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The Really Useless Thread

  • #11,241
  • Sep 12, 2011 1:30am Sep 12, 2011 1:30am
Quoting OldQuant
Flip sold 62 but covered 55 for reason I don't know, and not going to go into the log to see. I'm just going to go to bed, without even reading the comics.

I am out now as well, awaiting dax open...

good monday so far
  • #11,242
  • Sep 12, 2011 1:31am Sep 12, 2011 1:31am
Quoting OldQuant
Hey, where's PTL? On holiday again?
He is. Went to Singapore and Hong Kong for 10 days-ish. Probably see him toward next weekend, I think.
  • #11,243
  • Sep 12, 2011 1:32am Sep 12, 2011 1:32am
Quoting OldQuant
Flip sold 62 but covered 55 for reason I don't know, and not going to go into the log to see. I'm just going to go to bed, without even reading the comics.
Pips is pips!

Sleep well, Q.
  • #11,244
  • Sep 12, 2011 1:35am Sep 12, 2011 1:35am
Quoting fxjawn
lol im good... taking what i can get bro...

how was your weekend?
Good stuff, mate.

Weekend was great...bachelor heaven. Wayyy too much to drink...way too much of all the wrong foods!

Perfect.
  • #11,245
  • Sep 12, 2011 1:36am Sep 12, 2011 1:36am
Quoting kenfen69
Pips is pips!

Sleep well, Q.

absolutely, i think this piece of shit can turn whenever so being greedy can be a good strategy until tonight...
  • #11,246
  • Sep 12, 2011 1:42am Sep 12, 2011 1:42am
Morning ...

Euro trying to put a traffic light on the selloff in key weekly/daily support 1.350x. Any rally is obviously cap with sellers trying to join the party (untested last broken S @1.365x is the 1st level to watch in my books)

Only factor to watch is the EZ debt. CDS in panic/default mode (Greece "trading" at 3500!!!... wtf?). Greek default imminent but the real issue is the contagion effect on the banking sector. Potential downgrades on European Banks is the news to pay attention as early as today that will trigger panic in stock markets (Hang Seng and Asia hammered today and London to open) and will open FED / QE3 to make things even more interesting and volatile.

Gold and CHF on the launching platform for a rally and oil slowly but consistently poking support to test final key S before recession levels.

Gl all today.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #11,247
  • Sep 12, 2011 1:44am Sep 12, 2011 1:44am
Quoting Larseg
absolutely, i think this piece of shit can turn whenever so being greedy can be a good strategy until tonight...
Indeed...staying nimble today. Made out alright longing AUD a few times tonight. Has paid for my time. Not marrying anything, though.
  • #11,248
  • Sep 12, 2011 1:46am Sep 12, 2011 1:46am
Quoting sisse
Morning ...

sisse
Nice sisse!

All key points addressed. Cheers mate. GL!
  • #11,249
  • Sep 12, 2011 1:56am Sep 12, 2011 1:56am
Quoting kenfen69
Indeed...staying nimble today. Made out alright longing AUD a few times tonight. Has paid for my time. Not marrying anything, though.


new short setup now, havent decided if Im too take it yet...
edit: not decided = probably a good idea to stay away...
  • #11,250
  • Sep 12, 2011 2:00am Sep 12, 2011 2:00am
Quoting Larseg
new short setup now, havent decided if Im too take it yet...
edit: not decided = probably a good idea to stay away...
Good point. I usually find that, too.

Just can't kick yourself if it turns out to be a winner.
  • #11,251
  • Sep 12, 2011 2:07am Sep 12, 2011 2:07am
Quoting kill56
hope all had a sexy weekend

some shitt to look at willkeep an eye on 13490's for the heck of it
big GM

dam it i was wrong by a few
  • #11,252
  • Sep 12, 2011 2:10am Sep 12, 2011 2:10am
Quoting kill56
big GM

dam it i was wrong by a few
You getting soft, Killer?

GM brother!
  • #11,253
  • Sep 12, 2011 2:13am Sep 12, 2011 2:13am
Quoting sisse
FED / QE3 to make things even more interesting and volatile.

Yup all eyes on the 20/21st. FED to the rescue once more is the only thing that can save this onslaught.

The environment is different then it was at QE1/2 though. I fully expect an inflation number adjustment when M-Dragon takes over with a rate cut on his first chairing.
  • #11,254
  • Sep 12, 2011 2:13am Sep 12, 2011 2:13am
Good morning fellow traders,

hope you all had a nice weekend :-)


Out of my EW view, we are working on a subwave 5 (ending diagonal) of wave 3 of a wave 3.

In this subwave 5 we are probably in a subwave 4 (up), so I expect a further push down to around 3489 to 3428.

After that we should see upward pressure to around minimum 3610 to ideally around 3730


After that further downside should evolve to around 3180


Sorry for no charts - maybe later in the day
  • #11,255
  • Sep 12, 2011 2:13am Sep 12, 2011 2:13am
good morning )
  • #11,256
  • Sep 12, 2011 2:17am Sep 12, 2011 2:17am
Quoting kenfen69
Good point. I usually find that, too.

Just can't kick yourself if it turns out to be a winner.

not kicking myself yet

hehe, mental game for sure... Love it though...
  • #11,257
  • Sep 12, 2011 2:23am Sep 12, 2011 2:23am
Quoting sisse

Only factor to watch is the EZ debt. CDS in panic/default mode (Greece "trading" at 3500!!!... wtf?). Greek default imminent
Greek 1yr now at 97.9%
  • #11,258
  • Sep 12, 2011 2:23am Sep 12, 2011 2:23am
Quoting cloggie
Yup all eyes on the 20/21st. FED to the rescue once more is the only thing that can save this onslaught.

The environment is different then it was at QE1/2 though. I fully expect an inflation number adjustment when M-Dragon takes over with a rate cut on his first chairing.
Is the only one left....which is not a good if we remember what happened the last time (credit crunch triggered) the FED had the ultimate decision.... A early selloff in european stock markets (all of them a dozen ticks away from last and key supports) may trigger some "public intervention" today (I mean bla bla bla from the UK and EU governments/authorities/bureaucrats, etc).

Nothing tradable so far in currencies (CAD reached parity, UC on early short zone and AUD on early long zone) but some v. good options forming in almost all other markets.

busy week ahead.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #11,259
  • Sep 12, 2011 2:26am Sep 12, 2011 2:26am
That'll do me for the night.

Lurk/chat mode: Activated!

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  • #11,260
  • Sep 12, 2011 2:27am Sep 12, 2011 2:27am
Quoting sofia101
good morning )
Good morning, madam...3 in the morning, that is!

How's my fellow night owl?
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