Trading with point and figure

Trying a speculative long EG .8715 x 1 only. TP maybe around 40....
Well that was suspiciously easy...out at 40 for +25. By my past results this should mean that we're heading immediately to .8800 and I have therefore left another 60 on the table 🤪

Now going for a walk out of pique....
 
Milord
Édith Piaf

Allez, venez, Milord!
Vous asseoir à ma table;
Il fait si froid, dehors,
Ici c'est confortable.
Laissez-vous faire, Milord
Et prenez bien vos aises,
Vos peines sur mon coeur
Et vos pieds sur une chaise
Je vous connais, Milord,
Vous n'm'avez jamais vue
Je ne suis qu'une fille du port,
Qu'une ombre de la rue...
Pourtant j'vous ai frôlé
Quand vous passiez hier,
Vous n'étiez pas peu fier,
Dame! Le ciel vous comblait:
Votre foulard de soie
Flottant sur vos épaules,
Vous aviez le beau rôle,
On aurait dit le roi...
Vous marchiez en vainqueur
Au bras d'une demoiselle
Mon Dieu!... Qu'elle était belle...
J'en ai froid dans le coeur...
Allez, venez, Milord!
Vous asseoir à ma table;
Il fait si froid, dehors,
Ici c'est confortable.
Laissez-vous faire, Milord,
Et prenez bien vos…
Mais oui, dansez, Milord!
La-la-la... Bravo Milord!
La-la-la... Encore Milord!... La-la-la...
 
Well that was suspiciously easy...out at 40 for +25. By my past results this should mean that we're heading immediately to .8800 and I have therefore left another 60 on the table 🤪

Now going for a walk out of pique....
(y) :cool::cool::cool::cool::love::love::love::love:🥃🥃🥃🥃🥃
 
supp broke
excellent
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Good Morning: The Long & the Short of it and The Bigger Picture - 24 April 2020 - ADM ISI


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Ostwald, Marc
08:54 (1 hour ago)

to Marc






- Digesting UK Consumer Confidence and record Retail Sales, awaiting German
Ifo Business Climate, US Durable Goods and final Michigan Sentiment; rate
cut expected in Russia, plenty more corporate earnings; digesting renewed
EU rescue package failure

- Ifo: new all-time low expected, PMIs hint at some downside risks

- Russia: RUB and Oil woes not seen restraining Bank Rossi from 50 bps cut

- US Durable Orders: spectacular slide in Boeing Orders seen driving record
headline slide, core measures also seen sliding sharply

- Charts/table: Ifo Business Climate, WTI Contract table, US IG & HY
Credit spreads, JPM EM bond avg. spread

..........................................................................

********************
** EVENTS PREVIEW **
********************

Another week of 'lockdown' draws to a close, with oil markets seemingly catching their breath after an unprecedented and brutal pummelling, but with only the most modest of curve flattening given that the June 20/21 WTI spread still stands above $16, implying little optimism on the demand or indeed supply outlook. Obviously yesterday's crash in Services PMIs (and bad Manufacturing readings, above all Production indices that were much worse than headline PMIs) underline that any optimism on a quick turnaround in the fortunes of the world economy looks sorely misplaced. On today's agenda are the overnight UK GfK Consumer Confidence (slightly better than expected, but close to all-time lows) and March Retail Sales (headline posting slightly larger than expected record fall, with Japan CPI not offering anything major for markets to consider ahead of next week's BoJ meeting (said to be close to deciding on unlimited QE), while ahead lie Germany's Ifo survey and US Durable Goods Orders and final Michigan Sentiment. Russia's Bank Rossi is expected to cut rates by a further 50 bps to 5.50%, despite major RUB and oil price headwinds, while a further rash of corporate earnings in US, Europe and Asia features a number of auto companies (Kia, Great Wall & Saab), industrials / resources (POSCO, Eni, Freeport-McMoRan), tech/telecoms (NEC, Sony, Verizon) along with the likes of Raytheon, Sanofi and Clear Channel Outdoor). The EU once again managed to agree that more needs to be done via way of a package to combat the impact of Covid-19, but also singularly failed on how this would be financed and deployed - the message from the likes of French President Macron was that it is effectively better not to reach a deal than agree a bad deal, but as with his FT interview last week, he was keen to stress that the failure is a material existential threat to the future of the EU/Eurozone. Perhaps more salient is the point that there is an obvious acute need for this package to be implemented immediately. Even if some compromise is finally reached, it may well be far too little, and far too late, not to mention that with each passing day the costs will continue to rise, and the failure to reach agreement only exacerbates the shattered levels of public confidence (consumer & business), and economic nationalism tendencies.

On the data front, the headline Ifo Business Climate is expected to fall sharply again to a new record low 79.7 from March's final 86.1, paced above all by a fall in the Current Assessment (f'cast 80.5 vs. prior 93.0), with yesterday's PMIs implying some downside risks. US Durable Goods Orders are seen sliding 12.0% m/m (the sharpest ever slide given a previous record fall of -10.2% m/m in January 2009), paced above all by transport with Boeing posting a net -119 fall in Orders, and per se implying some downside risks. Core measures are seen down 6.3% m/m ex-Transport with the Capex proxy measure Non-defence Capital Goods ex-Aircraft seen falling 6.7% m/m. The final reading on Michigan Sentiment is also expected to be revised down quite sharply to 67.9 from the precipitous 18.1 point fall to 71.0. Once again, these will all be unprecedented, but very much in line with all the anecdotal evidence.
 
Milord
Édith Piaf

Allez, venez, Milord!
Vous asseoir à ma table;
Il fait si froid, dehors,
Ici c'est confortable.
Laissez-vous faire, Milord
Et prenez bien vos aises,
Vos peines sur mon coeur
Et vos pieds sur une chaise
Je vous connais, Milord,
Vous n'm'avez jamais vue
Je ne suis qu'une fille du port,
Qu'une ombre de la rue...
Pourtant j'vous ai frôlé
Quand vous passiez hier,
Vous n'étiez pas peu fier,
Dame! Le ciel vous comblait:
Votre foulard de soie
Flottant sur vos épaules,
Vous aviez le beau rôle,
On aurait dit le roi...
Vous marchiez en vainqueur
Au bras d'une demoiselle
Mon Dieu!... Qu'elle était belle...
J'en ai froid dans le coeur...
Allez, venez, Milord!
Vous asseoir à ma table;
Il fait si froid, dehors,
Ici c'est confortable.
Laissez-vous faire, Milord,
Et prenez bien vos…
Mais oui, dansez, Milord!
La-la-la... Bravo Milord!
La-la-la... Encore Milord!... La-la-la...
Mais dansons M. le Dentiste!...après tout, peut-être pas ensemble, mais quand-même......:p

That song is still wheeled out on French radio from time to time and the jolly tempo belies lyrics which deal fairly bluntly with life being complete shit for a lot of people whilst being most agreeable for others. The lyrics you've posted are somewhat abridged and stop just before it launches into the depressing stuff. Would be happy to provide a translation of the full version if you're curious....though perhaps not on the thread being even offer-topic than usual:)
 
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