BEFORE and AFTER
The finest tool in the world still needs a MAN who KNOWS how to use it.
The Really Useless Thread
- #109,282
- Aug 31, 2012 1:52am Aug 31, 2012 1:52am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
hey bro are u ok
are u talking about ken
KEN ?? who ??
- #109,283
- Aug 31, 2012 2:04am Aug 31, 2012 2:04am
- Joined Jul 2010 | Status: Trader | 1,407 Posts
BEFORE and AFTER
- #109,285
- Aug 31, 2012 5:04am Aug 31, 2012 5:04am
- Joined Jan 2010 | Status: Trader | 11,001 Posts
G M junkieissssssssssss
QE OR NOT
- #109,286
- Aug 31, 2012 5:24am Aug 31, 2012 5:24am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
hey sisse, hatch and useless family- long time no see, hope all is well!
just a round up...
#686539
sisse, what is your take on the euro up to september 6 and 12? looks a bit like we are running out of buyers in line with reported record euro longs on zerohedge
I will give my update outlook after the monthly roll.
FA-wise I am bit cautious short term because the picture is not clear with FED QEs to world coordinated action and the ECB (that also have bonds and even cuts on the table). Is clear that the short/mid term FA macro looks a bit "positive" (well less negative I would said). A couple of neutral numbers from Europe with the ECB with the authority to do what a CB must do ...will be more than enough until US election (end of year).
On the mid term / long term. The picture could dramatically change on the dollar side. Once we clear all this QE's mumbojumbo thing can suddenly change for the dollar.
I want the FED and BB put and end to this QEs BS, an actually announce a massive QE to overshoot expectation and kill all the whinners once and for all making stocks and the everybody on board (real economy included) to have the first manic but real positive move of the last 4 years. After that for Q4 and Q1 2013 all the alarms triggered for FED hikes and beyond that will make the dollar stronger that we have ever seen in a decade.
On the euro debt side ...well nothing on sight for a FA change long term so same problems same all ...just hopefully the economy picking up (and politicians agreeing on something) can help rebuild the euro zone confidence.
TA wise, I will give my final verdict with Monthly roll. For today is all about
BB and as you have seen the eurocrats from the ECB are on a rampage with comments on intervention and etc but just air till later.
Setting the yearly low in play, monthly reversal also in plat (with roll around these levels), weekly and daily with a "last" swing play still going to at least 1.266x. Intraday, London killed the last push down very quickly on the open so only the strong weekly range sellers and strong weekly range buyers in plat for the news.
Bulls with the upperhand for the news for the swing to 1.266x, bear with the upperhand for the retrace before the news to 1.239x / 1.241x....
In my case, I am flat (stopped out on the remaining with London) now I am only tracking 1.236x for the M roll. It is looking very hard by the minute that I will get a trade in the euro today...but I will evaluate later with H4/NY/BB combo.
sisse
PS: @ Hatch I hope you woke up early and played with London...
Pending conversations? PM for a chat...I am mainly in OTM now
- #109,287
- Aug 31, 2012 5:31am Aug 31, 2012 5:31am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Pending conversations? PM for a chat...I am mainly in OTM now
- #109,288
- Aug 31, 2012 5:39am Aug 31, 2012 5:39am
- Joined Jan 2010 | Status: Trader | 11,001 Posts
PS: @ Hatch I hope you woke up early and played with London...
I am not really looking for shorts, except for a shake-out scalp. My bias is to the upside, because I don't think that the ECB will fail this time (last-chance-mode).
How far Bernanke will push the markets down is beyond me, but I have some levels in mind. We could even see a new low, before the ECB summit, but that's too far away for me atm.
http://www.forexfactory.com/attachme...4&d=1346322334
and where we stopped at London close... same chart.
- #109,289
- Aug 31, 2012 5:44am Aug 31, 2012 5:44am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Pending conversations? PM for a chat...I am mainly in OTM now
- #109,290
- Aug 31, 2012 5:47am Aug 31, 2012 5:47am
- Joined Jan 2010 | Status: Trader | 11,001 Posts
...sometimes is scary, isn't it? .... in my case I saw it but I was holding short and the move was too fast to react and shift sides. (damn eurocrats make a feast this morning).
Well ..is nothing to do now ....
sisse
My money-management has greatly improved since then, though positions are still small compared to what the "I told you so"-guys pull out at the beaches of the world... but I don't give a dime any more.
It just sucks that E/A left me out on that one.
2595.4 has to be closed above
- #109,292
- Aug 31, 2012 6:20am Aug 31, 2012 6:20am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Pending conversations? PM for a chat...I am mainly in OTM now
- #109,294
- Aug 31, 2012 6:35am Aug 31, 2012 6:35am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #109,295
- Aug 31, 2012 6:39am Aug 31, 2012 6:39am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
safe than sorry waiting for berrny to fart 
- #109,296
- Aug 31, 2012 6:57am Aug 31, 2012 6:57am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Pending conversations? PM for a chat...I am mainly in OTM now
- #109,297
- Aug 31, 2012 7:00am Aug 31, 2012 7:00am
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
