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The Really Useless Thread

  • #54,541
  • Feb 6, 2012 12:09pm Feb 6, 2012 12:09pm
fuck ranges
dreams do come true.
  • #54,542
  • Feb 6, 2012 12:09pm Feb 6, 2012 12:09pm
Quoting pipper
flip a coin.. Orderly default or kicked down the road again
Or, even better. Get two coins, place one heads up, the other tails down.

This is possible to translate into trading.
  • #54,543
  • Feb 6, 2012 12:12pm Feb 6, 2012 12:12pm
lol, eeny meeny miny mo

Quoting Venice
Or, even better. Get two coins, place one heads up, the other tails down.

This is possible to translate into trading.
Disclaimer: Check your 1m charts
  • #54,544
  • Feb 6, 2012 12:16pm Feb 6, 2012 12:16pm
Quoting sisse
.....very true. Well what is happening is what we already knew 2 years ago. Greece is defaulting. It just an orderly default but I agree doesn't look like a collapse of the euro of the end of the world yet ...just a weaker euro mid term...

sisse
the spotlight is on Greece. what about the entity called the ecb? taken bad debt atm, bad debt that in the future will decline in value. lots of smart people making the people they represent look stupid. putting a square peg in a round hole. the term fuzzy math comes to mind. first we criticized it, then we make it fiscal policy.

history repeats. doing the same thing and expecting a different result. there is a term for this even a crazy man will see.
those who can, do. those who cant, talk about those who can
  • #54,545
  • Feb 6, 2012 12:18pm Feb 6, 2012 12:18pm
Quoting pipper
flip a coin.. Orderly default or kicked down the road again
Just a quick review of bond markets before Greece "resolution" (lol...) interesting to check as they will give us the fuel for the next wave down when Greek is cleared (official default or not is irrelevant...they are defaulted).

10 yrs in sharp very sharp downturns (only one breaking highs today ...Greece). Portugal managed to put a hard top and they are back below 14. Italy keep going down but still above 5,5 but 2 remarkable cases are Spain and Ireland.

They are about to break down to very decent levels (that will mark a solid turn around and clear most of panic/fear in the next debt wave down). Spain tick below 5 but it couldn't hold and Ireland that is in "free" fall an inch away of breaking down the psychological (and technical debt wise) 7% (remember only a couple of weeks ago Italy was higher than Ireland today).

Let see. Swing-wise as of today If Greece officially default in march I am looking for a nice wave down but with all eyes on buying the bottom with quarterly chart for a very long position trade for later this year. If not...will keep trading the weekly trend until is done...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #54,546
  • Feb 6, 2012 12:27pm Feb 6, 2012 12:27pm
toppy on 15 min here. all rejection candles. getting the flock out.
  • #54,547
  • Feb 6, 2012 12:31pm Feb 6, 2012 12:31pm
Quoting Venice
Or, even better. Get two coins, place one heads up, the other tails down.

This is possible to translate into trading.
40% win, 60% loss still can give you good profit with correct mm.
  • #54,548
  • Feb 6, 2012 12:31pm Feb 6, 2012 12:31pm
Quoting gatorinla
what about the entity called the ecb? taken bad debt atm, ......
That is very true Gator. What the heck will happen with the ECB holdings is the BIG ? in all this.... not Greece. That's why the Germans are so vocal with Greece "IS NOT GOING TO DEFAULT" speech of the last weeks.

I can only imagining that the Germans and others already have or about to have a plan B and that's why they are allowing Greece to play the puppet master until march. There is no much information about that so I still have my doubts , they may not find a solution for the ECB holdings yet and that's why all this mumbojumbo of the last few weeks...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #54,549
  • Feb 6, 2012 12:32pm Feb 6, 2012 12:32pm
Coincides with my monthly opinion too sometime in March/April Sisse

Quoting sisse
all eyes on buying the bottom with quarterly chart for a very long position trade for later this year
Disclaimer: Check your 1m charts
  • #54,550
  • Feb 6, 2012 12:35pm Feb 6, 2012 12:35pm
3105, the mid of the big up bar..
Look Sharp/Trade Tight
  • #54,551
  • Feb 6, 2012 12:38pm Feb 6, 2012 12:38pm
Quoting PayTheLimit
3105, the mid of the big up bar..
wtf happened to your avatar? :o
  • #54,552
  • Feb 6, 2012 12:40pm Feb 6, 2012 12:40pm
Quoting pkimnyc
wtf happened to your avatar? :o
you ever see the movie A Bridge Too Far?
Look Sharp/Trade Tight
  • #54,553
  • Feb 6, 2012 12:43pm Feb 6, 2012 12:43pm
Class film and actor PTL

Inserted Video


Quoting PayTheLimit
you ever see the movie A Bridge Too Far?
Disclaimer: Check your 1m charts
  • #54,554
  • Feb 6, 2012 12:44pm Feb 6, 2012 12:44pm
Quoting pipper
Class film and actor PTL

http://www.youtube.com/watch?v=rX0F3kY3uxU
indeed, never hurt to have some Irish Guardsmen on your side, thats for damn sure..
Look Sharp/Trade Tight
  • #54,555
  • Feb 6, 2012 12:52pm Feb 6, 2012 12:52pm
Lots of rumors on Greece from different sources. Both private and public (EU and Greek level) on imminent default and only Germany-French last minute option can prevent the boat from sinking. A new delay until tomorrow for the announcement confirmed from Greece so pure tweet zone for the close...

ES and stocks failing to crack R and they look ready for a shallow pullback before continuation ....to be confirmed on the close.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #54,556
  • Feb 6, 2012 12:52pm Feb 6, 2012 12:52pm
Quoting PayTheLimit
you ever see the movie A Bridge Too Far?
dude, seriously... the only movies i'm allowed to see these days are pretty limited.

finding mano, tangled up, alice in the smokingland, curious george soros... and so on. you get the idea. the only recent movie like movie i've seen these days is the "avatar."
  • #54,557
  • Feb 6, 2012 12:52pm Feb 6, 2012 12:52pm
What do you guys think has more power? Say price enters a consolidation. Upon exiting consolidation

a) Price makes a higher high and comes back down into the range (Implies weakness of sellers; failed to hold the highs)
b) price makes a higher low in the range (implies strength of buyers, held the lows)

Preferred is obviously higher high && higher low... but, well, ya know...
  • #54,558
  • Feb 6, 2012 12:54pm Feb 6, 2012 12:54pm
Quoting Venice
What do you guys think has more power? Say price enters a consolidation. Upon exiting consolidation

a) Price makes a higher high and comes back down into the range (Implies weakness of sellers; failed to hold the highs)
b) price makes a higher low in the range (implies strength of buyers, held the lows)

Preferred is obviously higher high && higher low... but, well, ya know...
i'm going back to the bat cave...
  • #54,559
  • Feb 6, 2012 12:55pm Feb 6, 2012 12:55pm
to robin?

Quoting pkimnyc
i'm going back to the bat cave...
Disclaimer: Check your 1m charts
  • #54,560
  • Feb 6, 2012 12:55pm Feb 6, 2012 12:55pm
i need a bear (beer too) and some tits. Kill, u're there bro?
dreams do come true.
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