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The Really Useless Thread

  • #37,101
  • Nov 30, 2011 3:58am Nov 30, 2011 3:58am
Quoting sisse
Are you holding longs bro?

sisse

G M


whats u levels on es we are under 1195 now
  • #37,102
  • Nov 30, 2011 3:59am Nov 30, 2011 3:59am
Quoting sisse
Are you holding longs bro?

sisse
was, just got flatski..
Look Sharp/Trade Tight
  • #37,103
  • Nov 30, 2011 4:01am Nov 30, 2011 4:01am
Quoting kill56
G M


whats u levels on es we are under 1195 now
Technically yesterday close opened 1226 for this week. However the mass downgrade took place when markets were close so I will have to play any longs with reports / NY opening range later. A bit early for the intrday levels...we'll see later

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #37,104
  • Nov 30, 2011 4:04am Nov 30, 2011 4:04am
Quoting PayTheLimit
was, just got flatski..
here is an ashtray for you..

Attached Image
  • #37,105
  • Nov 30, 2011 4:05am Nov 30, 2011 4:05am
Quoting darimik
here is an ashtray for you..

Attachment

lol, nice..
Look Sharp/Trade Tight
  • #37,106
  • Nov 30, 2011 4:08am Nov 30, 2011 4:08am
aussie 30min bear flag tucked under parity just getting pierced, pay to cautious longs only pierce ,if she go she might go hard
If you are new to Forex? Say Goodbye to your account!!
  • #37,107
  • Nov 30, 2011 4:11am Nov 30, 2011 4:11am
last hours mid..3289
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #37,108
  • Nov 30, 2011 4:20am Nov 30, 2011 4:20am
Quoting sisse
On the FA side, Germany is a fantastic case for economic textbooks. In the worse crisis ever, with the whole world flirting to collapse, bankd downgrade, risk, etc, etc and they manage to print fantastic unemployment numbers (thats why the small rally this morning).... While the US and UK for example keep printing and devaluing like mad and only benefiting the stock markets while unemployment ticks UP, the fiscal & monetary responsible (and even stubborn for some) Germany reduce unemployment ....


A lesson (only in that side) for the rest of the...
well "everybody" says the ECB will have to print to get the zone out of its mess and Germany says naw, homie don't play dat, but the mixture of fiscal austerity and massive unemployment/uncompetitiveness in various sunny corners is poison and sooner or later die Deutche will taste that if they don't change their tune. I know there are stark historical underpinnings to the anti-QE Weltschauanung in Germany but Angela et al will have to decide whether or not they want to be right or be broke. I sure as shit am glad I'm not in politics...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #37,109
  • Nov 30, 2011 4:25am Nov 30, 2011 4:25am
executed a short on dax
  • #37,110
  • Nov 30, 2011 4:26am Nov 30, 2011 4:26am
Quoting The Fool
well "everybody" says the ECB will have to print to get the zone out of its mess and Germany says naw, homie don't play dat, but the mixture of fiscal austerity and massive unemployment/uncompetitiveness in various sunny corners is poison and sooner or later die Deutche will taste that if they don't change their tune. I know there are stark historical underpinnings to the anti-QE Weltschauanung in Germany but Angela et al will have to decide whether or not they want to be right or be broke. I sure as shit am glad I'm not in politics...
fool, did I tell you that I hate forex yet...
Look Sharp/Trade Tight
  • #37,111
  • Nov 30, 2011 4:28am Nov 30, 2011 4:28am
Quoting The Fool
well "everybody" says they ECB will have to print to get the zone out of its mess and Germany says naw, homie don't play dat, but the mixture of fiscal austerity and massive unemployment/uncompetitiveness in various sunny corners is poison and sooner or later die Deutche will taste that if they don't change their tune. I know there are stark historical underpinnings to the anti-QE Weltschauanung in Germany but Angela et al will have to decide whether or not they want to be right or be broke. I sure as shit am glad I'm not in politics...
Yeap. Agree, You just defined. That's the price to pay to be in a monetary union without a fiscal one so they have to decide.

From what it seems in latest developments, Greece and Portugal are pretty much disposable. The only thing stopping that trigger is not having the legal and political framework within the EU/EZ to avoid contagion and collateral damage in the EU as a whole. Next week meeting will be telling in that sense but the details will come in march (kicking the can, one more time).

