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The Really Useless Thread

  • #109,841
  • Sep 6, 2012 7:58am Sep 6, 2012 7:58am
50% of yesterday's european open low to today's ecb rate announcement spike high, so far...
  • #109,842
  • Sep 6, 2012 8:00am Sep 6, 2012 8:00am
Quoting sisse
Clearer. Almost is all designed for Italy and Spain. Portugal, Greece are out of any bond buying. Ireland only when it come back to the markets. Short term bonds, conditionality via the IMF and the ECB has the discretion to stop whenever they want ...finally (and if it wasn't enough) softening some of the requirements for collateral, etc

Mid / Long term disaster outlook for the EZ economy ...so rate cuts wide open for next month(s)...

That's the core... watchout for those Spanish bonds collapsing in a few .... For the Euro needs the typical 3...
overall he's disappointed the market or not? what's your take?
  • #109,843
  • Sep 6, 2012 8:05am Sep 6, 2012 8:05am
what was up with that german journalist's question?

who the fuckin' hell are you draghi? to dictate europe's currency???

fair play tho' for having the balls to say it...
  • #109,844
  • Sep 6, 2012 8:09am Sep 6, 2012 8:09am
Quoting FibbinArchie
overall he's disappointed the market or not? what's your take?
Notcessarily, I thought it was almost as expected, except for the coorectiin of the GDP outlook. But the benefits might might already be priced in.
  • #109,845
  • Sep 6, 2012 8:11am Sep 6, 2012 8:11am
Quoting FibbinArchie
what was up with that german journalist's question?

who the fuckin' hell are you draghi? to dictate europe's currency???

fair play tho' for having the balls to say it...
about time, isn't it?
things are starting to rumble in Germany.
  • #109,846
  • Sep 6, 2012 8:11am Sep 6, 2012 8:11am
Quoting FibbinArchie
overall he's disappointed the market or not? what's your take?
Need to digest all the details.

I think it was good enough for the real FA part. Not sure if he could have done anything better given the circumstances. Is euro "positive" mid and long term.

Trading wise buy the rumor (from July on Draghi will do everything ...bla bla) completed in my books like always short term, the sell the news will start from the "holes" the bastards "holding shorts" find in the technicalities in a few hours.

The most negative part is coming from the awful forecast for the EZ economy...and that's the one to track on the euro for the next leg....

The news need to settle down to give a more specific TA and FA outlook...so I am sure we will talk about all this later ....for now Euro side solved short term, now we need to solve the other side of the equation: dollar via FED/QE/NFP

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,847
  • Sep 6, 2012 8:12am Sep 6, 2012 8:12am
Quoting 2046
Notcessarily, I thought it was almost as expected, except for the coorectiin of the GDP outlook. But the benefits might might already be priced in.
all that economic jargon tho' i just zoned out, and i've even studied economics at degree level...
  • #109,848
  • Sep 6, 2012 8:14am Sep 6, 2012 8:14am
Quoting Mr Hatch
about time, isn't it?
things are starting to rumble in Germany.
understandable really, well that's eu fiscal and monetary union for you..

where was he from der bild?
  • #109,849
  • Edited 8:36am Sep 6, 2012 8:15am | Edited 8:36am
Quoting sisse
Need to digest all the details.

I think it was good enough for the real FA part. Not sure if he could have done anything better given the circumstances. Is euro "positive" mid and long term.

Trading wise buy the rumor (from July on Draghi will do everything ...bla bla) completed in my books like always short term, the sell the news will start from the "holes" the bastards "holding shorts" find in the technicalities in a few hours.

