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The Really Useless Thread

  • #108,761
  • Aug 28, 2012 8:13am Aug 28, 2012 8:13am
Quoting FibbinArchie
lol, i remember a few years ago on another prominent trading forum, some guy posted this video and said, you'll learn more about trading from this video than from most trading books...

didn't have a clue what he meant back then...

http://www.youtube.com/watch?v=8jmhlyuxULI

LOL

everything under control bro?

good to see you back mixing with the plebs again
" Never let the past hold the future to ransom "
  • #108,762
  • Aug 28, 2012 8:22am Aug 28, 2012 8:22am
Quoting kill56
dam thats a berrny rocket

Yup...." Pothole-of-the-Year" winner for 2012
" Never let the past hold the future to ransom "
  • #108,763
  • Aug 28, 2012 8:23am Aug 28, 2012 8:23am
Quoting Mr Hatch
ea now up to 2138ish, that's what's shown. still waiting for pb.

are you still in it or on the side for the pullback?
  • #108,764
  • Aug 28, 2012 8:27am Aug 28, 2012 8:27am
Quoting AllyB
are you still in it or on the side for the pullback?
half still in. it's tricky here for intraday plays. e/u is closing in to what could be a sturdy resistance, and e/a being that close could prove a grind-fest.
  • #108,765
  • Aug 28, 2012 8:30am Aug 28, 2012 8:30am
Quoting Mr Hatch
half still in. it's tricky here for intraday plays. e/u is closing in to what could be a sturdy resistance, and e/a being that close could prove a grind-fest.
good luck with it

yea remember the old 2585 here
  • #108,766
  • Aug 28, 2012 8:30am Aug 28, 2012 8:30am
Quoting Gleneagles
LOL

everything under control bro?

good to see you back mixing with the plebs again
hey glen, yeah back to trying to figure out this trading malarkey lol...
  • #108,767
  • Aug 28, 2012 8:32am Aug 28, 2012 8:32am
slightly cautious today of using atr and daily pivots, since yesterday was such a non-event...
  • #108,768
  • Aug 28, 2012 8:35am Aug 28, 2012 8:35am
Quoting AllyB
good luck with it

yea remember the old 2585 here
ea has just pierced the upper mofu towards 2138, not closed above it atm.
obama is going to speak about oil-reserves shortly... good excuse to burn some party hats.
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  • #108,769
  • Aug 28, 2012 8:36am Aug 28, 2012 8:36am
reckon we're close enough to 2550 strike level for a ruck... 25 mins till expiry, let's see...
  • #108,770
  • Aug 28, 2012 9:03am Aug 28, 2012 9:03am
cb conf - dire, maybe we do need stinkin' qe...
  • #108,771
  • Aug 28, 2012 9:04am Aug 28, 2012 9:04am
Quoting FibbinArchie
so what's the significance of draghi not attending jackson's arse hole this week, and why is it risk positive?

also heads up, hearing talk of large 2550 strike going off at today's ny cut (if we hold near current levels, then it could get a bit messy later...)
Just noise in my books. The reading is that if Draghi cancels the most important CBs meeting in the calendar because the ECB must be planning something big... whatever...

The point is sept coordinated action (ECB included via bonds too) is coming soon .......

Big miss in the Consumer Confidence and euro H4 starting to lose grip at the highs (testing daily R right now). Equities already lost all momentum up on Friday...watchout for the start of the pre moves before the real deal moves in the next couple of weeks ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #108,772
  • Aug 28, 2012 9:10am Aug 28, 2012 9:10am
Quoting sisse
Just noise in my books. The reading is that if Draghi cancels the most important CBs meeting in the calendar because the ECB must be planning something big... whatever...

The point is sept coordinated action (ECB included via bonds too) is coming soon .......

Big miss in the Consumer Confidence and euro H4 starting to lose grip at the highs (testing daily R right now). Equities already lost all momentum up on Friday...watchout for the start of the pre moves before the real deal moves ....

sisse
yeah cheers sisse, maybe mario got a better offer for the weekend... reading cb confidence as possibly mild risk on (not looked at correlated markets, equities, etc.), due to better case for qe, gonna be a rumour driven week ahead of jackson hole i think, but let's see...

edit- NQ dipped but recovered range, just.. (on significantly high m30 vol, i might add...)
  • #108,773
  • Aug 28, 2012 9:13am Aug 28, 2012 9:13am
Quoting FibbinArchie
yeah cheers sisse, maybe mario got a better offer for the weekend... reading cb confidence as possibly mild risk on (not looked at correlated markets, equities, etc.), due to better case for qe, gonna be a rumour driven week ahead of jackson hole i think, but let's see...
Yeap ... I expect awful days to come in the rumor mill front.

