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The Really Useless Thread

  • #133,921
  • Apr 19, 2015 5:32pm Apr 19, 2015 5:32pm
Quoting Pharm0r
{quote} Next time you're on my side of the Hemisphere, remind me 2 weeks ahead...
Will...promise. Happens often...just usually involves a major hub. 2 weeks is loads of heads up, though...particularly in your neck of the woods.

Quoting Pharm0r
{quote} Maybe I can use all my fx profits...
When I was around/between 26/28...I used to think: the brighter the light... the higher the floor... the blonder/redder... ... !!! Thankfully...I had an Amazing (unrelated bizness) mentor that sorted that shit out...real quick!

Best of everything comes from your soul. Man/woman/devil...will fight for your heart...but you own your soul. Point is...

Best meals are free! hahahahahaha

Sorry if that sounds silly. So fukking true, though.

Gotta roll. Hoping to land before Vancouver and Calgary finish their biz.



Quoting Pharm0r
{quote} I know a place or two in NY you can get a blumpkin if you really want one. Gotta tip well though Maybe convince Hatch to grab is cane & donut to come with...
Whoa girl...easy there now... ... steady girl....easy does it.
  • #133,922
  • Apr 19, 2015 5:53pm Apr 19, 2015 5:53pm
Quoting kenfen69
Whoa girl...easy there now... ... steady girl....easy does it.
If English was my first language, I'd probably stick my cane through his donut until smoke emits from the little abyss.
  • #133,923
  • Apr 19, 2015 5:58pm Apr 19, 2015 5:58pm
Quoting kenfen69
Hoping to land before Vancouver and Calgary finish their biz.
Both of my kids landed their seats, TODAY.

The oldest boy, had all of his non-hockey watching friends enter draws for seats...one of them won and he got the buy, $115 per seat.

The youngest boy, didn't wanna be left out...hands of the scalpers, him and a buddy, $360/seat!

For that kinda scratch, they should have lap dances, imo!!

Instead, you get warm beer at $8 a cup...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #133,924
  • Apr 19, 2015 6:24pm Apr 19, 2015 6:24pm
Quoting Mr Hatch
{quote} If English was my first language, I'd probably stick my cane through his donut until smoke emits from the little abyss.
Pardon my French...

But I think yer doing quite well!

a bientot

  • #133,925
  • Apr 19, 2015 6:31pm Apr 19, 2015 6:31pm
Quoting Magix
{quote} Both of my kids landed their seats, TODAY.
Surely you've experienced the Red Mile, dad?

Charoooga!!!

Playoff Calgary women? They NO hold back!

Amazing city...boys and girls united! Cheers Mag!

Delighted for your boys, mate...great times!

Up...down...out!
  • #133,926
  • Apr 19, 2015 6:36pm Apr 19, 2015 6:36pm
Quoting kenfen69
{quote} Surely you've experienced the Red Mile, dad? Charoooga!!! Playoff Calgary women? They NO hold back! Amazing city...boys and girls united! Cheers Mag! Delighted for your boys, mate...great times! Up...down...out!
Red Mile?

Pshhhh!!

I was there for the, "Shirts off for Kipprusoff"!

Don't get me wrong, I fucking love boobies...but with the new age if WW pr0n, and $8 saddledome beer...I am equally as good at home with a cold bottle and not watching the game...

But, yeah...Go Calgary!!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #133,927
  • Apr 19, 2015 7:56pm Apr 19, 2015 7:56pm
Quoting Mr Hatch
{quote} If English was my first language, I'd probably stick my cane through his donut until smoke emits from the little abyss.
  • #133,928
  • Edited 2:23am Apr 20, 2015 2:13am | Edited 2:23am
Quoting The Fool
{quote}... Wave of Greek defaults will begin in May, spread into June, and they will be back on the drachma before you can say spanakopita 10x fast this Summer. World CB's will respond by building bonfires of new money on every continent. I don't know where it all will end, but I am looking for fiber <$1.04 in May and below parity in July....
I agree with that general timeframe for Greece. We are reaching the end of the chaotic road for Greece.

