International markets traders banter

[skc]

Yerp! and if you're a long time ZH reader, you will notice that the last time Chinese interbank yields were spiking like this was 2010, right when the Shanghai Comp was running ~3100.

Actually I first saw this mentioned in Charlie Aitken's email so I thought Zerohedge would definitely have something on it. It was just easier to post ZH's link as Charlie doesn't seem to like people re-telling his thoughts.

I used to read ZH a fair bit but now I only go there when I want to look for specific topics. Reading ZH too much is definitely bad for going long in anything (except gold, of course).

 

[Trembling Hand]

Corn down.

Great I love corn. opcorn:

 

[mr. jeff]

Hope it was AUD shorts!

XAO shorts but this is the international markets thread....
On the Nikkei short looking for a break down below 13000
anyone else trading it ?
Haven't had trading like this for a long time
Shorts are very satisfying for some reason.
Something about spending so much time hoping the market was up in the US overnight when trading stocks and then being disappointed... when you are short, every bit of bad news means profit.

Will the pressure let up or last through until the weekend ?

 

[mr. jeff]

XAO shorts but this is the international markets thread....
On the Nikkei short looking for a break down below 13000
anyone else trading it ?
Haven't had trading like this for a long time
Shorts are very satisfying for some reason.
Something about spending so much time hoping the market was up in the US overnight when trading stocks and then being disappointed... when you are short, every bit of bad news means profit.

Will the pressure let up or last through until the weekend ?

Carnage again.
All my trades hit their limits except one lonely XAO contract that I left to run past what I thought was possible.

 

[kid hustlr]

Interesting to see how long the keep dumping both stocks and bonds for. Obviously it's a liquidity/QE thing right now but at some stage there's a lot of big players out there who need to put their money somewhere.

 

[CanOz]

Always get a buzz out of a good short trade, stocks are more difficult than indices because the damage is done when they open, some gaps are not filled.

The profits come faster, you need to be nimble as shorts cover quickly too.

CanOz

case in point - FXI jumped my stop order

 

[avion]

C'mon TH, make the HSI move....!

 

[avion]

Good lad.

 

[Trembling Hand]

I tried and I tried and I tried. In the end I just gave up and went of a :cup:

Here is my first hour and a bit work,


Has got a bit better since but :horse:

 

[tech/a]

I tried and I tried and I tried. In the end I just gave up and went of a :cup:

Here is my first hour and a bit work,
View attachment 52912

Has got a bit better since but :horse:

I know you never hold overnight.
But--say--200 ticks x 100 contracts = 200,000HKD

You could then buy the coffee shop next door!

 

[Trembling Hand]

I know you never hold overnight.
But--say--200 ticks x 100 contracts = 200,000HKD

Nah its a mil HKD

200 X 100 contacts x 50 HKD per point = $1,000,000

You could then buy the coffee shop next door!

I used to own 3 cafes and a bakery....... Never again. This is much easier

 

[avion]

And once you vent for a coffee that's when it broke out. I've had so many expensive toilet breaks that i am seriously thinking about buying one of those portable camping toilets for my trading room. Ah, the smell of it, huh...:disgust::flush:

 

[tech/a]

Nah its a mil HKD

200 X 100 contacts x 50 HKD per point = $1,000,000



I used to own 3 cafes and a bakery....... Never again. This is much easier

Hell yeh.

 

[mr. jeff]

Hell yeh.

Certainly not in that league but I have tripled my account this week
Still short into the afternoon but heeding your suggestion of a rebound overnight T/A

 

[skc]

Something might go haywire soon?

http://www.zerohedge.com/news/2013-06-19/china-interbank-market-freezes-overnight-repo-explodes-25

http://www.marketwatch.com/story/ch...quidity-report-2013-06-20?link=MW_latest_news

HONG KONG (MarketWatch) -- The People's Bank of China injected 50 billion yuan ($8.17 billion) into the financial system on Thursday after a cash squeeze pushed money-market rates to record highs, Bloomberg News reported, citing an official at a state-owned bank. The money was supplied to a single lender through short-term liquidity operations and more lenders were in talks with the central bank to obtain financing, the report said

Look like they fixed the problem for may be 2 hours.

Certainly not in that league but I have tripled my account this week
Still short into the afternoon but heeding your suggestion of a rebound overnight T/A

That is never a good thing... :frown:

 

[Trembling Hand]

...... I have tripled my account this week

How is that possible without having nutz position size?

 

[boofis]

tripled my account this week

I had 20c in my wallet on wednesday and found $1.05 in my coat jacket Thursday. My best trading results by far, SCORE.

 

[CanOz]

http://www.marketwatch.com/story/ch...quidity-report-2013-06-20?link=MW_latest_news



Look like they fixed the problem for may be 2 hours.



That is never a good thing... :frown:

Friday, 21 June 2013 11:46:21 AM (CN) Reports related to move by PBoC to ease liquidity shortage said to have been not accurate - Chinese Press- Says the PBoC did not inject funding into the interbank market through reverse repos on Thursday. - Earlier reports suggested that the PBoC had provided window guidance to the larger banks aimed at freeing up cash in the financial system; Also, on yesterday's session there was speculation that the PBoC supplied CNY50B in targeted liquidity; On Thursday, the PBoC also auctioned CNY40B in 6-month MoF deposits at 6.5% v 4.8% in May. - China's overnight rate has declined by over 300bps on the session. - Source TradeTheNews.com

FYI

 

[tech/a]

How is that possible without having nutz position size?

A very small account??

Im actually an expert in small business.
I generally start with big businesses!

 

[mr. jeff]

A very small account??

Im actually an expert in small business.
I generally start with big businesses!

A small account. Not very small.
Can't handle too many zeroes - it is life altering which prevents sleep.
I trade very aggressively when the probability is high and "pyramid" as you call it.
Although last night I slept easy with markets sitting just below resistance prior to US opening (XAO,Nikkei) stops moved near break-even and just let it unroll.
1/3 of my account at risk.

I had a long on AUD/USD which I closed when no reaction materialized for a very small gain.That was the riskiest trade all week which was in hindsight stupid.

No doubt it will be a fleeting win.
Credit to these threads for helping with direction and commitment - thanks.