Not only all the QEs talk but we have election in the US in front line now and what is even worst, all the eurocrats and European politicians coming back from holidays will be going to the press trying to justify that they were "working" on the euro crisis during the summer ...so

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #108,774
  • Aug 28, 2012 9:15am Aug 28, 2012 9:15am
Quoting sisse
Yeap ... I expect awful days to come in the rumor mill front.

Not only all the QEs talk but we have election in the US in front line now and what is even worst, all the eurocrats and European politicians coming back from holidays will be going to the press trying to justify that they were "working" on the euro crisis during the summer ...so

sisse
+ spain, greece and ecb bond program, it's enough to make your head spin...

edit- and talk of possible risk of us downgrade i recall reading somewhere today...
  • #108,775
  • Aug 28, 2012 9:20am Aug 28, 2012 9:20am
well need a photo finish on that 2550 expiry, too close to call on the m1 chart...

i actually think the spread was straddling it on the hour role, so not sure how that works..
  • #108,776
  • Aug 28, 2012 9:44am Aug 28, 2012 9:44am
dammmmmmmm bad news equities gos up market no QE fakers

is that the last time we see es above 1400 befor jackson bott Hole ?

does draghishitt have the balls to do it befor sep (court) ? can he say no to puss puss (merkozy)

i dont know but sure i am high
  • #108,777
  • Aug 28, 2012 9:46am Aug 28, 2012 9:46am
Quoting Mr Hatch
ea has just pierced the upper mofu towards 2138, not closed above it atm.
obama is going to speak about oil-reserves shortly... good excuse to burn some party hats.
i do figure 2609.9 min.. but i dont know what the min is. i thought 2624 is a r. but i am getting some adam/e saying the 50ties. the gartly has 2607 as the top edge of the box. when at or above 2609 look for weakness. its the last one from the beginning. so the top should be close/ or at least 300 pips worth of pullback in norm times
those who can, do. those who cant, talk about those who can
  • #108,778
  • Aug 28, 2012 9:57am Aug 28, 2012 9:57am
Quoting FibbinArchie
well need a photo finish on that 2550 expiry, too close to call on the m1 chart...

i actually think the spread was straddling it on the hour role, so not sure how that works..
Central Time:
R|040770|2|08:59:59.144|1.25495|
R|040771|1|08:59:59.852|1.25480|
R|040772|1|08:59:59.856|1.25485|
R|040773|2|08:59:59.860|1.25490|
R|040774|1|08:59:59.878|1.25490|
R|040775|2|08:59:59.880|1.25495|
R|040776|1|09:00:00.047|1.25485|
R|040777|2|09:00:00.050|1.25490|
R|040778|2|09:00:00.052|1.25495|
R|040779|2|09:00:00.386|1.25490|
R|040780|2|09:00:00.575|1.25495|
R|040781|1|09:00:00.758|1.25490|
R|040782|2|09:00:00.761|1.25500|

A particular insurance company used to be a big, big player in event risk. They'd insure satellite launches, for example. Stand around and wait: 3..2..1..lift, and watch for 30 seconds to see if they had to pay out 250 million, or pocket the premium. Big fun, with other people's money.

Then they got even bigger into event risk. Credit default swaps. Even more fun, because the fees were bigger, and as long as it was other people's money on the hook, no risk, really.

The company was named AIG.

What I'd do if these fecking bonus babies wanted to play touch payoff games with my firm's money is say, okay, roll the dice. You win, you have a good month. You lose, you walk. Not after HR has a hearing, but at 9:01. Have your desk clean, and your box full, then let's have a seat, and watch.

This stupid crap would stop in a hurry.
  • #108,779
  • Aug 28, 2012 9:59am Aug 28, 2012 9:59am
Quoting gatorinla
i do figure 2609.9 min.. but i dont know what the min is. i thought 2624 is a r. but i am getting some adam/e saying the 50ties. the gartly has 2607 as the top edge of the box. when at or above 2609 look for weakness. its the last one from the beginning. so the top should be close/ or at least 300 pips worth of pullback in norm times
hey gator ... that storm still coming your way?
  • #108,780
  • Aug 28, 2012 10:00am Aug 28, 2012 10:00am
Quoting gatorinla
i do figure 2609.9 min.. but i dont know what the min is. i thought 2624 is a r. but i am getting some adam/e saying the 50ties. the gartly has 2607 as the top edge of the box. when at or above 2609 look for weakness. its the last one from the beginning. so the top should be close/ or at least 300 pips worth of pullback in norm times
what bothers me is the chf and the gbp say further strength verse usd.. i am going to discount them since the euro is driving.
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those who can, do. those who cant, talk about those who can
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