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The Really Useless Thread

  • #109,521
  • Sep 4, 2012 7:26am Sep 4, 2012 7:26am
Quoting gatorinla
sorry i didn't call.. i didn't get the message. but i did find the earrings.
i was wondering what happened
  • #109,522
  • Sep 4, 2012 7:29am Sep 4, 2012 7:29am
Quoting gatorinla
it didn't get this high.. 2358 is a um.. the mid acting as support atm is 2269.. this is the one for 1.1510 target. conflicted because the chf did not get the 600 pips at 9330. and the ej only got to the mid to 100.46 at 98.97 the gbp did not go to 1.5099 or 1.6164.. but the eu has completed the target to 2909.9. a pullback after is normal. be careful, bears want closes sub 2576.6 decisive.
2909.9 --> 2609.9

2576.6 Why is decisive?
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #109,523
  • Sep 4, 2012 7:29am Sep 4, 2012 7:29am
Quoting FibbinArchie
so you didn't get to meet the wizard of oz then?
dodged the bullet. there is many times a parade. this was the first.. the second and third bullet i need to dodge.
those who can, do. those who cant, talk about those who can
  • #109,524
  • Sep 4, 2012 7:38am Sep 4, 2012 7:38am
Quoting gatorinla
dodged the bullet. there is many times a parade. this was the first.. the second and third bullet i need to dodge.
biggies this week are draghi on thursday, ecb bond purchasing details and nfp friday, support or not for qe3, would be surprised if we break 250x downside or 270x upside until all that shit gets priced in, cld b wrong, let's see...

good to know you're safe and well anyways..
  • #109,525
  • Sep 4, 2012 7:43am Sep 4, 2012 7:43am
Quoting godim
2909.9 --> 2609.9

2576.6 Why is decisive?
2576 would be better. the day/week close after reaching 2609.9. bulls want to hold 2576. since retrace is normal after to the mid of the leg.
those who can, do. those who cant, talk about those who can
  • #109,526
  • Edited 8:04am Sep 4, 2012 7:46am | Edited 8:04am
a sub 2560 close this h could be indicative of bearish intent on the 4 h.
those who can, do. those who cant, talk about those who can
  • #109,527
  • Sep 4, 2012 7:47am Sep 4, 2012 7:47am
Quoting FibbinArchie
biggies this week are draghi on thursday, ecb bond purchasing details and nfp friday, support or not for qe3, would be surprised if we break 250x downside or 270x upside until all that shit gets priced in, cld b wrong, let's see...

good to know you're safe and well anyways..
Draghi was playing with fire in a very thin line. I personally think it was positive the we "do everything in your hands" card but after last week and yesterday I have changed my opinion.

I think he crossed the line between what a CB's can and can't do. He is playing politics (and Italian style politics which is even worst) all secrets and gossips, and etc ...too much BS for a serious CBanker. One thing is playing with expectations and other is playing in a "soap opera" ...

In my experience and opinion, markets don't like that and they can overact (and this time I would do the same ...I am on the bastards side of the argument this time). If he doesn't deliver something very clear and spectacular putting the €€€ where his mouth is by this week ...we can see the mother of sell panic legs in the euro ...

I am 99% against doom and gloom in trading but this time the ECB is really playing on the edge.... 1.255x last line of defense for bulls and momentum line to short side pre ECB ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,528
  • Sep 4, 2012 7:55am Sep 4, 2012 7:55am
Quoting sisse
Draghi was playing with fire in a very thin line. I personally think it was positive the we "do everything in your hands" card but after last week and yesterday I have changed my opinion.

I think he crossed the line between what a CB's can and can't do. He is playing politics (and Italian style politics which is even worst) all secrets and gossips, and etc ...too much BS for a serious CBanker. One thing is playing with expectations and other is playing in a "soap opera" ...

In my experience and opinion, markets don't like that and they can...
ah yeah, needs to be a positive action plan, fleshed out with detail, bundesbank is trying it's hardest to throw a spanner in the works, although any potential panic sell off in e/u could be well off set by a weak nfp number on friday...

spanish and italian yields / spreads are good indicators atm...

back to the ugly sisters slapping match...
  • #109,529
  • Sep 4, 2012 7:55am Sep 4, 2012 7:55am
Quoting gatorinla
it didn't come yet

sorry about that...

i told the couriers to turn sharp left after the bridge and blow the horn when they get to the gate

they say the bridge is gone
" Never let the past hold the future to ransom "
  • #109,530
  • Sep 4, 2012 7:57am Sep 4, 2012 7:57am
Quoting gatorinla
2576 would be better. the day/week close after reaching 2609.9. bulls want to hold 2576. since retrace is normal after to the mid of the leg.
Yes. This is something from your PA. I think the level is 2573. And it is for tomorrow. Today important level for the bulls is 2558. IMO
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #109,531
  • Sep 4, 2012 8:00am Sep 4, 2012 8:00am
Quoting sisse
Draghi was playing with fire in a very thin line. I personally think it was positive the we "do everything in your hands" card but after last week and yesterday I have changed my opinion.

