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The Really Useless Thread

  • #110,801
  • Sep 13, 2012 10:32am Sep 13, 2012 10:32am
Quoting Gleneagles
copper being replaced by fibre-optics now

it does not make nice bangles and earnings when melted
i see a side business for you to do when the internet is down. collect all that copper, hold onto it and then sell it for profit when the natives run out
  • #110,802
  • Sep 13, 2012 10:34am Sep 13, 2012 10:34am
if they're doing qe, i assume details will be in the statement, is this correct? thanks...
  • #110,803
  • Sep 13, 2012 10:35am Sep 13, 2012 10:35am
Quoting AllyB
i see a side business for you to do when the internet is down. collect all that copper, hold onto it and then sell it for profit when the natives run out

good idea , plus with the $ i get from all the empties in the garage i can make a decent living
" Never let the past hold the future to ransom "
  • #110,804
  • Sep 13, 2012 10:35am Sep 13, 2012 10:35am
Quoting FibbinArchie
if they're doing qe, i assume details will be in the statement, is this correct? thanks...
Doesn't QE make oil go up? We are approaching the 4$ a gallon mark again. I'm waiting for a huge QE disapointment... but on the off chance of them actually announcing it, i'm out of the market for the moment.
  • #110,805
  • Sep 13, 2012 10:37am Sep 13, 2012 10:37am
Quoting Venice
Doesn't QE make oil go up? We are approaching the 4$ a gallon mark again. I'm waiting for a huge QE disapointment... but on the off chance of them actually announcing it, i'm out of the market for the moment.
better ask gator, but i guess so..

guessing, dollar is devalued, also additional monetary liquidity stimulates industry, thus increasing demand...
  • #110,806
  • Sep 13, 2012 10:37am Sep 13, 2012 10:37am
Sure... maybe nobody has ever made money sitting on the sidelines... but no one has ever lost it either...
  • #110,807
  • Edited 10:49am Sep 13, 2012 10:38am | Edited 10:49am
Quoting Venice
Looks good Gman. I will need to actually see the switch in Daily flow first, but I may be on board when/if that happens on a pullback.
1h had a hammer.. no sense in me watching this one.. i may take a while to show.. or a minute to stop me out.. i have been looking for weakness..i have some here.. but below 71 i would have to reconsider. there is a big M there on the weekly trying to form (its incomplete).. but before it was there.. there was a W ..at 70 the M becomes a man.. i am long just above manhood. its fish or cut bait time. worth the 7 pips i donate 1/4%.. or 28 = 1%
28/800=28% reward compared to 1/4% loss if s/o
those who can, do. those who cant, talk about those who can
  • #110,808
  • Sep 13, 2012 10:42am Sep 13, 2012 10:42am
Quoting Gleneagles
good idea , plus with the $ i get from all the empties in the garage i can make a decent living
there you go
  • #110,809
  • Sep 13, 2012 10:46am Sep 13, 2012 10:46am
Quoting FibbinArchie
if they're doing qe, i assume details will be in the statement, is this correct? thanks...
Yes ...

....is going to be a long day. ECB conference are more predictable time-wise.

FED we have the written FOMC statement 1st, and after we need to wait for BB to read the same statement but the market will not settle until the questions are asked making the whole US session pretty much unsettle until the roll.

No man land until news ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #110,810
  • Sep 13, 2012 10:46am Sep 13, 2012 10:46am
Quoting FibbinArchie
if they're doing qe, i assume details will be in the statement, is this correct? thanks...
any takers? is it the statement or the press conference? guessing the statement, but want to be sure..
  • #110,811
  • Sep 13, 2012 10:47am Sep 13, 2012 10:47am
Quoting sisse
Yes ...

....is going to be a long day. ECB conference are more predictable time-wise.

FED we have the written statement 1st, and after we need to wait for BB to read the same statement but the market will not settle until the questions are asked making the whole US session pretty much unsettle until the roll.

