International markets traders banter

[avion]

TH, can you give us your view what this battle is about... Markets have been in this weak bull, narrow range for more than a week, as if the big boys are waiting for something, just sitting there on the fence waiting and contemplating which way to jump. Do you think it's still the Europe? Supposed anticipated monetary easing which nobody is sure yet it's coming and if it does is it going to make any differrence... Or something else...

 

[CanOz]

TH, can you give us your view what this battle is about... Markets have been in this weak bull, narrow range for more than a week, as if the big boys are waiting for something, just sitting there on the fence waiting and contemplating which way to jump. Do you think it's still the Europe? Supposed anticipated monetary easing which nobody is sure yet it's coming and if it does is it going to make any differrence... Or something else...

Yeah, I've been wondering this too, its like the Asian markets want to sell off and price in the worst here while there is a bullish element leftover from the US.

Actually right now, the US markets are driving the global markets, without the US the global index would be down.

CanOz

 

[CanOz]

The value area at 20092 seems like it wants to drop again...

I had planned on trading my live account today, but i just can't get a feel for who is in control...one minute it the buyers hit the book and you think its a good time to enter a long at this level, then the sellers slam it back into submission, there seems to be no desire to trade back to value. The DPOC keeps shifting. Time to stand aside and stay on the sim...

CanOz

 

[Trembling Hand]

TH, can you give us your view what this battle is about... Markets have been in this weak bull, narrow range for more than a week, as if the big boys are waiting for something.

Volume on the HSI has been good for a non roll period. Some 15 min bars have had huge range. They are not standing around waiting for anything. They never are. They are just not pushing in the same direction.

 

[CanOz]

LOL @ the HSI... guess someone got sick of hanging around 20090!

 

[avion]

Banging heads period then... :twak: :burn:

 

[CanOz]

I'm setup for the MHI now, so i may try it later...Trade the mini for a while

 

[Trembling Hand]

I'm setup for the MHI now, so i may try it later...Trade the mini for a while

Good idea. You can trade two contracts and play properly while getting confidence in your method.

 

[avion]

Nothing like placing real cash on the line Can. I am still fighting emotions deamons... :bigun2:
Best of luck with it. MHI is a good idea.

 

[CanOz]

Nothing like placing real cash on the line Can. I am still fighting emotions deamons... :bigun2:
Best of luck with it. MHI is a good idea.

So true...when i come back at this fulltime i intend on stashing away enough capital so 1 bad day on the HSI doesn't destroy my spirit...i figure .5m should do!

CanOz

 

[CanOz]

Anyone feel like 20000 after lunch?

 

[CanOz]

This is intense selling pressure...very difficult to fade this...

 

[CanOz]

Well igot beaten up a little on that downdraft around 20k but i made a bunch back on the bounce. I'm down 2000 HKD for the day, 1100 goes to the broker...

The part I'm happiest about is that i got back into it again and made some back. Just focus on the trades and not the P&L...

CanOz

 

[avion]

This is what the fear looks like... (the trade is live on dax, 1 car, sorry for the bad pic...)

 

[CanOz]

1 car = 1 contract??

So you were long and got stopped out?

 

[Trembling Hand]

So you were long and got stopped out?

I'd imagine.

 

[CanOz]

I reckon the DAX might tag 7100...

 

[avion]

I meant 1 contract.

Nope, i closed. Yes i do move stops but not straight away... Just chicken, that's all.

 

[Trembling Hand]

Howz this for a day!! First 5 contracts I was up 150 ticks next 158 contracts I've lost 114. LOL I'm a gun!!

 

[avion]

Nah mate, i am a bigger gun, here is another one...