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The Really Useless Thread

  • #71,681
  • Apr 5, 2012 9:37am Apr 5, 2012 9:37am
Did anyone notice?

E/C low of the day... 1.1980
  • #71,682
  • Apr 5, 2012 9:39am Apr 5, 2012 9:39am
Quoting Venice
Did anyone notice?

E/C low of the day... 1.9980
yea is that a bottom or what's going on with that pair? Looks like it will just stick to 1.2 eh..?
Don't have an ego. Always question yourself and your ability.
  • #71,683
  • Apr 5, 2012 9:39am Apr 5, 2012 9:39am
Quoting darimik
the week is not over though.. 3 week average is 230 ish though.. (Range)

we are at 345. if one drew a moving average 3 or 5 day, he or she could say that we are starting to trend up.. we have not had slower weeks than the past two for more than 30 weekly bars.

here is what I use.. it may or it may not make sense though. There may not be true value to this, but it puts things in perspective for me.

Attachment

it is no coincidence that volatility has been dying down a bit. (Chart on the right reflects that).
Wow, you are doing these yourself? Pretty neat job, mate...I fully agree that this bear run is largely overdone and we need to see some correction to the upside before we attempt to break that mofu 1.30 handle.

However, with lack of volume and NFP tomorrow, basically anything goes...
Quant Hedge Fund CEO
  • #71,684
  • Apr 5, 2012 9:41am Apr 5, 2012 9:41am
Quoting Venice
Did anyone notice?

E/C low of the day... 1.9980
lol, hardly...If it was this value, I would earn an incredible amount of money - and I would surely noticed

Itīs 1.1990, officially confirmed by EBS
Quant Hedge Fund CEO
  • #71,685
  • Apr 5, 2012 9:43am Apr 5, 2012 9:43am
Quoting FXMastermind
lol, hardly...If it was this value, I would earn an incredible amount of money - and I would surely noticed

Itīs 1.1990, officially confirmed by EBS
actually I read that that low is up for discussion, seems the SNB bid 1.20 on a bunch, but not everyone saw it, FXL has a tid bit on the whole thing..
Look Sharp/Trade Tight
  • #71,686
  • Apr 5, 2012 9:43am Apr 5, 2012 9:43am
Quoting RamsesII
yea is that a bottom or what's going on with that pair? Looks like it will just stick to 1.2 eh..?
The SNB peg. LOL, The question is, will they actually put any money into it to support it or are they going to let the market try and defend it with words.
  • #71,687
  • Apr 5, 2012 9:44am Apr 5, 2012 9:44am
Quoting FXMastermind
lol, hardly...If it was this value, I would earn an incredible amount of money - and I would surely noticed

Itīs 1.1990, officially confirmed by EBS
I accidently a number

Have you been loading at 1.2? Question is, will the SNB hold fast or not. The market has been relentless in challenging them.
  • #71,688
  • Apr 5, 2012 9:48am Apr 5, 2012 9:48am
Quoting chazzle
how come?
Well, first of all, ADP tends to be in tight correlation with NFP and weīve seen better than expected figures (+upward revision of previous numbers) + 30 pip drop in EU.

So, I expect NFP to be in similar fashion and probably invoking lots of crazy volatility because of low volume, but in conclusion dollar positive, because good employment figures = no more QE...
Quant Hedge Fund CEO
  • #71,689
  • Apr 5, 2012 9:52am Apr 5, 2012 9:52am
Quoting PayTheLimit
actually I read that that low is up for discussion, seems the SNB bid 1.20 on a bunch, but not everyone saw it, FXL has a tid bit on the whole thing..
Yeah, because of banks limit issues, but as a matter of fact, we did print low below 1.20 and thatīs what matters - if it really matters, cause they pushed it higher within a few secs, spending like 1 yard to defend the level.

...and they will spend MUCH more to push it higher, I actually expect some intervention soon, they have to show some muscles to regain respect after this "faux-pas" with inability to hold 1.20 exactly...

The problem is majority of currrent positions is long, so any intervention will cost them a sh_tload of money...
Quant Hedge Fund CEO
  • #71,690
  • Apr 5, 2012 9:55am Apr 5, 2012 9:55am
Quoting Venice
I accidently a number

Have you been loading at 1.2? Question is, will the SNB hold fast or not. The market has been relentless in challenging them.
I did, obviously - R:R here is absolutely brilliant, completely effortless trade in a distorted market by SNB. I couldnīt really miss this opportunity.