The most negative part is coming from the awful forecast for the EZ economy...and that's the one...
well, was some nice scalping pa anyway..

yeah, nfp up next, but wld have to be a terrible number for qe in the very near term...
  • #109,850
  • Sep 6, 2012 8:27am Sep 6, 2012 8:27am
Quoting FibbinArchie
understandable really, well that's eu fiscal and monetary union for you..

where was he from der bild?
I don't know, I'm not watching, but I'd be amazed if any BILD-reporter got access to an ECB-conderence, as it is the worst newspaper in Germany. They are always the first to talk to the murder-victim... the aspect of truth is something absent from that paper.
  • #109,851
  • Sep 6, 2012 8:30am Sep 6, 2012 8:30am
2559 weekly pivot in view..

edit- wicks only below 50% of last up leg and dpp confluence so far...
  • #109,852
  • Sep 6, 2012 8:31am Sep 6, 2012 8:31am
Quoting Mr Hatch
I don't know, I'm not watching, but I'd be amazed if any BILD-reporter got access to an ECB-conderence, as it is the worst newspaper in Germany. They are always the first to talk to the murder-victim... the aspect of truth is something absent from that paper.
sounds like our THE SUN newspaper, who owns it? murdoch?
  • #109,853
  • Sep 6, 2012 8:31am Sep 6, 2012 8:31am
Bonds collapsing as expected. Spanish 2yrs breach below 3% and counting.

ECB over, NY for the 1st real reaction across the board. Expecting chop if don't break in the opening range until tomorrow NFP...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #109,854
  • Edited 8:58am Sep 6, 2012 8:38am | Edited 8:58am
ism at the top of the hour... break time...

damn i feckin' sold 2650 as well, but chickened out and closed for a scalp..
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  • #109,855
  • Sep 6, 2012 8:39am Sep 6, 2012 8:39am
Quoting FibbinArchie
sounds like our THE SUN newspaper, who owns it? murdoch?
lol... it's Springer-press in Germany, the same people who own Der Spiegel. Quality of news and articles rapidly declining.
  • #109,856
  • Sep 6, 2012 8:41am Sep 6, 2012 8:41am
Quoting julia2011
my sl: 2645
want 2510- 2490
if not today then by tomorrow
still waiting
i increase the sl: to 2660
coz advice of gator
  • #109,857
  • Sep 6, 2012 8:41am Sep 6, 2012 8:41am
Quoting Mr Hatch
lol... it's Springer-press in Germany, the same people who own Der Spiegel. Quality of news and articles rapidly declining.
red top tabloids, have they ever been decent?
  • #109,858
  • Sep 6, 2012 8:43am Sep 6, 2012 8:43am
e/u Option expiries (updated)

For the 1000NY/1400GMT cut
EUR/USD: 1.2500, 1.2525 1.2550, 1.2625(Large), 1.2635


By Pete Jackson || September 6, 2012 at 10:13 GMT



bbl...
  • #109,859
  • Sep 6, 2012 8:50am Sep 6, 2012 8:50am
Quoting gatorinla
last 4h closed b/o bull last h.. i like to let it pull back to 2663 or less 2499/2563.. to target 2755.. all crap if dragi fails.
either way a pullback before 2755 to 2663 happens more times then not.. even deeper the best r/r for this one is near 2498.. 2502.5 is a support. as is 2556.7 and 2610 with r at 2678 and less important 2644
nice trap. the bigger question is will the norm 21xx happen now, a bigger trap. poke a hole below 2498 and i close my L.. low atm is 2558
those who can, do. those who cant, talk about those who can
  • #109,860
  • Sep 6, 2012 8:54am Sep 6, 2012 8:54am
Quoting sisse
Well I don't see the break in h4 but in any case market is thin until ECB. There is a lot of noise in the wires so in my case is no man land intraday.

After all the "hawks" yesterday before ECB, now we have all the QE/bond buying naysayers in a row in the wires. Bundesbank making clear that they oppose to any bond buying against Merkel, most if not all politicians in the EZ and all the struggling EZ members...

As I mentioned to somebody else this is my general outlook for the next few hours:

Crash scenario is open only if ECB...
in candle trading it was a b/o. but candle trading gives no target. i added the target from other sources (2755, voided with 2497 low).
those who can, do. those who cant, talk about those who can
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