International markets traders banter

[skyQuake]

Anyone have colour on the FTSE 'flash' dumping at Japan open (11am ESDT)?

posted about it in the other thread: https://www.aussiestockforums.com/forums/showthread.php?t=26509&page=179&p=844096#post844096

Since everything happened about a second after the open, it could be stops, or someone was a fraction too late in putting orders into the opening match...

 

[DeepState]

posted about it in the other thread: https://www.aussiestockforums.com/forums/showthread.php?t=26509&page=179&p=844096#post844096

Since everything happened about a second after the open, it could be stops, or someone was a fraction too late in putting orders into the opening match...

Thanks SQ. However, I'm still puzzled. This incident occurred at TSE open, not FTSE open. Nothing like it occurred for other major markets even Japan or Australia Something happened at TSE open to smash FTSE whilst it was out of session. Stops can be hit anytime, why then? There was no opening match for FTSE at that time.

It has the look of a major order hitting it. If not stops then phat finger? Wanted to sell TSE not FTSE? Wow..could be.

 

[DeepState]

Thanks SQ. However, I'm still puzzled. This incident occurred at TSE open, not FTSE open. Nothing like it occurred for other major markets even Japan or Australia Something happened at TSE open to smash FTSE whilst it was out of session. Stops can be hit anytime, why then? There was no opening match for FTSE at that time.

It has the look of a major order hitting it. If not stops then phat finger? Wanted to sell TSE not FTSE? Wow..could be.

Uhhh. Yeah, like you said.

 

[ThingyMajiggy]

New lows for this year on the DAX tonight, we've gone through the March/August lows, FESX hasn't yet though, and obviously ES is no where near it.

 

[cynic]

New lows for this year on the DAX tonight, we've gone through the March/August lows, FESX hasn't yet though, and obviously ES is no where near it.

The glorious DAX!

Casually drops a little over 10% in just a mere few weeks.

Fortunately there is a limit to how far this can go!

Just another 8800 points to go before the DAX is unable to go lower!! (Wotcha gunna do then ey, DAX?!)

 

[ThingyMajiggy]

The glorious DAX!

Casually drops a little over 10% in just a mere few weeks.

Fortunately there is a limit to how far this can go!

Just another 8800 points to go before the DAX is unable to go lower!! (Wotcha gunna do then ey, DAX?!)

LOL. It's likely to do a complete turn around now that it's gone to yearly lows and head straight back to 10K, just to catch people out, that's it's favourite thing to do :shoot: :bananasmi

 

[cynic]

LOL. It's likely to do a complete turn around now that it's gone to yearly lows and head straight back to 10K, just to catch people out, that's it's favourite thing to do :shoot: :bananasmi

Yes!! It's played that trick several times this past year, however, if you know the DAX well, you'll have probably noticed that it's a lot more than just a one trick pony!

When everybody catches onto its current behaviour, its tendency is to then morph into an entirely different beast.

 

[MARKETWINNER]

What a week for global stocks market? We saw market drop and volatility not only in European market but also in the USA and Asia pacific region. The S & P 500 index fell 3.1 percent for the week. I believe there may be support at 1,900 for S & P 500.

http://www.reuters.com/article/2014/10/10/us-markets-stocks-idUSKCN0HZ0ZQ20141010

Chipmakers lead Wall St. selloff; S&P lowest since May

http://seekingalpha.com/news/2025285-investors-take-refuge-in-large-cap-consumer-staples

Investors take refuge in large cap consumer staples

Zack Industry Rank

Among consumer staples The Food – Meat Products industry is the best placed with a Zacks Industry Rank #14, which places it in the top 1/3rd of the 260+ industry groups. It is followed by Beverages with a Zacks Industry Rank of #88 and #43, respectively.

Iran is going to sell its oil to Asia in November at the biggest discount in almost six years, matching cuts by Saudi Arabia. So Iran has matched Saudi Arabia by cutting oil prices. Gold prices could fall further in the coming months. In the meantime corn and soya bean prices are plummeting due to expected bumper crop globally. The expected record corn and soybean harvest will be slightly bigger than previously estimated.

Among currencies both AUD and NZD are depreciating against USD and their bear journey will start sooner than later.

Overall there are still some opportunities in global markets and this is the time to rotate sectors. Overvalued currencies, commodities, sectors, stocks and markets should replace with undervalued currencies, commodities, sectors, stocks and markets now. Current selloff will create another opportunity as well. Asian Frontier markets are the places to watch in the coming months specially markets which are due for great uptrend. In sector wise Asian consumer staples sector will have growth more than other sectors in the coming years due to increased population in Asia. They will eat more protein such as meat and egg and will drink more coffee, tea and milk in the coming decade.

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. Please note that I do not endorse or take responsibility for material in the above hyper-linked sites.

 

[ThingyMajiggy]

What a great trend day on the DAX so far, looks to have finally found a pause at the moment but just been chugging away all evening, anyone been riding some of it? I've been jumping in and out, doing okay. Going to need to print this one off and add it to the trend days pile I think. Need to try and find a way to anticipate the type of day better, I don't feel very good in those areas yet, was one of the main things that great traders have all said, try and get an understanding of what kind of day we are going to have. Where to start?



Wonder if this will be the high of the week being set today, looking on the daily we are to new yearly lows, this might be the run back up to test, then down into the weekend. We'll see

 

[Trembling Hand]

HSI doing the WTF trade again?

