CanOz
Home runs feel good, but base hits pay bills!
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Waiting for the prime traders to show up....
corn:
corn:
International markets traders banter
- Thread starter Trembling Hand
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Anyone know much about month-end trades? Today being the last day of the month I remember hearing something about they push it higher to balance the books or something, but wasn't sure if that was just bonds etc.
CanOz
Home runs feel good, but base hits pay bills!
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Well there as always the 'month end window dressing' that was supposed to happen. This is something else we can get some data on...
From Larry Williams: from about 18th TRADING day (not calendar) of the month, bonds tend to rally into month end. Not sure if the idea came from him but that's where I heard it from.
Not sure if there's anything specific for being last day of month for day trading purposes, but Mondays are generally bullish if bonds are in uptrend.
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MSCI rebalances at close today. Lots of flows and adds/dels
Wysiwyg
Everyone wants money
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Second highest daily volume for the All Ords today for the calendar year. Don't know what that means.
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Trading by candlelight again!!
Hopefully the power company will be able to improve on the 16 and a bit hours they took to fix the last outage!
Hopefully the power company will be able to improve on the 16 and a bit hours they took to fix the last outage!
Modest
It's in the chart
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The words "China slowdown" and "end of the mining boom" seem to be sinking into the financial media's consciousness quite deeply. I can't see anything good to buy. It might just be me, that part is always hard to work out.
Gold stocks maybe.
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Lights back on in less than an hour!! I'm both relieved and impressed! Anyhow, back to trading the daemonic bourse.
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Should be tax deductible?
Certainly would be, but first a taxable income to deduct against would need to be generated!
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CanOz
Home runs feel good, but base hits pay bills!
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Not sure how much the market will be moving today before the announcement, but I'm not anticipating allot.
This should be the day that MArio announces more stimulus for the EU. Likely bonds are going to go off later...anyway I'll wait and keep the powder dry for the fireworks latercorn:
This should be the day that MArio announces more stimulus for the EU. Likely bonds are going to go off later...anyway I'll wait and keep the powder dry for the fireworks later
corn:Attachments
CanOz
Home runs feel good, but base hits pay bills!
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Stellar opening drive and NT is freezing up like a woman after the 5th kid....c:
c:
CanOz
Home runs feel good, but base hits pay bills!
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Stellar opening drive and NT is freezing up like a woman after the 5th kid....
Crappo, this is woeful, another re-start....must be the connectivity tonight.:frown:
CanOz
Home runs feel good, but base hits pay bills!
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I've never seen an announcement play so much havoc with the markets, ever....
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indeed what a kick in the antnest, oil surging up, wall street serious fall, will be interesting on the xao....
CanOz
Home runs feel good, but base hits pay bills!
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The ECB has stuffed up again. Clearly not only have they under delivered but they showed no clue on managing expectations. That's one thing i'll give the Fed, they've learned how to manage expectations so that the markets can gradually price them in. The ECB has not got a clue on this. This view is also shared by Blanchflower...
Did the ECB Get Cold Feet?
Now, the other thing that had me going last night was that the market were clearly reacting to this well before the rate announcement and the following the press conference.
I couldn't get short if i wanted to as the data just wasn't coming in fast enough for me to execute anything. If i had the experience again i would have been better prepared for this, with all my platforms open. I only had NT open. There were numerous places to get short on the sell off, i'm sure if i were better prepared i could have got in with either a CFD or a single Dax contract. This was the most volatile event that i have ever witnessed in the book, bar none.
The good news for intra-day punters is this should give us a higher level of volatility in the weeks leading up to Christmas, especially with lower liquidity.
Anyway, more fireworks tonight with a huge job number out. If its a good number, the DX should move into short covering mode, taking a bunch of stuff with it. I don't think the ES has a fully priced in rate rise, so it could get hit harder. Technical patterns are looking pretty bearish but we should get a retest of all the wedge breaks.
So I'm expecting a short covering rally then perhaps Mario could be looking like the Grinch that stole Christmas!:shoot::chimney:
Did the ECB Get Cold Feet?
Now, the other thing that had me going last night was that the market were clearly reacting to this well before the rate announcement and the following the press conference.
I couldn't get short if i wanted to as the data just wasn't coming in fast enough for me to execute anything. If i had the experience again i would have been better prepared for this, with all my platforms open. I only had NT open. There were numerous places to get short on the sell off, i'm sure if i were better prepared i could have got in with either a CFD or a single Dax contract. This was the most volatile event that i have ever witnessed in the book, bar none.
The good news for intra-day punters is this should give us a higher level of volatility in the weeks leading up to Christmas, especially with lower liquidity.
Anyway, more fireworks tonight with a huge job number out. If its a good number, the DX should move into short covering mode, taking a bunch of stuff with it. I don't think the ES has a fully priced in rate rise, so it could get hit harder. Technical patterns are looking pretty bearish but we should get a retest of all the wedge breaks.
So I'm expecting a short covering rally then perhaps Mario could be looking like the Grinch that stole Christmas!:shoot::chimney:
CanOz
Home runs feel good, but base hits pay bills!
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Yup, that's it, thanks mate. I was scouring the news trying to find out what the heck was going on. This kind of thing happens far too often, without consequence.
I can get indicted for throwing a 250 lot on the CL offer, yet if i make a mistake and tweet something like this i don't even get fired!:frown: Total BS.
skc
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I've never seen an announcement play so much havoc with the markets, ever....
Wait till we see Yellen announces a rate rise... :couch
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