Australian (ASX) Stock Market Forum

International markets traders banter

I managed to scrape a few good pips today, nothing really exciting though, to suit the chart. All the fun happened last night?
 
Take that longs alright :eek: not far from the weeks low now, dafaq

Sheeshish!! She's getting killed by someone...... insatiable seller!!

Wish I had the nackers to hang, would of been a nice end to the month...... :banghead:

Look at China................. 3.66%........ down
 
Sheeshish!! She's getting killed by someone...... insatiable seller!!

Wish I had the nackers to hang, would of been a nice end to the month...... :banghead:

Look at China................. 3.66%........ down

Reckon, seller is giving it a thrashing! So persistent, been waiting for it to flip around, still waiting, just keeps getting smashed.
 
Yeeehaw, I caught this one right on the cuff and riding it down with a tight trail.

A whole 10 pts on the AUDUSD, :badass:
 
I reckon I'm gonna have to stop trading AUDUSD and find another pair or instrument for my discretionary activities soon. It's not as risk on/risk off sort of trade as it used to be, more like USDJPY now. I like and understand FX, so any suggestions on a pair anyone likes to trade during Asia hours would be appreciated.
 
I reckon I'm gonna have to stop trading AUDUSD and find another pair or instrument for my discretionary activities soon. It's not as risk on/risk off sort of trade as it used to be, more like USDJPY now. I like and understand FX, so any suggestions on a pair anyone likes to trade during Asia hours would be appreciated.

Agree its a completely different instrument to what it has been right up to 6 months ago.

What about AUDJPY?
 
I do actually get very good spreads on AUDJPY so should consider it. The other thing I was considering was to find a large cap stock I like and trade that, but after having traded 24h FX markets for a while now I find it very difficult to get a hold of the intraday charts for stocks and the gapping messes up my technicals.
 
I do actually get very good spreads on AUDJPY so should consider it. The other thing I was considering was to find a large cap stock I like and trade that, but after having traded 24h FX markets for a while now I find it very difficult to get a hold of the intraday charts for stocks and the gapping messes up my technicals.

Why not trade an ETH contract like the ES?:confused:
 
If I were to trade index fut I would like to pick an Asian one.

My main issue with indices is that they generally move counterintuitively to what I'd expect as an intraday FX trader, a lot of the setups I like appear with less frequency and the profitable ones end up having a much higher correlation to my EOD signals so it's better to just keep my index trading to EOD. Also it's very easy for me to get relatively high frequency sentiment data on FX, I can't do that on index futs.
 
For each of the last 3 years, selling at first sign of Europe troubles has been the right strategy. These usually build up over a few months leading to sharp retreats around May-Oct.

Do people expect a repeat of what happened in the past 3 years, or will it be different this year? Will "what ever it takes" continue to hold the confidence up?

It's looking like history repeats for the time being. The European markets have moved down and needs to hold the current resistance level. The XJO is clearly marking 5000 as resistance. China has been moving down since Feb as well...

Cyprus is going to grab the headline for the next week or two, and the real crunch may come if another country gets dragged into it.

I am still holding some longs but only at ~50% size compared to Feb - and it wouldn't take long for me to get out of there completely...
 
It's looking like history repeats for the time being. The European markets have moved down and needs to hold the current resistance level. The XJO is clearly marking 5000 as resistance. China has been moving down since Feb as well...

Cyprus is going to grab the headline for the next week or two, and the real crunch may come if another country gets dragged into it.

I am still holding some longs but only at ~50% size compared to Feb - and it wouldn't take long for me to get out of there completely...

yes, is it just me or are the major news channels getting really BULLISH out there right now.

We all know what happend last time everyone got bullish.

The second quarter is well known to be a profit taking quarter on the market, but we shall see.
 
Looks like I'm going to have to replenish my lemonade stores (savings brand of course!) since the grail has managed to achieve yet another high. So it appears to be reasonably well suited to the DAX at this early stage. Could the next drawdown be it's Waterloo?

The goose did briefly surface for air during the past few days, but only to get dunked again - !@#$ing FTSE!

After numerous dunkings throughout most of the past quarter, my prize Goose has finally taken flight, regaining its former altitude just prior to its ascension to a new annual high.

Regretfully, that bottle of savings brand lemonade is going to have to remain on ice for quite a while longer as the DAX Grail has a grimmer tale to tell.

Yes! The DAX has indeed struck yet again and the unthwartable has somehow been thwarted!

Vale DAX Grail. You were mighty. Unfortunately the DAX proved mightier!

(Future Attractions: The Grail Phoenix - Coming soon to a bourse near you!)

On a happier note, it just so happens that the recently deceased Grail is survived by a twin named AbiGrail.
AbiGrail has now been deployed and is thus far finding the FTSE (to which she is better suited) modestly rewarding.

Meanwhile, I've set the meanest grandmother of all my geese onto that dastardly DAX.
So DAX, don't bother crying to me in the coming months! You brought this all on yourself when you dis'd my precious Grail!!
(Who was it that said revenge wasn't sweet?)
 
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