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The Really Useless Thread

  • #76,141
  • Apr 16, 2012 2:57am Apr 16, 2012 2:57am
love the way they test the range high exactly as i'm taking a dump!!! playing for a continuation of the retrace into late euro am...

edit- if no break of 30 then i'm out...
  • #76,142
  • Apr 16, 2012 3:00am Apr 16, 2012 3:00am
Quoting sisse
Spanish banks entering in danger zone. The construction bubble was half burst during the financial crisis.

The half that pay the price was in employment and the economy (via the key interrelation and inter-sector effects in gdp of construction) but the government ( like always and everywhere) decide to keep the bastards (banks,etc) afloat.

The debt crisis toll was too high and lasted too long for Spain bet on artificially saving the banks to work. The trigger will come via the bastards collapsing on those artificially inflated empty buildings...
Hi Sisse,

brilliant analysis as usual, exactly my point of view. Spent the whole weekend doing my deep fundamental analysis on Spain from several perspectives, here just one graph for illustration, it nicely corresponds with your first and second paragraph.

Cheers, FXM
Attached Image
Quant Hedge Fund CEO
  • #76,143
  • Apr 16, 2012 3:05am Apr 16, 2012 3:05am
Quoting FXMastermind
Hi Sisse,

brilliant analysis as usual, exactly my point of view. Spent the whole weekend doing my deep fundamental analysis on Spain from several perspectives, here just one graph for illustration, it nicely corresponds with your first and second paragraph.

Cheers, FXM
Fantastic chart mate....self explanatory....is undeniable what is the problem...

Sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #76,144
  • Apr 16, 2012 3:05am Apr 16, 2012 3:05am
longs paying

that only took about 4 fuckin hours...
  • #76,145
  • Apr 16, 2012 3:07am Apr 16, 2012 3:07am
Quoting fxjawn
longs paying

that only took about 4 fuckin hours...
8 hours over here, the bastards...
  • #76,146
  • Apr 16, 2012 3:09am Apr 16, 2012 3:09am
Quoting FibbinArchie
8 hours over here, the bastards...
lol unless the drop the bottom out here ... stops at +1 now so fuck it lol
  • #76,147
  • Apr 16, 2012 3:12am Apr 16, 2012 3:12am
closed +5, it was a shit entry to begin with...
  • #76,148
  • Apr 16, 2012 3:13am Apr 16, 2012 3:13am
Quoting fxjawn
lol unless the drop the bottom out here ... stops at +1 now so fuck it lol
i need more patience on the entries.. too keen, charging in like the fuckin' cavalry...

still long biased short term, till ny, but reckon we could congest for a bit, looking to reload lower...
  • #76,149
  • Apr 16, 2012 3:20am Apr 16, 2012 3:20am
Quoting FXMastermind
I am looking @ 2 levels to the upside, 3040 and 3070. Letīs see how it plays out.
Back at the Frankie open I surmised that 1.3060 was the level to watch for, so we seem to be in general agreement. As an aside, and despite not wanting to, I've been thinking more and more about why this currency keeps going up along with the equities and futures markets and I think I've come to the brilliant conclusion ( big LOL ) that folks have just gotten so used to the "bailout" mechanism that just about nothing with the possible exception of a major catastrophe phases them anymore.

Sounds good to me and makes about as much sense as this broken market...

Nap time 'till US numbers at 0830 ET
  • #76,150
  • Apr 16, 2012 3:27am Apr 16, 2012 3:27am
S 3038
Quant Hedge Fund CEO
  • #76,151
  • Apr 16, 2012 3:38am Apr 16, 2012 3:38am
Quoting Turhovach
Back at the Frankie open I surmised that 1.3060 was the level to watch for, so we seem to be in general agreement. As an aside, and despite not wanting to, I've been thinking more and more about why this currency keeps going up along with the equities and futures markets and I think I've come to the brilliant conclusion ( big LOL ) that folks have just gotten so used to the "bailout" mechanism that just about nothing with the possible exception of a major catastrophe phases them anymore.

