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The Really Useless Thread

  • #63,061
  • Mar 9, 2012 4:41am Mar 9, 2012 4:41am
greek press conference soon
those who can, do. those who cant, talk about those who can
  • #63,062
  • Mar 9, 2012 4:45am Mar 9, 2012 4:45am
Quoting The Fool
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.
regarding risk trade, need a positive nfp so as to not upset the apple cart, now anticipating a possible dip to 3180ish on nfp volatility, and then possibly rally to a new high into the close, assuming of course that nfp delivers...

just closed out my averaged long for a small gain (got suckered earlier on the fake to 36), probably staying flat till the data release...
  • #63,063
  • Mar 9, 2012 4:46am Mar 9, 2012 4:46am
march 24 extention?
those who can, do. those who cant, talk about those who can
  • #63,064
  • Mar 9, 2012 4:54am Mar 9, 2012 4:54am
Quoting gatorinla
-7.5%.. it dont matter what it is comparable to Europe. they are all connected. one bank takes down another and so on.. a bank is backed by the country... the swiss are heavy in banks.. and so on..
well you're right, its about the banks, so why i said long as they are taken care of euro can float, weak usd riskon paradigm back from the pen, new highs in the stocks, 2012 is not the end of the world, everybody just be happy.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #63,065
  • Mar 9, 2012 4:57am Mar 9, 2012 4:57am
Quoting The Fool
well you're right, its about the banks, so why i said long as they are taken care of euro can float, weak usd riskon paradigm back from the pen, new highs in the stocks, 2012 is not the end of the world, everybody just be happy.
didn't we have the same crap back in 1999, y2k bug and all that, conspiracy instigated by the it network industry...
  • #63,066
  • Mar 9, 2012 5:07am Mar 9, 2012 5:07am
Quoting FibbinArchie
regarding risk trade, need a positive nfp so as to not upset the apple cart, now anticipating a possible dip to 3180ish on nfp volatility, and then possibly rally to a new high into the close, assuming of course that nfp delivers....
i'm not gonna gambletrade the NFP but I will predict it beats, prolly be 250k +/- 15k. either way NFP good excuse for a shakeout into <1.315 maybe even <1.31. If NFP well under maybe even better for a long entry...

course i'm fos and smart money should fade whatever i say
"If The Fool persists in his Folly he will become wise." - William Blake
  • #63,067
  • Mar 9, 2012 5:10am Mar 9, 2012 5:10am
default.. official news in a few hours.
those who can, do. those who cant, talk about those who can
  • #63,068
  • Mar 9, 2012 5:11am Mar 9, 2012 5:11am
Quoting The Fool
i'm not gonna gambletrade the NFP but I will predict it beats, prolly be 250k +/- 15k. either way NFP good excuse for a shakeout into <1.315 maybe even <1.31. If NFP well under maybe even better for a long entry...

course i'm fos and smart money should fade whatever i say
all a guessing came until we know the data and price action confirms the levels, won't be placing any entries until the market shows it's hand...
  • #63,069
  • Mar 9, 2012 5:12am Mar 9, 2012 5:12am
Quoting gatorinla
default.. official news in a few hours.
ratings agencies still need to stick the knife in as well....
  • #63,070
  • Mar 9, 2012 5:14am Mar 9, 2012 5:14am
Quoting FibbinArchie
ratings agencies still need to stick the knife in as well....
the Greek officials better call it a default.
those who can, do. those who cant, talk about those who can
  • #63,071
  • Mar 9, 2012 5:15am Mar 9, 2012 5:15am
qe3, efsf, psi, i wonder what next weeks acronym will be..
  • #63,072
  • Mar 9, 2012 5:16am Mar 9, 2012 5:16am
Quoting gatorinla
the Greek officials better call it a default.
who's covering the pc?
  • #63,073
  • Mar 9, 2012 5:17am Mar 9, 2012 5:17am
Quoting FibbinArchie
who's covering the pc?
not me
those who can, do. those who cant, talk about those who can
  • #63,074
  • Mar 9, 2012 5:19am Mar 9, 2012 5:19am
ForexLive: German FinMin: 2nd Greek bailout package to be discussed by Eurogroup next week

whatever!! frankly sick to death of hearing about this greek farce..

Inserted Video
  • #63,075
  • Mar 9, 2012 5:20am Mar 9, 2012 5:20am
Quoting gatorinla
not me
expect it'll come through on the twits in due course..
  • #63,076
  • Mar 9, 2012 5:23am Mar 9, 2012 5:23am


2:41 AM The European Commission has sent a team of experts to Spain to check its budget deficit data, according to Spanish website Expansion. No details were provided as to the source of the report. (Spanish report, web-based translation)
  • #63,077
  • Mar 9, 2012 5:26am Mar 9, 2012 5:26am
PARIS (MNI) – The International Swaps and Derivates Association
said today that its “determinations committee” will convene at 13h00 GMT
to decide whether the private sector debt exchange (PSI) whose results
were announced early this morning by the Greek Finance Ministry
constitutes a “credit event.”

http://www.forexlive.com/blog/2012/0...in-greece-psi/
  • #63,078
  • Mar 9, 2012 5:28am Mar 9, 2012 5:28am
Quoting kill56


2:41 AM The European Commission has sent a team of experts to Spain to check its budget deficit data, according to Spanish website Expansion. No details were provided as to the source of the report. (Spanish report, web-based translation)...
Yes, video just in now.

Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #63,079
  • Mar 9, 2012 5:31am Mar 9, 2012 5:31am
junkies forget about Greece for now we have plenty of time ,

lets talk about NFP , with election year in mind ,obamoo wants good numbers , will the feds serve their master or give him the finger
  • #63,080
  • Mar 9, 2012 5:35am Mar 9, 2012 5:35am
Quoting FibbinArchie
PARIS (MNI) – The International Swaps and Derivates Association said ...... constitutes a “credit event.”
$3bio payout, izzat all? Won't even cover the avg fx trader's weekend bartab....
"If The Fool persists in his Folly he will become wise." - William Blake
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