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The Really Useless Thread

  • #145,801
  • Nov 30, 2016 7:22am Nov 30, 2016 7:22am
Talking heads starting to flood the wires with OPEC confirmation and a solid report from the US as it was expected....

NY with the final word for the Month

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #145,802
  • Nov 30, 2016 7:47am Nov 30, 2016 7:47am
Quoting Pharm0r
{quote} That's because you two like to hear yourself talk
This was just a joke by the way, in case I've offended any of my fellow snowflakes
  • #145,803
  • Edited 10:13am Nov 30, 2016 8:09am | Edited 10:13am
GU consolidation (agree with Jpec), I'm long @ 1.2430.....don't expect the swing low to be attacked until further info on the Brexit front...currently March deadline

Someone asked about AU....here's some thoughts as I've been watching it

AU looks heavy, home approvals took a hit, cap. expenditure could go either way tonight...but recent trend is no bueno....RBNZ within the next few days and finally AU has a positive correlation with oil, so a large move in oil will move AU likewise...smaller moves not so much. Attached chart is weekly AU with purple crude overlay

I'm looking for some expectations on RBNZ
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-11-30-TOS_CHARTS.png Size: 65 KB
  • #145,804
  • Nov 30, 2016 8:16am Nov 30, 2016 8:16am
Quoting goosebone
{quote} Thats a blast from the past. Had to look it up to remember. Now I got it. You came into the swamp thread throwing insults around telling Ken A, gator, others they were full of sh*t then you got flagged. Surprised you wanted to remember that. Don't know why you tagged me here.
because I have a sense of humour cheer up mate life is not that bad also to anyone interested it's on the swamp on page 152
  • #145,805
  • Nov 30, 2016 8:20am Nov 30, 2016 8:20am
Quoting Ross88
{quote} because I have a sense of humour cheer up mate life is not that bad also to anyone interested it's on the swamp on page 152
Gotcha. I thought it was funny and I deserved it anyway. New personal rule for me is no posting after 3rd rum.
  • #145,806
  • Edited 9:32am Nov 30, 2016 8:55am | Edited 9:32am
Quoting sisse
...and we rolled. Calm US session in contrast of the rest of the world. Only highlight is the superb ride in NG (for those tracking N.Gas from PM and twitter) we are +35% rally this month and counting. On the rest of the board, Euro sitting 1.061x as widely expected since last week and US Equities just waiting for reports to start the week. sisse {quote} In your opinion which of the following statements do you think have higher odds? Euro will be trading the 1.02xx handle for Dec FED; or Euro will be trading...

"""NY pull the hand break today and we got a choppy session. Wont last for long, markets are on a hurry and macro flows well underway from last couple of weeks....
Not much to see or do across the board, no break, no shake no nothing. Tracking 1.061x as only level in play for this week (M roll)... Sisse"""
I always wonder how you came up with this precise level? Thanks
  • #145,807
  • Nov 30, 2016 9:06am Nov 30, 2016 9:06am
Quoting iMBS
{quote} """NY pull the hand break today and we got a choppy session. Wont last for long, markets are on a hurry and macro flows well underway from last couple of weeks.... Not much to see or do across the board, no break, no shake no nothing. Tracking 1.061x as only level in play for this week (M roll)... Sisse""" I always wonder how you came up with this precise level? Thanks
From all the possible approaches to make sentence bolded and stronger you managed to do the oposite and make it harder to read. Well done.
  • #145,808
  • Nov 30, 2016 9:25am Nov 30, 2016 9:25am
https://www.bloomberg.com/news/artic...-barrels-a-day

And inventories down. 50+ it is.
  • #145,809
  • Nov 30, 2016 9:39am Nov 30, 2016 9:39am
As per the Atlanta Fed:

"The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2016 is 2.4 percent on November 30, down from 3.6 percent on November 23... "

