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The Really Useless Thread

  • #16,081
  • Sep 21, 2011 8:57pm Sep 21, 2011 8:57pm
Quoting pkimnyc
Spinning top 5min. Not good for longs.
thx mr. Pessimistic...got S/O for a couple...might get my 44 now though
  • #16,082
  • Sep 21, 2011 8:57pm Sep 21, 2011 8:57pm
By the way, here's a chart for you to remember while you're reading or hearing all the pro's explaining how they all knew OpTwist was coming and it was all baked into the bond market.

EDIT: The time scale is Chicago; the "liftoff" was not an hour before FOMC minutes. It was just after the minutes.
Attached Image (click to enlarge)
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  • #16,083
  • Sep 21, 2011 8:58pm Sep 21, 2011 8:58pm
Quoting Magix
I had a close look at it...

Sorry dude...

It's mine...
I think I'll drop down to the 15 sec chart looking up to m1. Haven't done that in a while.
  • #16,084
  • Sep 21, 2011 8:59pm Sep 21, 2011 8:59pm
Quoting OldQuant
By the way, here's a chart for you to remember while you're reading or hearing all the pro's explaining how they all knew OpTwist was coming and it was all baked into the bond market.

EDIT: The time scale is Chicago; the "liftoff" was not an hour before FOMC minutes. It was just after the minutes.
I wonder if that UBS guy would still have his job if he coulda just held on a little longer?

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #16,085
  • Sep 21, 2011 8:59pm Sep 21, 2011 8:59pm
Quoting needpips
thx mr. Pessimistic...got S/O for a couple...might get my 44 now though
You do your thing, I'll do mine.
  • #16,086
  • Sep 21, 2011 9:01pm Sep 21, 2011 9:01pm
Quoting pkimnyc
You do your thing, I'll do mine.
Remember the monthly 50% fib is 3518....FWIW
  • #16,087
  • Sep 21, 2011 9:04pm Sep 21, 2011 9:04pm
Quoting needpips
Remember the monthly 50% fib is 3518....FWIW
I don't follow fibs, but thanks.
  • #16,088
  • Sep 21, 2011 9:04pm Sep 21, 2011 9:04pm
Quoting Magix
I wonder if that UBS guy would still have his job if he coulda just held on a little longer?

That chart shows $7,000 per contract on what was this morning a $3,600 margin. Put that in EUR terms: 1MM EUR at 40:1 is about the same margin as 10 contracts. $70,000 top to bottom = 700 pips to get the same juice.

And that's why the COT is going to be so interesting. There's going to be a lot of talk about it all positioned in.
  • #16,089
  • Sep 21, 2011 9:07pm Sep 21, 2011 9:07pm
Quoting OldQuant
TPut that in EUR terms: 1MM EUR at 40:1 is about the same margin as 10 contracts. $70,000 top to bottom = 700 pips to get the same juice.
That's a lotta juice!
  • #16,090
  • Sep 21, 2011 9:20pm Sep 21, 2011 9:20pm
Quoting OldQuant
There's going to be a lot of talk about it all positioned in.
I have no response to that.

Maybe this?

Ooga Chaka BABY...

Inserted Video
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #16,091
  • Edited 9:35pm Sep 21, 2011 9:22pm | Edited 9:35pm
By the way, just looked at AUD v HG, and it appears on the basis of the co-movement, that another dime or so down in copper is all it would take to break parity. Wonder what the order book looks like at levels that paint 0.99xx.

But before it went, I'll bet there would be one he11 of a headfake to attract enough buying for some bastards to get sufficiently short, just like there was yesterday.

Wow. It might not take a dime. Queue the rally in AUD...
  • #16,092
  • Sep 21, 2011 9:29pm Sep 21, 2011 9:29pm
3590 is probably protected. so the targets are either 3513 or 3524 before 3590. nearest to 3590 would be the better r/r w/o touching it.
those who can, do. those who cant, talk about those who can
  • #16,093
  • Sep 21, 2011 9:35pm Sep 21, 2011 9:35pm
Quoting gatorinla
3590 is probably protected. so the targets are either 3513 or 3524 before 3590. nearest to 3590 would be the better r/r w/o touching it.
Ive got an order in for 3525.....gotta sleep....later all
  • #16,094
  • Sep 21, 2011 9:36pm Sep 21, 2011 9:36pm
Quoting Magix
Waiting for Gators 3544-42 area...

200x20 cross on the M1 for the 200 down...

If we get that, I will hammer this bitch harder then Bob Villas left thumb.

i fell asleep. i just missed one.. i got in, but later then i should have. any way im short now.
those who can, do. those who cant, talk about those who can
  • #16,095
  • Sep 21, 2011 10:05pm Sep 21, 2011 10:05pm
my 5m says bounce atm so im out with2%
those who can, do. those who cant, talk about those who can
  • #16,096
  • Sep 21, 2011 10:08pm Sep 21, 2011 10:08pm
Fell asleep, too. Was awake when I went in, but then dozed off. EU...

Attached Image (click to enlarge)
Click to Enlarge Name: 1min.PNG Size: 44 KB


Final gold position closed at BE
Second attempt at AU long paid fine...but no runner. Flat there again.
GBPJPY doing OK...will let it run. Really not a very big order.


Out of here...need a good night sleep...apparently.

All the best...play safe.
  • #16,097
  • Sep 21, 2011 10:10pm Sep 21, 2011 10:10pm
G-man...will talk about the % based orders tomorrow. Sorry for the delay.

All the best.
  • #16,098
  • Sep 21, 2011 10:11pm Sep 21, 2011 10:11pm
Quoting gatorinla
my 5m says bounce atm so im out with2%
scalping so i will not be posting much.. bounce of 40 from the low is normal. but if you long its counter. don't let it bite you in the ass.
those who can, do. those who cant, talk about those who can
  • #16,099
  • Sep 21, 2011 10:11pm Sep 21, 2011 10:11pm
bounce or break.
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  • #16,100
  • Sep 21, 2011 10:12pm Sep 21, 2011 10:12pm
Hey, Ramses...

Wasn't it you who posted some end of the world kinda thang...

Seems if I recall was supposed to be the planetary alignment for sometime late September...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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