I think he crossed the line between what a CB's can and can't do. He is playing politics (and Italian style politics which is even worst) all secrets and gossips, and etc ...too much BS for a serious CBanker. One thing is playing with expectations and other is playing in a "soap opera" ...

In my experience and opinion, markets don't like that and they can...
If Draghi wrote a cheque he cannot cash , the EU could very well be looking down the barrel . Expectations are being created , the market won`t settle for a loaf of bread, anything less than a bakery will be a disappointment.
" Never let the past hold the future to ransom "
  • #109,532
  • Sep 4, 2012 8:00am Sep 4, 2012 8:00am
Quoting godim
Yes. This is something from your PA. I think the level is 2573. And it is for tomorrow. Today important level for the bulls is 2558. IMO
agree, support from late friday / yesterday and weekly pivot area, but looking at the ny open i can easily see the potential for an excursion sub 2550, there is a large options expiration there in an hour, this was also cited in a reuters news wire today...

the picture may become clearer post expiration and once we have the us ism number...
  • #109,533
  • Sep 4, 2012 8:02am Sep 4, 2012 8:02am
Quoting gatorinla
a sub 2560 close this h could be inactive of bearish intent on the 4 h.
2564

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 47 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #109,534
  • Edited 8:12am Sep 4, 2012 8:07am | Edited 8:12am
Quoting FibbinArchie
ah yeah, needs to be a positive action plan, fleshed out with detail, bundesbank is trying it's hardest to throw a spanner in the works, although any potential panic sell off in e/u could be well off set by a weak nfp number on friday...

spanish and italian yields / spreads are good indicators atm...

back to the ugly sisters slapping match...
Oh sure agree that NFP needs to play out too for the actual TA part of the move.... Not sure about a weak NFP. In my opinion is the other way around, [agree] a weak NFP will make the euro rally (or avoid collapse if ECB disappoint) via FED QE.

An in line with expectations number will be more than enough to "erase" FED QE until next month which is last change for BB to do it before elections.

In any case, yeap sharp declines in the bond markets (check those Portuguese and Spanish 2 yrs !!!) especially in the 2yrs as the any ECB intervention will be there.... most of the impact is already digested before hand ...a ECB failure to deliver will crash, fast and furious, those EZ bonds to all time highs in "minutes"...

We'll see

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,535
  • Sep 4, 2012 8:08am Sep 4, 2012 8:08am
Quoting FibbinArchie
agree, support from late friday / yesterday and weekly pivot area, but looking at the ny open i can easily see the potential for an excursion sub 2550, there is a large options expiration there in an hour, this was also cited in a reuters news wire today...

the picture may become clearer post expiration and once we have the us ism number...
also 100 hour sma, fwiw..
  • #109,536
  • Sep 4, 2012 8:09am Sep 4, 2012 8:09am
Quoting Gleneagles
If Draghi wrote a cheque he cannot cash , the EU could very well be looking down the barrel . Expectations are being created , the market won`t settle for a loaf of bread, anything less than a bakery will be a disappointment.
Agree 100%...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,537
  • Sep 4, 2012 8:09am Sep 4, 2012 8:09am
Quoting sisse
a weak NFP will make the euro rally
yep agree, that's what i meant... based on risk flows...
  • #109,538
  • Sep 4, 2012 8:13am Sep 4, 2012 8:13am
Quoting FibbinArchie
yep agree, that's what i meant... based on risk flows...
Yeap, I misread your post the 1st time....I edited the original ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,539
  • Sep 4, 2012 8:17am Sep 4, 2012 8:17am
Quoting FibbinArchie
agree, support from late friday / yesterday and weekly pivot area, but looking at the ny open i can easily see the potential for an excursion sub 2550, there is a large options expiration there in an hour, this was also cited in a reuters news wire today...

the picture may become clearer post expiration and once we have the us ism number...
I do not look anything like that. I just have one template. For more than one month. Price moves in precisely this pattern. Why? I do not know.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_01.gif Size: 74 KB
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #109,540
  • Sep 4, 2012 8:25am Sep 4, 2012 8:25am
Quoting sisse
Yeap, I misread your post the 1st time....I edited the original ...

sisse
xD
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