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The Really Useless Thread

  • #14,961
  • Sep 20, 2011 12:27pm Sep 20, 2011 12:27pm
Quoting OldQuant
If that were the case (and I'm not saying it isn't), that would be like having a rule that votes on snow plow funding can only be done with all congressman from Mississippi present.

I got a few minutes so I will bite.

We all use the term EFSF, even though technically it is wrong. The EFSF has been around for 2 years and is currently active, it is registered in Luxembourg and expires in 2013. The "EFSF" that most of us talk about here is actually the EFSM (European Financial Stabilisation Mechanism) that is going to replace the EFSF. It was Germany that considered it a change of treaty (the Lisbon one) so all members need to vote on it and ratify it unanimously.

The current EFSF can only supply money in conjunction with the ECB or IMF, the EFSM can operate independently.

I briefly touched a few weeks back on how the EU is changing its QMV system to vote so in future a consensus is no longer required to change treaties.

So really we are talking about the ESM or EFSM, not the EFSF.

The above is a very rough summary of what the EU takes a good few thousand pages of rubbish to describe.
  • #14,962
  • Sep 20, 2011 12:28pm Sep 20, 2011 12:28pm
Quoting cloggie

I briefly touched a few weeks back on how the EU is changing its QMV system to vote so in future a consensus is no longer required to change treaties.
that is a nice lil perk

who needs democracy anyhow?
  • #14,963
  • Sep 20, 2011 12:30pm Sep 20, 2011 12:30pm
Quoting cloggie
So really we are talking about the ESM or EFSM, not the EFSF.
I would like to pick
(d) None of the above.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14,964
  • Sep 20, 2011 12:30pm Sep 20, 2011 12:30pm
on that note... hit my quota for the session before NY open.. so im outta here to run some errands... later bastards
  • #14,965
  • Sep 20, 2011 12:32pm Sep 20, 2011 12:32pm
Quoting Magix
I would like to pick
(d) None of the above.


Now that's democracy.



And on that bombshell, I am going to have some dinner. l8r.
  • #14,966
  • Sep 20, 2011 12:33pm Sep 20, 2011 12:33pm
Stopped out earlier today. May look for another long setup. Looking at this possible inverse h&s on the 1Hr
Attached Image (click to enlarge)
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Disclaimer: Check your 1m charts
  • #14,967
  • Sep 20, 2011 12:35pm Sep 20, 2011 12:35pm
Quoting cloggie
EFSM (European Financial Stabilisation Mechanism) that is going to replace the EFSF. It was Germany that considered it a change of treaty so all members need to vote on it and ratify it unanimously.
...
briefly touched a few weeks back on how the EU is changing its QMV system to vote so in future a consensus is no longer required to change treaties.
But, IIRC, the changes to QMV system are still a couple years out. So, does that mean this really could either delay the vote or motivate a change in structure for EFSM?
  • #14,968
  • Sep 20, 2011 12:38pm Sep 20, 2011 12:38pm
Quoting OldQuant
I'm so bored that I've been sitting here providing liquidity, one contract at a time, on the M6E (12.5K EUR each). $1.06 commish per trade. So far, on six trades, I'm up a total of just under two bucks.

I either need to go find a life, or get a slot machine in here. Later.
Wins every time...
Attached Image
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14,969
  • Sep 20, 2011 12:39pm Sep 20, 2011 12:39pm
Today was a bit of a wash for me.

First marked bar on the M15 showed sellers, got in on the break of the first marked bar (M5) and was taken out at break even before the second marked (M5) bar. I was ready to long the break of the second marked M5 bar because the M15 was showing buyers.

I was looking for an entry in the circled area and didn't get one, then it was time to go out with my lady so I'll be waiting for Tokyo for more
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  • #14,970
  • Sep 20, 2011 12:57pm Sep 20, 2011 12:57pm
just watched the roasting of charlie sheen,

talking about crossing the line, LOL.
  • #14,971
  • Sep 20, 2011 12:57pm Sep 20, 2011 12:57pm
WTF will no break no hash


DPP and the dam 200 enjoy


lol the dam roll and 20 and 50 i know i am foocked (high) but still
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  • #14,972
  • Sep 20, 2011 1:08pm Sep 20, 2011 1:08pm
sorry i know its too much charts for the junkieees


one the road dam it last one with ema's 20 50 200 next time i will post half a chart
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  • #14,973
  • Sep 20, 2011 1:08pm Sep 20, 2011 1:08pm
Quoting kill56
WTF will no break no hash


DPP and the dam 200 enjoy


lol the dam roll and 20 and 50 i know i am foocked (high) but still
No hourly close below the DTEMA...as fugly as this bitch is killer, no break, no shake...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14,974
  • Sep 20, 2011 1:12pm Sep 20, 2011 1:12pm
Quoting fxjawn
kenny is gonna be happy when he wakes up... he was building a pretty solid EC position
Yes and no, mate...only had one order in, because I closed them out last week as a basket...did well out of it, but didn't think a spike would happen until closer to 1.20. Was trying to reload, but the bastards didn't fill anymore than one. Pity...those bastards!

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  • #14,975
  • Sep 20, 2011 1:14pm Sep 20, 2011 1:14pm
Quoting Larseg
just watched the roasting of charlie sheen,

talking about crossing the line, LOL.
As long as they didn't mention his drug addiction problems .....
  • #14,976
  • Sep 20, 2011 1:17pm Sep 20, 2011 1:17pm
Might keep onto this long. Dam, gotta put the spuds on
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Disclaimer: Check your 1m charts
  • #14,977
  • Sep 20, 2011 1:17pm Sep 20, 2011 1:17pm
Messy EU chart full of nothing but sells...still have a fair bit. Not exactly sure what I missed overnight. Need to assess if I'm keeping these, or if Euroland has really been saved, or if this bounce is as reality based as Disneyland...

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Nice gold trade running, too. Softening the blow of any EU DD I've had...

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  • #14,978
  • Sep 20, 2011 1:17pm Sep 20, 2011 1:17pm
Wow... close to page 1000. Who'll be the first?
  • #14,979
  • Sep 20, 2011 1:21pm Sep 20, 2011 1:21pm
Quoting Larseg
just watched the roasting of charlie sheen,

talking about crossing the line, LOL.
You may have crossed the line watching the roasting of charlie sheen, but if you drop a couple of post it notes by the tele, you won't ever have to make the same mistake...

Suggestions:

1. Do not watch, "The Roasting of (Insert meaningless asshole name here)".
2. Do not watch anything with Charlie Sheen.

Much as we all appreciate when you celebrate your victories here with us, we all are here for your support to mourn your losses...

You don't have to victimize yourself with this shit brother, between our little RUT family, we should be able to pr0n link you up until there is like smello-pr0n or some device that you attach to you USB and get the real pr0n feel...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #14,980
  • Sep 20, 2011 1:21pm Sep 20, 2011 1:21pm
Quoting Magix
No hourly close below the DTEMA...as fugly as this bitch is killer, no break, no shake...
agreee and i love the range , i like the way u deal with TK and chino i did ad london with the fake franky ,

lets see the close
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