No man land until news ...

sisse
okay thanks sisse...
  • #110,812
  • Sep 13, 2012 10:47am Sep 13, 2012 10:47am
Quoting FibbinArchie
if they're doing qe, i assume details will be in the statement, is this correct? thanks...
the bank sends you another credit card , the limit is normally highlighted

" We are ready to act "

" We will do whatever is necessary"

" We will use all the tools at our disposal "


I just wish the bars tarts will get things over and done with so we can resume trading
" Never let the past hold the future to ransom "
  • #110,813
  • Sep 13, 2012 10:52am Sep 13, 2012 10:52am
Quoting Gleneagles
the bank sends you another credit card , the limit is normally highlighted

" We are ready to act "

" We will do whatever is necessary"

" We will use all the tools at our disposal "


I just wish the bars tarts will get things over and done with so we can resume trading
lol,
  • #110,814
  • Sep 13, 2012 10:53am Sep 13, 2012 10:53am
ben's $500 billion money bomb, will he or won't he??
  • #110,815
  • Sep 13, 2012 10:58am Sep 13, 2012 10:58am
Quoting FibbinArchie
any takers? is it the statement or the press conference? guessing the statement, but want to be sure..
3 Scenarios for the Statement from the most probable to the least:

 

  1. The most probable outcome given chart and market reaction last few weeks since last BB comments, is: we have guarantee some kind of limited QE with extensions of low interest rates to 2014/15 and some tweaks to Twist.

    Most of the this is already digested in charts so if confirmed only the knee jerk reaction will be left for the move....
  2. A surprise announcement with "bazooka" open ended QE. This will put the market in a manic mode not seen in a while with a massive knee jerk reaction and after pullback before final assault to all time highs in equities and gold.
  3. A very but very disappointing FED meaning cutting any chance of further QE (very unlikely) or just mildly leaving open the typical "QE only if numbers, bla bla bla". In the 1st case, massive selloff across the board in one go until the weekly close straight away. In case of the 2nd case, Form a top and retrace in the making with the rejection of daily highs in all instruments...


For my TA levels in play check my NY open post for reference...

sisse

Pending conversations? PM for a chat...I am mainly in OTM now
  • #110,816
  • Sep 13, 2012 11:03am Sep 13, 2012 11:03am
Quoting sisse
3 Scenarios for the Statement from the most probable to the least:
[list=1][*]The most probable outcome given chart and market reaction last few weeks since last BB comments, is: we have guarantee some kind of limited QE with extensions of low interest rates to 2014/15 and some tweaks to Twist.

Most of the this is already digested in charts so if confirmed only the knee jerk reaction will be left for the move....[*]A surprise announcement with "bazooka" open ended QE. This will put the market in a manic mode not seen...
will do, and thanks for 'splainin' it so well...
  • #110,817
  • Sep 13, 2012 11:06am Sep 13, 2012 11:06am
nothing to do here.. bbl.. i don't know if qe is priced in already.. i do know we have s/r on the gbp 6162/70 ish ........chf 9334 ish and the eu 2962..ej 100.46/53... s/p 1437.69..
those who can, do. those who cant, talk about those who can
  • #110,818
  • Sep 13, 2012 11:18am Sep 13, 2012 11:18am
bb is not going to say. " the fed will not be there to help"
it will be the same crap as always. and the guy who interprets it and gets the most followers will show direction. the statement will be a recycle of the same words moved around. like the last 4 years is.. this guy will be selling something and wanting the masses to buy it. probably a big bank controlling what the media spits out.
those who can, do. those who cant, talk about those who can
  • #110,819
  • Sep 13, 2012 11:20am Sep 13, 2012 11:20am
Quoting gatorinla
? .. if low is lost.. 28xx posted earlier. regardless of if we break this low now or not, a bounce to 2919 is norm even after the low is broken.. but we still have s/r at 2915/16.
did we all run to one side of the ship? the low or 2933 is not broken
those who can, do. those who cant, talk about those who can
  • #110,820
  • Sep 13, 2012 11:21am Sep 13, 2012 11:21am
it's almost party time!
check out my blog: forexmademillionaire dot com
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