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Boy-O! Kospi new lows, China new lows, SPI two ticks off, Taiwan new low. Ugly old day.

What gives with the Nikkei? Going up since open :confused:
 
Trembling Hand said:
What gives with the Nikkei? Going up since open :confused:
Click to expand...

BoJ Ishida:
http://www.forexlive.com/blog/2012/...ns-economy-has-started-to-pick-up-moderately/
BOJ will continue to ease in order to achieve 1% inflation
Overseas growth weaker but domestic side somewhat stronger since April forecast
Economy likely to move in line with BOJ forecast unless Europe crippled
Damage to Japan would be huge if US/Europe destabilized
Click to expand...

JPY weakened on the news, good short term support for exporters. Oil prices which have been high even in JPY are now back near the lower end of the 3Y range, probably providing a little relief.
 
Great day for DOM practice! After weeks of practice I'm starting to see the order pulling/stacking and icebergs much easier now. Still a long ways off being able to trade this effectively but the HSI no longer looks like stupid mess.

CanOz
 
Spanish Bond sale results due in soon...as if the DAX needs anything to perk it up!!!:cautious: This is the most active day i've seen in a while...:xyxthumbs

CanOz
 
I haven't got the details yet but the bond auction went well, selling more debt than planned and the yield has come down to 6.2% ish...

CanOz
 
Here are the auction results....

Spain Bond Auction Results (24.27)
Sells EUR700 mln 3.40% Apr 2014 bonds; avg yield 4.706% vs 2.069% prior; BTC 3.97X vs 2.81X prior
Sells EUR918 mln 4.00% Jul 2015 bonds; avg yield 5.547% vs 4.876% prior; BTC 3.18X vs 3.01X prior
Sells EUR602 mln 5.50% Jul 2017 bonds; avg yield 6.072% vs 4.960% prior; BTC 3.44X vs 3.14X prior

Read more: http://www.briefing.com/GeneralCont...Briefing.aspx?CustomPageId=3734#ixzz1yPtVR98I
Click to expand...

Talking to myself here it seems...:eek:

CanOz
 
CanOz said:
Here are the auction results....



Talking to myself here it seems...:eek:

CanOz
Click to expand...

Take it as a compliment, CanOz. We're listening to the guru here, so no need for response. And unlike some of the argumentative, provocative types on the other threads, no need to give lip back either...

I just need to know from you when to break the piggy bank and buy all the put options because the market's going to tank 30% or more...
 
StumpyPhantom said:
Take it as a compliment, CanOz. We're listening to the guru here, so no need for response. And unlike some of the argumentative, provocative types on the other threads, no need to give lip back either...

I just need to know from you when to break the piggy bank and buy all the put options because the market's going to tank 30% or more...
Click to expand...

LOL, i wish i knew...you'd reckon there would be another leg down, but don't get too bearish...lots of free money going around...

CanOz
PS...TH is the GURU...at least on the DOM:xyxthumbs
 
I'm now focusing on the Kospi as its so much thicker and easier to read than the HSI. Positions take longer to build and then tend to pop, like the ES.

CanOz
 
Joules MM1 said:
any particular phase of play, Can ?
Click to expand...

I was looking for the little rally to continue and thought there was a position being built around 246.25-30. This didn't hold so i exited and got short immediately.....the next area of consolidation confirmed the short and i held on as the buying was absorbed by 4 or five big bergs...I took profit when a big berg appeared at the measured move on the bid.

CanOz
 

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CanOz said:
I was looking for the little rally to continue and though there was a position being built around 246.25-30. This didn't hold so i exited and got short immediately.....the next area of consolidation confirmed the short and i held on as the buying was absorbed by 4 or five big bergs...I took profit when a big berg appeared at the measured move on the bid.

CanOz
Click to expand...

nice read

......you ever film your ideas ?
 
Joules MM1 said:
nice read

......you ever film your ideas ?
Click to expand...


No, i don't have the camcorder on my laptop at the moment. Once i get my new trading PC i will have the room to do it. Its a great idea though and i see many doing it.

It was only this week when the :dimbulb: went on finally. I could start seeing the auction process properly. I'm only using the chart for ideas now.

CanOz
 

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