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The Really Useless Thread

  • #63,021
  • Mar 8, 2012 11:17pm Mar 8, 2012 11:17pm
Quoting sisse
....Looks like this is done and gone for now. 80% on Board, ECB with preference and the other via CACs....going to court against the "whole" financial world that finally accepted the unavoidable (since 2 years ago) is not a bright option..... plus and to be honest, come on, they were playing with fire and they knew it. The had enough time to "clear" and run so they knew the risks .... with this deal they lost almost all like it or not...
sisse

thats the key point... what a shitshow this has been eh?

lol.... i always though financial markets were for smart people who could actually solve problems.... turns out the winners are just those who can just learn to control and mess with peoples emotions and kick the can on any real pertinent issues or just sweep em under the rug and sugar coat them....

but perfumed crap is still just crap at the end of the day....


anyhow i agree with Jon.... if this low holds.... then the NFP spikes below to the 3200 and launches north... exactly the opposite of last month where it went up to the 3200 and got smacked down south
  • #63,022
  • Mar 8, 2012 11:17pm Mar 8, 2012 11:17pm
Quoting Wulfgar
i wrote about this happening a long time ago.... just if u wanna check it out




funny thing is sometimes these fundies take into account a much much broader scoipe... so for our purposes as traders... the market doesnt always line up with the fundies at the most convienient times... ive learned that the hard way...lol
It usually does it, but never when we want it to...
  • #63,023
  • Mar 8, 2012 11:17pm Mar 8, 2012 11:17pm
Quoting fxjawn
lol thats not even right lol good god
i figure for your first burger back we can go heavy on the cheese
  • #63,024
  • Mar 8, 2012 11:19pm Mar 8, 2012 11:19pm
Quoting Wulfgar
i figure for your first burger back we can go heavy on the cheese
just realised what's in that photo, thought it was some sort of prehistoric creature...
  • #63,025
  • Mar 8, 2012 11:20pm Mar 8, 2012 11:20pm
Quoting FibbinArchie
just realised what's in that photo, thought it was some sort of prehistoric creature...
im gonna buy one of those when i make my first 1 mil in forex.... seriously... ad all you bastards can help me eat it
  • #63,026
  • Mar 8, 2012 11:34pm Mar 8, 2012 11:34pm
Quoting Wulfgar
im gonna buy one of those when i make my first 1 mil in forex.... seriously... ad all you bastards can help me eat it
i'll go with the porsche 911 option and settle for a big mac and fries...
  • #63,027
  • Mar 8, 2012 11:36pm Mar 8, 2012 11:36pm
Quoting Wulfgar
im gonna buy one of those when i make my first 1 mil in forex.... seriously... ad all you bastards can help me eat it
Think big that's not even a hundred bucks.

My catering company makes three times bigger than this one when we get orders for sports events.............. and ten times better, so well decorated that you just want to eat it alone .
The Thief of Wall Street
  • #63,028
  • Mar 8, 2012 11:38pm Mar 8, 2012 11:38pm
Quoting Wulfgar
thats the key point... what a shitshow this has been eh?

lol.... i always though financial markets were for smart people who could actually solve problems.... turns out the winners are just those who can just learn to control and mess with peoples emotions and kick the can on any real pertinent issues or just sweep em under the rug and sugar coat them....
FF reflects the best "universe" on how the financial markets work. Believe it or not, the parallels are amazing.

Some "serious" holders cleared/hedge as much as they could but they couldn't clear all for obvious reason (BNP, RBS,etc) others couldn't clear at all (ECB holdings) and the few others that are losing all, is just because they were stubborn and greedy ....like in FF those newbies/posters (and not so new sometimes) calling bottoms and holding and adding to losing positions...

In any case, yes agree with the general outlook for the euro. Definitively mid trend change (downtrend slope at least ) in play for the next few days and NFP is a good starting catalyst.

Bears are free to sell without the constrain of the Greece circus and bulls can start thinking to buy.... let see S&P amazingly and barely manage to close above break down in only 1 day and look ready to ride (daily and above) and keep the uptrend for a good new leg in bull territory.

Stocks intraday looks a bit overextended for "choppy" a NFP. A crack above highs will open 1400.xx without much fuss as last important stop before going for all times highs later ....'

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #63,029
  • Mar 8, 2012 11:51pm Mar 8, 2012 11:51pm
Quoting sisse
FF reflects the best "universe" on how the financial markets work. Believe it or not, the parallels are amazing.