Let see if markets get distracted with December rally in stocks and give the EZ a new deadline for next quarter.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #37,112
  • Nov 30, 2011 4:32am Nov 30, 2011 4:32am
Quoting KiwiTrada
aussie 30min bear flag tucked under parity just getting pierced, pay to cautious longs only pierce ,if she go she might go hard
1st try little bounce now is 2nd try
If you are new to Forex? Say Goodbye to your account!!
  • #37,113
  • Nov 30, 2011 4:32am Nov 30, 2011 4:32am
Quoting sisse
Yeap. Agree, You just defined. That's the price to pay to be in a monetary union without a fiscal one so they have to decide.

From what it seems in latest developments, Greece and Portugal are pretty much disposable. The only thing stopping that trigger is not having the legal and political framework within the EU/EZ to avoid contagion and collateral damage in the EU as a whole. Next week meeting will be telling in that sense but the details will come in march (kicking the can, one more time).

Let see if markets get distracted with...
sucks for the people with EUR mortgages I guess..
  • #37,114
  • Nov 30, 2011 4:36am Nov 30, 2011 4:36am
are we open yet...
Look Sharp/Trade Tight
  • #37,115
  • Nov 30, 2011 4:46am Nov 30, 2011 4:46am
Quoting darimik
sucks for the people with EUR mortgages I guess..
Oh yeah. People with mortgages and small business with loans will suffer the most in those countries.

Despite the noise in the mass media, the thing is like in anything else in the modern world, rich will be rich. In the case of a euro break up, the struggling economies will suffer the most while the rich and solid ones will manage to move on after the initial short term problems.

There is a misconception that the problems in these countries will be gone if they leave the Euro.

They have such a deep economic unbalances and macro problems that the solutions for them are beyond a currency or monetary policy. Corruption, lack of competitiveness, lack of innovation, sluggish economic sectors, huge public debts and public sector cost, etc ,etc etc are not solve by having the ability to print money. On the contrary, without access to credit (imagining who is going to lend to Greece in the next 40 years with Drachma as collateral) and inflation trough the rough after the initial devaluation if they leave the euro. This will put them another 25 year back in the process.

However, is also true that a Euro break up may not be catastrophic for most of the EZ solid and stable ones in the mid term. The problem is in the double dip fears that can be triggered via the banking sector....but if they manage to "solve" that part.....rich will be rich with or without the euro...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #37,116
  • Nov 30, 2011 4:54am Nov 30, 2011 4:54am
Quoting PayTheLimit
are we open yet...

Hang on bro , price is still below my crack.

If I move forward the crack is at 3295 , if I move back a bit , the crack is at 3305.

It is that crack on my monitor from the last time I hit the thing.

Works great as a trending indi so I have not replaced the screen
" Never let the past hold the future to ransom "
  • #37,117
  • Nov 30, 2011 4:59am Nov 30, 2011 4:59am
Quoting Gleneagles
Hang on bro , price is still below my crack.

If I move forward the crack is at 3295 , if I move back a bit , the crack is at 3305.

It is that crack on my monitor from the last time I hit the thing.

Works great as a trending indi so I have not replaced the screen
lol, nice indie, you have one at 3275 too dont ya...
Look Sharp/Trade Tight
  • #37,118
  • Nov 30, 2011 5:00am Nov 30, 2011 5:00am
Quoting PayTheLimit
lol, nice indie, you have one at 3275 too dont ya...
right , how did you know, if I move real close it is around there
" Never let the past hold the future to ransom "
  • #37,119
  • Nov 30, 2011 5:00am Nov 30, 2011 5:00am
Quoting darimik
executed a short on dax
putting dax on BE now... it spiked just a little earlier:/

with eu I am looking for 3210 on todays chart. I also got 3195 on the daily.

Attached Image (click to enlarge)
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Attached Image
  • #37,120
  • Nov 30, 2011 5:02am Nov 30, 2011 5:02am
Quoting darimik
putting dax on BE now... it spiked just a little earlier:/

with eu I am looking for 3210 on todays chart. I also got 3195 on the daily.

Attachment

Attachment
and it got my stop, so out for 0 bastards
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