Greece has become an aberration in every sense. What the Greek politicians are not grasping is that Greece has moved from been the consequence of joining the club [euro] too early without the necessary macro stability structures to become a liability for the Eurozone recovery.

The final trigger was not electing a left wing government but electing a government without a plan. After 6 years and countless meetings and panic attacks every single player around the world has already withdrawn from exposure to Greece and the only ones holding the "dead wood" are the ECB and EZ governments which ALSO already accepted [financially because is "peanuts" but not politically] the "unpayable" loans as collateral cost of keeping the EuroZone intact.

Point is everybody is ready with their contingency plans for the default and kicking out Greece from the Euro while the Greek politicians still think they are indispensable in the game ...sadly they are not any longer.

Sure, the uncertainty short term will create shockwaves but given how tiny and isolated the Greek economy is right now the contingency plans more than probably will hold the wave. More importantly it will put a hard stop on the euro uncertainty marking the start of a very long term bottom in the last 8 years downtrend. When you cut a "gangrene toe" from a sick patience ...the start of the recovery can finally kick in ...will see..

In any case, nothing new for the european session. Bears hanging on their fingernails at these levels. A breach 1.082x opens 1.087x with extension 1.098x pre euromeetings drama. To the other side, the obvious 1.076x for the play and the untested on Friday 1.071x still open. Without news but only gossips in the wires nothing much to do except wait to see how it pans out...same levels, same plays, same all....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,929
  • Apr 20, 2015 2:40am Apr 20, 2015 2:40am
UJ: we got the close below 118.93, the road to 117.17 is open in my view. Next lower level to be tested will be 118,28 probably, afterwards I'll try to find a nice level to short from. If we got a clean break of 118.28 I might try to long around 117.93.

Attached Image


(Circles are around sunday-candles, special case with this borker...)

@sisse: I'm not sad that greek politician are no longer indispensable in the game... otherwise I agree with your post. There is a chance though that Greece will stay inside EZ, there is a strong preference among EU politicians to kick the can. With the UK elections around there is very much uncertainty about the european project already.
Fail better.
  • #133,930
  • Apr 20, 2015 2:45am Apr 20, 2015 2:45am
Quoting sisse
while the Greek politicians still think they are indispensable in the game ...sadly they are not any longer. Sure, the uncertainty short term will create shockwaves but given how tiny and isolated the Greek economy is right now the contingency plans more than probably will hold the wave.
Keeping an eye on the "peripheral" bond yields....bond vigilantes have been on vacation (another galaxy?) for years, but they may come back...if we see those spreads blow out in May with the shock of new Greek defaults, that might be enough to push the euro down to new lows. All the political moves, including a referendum for a new govt in Greece and/or negotiation of a new debt management deal - this will take months to cook down. I was joking in post above and of course I don't think that any precipitous Grexit is likely. But defaults on all the heavy May/June repayment dates are distinctly possible and I have spreads set up to catch downmoves in fiber during those months, with most starting to make a profit around $1.05....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #133,931
  • Apr 20, 2015 2:50am Apr 20, 2015 2:50am
Quoting LarryDarrell
... @sisse: I'm not sad that greek politician are no longer indispensable in the game... otherwise I agree w...
I was sad for Greece as a country and its people not for the crappy politicians they have had in the last 50 years.... ...

UJ is in entering in a complex no man land territory in the short term. Too many strong contradictory forces clashing (from artificial strengthening, to carry trade, hikes, and now short term risk)...not the best pair for swinging in my view ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,932
  • Apr 20, 2015 3:11am Apr 20, 2015 3:11am
Quoting The Fool
{quote} Keeping an eye on the "peripheral" bond yields....bond vigilantes have been on vacation (another galaxy?) for years, but they may come back...if we see those spreads blow out in May with the shock of new Greek defaults, that might be enough to push the euro down to new lows. All the political moves, including a referendum for a new govt in Greece and/or negotiation of a new debt management deal - this will take months to cook down. I was joking in post above and of course I don't think that any precipitous Grexit is likely. But...
Indeed. Bonds in the periphery has been muted (which also show how isolated is Greece now). Like always kicking the can has priority but this time they can only extend a few more weeks. From a strictly economics perspective a "healthy" small default in one of the small IMF tranches in May will be "good" to shake the board and call the end of kicking the can for good ...

