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The Really Useless Thread

  • #71,561
  • Apr 5, 2012 5:07am Apr 5, 2012 5:07am
Quoting Mr Hatch
forexlive mentions a 9 billion bid around 1.2 in e/c by the SNB... might take some time to fill that.
It is so tempting to load long when you have CB support and limited risk but TA doesn't provide any signal so it will a pure blind gamble....

Well last case we had, the ones who bought the yen on BOJ support got paid very well despite the 8 months waiting until a real move up panned out...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #71,562
  • Apr 5, 2012 5:08am Apr 5, 2012 5:08am
Quoting Wulfgar
all yall buying the ECHF have balls the size of volkswagons... im too paralyzed with fear to do anything right now
SNB canīt afford that luxury to lose their credit, if they say they will buy unlimited amount to keep that floor, they will. This is how it works and always will. The probability that they wonīt hold is like 10% - and thatīs much more than you usually get in this business
Quant Hedge Fund CEO
  • #71,563
  • Apr 5, 2012 5:08am Apr 5, 2012 5:08am
Quoting sisse
It is so tempting to load long when you have CB support and limited risk but TA doesn't provide any signal so it will a pure blind gamble....

Well last case we had, the ones who bought the yen on BOJ support got paid very well despite the 8 months waiting until a real move up panned out...

sisse
it was a short 8 months
  • #71,564
  • Apr 5, 2012 5:09am Apr 5, 2012 5:09am
Quoting sisse
It is so tempting to load long when you have CB support and limited risk but TA doesn't provide any signal so it will a pure blind gamble....

Well last case we had, the ones who bought the yen on BOJ support got paid very well despite the 8 months waiting until a real move up panned out...

sisse
I have no problem keeping these babies as they earn small carry every night, why not...We will bounce eventually.
Quant Hedge Fund CEO
  • #71,565
  • Apr 5, 2012 5:09am Apr 5, 2012 5:09am
Quoting sisse
It is so tempting to load long when you have CB support and limited risk but TA doesn't provide any signal so it will a pure blind gamble....

Well last case we had, the ones who bought the yen on BOJ support got paid very well despite the 8 months waiting until a real move up panned out...

sisse
I think, the SNB will keep up for their words, but this is not my style of trading, unfortunately. We've been hoovering just above the peg for far too long for my taste. Why?
  • #71,566
  • Apr 5, 2012 5:12am Apr 5, 2012 5:12am
Quoting FXMastermind
SNB canīt afford that luxury to lose their credit, if they say they will buy unlimited amount to keep that floor, they will. This is how it works and always will. The probability that they wonīt hold is like 10% - and thatīs much more than you usually get in this business
agreed brotha.... from ur entry its def worth the R:R
  • #71,567
  • Apr 5, 2012 5:22am Apr 5, 2012 5:22am
Quoting Mr Hatch
I think, the SNB will keep up for their words, but this is not my style of trading, unfortunately. We've been hoovering just above the peg for far too long for my taste. Why?
My reading is just short term conditions. We are having profit taking across the board in equities with Greek default weeks before and US ready to ride the wave up in the economy before election.

The next move is forming via dollar/FED (Gold doesn't lie) so if you add the bit of risk aversion via Spain as fuel for shorts you have strong pressures in the euro.

To put this in context of CHF, we have short term "risk" in the euro via Spain and FA forces down via the poor EZ numbers posted in the last 2 weeks pushing EUR/CHF to the bottom band. Once stock finish the pullback (as early as NFP) thing will come back to "normal" and the pair will find some relieve on 1.20xx (without counting SNB protecting the level). However, for a rally, that looks a bit far with the current conditions.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #71,568
  • Apr 5, 2012 5:29am Apr 5, 2012 5:29am
computer restarts in my sleep and I lost my chart for the day.. good thing I saved it here...
  • #71,569
  • Apr 5, 2012 5:33am Apr 5, 2012 5:33am
forexlive.com/blog/2012/04/05/regarding-that-eurchf-peg/
  • #71,570
  • Apr 5, 2012 5:33am Apr 5, 2012 5:33am
man i totally missed every party there was the last 2 days....
  • #71,571
  • Apr 5, 2012 5:35am Apr 5, 2012 5:35am
Quoting sisse
It is so tempting to load long when you have CB support and limited risk but TA doesn't provide any signal so it will a pure blind gamble....

Well last case we had, the ones who bought the yen on BOJ support got paid very well despite the 8 months waiting until a real move up panned out...

sisse
Does TA matter in this scenario?
.
  • #71,572
  • Apr 5, 2012 5:35am Apr 5, 2012 5:35am
Quoting nasir.khan
forexlive.com/blog/2012/04/05/regarding-that-eurchf-peg/
there was a peg on the EURCHF???
  • #71,573
  • Apr 5, 2012 5:37am Apr 5, 2012 5:37am
i just texted hildebrand to let him know that shit is hitting the fan .....

he was like.... "fuck u i dont have the time im busy selling fracs for euro's, august was not enough for me!"

im like cool bro sorry
  • #71,574
  • Apr 5, 2012 5:39am Apr 5, 2012 5:39am
Quoting Wulfgar
there was a peg on???
that what she said!!!
  • #71,575
  • Apr 5, 2012 5:40am Apr 5, 2012 5:40am
Quoting fxjawn
i just texted hildebrand to let her know that shit is hitting the fan .....

he was like.... "fuck u i dont have the time im busy selling fracs for euro's, august was not enough for me!"

im like cool bro sorry
dude u talked to his wife then
  • #71,576
  • Apr 5, 2012 5:41am Apr 5, 2012 5:41am
chanced a long at 65 for a few
Disclaimer: Check your 1m charts
  • #71,577
  • Apr 5, 2012 5:42am Apr 5, 2012 5:42am
Quoting Wulfgar
dude u talked to his wife then
he was personally busted too and his wife

tried to claim it was all her...

whatevs
  • #71,578
  • Apr 5, 2012 5:45am Apr 5, 2012 5:45am
Quoting fxjawn
he was personally busted too and his wife

tried to claim it was all her...

whatevs
Hildy.... bad bad man
  • #71,579
  • Apr 5, 2012 5:45am Apr 5, 2012 5:45am
Quoting Wulfgar
dude u talked to his wife then
the sky is dark blue , no its medium blue..... no its dark blue ,,, no its medium blue bro...ok
  • #71,580
  • Apr 5, 2012 5:48am Apr 5, 2012 5:48am
Quoting fxjawn
the sky is dark blue , no its medium blue..... no its dark blue ,,, no its medium blue bro...ok
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