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  • #132,081
  • Mar 22, 2013 2:58pm Mar 22, 2013 2:58pm
US closing and Cyprus will be handle last minute over the weekend. Euro as expected since last week fighting for KEY 1.298x. Watchout for a runaway gaps back to last week close...

In my case, clearing all and flat across the board.

Bastard didn't get me the pleasure of all time highs in ES but satisfy with over 75% of the levels tested and with the right direction in Q outlooks. Quarter end with high grades in direction and analysis. Trading wise, excellent ES, very solid Euro, average gold, below mediocre Cable and poor OIL. I Can't complain.

Spring break and closing Quarter.

GL all trading next week.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #132,082
  • Mar 22, 2013 3:08pm Mar 22, 2013 3:08pm
Quoting Fudomyo
pardon me while I laugh out loud.
Closing my 2 day swing in cable here.. You can take the rest

I wish you all the best in your endevour .. my friend..
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  • #132,083
  • Mar 22, 2013 3:11pm Mar 22, 2013 3:11pm
Quoting PayTheLimit
Nothing makes the earth seem so spacious as to have friends at a distance; they make the latitudes and longitudes...

Henry David Thoreau






[color=#00009f][color=black]This is my last post. Time for me to move on. Its a lot more difficult saying goodbye that I envisioned. At any rate, thanks for putting up with me, thanks for the insight, and thanks for the laughs. I'll keep my PM open, which I will check from time to time if anyone wants to stay in touch. Good luck to all, trade well,...
Always enjoyed your posts and charts. Best of luck
What is any ocean but a multitude of drops?
  • #132,084
  • Mar 22, 2013 3:11pm Mar 22, 2013 3:11pm
Quoting Piters
Closing my 2 day swing in cable here.. You can take the rest

I wish you all the best in your endevour .. my friend..
Have a great weekend bro.
  • #132,085
  • Mar 22, 2013 3:13pm Mar 22, 2013 3:13pm
Quoting PayTheLimit
Nothing makes the earth seem so spacious as to have friends at a distance; they make the latitudes and longitudes...

Henry David Thoreau






[color=#00009f][color=black]This is my last post. Time for me to move on. Its a lot more difficult saying goodbye that I envisioned. At any rate, thanks for putting up with me, thanks for the insight, and thanks for the laughs. I'll keep my PM open, which I will check from time to time if anyone wants to stay in touch. Good luck to all, trade...
  • #132,086
  • Mar 22, 2013 3:17pm Mar 22, 2013 3:17pm
For PTL...

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  • #132,087
  • Mar 22, 2013 4:27pm Mar 22, 2013 4:27pm
Quoting pkimnyc


So good it hurts!!!
  • #132,088
  • Mar 22, 2013 5:22pm Mar 22, 2013 5:22pm
Quoting PayTheLimit
This is my last post. Time for me to move on. Its a lot more difficult saying goodbye that I envisioned. At any rate, thanks for putting up with me, thanks for the insight, and thanks for the laughs. I'll keep my PM open, which I will check from time to time if anyone wants to stay in touch. Good luck to all, trade well, live better....see you somewhere between the bid and the offer...

PTfukinL
.
Some thoughts...

1- This makes me sad.

2- Were there events leading up to this, or is everybody getting it dropped cold like I am?

3- On the scale of people I love, but am yet to physically meet...you're at the top of the chart, brother...WELL above the MID!

4- This really makes me sad.




Quoting PayTheLimit
...see you somewhere between the bid and the offer...
Arbitrage? You motherfakker...always riding the pig!!!

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As I really don't know how you've arrived where you are, I can only hope it is for greener pastures...and not a capital blowout. So...for those pastures...may your ride be smooth as you do your rounds...

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If you get bored out there...giz a shout!

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May each of your steps be more intriguing than the last!

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Stay golden, PTL!
  • #132,089
  • Mar 22, 2013 6:17pm Mar 22, 2013 6:17pm
Quoting sisse
Bastard didn't get me the pleasure of all time highs in ES but satisfy with over 75% of the levels tested and with the right direction in Q outlooks. Quarter end with high grades in direction and analysis. Trading wise, excellent ES, very solid Euro, average gold, below mediocre Cable and poor OIL. I Can't complain.

Spring break and closing Quarter.

