The Really Useless Thread

interesting. nice thing being at university is knowing all the students who do a wide variety of subjects. just having a discussion now about fractals in a mathematical sense, with a buddy of mine.

how many trades today brother?

It wouldn't be hard to, say, apply a colored bias to a MA or similiar indicator. Maybe i'll make that a project for this up and coming weekend.

The very nature of this style always makes you one 'swing' behind. But it fits my trading style anyways. I never catch tops/bottoms. I do, however, let a bottom form then will be a buyer on the pullback.

10. but that includes scaling in

glad i got out when i did. a touch of 3344/45 should bring 3296 after bounce... opposite is 3445 with a mid at 3427

Same levels last 4-5 days

Edit: check from Nov 21

still...

3317 the mid...

3296 the swing low from early this morning..

well. I love precision. I mean I caught a few 1000+ pips with 6-8 pip stops. for me the goal is to not get stopped out.

for example the most recent trade I posted. with this level I could easily aim for 5321 again. well, in reality when the circumstances are right. when I get an entry, I get leverage against the markets. enter, break-even and then trail the profits.



40 pipis and counting

with a 5m close below 53?

got that close, but dont like that 3343 just below here, and its late for me, punt again.....heading out for a few hours, bb for the roll, good luck to all...PTL

Well no wonder i kept messing with them ... who would have thunk it could be that easy

S 69 as well

Im not sure how to take this......

1. The euro will not exist
2. smoke
3. The iRaqi dinar will save the world

ive been waiting for the euro to decouple from u.s. equity's. got a crack today

i don't know if i'll ever be a real dustbinner... got a dustbin running from 84 let's call it a dumpster...instead of a dustbin...)

guess this has to do with my lack of faith on my dustbinning. maybe when i dustbin better i will accept the dustbinners as i will be confident i can dustbin again...

to dustbin or not to dustbin, that is my question now...

These are the personal views of Peter Morici, a professor at the University of Maryland's Robert H. Smith School of Business and former chief economist at the U.S. International Trade Commission:


As Italy teeters on insolvency and the euro on collapse, European leaders are desperately seeking amendments to EU treaties that would legally limit national budget deficits. However, a new fiscal discipline would not address fundamental flaws in the euro architecture that caused Mediterranean states to become uncompetitive and borrow too much.

In the last week, Germany could not sell a significant share of a new bond offering, France and other stronger governments saw interest rates on their bonds rise to alarming levels, and European banks are scrambling to hold onto deposits and raise collateral to finance borrowing from the European Central Bank.

Capital markets are locking up because large institutional investors recognize what French President Sarkozy and German Chancellor Merkel seem unable to accept--the euro makes little sense.

When the euro was created, wages, private debts and government bonds were converted from national currencies into euro according to prevailing exchange rates at the end of 1998. To the extent those rates reasonably reflected market prices, the euro adequately priced labor, private contracts and public debt across borders.

Unfortunately, those cross-border relationships change over time. Member states in the currency union have labor-market policies, tax systems and social programs that vary more widely than those of the 50 U.S. states. As productivity and investment grew more rapidly in Germany and other strong economies, labor and exports became overpriced in Greece, Italy and other troubled economies.

Generally, the ECB has not intervened in foreign-exchange markets and the value of the euro has tended to reflect wages, productivity and economic strength of the 17 euro countries as a whole. The upshot--the euro is undervalued for the German economy, making it an export juggernaut, and woefully overvalued for Greece, Italy and other Mediterranean countries, making them debtor states.

For the latter, imports were financed by private borrowing from stronger EU states--Mediterranean-country banks financed some mortgages and consumer debt by borrowing from German and French banks--and by governments borrowing from abroad; Mediterranean states sold bonds to German and French banks.

Sovereign borrowing shored up social programs made expensive by less-productive private sectors and padding public payrolls to hide unemployment. Now these governments owe more than they can repay under any reasonable scenario for European growth rates and future borrowing costs.

Austerity and loans from Germany, France and other strong governments won't help. To pay what they owe, even with large haircuts for private creditors, Greece, Italy and other troubled economies must earn euro by exporting much more than they import. However, the structure of the euro zone leaves their labor and exports too overpriced, unless they endure tortuous recessions for five or 10 years to sharply push down wages. Even such deflation may not be enough to make their economies competitive.

The draconian austerity prescribed by Germany would leave those economies with insufficient infrastructure and outdated private capital. No matter how much wages fell, those handicaps would keep overall productivity too low for exports to be competitive.

The only sane option is for Greece, Italy and other troubled economies to reform social programs, drop the euro, remark public and private debt to the reestablished national currencies, and let falling values for those currencies in foreign-exchange markets impose haircuts on creditors.

Devaluation would permit the Mediterranean economies to increase exports and repay more of what they owe. The losses imposed on creditors by devaluation would be much less than the losses they will endure in the panic building in European capital markets and long recession that now appears inevitable.

Prior to the euro, the EU enjoyed much success facilitating intra-continental trade, and an orderly demise of the failed experiment in a common currency could permit the EU to hang together.

If Germany and France continue to cling to the myth the euro is essential to European unity, the EU will likely collapse altogether in the acrimony of the sovereign defaults and bank failures that follows.


The author can be reached at [email protected]


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(MORE TO FOLLOW) Dow Jones Newswires

November 28, 2011 11:13 ET (16:13 GMT)

and this is the message that reaches my 2 neurons:

"hang........on..........to.........your..........dustbin.....shorts.....you.....fucking.......greeedy.....bastard......"

lol. Bounce first, then we'll head down

3335 important not broken for at least the channel low 3308 ,15, 00 & trying to bull , may be breaks 3353 will take as such action .bull at top but already bear continued , may do anytime perhaps for better failure next time ,smooth & may be trying protect 35 . waiting before the close, this time no better entry though .
fontu

and this one was a lower low. as long as it's not a flag guess we're ok.