...we'll see for now bond alerts haven't sound in nearly 2 years and until then...just bluff and kick the can in play...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,933
  • Apr 20, 2015 3:54am Apr 20, 2015 3:54am
Quoting sisse
{quote} I was sad for Greece as a country and its people not for the crappy politicians they have had in the last 50 years.... ... UJ is in entering in a complex no man land territory in the short term. Too many strong contradictory forces clashing (from artificial strengthening, to carry trade, hikes, and now short term risk)...not the best pair for swinging in my view ... sisse
Greece: I know . Like I said, kicking the can is the default reaction. But as I'm reading the german newspapers there is a new tone now and Schaeuble is getting much bolder in stating his view: we'll be able to contain a greek default. The fun and games during the last months have effectivly prepared the german public to accept a grexit, to even ask for it. There has been a lot of sympathy for Greece and even the new government after the elections: all thrown away...
Well, my point of view obviously.

UJ: you are probably right, and one signal the poor ADR(20) of 83. Nevertheless looking at the monthly there is a lot of space below. Trying to short this now for a few months, and relativly okay with that (and with taking profit after 100 or so pips, not swinging...)

Attached Image
Fail better.
  • #133,934
  • Edited 6:19am Apr 20, 2015 5:04am | Edited 6:19am
seems Eu trying to test the 1.071xx. Then maybe some ride up to around 1.084xx or may extend to 1.087xx
  • #133,935
  • Apr 20, 2015 6:24am Apr 20, 2015 6:24am
A rather dull european morning session over in the euro nearly completing the test 1.071x. Nothing to see till NY.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,936
  • Apr 20, 2015 7:23am Apr 20, 2015 7:23am
Quoting sisse
...In any case, nothing new for the european session. Bears hanging on their fingernails at these levels. A breach 1.082x opens 1.087x with extension 1.098x pre euromeetings drama. To the other side, the obvious 1.076x for the play and the untested on Friday 1.071x still open.
Right on time for NY 1,071x tested and day probably over after NY opening range.

Expecting intraday chop zone to be formed (1.068x / 1.073x) until fresh German numbers tomorrow. Except a twitter/slip of mouth/politician alert,etc from the Greek front, next 3 session pretty much set in the euro .... Nothing to see here for now, same levels, same trades, same all...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,937
  • Apr 20, 2015 7:29am Apr 20, 2015 7:29am
Quoting sisse
{quote} Right on time for NY 1,071x tested and day probably over after NY opening range. Expecting intraday chop zone to be formed (1.068x / 1.073x) until fresh German numbers tomorrow. Except a twitter/slip of mouth/politician alert,etc from the Greek front, next 3 session pretty much set in the euro .... Nothing to see here for now, same levels, same trades, same all... sisse
Closed Eu short @ +130 pips ... done for today ....
Re-Incarnated
  • #133,938
  • Apr 20, 2015 11:01am Apr 20, 2015 11:01am
Again 1.078x will be a watch. there maybe some draw down at this point.
  • #133,939
  • Apr 20, 2015 12:39pm Apr 20, 2015 12:39pm
Quoting sisse
{quote} Right on time for NY 1,071x tested and day probably over after NY opening range. Expecting intraday chop zone to be formed (1.068x / 1.073x) until fresh German numbers tomorrow. Except a twitter/slip of mouth/politician alert,etc from the Greek front, next 3 session pretty much set in the euro .... Nothing to see here for now, same levels, same trades, same all... sisse
Hey Sisse, good to see you're still around. Was starting to miss you on EURUSD until I realised (via a check on your profile) that you have moved your activity from the EURUSD thread to this one. I'll have to follow two threads now but it doesn't matter, as long as your valued analysis is still available, I'm grateful. Cheers!
  • #133,940
  • Apr 20, 2015 2:53pm Apr 20, 2015 2:53pm
I may be late, OIL (wti) bounced off the 1/4 @ 58.42

May be time to short. I don't follow oil, I just noticed it as I was browsing my charts.
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