The Really Useless Thread

Your just an old bastard

good evening,

looking forward to an interesting ES-opening

Exactly!

Happy New Year and Sretan Bozic!! I will be expecting you here

did you hold over the weekend bear brave man imo if you did, I got burnt once about 4yrs ago trading with that old git above

im pretty sure your were about then as well gj kicked me in the goolies gapped big time against me so depending on the circumstances and my position

I won't hold ever again unless im a good distance from my opening postion it only takes one slip up to hurt real bad anyway

No, no position yet but wouldn't be surprised to get in to one tonight, might be a long night

B Patience it's time to go down

great stuff sisse!

this is quite a pearl for the FF community - highly entertaining and nevertheless serious. my excitement is no less than watching the oscars

thanks egkid,
no worry, patience is almost part of my personality

u 2$ whore. happy new year

will sokers hoppy naw year

i know some will have one befor us like pink power so

lets have a green year pink boots dont fak it up best of luck on trading sex hashoo bastards


i did enjoy u company last year had fun and it was one of the best trading years for thank u all pink botts

Hanging from the Cliff.

The circus in Washington continue until last minute. Few hours to the deadline and 3 hours to the last official announcement. Markets aligned for a "kicking the can" scenario with a half baked solution (rich taxes cuts and mid class taxes ext with some basic cuts) that will extend the negotiation for a couple of months but avoiding the worse of the cliff short term.

From a strictly TA point of view meaning a short term limited risk off scenario (mostly already digested across the board...current test ES 139x.x ) and dollar bearish continuation (euro 1.334x to 1.359x continuation after the mild risk off v short term to 1.312x). However knee jerk reaction still open on no deal at all (you never know with politicians) that will make the markets free fall without support of window dressing (opening 1330x in ES and 1.297x in euro as reference) on risk.

Nothing to see, and same trades and plan until the fiscal cliff is cleared.

Happy New Year to all and GL to those that still are hanging around fore the Cliff... In my case, last RUT awards nomination post coming next to close the year...

sisse

Happy New Year gentlemen - all the best

RUT awards 2012 and the Winners for the Best in the Market category are:

3. Markets

1. Best of Markets: ...and winners are:
   1. Best overall instrument to trade :. ES: Not the best performer but Good year for the S&P with a steady up trend , clean pullbacks timely tracking Fundamental in a rational path. Like always on the cheap side for margin, very liquid, clean chart and leading indicator in a lot of the key moves across the board....
      
   2. Most disappointing instrument given the early expectation:. GOLD: Without recession fears and panic as main mover across the board like the last 4 years and with CBs stretching monetary policy to the max , gold losing its shine on a range from top to bottom to top without smooth moves....
      
   3. Best Forex instrument:. Euro/Aud: A pleasant surprise. A smooth rider this year. It tracked perfectly the main FA swing of the year in very very steady moves. It captured flawlessly EZ panic mode early this year, the bottom on ECB "will do everything in its power to save the euro" to end the year perfectly with Q4 and fiscal cliff. TA-wise by far the best behave pair across the board.
      
   4. Noisier Forex Instrument:. GBP/USD: A chicken without a head. Up and down, caught between the ECB and the FED and the most confused bag of monetary policy between the BOE and the Government ended up just showing that Sterling has it's day counted as Major pair in the near futrure.
      
   5. Best sector/market that most Retail missed the train:. US Housing sector: First sector to trigger the recession the last one to leave pointing that US is out of the woods. Massive rallies across all correlated classes. For those who trade beyong Forex and the majors, from ETFs to in individual stocks, Housing and construction ruled and over-performed across the board. I hope some of the useless bastards caught some ....
      
   6. Best sector/market that most Retail jumped the gun:. Facebook: The sucker play of the year. Big bastards make a killer with FB. The textbook of "pump and dump". Bastard boiled over price pre IPO sucking lots of retail to jump in went it went public on the typical media driven manic selling the hell out of it right after the public opening.
      
   7. Burst of the year: Apple: Big names closed Appl at the highs with a very disappointing run of new products. The excitement is over, Apple welcome to the normal world..... Sadly, like with FB couldn't play the short side as it was a reserved for the Bastards only that have freely access to those plays....
      
   8. Potential game changer of the year:YEN: For the first time in many many years, YEN flirting with a potential bottom with a reversal in play next Quarter. The dying sluggish Japanese economy may need a lot of work from the monetary side with YEN as key factor if they want to avoid collapse .... next big crisis on the making (mid term) is cooking in Japan .... Time to put the Yen back on the trading chartbook next year...
      
      
   9. Best Central Banker of the Year Ben Bernanke: Some Americans (Republicans especially) can get jumpy with this but from a strictly monetary point of view is 2 thumbs up for BB. Bastards ruled QE1 and QE2 with the FED always lagging on the policy. It became a joke, where the FED was always playing catching up everytime the bastards cried wolf.... He broke the trend overshooting the policy (with QE3) and wrapped up nicely with a the best CB technical move in years anchoring QE to measurable targets (employment). Both inflation under control and unemployment steadily and clearly going down put the cherry on top. Brilliant whatever the politicians say....
      
   10. Worse Central Banker of the Year Mervyn king: The worst CB of the year by far and without competition. Printing money like mad, inflation hitting the higher in Europe, unemployment higher (even higher than EZ comparable countries), and to complete the deal it may not avoid (TBC in 2 weeks) a TRIPLE DIP.... a disaster.
       
       The contradictory policies in the UK between massive austerity cuts but printing money like mad only show how poor has been the BOE macro policy and is only comparable as ordering a double 1/2 pounder cheeseburger with bacon and extra larger fries and expecting the diet coke your order on the side to have an impact in your weight ...2 thumbs down for the BOE.... thankfully we have a new face this year.....
       

   
   The final post will include the following:

2. Best Call and Worst Bias of the year in FF:
3. Best TA poster of the year in FF:
4. Best FA poster of the year in FF:
5. Best Chartist of the year in FF:
6. Best Fib/EW/etc of the year in FF:
7. All the winners from the FF traders and thread section:
   
   The "official" announcement and prizes will be posted during next week or as soon as the hangover from Today's party goes away .... Thanks all for the feedback and comments.... and happy new year.
   

Closing shop for the year in a few as the Fiscal cliff announcement will be on the wires anytime from now....

sisse

Happy New 2013 from Australia

http://sphotos-e.ak.fbcdn.net/hphoto...00563346_o.jpg

I love this sisse

Enjoy your party and be safe ... till next year my friend

me no way save

Have A Happy, Healthy, Successful, And Prosperous New Year Everybody!

Another year older another year wiser!

All the best to y'all!

sooooooo too much vodka last night...

happy new year to one and all... xx

Only for half the year sisse... and we did close the year lower than the open

Thanks for the nomination and Happy New Year.

Correction: We closed the year higher. Must have hovered over the wrong candle by mistake.
Thanks to Halifax for pointing that out.