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The Really Useless Thread

  • #109,741
  • Sep 5, 2012 9:54am Sep 5, 2012 9:54am
Quoting gatorinla
i don't see where they are saying they will buy any bonds tomorrow. if wrong correct me.
Well basically textbook "buy the rumor sell the news". Those who bought Draghi's "we will do whatever it takes" (1.212x) before August break knew it that bond buying was coming.

After that we have a couple of "slips" on the same on the 1.239x and the late ones today from almost every single eurocrat and politicians at 1.250x today. Tomorrow is the news so most of the juice of the move is already digested ....

Nobody is saying they will buy bonds tomorrow. They are just confirming "authorizing" the ECB to buy bonds when it needs (a.k.a preparing for Spain to ask for a bailout in a few weeks and the typical Grexit Drama later this month).

Actually we need to look for any loopholes on the technicalities when Draghi start talking to start selling if NFP/FED disappoints with QE. A well deliver and stealth ECB plan can put the euro to the roof (but that look very difficult if not impossible knowing the EZ political limitations).

In any case, today we had ECB "leak", EU Rompuy, Monti and Hollande among the important "confirming" ECB "right" to do whatever it has to do in the bond markets and to put the cherry on top Merkel saying that it will be "acceptable" bond buying in the short term ....All of them are from speeches, interviews with the press, leaks and slips of mouth ...so is not in a written document ....

sisse

PS: edit and breaking ....More from ECB right now ...no Rate cut tomorrow and no bond bands
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,742
  • Sep 5, 2012 9:55am Sep 5, 2012 9:55am
Quoting gatorinla
dont know.. London closes in 40 min.. if it goes up close to that time. its conceivable London traders are closing shorts or vice verse with closing longs. watch what way the spike goes just before/at close.. those traders are biased the opposite.
you mean if the spike up , then the trend short for next day
  • #109,743
  • Sep 5, 2012 9:57am Sep 5, 2012 9:57am
Sisse, I don't know how you keep up with that stuff. I'd be pissed off, annoyed, and all around ill tempered. Just want to strangle them all. LOL.

Cheers mate, and thanks for the status updates of what drama is unfolding.
  • #109,744
  • Sep 5, 2012 9:58am Sep 5, 2012 9:58am
earthquake 7.9 sa
those who can, do. those who cant, talk about those who can
  • #109,745
  • Edited 10:14am Sep 5, 2012 10:02am | Edited 10:14am
Quoting Venice
haha right on. FOC is fun, it's like a more polished version of the last one... haven't played the campaign yet, still only playing multiplayer as well. Keeps me busy and allows me to unwind for a few hours each day.
multiplayer is def where it's at with game development these days...

check out my stats, nearly up to 1000 hours of logged game play...
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  • #109,746
  • Sep 5, 2012 10:03am Sep 5, 2012 10:03am
Quoting Venice
Sisse, I don't know how you keep up with that stuff. I'd be pissed off, annoyed, and all around ill tempered. Just want to strangle them all. LOL.

Cheers mate, and thanks for the status updates of what drama is unfolding.
Well me too...lol

Is easier to keep up when that is the only thing that is in play across the board until tomorrow and most players are just coming back from summer break waiting for the next leg.... but it is definitively a pain in the ass when is in the middle or interfere with natural market flows and you are in the middle of a trade ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,747
  • Sep 5, 2012 10:06am Sep 5, 2012 10:06am
Quoting FibbinArchie
multiplayer is def where it's at with game development these days...
Yep. From what I hear, the latest call of duty campaign was finish-able in 3 hours. I'd be pissed if I was really into the campaign aspect of it.
  • #109,748
  • Sep 5, 2012 10:07am Sep 5, 2012 10:07am
Quoting julia2011
you mean if the spike up , then the trend short for next day
nothing is a certainty.. lots of variables. never a blank statement. those who sell like a higher price and vice verse. study that close and the interaction with other closes. along with the variables.. many who close here now.. would like to get back in at a = or better price then they closed at in their biased direction.
those who can, do. those who cant, talk about those who can
  • #109,749
  • Sep 5, 2012 10:09am Sep 5, 2012 10:09am
Quoting sisse
In any case, today we had ECB "leak", EU Rompuy, Monti and Hollande among the important "confirming" ECB "right" to do whatever it has to do in the bond markets and to put the cherry on top Merkel saying that it will be "acceptable" bond buying in the short term ....All of them are from speeches, interviews with the press, leaks and slips of mouth ...so is not in a written document ....
but it is a combined effort to keep the market above 1.250 and 1.580.
the reason they "leaked" 1 day earlier..
  • #109,750
  • Sep 5, 2012 10:12am Sep 5, 2012 10:12am
10:55 AM "The complacency is staggering," says an asset manager of the corporate bond market (specifically Europe). When France is able to sell debt at negative rates, just about any corporate issue with a plus sign in front of the yield is going to look good to fund managers. "We are facing quite binary outcomes; investors should be concerned.

