This page has been archived and commenting is disabled.

Good Luck Trading

Tyler Durden's picture




 

...You will need it. The EURUSD has officially confirmed the much dreaded "Insane YoYo" formation. As a reminder the last time we had a dreaded chart spotting (The Hindenburg Omen from August 12, 2010), the Fed was forced to launch QE2 two weeks later. On a more serious note, the imminent announcement of a favorable Troica report on Greece will likely send the pair up 100 pips.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 06/03/2011 - 09:21 | 1335496 Lieutenant Dan
Lieutenant Dan's picture

Divine Intervention!

Fri, 06/03/2011 - 09:21 | 1335519 TheTmfreak
TheTmfreak's picture

Praise jesus!

Fri, 06/03/2011 - 09:24 | 1335538 redpill
redpill's picture

Thank God we have HFT robots to provide holy liquidity during these trying times.

Fri, 06/03/2011 - 09:33 | 1335564 TheTmfreak
TheTmfreak's picture

Praise cyber-jesus!

Fri, 06/03/2011 - 09:58 | 1335697 snowball777
snowball777's picture

He said Divine intervention.

Fri, 06/03/2011 - 10:37 | 1335874 TheTmfreak
TheTmfreak's picture

Praise silver haired obese woman jesus!

 

I think they do say that miracles come in all forms.

Fri, 06/03/2011 - 09:18 | 1335498 russki standart
russki standart's picture

ZH Pussies, we are so f@cked!!

Fri, 06/03/2011 - 09:21 | 1335518 the not so migh...
the not so mighty maximiza's picture

No we are not, the leaders are though.  Goverment purgings will start of elephants and donkeys.  Goverment workers next after that.

Fri, 06/03/2011 - 09:28 | 1335502 hugovanderbubble
hugovanderbubble's picture

My bet:

 

EURUSD 1.32 in just one month.

 

No more QEn

 

Tyler Greek Troika ----------coming in hours...to pump the market...be aware,then short monday EURUSD

 

Haircuts will restore the system

Fri, 06/03/2011 - 09:19 | 1335503 jkruffin
jkruffin's picture

Short Euro over 145,  it is heading back to 120 real soon......the prop job on it is trying to keep stocks up but everyone wants out of the Euro trade fast...

Fri, 06/03/2011 - 09:23 | 1335506 Bindar Dundat
Bindar Dundat's picture

Holy QE3 Batman. We're screwed!

Fri, 06/03/2011 - 09:20 | 1335511 FOC 1183
FOC 1183's picture

Not funny Tyler.  We're trying to avoid joining the 44+mil on food stamps here....

Fri, 06/03/2011 - 09:32 | 1335559 shortus cynicus
shortus cynicus's picture

I thought, people posting here have that minimal financial intelligence to participate in this programme voluntarily, reinvesting any saved FRNs in liberty dollars.

Fri, 06/03/2011 - 09:23 | 1335512 Caviar Emptor
Caviar Emptor's picture

Exactly, Tyler. Fed again resorting to surrogate bailouts, like in 08-09. 

Bail out every nation, island and tribe that lines up yelling.

That will soon mean all ex-Soviet block Euro nations, MENA and resource rich African countries, Pakistan and any regions that threaten independence from India. And Japan. 

Fri, 06/03/2011 - 09:20 | 1335515 Cdad
Cdad's picture

OT:

Tyler,

A criminal syndicate Wall Street banker on the BlowHorn [CNBC] is currently broadcasting the good news about...wait for it...."Insider buying."

LOL!

Fri, 06/03/2011 - 09:26 | 1335529 Cognitive Dissonance
Cognitive Dissonance's picture

Classic.

There is always good news somewhere in the world. And if you can't find any, just make some shit up.

Bottoms up boys. Happy hour until 4 PM EDT.

Fri, 06/03/2011 - 09:59 | 1335635 augie
augie's picture

how much you wanna bet we close positive.

Fri, 06/03/2011 - 10:00 | 1335725 jaffi
jaffi's picture

Positive on what, exactly?  

Fri, 06/03/2011 - 10:10 | 1335751 augie
augie's picture

/es is what i was referring to. Sorry for the lack of specificity.

Fri, 06/03/2011 - 10:27 | 1335833 snowball777
snowball777's picture

I'll bet a whole Sack we do.

