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The Really Useless Thread

  • #22,501
  • Oct 6, 2011 3:05am Oct 6, 2011 3:05am
Quoting sisse
They are really thinking (or know) a rate cut today and expecting euro/usd to test sub 1.30xx ...
I got a real strong chickenbone feeling we gonna see that cut. Them bitchz facked me good on Monday I had a potato farmers stack o shorts all ready for the end of the euro and they came out and talked her back from the edge of doom. and I got bunch of BE+diddlysquats.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #22,502
  • Oct 6, 2011 3:07am Oct 6, 2011 3:07am
I am going to sell some.. 3348 is a number anyway. 3380s and 90s is bigger.

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  • #22,503
  • Oct 6, 2011 3:11am Oct 6, 2011 3:11am
Quoting darimik
I am going to sell some.. 3348 is a number anyway. 3380s and 90s is bigger.

Attachment

still buyers around...
  • #22,504
  • Oct 6, 2011 3:11am Oct 6, 2011 3:11am
an old levels with update just walk the dog between the lines
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  • #22,505
  • Oct 6, 2011 3:16am Oct 6, 2011 3:16am
Quoting Larseg
still buyers around...
indeed they are. they always are. good entry is the key for me.

I got my 80s and 90s. dont like it yet..

up higher is 3410
  • #22,506
  • Oct 6, 2011 3:20am Oct 6, 2011 3:20am
Quoting Larseg
still buyers around...

  • #22,507
  • Oct 6, 2011 3:23am Oct 6, 2011 3:23am
right i am short at 3396
i will add more up at 3408, if it manages to get there ..
3408 is a biggie kinda area for me
  • #22,508
  • Oct 6, 2011 3:25am Oct 6, 2011 3:25am
s 98.. L mofu,, s.o the 52 one.
those who can, do. those who cant, talk about those who can
  • #22,509
  • Oct 6, 2011 3:25am Oct 6, 2011 3:25am
Quoting The Fool
I got a real strong chickenbone feeling we gonna see that cut. Them bitchz facked me good on Monday I had a potato farmers stack o shorts all ready for the end of the euro and they came out and talked her back from the edge of doom. and I got bunch of BE+diddlysquats.
I have my doubts. IMF, OECD, All major investment banks and everybody else is recommending cut but last inflation number in ECB (overshoot up) will leave the door for Trichet to leave the hot plate for Draghi next month.

Cutting rates will imply a mistake in the hikes this year but more importantly will destroy the so called ECB "independence" on only follow the mandate: control inflation not fiscal stimulus.

The extreme stubbornness of the ECB (Trichet) and recent critics from Germany after the bond buying program could provide also the political support from Germany to leave his legacy intact before the ship sinks....

We'll see, but is a difficult call that is clearly reflecting on the euro since yesterday...nobody want to push outside of the boundaries until the picture is clear...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #22,510
  • Oct 6, 2011 3:29am Oct 6, 2011 3:29am
Quoting gatorinla
s 98.. L mofu,, s.o the 52 one.
beat me... the best I got was 95
  • #22,511
  • Oct 6, 2011 3:29am Oct 6, 2011 3:29am
Quoting sisse
I have my doubts. IMF, OECD, All major investment banks and everybody else is recommending cut but last inflation number in ECB (overshoot up) will leave the door for Trichet to leave the hot plate for Draghi next month.

Cutting rates will imply a mistake in the hikes this year but more importantly will destroy the so called ECB "independence" on only follow the mandate: control inflation not fiscal stimulus.

The extreme stubbornness of the ECB (Trichet) and recent critics from Germany after the bond buying program could provide also the political...
exactly....

and this news about jointly recapping the banks.... what a bunch of crap.... itll never pass...
  • #22,512
  • Oct 6, 2011 3:33am Oct 6, 2011 3:33am
Quoting gatorinla
s 98.. L mofu,, s.o the 52 one.
dax also hit the mofu of the predictive..
those who can, do. those who cant, talk about those who can
  • #22,513
  • Oct 6, 2011 3:39am Oct 6, 2011 3:39am
Quoting sisse
I have my doubts.....We'll see,
ok I don't know about the rate cut but I can't believe the euro can stage a multiday rally with all the shit hangin off it. I got a strong chickenbone feeling about that too & I'm short w/ sl@+diddly from .3390.

