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The Really Useless Thread

  • #23,041
  • Oct 7, 2011 10:28am Oct 7, 2011 10:28am
Quoting PayTheLimit
indeed..
Well stock indexes were fantastic this week but look crap after today. Rejection of support for reversal on weekly/daily but still important LH.

Break of Resistance and deep breach of a second one this week but there are 3 very close consecutive strong R next to each other above the current levels so that looks very messy for next couple weeks without some FA that break all of them at once (or trigger shorts again on a rejection back of broken R...)

DAX and friends don't look healthy TA now...

We'll see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #23,042
  • Oct 7, 2011 10:29am Oct 7, 2011 10:29am
Quoting fxjawn
or we could just have a news release that the continent of australlia is actually made of poo over the weekend...
Im down if u are... just dont go talkin bad of crocodile dundee... thatll piss alot of Aussies off.. the man is a national treasure
  • #23,043
  • Oct 7, 2011 10:31am Oct 7, 2011 10:31am
as long as this doenst make a poo its all good
yup, another tester on Aussie a bit bastard-ish short just for you brother

Quoting fxjawn
or we could just have a news release that the continent of australlia is actually made of poo over the weekend...
Attached Image (click to enlarge)
Click to Enlarge Name: AU.png Size: 45 KB
  • #23,044
  • Oct 7, 2011 10:35am Oct 7, 2011 10:35am
Quoting hkkhanus
as long as this doenst make a poo its all good
yup, another tester on Aussie a bit bastard-ish short just for you brother
nice bro
  • #23,045
  • Oct 7, 2011 10:37am Oct 7, 2011 10:37am
that h4 td trendline is in play, also a lot of action around the 3500 round number level, sisse's strike price..
  • #23,046
  • Oct 7, 2011 10:39am Oct 7, 2011 10:39am
i was expecting it to put a cap on it on 66 but i think it overshoot because of NFP?
i hate NFP, when i first started trading it was NFP friday. i made something about £3K within minutes. didnt know wtf is NFP at that time though .. i was very happy until the next half an hour or so then it blew my account LOL

Quoting fxjawn
nice bro
  • #23,047
  • Oct 7, 2011 10:40am Oct 7, 2011 10:40am
Quoting sisse
Well stock indexes were fantastic this week but look crap after today. Rejection of support for reversal on weekly/daily but still important LH.

Break of Resistance and deep breach of a second one this week but there are 3 very close consecutive strong R next to each other above the current levels so that looks very messy for next couple weeks without some FA that break all of them at once (or trigger shorts again on a rejection back of broken R...)

DAX and friends don't look healthy TA now...

We'll see

sisse
The FA isnt real healthy either.... from a longer term perspective.... I still dont see a good end for Germany in all of this... Im tryin... but it isnt happening...

as far as the DAX.. Siemens(who makes up over 10% of the DAX) cant get past the Mid 70's, BASF(also roughly 10% of the DAX) is locked under 50.. and the rest of the gang isnt lookin much better...
  • #23,048
  • Oct 7, 2011 10:41am Oct 7, 2011 10:41am
Quoting gatorinla
channel at 34066 atm
have to break this or a rejection to 4312ish atm
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those who can, do. those who cant, talk about those who can
  • #23,049
  • Oct 7, 2011 10:41am Oct 7, 2011 10:41am
Right! off for a few hours, got to get ready and go to work
goodluck all
C ya later
hk
  • #23,050
  • Oct 7, 2011 10:44am Oct 7, 2011 10:44am
Quoting gatorinla
have to break this or a rejection to 4312ish atm
pa says if you dont make a hh 3428 min after 3475
the posted fib channel will explain.. put the levels on it.. add the ones missing to the direction u want to know
those who can, do. those who cant, talk about those who can
  • #23,051
  • Oct 7, 2011 10:49am Oct 7, 2011 10:49am
Quoting Wulfgar
The FA isnt real healthy either.... from a longer term perspective.... I still dont see a good end for Germany in all of this... Im tryin... but it isnt happening...

as far as the DAX.. Siemens(who makes up over 10% of the DAX) cant get past the Mid 70's, BASF(also roughly 10% of the DAX) is locked under 50.. and the rest of the gang isnt lookin much better...
Excellent observation mate.

Agree not at all. CBs and Government pumping money like mad, real numbers received a huge boost today with NFP but in general are still trending down. More importantly banks problems are not cleared at all.

As I mentioned in the morning ".....the repetitive and ineffective abuse of economic policy since 2008 has prostituted monetary and fiscal policy. It is becoming less and less effective and it take only one small macro trigger to erase all the efforts, flushing with it all the money down the drain....shame for the waste of tax payer resources, and shame for the lack of leadership and ideas to solve the real problems.

