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The Really Useless Thread

  • #98,441
  • Jun 27, 2012 12:16pm Jun 27, 2012 12:16pm
Quoting Geppy
EDIT: haha, wow... must have not gotten enough sleep last night. Dyslexia for sure... meant SHORTS as in Bermuda shorts cause when I cash these babies in, that's where I'm going


NICE!!!

Thanks for clarifying. Thought you were being a greedy bastard all across the board! Was nearly going to have to insist you leave a few for some of the rest of us. You're good...play on.

AND enjoy Bermuda. THAT is how a portion of the winnings should always be spent. Nice run!
  • #98,442
  • Jun 27, 2012 12:20pm Jun 27, 2012 12:20pm
Quoting Geppy
In case anyone is curious, we're currently trading up against the 50% fibo retracement of the most recent drop. Not to mention, staying below 1.2480ish is a great sign for the bears.
I've been watching 2466/70, but what concerns me is the last two bar hourly combo, a spinner, followed by a strong bull bar, where the bulls kept the whole hour positive...
Look Sharp/Trade Tight
  • #98,443
  • Jun 27, 2012 12:23pm Jun 27, 2012 12:23pm
Quoting roro53
.....

i have been harping about Mervyn King lately and King leading what is quickly becoming a louder and louder plea for (much) more stimulus, and think King's role here is in line with a wider and probably coordinated intervention, but as you so accurately point out first things first

thanks again, and about the rant; fire away. it is all good i think
Well the coordinated CB action is one of the potential outcomes on the debt crisis so is definitively on the table.

On King, my opinion is very strong. I think the BOE is the worst CB by far this year. Although not all problems in the UK come from the BOE they have a direct responsibility on the latest problems.

Old fashion policies and almost academic responses to the crisis, myopic, lack of alternative policy initiatives, completely out of touch with Cameron economic plan, disconnected from economic reality inside the UK and especially at the EZ level. The BOE has been arrogant and incompetent to say the least....

The UK is the only major country in Europe (and in the OECD) in recession with the highest inflation in the develop world and they keep printing money like mad pouring money to the City and the Banks (which many of them are taxpayer owned) that are sitting in piles of cash creating only inflation.

You cannot cut the hell out of everything (budget cuts) and the same time print money like mad. They have been crowding out the impact on the cuts (which I mostly agree) and the economy via inflation ...You cannot have contradictory policies like that....it doesn't work not here not in Mars. Last numbers this week, show that the target deficit will INCREASE (after all the crap) with inflation and recession...

Sure in case of emergency (EZ collapse) a coordinate action will be need and maybe Mervyn King (and the BOE) can cover their mistakes with the excuse of EZ debt crisis...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #98,444
  • Jun 27, 2012 12:24pm Jun 27, 2012 12:24pm
Quoting Piters
4H bearish div [DX].. forming as a rising flag.. if that once gone, then Weekly Bearish DV is on table..
Cool cool. Nice one forming indeed, but dayum...in this range? I'm cautious to bring out my panda bear lots...that fat bastard!
  • #98,445
  • Jun 27, 2012 12:27pm Jun 27, 2012 12:27pm
Quoting sisse
...
Sure in case of emergency (EZ collapse) a coordinate action will be need and maybe Mervyn King (and the BOE) can cover their mistakes with the excuse of EZ debt crisis...

sisse
OUCH!!!

Not a glowing report then?
  • #98,446
  • Jun 27, 2012 12:30pm Jun 27, 2012 12:30pm
Quoting kenfen69
Cool cool. Nice one forming indeed, but dayum...in this range? I'm cautious to bring out my panda bear lots...that fat bastard!
it is forming mate.. from 1h to higher TF-s,

pay attention on EUR [W] too..

just an early warning signs ..

  • #98,447
  • Jun 27, 2012 12:32pm Jun 27, 2012 12:32pm
Quoting PayTheLimit
I've been watching 2466/70, but what concerns me is the last two bar hourly combo, a spinner, followed by a strong bull bar, where the bulls kept the whole hour positive...
The hourly bars don't concern me too much. I think it's much more telling of we test old support as resistance on the hourly. Doing so is only healthy to more downside momentum. It'll look pretty sexy of it holds.

I'm out for the rest of the day, see you jokers tonight.
check out my blog: forexmademillionaire dot com
  • #98,448
  • Jun 27, 2012 12:33pm Jun 27, 2012 12:33pm
Quoting Geppy
In case anyone is curious, we're currently trading up against the 50% fibo retracement of the most recent drop. Not to mention, staying below 1.2480ish is a great sign for the bears.
Banging off the M15 50ema, too...which is now sub 80. Also bearish...

Attached Image (click to enlarge)
Click to Enlarge Name: 15min.PNG Size: 48 KB


Many reasons this turd should be sinking. PTL...you keep a plunger in the office? Briefcase?
  • #98,449
  • Jun 27, 2012 12:35pm Jun 27, 2012 12:35pm
Quoting Piters
it is forming mate.. from 1h to higher TF-s,

pay attention on EUR [W] too..

just an early warning signs ..

