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.
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 ?
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!
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.
Something might go haywire soon?
http://www.zerohedge.com/news/2013-06-19/china-interbank-market-freezes-overnight-repo-explodes-25
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
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
...... I have tripled my account this week
tripled my account this week
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
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!
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