International markets traders banter

[CanOz]

Nah in a market that moves like this where futs stops are going off like nutz they will get way out of wack in a thin market like HSI.

If there were more bots, couldn't they keep up with this?

 

[boofis]

uneventful open on the seng.

 

[boofis]

Momentus occasion on the treasuries, I just witnessed the single biggest order I've seen of 5090 contracts which hit the bid milliseconds after I got a fill phew!

 

[cynic]

Bit of a bizzare night! I've been yo yoing in and out (of profit for 2013) all session long! Still, I've seen bigger swings in my time so I'm not complaining.

 

[McLovin]

"20,000 and 80,000 contracts were filled due to this system glitch"

Thankfully my recent "glitches" are not 80,000 contracts! LOL what a f up.

The guy who owns the firm concerned was on a plane at the time. I guess ignorance is bliss, until you land at least.

 

[Trembling Hand]

The guy who owns the firm concerned was on a plane at the time. I guess ignorance is bliss, until you land at least.

Its gone against him ever since too. Ouch!!

 

[Trembling Hand]

If there were more bots, couldn't they keep up with this?

Here is another example. Wasn't a nasty run but the Index was 15 points behind for 10 min on the down move and then the same on the bounce.



Index in Blue futs gold.

 

[Trembling Hand]

Aint honkers funny. 15 minutes to put on 250 points then the next day and a half to grind back. Luv it...

 

[CanOz]

I'm guessing you've been short since the open...

 

[Trembling Hand]

I'm guessing you've been short since the open...

As usual CanOz I've managed to pick the right game to play on the day but haven't hung in there all the way. Including hitting out short in the very first few seconds........ covered 3 minutes later.......

 

[CanOz]

As usual CanOz I've managed to pick the right game to play on the day but haven't hung in there all the way. Including hitting out short in the very first few seconds........ covered 3 minutes later.......

I'm starting to see some things on the open now, but its still quite erratic...

The GAP fills are most reliable signal I've found by far on the DAX and HSI, one today on the HSI and one on the DAX yesterday, good for a few points if not a trend change. Do you trade the gap fills often?

There is sometimes some size on the book where the prior close was and if it gets hit and not pulled then the market can reverse...Probably your 100 lot too i suppose...

CanOz

 

[Trembling Hand]

Nah I haven't the concentration to hang on all day for a gap fill. That's long term investing......

 

[cynic]

God bless the DAX gap fills!
They've rescued my grail from the brink of extinction.
It's now all but fully recovered from the impact of the New Year's DAX gap!

 

[notting]

They've rescued my grail from the brink of extinction.

Glad to hear u survived.
Take it easy!

 

[cynic]

Glad to hear u survived.
Take it easy!

Thanks for your good wishes notting.

 

[boofis]

When trading a market in a foreign currency and you get a little bonus because of the exchange rate coming back to AUD, does this have tax implications I should be keeping track of?
Ignorance is bliss

 

[CanOz]

1. When trading a market in a foreign currency and you get a little bonus 2. because of the exchange rate coming back to AUD, does this have tax implications I should be keeping track of?
Ignorance is bliss

1.) Not always. When trading US stocks long only the DX tends to correlate opposite to the equity markets, whereas the AUD tends to correlate, so once you take you profits they are repatriated at an FX loss.

2.) I'm almost positive that if its capital gain they'll be interested.....move to Thailand.

CanOz

 

[Trembling Hand]

When trading a market in a foreign currency and you get a little bonus because of the exchange rate coming back to AUD, does this have tax implications I should be keeping track of?
Ignorance is bliss

The FX P&L goes to your overall trading P&L which is what the Tax man wants to know, and tax.

 

[boofis]

The FX P&L goes to your overall trading P&L which is what the Tax man wants to know, and tax.

Thanks mate.

 

[boofis]

Some fairly serious buying on that up move on the Seng. Retests incoming?