International Index Trading
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chops_a_must
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And US futures tank after close. Failed to take out Friday's swing low.
Any pollyanna buyers here might be either stupid, or need to be very careful.
China and tech, the last bastions, appear to be faltering.
Good day to look at some new shorts one would think.
Any pollyanna buyers here might be either stupid, or need to be very careful.
China and tech, the last bastions, appear to be faltering.
Good day to look at some new shorts one would think.
chops_a_must
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chops_a_must
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Nikkei tanking.
Thrilling finish coming up!
Thrilling finish coming up!
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I can't imagine how it will be possible for the DOW not to tank shortly, and head into a bear market senario.
Given that what I would consider a solid technical support level of around 12000, and having already closed at 11,971.19.
With the futures pointing to a modest decline, DJIA INDEX 11,859.00 -92.00, this will leave the DOW in no mans land. There is no hint of any support around this 11860 level.
Could somebody with a better understanding please explain how it is possible, technically, for the DOW to recover back through the 12000 level, providing the futures remain 92 down.
How can it turn around from here? Surely it can't.
It must now head to 11000, I can't see another senario...
Given that what I would consider a solid technical support level of around 12000, and having already closed at 11,971.19.
With the futures pointing to a modest decline, DJIA INDEX 11,859.00 -92.00, this will leave the DOW in no mans land. There is no hint of any support around this 11860 level.
Could somebody with a better understanding please explain how it is possible, technically, for the DOW to recover back through the 12000 level, providing the futures remain 92 down.
How can it turn around from here? Surely it can't.
It must now head to 11000, I can't see another senario...
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chops_a_must
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Looks like breakout plays may well be the go for the next little while.
Bought off the R1 which looked strong, and was out on the mid-point. Missed the majority of that move, but can't complain. Tis it for the night.
Pollyanna is back!
Bought off the R1 which looked strong, and was out on the mid-point. Missed the majority of that move, but can't complain. Tis it for the night.
Pollyanna is back!
wayneL
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Yup!Looks like breakout plays may well be the go for the next little while.
Bought off the R1 which looked strong, and was out on the mid-point. Missed the majority of that move, but can't complain. Tis it for the night.
Pollyanna is back!
Dip buying is back in style. Bad news is good news, war is peace, etc etc
chops_a_must
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Wow. Did the dow just gap a 100 points?
Glad I was not in that. Nasty stuff. I assume it's some fed thing.
Glad I was not in that. Nasty stuff. I assume it's some fed thing.
chops_a_must
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And I thought I was sooooo smart fading that opening gap.
Turns into one of the biggest breakdowns I've personally seen... and I wasn't on it!
LOLOLOLOLOLOLOL!
Turns into one of the biggest breakdowns I've personally seen... and I wasn't on it!
LOLOLOLOLOLOLOL!
chops_a_must
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Preparing to paper trade the "fade Bush" strategy.
Short at 11975...
Short at 11975...
Kauri
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nothing to back it up but....
market players spruiking an emergency cut...
75 bps @100%... 100@ 15-20%
up to 50bln upcomoing in US bank "accidents" this qtr...
GW has come out and spoken... again... and the market... again... has ignored him...
ECB has told euro players to approach them directly
!!!!!...!!!CB's checking rates!!!!...!!!! Jpn included
NZ heading for recession....
McGinty heading for the cappochino strip..
Cheers
./......Kauri
chops_a_must
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Damn trader affects. It took off again when he said his speach was ending. Lol! -50 on paper.
I'd say Jim may be driving his mate Neal home. I'm usually happy when Jim is, but not when he hangs around Neal. Wouldn't mind having a coffee with him though... I wonder if he pays the waiters under the table as well?
P.S. - the futures dropped 20 points on those ahhh, ahhh, ahhhs. Ahahahahaha!
Kauri
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Bear Stearns plans a conference call at 12:30 EDT (1730 GMT???..0230 here??)..today to address speculation in the market place and may trigger further market volatility.
come prepared...