Euro held the break again ...for now at least .
Get Rich or Die Tryin
  • #145,810
  • Nov 30, 2016 9:40am Nov 30, 2016 9:40am
Quoting janpec1000
{quote} From all the possible approaches to make sentence bolded and stronger you managed to do the oposite and make it harder to read. Well done.
Corrected it, thanks.
  • #145,811
  • Nov 30, 2016 9:42am Nov 30, 2016 9:42am
except OPEC not swinging the big dick like it once was. The cure for oversupply is....oversupply (price bottoms shakes out weak producers); supply eases back (now supposedly helped by OPEC prod cuts), price rises, weak producers come back.....oversupply once again. Well, we'll see and it takes a while to play out....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #145,812
  • Nov 30, 2016 9:51am Nov 30, 2016 9:51am
Quoting goosebone
https://www.bloomberg.com/news/artic...-barrels-a-day And inventories down. 50+ it is.
did you see the the gasoline and distils build ? big
  • #145,813
  • Nov 30, 2016 9:59am Nov 30, 2016 9:59am
/ES touched a new high on OPEC 2,214 - but not holding it, not blowing the roof off, expect a slow grind up at best into the FOMC sticky patch
"If The Fool persists in his Folly he will become wise." - William Blake
  • #145,814
  • Nov 30, 2016 10:10am Nov 30, 2016 10:10am
wb hoom
  • #145,815
  • Nov 30, 2016 10:11am Nov 30, 2016 10:11am
Quoting The Fool
except OPEC not swinging the big dick like it once was. The cure for oversupply is....oversupply (price bottoms shakes out weak producers); supply eases back (now supposedly helped by OPEC prod cuts), price rises, weak producers come back.....oversupply once again. Well, we'll see and it takes a while to play out....
Yep, takes years becouse the whole country budget is tied into it along with currency, bond and equity capital. A lot fuel to burn before it stops.
  • #145,816
  • Nov 30, 2016 10:13am Nov 30, 2016 10:13am
Quoting Pharm0r
wb hoom
thanks , because of you I had to read through very long posts

edit : london fix setlled the deal at last
Get Rich or Die Tryin
  • #145,817
  • Nov 30, 2016 10:15am Nov 30, 2016 10:15am
Quoting janpec1000
GU opening very likely run up trough the highs path. Looking for micro longs to get in.
There she goes. Was stoped on small loss sadly before it took it higher. Index has now completed target, no more room for good RR trades. As usual...GU overperforming the rest XUSDs. 566 on watchlist EU for possible break.

EDIT: Nvm, 566 gone, watching micros to get possible shorts going.
  • #145,818
  • Nov 30, 2016 10:22am Nov 30, 2016 10:22am
Quoting sisse
....Strong week opening, Asia didn't blink and we are aligning for a triple positioning non stop, no chop for the monthly roll. European opening completed triggering a double 'choose you your poison time' in the 'Euro'. Mid term swing and short term NFP/ECB in play...
...and I will take that. Clearing first target from the short term part of the leg on the test 1.055x. Simple ride so far with plenty of opps to jump in. Well done all that rode it from the highs.

Things got a lot easier for NFP ...for now tracking closely the European close in European Equities and to lesser extend Euro that is set to lose 1.061x ...NY still in full control with very eager bulls flirting with a proper break ...day far from over...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #145,819
  • Nov 30, 2016 10:29am Nov 30, 2016 10:29am
Quoting janpec1000
{quote} There she goes. Was stoped on small loss sadly before it took it higher. Index has now completed target, no more room for good RR trades. As usual...GU overperforming the rest XUSDs. 566 on watchlist EU for possible break. EDIT: Nvm, 566 gone, watching micros to get possible shorts going.
What? GU hasn't moved a stone

EU/AU/UJ are the movers
  • #145,820
  • Nov 30, 2016 10:34am Nov 30, 2016 10:34am
Quoting sisse
{quote} ...and I will take that. Clearing first target from the short term part of the leg on the test 1.055x. Simple ride so far with plenty of opps to jump in. Well done all that rode it from the highs. Things got a lot easier for NFP ...for now tracking closely the European close in European Equities and to lesser extend Euro that is set to lose 1.061x ...NY still in full control with very eager bulls flirting with a proper break ...day far from over... sisse
Sorry to ask again what's rationale behind 1.061x, please.
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