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The Really Useless Thread

  • #134,141
  • Apr 23, 2015 12:23am Apr 23, 2015 12:23am
Quoting Mr Hatch
Obviously, we aren't allowed to anymore.
well, damn, what am I gonna do for porn now?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #134,142
  • Apr 23, 2015 12:28am Apr 23, 2015 12:28am
Quoting The Fool
{quote} well, damn, what am I gonna do for porn now?
I'm at a complete loss myself, at the moment. It used to be the light at the end of the tunnel... so sad.
  • #134,143
  • Apr 23, 2015 12:28am Apr 23, 2015 12:28am
Quoting The Fool
a string of Ezone PMI misses opens the floor to 100+ pip fiber fall by NY.....
Bring it, Deutschland.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #134,144
  • Apr 23, 2015 12:36am Apr 23, 2015 12:36am
will try some longs in cable today at 1.4887 if we reach....

bbl...
Look Sharp/Trade Tight
  • #134,145
  • Apr 23, 2015 12:40am Apr 23, 2015 12:40am
Quoting The Fool
a string of Ezone PMI misses opens the floor to 100+ pip fiber fall by NY. Could keep rolling in the US session with strong Labor data. Tired of flatlining markets, let's see some action....
Yeap and euro flirting to lose 1.071x in the opening range...tracking 1.064x for the rest of the session.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,146
  • Apr 23, 2015 12:59am Apr 23, 2015 12:59am
Quoting sisse
{quote} Yeap and euro flirting to lose 1.071x in the opening range...tracking 1.064x for the rest of the session. sisse
if red on the Flash for the trifecta then it's in the big dog's paws, can't ask for much more help than that til NY
"If The Fool persists in his Folly he will become wise." - William Blake
  • #134,147
  • Apr 23, 2015 1:09am Apr 23, 2015 1:09am
Quoting The Fool
{quote} if red on the Flash for the trifecta then it's in the big dog's paws
zzzzzzz
"If The Fool persists in his Folly he will become wise." - William Blake
  • #134,148
  • Apr 23, 2015 1:19am Apr 23, 2015 1:19am
Quoting The Fool
{quote} if red on the Flash for the trifecta then it's in the big dog's paws, can't ask for much more help than that til NY
Indeed all weaker than forecast. We also tested 1,071x as expected cleaning the micro mignons hands in the process. From now till the weekly close it's mostly gossip trading in the Greek front. Noise expected with the deal/no deal blah blah (it already started with slips on details about the haircuts here and there and etc..same old story).

From the micro technical side on the euro 1.701x holding the top of the hour will leave 1.063x with extension 1.057x naked for a test. There is no further momentum below without a risk trigger ... Failure intraday to held the break 1.071x will put as back in the chop zone that has been in play all week long....

Nothing to do in the euro ...just letting in play out....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,149
  • Apr 23, 2015 1:29am Apr 23, 2015 1:29am
Quoting sisse
Nothing to do in the euro ...just letting in play out.... sisse
yah I had me heart set on a show of USD strength, I'd like to see a WTI dip to buy, sub-$55 or better....maybe it'll come in NY. Later....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #134,150
  • Apr 23, 2015 3:23am Apr 23, 2015 3:23am
EU norm at 7538 hit. Don't really like it, but I don't have to like it, just to do it... shorted.
Fail better.
  • #134,151
  • Apr 23, 2015 3:34am Apr 23, 2015 3:34am
WELL THIS IS FUCKING BORING.

