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My daily from June... not bad after a flat May.

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Another downside of having a good run... I used to be very happy with $X profit, but now I shift my expectation towards the top end of the bell curve everyday and really I am just setting myself up for disappointment.



Took the words right out of my mouth. Or may be he gets paid per post or something...

Interesting, the only trading that our capital is doing for real at the moment would have a P/L a little like yours...that choppy period in May/June really drew down the funds...:frown:

CanOz
 
What we are seeing now is natural correction in an overall bull market. June sell off have created some of the great opportunities in Asian region.....

Marketwinner are you a bot?

Marketwinner, just ignore this bunch...
Reading bar by bar on one minute chart often hides the bigger picture... can't see the forest from looking closely at the trees someone once told me ;)

Keep your posts up mate, they are interesting read. :xyxthumbs
 
Just my :2twocents on last nights 2008esque move:

Before I went to bed (and the EURUSD was trading on 20day lows) liquidity sentiment was not exactly giving away any clues to direction, with providers only 3% net short. To give you an idea how narrow this sentiment is, liquidity providers are >70% net short on AUDUSD.

However this morning it's more like 0.5-1% net short, so liquidity providers definitely got the short end of the stick and forced to cover a fair chunk of the net position. My guess is retail traders made out like bandits last night.

An interesting note: if you want to know what 400 points of EURUSD is worth, it's about 2% of the liquidity provider net position it seems ;)
 
Interesting, the only trading that our capital is doing for real at the moment would have a P/L a little like yours...that choppy period in May/June really drew down the funds...:frown:

CanOz

This is our fund performance as i mentioned above. Some nice open profit to get us back to where we started. Obviously we might be giving some of that back soon but hopefully we can max this run out...This is a portfolio of 12 futures systems from Strategic Capital Management in NZ. Start with a nice temper testing draw-down right from the beginning.
 

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post market bernanke comments...

Risk ON!

"We will taper if the economy turns up..." = Risk OFF.

"We won't taper unless the economy turns up..." = Risk ON.

No wonder the market is referred to as feral pig.
 
"We will taper if the economy turns up..." = Risk OFF.

"We won't taper unless the economy turns up..." = Risk ON.

No wonder the market is referred to as feral pig.

This is a pic of the Fed's main liquidity control panel

Pinball1.jpg

Except you don't get penalized for tilting the table if you are the fed.
 
My assessment of Bens comments last night was a reaction to the numbers coming out of China.
People are betting the Chinese will stimulate.
This is a mistake.
China has overcapacity in infrustructure and just about everything else.
It also has massive property bubble.
They are about to learn the true genius of free markets from bottom up supply demand as apposed to the mistake of thinking communist visionaries can create/manipulate/manufacture the whole thing from the top down.

Prior to the recent spike in oil due to the Egypt issue, China's inflation was getting out of hand again!
With oil up, the most powerful fuel for China's food inflation and more stimulus will just inflate the thing for an even bigger explosion.
They will not stimulate unless it's out of total desperation in which case the catastrophe will all ready be playing out.
Not good for ausi resources, apart from gold maybe.
 
Very interesting comments Notting and there has barely been a thing said about $100 oil and what it will do to inflation - I guess it is of little concern to most economies that have little inflation at all - China being the exception but even with all the recent data from China, the market moves up - not much effect recently.
Maybe storing the downside for a shock move precipitated with a further growth revision?
 
Marketwinner, just ignore this bunch...
Reading bar by bar on one minute chart often hides the bigger picture... can't see the forest from looking closely at the trees someone once told me ;)

Keep your posts up mate, they are interesting read. :xyxthumbs


Thanks avion. I just write my ideas based on my analysis. Global bull markets still have legs. In addition there will be volatility in all types of markets.

In a roaring bull market volatility and disruptions create buying opportunities. I became bearish on Gold, AUD and NZD and bullish on USD before others. I also see some great long term opportunities in developed markets if we analyze five to seven year time horizon. In short we have great opportunities in almost all types of markets such as currency, commodity and stock markets in developed, emerging and frontier world. I have done more study on USA market and frontier market. Later I decided to to follow other markets. At the moment I am exploring coming opportunities in Australasia. After USD there will be few more bull currencies. It is time to identify next most bullish stocks, commodities, currencies before others.

My ideas are not a recommendation to either buy or sell any security,commodity or currency. Please do your own research prior to making any investment decisions
 
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