The Really Useless Thread

Fakking magnet!

Looks doable!

Good day to you, brother. Hope you're well.

yea this is the top i shorted off, which the head was made with the stop hunt yesterday...

so all we have here is nothing more than a choppy H&S top.. prob bc of the pending news... now it out of the way..

we just need to clear the neckline and the 1694 (bollom red line) i have here

just trying to show u why i posted what i did saturday and how it played out sunday.. went a bit higher than i wanted but that was good bc it confirmed the top more for me. lets hope it works out...

so far so good

yes Ken all in order I c you back on full action...good good...anything exciting happen in weekend?

best trades for ya today...

For anyone that hasn't read it, but wants to. Second paragraph is interesting (emphasis added by me)...

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Statement by Glenn Stevens, Governor: Monetary Policy Decision

At its meeting today, the Board decided to leave the cash rate unchanged at 3.50 per cent.

Having picked up in the early months of 2012, growth in the world economy has since softened. Current assessments are that global GDP will grow at no more than average pace in 2012. Most commodity prices have declined, which has helped to reduce inflation and provided scope for some countries to ease macroeconomic policies. Australia's terms of trade peaked nearly a year ago, though they remain historically high.

China's growth has moderated to a more sustainable pace, but does not appear to be slowing further. Conditions in other parts of Asia have recovered from the effects of last year's natural disasters, though the ongoing trend is unclear and could be dampened by the effects of slower growth outside the region. Growth in the United States continues, but at only a modest pace. The most significant area of weakness continues to be Europe, where economic activity has been contracting and policymakers confront the very difficult task of seeking to put both bank and sovereign balance sheets onto a sound footing, while promoting conditions for improved long-term growth.

Financial markets have responded positively to signs of progress, but Europe will remain a potential source of adverse shocks for some time. Low appetite for risk has seen long-term interest rates faced by highly rated sovereigns, including Australia, decline to exceptionally low levels. Nonetheless, capital markets remain open to corporations and well-rated banks and Australian banks have had no difficulty accessing funding, including on an unsecured basis. Share markets have remained volatile, though in net terms they have generally risen over the past couple of months.

In Australia, most indicators suggest growth close to trend overall. Labour market data show moderate employment growth, even with job shedding in some industries, and the rate of unemployment has thus far remained low.
Inflation remains low, with underlying measures near 2 per cent over the year to June, and headline CPI inflation lower than that. The effects of the price on carbon will start to affect these measures over the next couple of quarters. The Bank's assessment of the outlook for inflation is unchanged: it is expected to be consistent with the target over the next one to two years. Maintaining low inflation over the longer term will, however, require growth in domestic costs to continue their recent moderation as the effects of the earlier exchange rate appreciation wane.

As a result of the sequence of earlier decisions, monetary policy is easier than it was for most of 2011, with interest rates for borrowers a little below their medium-term averages. While it is too soon to see the full impact of those changes, dwelling prices have firmed a little over the past couple of months, and business credit has over the past six months recorded its strongest growth for several years. The exchange rate, however, has remained high, despite the observed decline in the terms of trade and the weaker global outlook.

At today's meeting, the Board judged that, with inflation expected to be consistent with the target and growth close to trend, but with a more subdued international outlook than was the case a few months ago, the stance of monetary policy remained appropriate.

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Short EA...150 Lots!

Had a great weekend, mate. Dinner at the favourite restaurant with my lady, then off to a friend's cottage for a couple days. Just relaxing...swimming in the lake...few beers. Good times!

How about you...find a bit of mischief?

my H1 view

A little fact about AUD is that the foreign bond holders account for about 10-15 % of the AUD exchange rate as of now. So any speculation about rate cut and you have some numbers now.... and actual rate cut should pretty much get rid of alteast half of those holders pretty quick. But there was no mention of rate cut so we are still left to guess! Bullish?

Good stuff, jawn-o!

Still so subdued. Rate held, and a pretty...we're in fine shape and Europe is fakked...statement. See what The Frank and London make of it. On their way shortly, at least.

Certainly looks possible, brother.

Lord knows I'm not going to argue with you...you're a doctor!

i think we will finally take out the 0800 on the aussie and continue on

Well...going into it, I had figured definitely NO change, but maybe talk of a future cut based on China slow-down, and shedding a few jobs, housing softening. I think that was what most people were expecting as a "vanilla" outcome. The fact that they addressed China, jobs, housing, etc, etc, etc as positive, and didn't give a SNIFF of a future cut..? Well...if I HAD to guess...I would have guessed Bullish!

But...I'm just one guy and those are my two cents...and apparently, that is NOT enough $ to move the market!

the market does not count whore's money

good luck with the bastards -- I'll report back later

Morning Kenyus and everyone

weekend I went to hunt .. the next day bbq ... and lots of beer ...macho night...

Demmit...I'm screwed!

2/3 dirty bastard closed...