GOOD DAY SIR,

Inserted Video
  • #134,152
  • Apr 23, 2015 4:51am Apr 23, 2015 4:51am
Quoting sisse
... Noise expected with the deal/no deal blah blah (it already started with slips on details about the haircuts here and there and etc..same old story). From the micro technical side on .... Failure intraday to held the break 1.071x will put as back in the chop zone that has been in play all week long.... Nothing to do in the euro ...just letting in play out.... sisse
A perfectly time tweet on Greek deal avoided the break 1,071x in the morning and back to chop zone as expected.... now more reports coming with more more details of the details... just tweet trading ...tracking 1.076x one more time until NY opening range...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,153
  • Apr 23, 2015 4:56am Apr 23, 2015 4:56am
Quoting sisse
{quote} A perfectly time tweet on Greek deal avoided the break 1,071x in the morning and back to chop zone as expected.... now more reports coming with more more details of the details... just tweet trading ...tracking 1.076x one more time until NY opening range... sisse
I think its again going to test the .084x level ....
Re-Incarnated
  • #134,154
  • Apr 23, 2015 5:00am Apr 23, 2015 5:00am
Quoting primejarvis
{quote} I think its again going to test the .084x level ....
Not sure about that ...

Sell the deal buy the FOMC seems to be the play ... we'll see in a few.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,155
  • Apr 23, 2015 5:08am Apr 23, 2015 5:08am
Quoting sisse
{quote} Not sure about that ... Sell the deal buy the FOMC seems to be the play ... we'll see in a few. sisse
my very 1st rule in trading is not to go against the major trend ...
today's work is done according to me ....

i think this fomc have to buy .... and the whole week will be again moving in this choppy zone testing the .080xx level and .680xx
Re-Incarnated
  • #134,156
  • Apr 23, 2015 5:12am Apr 23, 2015 5:12am
Quoting primejarvis
{quote} my very 1st rule in trading is not to go against the major trend ... today's work is done according to me .... i think this fomc have to buy .... and the whole week will be again moving in this choppy zone testing the .080xx level and .680xx
What is the main trend for you?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #134,157
  • Apr 23, 2015 5:21am Apr 23, 2015 5:21am
Quoting sisse
{quote} What is the main trend for you? sisse
Downtrend what's about your point of view ....
Re-Incarnated
  • #134,158
  • Apr 23, 2015 5:33am Apr 23, 2015 5:33am
Quoting LarryDarrell
EU norm at 7538 hit. Don't really like it, but I don't have to like it, just to do it... shorted.
. S/o on this and the one from 797...
Fail better.
  • #134,159
  • Apr 23, 2015 5:37am Apr 23, 2015 5:37am
Quoting sisse
{quote} Not sure about that ... Sell the deal buy the FOMC seems to be the play ... we'll see in a few. sisse
Sisse, you mean EU or USD index?

I see the situation as they need big catalysts for EU to go higher for short positioning. So there won't be much interest to go down until beginning of May I'd say, probably until the May NFP.
Like you said earlier, the ultimate destination is clear, the question is how to make the biggest dough on the way.
  • #134,160
  • Apr 23, 2015 5:51am Apr 23, 2015 5:51am
Quoting primejarvis
{quote} Downtrend what's about your point of view ....
i meant what Tframe of reference are you tracking, otherwise its hard to follow since i don't know your trading style.

Quoting Shunyi
{quote} Sisse, you mean EU or USD index? I see the situation as they need big catalysts for EU to go higher for short positioning. So there won't be much interest to go down until beginning of May I'd say, probably until the May NFP. Like you said earlier, the ultimate destination is clear, the question is how to make the biggest dough on the way.
Euro mainly. USD will only react indirectly to the greek noise except in a real panic/default leg in which dollar will prime on risk.

Well time has changed a bit on the hikes since the beginning of the year. We were set for a June hike so euro parity leg in May was kind of the easy forecast. However, we have moved quite a lot since then (especially after the March Fomc) and still don't have a final clear date.

For now, markets are playing September Hike which will allow a couple of things before the hike leg down:

  1. Time for Europe to pick up and especially to digest a good chunk of the ECB QE which is good in the mid term to avoid an uncontrolled rally in dollar on hikes.
  2. A breather in dollar to settle down and pullback before the hikes legs

A further delay in hikes to 2016, etc will only kill euro volatility (dollar in general) in a extended wide chop zone for a few months which is not good at all for us traders.

sisse

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