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The Really Useless Thread

  • #127,361
  • Dec 12, 2012 1:41pm Dec 12, 2012 1:41pm
Quoting kenfen69
Way ahead of you...

Attachment

lol, sooo typical...
  • #127,362
  • Dec 12, 2012 1:52pm Dec 12, 2012 1:52pm
Quoting kill56
sisse get ready t long from 1412-1400 rather have 1400
Nice closes across the board. Can't complain, even oil was ticks away for the key 87.1 but all clear the path on highs so now we can move in peace. Fiscal cliff has the road clean both ways. Let the politicians decide if they want a RED or a White Christmas.

Quoting infinitus
http://www.zerohedge.com/news/2012-1...c-announcement

"Regime Change": The Critical Message In Today's FOMC Announcement
I cannot stand the guys in ZH when they talk like that. The perma amlost sick way of analyzing everything with doom eyes is now damaging with the number of readers and quotes they have across the web. Is unreal, is it like they walk with sunglasses in the middle of the night. I know that selling doom is always very good in our industry but I am starting to think they may have a different agenda...

IMHO, linking the FED expectation to actual real macro numbers is the best way for transparency, stability and certainty . Sure they may be some selling every time we get very good numbers as the odds of rate hikes will be closer but I will take it as profit taking for a nice retrace to load for the next wave up not as eternal QE speculation. ZH with article is dismissing and forgetting 90% of the investors of the world (not the short term speculators) and all the macroeconomic implication on inflation when the economy start picking up ...

Conspiracy doom theories that after the first good laugh are just to attract more readers IMO...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #127,363
  • Dec 12, 2012 5:10pm Dec 12, 2012 5:10pm
shiny is so pinkish es and dow tooo
  • #127,364
  • Dec 12, 2012 5:16pm Dec 12, 2012 5:16pm
yes metals getting smashed, strong volume, why?

i do have monthly stoch crossed to bearish.. but still

also monthly hidden bearish divergence


sigh... i didnt think this would matter because of the fundamentals


very possible just retesting lower for the higher low

like $28/29 sounds good for silver

i will buy there

maybe only retesting $30
Be hopeful in a winning position, and fearful in a losing position.
  • #127,365
  • Dec 12, 2012 5:28pm Dec 12, 2012 5:28pm
Quoting Rag2RichesFX
yes metals getting smashed, strong volume, why?

i do have monthly stoch crossed to bearish.. but still

also monthly hidden bearish divergence


sigh... i didnt think this would matter because of the fundamentals


very possible just retesting lower for the higher low

like $28/29 sounds good for silver

i will buy there

maybe only retesting $30
thanks to berrny , market did not like the way he talked about inflation and rates ,and fiscal cliff


i will long gold @1650 and keep it for long time unless we close below it
  • #127,366
  • Dec 12, 2012 5:36pm Dec 12, 2012 5:36pm
Quoting kill56
thanks to berrny , market did not like the way he talked about inflation and rates ,and fiscal cliff


i will long gold @1650 and keep it for long time unless we close below it

i dont think that was the case

today he was as loose as ever on monetary policy

and he said there may be additional tools we have yet to even come up with


he will not tighten even if the economy improves, they will keep the policy in place for a while to be sure of no slip back into recession

imo its been baked into the cake and now metals need to consolidate

but now that the policy is in place, the bull should continue to at least retest the highs, anyway ($1900 area)



it would be different if 500billion in treasuries was purchased all in the same month. but since its spread out, there is room for consolidation





im just shocked at market reaction due to the fundamentals that all


technically, metals are completely bearish (monthly hidden divergences), so maybe technicals are taking over temporarily (as it is monthly after all)


EU is the same case, needs pierce on 1.3380 or it will end up monthly hidden divergence
Be hopeful in a winning position, and fearful in a losing position.
  • #127,367
  • Dec 12, 2012 6:10pm Dec 12, 2012 6:10pm



Quoting Rag2RichesFX
yes metals getting smashed, strong volume, why?

i do have monthly stoch crossed to bearish.. but still

also monthly hidden bearish divergence


sigh... i didnt think this would matter because of the fundamentals


very possible just retesting lower for the higher low

like $28/29 sounds good for silver

i will buy there

maybe only retesting $30
Attached Image (click to enlarge)
Click to Enlarge Name: silver.jpg Size: 123 KB
"Millionaires don't use astrology, billionaires do"
  • #127,368
  • Dec 12, 2012 8:22pm Dec 12, 2012 8:22pm
4 Cornelius Kegs are now in my possession, with a 10# CO2 tank... oh yeah, PROJECT ON. 4 gauges + a 4 tiered manifold... glorious.
  • #127,369
  • Dec 12, 2012 9:29pm Dec 12, 2012 9:29pm
Quoting Venice
4 Cornelius Kegs are now in my possession, with a 10# CO2 tank... oh yeah, PROJECT ON. 4 gauges + a 4 tiered manifold... glorious.
Jealous!