sisse i am watching es at the eu closing and till now it looks they are not buying the shitt from ECB , 20m more and we will find out
  • #109,751
  • Sep 5, 2012 10:25am Sep 5, 2012 10:25am
Quoting Venice
Yep. From what I hear, the latest call of duty campaign was finish-able in 3 hours. I'd be pissed if I was really into the campaign aspect of it.
new cod looks pretty shit imo, hoping the new moh isn't going to be more like bf than moh...
  • #109,752
  • Sep 5, 2012 10:29am Sep 5, 2012 10:29am
Quoting FibbinArchie
new cod looks pretty shit imo, hoping the new moh isn't going to be more like bf than moh...
I only get COD for the zombies... so I am looking forward to that. I enjoyed battlefield, but it has run it's course too...
  • #109,753
  • Sep 5, 2012 10:39am Sep 5, 2012 10:39am
Quoting Venice
I only get COD for the zombies... so I am looking forward to that. I enjoyed battlefield, but it has run it's course too...
not played cod since mw2, don't really like bf way to over complicated, here's the new moh multiplayer gameplay trailer... slightly concerning that it does look so much like bf...

Inserted Video


same development team as bf, looks like they're putting in shit like prone and killcam, they're doubling the number of classes, all bullshit, all going to slow down the pace and turn it into a camp fest...
  • #109,754
  • Sep 5, 2012 10:40am Sep 5, 2012 10:40am
Quoting sisse
Well basically textbook "buy the rumor sell the news". Those who bought Draghi's "we will do whatever it takes" (1.212x) before August break knew it that bond buying was coming.

After that we have a couple of "slips" on the same on the 1.239x and the late ones today from almost every single eurocrat and politicians at 1.250x today. Tomorrow is the news so most of the juice of the move is already digested ....

Nobody is saying they will buy bonds tomorrow. They are just confirming "authorizing" the ECB to buy bonds when it needs (a.k.a...
whats the esm? I mean what, where is it? does it exist?
has Spain and Italy asked for money?
are not these the conditions dragi stated?
1.forming the esm? (have to wait for the German courts)
2. Spain and Italy have to ask.
those who can, do. those who cant, talk about those who can
  • #109,755
  • Sep 5, 2012 10:48am Sep 5, 2012 10:48am
Quoting gatorinla
whats the esm? I mean what, where is it? does it exist?
has Spain and Italy asked for money?
are not these the conditions dragi stated?
1.forming the esm? (have to wait for the German courts)
2. Spain and Italy have to ask.
if a bear shits in the woods, does a falling tree make a sound?
those who can, do. those who cant, talk about those who can
  • #109,756
  • Sep 5, 2012 10:51am Sep 5, 2012 10:51am
Quoting gatorinla
if a bear shits in the woods, does a falling tree make a sound?

u smell it it looks a lot of ppl will get fucked by the ECB tomo
  • #109,757
  • Sep 5, 2012 10:53am Sep 5, 2012 10:53am
bbl
those who can, do. those who cant, talk about those who can
  • #109,758
  • Sep 5, 2012 10:54am Sep 5, 2012 10:54am
Quoting kill56
u smell it it looks a lot of ppl will get fucked by the ECB tomo
but if you don't smell it, does the bear still shit in the wood?? O_o
  • #109,759
  • Sep 5, 2012 11:10am Sep 5, 2012 11:10am
weekly chart eu
this why im shorting eu
see you all down
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  • #109,760
  • Sep 5, 2012 11:43am Sep 5, 2012 11:43am
Quoting gatorinla
whats the esm? I mean what, where is it? does it exist?
has Spain and Italy asked for money?
are not these the conditions dragi stated?
1.forming the esm? (have to wait for the German courts)
2. Spain and Italy have to ask.
Agree but that's the actual news when it happens (if it happens) we are trading the expectation of having or not having the ECB behind the next crisis ....

In any case, compress range across all markets, gold also joining this party BUT only intraday as is the only one in a clean break before QE's .....Except a last minute tweet, news, gossip, rating agency, etc (very possible on the close) there is nothing to see until ECB tomorrow...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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