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The Really Useless Thread

  • #48,881
  • Jan 19, 2012 8:14pm Jan 19, 2012 8:14pm
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  • #48,882
  • Edited 8:40pm Jan 19, 2012 8:22pm | Edited 8:40pm
Quoting attila
Excellent article if you have time. I can't find one single point to disagree on.

http://www.forbes.com/sites/louiswoo...-and-bailouts/
thanks, good read. High level and extremely eloquent argument for free markets. One point to disagree with:

Of course, the ultimate economic lie is our undefined, unstable, fiat dollar. A currency whose value is constantly changing not only represents a lie itself, but it turns all of the other participants in the economy into liars. This is because an unstable dollar causes all of the price signals flowing through the market to be distorted.

The dollar changes value precisely because its value is determined by a market. To stop it from doing this, you would have to regulate it (ie shut down the market) or replace it with something that wasn't subject to market forces. Gold wouldn't work because it has always been subject to market forces.
Kill the ego, or it will kill the mission.
  • #48,883
  • Edited 9:06pm Jan 19, 2012 8:47pm | Edited 9:06pm
exited short...

will try again on a move higher if and when, talk of large options expiry @ 3000 later today (friday)..
  • #48,884
  • Jan 19, 2012 8:57pm Jan 19, 2012 8:57pm
Quoting FibbinArchie
exited short...

will try again on a move higher if and when, talk of large options expiry @ 3000 later today..
settin up for a barrier battle
  • #48,885
  • Jan 19, 2012 9:04pm Jan 19, 2012 9:04pm
Quoting fxjawn
settin up for a barrier battle
lookin' that way, was gunning for a pull back to 2890 area first, but after sitting with it for hours and averaging the entry price with scalps, i just can't be arsed with it any more tonight, too tired...
  • #48,886
  • Jan 19, 2012 9:07pm Jan 19, 2012 9:07pm
Quoting fxjawn
settin up for a barrier battle
lol. i love these fuckers when they do this. they kind of cute.
  • #48,887
  • Jan 19, 2012 9:08pm Jan 19, 2012 9:08pm
Normally i'd be placing shorts for a daily play right now.... but, i'm only slightly suicidal.

Will need to see a confirmation bar more or less... because you just don't mess with this type of momentum.
  • #48,888
  • Jan 19, 2012 9:11pm Jan 19, 2012 9:11pm
Quoting Venice
Normally i'd be placing shorts for a daily play right now.... but, i'm only slightly suicidal.

Will need to see a confirmation bar more or less... because you just don't mess with this type of momentum.
good man.
  • #48,889
  • Jan 19, 2012 9:14pm Jan 19, 2012 9:14pm
Quoting pkimnyc
good man.
I don't remember the last trend reversal being this painful. lol.

Price went to a level, was rejected a few times then reversed.

I still think someone has shenanigans going on.
  • #48,890
  • Jan 19, 2012 9:17pm Jan 19, 2012 9:17pm
Quoting Venice
Normally i'd be placing shorts for a daily play right now.... but, i'm only slightly suicidal.

Will need to see a confirmation bar more or less... because you just don't mess with this type of momentum.
4hr Doji, spiner , got the 200sma slamer and waiting for next bar, don't look to heavy though.. Asia do not like dollars..GL!
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  • #48,891
  • Jan 19, 2012 9:22pm Jan 19, 2012 9:22pm
Will they let that spinner form on h4?
  • #48,892
  • Jan 19, 2012 9:26pm Jan 19, 2012 9:26pm
Quoting attila
Will they let that spinner form on h4?
you could look at it as, can't even manage a 20 pip pull back (so far) and we're half way through the asian session, frankie could fake, but don't have the mental stamina for it tonight...
  • #48,893
  • Jan 19, 2012 9:26pm Jan 19, 2012 9:26pm
Quoting FibbinArchie
you could look at it as, can't even manage a 20 pip pull back (so far) and we're half way through the asian session, frankie could fake, but don't have the mental stamina for it tonight...
I'm hosed too..
  • #48,894
  • Jan 19, 2012 9:28pm Jan 19, 2012 9:28pm
Quoting attila
I'm hosed too..
l8tr, reckon ny session could be interesting..
  • #48,895
  • Jan 19, 2012 9:40pm Jan 19, 2012 9:40pm
Quoting pkimnyc
lol. i love these fuckers when they do this. they kind of cute.
the grind gave it away
  • #48,896
  • Jan 19, 2012 9:42pm Jan 19, 2012 9:42pm
Quoting attila
I'm gettin hosed tonight too..his name is fred..
bro wtf???
  • #48,897
  • Jan 19, 2012 9:51pm Jan 19, 2012 9:51pm
Quoting fxjawn
bro wtf???
lol. case in point... can't think straight (no pun intended, lol). darn english language.
  • #48,898
  • Jan 19, 2012 9:55pm Jan 19, 2012 9:55pm
that h1 is ready for more up me thinks..
  • #48,899
  • Jan 19, 2012 9:59pm Jan 19, 2012 9:59pm
Quoting attila
lol. case in point... can't think straight (no pun intended, lol). darn english language.
  • #48,900
  • Jan 19, 2012 10:33pm Jan 19, 2012 10:33pm
morning..
Look Sharp/Trade Tight
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