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The Really Useless Thread

  • #38,821
  • Dec 7, 2011 4:05am Dec 7, 2011 4:05am
Quoting AaronWard
It was pretty stupid for the EZ to set up a monetary system without a lender of last resort. But my key point that participation by the IMF or lack of it is just noise. Foreign CBs are willing to step in and that should do the trick.
Yeap agree.

Not sure CBs will be enough if debt get out of control to the private sector. Last case (2008) didn't set a good example for them ...we'll see

In any case, 1.344x hold again in H4. 4th failed attempt to break it in equal number of days ...TA was not enough so it will need something else (FA) to crack it...

Another leg down on the making intraday still looks soft (as long as is above 1.340x) but a 4th failed test is good enough for that level and bulls are starting to run out of steam ....on the other side a 4th test of the bottom of the range 1.334x will open some crack too on the floor.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #38,822
  • Dec 7, 2011 4:12am Dec 7, 2011 4:12am
Quoting sisse

Not sure CBs will be enough if debt get out of control to the private sector. Last case (2008) didn't set a good example for them ...we'll see

In any case, 1.344x hold again in H4. 4th failed attempt to break it in equal number of days ...TA was not enough so it will need something else (FA) to crack it...
Lets hope. I would prefer a Euro that trends south slowly for 2-3 years than one that crashes for 2-3 months.

Yeah, charts in all time frames are looking either like a range or a bear. Lots of potential FA bombs this week. Most of the scheduled ones have strong bullish potential.
Kill the ego, or it will kill the mission.
  • #38,823
  • Dec 7, 2011 4:27am Dec 7, 2011 4:27am
Quoting PayTheLimit
guess with that break of 3430, shouldn't be surprised to see 3375/80 tested...bastards..
h4 swing low closes man - friday and yesterday - keeping it up - thing is with friday - theres only 25 pips between the swing high close and the low close
  • #38,824
  • Dec 7, 2011 4:28am Dec 7, 2011 4:28am
Quoting AaronWard

Most of the scheduled ones have strong bullish potential.
Indeed, and as a long right now, I am begining to wonder what type of expectations are starting to be built in. What ,if you will, are the bastards expecting to hear?
Look Sharp/Trade Tight
  • #38,825
  • Dec 7, 2011 4:40am Dec 7, 2011 4:40am
Quoting PayTheLimit
Indeed, and as a long right now, I am begining to wonder what type of expectations are starting to be built in. What ,if you will, are the bastards expecting to hear?
Difficult to decode what they are looking for. My guess is also that a good chunk of the real money is on the sidelines until January which of course will exaggerate the strength of the reactions (to any side).

We have ECB opening the fireworks too but expect less reaction on the interest rate than in the comments and slips for the weekend...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #38,826
  • Dec 7, 2011 4:40am Dec 7, 2011 4:40am
negative tweet just there me thinks..
Look Sharp/Trade Tight
  • #38,827
  • Dec 7, 2011 4:44am Dec 7, 2011 4:44am
Quoting PayTheLimit
What if you will, are the bastards expecting to hear?
"Presenting Angela Merkel - brand new unelected president of the United States of Europe"
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  • #38,828
  • Dec 7, 2011 4:44am Dec 7, 2011 4:44am
bend over this tweet won't hurt a bit
"If The Fool persists in his Folly he will become wise." - William Blake
  • #38,829
  • Dec 7, 2011 4:46am Dec 7, 2011 4:46am
morning addicts.

Quoting The Fool
bend over this tweet won't hurt a bit
dreams do come true.
  • #38,830
  • Dec 7, 2011 4:47am Dec 7, 2011 4:47am
Quoting The Fool
bend over this tweet won't hurt a bit
Look Sharp/Trade Tight
  • #38,831
  • Dec 7, 2011 5:04am Dec 7, 2011 5:04am
Quoting PayTheLimit
looks heavy against 9250/62, below I note 9197, above 9318, from way back, March 9th...
its open now chaz..
Look Sharp/Trade Tight
  • #38,832
  • Dec 7, 2011 5:11am Dec 7, 2011 5:11am
Quoting PayTheLimit
its open now chaz..
there's an I H&S in play I think - H4
  • #38,833
  • Dec 7, 2011 5:12am Dec 7, 2011 5:12am
Quoting PayTheLimit
its open now chaz..
but 9275, the swing high from yest held last hour, so do you pass?
Look Sharp/Trade Tight
  • #38,834
  • Dec 7, 2011 5:12am Dec 7, 2011 5:12am
Quoting The Fool
bend over this tweet won't hurt a bit
No news/reports today in a "thin" market so tweets will rule (TA in general) and US can open the lows of the range just to tease (early bulls trap) and test the under waters for later.

US opening in control but just out of common sense it looks that both sides of the range are option protected...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #38,835
  • Dec 7, 2011 5:24am Dec 7, 2011 5:24am
Quoting PayTheLimit
but 9275, the swing high from yest held last hour, so do you pass?
?
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Look Sharp/Trade Tight
  • #38,836
  • Dec 7, 2011 5:27am Dec 7, 2011 5:27am
Quoting PayTheLimit
?
Not taking anything in CHF until euro resolution. Tempting very tempting level above that. A mediocre resolution of the euro problems will make me buy to parity but only with daily/weekly combo break. A strong good or no resolution at all will make buy too but at daily support not on the higs (break)...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #38,837
  • Dec 7, 2011 5:28am Dec 7, 2011 5:28am
Quoting PayTheLimit
but 9275, the swing high from yest held last hour, so do you pass?
kinda passed already with a eu long at 380 sl 350
  • #38,838
  • Dec 7, 2011 5:30am Dec 7, 2011 5:30am
Quoting chazzle
kinda passed already with a eu long at 380 sl 350
Look Sharp/Trade Tight
  • #38,839
  • Dec 7, 2011 5:32am Dec 7, 2011 5:32am
Quoting sisse
Not taking anything in CHF until euro resolution. Tempting very tempting level above that. A mediocre resolution of the euro problems will make me buy to parity but only with daily/weekly combo break. A strong good or no resolution at all will make buy too but at daily support not on the higs (break)...

sisse
9158 is a big daily level for me, have anything down that way?
Look Sharp/Trade Tight
  • #38,840
  • Dec 7, 2011 5:33am Dec 7, 2011 5:33am
just briefly stopping by.. holiday time for me. not really a holiday, but not trading..
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