Good stuff brother...thanks a lot. Definitely on my radar now. DX has been designated HALF of an entire monitor for the foreseeable future.

  • #98,450
  • Jun 27, 2012 12:38pm Jun 27, 2012 12:38pm
Quoting kenfen69

Many reasons this turd should be sinking. PTL...you keep a plunger in the office? Briefcase?

plunger gun armed and ready, and hang it on my belt...for a quick draw
Attached Image
Look Sharp/Trade Tight
  • #98,451
  • Jun 27, 2012 12:38pm Jun 27, 2012 12:38pm
Quoting kenfen69
Good stuff brother...thanks a lot. Definitely on my radar now. DX has been designated HALF of an entire monitor for the foreseeable future.

mate., signs are all over teh place..

OIL..? different storry, charts are saying that the whole drop from USD100, is a pure BS.. such a bullish Daily div. I havent seen for a while..
Same applies to Gold a nice hidden on daily too..

I am not saying that this is the turning point.. [I dont predict] but IF it is.. then is a nice and huge one.. :nerd:

P
  • #98,452
  • Jun 27, 2012 12:38pm Jun 27, 2012 12:38pm
nice. you got me beat lol....no arguments from this quarter, sisse...

i guess that is why Mervyn is starting to squeal?

save one, save all

Quoting sisse
Well the coordinated CB action is one of the potential outcomes on the debt crisis so is definitively on the table.

On King, my opinion is very strong. I think the BOE is the worst CB by far this year. Although not all problems in the UK come from the BOE they have a direct responsibility on the latest problems.

Old fashion policies and almost academic responses to the crisis, myopic, lack of alternative policy initiatives, completely out of touch with Cameron economic plan, disconnected from economic reality inside the UK and...
  • #98,453
  • Jun 27, 2012 12:40pm Jun 27, 2012 12:40pm
Quoting kenfen69
Banging off the M15 50ema, too...which is now sub 80. Also bearish...

Attachment

Many reasons this turd should be sinking. PTL...you keep a plunger in the office? Briefcase?
Good catch, Ken. I just sold some more LOL
check out my blog: forexmademillionaire dot com
  • #98,454
  • Jun 27, 2012 12:40pm Jun 27, 2012 12:40pm
Quoting PayTheLimit
plunger gun armed and ready, and hang it on my belt...for a quick draw


Fakking classic!

Somehow I knew you would be the man with the right tool! Brilliant!

  • #98,455
  • Jun 27, 2012 12:43pm Jun 27, 2012 12:43pm
Quoting Geppy
Good catch, Ken. I just sold some more LOL


Nice!

Its fresh in my head because jawn was showing me some of his uses for it last night. Your sell would be one of those very uses, I do believe.
  • #98,456
  • Jun 27, 2012 12:48pm Jun 27, 2012 12:48pm
Glad I can be your guinea pig.

Fak, I'm such a FF addict I'm on here on my iPhone.


Quoting kenfen69


Nice!

Its fresh in my head because jawn was showing me some of his uses for it last night. Your sell would be one of those very uses, I do believe.
check out my blog: forexmademillionaire dot com
  • #98,457
  • Jun 27, 2012 12:48pm Jun 27, 2012 12:48pm
Quoting Piters
mate., signs are all over teh place..

OIL..? different storry, charts are saying that the whole drop from USD100, is a pure BS.. such a bullish Daily div. I havent seen for a while..
Same applies to Gold a nice hidden on daily too..

I am not saying that this is the turning point.. [I dont predict] but IF it is.. then is a nice and huge one.. :nerd:

P
Cheers brother.

Turbulent times. I'm married to nothing. Are we going to get a ...Europe is truly saved...this weekend? Positive. Followed by 25/50bps cut? Negative. But the two cancel one another out and the EU range continues to shrink until it looks like the EurChf chart of late?

Hope not...because I'll be stealing PTL's gun from his holster trying to put one in my head. Not really sure a plunger to the head will work, though.
  • #98,458
  • Jun 27, 2012 12:49pm Jun 27, 2012 12:49pm
Quoting kenfen69
Cheers brother.

Turbulent times. I'm married to nothing. Are we going to get a ...Europe is truly saved...this weekend? Positive. Followed by 25/50bps cut? Negative. But the two cancel one another out and the EU range continues to shrink until it looks like the EurChf chart of late?

Hope not...because I'll be stealing PTL's gun from his holster trying to put one in my head. Not really sure a plunger to the head will work, though.
cool... GL
  • #98,459
  • Jun 27, 2012 12:50pm Jun 27, 2012 12:50pm
Quoting Geppy
Glad I can be your guinea pig.

Fak, I'm such a FF addict I'm on here on my iPhone.


I'm the same! Fak 'em! If your making money...is a healthy obsession!

Speaking of which...they need an App! Been saying it for a while. Bastards!
  • #98,460
  • Jun 27, 2012 12:51pm Jun 27, 2012 12:51pm
Quoting Piters
cool... GL
Which part?
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