Some "serious" holders cleared/hedge as much as they could but they couldn't clear all for obvious reason (BNP, RBS,etc) others couldn't clear at all (ECB holdings) and the few others that are losing all, is just because they were stubborn and greedy ....like in FF those newbies/posters (and not so new sometimes) calling bottoms and holding and adding to losing positions...

In any case, yes agree with the general outlook for the...
it is pretty amazing.... markets are so subjective and counterintuitive... the true reflection of the human condition...

Im ready for it though...

  • #63,030
  • Mar 8, 2012 11:53pm Mar 8, 2012 11:53pm
Quoting Wulfgar
hey guys... so we got the PSI data comin out in a few hours... which is all nonsense... but it still shakes the market around

anyhow it seems to me after yesterday we need a bit of consolidation before NFPs and another leg up.... so Im seein this thing kinda droppin off a cliff down to about the 3219, the (incorrect) top i called yesterday that i assumed would give us a stronger pullback than just a few pips... but such is a day of unidirectional moves.... trading against it is a bit like pissing into the wind

anyhow... Im short at 3277 and 3265 playin for 3219.... finger on the trigger to lock in or close all however.... dumb news bombs

finally... not sure if that was smart or not to wait for that consolidation... but i added 1 more at 3237 just cuz...lol
  • #63,031
  • Mar 9, 2012 12:13am Mar 9, 2012 12:13am
been reading silently your posts and i see that the general consensus is we go up roughly from where we are. is there really no chance we will go down? i admit that i have several reasons to go up on my charts (strongest being we broke up of the downward short term channels i had) but still....
dreams do come true.
  • #63,032
  • Mar 9, 2012 12:16am Mar 9, 2012 12:16am
3203/04 may be support. if lost after news... bye bye.
those who can, do. those who cant, talk about those who can
  • #63,033
  • Mar 9, 2012 12:21am Mar 9, 2012 12:21am
raise your hand if you think unemployment will be better. raise your hand if you think greece will not default.. that's the general media feed. what if they are wrong? what if its already priced in? after all we did move higher..
those who can, do. those who cant, talk about those who can
  • #63,034
  • Mar 9, 2012 12:23am Mar 9, 2012 12:23am
Quoting wannaberich
been reading silently your posts and i see that the general consensus is we go up roughly from where we are. is there really no chance we will go down? i admit that i have several reasons to go up on my charts (strongest being we broke up of the downward short term channels i had) but still....
I don't know to who you are referring to but in my case TA is very clear. Range is 1.331x / 1.318x

Short term and MID TERM (including NFP) there is no real bull while we are below 1.331x. Momentum line for short continuation is 1.318x. Everything else in between is "noise"/range if you want to trade intraday.

Yes there is still a chance to move down but the odds TA wise (in charts) are reduced. 1.308x was barely tested and is very slightly open for the weekly range. 1.295x is marginally open for the Quarterly/monthly range but a weekly roll above 1.331x will close it 100% for the next few weeks.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #63,035
  • Mar 9, 2012 12:24am Mar 9, 2012 12:24am
I am only swing trading fx now as wageslave hours keep me thankgod away from too much screen time. I'm looking for a resumption of riskon scenario with for instance an e/u entry around 1.315 on news dip and a healthy multiweek trend to >1.37 and better.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #63,036
  • Mar 9, 2012 12:29am Mar 9, 2012 12:29am
yay for the 3219... hip hip hooray! hip hip hooray!!


anyhow i put some longs in(demo cuz im tryin something ive never tested).... with a TP of about 50 pips... SL is 10 pips below the low....


ill be back for NFPs.. later guys
  • #63,037
  • Mar 9, 2012 12:32am Mar 9, 2012 12:32am
Quoting Wulfgar
yay for the 3219... hip hip hooray! hip hip hooray!!


anyhow i put some longs in(demo cuz im tryin something ive never tested).... with a TP of about 50 pips... SL is 10 pips below the low....


ill be back for NFPs.. later guys
Trading the mid .. always tempting but not in NFP....lol ...see you later bro...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #63,038
  • Mar 9, 2012 12:35am Mar 9, 2012 12:35am
sorry he was prob refering to me as in i posted bull post nfp.... sorry im no real trader... pay not attention to me
  • #63,039
  • Mar 9, 2012 12:47am Mar 9, 2012 12:47am
short aiming for 192 risk 248
  • #63,040
  • Mar 9, 2012 12:50am Mar 9, 2012 12:50am
Quoting chazzle
short aiming for 192 risk 248
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