Fri, 06/03/2011 - 10:13 | 1335781 Don Birnam
Don Birnam's picture

Only until 4 PM ? The drinker's hours of a teetotaler, sir.

http://farm4.static.flickr.com/3376/3600585150_a88a7978d2.jpg

Fri, 06/03/2011 - 10:33 | 1335837 snowball777
snowball777's picture

Ah, but which 4p? EDT doesn't seem like a limitation if you're in Kuala Lumpur.

Fri, 06/03/2011 - 12:11 | 1336340 jaffi
jaffi's picture

That is a pretty cool city, Borneo is nice, too.  A kid tried to buy my ipod off of me for 3 times the market price, he laid off once I told him that you needed a computer to use it.  

Fri, 06/03/2011 - 09:31 | 1335555 holdbuysell
holdbuysell's picture

Hasn't that sell/buy ratio of insiders been well over the magic 30 for a few years now?

ZH/Tyler have been covering this for some time now how insiders are selling in droves.

Fri, 06/03/2011 - 09:30 | 1335568 SheepDog-One
SheepDog-One's picture

Wow they just throw out an in your face lie about insider buying when insiders are selling 1,000x1 ?

Fri, 06/03/2011 - 10:47 | 1335932 alien-IQ
alien-IQ's picture

Edward Bernays would be proud.

Fri, 06/03/2011 - 09:24 | 1335520 Racer
Racer's picture

"Insane YoYo" Love it... yes, that's the 'market' these days... unreal

Fri, 06/03/2011 - 09:26 | 1335549 bigdumbnugly
bigdumbnugly's picture

in an insane yo-yo market you walk the DOG

or other such inverse fund.

Fri, 06/03/2011 - 09:36 | 1335585 Bob
Bob's picture

TZA booming against the Russell so far.  It'll be interesting to see how Bennie's buddies stem that slide. 

Fri, 06/03/2011 - 10:25 | 1335820 snowball777
snowball777's picture

Riding the line between justification for QEx (where x >= 3) and a complete pooch screwing.

Fri, 06/03/2011 - 09:24 | 1335521 urbanelf
urbanelf's picture

S&P 3, QE 500

Fri, 06/03/2011 - 09:24 | 1335522 Atomizer
Atomizer's picture

You spin me right round, baby
Right round like a record, baby
Right round, round, round
You spin me right round, baby
Right round like a record, baby
Right round, round, round

Fri, 06/03/2011 - 09:27 | 1335535 alien-IQ
alien-IQ's picture

this shit was making me dizzy...USD getting completely monkey-hammered. I'm already starting to eyeball the Tequila bottle.

Fri, 06/03/2011 - 09:27 | 1335536 youngman
youngman's picture

I used to go to Six Flags for a ride like that....

Fri, 06/03/2011 - 11:10 | 1336043 mick_richfield
mick_richfield's picture

Hey, excellent business idea!

Let's start a new amusement park called....wait...

Six False Flags

motto:  "This is gonna kill you!"

Speak up, ZH!  Who wants the first franchise?

Fri, 06/03/2011 - 09:24 | 1335541 hedgeless_horseman
hedgeless_horseman's picture

When the minute chart on the EUR/USD looks like my treadmill workout it's time to buckle up.

Fri, 06/03/2011 - 09:26 | 1335554 Urban Redneck
Urban Redneck's picture

More like the YoYo of Death, the beast must create work for 7,000 Financial Services hires conjured in the BLS B/D Modeling, apparently they were all margin clerk positions.

Fri, 06/03/2011 - 09:31 | 1335558 I am a Man I am...
I am a Man I am Forty's picture

i'm sure the primary dealers are all in collusion to send the market down to guarantee qe3 starts on july 1, total fucking capture

Fri, 06/03/2011 - 09:35 | 1335580 SheepDog-One
SheepDog-One's picture

I think they want to create a down market but are clinging like grim death because they fear once it starts really dumping there will be no controlling it, not with all time high market margin!

Fri, 06/03/2011 - 09:43 | 1335620 rubearish10
rubearish10's picture

Bernanke has to be involved if this "collusion" has any connection to EU decision/announcement. We've got to play along until......."the music stops"!

Fri, 06/03/2011 - 09:41 | 1335624 rubearish10
rubearish10's picture

Bernanke has to be involved if this "collusion" has any connection to EU decision/announcement. We've got to play along until......."the music stops"!

