International markets traders banter

[Timmy]

Wondering now if the Greek thing will be a non event.

But ... just in case ... this a few hours ago from Reuters:

Exclusive: Central banks ready to combat Greek market storm
(Reuters) - Central banks from major economies stand ready to take steps to stabilize financial markets by providing liquidity and preventing a credit squeeze if the outcome of Greek elections on Sunday causes tumultuous trading, G20 officials told Reuters.

A senior U.S. official cautioned that the Greek election will not provide "the definitive signal on what happens next" in the euro zone debt crisis.

But if severe market strains emerge after an unusual confluence of three elections this weekend - there are important polls in Egypt and France as well - central bankers are on standby to ensure enough cash is flowing through the financial system.

http://www.reuters.com/article/2012/06/14/us-eurozone-centralbanks-idUSBRE85D1FW20120614

 

[Timmy]

ps. More events coming up, including:

G20 summit of world leaders, who will gather in Los Cabos, Mexico, on Monday and Tuesday,

http://www.reuters.com/article/2012/06/14/us-eurozone-centralbanks-idUSBRE85D1FW20120614

And FOMC June 19 & 20

 

[Trembling Hand]

Funny games going on the Seng open. Either we are in for a big Squeeze today or the Boyz are opening it up before the smack down. Tending to thing we are in for a squeeze.

 

[Timmy]

Tending to thing we are in for a squeeze.

ES certainly squeezing ATM, nice call TH

 

[Trembling Hand]

ES certainly squeezing ATM, nice call TH

Forget the ES have a look at the Hang Seng!! F me!

 

[Timmy]

Forget the ES have a look at the Hang Seng!! F me!

Dude, every time I look at the Hang Seng I end up hiding under the desk.
I'll leave it to you Ninjas.

 

[Trembling Hand]

Dude, every time I look at the Hang Seng I end up hiding under the desk.
I'll leave it to you Ninjas.

Could be an arvo of Ninja massacre too. The HSI has gone straight up since open, closing for lunch 1.6 % up. If Euro land open doesn't play out in its favour...... :hammer:

Then again if it does get going this thing will squeeze to the moon.

Stay tuned!

 

[Joules MM1]

Could be an arvo of Ninja massacre too. The HSI has gone straight up since open, closing for lunch 1.6 % up. If Euro land open doesn't play out in its favour...... :hammer:

Then again if it does get going this thing will squeeze to the moon.

Stay tuned!

to slow squeez or not.....slow is going to get a better result, allows weaks to add to what they think is a higher sell opportunity.....then once that instant reactive crowd are seated in the cheap seats......whooshka......it's a big play

(insert icon of nasty person with a time bomb)

 

[Punta]

Could be an arvo of Ninja massacre too. The HSI has gone straight up since open, closing for lunch 1.6 % up. If Euro land open doesn't play out in its favour...... :hammer:

Then again if it does get going this thing will squeeze to the moon.

Stay tuned!

Yeah, on a bit of a wild ride this arvo isn't it? I would have faded that jump at 11.45, but my system doesn't enter that near the close...

TH, curious to get your insight into stops on HSI. I'm currently getting filled 5-10 ticks the wrong side of my stops. Is this normal, or are my stops being triggered when there is a lot of momentum in the market??

I'm thinking of changing my stops to stop-limits, the limit within 5 ticks of the stop, and then maybe add a second stop somewhere beyond that, just in case the market goes flying past my stop-limit.

 

[Trembling Hand]

TH, curious to get your insight into stops on HSI. I'm currently getting filled 5-10 ticks the wrong side of my stops. Is this normal, or are my stops being triggered when there is a lot of momentum in the market??

I'm thinking of changing my stops to stop-limits, the limit within 5 ticks of the stop, and then maybe add a second stop somewhere beyond that, just in case the market goes flying past my stop-limit.

Nah that doesn't seem right. What is your broker? there has been a few sweeps last few days but you would be unlucky to be involved in all of them.

But then again I don't have any stop orders so.......

 

[Punta]

Nah that doesn't seem right. What is your broker? there has been a few sweeps last few days but you would be unlucky to be involved in all of them.

But then again I don't have any stop orders so.......

Okay, good to know. It was going to be hard to make money if every time my system loses, it gets hammered for an extra half dozen ticks.

I'm with IB. It's a new trading system for me, so still getting the feel of the HSI. Trying to work out whether I'm better off going with market orders for entries and stops, or whether I would be best off having a live BID/OFFER feed, and put in limit orders at the appropriate BID/OFFER when the system triggers.

Shouldn't make much difference, but the 5+ tick slide on stops was freaking me out...

 

[Punta]

Oop, I was short this current mini-rally. Just got stopped out, and actually gained one tick slippage. Okay, happy trader.

Back in short again now.

 

[Punta]

The massive slippage I was getting was paper trading (I sometimes bounce between the two, so loose track).

Real dollars seem to be a lot less slippery, which makes me happy...

 

[Trembling Hand]

Oop, I was short this current mini-rally. Just got stopped out, and actually gained one tick slippage. Okay, happy trader.

Back in short again now.

LOL I hope that was on the sim account?

 

[Punta]

LOL I hope that was on the sim account?

Nah mate, that was for real moolah. Made cash though - system exited with 30 pt profit at 19065, just before prices jumped up again.

Luckily that the latest price spike was after my cutoff time, otherwise I'd have been short this rally too...

 

[Trembling Hand]

Could be an arvo of Ninja massacre too. The HSI has gone straight up since open, closing for lunch 1.6 % up. If Euro land open doesn't play out in its favour...... :hammer:

Then again if it does get going this thing will squeeze to the moon.

Stay tuned!

Well I think we landed on the moon!

 

[Trembling Hand]

Fade-arama today you would think?

 

[sinner]

Fade-arama today you would think?

I took a small fade just then on the Aussie after seeing how poorly she reacted to breaking intraday 1.0125...not really game to sit around and see what happens so took my few pips and ran.

Looks like liquidity sentiment is starting to turn around, retail is trying to catch tops and the banks are moving in longs.

 

[Trembling Hand]

Looks like liquidity sentiment is starting to turn around, retail is trying to catch tops and the banks are moving in longs.

Highs are in. Euro looking particularly disappointing for the longs.

Bring on next problem du Jour.... Spain, Italy [insert 10 other things].

 

[sinner]

Highs are in. Euro looking particularly disappointing for the longs.

Bring on next problem du Jour.... Spain, Italy [insert 10 other things].

For the session? Day? Week? Seems I picked the intraday highs on that short, but as said I only took a few. Would be more comfortable longs here, trying to catch a few and let the rest run.

Personally, I don't think EURUSD is the correct instrument to trade bearish Eurozone and as a result, never do that anymore (since 2010). EuroStoxx 50 is a much better candidate IMHO.