International markets traders banter

[CanOz]

CanOz you havn't got enough indicators on your chart. :

Yeah, its allot barer than it was 9 months ago! I've actually got the buy/sell volume on the chart but i only look at what happened at the highs or lows to see how strong the buying/or selling was...No oscillator now either.

I have the DOM, and the Reconstructed Tape on my other screen.

Simple stuff now...

CanOz

 

[avion]

I recommend BB Flashback. It's free, records multiple monitors setup and can record external sound, ie swearing, etc...

 

[Joules MM1]

No, i don't have the camcorder on my laptop at the moment.

when my camtasia suite went down with my other machine (we even tried the drive in a freezer to get the metal to expand...lol) i found this freebie....a tad clunky and no conversion.....easy as

http://www.thefreebiesblog.com/camtasia-studio-313-free/

 

[CanOz]

Thanks Avion, Joules...i have a free one now...just got to install again...

CanOz

 

[Timmy]

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

Nicely done Can

 

[CanOz]

Nicely done Can

Carrying on with my training on thick markets...again i am getting beaten like a red headed orphan:twak: on the FESX!!!:grenade:

 

[Trembling Hand]

Carrying on with my training on thick markets...again i am getting beaten like a red headed orphan:twak: on the FESX!!!:grenade:

I don't see why you would trade that short term. The tick size and therefore move to get over the spread is 0.045 % And then you have far less increments to adjust target & stop.

Where the tick size on the Z or DAX is 0.008 %. 5 nearly 6 times smaller. Pushing up hill short term trading that. IMO.

 

[CanOz]

Yeah, sort of feels that way too, but was interested in seeing how the thicker markets move...thanks for the visual too by the way....really needed that !!!

CanOz

 

[Joules MM1]

looks like the sell hooks are in on ftse and up weez go

 

[CanOz]

mmm, yeah your right...stick with the DAX...been a keen Daxer for 7 months...why change now...

CanOz

 

[Joules MM1]

mmm, yeah your right...stick with the DAX...been a keen Daxer for 7 months...why change now...

CanOz

yes, whichever you read best/quickest ......also, no lift in call options pit last night with puts getting smashed and globex is likely to print +tive with spx cdf's showing 5 point lead-up....so +tive liquidity most markets and no set-up for news annocs......suspect a meek affair into US mid-day......most likely all the upside is in pre-cash

 

[CanOz]

yes, whichever you read best/quickest ......also, no lift in call options pit last night with puts getting smashed and globex is likely to print +tive with spx cdf's showing 5 point lead-up....so +tive liquidity most markets and no set-up for news annocs......suspect a meek affair into US mid-day......most likely all the upside is in pre-cash

Seemed like lots of shorts getting burned on that last move...into the dinner drift now....

I should test it one day, sure we drift down on the dax every lunch time..

CanOz

 

[Joules MM1]

I should test it one day, sure we drift down on the dax every lunch time..

das ist nicht sehr edge.....tzu klein !

 

[CanOz]

das ist nicht sehr edge.....tzu klein !

LOL! i was short just then and bid thickened up and offer disappeared....UP!!!

CanOz

 

[Joules MM1]

LOL! i was short just then and bid thickened up and offer disappeared....UP!!!

CanOz

i think i know the name of that song...."death by a thousand short sold cuts".....you can dowload it from your local long-sides butcher

 

[CanOz]

hmmm, some nice moves on the Asians this morning!!

CanOz

 

[CanOz]

Bloody Kospi, mean revert or trend...make up your bloody mind!!!

CanOz

 

[sinner]

Bloody Kospi, mean revert or trend...make up your bloody mind!!!

CanOz

You need to break the action down, intraday trends sometimes and mean reverts on the rest. Some valid breakdowns are volatility per time (e.g. Monday 9-10AM is quite different from Thursdays 11-12PM), volatility per absolute momentum (e.g. low vals follow through, high vals mean revert), or volatility per volume (follow when auction is unbalanced zone, fade when auction is balanced zone). Of course you can combine them all but they tend to show high correlation anyway. For the record I use volatility per momentum as well as per time (love them opens), and tend to follow rather than fade intraday.

This is only an example, but if you read this
http://trading-naked.com/library/Chap3.pdf
there is a good 'thought experiment' on breaking an intraday strategy down by time (near the end) which could give you a good idea of what I mean.

Or take a look at the (daily) returns of 'follow through' strategies using this volatility per momentum, broken down per percentile
http://cssanalytics.wordpress.com/2010/06/29/trend-strength-index-tsi-results-summary/

 

[Joules MM1]

fitting dynamism into neat boxes .......that's a tough way to achieve the task......

 

[CanOz]

fitting dynamism into neat boxes .......that's a tough way to achieve the task......

I'll post my scatter gram at the end of the day, one the positive side I've managed to get my losses much smaller, one or two ticks now...

CanOz

EDIT: the HSI has put in a nice rising trend with some nice waves while the Kospi has just broken its AM range...