International markets traders banter

[Trembling Hand]

Yeah the Dax is doing well in recovering that panic selling. There were no orders in sight when it dropped, just thin air...

CanOz

LOL I got short full size (first time ) at the top on the HSI @ the DAX open... Really really dark with myself, spewed it up too soon when we started to get all messy before that second big drop.

bring it, the squeeeeez

yeah it will come.

 

[CanOz]

See Honkers broke a new short selling record yesterday. Bound to see even more erratic moves.

I saw that on the Bloomy, they showed a pic of the exchange...i always chuckle when i see it because (I'm sure you must have been there) no one trades on the floor now. I asked them why there were only a few traders there, and the screens were so old? They said all the trading is done remotely of course, and that only people who wanted cheap seats were trading there and they we happy that they had a few traders on the exchange floor!

Nice area that, love honkers.

CanOz

 

[sinner]

Definitely not looking a gift horse in the mouth with that loverly squeeze into Tokyo open this morning. Take my profits and call it a week.


Yesterday was a shemozzle thanks to poor size control on my part, not from lack of opportunity.

 

[skc]

Definitely not looking a gift horse in the mouth with that loverly squeeze into Tokyo open this morning. Take my profits and call it a week.

View attachment 47209
Yesterday was a shemozzle thanks to poor size control on my part, not from lack of opportunity.

What's the scale?

 

[CanOz]

Honker is bonkers this morning, WTF???

Saw you post sinner and was thinking short squeeze....!

CanOz

 

[sinner]

What's the scale?

Adjusted for account, so each line is one R calculated from the start of the week volatility. In this case that's about R=0.2%, with a net profit about 1.3% of the account.

Just trying a few different styles out, usually I go with size+P/L columns rather than normal scatter so you can see the efficiency i.e. how much size was required to generate a particular run of wins/losses. Sometimes the chart function of Excel gets the better of me

Saw you post sinner and was thinking short squeeze....!

She came as quickly as she went, at least on the AUD...

 

[skc]

Adjusted for account, so each line is one R calculated from the start of the week volatility. In this case that's about R=0.2%, with a net profit about 1.3% of the account. .

Nice week. 3% week for me

 

[CanOz]

Woo hoo, bit of a squeeze on the DAX!:whip

 

[CanOz]

Well...the Dax turned bearish in a hurry again....

 

[sinner]

Lots of squeeze on the Monday open, but I did notice all the pairs still playing along with their sentiment nicely. AUD/JPY was good for shorts and GBP/USD good for longs.

I'm carefully selling highs for a few pts in my favourite Tokyo pair with a good run so far. Don't usually like Mondays but it was too tempting this morning to not hit something.

 

[Joules MM1]

simple rotations......nice day......

 

[Joules MM1]

got this itchy feeling a close above 18850 honkers is a good launch pad......anyone ?

i'm mostly long side today......and locals liked the low after the cash open

 

[Trembling Hand]

got this itchy feeling a close above 18850 honkers is a good launch pad......anyone ?

i'm mostly long side today......and locals liked the low after the cash open

I wouldn't be waiting till then. But its a funny day everything else is running, STW, Kospi, SPI, Shanghai, HHI, But Hang Send still an inside day!?

 

[Joules MM1]

I wouldn't be waiting till then. But its a funny day everything else is running, STW, Kospi, SPI, Shanghai, HHI, But Hang Send still an inside day!?

not keen to hang on overnight longs but every test so far today has lent to upward bias.....not manufactured i think......locals like what they see.....better than covering....so when the covering does come on honkers....be nice cheese

 

[Joules MM1]

nice slow take of the serious blag line of 23rd 8am line on honkers

 

[sinner]

9858 to 9868 in the AUD has become a serious fight over the last hour. Only a little bit of room to move about but enough to take a few when nobodies looking. She's running for it now, word on the wire is that sovs were offering bigtime yesterday and lots of buy stops above 9925.

 

[sinner]

First attempt to increase intraday trade frequency. AUDUSD, 3PM-7PM (Melbourne time):



Summary:
* A losing day. Worse, I was out of the money all day.
* Frequency is all that matters. Stop looking for outliers! Take what's on the table and wait for the next setup. All major losses were contributed by trades which while in profit at one point, I left them expecting a runner and then as they reversed held on expecting my previous gains. Control of these trades would have cleaned the <0 scatter considerably. Only one expected runner actually paid off as an outlier.
* Losers can be tightened considerably, if it doesn't go quickly, then just cut the trade as probability indicates an adverse movement will be a loser. i.e. tightening stops slightly should increase performance significantly. Winners don't hang around at your entry price.
* Stress is much worse than waiting for a high probability position trade. This is significantly amplified if you can't get in the money.
* Urge to fade both directions must be controlled: usually I don't mind trading counter-trend (especially as this happens a lot during Tokyo), but with mean reversion this can be a big issue. Performance was significantly higher on trades which were "in line" with my well quantified view of market sentiment, other trades could have been ignored safely but I took them anyway to my detriment.

I got better (at cutting losers and sizing on performance) as the day wound down but decided not to push it further and eat my loss.

 

[Trembling Hand]

First attempt to increase intraday trade frequency. AUDUSD, 3PM-7PM (Melbourne time):
* A losing day. Worse, I was out of the money all day.

Pretty tough day. One direction pretty much all day without a pull back.

I got absolutely smashed

 

[sinner]

Pretty tough day. One direction pretty much all day without a pull back.

I got absolutely smashed

So you must almost/actually be market making.

I would've thought optimal strat was to only fade breaks which go against the trend/sentiment/whatever? Or if you don't wanna give up frequency buy a straddle and scalp the f out of gamma to take the whole days variance? You could be the ultimate delta hedger...

Can understand if the strat is MM or something very close to it why you would trade no matter what but otherwise assume you'd be aiming to optimise for these days. Either that or you don't care 'cos a few days of chop will make up the difference and then some?

 

[Trembling Hand]

Just another day in paradise. Theories always good. Practise day in day out a little diff!