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The Really Useless Thread

  • #103,221
  • Jul 20, 2012 4:17pm Jul 20, 2012 4:17pm
Indices sure did get a kicking...

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Mildly surprised "they" allowed that to happen on a summertime Friday. Could be plenty of long faces on the streets...nobody spending!

  • #103,222
  • Jul 20, 2012 4:21pm Jul 20, 2012 4:21pm
I don't put too much faith into this stuff, but at these two brokers, still plenty of retailers long on EA...incentive to continue the drop and bleed them out...

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85% at one...72% at the other.
  • #103,223
  • Jul 20, 2012 4:23pm Jul 20, 2012 4:23pm
What happened? All the lights are out!!!

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Now is the point when I think the screens are still moving for the next four hours. Damn junkie!
  • #103,224
  • Jul 20, 2012 4:24pm Jul 20, 2012 4:24pm
Quoting kenfen69
Indices sure did get a kicking...

Attachment

Mildly surprised "they" allowed that to happen on a summertime Friday. Could be plenty of long faces on the streets...nobody spending!

DAMN! OJ got hit again, huh? Fire-sale!
check out my blog: forexmademillionaire dot com
  • #103,225
  • Jul 20, 2012 4:27pm Jul 20, 2012 4:27pm
Quoting Geppy
DAMN! OJ got hit again, huh? Fire-sale!
Getting pummeled!

Must be a great growing season! Need some natural disasters. A little July frost should do it!

  • #103,226
  • Jul 20, 2012 4:29pm Jul 20, 2012 4:29pm
Quoting Geppy
DAMN! OJ got hit again, huh? Fire-sale!
Soybean Meal is on a tear! I believe jawn-o's family has a pretty big interest there. An uncle maybe. Think he grows it.
  • #103,227
  • Jul 20, 2012 4:33pm Jul 20, 2012 4:33pm
Quoting kenfen69
Going to play with some of your indi's this weekend. My charts may look a little different next week.
I'm anxious wait for the results...
Always looking the GREAT, never left GOOD Point...
  • #103,228
  • Jul 20, 2012 4:35pm Jul 20, 2012 4:35pm
I'll be knocking around for a little while, but wanted to say...

Have a great weekend everyone. Was a very good week...nice and green. Good week in here, too!

Geppy: Glad we talked some stuff out. I like you. I consider you a valuable poster and hope you stick around. Now go get your 80's on!

Cheers folks.
  • #103,229
  • Jul 20, 2012 4:36pm Jul 20, 2012 4:36pm
Quoting Tsar
I'm anxious wait for the results...


I'll be sure to show. I'll make you proud, brother!

Thanks again for posting them!
  • #103,230
  • Jul 20, 2012 4:36pm Jul 20, 2012 4:36pm
Quoting kill56
jinkies have a great sexy hashoo weekend
Great Weekend for you and your Family...

Salam
Always looking the GREAT, never left GOOD Point...
  • #103,231
  • Jul 20, 2012 4:46pm Jul 20, 2012 4:46pm
Quoting kenfen69
I don't put too much faith into this stuff, but at these two brokers, still plenty of retailers long on EA...incentive to continue the drop and bleed them out...

Attachment

85% at one...72% at the other.
those who are long EA are in fact simultaneously long EU and short AU , there's no bleeding on the crosses ...

... ahem , so to speak



sorry god



  • #103,232
  • Jul 20, 2012 4:53pm Jul 20, 2012 4:53pm
Quoting chazzle
those who are long EA are in fact simultaneously long EU and short AU , there's no bleeding on the crosses ...

... ahem , so to speak



sorry god



Holy mother of fak! Will have to think about that one, Dr! Maybe...

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But...if a broker is reporting stats on a cross...EA for instance...are you saying they aren't reporting stats specifically based on open client positions on that pair? They're actually using an aggregate of Long EU and short AU positions to report their figures?

As I said...I think I may have the dumb.
  • #103,233
  • Jul 20, 2012 4:57pm Jul 20, 2012 4:57pm
Sweet jaysus...

NOT the Batman I want to see. WTF is the matter with people?

12 killed, 59 wounded in Colorado theatre shooting

"The suspected gunman, identified as James Holmes, a 24-year-old doctoral student in neuroscienc..."

"FBI agents and police used a hook-and-ladder fire truck to reach Holmes' apartment in Aurora. They put a camera at the end of a 12-foot pole inside the apartment and discovered the unit was booby-trapped. Authorities evacuated five buildings as they tried to figure how to disarm the flammable and explosive material."

