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The Really Useless Thread

  • #12,201
  • Sep 13, 2011 11:10am Sep 13, 2011 11:10am
Quoting sisse
Nasir.khan commented earlier before Posen comments. Very dovish comments. I wasn't expecting that talk. A lot more aggressive than the FED. One of the advantage of been a big player with their own currency and monetary policy.

I cleared longs on cable a few hours ago after the comments. It certainly look very bearish if daily break 1.574x and I may have to change my mid term outlook on the pound...

GL on those shorts, I will only join you with a daily close below.

sisse
the same one for a while now. 5807.8 lost... now let c if its the ceiling
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those who can, do. those who cant, talk about those who can
  • #12,202
  • Sep 13, 2011 11:13am Sep 13, 2011 11:13am
Quoting needpips
Not sure if this is the correct way to draw these Forks, but looks to be riding the lightnin

Attachment
you'll have to ask andrew...

who the fick is andrew anyway??
  • #12,203
  • Sep 13, 2011 11:15am Sep 13, 2011 11:15am
Quoting Piters
Gold looks to me is ready to POP too..
just for a test of 1850 area..
Could be a nice chance to get in for the QE3 trade.
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  • #12,204
  • Sep 13, 2011 11:17am Sep 13, 2011 11:17am
Quoting gatorinla
the same one for a while now. 5807.8 lost... now let c if its the ceiling
Nice bro.

Still patiently waiting a weekly close above 1.597x since last week aiming at 2.0 (position trade) here but FA is not helping the cause with stock markets at these levels, and the BOE confirming that they will put the printing machine in use despite the inflationary pressures.... As I said a break below 1.574x will make me reevaluate that trade... GL managing those shorts...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #12,205
  • Sep 13, 2011 11:19am Sep 13, 2011 11:19am
Quoting FibbinArchie
m1, m5 close above 95 mofu and i'd have to say game on, rejecting atm...
'avin another sniff...
  • #12,206
  • Sep 13, 2011 11:20am Sep 13, 2011 11:20am
Quoting gatorinla
the same one for a while now. 5807.8 lost... now let c if its the ceiling
Had a short from 830 which was stopped at 840.

Went in short on that 5m spike again @ 814.

Target 750.
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  • #12,207
  • Sep 13, 2011 11:23am Sep 13, 2011 11:23am
Well an interesting US overnight on this thread. Before anything else, my one observation on Malcolm. I haven't been here long enough to know any history, but what I did see was somebody who was either misinterpreting or misrepresenting the size numbers available in an essentially OTC market. That was puzzling. But when he would come to EUR/USD and trumpet "Dow 14000" out of context and without discussion, I knew the game. That's a code phrase of hawkers of newsletters, signals, and management.

And redsword was a drunk. Regardless of the good he did, he crashed as all alcoholics inevitably do.

I got my 37 handle position. That probably means, of course, there is now a floor under the EUR.

Why not options? Vol is way to expensive.

Why not futures? The embedded carry. The plan for the latter is why I really built Flipper. It's going to go to work in the last 90 minutes of NY every day, and try to trade a piece of the position for a few ticks to keep it ahead of the carry costs, which are, right now, under 10 pips to the end of the year. That shouldn't be too hard.

Regarding ForexLive, I just yesterday "discovered" it, trying to get info on the Chinese "bailout." I can see they're a little like Z H: don't read the comments, and the commentators have strong points of view, but it looks like their news flow is good and up to date. So, like Mr. Hatch implied, I don't have a problem with them. Just sayin.

EUR 3150 today. Ridiculously small.
  • #12,208
  • Sep 13, 2011 11:24am Sep 13, 2011 11:24am
Quoting needpips
Is that being floated as a near term reality?
There are some people in Europe which call for Tobin since years to dampen speculation...........

I do not think it will come soon, but who knows........

Then we have to switch to countries without that tax, I think :-)
  • #12,209
  • Sep 13, 2011 11:27am Sep 13, 2011 11:27am
Quoting Mr Hatch
took way longer than I thought, but hey, here we are.

Hi Hatch,

how are things going? Hope all is well.....


Look at the wave 2 beforehand. It was a simple zigzag. The rule of alternation called for an extended (complex) correction.

Take home message: look at wave 2 to know what you have likely to await in wave 4
  • #12,210
  • Sep 13, 2011 11:28am Sep 13, 2011 11:28am
Quoting OldQuant
Well an interesting US overnight on this thread. Before anything else, my one observation on Malcolm. I haven't been here long enough to know any history, but what I did see was somebody who was either misinterpreting or misrepresenting the size numbers available in an essentially OTC market. That was puzzling. But when he would come to EUR/USD and trumpet "Dow 14000" out of context and without discussion, I knew the game. That's a code phrase of hawkers of newsletters, signals, and management.

And redsword was a drunk. Regardless of...
i guess malc bugged out over yet another argument concerning vsa then.. re. forexlive, agree, sacked it off in favour of a cpl of decent news sources to follow on twitter, fx street is a good one..
  • #12,211
  • Sep 13, 2011 11:30am Sep 13, 2011 11:30am
Quoting infinitus
There are some people in Europe which call for Tobin since years to dampen speculation...........