GL all trading next week.

sisse
That'll do nicely, mate!

Ever the professional. Hope the pint is sweet.

Catch you soon.
  • #132,090
  • Mar 22, 2013 6:30pm Mar 22, 2013 6:30pm
Quoting Piters
Kenfen WHo ????
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My sweet prince!

How do, mofo? Extremely busy patch for myself. Lots of road time and air miles. Just home...and winter is being a persistent bastard. Buds on the trees are trying, but still the snow falls. Its coming close...and I thank you in advance for handing off your summer for some of the rest of us to try!

Hope you're well, mate. Look forward to a bit of "catch-up"...and excuse me while I pick your brain as to...what-in-the-holy-Mother-of-Mike-is-going-on-out-there!?!

  • #132,091
  • Mar 22, 2013 6:43pm Mar 22, 2013 6:43pm
Quoting Fudomyo
Mate.

You're far too emotional to be a trader.

Maybe you should reconsider your options.


I'm sorry Stew...just had to laugh here...that's some funny shite!

Too emotional to be a trader? Perhaps you should become an emotionalist? Forgive me if you've already explored this option and the letters of which I type should be canned to redundancy.



Funny stuff, Fudomyo.
  • #132,092
  • Edited 8:14pm Mar 22, 2013 7:51pm | Edited 8:14pm
Quoting Piters
Closing my 2 day swing in cable here.. You can take the rest

I wish you all the best in your endevour .. my friend..

Nicely done. Closed my EY retrace trade earlier at 123.42 (...which turned out to be the right place to get out.)


Why are you wishing me best of luck with my endeavors? Are we going somewhere? lol

To be honest, the current market is demanding a lot of focus so I've had even less time than normal lately. Even so, it's fun to hang out and goof around sometimes.

It does appear PTL is leaving, so best of luck with your endeavors mate.

But I don't take goodbyes too seriously around here. This place is like junk food. The refrigerator is always filled with ice cream so he might wander back in the middle of the night at some point for a snack.

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  • #132,093
  • Mar 22, 2013 8:41pm Mar 22, 2013 8:41pm
Quoting kenfen69
lol...


Nice to see you around. I hope everything's going well on your end.

Have a great weekend everyone!
  • #132,094
  • Mar 22, 2013 9:11pm Mar 22, 2013 9:11pm
Quoting kenfen69
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My sweet prince!

How do, mofo? Extremely busy patch for myself. Lots of road time and air miles. Just home...and winter is being a persistent bastard. Buds on the trees are trying, but still the snow falls. Its coming close...and I thank you in advance for handing off your summer for some of the rest of us to try!

Hope you're well, mate. Look forward to a bit of "catch-up"...and excuse me while I pick your brain as to...what-in-the-holy-Mother-of-Mike-is-going-on-out-there!?!
GM..

Hi mate.. Iam glad you are OK.. Im good.. trying to catch up between the sessions, and many times with long hour Nights..

Very Pinkish



Quote
An Irish man walks out of a bar...
............ Hay, It could happen!
  • #132,095
  • Mar 22, 2013 9:37pm Mar 22, 2013 9:37pm
Quoting Piters
GM..

Hi mate.. Iam glad you are OK.. Im good.. trying to catch up between the sessions, and many times with long hour Nights..

Very Pinkish
when do you sleep biggest animal on ff

don't need to say anything to that other bollocks
  • #132,096
  • Edited 5:41am Mar 23, 2013 2:25am | Edited 5:41am
Quoting kenfen69


I'm sorry Stew...just had to laugh here...that's some funny shite!

Too emotional to be a trader? Perhaps you should become an emotionalist? Forgive me if you've already explored this option and the letters of which I type should be canned to redundancy.



Funny stuff, Fudomyo.
Yeah I been accused of a lot of things but never emotional - my daughter's friends used to think I was in the Mafia(I'm not btw) - Most ppl think I'm pretty cold and unemotional, but I am passionate.

Passionate about trading, FF and Geopolitics - or is that the same thing - an obsession maybe.

