International markets traders banter

[Trembling Hand]

What I do find is that gap fills aren't that profitable. I need to do more work here but you can't just sell the open when we gap up and profit, there's more to it than that

Cannot remember actually doing the work/stats/backtests but large gaps obviously are where the R:R is and from memory of something I cannot remember testing large down gaps in equity indexes are better R:R and win rate ideas. For fundamental reasons too.

 

[fiftyeight]

AHHH this is why this **** is so difficult at home alone haha.

Once I finally did have time, I wanted to replicate KH study on the NK. I was expecting even more gaps and less mid day range.

Spent way too much of today trying to get RTH hours into a spreadsheet rather than Daily Bars out of Sierra Charts. It will be something simple I know, but another day.................

 

[Trembling Hand]

Spent way too much of today trying to get RTH hours into a spreadsheet rather than Daily Bars out of Sierra Charts. It will be something simple I know, but another day.................

Like ask the Python programming Oracle.

 

[fiftyeight]

That is my new ZEN emoji!!!!!! Something else that is proving elusive, actually much harder to achieve than expected???

I knew ASF would come through with the goods and if it was re data probs TH. Trying to be self sufficient is time consuming and annoying haha

Family is in town for a wedding, I am hungover as 33 year old who thinks he can keep up with a 20 year old cousins but I will look at the data. Cheers TH

 

[CanOz]

The US has attacked Syria....GC and CL going nutz....

 

[CanOz]

That low in the dax just then, is not insignificant. Don't be short now....

 

[Quant]

Whilst the media is France centric atm i think the Trump tax / reform overhaul to be ann next week is way way more important market wise . IF trump does enable US companies to repatriate profits held overseas at heavily reduced tax rate what will this do to markets and currency markets ? A way more pertinent question than any election result in france by a huge amount imo .

" The US president has promised that he will get America’s biggest companies to bring their vast offshore cash piles back to US soil by offering a one-off tax holiday. The plan is to tax repatriated money at 10% rather than at the statutory rate of 35%." now if this occurs what will a rush of 1.6 trillion $ back to the US do to currency markets and secondly Equity markets with the inevitable accelerated share buy back schemes that would inevitably come with such a rush of funds . What currencies would these repatriated funds be coming from ?

Anyway food for thought & potential opportunity imo , interested in any informed thoughts .

http://www.reuters.com/article/us-usa-tax-trump-idUSKBN17O0KY

http://www.cnbc.com/2017/04/21/trump-says-he-will-release-tax-reform-package-next-week.html

https://www.theguardian.com/business/2017/apr/12/trump-tax-holiday-us-companies-apple-oxfam-tax

 

[CanOz]

The Frexit is just one trade Quant.

There's also the gov'mnt shutdown looming, could be interesting. Its all news...

 

[MARKETWINNER]

Can the snap general election be a “game-changer” for both the UK's Brexit negotiations and sterling? I think so. The pound surged to a six-month high last week after announcement of a general election on June 8th.

 

[Quant]

The Frexit is just one trade Quant.

There's also the gov'mnt shutdown looming, could be interesting. Its all news...

Yeah good point re govt debt ceiling


Absolutely , anything that gives extra volatility is a good thing .

 

[Trembling Hand]

now if this occurs what will a rush of 1.6 trillion $ back to the US do to currency markets

Isn't that just 20% of the daily turnover?

 

[Quant]

Isn't that just 20% of the daily turnover?

Not sure about 20% but thats equal to about one days overall spot volume , but given most of its churn a huge amount in 1 direction should move markets but i suppose a lot depends on what currency these ofshore profits are held in , may well be already USD and be a simple bank transfer with no effect on FX swaps .

 

[Quant]

SPX looking to gap up 30 which in itself is a rare event , not exactly a raft of previous similar events to gauge a probability . Last 2 gap up opens >15 finished with days of positive 46 and 32 finishes respectively . I think i might have the night of or maybe just trade the last 2 hours of US session . Crowded trade has been massacred today , i was pretty lucky to get away with a couple trades today , not pushing my luck any more today

 

[kid hustlr]

Yeah if any body made money today good luck to them FTSe has just been brutal since the vote announement last tuesday

 

[kid hustlr]

Yeah if any body made money today good luck to them FTSe has just been brutal since the vote announement last tuesday

By the way the FOMC hike on the DXY chart is really good

 

[MARKETWINNER]

http://www.telegraph.co.uk/investing/funds/top-fund-manager-pound-rises-will-brexit-basket-stocks/

 

[Quant]

Trump always in the headlines and seems the reason for this Globex SPX smashing , this actually might have legs and not be such " fake " news , been a great morning for me on this ... SPX , XJO getting sold and the shiny stuff on a tear

Trump Should Worry: Comey Memo


https://www.bloomberg.com/view/arti...-organic&utm_source=twitter&utm_medium=social

 

[CanOz]

Yeah wish I'd been home...makes me wonder if Trump is trying to get impeached!

 

[kid hustlr]

Probably just the excuse the S&P needs to rally to be honest

 

[SuperGlue]

Just notice that Dow Futures is down more than 100 points.
Is this normal?

US an d EU market closed.