For us traders, is becoming less difficult to read this now and is easier to adapt and ride both sides (the real moves and the free money moves)"

In simple words sell fear, buy free money is the name of the game until EZ debt is "cleared" short term and macro numbers start consistently pointing slightly up...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #23,052
  • Oct 7, 2011 10:59am Oct 7, 2011 10:59am
Quoting sisse
Excellent observation mate.

Agree not at all. CBs and Government pumping money like mad, real numbers received a huge boost today with NFP but in general are still trending down. More importantly banks problems are not cleared at all.

As I mentioned in the morning "[i].....the repetitive and ineffective abuse of economic policy since 2008 has prostituted monetary and fiscal policy. It is becoming less and less effective and it take only one small macro trigger to erase all the efforts, flushing with it all the money down the drain....shame...
great post

ya it really is the name of the game now. Money seems to just be moving in large violent moves driven by fear and/or policy makers consistantly changing fiscal decisions.... good example is the Gbp this week( 1trn$ of asset purchasing and after a quick squeeze the pair soars whereas typically it would put it under immense pressure)
  • #23,053
  • Oct 7, 2011 11:05am Oct 7, 2011 11:05am
Quoting Wulfgar
great post

ya it really is the name of the game now. Money seems to just be moving in large violent moves driven by fear and/or policy makers consistantly changing fiscal decisions.... good example is the Gbp this week( 1trn$ of asset purchasing and after a quick squeeze the pair soars whereas typically it would put it under immense pressure)
if it hasn't started yet 5678 looks promising gbp
those who can, do. those who cant, talk about those who can
  • #23,054
  • Oct 7, 2011 11:05am Oct 7, 2011 11:05am
Quoting Wulfgar
great post

ya it really is the name of the game now. Money seems to just be moving in large violent moves driven by fear and/or policy makers consistantly changing fiscal decisions.... good example is the Gbp this week( 1trn$ of asset purchasing and after a quick squeeze the pair soars whereas typically it would put it under immense pressure)
The last rally on the pound it went way out of my expectations. 1.53xx is a huge FA number (...check the sour discussion with Gator [just kidding Gator] early this week) I thought the weekly close breaking the key 1.53xx was a done deal (or at least a close around) but 1.562x!!! thats fck up ....

BTW, Fitch downgrade Italy....no shit where and when they decide to announced ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #23,055
  • Oct 7, 2011 11:06am Oct 7, 2011 11:06am
whut da fuck whus dat?

edit- so all three credit rating agencies are now singing from the same song sheet, encouraging for their credibility...
  • #23,056
  • Oct 7, 2011 11:07am Oct 7, 2011 11:07am
I agree with all of it. We are all blessed with the worst leaders at one of the worst times in financial history.
Quoting sisse
Excellent observation mate.

Agree not at all. CBs and Government pumping money like mad, real numbers received a huge boost today with NFP but in general are still trending down. More importantly banks problems are not cleared at all.

As I mentioned in the morning "[i].....the repetitive and ineffective abuse of economic policy since 2008 has prostituted monetary and fiscal policy. It is becoming less and less effective and it take only one small macro trigger to erase all the efforts, flushing with it all the money down the drain....shame...
  • #23,057
  • Oct 7, 2011 11:07am Oct 7, 2011 11:07am
this thread is useless.

still.


Hero calls followed by margin calls...
  • #23,058
  • Oct 7, 2011 11:07am Oct 7, 2011 11:07am
Quoting FibbinArchie
whut da fuck whus dat?
sorry bro, closed my shorts again.
Hero calls followed by margin calls...
  • #23,059
  • Oct 7, 2011 11:07am Oct 7, 2011 11:07am
Quoting FibbinArchie
whut da fuck whus dat?
not sure....but still holding my 83 sh...small so ll close it by the end of the day either way
  • #23,060
  • Oct 7, 2011 11:08am Oct 7, 2011 11:08am
Quoting sisse
The last rally on the pound it went way out of my expectations. 1.53xx is a huge FA number (...check the sour discussion with Gator [just kidding Gator] early this week) I thought the weekly close breaking the key 1.53xx was a done deal (or at least a close around) but 1.562x!!! thats fck up ....

BTW, Fitch downgrade Italy....no shit where and when they decide to announced ...

sisse

Ya i never expected the fuggin GU to explode that high either! crazy markets

I honestly was tryin to play it to the downside... If it decides to really go bonkers back to the 5695 Ill def look for some short entries... or sell it against anything else really... lol

ya just saw that downgrade.... great timing fitch! lol
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