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The Really Useless Thread

  • #105,381
  • Aug 1, 2012 2:46pm Aug 1, 2012 2:46pm
Quoting kill56
the path is set berrny knows what NFP will be ,

one thing dragishitt will it be a water gon or ???


eye on es close below 1370's or above
Yeap. ES 1374/6.xx here. The actual NFP number on Friday will do the trick. After FOMC expecting NFP on the mean or a bit below of expectations (but not too low).

Strangely European stocks "holding" better the move (although FOMC was after european close so we need tomorrow open) but that tell a lot about "unexpected" BOE / ECB further cuts are still marginally on the table for tomorrow....

Euro in control until ECB. Any rate cut (BOE or ECB) will put stocks [to the moon]and gold back in full control.

Nothing "new" from the FOMC. Same bastard crying for more free money and weaker economic numbers and outlook across the globe.

TA-wise all working properly across the board. European indices (...FTSE) on the shy side but is damn summer in Europe so ...

Let see how we roll in the euro for tomorrow ECB.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #105,382
  • Aug 1, 2012 3:05pm Aug 1, 2012 3:05pm


expect to close mine and long 1.21675.
dreams do come true.
  • #105,383
  • Aug 1, 2012 3:23pm Aug 1, 2012 3:23pm
Quoting wannaberich


expect to close mine and long 1.21675.
thats the %23.6 from the draghi shitt zone

well done bro
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  • #105,384
  • Aug 1, 2012 3:28pm Aug 1, 2012 3:28pm
always good to see some confluence at a level

how u doin, bro?

Quoting kill56
thats the %23.6 from the draghi shitt zone

well done bro
dreams do come true.
  • #105,385
  • Aug 1, 2012 3:33pm Aug 1, 2012 3:33pm
Quoting wannaberich
always good to see some confluence at a level

how u doin, bro?


all great in here bro, today was so cool and pinkish
  • #105,386
  • Aug 1, 2012 4:06pm Aug 1, 2012 4:06pm
... Rejected June low at 288 ( an NFP day ) ... FOMC took us 2 pips from the mid of this recent little rally - below that July 13 low at 163 - the close of that candle at 249 adding pressure
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  • #105,387
  • Aug 1, 2012 4:15pm Aug 1, 2012 4:15pm
True

having a really good week. the most important thing: i'm banking my pips! no more "we can still go another 100 pips further". that's a huge ghost that seems further way everyday!


Quoting kill56
all great in here bro, today was so cool and pinkish
dreams do come true.
  • #105,388
  • Aug 1, 2012 4:53pm Aug 1, 2012 4:53pm
nice drop..
those who can, do. those who cant, talk about those who can
  • #105,389
  • Aug 1, 2012 4:57pm Aug 1, 2012 4:57pm
Quoting sisse
lol ..some BS of an algorithm problem...in any case, this time we are in selling levels at least (the last fat finger/algo failure one was at ridiculous levels and it was massive)...whatever the case, at the end the last "fat finger" only showed what was about to come a few weeks later (it was +300 points downtrend in the ES)...let see if this time is the same...

sisse
tell sign
those who can, do. those who cant, talk about those who can
  • #105,390
  • Aug 1, 2012 5:01pm Aug 1, 2012 5:01pm
Quoting chazzle
we outsourced it all to emerging economies , while our head is stuck in a computer or a smartphone - uk pmi lowest in 3 yrs - what will become of us? The all-singing all-dancing X-Factor puppets of China?
we got energy/commodities .. the most expensive ingredient in most manufacturing.. more then labor.. it makes the cost of producing things in the u.s. go down as china's labor cost increases
those who can, do. those who cant, talk about those who can
  • #105,391
  • Aug 1, 2012 5:10pm Aug 1, 2012 5:10pm
Quoting gatorinla
hint..: it happens more times then it does not
what?
those who can, do. those who cant, talk about those who can
  • #105,392
  • Aug 1, 2012 5:12pm Aug 1, 2012 5:12pm
Quoting gatorinla
maybe after 2384..
don't get surprised to go to 2184 area.
norm
those who can, do. those who cant, talk about those who can
  • #105,393
  • Aug 1, 2012 5:24pm Aug 1, 2012 5:24pm
Quoting gatorinla
norm

back to the same shitty levels we need a break man
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  • #105,394
  • Aug 1, 2012 5:25pm Aug 1, 2012 5:25pm
aud wants 038ties... a bounce to 0503 is normal.. eu completed 2242.. a bounce after is normal.. 2277 happens often..eu at 2234 atm
those who can, do. those who cant, talk about those who can
  • #105,395
  • Aug 1, 2012 5:30pm Aug 1, 2012 5:30pm
5:11 PM "The situation is dramatic," opines Nomura's Dmitris Drakopoulos. "The markets will react very badly if the ECB doesn't deliver." In the meantime, Italian PM Monti heads to Spain to try and convince the government to accept a bailout (triggering bond purchases by the rescue fund). The catch is Spain would have to give up its sovereignty much like Greece. The remainder of the week should be interesting.
  • #105,396
  • Aug 1, 2012 5:44pm Aug 1, 2012 5:44pm
.......Will it be rocks trowing?
The Chonchy
  • #105,397
  • Aug 1, 2012 6:30pm Aug 1, 2012 6:30pm
Quoting chonchy
.......Will it be rocks trowing?
whats unemployment in Spain? now the ones working get a pay-cut. the government spends less causing further unemployment added to depression type levels already. less people working causes less people paying taxes. causing more people into social services. causing spain less ability to pay what they cant pay already.. no different then greece, each will fail.. and when germany has it hand out, there will be no takers. after they burn it down, they can rebuild.
those who can, do. those who cant, talk about those who can
  • #105,398
  • Aug 1, 2012 8:43pm Aug 1, 2012 8:43pm
moved old ea s/l to just below 1681... and entered a new L at 1682.. i will either be s/o or in a good one... if we go lower just a few pips we should test the low. testing 1681 as i post
those who can, do. those who cant, talk about those who can
  • #105,399
  • Aug 1, 2012 9:20pm Aug 1, 2012 9:20pm
Quoting gatorinla
moved old ea s/l to just below 1681... and entered a new L at 1682.. i will either be s/o or in a good one... if we go lower just a few pips we should test the low. testing 1681 as i post
closed both on the tiny bounce to 84.. odds are we will test the low.. 1643 indicated
those who can, do. those who cant, talk about those who can
  • #105,400
  • Aug 1, 2012 9:35pm Aug 1, 2012 9:35pm
Have a bunch of shorts from the very top of the move down on A/U from last night. I'm concerned about the ECB rate decision tomorrow after Draghi's speach last time. Can anyone tell me what kind effect that this rate change would have on A/U?

It's pretty straight forward when you have a change on one of the currencies in a pair, but would be nice to have some clarification for this other circumstance.

Thanks
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