  • #127,370
  • Dec 12, 2012 9:45pm Dec 12, 2012 9:45pm
Quoting kenfen69
Jealous!


sure honey
  • #127,371
  • Dec 12, 2012 9:54pm Dec 12, 2012 9:54pm
Quoting kill56
sure honey


Hey Mr! How goes it, killer?
  • #127,372
  • Dec 12, 2012 10:02pm Dec 12, 2012 10:02pm
Quoting kenfen69


Hey Mr! How goes it, killer?
Morning bro
I called you yesterday , have u got my voice message
  • #127,373
  • Dec 12, 2012 10:07pm Dec 12, 2012 10:07pm
Quoting kenfen69


Hey Mr! How goes it, killer?



not bad at all shiny gave up some honey fiber too
  • #127,374
  • Dec 12, 2012 10:26pm Dec 12, 2012 10:26pm
Quoting egkid
Morning bro
I called you yesterday , have u got my voice message


My brother...I did!!! (but only received it today for some reason) It made me ! In a good way, though.

Thank you so very much for the call. I'm sorry I didn't get a message through to you yet...have been really busy with friends and family in town. It really meant a lot to me, mate...thank you for the well wishes!

Hope you're doing OK over there? I keep watching the news to see what's happening. Not sure how accurate the coverage is here, though.

You've got a heart of gold, my friend. Again...really meant a lot to get that call. You're a good man.

Stay safe, my brother...and keep in touch.

Ken
  • #127,375
  • Dec 12, 2012 10:34pm Dec 12, 2012 10:34pm
Quoting kill56


not bad at all shiny gave up some honey fiber too
A lot of pips on offer of late, killer.

I'm sitting flat right now, but am 0.2% above what I wanted to pull out this month. Very tempted to jump back in, but part of me thinks I should just walk away. May try some fiber heading south with a tight stop above the highs, but it still looks pretty comfortable.

Shiny in no man's land right now (if flat). Aussie, EA and Oil as well. EU the only one I see that may be worth a shot.
  • #127,376
  • Dec 12, 2012 10:58pm Dec 12, 2012 10:58pm
Quoting fxjawn
Break one nine?
nein!
  • #127,377
  • Dec 12, 2012 11:19pm Dec 12, 2012 11:19pm
Risk my excess 0.2% on EC...

Attached Image


See if anyone is brave enough to try a quick run down ahead of their press conference (just over an hour). Would have to suspect a strong possibility of some heavy words there...and a sharp move higher after. Will almost certainly either have to sit on my hands, or play on, and look for a short on a retrace if it runs a 100+ pips higher.
  • #127,378
  • Dec 12, 2012 11:59pm Dec 12, 2012 11:59pm
Quoting USD-Bear
morning, chancing an AU short @ 1.0550
morning,

added some @ 1.0560 and shorted EU @ 1.3090 tight stop
USD/CAD almost there for a possible long
Don't be a hero. Don't have an ego. Always question yourself
  • #127,379
  • Dec 13, 2012 12:00am Dec 13, 2012 12:00am
Quoting kenfen69
Risk my excess 0.2% on EC...
Scalped...got enough for a coffee!

Flipped long...

Attached Image


Pending below. Stops below H1 200ema. Talk it up boys...er...CHF down, that is.
  • #127,380
  • Dec 13, 2012 12:12am Dec 13, 2012 12:12am
Quoting sisse
Quick TA outlook numbers for the FOMC. In order of relative strength and importance:
As always, after the fact, FOMC outlook update.

Gold, Oil and ES held resistance and momentum lines and Euro just held the intraday break.

1. Gold [Highlight] 1725x [/highlight] momentum line for 1800 with QE. .... Only and last level to track for the year is 1713.xx for the weekly roll. [Check]
2. ES key and last resistance before all time highs [Highlight]1441.xx.[/highlight] Break with QE open 1472.xx non stop on air...[Check]
3. Euro. Floor at 1.297x. Momentum line 1.316x to 1.334x non stop on QE. [Still in play]
4. Oil 86.1x floor and daily support. Be.....[Highlight]87.1 [/highlight]momentum line 91.6x with intermediat stop at 89.9x but will need extra FA later.[Check]

"[Highlight]A good part of a short term reaction via QE is already digested but not the meat of the move on the details[/highlight]. [check]....."

For today, even more positive news overnight from the EU. They finally agreed on a EZ banking supervisor and even the Brits are feeling good (I would say the City more than the Brits as in this the Government is just a puppet in the negotiations)to join a common EU framework. As always, they did it "a l'europe" way" so lots of bargaining and at the end a collage of provisions and technicalities that will take a few years and couple thousand of "experts" to decode the details....but at the end it chip in on the stability wave of news we had this week and is Euro positive as is one of the earliest solution on the table since the crisis started (2009 in my FA chart)...so only took 3 year ..

Actively tracking TA moves today in Gold (stopped out on the trailing overnight)and ES. On the Euro, no break no shake so just managing stops.

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