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The Really Useless Thread

  • #38,761
  • Dec 7, 2011 1:25am Dec 7, 2011 1:25am
3429, last hours mid...
Look Sharp/Trade Tight
  • #38,762
  • Dec 7, 2011 1:26am Dec 7, 2011 1:26am
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 stop taking my damn money tonight would ya?
  • #38,763
  • Dec 7, 2011 1:27am Dec 7, 2011 1:27am
Quoting AaronWard
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?
I trade A/U, but A/U is m/l the downunder E/U. I will play A/U one way and E/U the other typically unless I am just scalping & then I will play E/U for the better spread. I have no bias really & would be fine shorting the euro but the CB-backed long moves pay just as well until they don't.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #38,764
  • Dec 7, 2011 1:27am Dec 7, 2011 1:27am
Im a lazy bastard

I just signed up for this site

www.getabstract.com

because I like reading finance and maco econ books and stuff... but I hate how much time it takes to pour through some of those tomes
  • #38,765
  • Dec 7, 2011 1:28am Dec 7, 2011 1:28am
Quoting The Fool
I trade A/U, but A/U is m/l the downunder E/U. I will play A/U one way and E/U the other typically unless I am just scalping & then I will play E/U for the better spread. I have no bias really & would be fine shorting the euro but the CB-backed long moves pay just as well until they don't.
I am lookin for another possible bounce at 1.29xx on the Eur/AUD
  • #38,766
  • Dec 7, 2011 1:30am Dec 7, 2011 1:30am
Quoting Wulfgar
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...
Morning all,

I highly recommend reading Wolf's (Financial Times) latest article (especially for those FA newbie lurkers at the bottom of the thread that want to find facts and less BS): "Merkozy failed to save the eurozone"

Probably the best article written about the EZ debt in a long time. Clear, technical and without the mumbojumbo of both side (EZ politicians and emotional euro/EU doomers),

TA wise only one intraday level to track 1/344x and only one for the daily: daily R @ 1.351x which is momentum line for the long side in my books....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #38,767
  • Dec 7, 2011 1:31am Dec 7, 2011 1:31am
Quoting USD-Bear
nice start closed -6
I watching too, waiting trigger for entry
Was fair call, only wicks lately above entry, rr is acceptable, maybe need more wriggle room, nice pips above or below
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If you are new to Forex? Say Goodbye to your account!!
  • #38,768
  • Dec 7, 2011 1:31am Dec 7, 2011 1:31am
Quoting Wulfgar
well stop taking my damn money tonight would ya?
hey don't look at me PTL is sitting on the money trade i'm still just scalping 10's. missed any big legs pretty hard to find....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #38,769
  • Dec 7, 2011 1:33am Dec 7, 2011 1:33am
Quoting sisse
Morning all,


TA wise only one intraday level to track 1/344x and only one for the daily: daily R @ 1.351x which is momentum line for the long side in my books....

sisse
I wish I had only one level to track...

morning bastard...
Look Sharp/Trade Tight
  • #38,770
  • Edited 1:49am Dec 7, 2011 1:36am | Edited 1:49am
Quoting Wulfgar
I am lookin for another possible bounce at 1.29xx on the Eur/AUD
I am looking at it now. They want me to pay in Yen

Lol quoted wrong post. I am looking at the summaries website.
Kill the ego, or it will kill the mission.
  • #38,771
  • Dec 7, 2011 1:39am Dec 7, 2011 1:39am
Quoting Wulfgar
I am lookin for another possible bounce at 1.29xx on the Eur/AUD
have a look at GBP/AUD, sitting right near a key level, well for me anyway, 5180...
Look Sharp/Trade Tight
  • #38,772
  • Dec 7, 2011 1:48am Dec 7, 2011 1:48am
Quoting PayTheLimit
I wish I had only one level to track...

morning bastard...
...well I should have been more specific, one level intraday to track "closely in the sessions openings" today.....

...morning bro...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #38,773
  • Dec 7, 2011 1:53am Dec 7, 2011 1:53am
Quoting sisse
Morning all,

I highly recommend reading Wolf's (Financial Times) latest article (especially for those FA newbie lurkers at the bottom of the thread that want to find facts and less BS): "Merkozy failed to save the eurozone"

Probably the best article written about the EZ debt in a long time. Clear, technical and without the mumbojumbo of both side (EZ politicians and emotional euro/EU doomers),

TA wise only one intraday level to track 1/344x...
Hey Sisse,

A couple of questions.

1. What is the "external adjustment" the article refers to?
2. How is the EFSF functionally different from Eurobonds? I mean, the EFSF issue bonds sold to the public which are backed by the joint promise of a variety of Euro governments. Further, these bonds are used to purchase debt of European governments.
Kill the ego, or it will kill the mission.
  • #38,774
  • Dec 7, 2011 1:54am Dec 7, 2011 1:54am
Quoting The Fool
hey don't look at me PTL is sitting on the money trade i'm still just scalping 10's. missed any big legs pretty hard to find....
well ive come to expect it from ptl... he is a real bastard
  • #38,775
  • Dec 7, 2011 1:55am Dec 7, 2011 1:55am
Quoting PayTheLimit
have a look at GBP/AUD, sitting right near a key level, well for me anyway, 5180...
ya im keeping a close eye on that too... my number is 5190...
  • #38,776
  • Dec 7, 2011 1:56am Dec 7, 2011 1:56am
Quoting sisse
Morning all,

I highly recommend reading Wolf's (Financial Times) latest article (especially for those FA newbie lurkers at the bottom of the thread that want to find facts and less BS): "Merkozy failed to save the eurozone"

Probably the best article written about the EZ debt in a long time. Clear, technical and without the mumbojumbo of both side (EZ politicians and emotional euro/EU doomers),

TA wise only one intraday level to track 1/344x...
Sisse... FT hates me right now and wont let me read the article... can u post it up or summarize it?
  • #38,777
  • Dec 7, 2011 1:57am Dec 7, 2011 1:57am
Quoting AaronWard
I am looking at it now. They want me to pay in Yen

Lol quoted wrong post. I am looking at the summaries website.
I was confused briefly there...
lol
  • #38,778
  • Dec 7, 2011 1:59am Dec 7, 2011 1:59am
Quoting PayTheLimit

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...
looking for one of these to give the next clue...
Look Sharp/Trade Tight
  • #38,779
  • Dec 7, 2011 2:00am Dec 7, 2011 2:00am
and 3443 is frakies mid...
Look Sharp/Trade Tight
  • #38,780
  • Dec 7, 2011 2:08am Dec 7, 2011 2:08am
Quoting PayTheLimit
looking for one of these to give the next clue...

major numbers to the downside for todays session are 3400 and 3328 in my book

upside the 3450 is obvious then the 3545 area like ur sayin PTL...
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