If it was yen, I wouldnīt do it. Japanese CB is known for their repeated failures during interventions.

But swiss guys do what they promise to do, without mercy, without remorse SNB is known that it delivers and they simply canīt afford to lose this credit built for literally decades...
Quant Hedge Fund CEO
  • #71,691
  • Apr 5, 2012 9:57am Apr 5, 2012 9:57am
Quoting FXMastermind
ADP
thanks - i must admit I'm slightly clueless when it comes to that stuff
  • #71,692
  • Apr 5, 2012 9:57am Apr 5, 2012 9:57am
Quoting FXMastermind
I did, obviously - R:R here is absolutely brilliant, completely effortless trade in a distorted market by SNB. I couldnīt really miss this opportunity.

If it was yen, I wouldnīt do it. Japanese CB is known for their repeated failures during interventions.

But swiss guys do what they promise to do, without mercy, without remorse SNB is known that it delivers and they simply canīt afford to lose this credit built for literally decades...
The weekly chart looks hilarious right now. Currently have myfxbook showing a 90% long bias on it. Man oh man. Might throw a few feelers in it myself.
  • #71,693
  • Apr 5, 2012 10:04am Apr 5, 2012 10:04am
Quoting FXMastermind

The problem is majority of currrent positions is long, so any intervention will cost them a sh_tload of money...
yea, that is the problem...they managed to get it up here not spending a dime, but now the free ride is over..if it where up to me, I'd get the longs out, get the market short, then run it up...at any rate, normally I would not give a shit, but since its a Euro cross, part of the spike will find its way over to us, so need to keep tabs on the damn thing...

talk later, PTL..
Look Sharp/Trade Tight
  • #71,694
  • Apr 5, 2012 10:04am Apr 5, 2012 10:04am
Talk is snb already spent 1B... for 30 pips and dropping again.. They better hit it with a ton of bricks or they'll lose face forever. Seems nobody's buying waiting their boats to be lifted by the snb. In the same time they might have ran out of sellers.. Very interesting..
  • #71,695
  • Apr 5, 2012 10:06am Apr 5, 2012 10:06am
Quoting PayTheLimit
yea, that is the problem...they managed to get it up here not spending a dime, but now the free ride is over..if it where up to me, I'd get the longs out, get the market short, then run it up...at any rate, normally I would not give a shit, but since its a Euro cross, part of the spike will find its way over to us, so need to keep tabs on the damn thing...

talk later, PTL..
That is definitely part of the problem. I would almost dip it lower to clear out the longs, get people on the short side of it again, then run them over on the way up.
  • #71,696
  • Apr 5, 2012 10:09am Apr 5, 2012 10:09am
Quoting Venice
That is definitely part of the problem. I would almost dip it lower to clear out the longs, get people on the short side of it again, then run them over on the way up.
They said 1.2, it better be 1.2. It already dipped below. They can't do this for long or they'll gonna get crushed.
  • #71,697
  • Apr 5, 2012 10:13am Apr 5, 2012 10:13am
Quoting attila
All my indis are somewhere down in the basement. Not sure what to make of it..
perhaps i can help... that means all your indis are somewhere down in the basement. hope this helps.
  • #71,698
  • Apr 5, 2012 10:14am Apr 5, 2012 10:14am
Quick easy 10 pipper in cable from late London short covering rally to conclude the day with 127 pips. Btw, going for the record again, 9th consecutive winning day , have to try not to screw up NFPs tomorrow...

City packing up, so am I...

You guys have fun trading late NY, let it bring you some good pips (we all know it wonīt, but... )

Cheers, FXM
Quant Hedge Fund CEO
  • #71,699
  • Apr 5, 2012 10:15am Apr 5, 2012 10:15am
Quoting attila
They said 1.2, it better be 1.2. It already dipped below. They can't do this for long or they'll gonna get crushed.
Yep. Imagine that thing unraveling downwards... too good to be true for the longs.. then again, I said the same thing about the last 3 yuen interventions...
  • #71,700
  • Apr 5, 2012 10:15am Apr 5, 2012 10:15am
Quoting chazzle
thanks - i must admit I'm slightly clueless when it comes to that stuff
Welcome mate, glad I could help you out of tunnel
Quant Hedge Fund CEO
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