The Really Useless Thread | Page 2460 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Really Useless System 25 replies

Bloomberg: VIX Indicator useless for forecasting the direction of equity prices 0 replies

The Really Really Boring Forex System 97 replies

Attachments: The Really Useless Thread
Exit Attachments

The Really Useless Thread

  • #49,181
  • Jan 22, 2012 10:29am Jan 22, 2012 10:29am
dam the queen in the room
  • #49,182
  • Jan 22, 2012 10:38am Jan 22, 2012 10:38am
Quoting FibbinArchie
best not to, people may not get the irony of it and may take offence... kkk is a sensitive subject to say the least...
lol yes i did not even know what u were talking about... i wanted to post the one once where dave chapelle was playing a black white suprimist funny shit but to many sensitive nancy's in this world
  • #49,183
  • Jan 22, 2012 10:52am Jan 22, 2012 10:52am
Quoting kill56
dammmmmm

its not friday bro what the heck u doing here :d

hope u had a sexy weekend
i live in different world today is friday...not weekend.lol
MY OPINION NOT FINANCIAL ADVISE
  • #49,184
  • Jan 22, 2012 10:56am Jan 22, 2012 10:56am
Quoting The Fool
ron paul is a fuckin nut. it just depesses the hell out of me to see his regressive shitstain of "ideas" packaged as somehow "progressive". sure he has been consistent but if he were totally consistent he'd get up on stage in full white robe and hood cuz that's who he really is.
He is a ghost??
  • #49,185
  • Jan 22, 2012 10:58am Jan 22, 2012 10:58am
Quoting fxjawn
lol yes i did not even know what u were talking about... i wanted to post the one once where dave chapelle was playing a black white suprimist funny shit but to many sensitive nancy's in this world
Lol that skit was some funny shit

What's ur outlook for the week bro? We got some major movers comin down the pipe..
  • #49,186
  • Jan 22, 2012 11:06am Jan 22, 2012 11:06am
Quoting Wulfgar
Lol that skit was some funny shit

What's ur outlook for the week bro? We got some major movers comin down the pipe..
nobody listen's to me its pointless wasting my breath....

i pretty much had it on point last week... about a week and a half ago i told ya "see u at 3000" sorry i was like 14 pips off... my bad..

we hit the 2980is stop level so on fri it looked like we were headed back up to retest the level...

so im kinda lost at the moment... i guess news will be the key ... for now a retest of the top is in order...


kinda looks like we may open lower
  • #49,187
  • Jan 22, 2012 11:16am Jan 22, 2012 11:16am
Quoting fxjawn
nobody listen's to me its pointless wasting my breath....

i pretty much had it on point last week... about a week and a half ago i told ya "see u at 3000" sorry i was like 14 pips off... my bad..

we hit the 2980is stop level so on fri it looked like we were headed back up to retest the level...

so im kinda lost at the moment... i guess news will be the key ... for now a retest of the top is in order...


kinda looks like we may open lower
Ya timing is always key.... As u know i def know... And even a Lil miss timing can cost an intraday trader his ass( like when I jumped the gun early on those swissy longs a few months back)

I agree with ya though... Market seems ripe to consolidate after the up move waiting for this Greek thing, fomc, and the Gbp GDP numbers

All intraday for me till after fomc
  • #49,188
  • Jan 22, 2012 11:44am Jan 22, 2012 11:44am
We've definitely got to tag 3000, probably plenty of stops just above

Anybody know of a good schedule for sovereign bond auctions in the EZ?
  • #49,189
  • Jan 22, 2012 11:47am Jan 22, 2012 11:47am
Quoting Wulfgar
Ya timing is always key.... As u know i def know... And even a Lil miss timing can cost an intraday trader his ass( like when I jumped the gun early on those swissy longs a few months back)

I agree with ya though... Market seems ripe to consolidate after the up move waiting for this Greek thing, fomc, and the Gbp GDP numbers

All intraday for me till after fomc
o... ok
  • #49,190
  • Jan 22, 2012 11:47am Jan 22, 2012 11:47am
Weekly channel... So steep.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.gif Size: 25 KB
  • #49,191
  • Jan 22, 2012 11:51am Jan 22, 2012 11:51am
Quoting frankkn
We've definitely got to tag 3000, probably plenty of stops just above

