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The Really Useless Thread

  • #17,741
  • Sep 26, 2011 1:15am Sep 26, 2011 1:15am
Quoting sisse
Morning all...
In with a bang...nice one, sisse!

Good morrow, and good luck to you, too.
  • #17,742
  • Sep 26, 2011 1:17am Sep 26, 2011 1:17am
Quoting kenfen69
Was just reading a piece saying that historically, copper falls about 40% during an American recession....peak to trough. $2.67 is that mark. Little lower could be expected $2.20ish, and looking to stabilize around the $2.67 mark.

Plenty of blood to spilled. We'll see how it goes.

Silver sub $28 now. Gold right around $1605...nu sub $1600 yet. YET.
22.80 next target.
those who can, do. those who cant, talk about those who can
  • #17,743
  • Edited 1:31am Sep 26, 2011 1:21am | Edited 1:31am
Two cents more and it's moved full IB margin, which is probably somewhat higher than exchange minimum. Exchanges really don't like it when contracts do that; it's supposed to be a 1 day in a hundred move. Margin could jump an additional 10 cents ($2,500) tomorrow and NYMEX might still not be comfortable.

Just now, Nov CL was 77.77. Anyone feel lucky?
  • #17,744
  • Sep 26, 2011 1:21am Sep 26, 2011 1:21am
Quoting Piters
All in bro.. 4150 .. 50 big.. panda trade.. [jk]
Where is that fat bastard?

Attached Image


Quoting Piters
I watch 1500 level.. now.. very hot to do anything.. at this moment. But Gold going 100 bucks in a day is a climax move..
Will be a very telling level. $1480ish...orders on deck. Will adjust on approach.
  • #17,745
  • Sep 26, 2011 1:26am Sep 26, 2011 1:26am
Flip rolled long at 88. Two more 6 scalps. I have to stop thinking about this.
  • #17,746
  • Sep 26, 2011 1:26am Sep 26, 2011 1:26am
Quoting OldQuant
Two cents more and it's moved full IB margin, which is probably somewhat higher than exchange minimum. Exchanges really don't like it when contracts do that; it's supposed to be a 1 day in a hundred move. Margin could jump an additional 10 cents ($2,500) tomorrow and NYMEX might still not be comfortable.
Could help stabilize the slide. Just wipe the trades of the weak and over-leveraged out. Mind you, most of that has really got to be done at this point, I would assume. If people were on the wrong side of those moves, with leverage...it could have been quick and relatively painless. <--debatable.
  • #17,747
  • Sep 26, 2011 1:27am Sep 26, 2011 1:27am
Quoting gatorinla
22.80 next target.
3411 looks min
those who can, do. those who cant, talk about those who can
  • #17,748
  • Sep 26, 2011 1:27am Sep 26, 2011 1:27am
Quoting OldQuant
Of course, I know the answer: you don't get the PA to give you 40 every day. And for the days you don't, you need the days that give you 140. Ah well.
I hope you were being sarcastic or sardonic even though your tone does not convey it.

It is ridiculously easy to pull off 40 pips a day. 2 Pages back i posted Dow and SP500 trades i took in the morning today, it was almost 300 points worth of dow and a couple on SP500. Crude alone is giving me 2-3 times the pipvalue on a daily basis when im in full on trading mode.
  • #17,749
  • Sep 26, 2011 1:27am Sep 26, 2011 1:27am
Quoting OldQuant
Flip rolled long at 88. Two more 6 scalps. I have to stop thinking about this.
Stop thinking...keep counting.
  • #17,750
  • Edited 1:39am Sep 26, 2011 1:28am | Edited 1:39am
Quoting Piters
[jk]

I watch 1500 level.. now.. very hot to do anything.. at this moment. But Gold going 100 bucks in a day is a climax move..
in this environment, I would be ready for a 20-25% move, and yes in a day...not saying there is a big chance, but thats what I would budget for. First off, these markets are still pretty thick, once you start seeing it 10 dollars wide you'll know what I'm talking about...
Look Sharp/Trade Tight
  • #17,751
  • Sep 26, 2011 1:29am Sep 26, 2011 1:29am
Quoting gatorinla
void
of we hit 3420 now before 3385 i look higher to 3454 min..3362 in play.. 3420 is the risk
play it again sam
those who can, do. those who cant, talk about those who can
  • #17,752
  • Sep 26, 2011 1:36am Sep 26, 2011 1:36am
3380 or 3427... one or the other.
those who can, do. those who cant, talk about those who can
  • #17,753
  • Sep 26, 2011 1:38am Sep 26, 2011 1:38am
Quoting gatorinla
3380 or 3427... one or the other.
bears win.. 3355
those who can, do. those who cant, talk about those who can
  • #17,754
  • Sep 26, 2011 1:39am Sep 26, 2011 1:39am
Quoting kenfen69
Could help stabilize the slide. Just wipe the trades of the weak and over-leveraged out. Mind you, most of that has really got to be done at this point, I would assume. If people were on the wrong side of those moves, with leverage...it could have been quick and relatively painless. <--debatable.
They settle every night. That's why CME hasn't had a clearing member default in 106 years of doing it. So the shorts tomorrow will be settled up some thousands, and the longs closed out as it rolls by most houses, and by choice or money management if they're not trading too tight, and by margin call again at the open if they are.

But what's interesting is that the real pros, who are going to be holding on the "wrong" side of the trend a lot of the time, will end up okay. There's a lot of ticks in the chop, and they don't get long at 3.30 and then sit until it gets to 3.10 to wonder what to do.
  • #17,755
  • Sep 26, 2011 1:43am Sep 26, 2011 1:43am
Quoting kenfen69
Stop thinking...keep counting.
One more on this short.
  • #17,756
  • Sep 26, 2011 1:45am Sep 26, 2011 1:45am
How long has it been since the 95 handle coming up here on the Aussie? Not all that long, right?
  • #17,757
  • Sep 26, 2011 1:47am Sep 26, 2011 1:47am
Quoting OldQuant
How long has it been since the 95 handle coming up here on the Aussie? Not all that long, right?
9 months, roughly..
Look Sharp/Trade Tight
  • #17,758
  • Sep 26, 2011 1:48am Sep 26, 2011 1:48am
Quoting PayTheLimit
9 months, roughly..
Somebody has to stop this slide, and it might as well be me. Short the AUD 9630 or better.

96334
  • #17,759
  • Sep 26, 2011 1:49am Sep 26, 2011 1:49am
Quoting OldQuant
How long has it been since the 95 handle coming up here on the Aussie? Not all that long, right?
Actually...November 2010 since anything in the 95's printed. Low of 97ish in March2011.
  • #17,760
  • Sep 26, 2011 1:52am Sep 26, 2011 1:52am
$1530's on gold. Still only increasing, really.
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