Good Luck ya'll.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #22,514
  • Oct 6, 2011 3:53am Oct 6, 2011 3:53am
Piercing line formed by monday/tuesday , doji yesterday - but seems like into tougher territory now for bulls - I see it capped by 440 for now
  • #22,515
  • Oct 6, 2011 3:55am Oct 6, 2011 3:55am
Quoting The Fool
ok I don't know about the rate cut but I can't believe the euro can stage a multiday rally with all the shit hangin off it. I got a strong chickenbone feeling about that too & I'm short w/ sl@+diddly from .3390.

Good Luck ya'll.
Well the wave up in play was/is a retrace move not a uptrend. From a TA perspective the last break down last Friday didn't test any of the break out points but now we just completed the test of the last breakout point at 1.340x and we ticked the required box for a potential move down in my books to the untested weekly support 1.311x at least (further break will depend on ECB/NFP combo).

The "problem" TA now is just about timing and not getting burn jumping the gun before this wave up is over. The levels in play are daily and above (weekly break out/monthly rejection of lows/quarterly breakout point) today so all the micro traders can get spanked very bad on the volatility.

Whatever the case, 1,341x is definitively in my charts too...but in my case I am not in a hurry with ECB today so GL mate...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #22,516
  • Oct 6, 2011 4:02am Oct 6, 2011 4:02am
Quoting sisse

Whatever the case, 1,341x is definitively in my charts too...but in my case I am not in a hurry with ECB today so GL mate...
And to you as well maestro. I am wave scalping this 70-90 channel but will leave one open from 90+ short. unless I pass out. needs a nap before ecbzzzz
"If The Fool persists in his Folly he will become wise." - William Blake
  • #22,517
  • Oct 6, 2011 4:22am Oct 6, 2011 4:22am
taking some off for +34
rest at BE
I'm off to bed
goodluck all
HK
Quoting hkkhanus
right i am short at 3396
i will add more up at 3408, if it manages to get there ..
3408 is a biggie kinda area for me
  • #22,518
  • Oct 6, 2011 4:24am Oct 6, 2011 4:24am
Quoting sisse
Well the wave up in play was/is a retrace move not a uptrend. From a TA perspective the last break down last Friday didn't test any of the break out points but now we just completed the test of the last breakout point at 1.340x and we ticked the required box for a potential move down in my books to the untested weekly support 1.311x at least (further break will depend on ECB/NFP combo).

The "problem" TA now is just about timing and not getting burn jumping the gun before this wave up is over. The levels in play are daily and above (weekly break...

I got 3417 too as a biggy... a close above that is a retest of 3728....

these are bigger TF's than the microguys though obviously.... from a FA standpoint only the Fed launching another round of bond purchasing could really drive price back up there.... I dont expect much hawkish rhetoric from EZ policy makers for awhile(if ever)
  • #22,519
  • Oct 6, 2011 4:42am Oct 6, 2011 4:42am
Quoting Wulfgar
I got 3417 too as a biggy... a close above that is a retest of 3728....

these are bigger TF's than the microguys though obviously.... from a FA standpoint only the Fed launching another round of bond purchasing could really drive price back up there.... I dont expect much hawkish rhetoric from EZ policy makers for awhile(if ever)
Agree bro. BTW, speaking of QE, the fireworks can start on the BOE announcement for the Pound before ECB. Deutsche Bank talks of a 40% increase on QE....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #22,520
  • Oct 6, 2011 4:54am Oct 6, 2011 4:54am
So why did clog gs remove all his vouchers?
anyone pissed him off or something?
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