I do not think it will come soon, but who knows........

Then we have to switch to countries without that tax, I think :-)
No worries the UK will never accept that so EU is good for continental Europe in that sense you just use the right to move wherever you want and put the money in London...It won't happen as Frankfurt and Paris will loose a big chunk of the market. In the worse case scenario that the UK accepts we always have Switzerland in one click...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #12,212
  • Sep 13, 2011 11:44am Sep 13, 2011 11:44am
Quoting OldQuant
Well an interesting US overnight on this thread. Before anything else, my one observation on Malcolm. I haven't been here long enough to know any history, but what I did see was somebody who was either misinterpreting or misrepresenting the size numbers available in an essentially OTC market. That was puzzling. But when he would come to EUR/USD and trumpet "Dow 14000" out of context and without discussion, I knew the game. That's a code phrase of hawkers of newsletters, signals, and management.

Malc and his merry band of kid followers get no patience or tolerance from me.

Apologies to you and Ken as the starter here if I disrupted the proceedings, but I for one cannot stand the scammers/signal service muppets on FF, they got plenty of other lousy threads to populate, stay out of the only thread on FF that is halfway decent.

This thread has turned out to be a bit of a winner, even D55 stopped by earlier.
  • #12,213
  • Sep 13, 2011 11:48am Sep 13, 2011 11:48am
Another very average and dull day in the euro for me. Crumbs in the morning and crumbs in the afternoon. Clearing (stopped out) reaming shorts at entry point...

Well done to all scalpers today. I saw some very active and good traders around....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #12,214
  • Sep 13, 2011 11:49am Sep 13, 2011 11:49am
Quoting cloggie
Malc and his merry band of kid followers get no patience or tolerance from me.

Apologies to you and Ken as the starter here if I disrupted the proceedings, but I for one cannot stand the scammers/signal service muppets on FF, they got plenty of other lousy threads to populate, stay out of the only thread on FF that is halfway decent.
No, no, don't misinterpret. The guys like you who know both the context/content and the avenues to correct the problem do a service to both the owners of the site and the users.

I don't have any problem calling them out. As I said, the whole cross market meme that he used, the little I saw it, just made me go "hmm." Reds' weekend rants back then did piss my off, because I couldn't understand how the management would let that go; I wasn't as offended by him as I was with them.
  • #12,215
  • Sep 13, 2011 11:51am Sep 13, 2011 11:51am
Quoting sisse
Another very average and dull day in the euro for me. Crumbs in the morning and crumbs in the afternoon. Clearing (stopped out) reaming shorts at entry point...

Well done to all scalpers today. I saw some very active and good traders around....

sisse
Definitely not very impressed with the H4 right now. Last bar did get a close above 3687... Current H4 gave us our retrace and retest... Up, up and away I guess.

Would be nice to pop these highs again.
  • #12,216
  • Sep 13, 2011 11:52am Sep 13, 2011 11:52am
Quoting OldQuant
No, no, don't misinterpret. The guys like you who know both the context/content and the avenues to correct the problem do a service to both the owners of the site and the users.

I don't have any problem calling them out. As I said, the whole cross market meme that he used, the little I saw it, just made me go "hmm." Reds' weekend rants back then did piss my off, because I couldn't understand how the management would let that go; I wasn't as offended by him as I was with them.

Red did have a bit of a drinking problem.

This thread though has evolved into something a bit special, some darn good individuals here, some good talk about trading, some good discussions about fundamentals, and guess what, nobody has to be right, nobody is worried about being wrong and we are actually dragging along a few "newer" trader on our little journey here.

I for one would not want to see it ruined or Ken ending up in despair and giving up on managing the thread.

When I first came to FF, this is the kind of place I was looking for. Nobody is selling you anything, nobody is cramming their strategy down your throat, nobody is begging for crumbs, we just generally have a good time while we pass the day behind the screens.

Enough of that, let's see how 3700 gets on here.
  • #12,217
  • Sep 13, 2011 11:54am Sep 13, 2011 11:54am
Been a confusing day as i was looking for 750 in cable and 850 in EU. Dint get any of them at the end. Should have known better to not expect such targets in a non-event market.
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  • #12,218
  • Sep 13, 2011 11:55am Sep 13, 2011 11:55am
3713... sounds familiar from somewhere.
  • #12,219
  • Sep 13, 2011 11:55am Sep 13, 2011 11:55am
long 37...TSL
  • #12,220
  • Sep 13, 2011 11:56am Sep 13, 2011 11:56am
Quoting cloggie
Red did have a bit of a drinking problem.

This thread though has evolved into something a bit special, some darn good individuals here, some good talk about trading, some good discussions about fundamentals, and guess what, nobody has to be right, nobody is worried about being wrong and we are actually dragging along a few "newer" trader on our little journey here.

I for one would not want to see it ruined or Ken ending up in despair and giving up on managing the thread.

Enough of that, let's see how 3700 gets on here.
taking it's sweet time..
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