Fri, 06/03/2011 - 09:47 | 1335669 rubearish10
rubearish10's picture

Bernanke has to be involved if this "collusion" has any connection to EU decision/announcement. We've got to play along until......."the music stops"!

Fri, 06/03/2011 - 09:30 | 1335569 qussl3
qussl3's picture

Sell the news.

Matter of time before riots happen and it hits the news.

No one dares short the EUR now, but after?

Fri, 06/03/2011 - 09:34 | 1335571 Djirk
Djirk's picture

pump seems to happen when US markets open.

Dear Fed, the weak dollar has not sustained employment or improved manufactoring....and QE2 still has a month or so to go. What will be the justification for qe other than exporting democracy in mineral rich regions?

Fri, 06/03/2011 - 09:42 | 1335609 shortus cynicus
shortus cynicus's picture

...exporting democracy in mineral rich regions...

+1984

Anyway, why is democracy export not appropriate accounted? It could drastically lower trade deficit.

Fri, 06/03/2011 - 09:35 | 1335576 scratch_and_sniff
scratch_and_sniff's picture

Its looking like a one way street in Eur/Usd at the moment, with the greeks about to be bailed and people thinking about QE3 again, add to that the floated idea of an "EZ finance ministy", and its hard to short it(i wouldnt if i was you). Todays news is hitting growth currencies, and i think the pair took a hit from that...other than dealer shenanigans, im still cool. There was no way the pair was staying down for long on that NFP number.

Fri, 06/03/2011 - 09:35 | 1335592 SheepDog-One
SheepDog-One's picture

What QE3, theyre going to imagine up some more fake money, and people will buy it? Not me, fading this crapsickle all the way.

Fri, 06/03/2011 - 09:58 | 1335713 scratch_and_sniff
scratch_and_sniff's picture

Fair enough, we could see a liquidity squeeze, and the greek thing could be a buy the rumor job. Who knows, you pays your money you takes your chance.

Fri, 06/03/2011 - 09:35 | 1335594 camoes
camoes's picture

And gold is up! Gold to US Dollar: WHO'S THE SAFE HAVEN NOW BITCH?

Fri, 06/03/2011 - 10:27 | 1335835 King Durian
King Durian's picture

"Now" would be a good word to put it. When later, is not now, the commodity crash will occur and bet the house and dog gold and silver is going down with it. If anything, a damn good shot at rutting gold and silver's run.

Fri, 06/03/2011 - 11:26 | 1336123 camoes
camoes's picture

Gold is not a commodity, it's money...it will go down against what? Maybe stocks and real estate and foreign currencies/bonds with healthy balance sheets, but if you're talking against the dollar...while The Bernanrk is in power and US won't default...go for it and bet the farm on it if you are so sure

Fri, 06/03/2011 - 09:37 | 1335604 SheepDog-One
SheepDog-One's picture

It wont be QE3 rainbow skittles showered upon 100 P/E's, it will be false flags and extreme national security threats and people waking up to find their bank accounts, stocks, and 401K's seized by the Gubment one morning soon. Thats all.

The Treasury Is Soliciting Your Feedback Regarding The Proposed Annuitization Of 401(k) | zero hedge

Fri, 06/03/2011 - 09:44 | 1335606 jaffi
jaffi's picture

DJI down 1% in the first 5 minutes of trading!!!   DXY down over 10 bp.  This should be an interesting day.

 

Fri, 06/03/2011 - 09:48 | 1335608 agent default
agent default's picture

Greece will implode sooner or later no matter what.  At this point

it is the politics running the show in Europe, hence the favourable reports.

Incidentally is this G-Pap's face in the noose?

http://s.enet.gr/resources/2011-06/syntagma-2-thumb-large.jpg

 

Fri, 06/03/2011 - 09:39 | 1335610 IEVI
IEVI's picture

 

Mommy make them stop this ride I want to get off.

 

Fri, 06/03/2011 - 09:42 | 1335614 alien-IQ
alien-IQ's picture

Oil down, gold way up, silver way down, E/U and DXY all over the fuckin map....WTF!!!??!!!????

Fri, 06/03/2011 - 09:45 | 1335636 Caveman93
Caveman93's picture

So how much rope to hang an elephant versus a donkey? Should I get a certain thickness?

Fri, 06/03/2011 - 09:47 | 1335650 alien-IQ
alien-IQ's picture

I say we take no chances and just break out the Guillotine. Better safe than sorry.