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Hi All,
I am using IB to stream the HSI futures data into Amibroker, and have noticed (as part of the backfilling process) that data from between 3:30pm and 5:30pm (SYdney time) is not available. Indeed, just looking at the live feed right now and I noticed that no data is coming through between the same period. Anybody else noticed this ? and for those that trade the HSI (using IB) how do you trade during this period if the data is not available.
I am using IB to stream the HSI futures data into Amibroker, and have noticed (as part of the backfilling process) that data from between 3:30pm and 5:30pm (SYdney time) is not available. Indeed, just looking at the live feed right now and I noticed that no data is coming through between the same period. Anybody else noticed this ? and for those that trade the HSI (using IB) how do you trade during this period if the data is not available.
Trembling Hand
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TH, thanks. Who would have thought in this day and age that the HSI could be down for 2 hrs everyday for a lunchbreak
Doesn't really leave many actual trading hrs. OK another question, are there many HSI traders that hold over the lunch break ???
Trembling Hand
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TH, thanks. Who would have thought in this day and age that the HSI could be down for 2 hrs everyday for a lunchbreak
Japan is the same.
As for holding over the lunch break, I don't this sucker is crazy enough. Getting gapped a couple of hundred points right after lunch gives you bad indigestion.
chops_a_must
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I have a burning question that I'm hoping someone will answer.
I'm trying to understand what moves the index futures, and so decided to look at them tick by tick.
Why is it that the mini Hang Seng(MHI) and the normal Hang Seng futures (HSI) move in EXACT unison while trading, down to the 1 tick level?
They both finished exactly on 23230 tonight, and if you bother to watch the 1 tick charts of the HSI and MHI side by side, you would be amazed by the simultaneous tick by tick movements throughout the entire session, not just in parts.
In fact, it happens across Europe and America as well. The DAX, Z, CAC, ESTX50 and SMI will all move tick by tick, as will the 4 US indices - but not so closely due to prive level variations (ie YM at 12000, er2 at 680).
I'm guessing the answer lies in professionals running software programs that bring any straggling or deviating indexes back into alignment. I seriously dont believe that humans can be responsible for the split second realignments that happen so frequently every minute across multiple indices. It happens too fast.
So to take this one step further, how many trades on the index futures across the world are computer generated compared to human generated? Are software programs just picking up the lagging indexes, or is there more to it? When we trade, are we trying to take money from other human traders, or are we up against computers? Is it possible for human traders to outthink these computers?
In memory of Arthur C Clarke and Isaac Asimov I have to ask the following question.
'Are humans really in control of index futures any more?'
I'm trying to understand what moves the index futures, and so decided to look at them tick by tick.
Why is it that the mini Hang Seng(MHI) and the normal Hang Seng futures (HSI) move in EXACT unison while trading, down to the 1 tick level?
They both finished exactly on 23230 tonight, and if you bother to watch the 1 tick charts of the HSI and MHI side by side, you would be amazed by the simultaneous tick by tick movements throughout the entire session, not just in parts.
In fact, it happens across Europe and America as well. The DAX, Z, CAC, ESTX50 and SMI will all move tick by tick, as will the 4 US indices - but not so closely due to prive level variations (ie YM at 12000, er2 at 680).
I'm guessing the answer lies in professionals running software programs that bring any straggling or deviating indexes back into alignment. I seriously dont believe that humans can be responsible for the split second realignments that happen so frequently every minute across multiple indices. It happens too fast.
So to take this one step further, how many trades on the index futures across the world are computer generated compared to human generated? Are software programs just picking up the lagging indexes, or is there more to it? When we trade, are we trying to take money from other human traders, or are we up against computers? Is it possible for human traders to outthink these computers?
In memory of Arthur C Clarke and Isaac Asimov I have to ask the following question.
'Are humans really in control of index futures any more?'
