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The Really Useless Thread

  • #12,261
  • Sep 13, 2011 1:05pm Sep 13, 2011 1:05pm
50MA 5Min is 3709ish same as my FE76.8 so expect at least that or maybe Frankie High @ 3695 (5min 100MA)

Quoting FibbinArchie
strange little spike down, dunno what it's doing atm...

i wish it would get a shift on, i'm starving, but glued to the chart...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 195 KB
Disclaimer: Check your 1m charts
  • #12,262
  • Sep 13, 2011 1:06pm Sep 13, 2011 1:06pm
Quoting FibbinArchie
28 v? it was pin balling 25 to 30 long enough, if the bull run is done then why hold it up so long?
Close/Opens. It may not be done, may just be going down to gather more strength.

Though, I won't start selling until I see the intermediate trend form LH/LL type of deal. Really been digging trading with the [intermediate] trend lately.

I've really taken to heart the saying "We are long until we are short, and short until we are long".
  • #12,263
  • Sep 13, 2011 1:11pm Sep 13, 2011 1:11pm
Quoting Venice
Close/Opens. It may not be done, may just be going down to gather more strength.

Though, I won't start selling until I see the intermediate trend form LH/LL type of deal. Really been digging trading with the [intermediate] trend lately.

I've really taken to heart the saying "We are long until we are short, and short until we are long".
just looking for a hard fast stop hunting spike to fade, i don't like all this softly, softly, little fake here, little fake there type business...
  • #12,264
  • Sep 13, 2011 1:12pm Sep 13, 2011 1:12pm
US deficit balloons to $134.2 bln in August versus $90.5 in 2010

The full-year fiscal 2011 deficit is now seen at $1.316 trln according to the White House, from $1.234 trln.
The market expected a deficit of $132 bln…


forexlive.com
Disclaimer: Check your 1m charts
  • #12,265
  • Sep 13, 2011 1:16pm Sep 13, 2011 1:16pm
Be back later.

Keep a lid on this thing, now.
  • #12,266
  • Sep 13, 2011 1:18pm Sep 13, 2011 1:18pm
new short earlier.........s euro 3733 (pending hit) and gbp 5833...
those who can, do. those who cant, talk about those who can
  • #12,267
  • Sep 13, 2011 1:20pm Sep 13, 2011 1:20pm
going for some food, taking the iphone, bbl..
  • #12,268
  • Sep 13, 2011 1:31pm Sep 13, 2011 1:31pm
don't think this is a swing high, i think it could be a range break out, see what asia does with it...

bbl
  • #12,269
  • Sep 13, 2011 1:32pm Sep 13, 2011 1:32pm
Quoting cloggie
Correct that happens in 2014, the EU has slowly gone from unanimity to the current qualified majority, to the new qualified majority in 2014, when a majority of 65% is needed for policy change (based on population), currently 75%. There is some "small minority" clause in there somewhere where under certain conditions a minority can ask for a "review" not a repeal. Not sure how that one works, need to read up on Lisbon again.

It is called the QMV and was accepted in the Lisbon treaty. So in effect, Germany/France/UK can run the EU from 2014...
Quality posts mate (both you and OldQuant last posts). That is very in depth information,

As you said, not really interested in the ultimate details on that QMV but the issue and importance is clear and can change a lot the efficiency and speed (faster or slower depending on the big players) on how things work.

In any case, all the domino effect "precautions" (EFSF technicalities included) are set for Greek default, just waiting for the final push.

Are they going to be enough to avoid panic, domino and credit crunch 2? Size-wise and technically yes in my opinion but expectations and markets are well pass the OK levels and the reaction (after the knee jerk reaction) are bad at best...

we'll see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #12,270
  • Sep 13, 2011 1:36pm Sep 13, 2011 1:36pm
Weekly Retest holding for now
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 331 KB
Disclaimer: Check your 1m charts
  • #12,271
  • Sep 13, 2011 1:46pm Sep 13, 2011 1:46pm
Nice trade G

Quoting gatorinla
new short earlier.........s euro 3733 (pending hit) and gbp 5833...
Disclaimer: Check your 1m charts
  • #12,272
  • Sep 13, 2011 1:47pm Sep 13, 2011 1:47pm
Quoting FibbinArchie
don't think this is a swing high, i think it could be a range break out, see what asia does with it...

bbl
same here. if we get below 3707 now.. i may long at 3678... undecided.. should i hold short or play the pa indicated 3800/17... with a monthly at 3841.. 3733.5 holding or not is my bias..
those who can, do. those who cant, talk about those who can
  • #12,273
  • Sep 13, 2011 1:54pm Sep 13, 2011 1:54pm
Quoting pipper
Nice trade G
may close @/near 78
those who can, do. those who cant, talk about those who can
  • #12,274
  • Sep 13, 2011 2:03pm Sep 13, 2011 2:03pm
oil poked above a dt (wick).. eu back to 3800/3841.. is definitely not out of the question. will the mid hold at 3733.5..
those who can, do. those who cant, talk about those who can
  • #12,275
  • Sep 13, 2011 2:04pm Sep 13, 2011 2:04pm
that has really fucked me off...

sh 34, s/o +3

spent all afternoon teeing up that trade...
  • #12,276
  • Sep 13, 2011 2:05pm Sep 13, 2011 2:05pm
Quoting gatorinla
same here. if we get below 3707 now.. i may long at 3678... undecided.. should i hold short or play the pa indicated 3800/17... with a monthly at 3841.. 3733.5 holding or not is my bias..
second test was a late bloomer...
  • #12,277
  • Sep 13, 2011 2:06pm Sep 13, 2011 2:06pm
Damn populist politicians. Stupid Reid trying to mess with China again and killed my longs in the ES...they should be ban from making market comments (and stupid decisions...).

In any case, on the euro Chiina, Russia and now BRICs to support the euro. The whole world behind the default ...let see is enough to stop the domino effect and bank collapse.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #12,278
  • Sep 13, 2011 2:06pm Sep 13, 2011 2:06pm
going out for a walk and some fresh air...

bbl, good hunting...
  • #12,279
  • Sep 13, 2011 2:17pm Sep 13, 2011 2:17pm
Quoting gatorinla
new short earlier.........s euro 3733 (pending hit) and gbp 5833...
out.. easy 53 pips
those who can, do. those who cant, talk about those who can
  • #12,280
  • Sep 13, 2011 2:18pm Sep 13, 2011 2:18pm
Quoting FibbinArchie
that has really fucked me off...

sh 34, s/o +3

spent all afternoon teeing up that trade...
Bummer. Hate when those bastards do that. One of the reasons I have started waiting for a cluster to form before putting stops to be. I'd rather have a loss then a premature knockout of a profitable run.
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