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The Really Useless Thread

  • #38,741
  • Dec 6, 2011 11:05pm Dec 6, 2011 11:05pm
Quoting fontu
Morning PTL . hope all ok .
what think not happen first , daily tf come for the rescue, breakout at last & more complex pa .so waiting another bo at 3419 .
fontu
morning fontu..

still using 3363/76 as my key support area for today...above the market I have 3430, then 3455, before the big resistance at 3518/41..good luck today, PTL...
Look Sharp/Trade Tight
  • #38,742
  • Dec 6, 2011 11:08pm Dec 6, 2011 11:08pm
Quoting PayTheLimit
morning...

hey brother... u still rollin long?
  • #38,743
  • Dec 6, 2011 11:18pm Dec 6, 2011 11:18pm
Quoting Wulfgar
hey brother... u still rollin long?
indeed, for the rest of the year...
Look Sharp/Trade Tight
  • #38,744
  • Dec 6, 2011 11:37pm Dec 6, 2011 11:37pm
Quoting PayTheLimit
indeed, for the rest of the year...
righteous my man... Ill be the guy on the other side of those longs most likely

any particular reason for the logic? or just countin on the ole satan claus rally?
  • #38,745
  • Dec 6, 2011 11:43pm Dec 6, 2011 11:43pm
Quoting PayTheLimit
morning fontu..

still using 3363/76 as my key support area for today...above the market I have 3430, then 3455, before the big resistance at 3518/41..good luck today, PTL...
Thanks , take the worst first then with 3 drives up H4 tf & daily reversal attempt but last chance for it success or another failure without breaks & hold 3530,48 ,3606 or more upper levels like 4080,4243 or 4500 + . anyway more ranging at least possible .
lets see how far to have short work better before go for the true reversal .heartless invention works should fuse much earlier 3485,3500.

QQE monthly strikingly remain crossed 50 , weekly, daily below & flat , H4 posing break up 50 , H1 already yesterday & remain up .
yesterday doji, star daily may heat up today . lets see .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #38,746
  • Dec 6, 2011 11:43pm Dec 6, 2011 11:43pm
Quoting Wulfgar
righteous my man... Ill be the guy on the other side of those longs most likely

any particular reason for the logic? or just countin on the ole satan claus rally?
gut feeling mostly bro...lots of negative news, and a market that really doesnt wanna break..
Look Sharp/Trade Tight
  • #38,747
  • Dec 6, 2011 11:44pm Dec 6, 2011 11:44pm
Quoting PayTheLimit
gut feeling mostly bro...lots of negative news, and a market that really doesnt wanna break..

no i hear ya.... somethin seems to really be defending it.... since with all this neg news this thing really should be deep in the 1.2's

pretty strange to be honest with you...
  • #38,748
  • Dec 6, 2011 11:52pm Dec 6, 2011 11:52pm
morning,

trying an AU short @ 1.0269

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Don't be a hero. Don't have an ego. Always question yourself
  • #38,749
  • Dec 7, 2011 12:14am Dec 7, 2011 12:14am
Quoting USD-Bear
morning,

trying an AU short @ 1.0269

Attachment
nice start closed -6
Don't be a hero. Don't have an ego. Always question yourself
  • #38,750
  • Dec 7, 2011 12:18am Dec 7, 2011 12:18am
little breakout happening....

jeez easy enough to see right? everyone and their brother is lookin long here

im gonna be curious to see if today just isnt a massive risk rally as everyone prices in the EU hopium in spite of the impending rate cut and easing by Draghi and the ECB
  • #38,751
  • Dec 7, 2011 12:31am Dec 7, 2011 12:31am
Quoting Wulfgar
im gonna be curious to see if today just isnt a massive risk rally as everyone prices in the EU hopium in spite of the impending rate cut and easing by Draghi and the ECB
Gravy train brah. too big to fail, refuse to lose, failure not an option, and things of dis nature.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #38,752
  • Edited 1:23am Dec 7, 2011 12:39am | Edited 1:23am
Just following it , 5th end or 1 of it .if 1/5 bo top 3441 to go up or no, break 3412 & 3360 .
fontu
done up , but this is one last leg up before correction, 3463 so far wave 3 & one more leg up towards 80 or breaks below 41 again may be done to start myself
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #38,753
  • Dec 7, 2011 12:41am Dec 7, 2011 12:41am
Quoting Wulfgar
no i hear ya.... somethin seems to really be defending it.... since with all this neg news this thing really should be deep in the 1.2's

pretty strange to be honest with you...
I think that something is the CBs & Governments. Not with direct intervention as per the Swissy or the Yen, but with well timed news. Every time things look hopeless, out they come with some hope. That is why although the Euro is clearly trending down, it is doing it at a much more reasonable pace than in 2008 and 2010.