Sounds good to me and makes about as much sense as this...
As for this minor upside, I heard some market rumors about real money buying lots of spanish bonds, speculative move which consequently helped other markets as well (all eyes are now pinned to spanish bonds these days...). It wonīt last long I suppose

P.S. Good night, mate, sleep well
Quant Hedge Fund CEO
  • #76,152
  • Apr 16, 2012 3:38am Apr 16, 2012 3:38am
Quoting Turhovach

Nap time 'till US numbers at 0830 ET
splendid idea...

london open was a non event...

bbl, gl...
  • #76,153
  • Apr 16, 2012 3:48am Apr 16, 2012 3:48am
Quoting FXMastermind
S 3038
SL@BE

EDIT: (correction) letīs leave it @43, just in case...
Quant Hedge Fund CEO
  • #76,154
  • Apr 16, 2012 4:05am Apr 16, 2012 4:05am
Ok, this starts to form into a textbook scenario, I hope it wonīt disappoint. Actually, it shouldnīt, I think as yanks wake up, they might help to sink this much further, completing the setup technically.

We have nice pinbar fakey formed on H1, already closed and confirmed and failed retest of TL on H4 (confirmation close still needed here so this game is opened).
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Quant Hedge Fund CEO
  • #76,155
  • Apr 16, 2012 4:12am Apr 16, 2012 4:12am
Quoting FXMastermind
Ok, this starts to form into a textbook scenario, I hope it wonīt disappoint. Actually, it shouldnīt, I think as yanks wake up, they might help to sink this much further, completing the setup technically.

We have nice pinbar fakey formed on H1, already closed and confirmed and failed retest of TL on H4 (confirmation close still needed here so this game is opened).
...but I am obviously talking to myself here as all the guys where smart enough to hit the bed before data, only I am stupid enough to stare into the charts moving 10 pips per hour.
Quant Hedge Fund CEO
  • #76,156
  • Apr 16, 2012 4:19am Apr 16, 2012 4:19am
Quoting FXMastermind
...but I am obviously talking to myself here as all the guys where smart enough to hit the bed before data, only I am stupid enough to stare into the charts moving 10 pips per hour.
Who doesnīt sleep might be actually interested in Citigroup earnings data @1 PM GMT...just sayin
Quant Hedge Fund CEO
  • #76,157
  • Apr 16, 2012 4:20am Apr 16, 2012 4:20am
Quoting FXMastermind
Ok, this starts to form into a textbook scenario, I hope it wonīt disappoint. Actually, it shouldnīt, I think as yanks wake up, they might help to sink this much further, completing the setup technically.

We have nice pinbar fakey formed on H1, already closed and confirmed and failed retest of TL on H4 (confirmation close still needed here so this game is opened).
Clean swept without retrace is still possible but we need NY and reports 1st. This is strong W/D Support (1.298x/1.301x) that extends to the key and only level to track mid term (1.295x Yearly, quarterly, M and W support) ... In simple words major levels in play in this area so h1 (and even h4) can not be enough.....

Let' see but agree that is nothing to see to the long side at least until NY/reports/h4 combo.

Sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #76,158
  • Apr 16, 2012 4:31am Apr 16, 2012 4:31am
Quoting sisse
Clean swept without retrace is still possible but we need NY and reports 1st. This is strong W/D Support (1.298x/1.301x) that extends to the key and only level to track mid term (1.295x Yearly, quarterly, M and W support) ... In simple words major levels in play in this area so h1 (and even h4) can not be enough.....

Let' see but agree that is nothing to see to the long side at least until NY/reports/h4 combo.

Sisse
Agreed. Btw crude is going down, because Iranians showing they are opened to negotiations about their nuclear program etc. That will propel greenback as well.

EUR is generally weak now, just compare EU with SP500...

...and greenback created a powerful looking triple bottom @9900.

Do you have any further major levels down 2950īs until that 2620 lows? I have only minor @2875 and two old ones @2760 and 2705.

Thanks
Quant Hedge Fund CEO
  • #76,159
  • Apr 16, 2012 4:38am Apr 16, 2012 4:38am
Btw nice comparison between USD index and EU.

Last time we were this low (14th March), greenback was touching its major resistance @10100.

More or less a month later, we are here again (actually slightly lower) in EU, but greenback is only @9980, with plenty of space above.

That should tell us stg as well...
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Quant Hedge Fund CEO
  • #76,160
  • Apr 16, 2012 4:42am Apr 16, 2012 4:42am
Good morning. Fuck the London Session.
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