Have a great we Ken and all,, i'm gonna go shovel some snow now - Global warming my arse - It's supposed to be spring for Chrissakes.
  • #132,097
  • Mar 23, 2013 5:06am Mar 23, 2013 5:06am
Not a prediction - just a possibility - depends what happens on Monday I guess.

http://www.seattlepi.com/news/articl...423.php#page-2

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  • #132,098
  • Mar 23, 2013 6:01am Mar 23, 2013 6:01am
Quoting cohiba pips
when do you sleep biggest animal on ff

don't need to say anything to that other bollocks
Are trying to call me Fatso ??
  • #132,099
  • Mar 23, 2013 10:37am Mar 23, 2013 10:37am
Hi guys,

I am still catching up with market, so here is a sum up of market conditions, which will be the base of the base of my trading system for coming months. Needed to say that a) I canīt fit all my thoughts here as it would end up as essay b) I don’t know nothing. So I am hoping you to expand, especially if you find some of my conclusions wrong.

I shall start with the very base. Democracy creates enormous pressure on public finances, as the herd is generally lazy. Combined with aging population, developed world has raised quite large debt/GDP ratio.Talking mainly about US and EU. These countries already show signs of overheated economy which are stagnating growth and high unemployment. Funnily enough, “Keynesian” leaders are still trying to get the economy running by additional fiscal stimulus. I need to apologize to lord Keynes here, who surely wouldn’t agree calling these moves “Keynesian policy”. Point is in those two words “overheated economy”. See, Keynes was suggesting additional fiscal stimulus,when economy works below its potential. Money invested by government should be producing growth and starting circle of consumer spending/confidence/job creation/tax revenues. Yet, as we can clearly see, growth ainīt picking up, and neither is consumer spending or unemployment. No need to talk about PIIGS here, but US is the same if you forgive headline numbers. Just take a look at U6 unemployment rate. US jobs market ainīt picking up, those people simply moved to part time jobs.

So we have overheated economy and “need” fiscal stimulus. But we have been borrowing for such a long time that we are practically insolvent. So politicians resorted to very old practices and relied on CBs to monetize their debt with easy policy which simultaneously boosts exports. Central banks buy bonds and government can make attempt to turn Keynes around in his grave and add fiscal stimulus to economy which ainīt working. Screw Roman Empire, Weimar, or Argentina, this time, it is going to work. For sure. So, in effect we have a bull market in bonds. Needed to say there are some differences in types of monetary stimulus. Negative real interest rates are the base, but it is those additional “free money” which are supposed to reliquify the market, where is the difference. So FED isn’t shy and it is directly funding government via QE and simultaneously healing scars of banking industry by buying MBS (which still remain from 2007 real estate bubble and are not MTM). While ECB canīt directly finance states, as it is forbidden by Lisbon treaty, it is doing its best to do so. Apart from interest rates and Draghiīs pledge to do “whatever it takes”, ECB is mainly focusing on reliquifying banking sector. For that purpose, they have been using LTRO and the great new scheme OMT (Which canīt be seen in balance sheet as those are off-balance sheet numbers) where they pledged to buy bonds of stressed countries, should the join EFSF/ESM programmes first. I wonīt be talking about circle of how banks are forced to buy EFSF bonds to use them as collateral, as it would take too long, but letīs just say EFSF is a junk bond. The important part here is financial sector is stressed because it gets direct hits from a) stagnating economy b) insolvent governments. Moreover, he still hadnīt recover from 2008 and collateral, which is deposited in ECB is basically junk, so whole system is running on razor thin capital. So, in conclusion I would say financial systems of both EU and US are very unstable and currently relying on CBs actions. And I dont think those actions will end anytime soon. (Btw, I have recently read an article from some lunatic talking about QE cubed and expanding FEDīs balance sheet exponentially)

Although FED is printing heavily, rising EURUSD creates enormous pressure on European economy and every time EUR gets too strong, some state struggles. In effect, corrections are quite fast and dollar strengthens. Btw, I don’t know how Canadian central bank behaves here and would be glad if someone expands. Combined with Japan “Abenomics “ concept of 2% inflation (I wonder how are they going to keep bond rates so low with this scheme), inflation in US still didn’t start to bite.

General conclusion is weakness of USD in coming months, I don’t see any drastic scenarios coming and will be closely watching Europe/Japan for corrections.

T
"I know one thing, that I know nothing." Sokrates
  • #132,100
  • Mar 23, 2013 10:53am Mar 23, 2013 10:53am
Quoting Piters
Are trying to call me Fatso ??






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