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The Really Useless Thread

  • #152,141
  • May 31, 2017 9:06am May 31, 2017 9:06am
Quoting Replicant
After Draghi's remarks today, any big decision/statement at the June meeting seems less likely imo http://www.ecb.europa.eu/press/key/d...170529.en.html "Despite a firmer recovery, and looking through the volatile readings in HICP inflation over recent months, underlying inflation pressures have remained subdued. Domestic cost pressures, notably from wages, are still insufficient to support a durable and self-sustaining convergence of inflation toward our medium-term objective. For domestic price pressures to strengthen,...
EZ inflation flop this month.
With last Monday Draghis dovish comments on inflation, it seems now hard to expect something hawkish for the June meeting imo (yes we have improvements in both growth and employment fronts but inflation remains the one and only one ECB mandate).

I would like to scale in with today's pullback (= M flows ?) but I am quite cautious as there is noise DJT is going to pull US out of Paris Climate Deal (https://www.axios.com/scoop-trump-is...427773025.html) despite a large majority of americans support the Paris agreement (http://climatecommunication.yale.edu...ment_by_state/). I am wondering what will be the knee jerk reaction if such a decision is taken as it may isolate the US further on the international chess board .
  • #152,142
  • May 31, 2017 9:14am May 31, 2017 9:14am
I like this guys blog. He gets a little melodramatic sometimes but he's smart. Link is there (for all you plagiarizers out there thats how you do that)

Just thought it was interesting to point out speculators on treasuries are at a sort of "choose your poison" point of inflection here. Net longs at a high point and long duration at a high point since 2007. The article discusses in part a way one could trade this which isn't why I post it. What I found interesting was the idea that one could view all the short covering like this:
"It has taken four months, but we can officially lay the euphoria of the Trump reflation trade to rest."
Or one could view the spike in net longs as a contrarian indicator and expect a turn towards higher yields from here.
Like fool just said, you can find plenty of documentation and opinion to bolster any view you want to have and really I just thought the charts show that "choose your poison" point is around now, not which poison to choose.
And that "this is something you should keep a close eye on especially as we get ready for what everyone assumes will be another hike."


https://heisenbergreport.com/2017/05...horia-to-rest/
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  • #152,143
  • May 31, 2017 9:16am May 31, 2017 9:16am
Quoting gatorinla
1m watching.. {image}
std... stops posted.. last chance on 1 min 1236/37 but below 1242
Attached Image
those who can, do. those who cant, talk about those who can
  • #152,144
  • May 31, 2017 9:24am May 31, 2017 9:24am
Quoting gatorinla
{quote} std... stops posted.. last chance on 1 min 1236/37 but below 1242 {image}
May be 1.1355 to close the month and clear all soft hands? I've a pending sell at that level.
  • #152,145
  • May 31, 2017 10:06am May 31, 2017 10:06am
Quoting gatorinla
{quote} std... stops posted.. last chance on 1 min 1236/37 but below 1242 {image}
Out with a loss. Nothing to hold it on my book. Sidelined
dreams do come true.
  • #152,146
  • May 31, 2017 10:31am May 31, 2017 10:31am
Quoting ptoftangency
{quote} HAHA!! Well, let's leave GE alone for a week. On to the next. I'm watching GD as well, they got a slice of the Saudi pie.
Giggling a little at that GE chart i drew up. One of the bars in my town does turtle races. Theres a finish line, all the turtles have numbers on their backs. You put money on a turtle and if it happens to randomly wander across the line after an hour or two you win. Seems a good metaphor for my map.
  • #152,147
  • May 31, 2017 10:43am May 31, 2017 10:43am
Quoting gatorinla
{quote} std... stops posted.. last chance on 1 min 1236/37 but below 1242 {image}
supposed to be topped at 1.1241 but the fade data has push it up one more wave to 1.1252 !!!

https://www.forexfactory.com/news.php?do=news&id=669423
  • #152,148
  • May 31, 2017 11:12am May 31, 2017 11:12am
Wow Chicago PMI revised to overshoot...

EU inflation down, Visco says accommodating policy still needed , EU doesnt blink

Quote
ECB likely to discuss removing easing bias at June meeting but decision far from certain
and EU jumps 100+ pips.