Fri, 06/03/2011 - 09:48 | 1335656 SheepDog-One
SheepDog-One's picture

Yes I buy 600 pound test nylon military rope at army surplus stores its cheap. SHould be strong enough to even haul up Bernankes ass no problem.

Fri, 06/03/2011 - 10:26 | 1335844 firefighter302
firefighter302's picture

Hang them, both!

Fri, 06/03/2011 - 12:26 | 1336382 stormsailor
stormsailor's picture

i was going to say get one as thick as that pic makes me, ahahahahahahah

 

but i think piano wire is what your looking for.

Fri, 06/03/2011 - 09:46 | 1335644 SheepDog-One
SheepDog-One's picture

Clusterfuk economic model! What the value of anything when its all 100 P/E priced in bullcrap?

Fri, 06/03/2011 - 09:49 | 1335684 alien-IQ
alien-IQ's picture

I may have to short the E/U here...I won't respect myself in the evening if I don't.

Fri, 06/03/2011 - 09:45 | 1335658 HUGE_Gamma
HUGE_Gamma's picture

thats the fuck you formation

Fri, 06/03/2011 - 09:48 | 1335660 Blorf
Blorf's picture

When the major currencies on the planet trade like Haitian penny stocks, it is totally normal and a sign of a properly functioning market.

Fri, 06/03/2011 - 09:54 | 1335694 jaffi
jaffi's picture

+1  LOL.  It wouldn't be as funny if it weren't so true.  

Fri, 06/03/2011 - 09:59 | 1335672 Kreditanstalt
Kreditanstalt's picture

Alright lemmings...READY, SET, PANIC!!!!!!     SELL!   SELL!   SELL all those "RISKY" "commodities" like gold stocks, silver miners...SELL, oil, sell coal, sell, gas, SELL anything of real value...!

BUY government bonds!!   Buy any bonds!   FLEE to dollars!!

Fri, 06/03/2011 - 09:55 | 1335679 Kreditanstalt
Kreditanstalt's picture

Alright lemmings...READY, SET, PANIC!!!!!!     SELL!   SELL!   SELL all those "RISKY" "commodities" like gold, silver...SELL, oil, sell coal, sell, gas, SELL anything of real value...!

BUY government bonds!!   Buy any bonds!   FLEE to stupid dollar-denominated bonds!!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fri, 06/03/2011 - 10:02 | 1335717 augie
augie's picture

Try to contain your excitement long enough to remove your digits from the space, tab, or return keys when posting. It helps all of us.

Fri, 06/03/2011 - 09:56 | 1335690 CrankItTo11
CrankItTo11's picture

Snap back to reality, Oh there goes gravity
Oh, there goes Bernanke, choked
He's so mad, but he won't give up that easy, no
He won't have it, he knows the whole world's on the rope he's tight walking.

Fri, 06/03/2011 - 10:11 | 1335758 stormsailor
stormsailor's picture

i went long 10 /es at 1299.75. let the pump crew make me some monet.

Fri, 06/03/2011 - 10:12 | 1335763 SmoothCoolSmoke
SmoothCoolSmoke's picture

Averaging into SPY 130 August puts.  We'll see.

Fri, 06/03/2011 - 10:53 | 1335986 augie
augie's picture

you got balls.

Fri, 06/03/2011 - 12:14 | 1336356 stormsailor
stormsailor's picture

i could have gotten out with a tidy little sum already,  but i think it will break that 1307.50 resistance later and blow up like a balloon.

 

i don't like the way it is, but it is what it is.

 

blow me bernanke

Fri, 06/03/2011 - 12:28 | 1336389 augie
augie's picture

+1 fuckin' A.

Fri, 06/03/2011 - 10:12 | 1335778 Printfaster
Printfaster's picture

I love the way the headlines spin the market:

DJIA Down Sharply After Jobs Data; VIX Jumps 3.8%

The Dow is down, but hey, you can make mony on VIX.  Don't they make VapoRub.  Talk about a market taking the vapors.

 

Fri, 06/03/2011 - 10:48 | 1335945 plocequ1
plocequ1's picture

My new logo.. Fuck the VIX, Invest in Netflix.. What ya think?

Fri, 06/03/2011 - 10:18 | 1335785 topcallingtroll
topcallingtroll's picture

Did tyler durden just invent a new technical indicator, the insane yo yo?