 

[tech/a]

HSI doing the WTF trade again?

View attachment 59822

4 minutes of vertical with Volume.
With a massive exhaustion.
You'd have been all over it!
And its not over yet long.

 

[Trembling Hand]

4 minutes of vertical with Volume.
With a massive exhaustion.
You'd have been all over it!
And its not over yet long.

Actually it chopped me up a bit.

Smashed on shorts at or about A, B and C! Wasn't until I got one to stick at D and then again at E was I able to fix up my mess.



Not that unusual when out of nowhere it runs 300 points in 30 minutes.

 

[ThingyMajiggy]

Actually it chopped me up a bit.

Smashed on shorts at or about A, B and C! Wasn't until I got one to stick at D and then again at E was I able to fix up my mess.

View attachment 59825

Not that unusual when out of nowhere it runs 300 points in 30 minutes.

Interested TH, did you/can you or do you usually anticipate big moves or is it more of the reaction to it afterward like a fade, instead of seeing it coming? ie. were you expecting something like that to happen today? I kinda guess you're always expecting stuff like that with honkers.

 

[Trembling Hand]

Interested TH, did you/can you or do you usually anticipate big moves or is it more of the reaction to it afterward like a fade, instead of seeing it coming? ie. were you expecting something like that to happen today? I kinda guess you're always expecting stuff like that with honkers.

I was expecting a push up to flat or a bit past but because of yesterdays large move I couldn't find much in the way of push down into support to get long, outside the first minute of the day, which I missed. So my plan on the day was good but they just gave me nothin' to play with.

The drop back down just befor and after arvo on the other hand.......

 

[ThingyMajiggy]

I was expecting a push up to flat or a bit past but because of yesterdays large move I couldn't find much in the way of push down into support to get long, outside the first minute of the day, which I missed. So my plan on the day was good but they just gave me nothin' to play with.

The drop back down just befor and after arvo on the other hand.......

Ok cool, do you ever just jump in straight on open in that case like today in case you don't really get a chance otherwise, or is it too risky? I often find that on the DAX it will have a little run the opposite way(even if it's just a little spike up on one or two bars) before heading towards a gap close, or at least an attempt to.

 

[dlineinvestor]

Actually it chopped me up a bit.

Smashed on shorts at or about A, B and C! Wasn't until I got one to stick at D and then again at E was I able to fix up my mess.

View attachment 59825

Not that unusual when out of nowhere it runs 300 points in 30 minutes.

Seems the volume picked up right before the actual move up, was this some u saw or some thing you look for in anyway, try to understand why I'm asking. It's more of a "Is this the way you trade technique " Because if it was that would be a good method. Techa always mentions momentum ... volume in this case was the momentum indicator.
Amazing you held on to come out on top .. nice

 

[Trembling Hand]

Ok cool, do you ever just jump in straight on open in that case like today in case you don't really get a chance otherwise, or is it too risky? I often find that on the DAX it will have a little run the opposite way(even if it's just a little spike up on one or two bars) before heading towards a gap close, or at least an attempt to.

Yeah if something is setup just right from the start but I'm doing it less and less. Its really thin and was ok if you are only looking for a few contracts but .....

Also there is so much on offer during the day with these moves I don't want to force it and start the day 400 ticks down in the first 5 minutes just getting chopped to buggery on craziness...... Like I did a few times last week....

Hows this HSI going? Up 400 points then right back down. Too much fun!

 

[Trembling Hand]

Seems the volume picked up right before the actual move up, was this some u saw or some thing you look for in anyway, try to understand why I'm asking. It's more of a "Is this the way you trade technique " Because if it was that would be a good method. Techa always mentions momentum ... volume in this case was the momentum indicator.

Nah that is just the pic a little screwy. Volume came with the move.

..

Amazing you held on to come out on top .. nice

Oh no, I was hitting the liquidate button like it was a game of snap. :twak:

I just also re-entered each time until it stuck.

 

[dlineinvestor]

Nah that is just the pic a little screwy. Volume came with the move.
Oh no, I was hitting the liquidate button like it was a game of snap. :twak:
I just also re-entered each time until it stuck.

Good one ..
game of snap, funny I've spilt my coffee doing just that in those wtf moves

 

[Trembling Hand]

Speaking of good ones,

Beware…………………………….. it’s Correction Twitter!

http://thereformedbroker.com/2014/10/13/beware-its-correction-twitter/

10. Scary sh*t will be heavily retweeted. This is a guarantee – the scarier headlines will have the most RTs. Human beings have evolved, over the course of hundreds of thousands of years, through the natural selection of specific traits that aid in survival. One of those traits is alarmism. The Neoliths who saw something and said something when relaying risks back to the tribe were the ones who lived longed enough to pass on their genes. The ones who kept quiet about terrifying stuff like volcanoes and sexually aggressive wooly mammoths didn’t pass on their DNA at all, they were melted alive or mammoth-raped. When you think about it, what we are, as a species, is the distillation of the loudest screamers and most easily frightened people who ever lived. Of course we’re gonna retweet Zero Hedge and John Mauldin links!
Being aware that this is the social media environment you’re going to be in for now is half the battle. The other half is being able to contextualize it without falling into the rabbit hole entirely.

Perfect!!