Welcome to Bizarro Land

Inserted Video
  • #152,149
  • May 31, 2017 11:19am May 31, 2017 11:19am
Quoting goosebone
One of the bars in my town does turtle races. Theres a finish line, all the turtles have numbers on their backs. You put money on a turtle and if it happens to randomly wander across the line after an hour or two you win. Seems a good metaphor for my map.
http://www.southeastfloridaclimateco...Projection.pdf

you can bet on 3 mm/yr or you can bet on 10....either way gonna be wet n wild. Mar a Lago will be underwater just like Liberty City. A rising tide drowns all without prejudice.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #152,150
  • May 31, 2017 11:54am May 31, 2017 11:54am
Quoting Pharm0r
..., EU doesnt blink {quote} and EU jumps 100+ pips. Welcome to Bizarro Land4
Bigger and more powerful forces are in play in the background .... calendar month closed in Europe ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #152,151
  • May 31, 2017 11:59am May 31, 2017 11:59am
Quoting The Fool
{quote}http://www.southeastfloridaclimateco...Projection.pdf you can bet on 3 mm/yr or you can bet on 10....either way gonna be wet n wild. Mar a Lago will be underwater just like Liberty City. A rising tide drowns all without prejudice.
Yeah. Believe me I watch those stats closer than any trading charts. Wish I could get a 5 minute chart on sea level rise
To me it's less about when the tide will be licking at my threshold and more about when the first bank says no more 30 yr mortgages down here, or bigger impact, FEMA says you guys are on your own with flood insurance. Either way pretty much shuts down the little microeconomy we currently enjoy thanks to the US taxpayer.
  • #152,152
  • May 31, 2017 12:01pm May 31, 2017 12:01pm
Quoting goosebone
{quote} Yeah. Believe me I watch those stats closer than any trading stats. Wish I could get a 5 minute chart on sea level rise To me it's less about when the tide will be licking at my threshold and more about when the first bank says no more 30 yr mortgages down here, or bigger impact, FEMA says you guys are on your own with flood insurance. Either way pretty much shuts down the little microeconomy we currently enjoy thanks to the US taxpayer.
houseboat

Norfolk doesnt fair much better....downtown will be underwater within next 100 years from what the city forcasts

roughly 5,000 residents, 1,000 business and city hall / court buildings
  • #152,153
  • May 31, 2017 12:07pm May 31, 2017 12:07pm
Quoting Pharm0r
{quote} houseboat Norfolk doesnt fair much better....downtown will be underwater within next 100 years from what the city forcasts roughly 5,000 residents, 1,000 business and city hall / court buildings
How can i short my own real estate? Reverse mortgage maybe? Think you gotta be on your way out for one of those. Maybe if i tell em how much rum I drink they'd make an exception.
  • #152,154
  • May 31, 2017 12:10pm May 31, 2017 12:10pm
Quoting goosebone
{quote} How can i short my own real estate? Reverse mortgage maybe? Think you gotta be on your way out for one of those. Maybe if i tell em how much rum I drink they'd make an exception.
Im at about a bottle of tequila a week. Perhaps we can drown together
  • #152,155
  • May 31, 2017 12:10pm May 31, 2017 12:10pm
Quoting Pharm0r
{quote} Im at about a bottle of tequila a week. Perhaps we can drown together
Yo ho ho matey
  • #152,156
  • May 31, 2017 12:23pm May 31, 2017 12:23pm
since we made it to 1.12x again, i think we will hit 1.1252x before going down. we still didnt hit that
stop remains 1.1302 and 1.1350 then 1.14xx, targets 1.085x 1.070x and hope 1.05x in case we didnt stop
When life gives you lemons, make lemonade
  • #152,157
  • May 31, 2017 12:24pm May 31, 2017 12:24pm
i have gpbjpy short at 142.67 stop at 143.12 target hope at 141.31

and another sell limit at 143.02 with same stop and target
When life gives you lemons, make lemonade
  • #152,158
  • May 31, 2017 12:25pm May 31, 2017 12:25pm
Quoting Pharm0r
Wow Chicago PMI revised to overshoot... EU inflation down, Visco says accommodating policy still needed , EU doesnt blink {quote} and EU jumps 100+ pips. Welcome to Bizarro Land https://www.youtube.com/watch?v=4N3N1MlvVc4
love it, amazing all the time... not the best music but lyrics are piercing to the soul
When life gives you lemons, make lemonade
  • #152,159
  • May 31, 2017 12:33pm May 31, 2017 12:33pm
Quoting goosebone
How can i short my own real estate? .
When does the land rush for the FL uplands begin? I smell a carpetbagger's heyday...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #152,160
  • Edited 1:03pm May 31, 2017 12:41pm | Edited 1:03pm
Quoting The Fool
{quote}When does the land rush for the FL uplands begin? I smell a carpetbagger's heyday...
Two words. Orlando Bay.
I can see the promo brochures already. Just in from Mitch and Murray
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