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The Really Useless Thread

  • #144,141
  • Oct 12, 2016 12:27pm Oct 12, 2016 12:27pm
Quoting Pharm0r
{quote} haha going by your charts there is no buy available as we're in sell outlook with a potential momentum trade on short term and a trade to the flip on mid term. However; I'll stick to what I originally said- cant let you get the best of me you know Earl, hope you brought a bucket- only gonna be two in this (potentially) sinking boat.
I dont know if you guys got such a bad boat there. Thought hard about trading it live in a similar way. Still could since a politician recently told me I can have both a public stance and a private stance and they don't have to line up.
  • #144,142
  • Oct 12, 2016 12:36pm Oct 12, 2016 12:36pm
Quoting Pharm0r
{quote} haha going by your charts there is no buy available as we're in sell outlook with a potential momentum trade on short term and a trade to the flip on mid term. However; I'll stick to what I originally said- cant let you get the best of me you know Earl, hope you brought a bucket- only gonna be two in this (potentially) sinking boat.
One is your chart crowdsource by the thread not me. The other one is the same for the last 4mts ...i haven't changed a line on it, or you think i should ?...why should I?

LAST CALL

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #144,143
  • Oct 12, 2016 12:46pm Oct 12, 2016 12:46pm
20 limit buy... thanks..
Wise decisions are based on lies we living..
  • #144,144
  • Oct 12, 2016 12:52pm Oct 12, 2016 12:52pm
c thanks
  • #144,145
  • Oct 12, 2016 12:59pm Oct 12, 2016 12:59pm
.
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  • #144,146
  • Oct 12, 2016 12:59pm Oct 12, 2016 12:59pm
Updates on the close if no surprises. Expecting a uneventful report.. .

Gl all

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #144,147
  • Oct 12, 2016 1:02pm Oct 12, 2016 1:02pm
Slightly hawkish inline with expectations on the quick glance...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #144,148
  • Oct 12, 2016 1:02pm Oct 12, 2016 1:02pm
Quoting goosebone
{quote} I dont know if you guys got such a bad boat there. Thought hard about trading it live in a similar way. Still could since a politician recently told me I can have both a public stance and a private stance and they don't have to line up.
AMEN.

In dofu I trust
  • #144,149
  • Oct 12, 2016 1:42pm Oct 12, 2016 1:42pm
Cranking ride of the valkyries on 11 and switching to 1 Minute chart to make this feel like an event.
  • #144,150
  • Oct 12, 2016 1:43pm Oct 12, 2016 1:43pm
  • #144,151
  • Oct 12, 2016 1:54pm Oct 12, 2016 1:54pm
Nothing new from FOMC minutes , said it was a 'close call ' last time , Dec hike odds are steadily increasing [around 66% at the moment] and it is not priced in yet ...

From a TA point of view , EU has broken the everlasting range since summer but every support line is challenging on the way down .

The only relevant US data left this week is on friday , so my guess that EU would be bound to a 100 pips range from this point [1.106x-1.096x maybe ] but nothing to do

for those who are already in from above .
Get Rich or Die Tryin
  • #144,152
  • Oct 12, 2016 4:05pm Oct 12, 2016 4:05pm
Quoting hoom
it is not priced in yet .
I don't know. If (hypothetically) the meeting was today and they whiffed I think dollar would do more than stumble.
  • #144,153
  • Oct 12, 2016 4:09pm Oct 12, 2016 4:09pm
Uneventful report as expected. We keep going for hikes by default.

Not much to update, all markets in synch the last few days and moving accordingly. Light calendar this week so only comments and noise from Europe on the background (watch-out for Carney 'any' minute with Sterling at these levels). Euro barely holding the handle but is nothing interesting trading wise for the roll.

Only soft hands expected calling mini top/bottoms in oversold/overbought across the FX board getting trap will add momentum intraday until we get some further data .... not much to see or do here with same levels, same trades, same all ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #144,154
  • Oct 12, 2016 4:23pm Oct 12, 2016 4:23pm
EURIBOR / Bank Table

Borrowing costs of Deutsche Bank are the worst, and it's even the only bank that has to pay to borrow over a 9 or 12M period.
DB is behind Monte dei Paschi and the National Bank of Greece !
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  • #144,155
  • Oct 12, 2016 6:56pm Oct 12, 2016 6:56pm
I missed replying to the new iteration as the FOMC meeting was at 5am my local time!

I would have gone with Limit BUY but since I didn't reply, I'm now on the sell side, maybe it was for my own good, will see.
  • #144,156
  • Oct 12, 2016 7:16pm Oct 12, 2016 7:16pm
Quoting sisse
....(watch-out for Carney 'any' minute with Sterling at these levels). .... sisse
Hello Sisse,
Sorry, I have been a silent reader for the most part of this year, but I really appreciate your sharing and insights.
If I may ask, about Carney, do you mean he will do something to stop the slide further at 1.21x/1.20x? Personally Im not looking for positions in pound at these levels, +court ruling, parliament ,rumors, etc. Im already BE in equities after mondays rejection and thinking about raising levels in equities should Carney do something unexpected.
Thanks
  • #144,157
  • Oct 12, 2016 7:38pm Oct 12, 2016 7:38pm
Quoting Vorex
I missed replying to the new iteration as the FOMC meeting was at 5am my local time! I would have gone with Limit BUY but since I didn't reply, I'm now on the sell side, maybe it was for my own good, will see.
Also missed it because of my timezone, but like you would have gone for BUY in iteration 20. In reality I booked my last profit at 1.1010 and am now flat in EUR/USD, awaiting further confirmation.
You reap what you sow.
  • #144,158
  • Oct 12, 2016 9:57pm Oct 12, 2016 9:57pm
Quoting The Fool
{quote}if the US were in a bubble it would be a pretty clear map, but there are too many wild cards overseas for that to be true.
Good call Stocks, USDJPY Plunge After Dismal China Trade Data

http://www.forexfactory.com/news.php?do=news&id=610885
  • #144,159
  • Oct 12, 2016 11:11pm Oct 12, 2016 11:11pm
Quoting CARP.BLUFFS
Good call Stocks, USDJPY Plunge
seeing ^VIX pushing up past 17 Thursday, with continued scary bear news and election jitters maybe we could see 20+ into month's end - would make me richer...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #144,160
  • Oct 12, 2016 11:14pm Oct 12, 2016 11:14pm
Quoting The Fool
{quote}seeing ^VIX pushing up past 17 Thursday, with continued scary bear news and election jitters maybe we could see 20+ into month's end - would make me richer...
when are they gonna let some air out of this thing, I mean everyone knows this market is overpriced, but its like they also know they cant get out without setting off a powder keg...
Look Sharp/Trade Tight
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