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The Really Useless Thread

  • #76,821
  • Apr 17, 2012 2:20am Apr 17, 2012 2:20am
Blue pills in the water supply!
  • #76,822
  • Apr 17, 2012 2:21am Apr 17, 2012 2:21am
Quote
Originally posted by FXMastermind
flat (except my everlasting EUR/CHF longs, obviously
had that pair long also but closed yesterday.......if the shtf on european debt it looks iffy for the SNB to hold the peg.

yields on 2 yr Swiss notes are negative and forwards imply a price around 1.1800

i am primarily a fundamental trader and for what its worth i think the ECB has to step up CONVINCINGLY and be a LARGE buyer in the sovereign bond market or its lights out. private money took LTRO as a way out and with the reetroactive CACs as a precendent i doubt it is coming back without a larger risk premium(mho)

Krasting;
http://www.zerohedge.com/contributed...em-switzerland
  • #76,823
  • Apr 17, 2012 2:23am Apr 17, 2012 2:23am
Quoting USD-Bear
morning,
Morning Bear.

That chart may get interesting pretty quick.

You playing? Setting up?
  • #76,824
  • Apr 17, 2012 2:27am Apr 17, 2012 2:27am
S EU 3135
Quant Hedge Fund CEO
  • #76,825
  • Apr 17, 2012 2:29am Apr 17, 2012 2:29am
london open is where it's at baby!!!!

done 50% of yesterday's total profit in the first 15 minutes... ZOWIE!!!
  • #76,826
  • Apr 17, 2012 2:31am Apr 17, 2012 2:31am
please dear lord..
Attached Image (click to enlarge)
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  • #76,827
  • Apr 17, 2012 2:31am Apr 17, 2012 2:31am
Quoting kenfen69
Morning Bear.

That chart may get interesting pretty quick.

You playing? Setting up?
hi ken, not yet, looking for an UJ long around 80 and for EUR need some solid levels on usdollar like 9895.
Don't like this chop-chop zone to initiate.
Great charts (and results) lately from your's, keep up the good work
Don't be a hero. Don't have an ego. Always question yourself
  • #76,828
  • Apr 17, 2012 2:32am Apr 17, 2012 2:32am
Quoting gatorinla
is 3177 real? it seems to fit.
the euro should get weaker compared to the gbp.. the gbp indicates a bunch higher.. if the euro weakens verses the gbp then maybe 3177 is enough.. but i doubt it .. if the gbp goes to 6053.. i think the euro will = or beat last weeks high. in a 2 hump formation as discussed Saturday with drunk ken.. i doubt we get to 3388.5 but if we break it.. i will look for 3587 and probably 37xx...
still .. but 3210 is in play..
Attached Image
those who can, do. those who cant, talk about those who can
  • #76,829
  • Apr 17, 2012 2:34am Apr 17, 2012 2:34am
Quoting roro53
had that pair long also but closed yesterday.......if the shtf on european debt it looks iffy for the SNB to hold the peg.

yields on 2 yr Swiss notes are negative and forwards imply a price around 1.1800

i am primarily a fundamental trader and for what its worth i think the ECB has to step up CONVINCINGLY and be a LARGE buyer in the sovereign bond market or its lights out. private money took LTRO as a way out and with the reetroactive CACs as a precendent i doubt it is coming back without a larger risk premium(mho)

Krasting;
http://www.zerohedge.com/contributed...em-switzerland...
Yeah, I just couldnīt resist that RR and having SNB behind your back is not exactly worthless either. I donīt think they are actually give up on that floor, cause it would cost them much more than a few yards - their credibility, the most precious posession of every central bank.

That said, the more PA knocks on 1.20 door, the more they are likely to introduce some more drastic "solution", my personal favourite is raising the floor to 1.24/25 or less likely, capital taxation.