Good for you!

Fri, 06/03/2011 - 10:24 | 1335834 lizzy36
lizzy36's picture

His best invention was "bidetesque".

Actually applies perfectly right now.

Fri, 06/03/2011 - 10:14 | 1335786 FoieGras
FoieGras's picture

Any trader worth his money knows how to handle NFP whipsaws. Otherwise he should look for a new occupation instantly.

Fri, 06/03/2011 - 10:42 | 1335905 alien-IQ
alien-IQ's picture

any trader worth his money doesn't make hindsight calls and claim to have known it all along. We leave shit like that to Robotrader...he's got that angle covered. You'll need to find another line of bullshit to call your own.

sell crazy somewhere else...we're all stocked up.

Fri, 06/03/2011 - 10:54 | 1335979 bbq on whitehou...
bbq on whitehouse lawn's picture

I'm going to have to junk you if you do not credit that quote sir.

Fri, 06/03/2011 - 10:45 | 1335948 djsmps
djsmps's picture

It's starting to look like a positive close today.

Fri, 06/03/2011 - 10:52 | 1335984 Franken_Stein
Franken_Stein's picture

 

I love it when you refer to our former Reichspräsident and WWI hero.

He died in 1934 and he didn't like Hitler.

He called him "The Bohemian private".

 

And our apologies to all victims of the explosion of the Zeppelin at Lakehurst, but we learned from our mistakes and fill them with He now.

 

Fri, 06/03/2011 - 11:16 | 1336074 virgilcaine
virgilcaine's picture

Nothing mobilizes the Hft Bots more than "Hindenburg Omen".

Fri, 06/03/2011 - 11:20 | 1336075 virgilcaine
virgilcaine's picture

Tylers going to send the Bots apeshitt..Hindenburg and Yo-yo Chart formation headlines.

Fri, 06/03/2011 - 11:14 | 1336080 mick_richfield
mick_richfield's picture

I'm pretty sure this was clearly referred to in one of the Hopi Indian Prophecies.

And this is the Ninth and Last Sign: You will hear of FOREX markets behaving as the Insane Yo-Yo of Death.  Not that there's anything wrong with that.  Just after this, markets shall fall with a great crash. Money will appear in vast quantities from a white man's ass. Very soon after this, the ceremonies of my people will cease."

Fri, 06/03/2011 - 20:13 | 1338122 XPolemic
XPolemic's picture

Thanks for the lulz.

Fri, 06/03/2011 - 11:27 | 1336141 virgilcaine
virgilcaine's picture

Lunchtime..! Sideways until 2pm. Then Down..BBL.

Fri, 06/03/2011 - 12:03 | 1336309 slaughterer
slaughterer's picture

OK, just finishing up my MOMOFUKU plate at the GS cafeteria.  Now I am going to have an espresso and some nice cake from Elaine's.  After my post-lunch 15-minute nap, I will follow my boss's instructions to sell 1 million shares of IWM before I go to the Hamptons in my Ferrari for the weekend.  Oh yes, SLV is also on the list, but only 500,000 shares need to be sold.

Fri, 06/03/2011 - 12:10 | 1336338 Franken_Stein
Franken_Stein's picture

 

Just another day in the life of an mid-level GS prop trader.

How dull.

 

Fri, 06/03/2011 - 12:22 | 1336376 mt paul
mt paul's picture

Her name was Yo Yo 

for a couple hundred bucks extra 

she'd take you , round the world ..

Fri, 06/03/2011 - 13:05 | 1336541 slaughterer
slaughterer's picture

Ok, yawn, 1pm, just woke up.  Sweet dreams of ES 1220.  Now I am going to push the sell button and line up some hookers and bubbles for the weekend.

Fri, 06/03/2011 - 13:09 | 1336551 Grand Supercycle
Grand Supercycle's picture

This will help the Euro and Dollar...

S&P500 weekly chart showing rising wedge enclosed within massive megaphone top, warning of another Black Swan.

http://stockmarket618.wordpress.com/2011/06/01/wed-june-1

Fri, 06/03/2011 - 16:21 | 1337439 speconomist
speconomist's picture

Tyler, you're the ORACLE!!!

 

I wish I had had the guts to listen to you and go almost all-in when I read it.

Do NOT follow this link or you will be banned from the site!