Anybody know of a good schedule for sovereign bond auctions in the EZ?
http://www.dowjones.com/products/djf...tonesAhead.asp
  • #49,192
  • Jan 22, 2012 11:59am Jan 22, 2012 11:59am
also greece will get its money it needs negotiations will not fall apart... to much riding on it... so as soon as shorts realize they will finally give up and start covering.... although we should give you another chance on a dip to cover here, and for ppl that missed the boat to jump on.. so see u at 3200...
  • #49,193
  • Jan 22, 2012 12:23pm Jan 22, 2012 12:23pm
Quoting fxjawn
also greece will get its money it needs negotiations will not fall apart... to much riding on it... so as soon as shorts realize they will finally give up and start covering.... although we should give you another chance on a dip to cover here, and for ppl that missed the boat to jump on.. so see u at 3200...
that really is still up for debate... simple fact of the matter is do the major hedge funds want to take the 70% haircut on their GGB exposure OR do they want to go ahead and let greece default so they can get ALL their money back via calling in their CDS's

Remember all it takes is ONE HF to block this entire thing... honestly all it would take to block this entire deal is one hedge fun to buy out a 3 billion euro blocking stake of UK-law Greek bonds ... then greece has absolutely 0 leverage and it is a forced credit event.... means a massive free payout and taxpayer bailout for europe to the hedge funds who are holding the defaulted GGB's...
Thats the problem with greece forcing this cramdown( which will be no doubt fought in court like it has every other time in history)... the PIIGS have 1.3Trill euros in Local law bonds, 800 Bil Euros in foreign law.... if greece presses this deal then 800 Bil go completely bidless.....


its a clusterfuck of epic proportions no matter what happens... Greece NEEDS to gtfo of the EZ... and fast... itll be painful for the EZ because then they need to deal with the MUCH larger problems of portugal and Big Bad italy(which should cause the EZ to completely dissolve since Germany wont be willing to bouy their monsterous debt/GDP levels...


i dunno... Bullish?
  • #49,194
  • Jan 22, 2012 12:23pm Jan 22, 2012 12:23pm
eu currently around 2900, i got no broker feeds for a few hours and likely won't be trading tonight anyway, but lack of greek psi sign off STILL is likely to weigh on EUR..

seems like we're always on tenterhooks waiting for some fkn announcement on greek debt restructuring these days...
  • #49,195
  • Jan 22, 2012 12:29pm Jan 22, 2012 12:29pm
1.3000 is not broken until its broken
Attached Image
The Thief of Wall Street
  • #49,196
  • Jan 22, 2012 12:30pm Jan 22, 2012 12:30pm
Quoting FibbinArchie
http://www.dowjones.com/products/djf...tonesAhead.asp
Nice thanks brojam
  • #49,197
  • Jan 22, 2012 12:34pm Jan 22, 2012 12:34pm
this months range thus far, 453 pips...

a few previous...

Jan 11....885
Jan 10....717
Jan 09...1224
Jan 08...558
Jan 07...431

current 12month average ATR running about 709 pips...
Look Sharp/Trade Tight
  • #49,198
  • Jan 22, 2012 12:51pm Jan 22, 2012 12:51pm
Quoting Wulfgar
that really is still up for debate... simple fact of the matter is do the major hedge funds want to take the 70% haircut on their GGB exposure OR do they want to go ahead and let greece default so they can get ALL their money back via calling in their CDS's

Remember all it takes is ONE HF to block this entire thing... honestly all it would take to block this entire deal is one hedge fun to buy out a 3 billion euro blocking stake of UK-law Greek bonds ... then greece has absolutely 0 leverage and it is a forced credit event.... means a massive...
obviously its up for debate its not final yet

does not matter if its a clusterfuck... temporary fixes mean temporary rallies does not matter how wrong it its... we'll suffer the repercussions later..
  • #49,199
  • Jan 22, 2012 12:52pm Jan 22, 2012 12:52pm
Quoting Wulfgar
its a clusterfuck of epic proportions no matter what happens...
for realz, they need to have another summit
"If The Fool persists in his Folly he will become wise." - William Blake
  • #49,200
  • Jan 22, 2012 12:57pm Jan 22, 2012 12:57pm
I could be wrong but don't think we'll see 1.3 anytime soon.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 102 KB
24 traders viewing now