We see how this play out, I can gain a lot and not risking much, also have a few sell orders down there as hedge, cause if this breaks, it will take 400 pips in no time.
Quant Hedge Fund CEO
  • #76,830
  • Apr 17, 2012 2:34am Apr 17, 2012 2:34am
potential tl res coming in around 57 if 'n' when...

edit- assuming it takes yesterday's high @ 48 that is... getting snagged on overnight range high for now...
  • #76,831
  • Apr 17, 2012 2:36am Apr 17, 2012 2:36am
Quoting FibbinArchie
london open is where it's at baby!!!!

done 50% of yesterday's total in the first 15 minutes... ZOWIE!!!
Good man, Arch!

Gotta be tough to knock her on the head...kip...and wake up. Hats off to you!
  • #76,832
  • Apr 17, 2012 2:37am Apr 17, 2012 2:37am
Quoting fxjawn
please dear lord..
Nice start!
  • #76,833
  • Apr 17, 2012 2:39am Apr 17, 2012 2:39am
Quoting USD-Bear
hi ken, not yet, looking for an UJ long around 80 and for EUR need some solid levels on usdollar like 9895.
Don't like this chop-chop zone to initiate.
Great charts (and results) lately from your's, keep up the good work
Thanks brother!

Enjoying the flat, too...seems to be the only chop-free zone of late!

Good luck today, mate...if and wherever you put in.
  • #76,834
  • Apr 17, 2012 2:40am Apr 17, 2012 2:40am
Quoting kenfen69
Good man, Arch!

Gotta be tough to knock her on the head...kip...and wake up. Hats off to you!
yep, positive start to this london open trading lark... early night tonight!! the early bird catches the worm...
  • #76,835
  • Apr 17, 2012 2:40am Apr 17, 2012 2:40am
Quoting gatorinla
still .. but 3210 is in play..
Pending orders at both...debating what I'll let fill, though.
  • #76,836
  • Apr 17, 2012 2:41am Apr 17, 2012 2:41am
Quote
Originally posted by FXMastermind
That said, the more PA knocks on 1.20 door, the more they are likely to introduce some more drastic "solution", my personal favourite is raising the floor to 1.24/25 or less likely, capital taxation.

We see how this play out, I can gain a lot and not risking much, also have a few sell orders down there as hedge, cause if this breaks, it will take 400 pips in no time.
i like your altitude on that subject, MM. thx for the response........i eamailed BK for follow up on the article;

here is the reply;

"I don't know what the SNB tactics will be. If I were running the show I would do as they are doing. Nibbling in the market to avoid a true test of the peg. But should the pressure build and we do get EURCHF sellers at 1.2000 I would buy every Euro out there. This would be the aggressive action. The hope would be to get everyone in the market short the CHF and then the possibility of 1.2050 - 1.21 exists.

That would make for "successful" intervention.

It is equally possible that the SNB is not aggressive and they just sit on the bid at 1.20. This would mean that market players don't lose. In order to have success the SNB has to punish the market.

I don't think the SNB has the balls to be aggressive. But if they don't have balls, this game is up in less than a month. So we are on the edge.
b"
  • #76,837
  • Apr 17, 2012 2:42am Apr 17, 2012 2:42am
Quoting FibbinArchie
yep, positive start to this london open trading lark... early night tonight!! the early bird catches the worm...
Fair play, Arch!
  • #76,838
  • Apr 17, 2012 2:43am Apr 17, 2012 2:43am
Quoting kenfen69
Nice start!
thanks bro that was an hour chart..

so i did not use a 5m to fluff it up
  • #76,839
  • Apr 17, 2012 2:44am Apr 17, 2012 2:44am
man when ej goes it just goes no back and fourth sassin about hittin stops on both ends
  • #76,840
  • Apr 17, 2012 2:45am Apr 17, 2012 2:45am
Quoting fxjawn
thanks bro that was an hour chart..

so i did not use a 5m to fluff it up


Oh I know where you're at!

Ya fluffer!
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