Good gawd.
  • #103,234
  • Jul 20, 2012 5:07pm Jul 20, 2012 5:07pm
I guess no record weekend for Batman.

Not that that matters, given the circumstances, but Jaysus...what a fakking waste.

Wish to hell I didn't read that.
  • #103,235
  • Jul 20, 2012 5:16pm Jul 20, 2012 5:16pm
hey big K,

went to that interview today. went good. hope to get news in a couple of weeks. in the mean time, i don't like this "don't know where to turn" feeling... i need to spend some money if i am going to go forward with my company but it will be a complete waste if i end up working "in space".

and i feel lazy as fuck, bro. too damn hot here these days. got some greenhouse work to do but who can work inside a greenhouse when it's 37ºC outside!

let's see how i wake up tomorrow...

Quoting kenfen69


Hope you're well, mate!

Did you get your planters? Plenty to do this weekend, or can you relax a little?
dreams do come true.
  • #103,236
  • Jul 20, 2012 5:17pm Jul 20, 2012 5:17pm
Quoting kenfen69
Holy mother of fak! Will have to think about that one, Dr! Maybe...

Attachment



But...if a broker is reporting stats on a cross...EA for instance...are you saying they aren't reporting stats specifically based on open client positions on that pair? They're actually using an aggregate of Long EU and short AU positions to report their figures?

As I said...I think I may have the dumb.
no , not saying that - but any cross is just a calculation of the majors involved , in this case EA = EU/AU -- so if there is any squeeze it's predominantly on the majors themselves because they have the vast bulk of the volume in the market. Those who look at EA chart and say "wow this mofo dropped so much it's gotta bounce sometime soon , I'm getting long , etc" are in fact stating " EU is due for a bounce , I'm going long " and " AU has had a bit of a run , I'm going short " , simultaneously - they are adding liquidity for AU bulls/EU bears ,,, etc etc blah blah -- -- I'm waffling a bit -- I got stopped on my EA long from beginning of the week

http://www.forexfactory.com/showthre...26#post5842526
  • #103,237
  • Jul 20, 2012 5:22pm Jul 20, 2012 5:22pm
Quoting kenfen69
Sweet jaysus...

NOT the Batman I want to see. WTF is the matter with people?

12 killed, 59 wounded in Colorado theatre shooting

"The suspected gunman, identified as James Holmes, a 24-year-old doctoral student in neuroscienc..."

"FBI agents and police used a hook-and-ladder fire truck to reach Holmes' apartment...
I was wondering why nobody was talking about this in here this morning, then I remembered that most of you guys are international.

This was ALL over the news when I woke up this morning. The gf was sitting on the couch watching a bunch of survivors recounting the events. It's pretty horrific.
check out my blog: forexmademillionaire dot com
  • #103,238
  • Jul 20, 2012 5:22pm Jul 20, 2012 5:22pm
Quoting kenfen69
Geppy: Glad we talked some stuff out. I like you. I consider you a valuable poster and hope you stick around. Now go get your 80's on!

Cheers folks.
Awww... how sweet of you. Feeling the love!
check out my blog: forexmademillionaire dot com
  • #103,239
  • Jul 20, 2012 5:26pm Jul 20, 2012 5:26pm
Quoting kenfen69
But...if a broker is reporting stats on a cross...EA for instance...are you saying they aren't reporting stats specifically based on open client positions on that pair? They're actually using an aggregate of Long EU and short AU positions to report their figures?

As I said...I think I may have the dumb.
I can't say for certain, but this is what I would expect.

I used to trade spot and futures FX for a hedge fund in Chicago for ~2 years. All crosses are 'synthetic pairs', meaning there's no way to trade them directly.

If we had to do some size in something like EUR/AUD or EUR/GBP we did what we'd call a "triangle trade": buy EUR/USD while simultaneously selling USD/AUS so that the USD would cancel out and we'd be essentially long EUR/AUD.

I'm not sure how it's handled on the retail broker's side, but it wouldn't surprise me if it was handled in a similar fashion.
check out my blog: forexmademillionaire dot com
  • #103,240
  • Jul 20, 2012 5:41pm Jul 20, 2012 5:41pm
Quoting Geppy
I was wondering why nobody was talking about this in here this morning, then I remembered that most of you guys are international.

This was ALL over the news when I woke up this morning. The gf was sitting on the couch watching a bunch of survivors recounting the events. It's pretty horrific.
Absolutely tragic!

Don't know how I missed it...just wicked busy these days. Wish I missed it altogether, because I feel a little sick now. One of the dead was a 25 y/o girl that was an NHL sports writer, too. Just at the start of her career.

Dreadful.
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