When I look at the big picture (ie not my bank account) I see this as good. The insane 3000+ swings of 2008 and 2010 are bad for everybody except traders on the right side of the trade. If you are an exporter working with a 10% profit margin, you might as well close up shop with a 25% currency fluctuation if it goes against you.
Kill the ego, or it will kill the mission.
  • #38,754
  • Dec 7, 2011 12:56am Dec 7, 2011 12:56am
Quoting The Fool
Gravy train brah. too big to fail, refuse to lose, failure not an option, and things of dis nature.
http://i281.photobucket.com/albums/k...otos/11288.gif
  • #38,755
  • Dec 7, 2011 12:58am Dec 7, 2011 12:58am
Quoting AaronWard
I think that something is the CBs & Governments. Not with direct intervention as per the Swissy or the Yen, but with well timed news. Every time things look hopeless, out they come with some hope. That is why although the Euro is clearly trending down, it is doing it at a much more reasonable pace than in 2008 and 2010.

When I look at the big picture (ie not my bank account) I see this as good. The insane 3000+ swings of 2008 and 2010 are bad for everybody except traders on the right side of the trade. If you are an exporter working with a...
No doubt that helps to explain the inexplicable rumor mill...

I wouldnt doubt its all contrived at some level

just like this EU summit proposal.... no matter what it is it still needs ratification from alll members... ... in march

so again they buy the Euro more time with hopium that even if the proposed treaty sucks.... it can stay alive for another 3 months or so...
  • #38,756
  • Dec 7, 2011 12:58am Dec 7, 2011 12:58am
Quoting AaronWard
When I look at the big picture
when you look at the big picture, are things really that much different in the EZ now as opposed to 5 weeks ago when e/u was at 1.42, or 3 months ago when it was at 1.45?

if the technocrats' fiscal refoms are taking hold you might argue things are better.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #38,757
  • Dec 7, 2011 12:59am Dec 7, 2011 12:59am
Quoting The Fool
when you look at the big picture, are things really that much different in the EZ now as opposed to 5 weeks ago when e/u was at 1.42, or 3 months ago when it was at 1.45?

if the technocrats' fiscal refoms are taking hold you might argue things are better.
if anything things are better in the US

they are still absolute shit in Europe
  • #38,758
  • Dec 7, 2011 1:11am Dec 7, 2011 1:11am
Quoting The Fool
when you look at the big picture, are things really that much different in the EZ now as opposed to 5 weeks ago when e/u was at 1.42, or 3 months ago when it was at 1.45?

if the technocrats' fiscal refoms are taking hold you might argue things are better.
Big picture changes since August

1. US economy is now looking good
2. Euro economy is looking worse (higher unemployment + recession expected by officials )
3. One surprise rate cut, more expected
4. Italian bonds broke key 7.0%
5. QE in the form of probably 100B Euros in unsterilized bond buying
6. Massive QE in Great Britain
7. Greater austerity everywhere
8. Decoupling (well less coupling really) of Euro with risk assets
9. A couple failures of financial institutions
10. Several near failures of the financial system
11. Freeze of interbank liquidity
12. Possible avoidance of a global bear market in Equities
13. Anti QE rhetoric from Fed
14. Greek default of 50%
15. Tricky language to negate use of CDS

Only 1 & 12 are potentially Euro positive. But both can be argued either way. 13 is a case of mixed signals.

In fact, the only real things the Euro has going for it that is 100% bullish the determination of the Fed to devalue the USD and the determination of everybody to prop up equity markets.
Kill the ego, or it will kill the mission.
  • #38,759
  • Dec 7, 2011 1:15am Dec 7, 2011 1:15am
Quoting Wulfgar
if anything things are better in the US
they are still absolute shit in Europe
expounding on the the degrees of suckiness is not my forte. i only know they suck almost everywhere. there's still almost no yield in the usd & until Draghi cuts the eur down to .5 or so the usd will get sold for risk asset plays and the eur will get sold when there's panic in th air anyway thats my game plan and i'm stickin to it until it doesn't pay anymore
"If The Fool persists in his Folly he will become wise." - William Blake
  • #38,760
  • Dec 7, 2011 1:18am Dec 7, 2011 1:18am
Quoting The Fool
expounding on the the degrees of suckiness is not my forte. i only know they suck almost everywhere. there's still almost no yield in the usd & until Draghi cuts the eur down to .5 or so the usd will get sold for risk asset plays and the eur will get sold when there's panic in th air anyway thats my game plan and i'm stickin to it until it doesn't pay anymore
Well, I know your game plan. Make me feel bad with every trade I make.

Wouldn't playing the AUD/USD be a better risk on/risk off playmate?
Kill the ego, or it will kill the mission.
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