International markets traders banter
- Thread starter Trembling Hand
- Start date
Two new boring ( for share/indexes trader) bond ETFs IAF & IGB are trading on the ASX . Both of them are down as it was expected.
Timmy
white swans need love too
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The "Why I'm leaving Goldman Sachs" guy hasn't had much of a run on ASF. Pity, been some great work flowing from it. In the spirit of some banter ...
Why I'm leaving Goldman Sachs - Greg Smith
http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=2
Why I am leaving the Empire, by Darth Vader
http://www.thedailymash.co.uk/news/society/why-i-am-leaving-the-empire,-by-darth-vader-201203145007/
How to Quit a Job Without Publishing an Op-Ed - Josh Brown
The paragraph starting with "2." contains the money quote
(language warning)
http://www.thereformedbroker.com/2012/03/14/how-to-quit-a-job-without-publishing-an-op-ed/
Why I'm leaving Goldman Sachs - Greg Smith
http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=2
Why I am leaving the Empire, by Darth Vader
http://www.thedailymash.co.uk/news/society/why-i-am-leaving-the-empire,-by-darth-vader-201203145007/
How to Quit a Job Without Publishing an Op-Ed - Josh Brown
The paragraph starting with "2." contains the money quote
(language warning)http://www.thereformedbroker.com/2012/03/14/how-to-quit-a-job-without-publishing-an-op-ed/
skc
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Trembling Hand
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You should have been long bonds!
Never saw them dropping off a cliff like that! Luckily was all over the silver and gold shorts which were far larger contracts and so covered it, but still a painful experience.
Oh and tried to catch a falling knife on JGBs today, don't try it at home, doesn't end pretty!
Trembling Hand
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You should have been long bonds!
Didn't they break two nights ago?
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Cheers Sinner,
Considering Timmy's post above regarding the Goldman Sachs guy, it makes you wonder who's interests are being served by the Brokers and Hedgies holding shorts into this rally on the GBP/JPY
You'd say they had deep pockets to keep holding into the rise ..... but if they are using their clients money ............ no big deal
That being said though, there was a lot of money made on the short side on this pair not so long back.
A bit of a retrace going on tonight, but if the Banks are overweight on longs, they surely won't let this rollover for a few days yet ... then again, I thought the Aussie dollar was going to go up last night
....... always a day early !! ..... if only I was born a day later, I would be a wealthy manAttachments
Cheers Sinner,
Considering Timmy's post above regarding the Goldman Sachs guy, it makes you wonder who's interests are being served by the Brokers and Hedgies holding shorts into this rally on the GBP/JPY
You'd say they had deep pockets to keep holding into the rise ..... but if they are using their clients money ............ no big deal
It's not like hedge funds and brokers are stealing their clients money to make the trade. It's more like the difference between weak hands and strong hands.
Liquidity providers are just 'doing their job' taking the other side of a trade and running a book. They aren't under capitalised, or over leveraged. Liquidity consumers are trading for speculation, usually on leverage. As an aggregate, they tend more often to be wrong than right in that speculation, often spectacularly so. Because rather than deep pockets they have margin, usually when wrong they will be forced to exit at an unfavorable price.
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Well described .......... the Bold bits I am unfortunately too familiar with
..... improving though
Timmy
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Frikkin' internets.
Drop-out city at my place tonight.
Actually, not frikkin' internets, frikkin' phone line.
Gonna be an early night
Drop-out city at my place tonight.
Actually, not frikkin' internets, frikkin' phone line.
Gonna be an early night
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Yep, this is on a daily strat, not intraday and unfortunately the daily strat used the initial break to pick up more longs! EEEEK.
At least there is a bit more movement in markets now and not just binary accross the board moves.
Trembling Hand
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Ha! Must be something in the air in melb.Frikkin' internets.
Drop-out city at my place tonight.
Actually, not frikkin' internets, frikkin' phone line.
Gonna be an early night
Woke up to a fried computer this morn.
:shoot:
c:No trading today just a day to let the inner geek out with a screwdriver, put together manual & visa card.
Ha! Must be something in the air in melb.
Woke up to a fried computer this morn.
:shoot:
No trading today just a day to let the inner geek out with a screwdriver, put together manual & visa card.
My computers are all fine!
:I don't trade intraday on Fridays anyway. Geekery is my business, let me know if you need any help.
Timmy
white swans need love too
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Ha! Must be something in the air in melb.
Woke up to a fried computer this morn.
:shoot:
No trading today just a day to let the inner geek out with a screwdriver, put together manual & visa card.
I think I found the problem in my line. Funny knot. I replaced the string. If that doesn't work I might have to get a new tin can on one end, or even both.
Drop outs have halted. Still
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What time does Shanghai open?
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15 mins ago (12:30pm AEST). Hang Seng futures also open at 12:15pm.
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Well apart from the significant inflationary impacts from the provision of liquidity via the various QE programmes, bailouts etc. several of the pre GFC DOW components have since been substituted by better performers. In effect the USD has been devalued in real terms and in real terms the DOW is still a fair way down from its' pre GFC high. Whilst the DOW does still remain an index of 30 companies - they are not the same 30 companies!
Whilst I understand that the western financial world is in love with the mighty DOW, I am somewhat mystified as to the reason why anyone would consider this index as a reasonable measure of economic performance - especially given the creativity with which it is modified, thereby maintaining its skyward bias. Having said all this, I do of course still avail myself of it's usefulness in predicting short/medium term trends/sentiment of the market "herd". For an active trader to totally ignore the "herd's" faith in this indicator, no matter how misplaced, could be reasonably considered as hazardous to one's wealth.
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Ha! Must be something in the air in melb.
Woke up to a fried computer this morn.
:shoot:
No trading today just a day to let the inner geek out with a screwdriver, put together manual & visa card.
Sorry to hear about your logistical mishap T/H.
Given your well earned reputation as a successful trader, I was a little surprised that you didn't have more comprehensive contingencies in place for technological mishaps (which whilst regrettable can be reasonably expected to occur to anyone whom relies on such technology on a continual basis).
Whilst I am sure that your IT workspace is far more elaborate than my own, I would have thought that having replacement equipment prepped and on standby would have been a must for any day trader. Surely the proceeds of the one good day's trading that one could potentially miss out on (in the event of technological failure) would go a long way towards compensating for the cost of the duplicate computer equipment required, would it not?
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