XAO Banter Thread

[clayton4115]

lol, i am enjoying reading this thread, but hope it doesnt turn ugly, we should refrain from picking on individual persons in this forum.

well no one is perfect and noone can pick market tops or bottoms,

im quite certain we should get a decent pullback to 4500 soon, ive gone short the SPI shorted at 4580, looking to exit at 4502.

$390 return on 1 SPI contract with a margin outlay of $250.

Not a bad return if it works out.

 

[Julia]

im quite certain we should get a decent pullback to 4500 soon,

Why are you so certain?

 

[nunthewiser]

mmmmmmmmm

bit of strength out there so far tonight

should be an intresting day tommorow with all them fresh vols busting to get back to work in the morning , especially coming off this pivot point on the xao ..... could be a nice lil bounce off it before armageddon raineth down

i could be wrong , been known to happen

what is your stopout point on them shorts clayton ?

 

[clayton4115]

nice 100 point rise on the DOW this morning, good opportunity to sell out my remaining long holdings!

 

[clayton4115]

my stops are at 4799 on the SPI.

 

[nomore4s]

im quite certain we should get a decent pullback to 4500 soon, ive gone short the SPI shorted at 4580, looking to exit at 4502.

$390 return on 1 SPI contract with a margin outlay of $250.

Not a bad return if it works out.

my stops are at 4799 on the SPI.

Here we go again.

So let me get this right.

You've entered at 4580 with a target of 4502 - 78 points reward.
But your stop is at 4799 - 297 points risk.
Plus you've got you holding costs.

And you think -

$390 return on 1 SPI contract with a margin outlay of $250.
Not a bad return if it works out.

I think it's a cr@p return if it works out.

 

[clayton4115]

my bad,

my stop is 4658 R/R 1:1

cheers.

 

[clayton4115]

nice healthy 1% rise on the market so far






NOT

 

[nunthewiser]

was there a point to that post ? if so i missed it ....please explain

 

[skyQuake]

Cause it came within 5pts of his stop then tanked 50pts~

 

[White_Knight]

I'm short 100 SPI contracts, stop 5000, target 3500.

Dare me to drive?

 

[skyQuake]

I'm short 100 SPI contracts, stop 5000, target 3500.

Dare me to drive?

Well that depends where you shorted, 3500 or 5000

 

[clayton4115]

was there a point to that post ? if so i missed it ....please explain

this is the banter thread isn't it?

 

[clayton4115]

I'm short 100 SPI contracts, stop 5000, target 3500.

Dare me to drive?

LOL go for it!

 

[Dark1975]

rba lifting interest rates?...hmmm bit to confident i think,could this be the catalyst?The xao has shed 20points in 3mins after the press releasement at 2.31pm

 

[Nyden]

rba lifting interest rates?...hmmm bit to confident i think,could this be the catalyst?The xao has shed 20points in 3mins after the press releasement at 2.31pm

I thought the general consensus was that rates were in fact going up, so perhaps that was a bit of an overreaction.

AUD shot up like a little rocket though, off topic - but parity, here we come?

 

[beerwm]

continue stimulus....but...increase rates?

working against each other arent they?

 

[Nyden]

continue stimulus....but...increase rates?

working against each other arent they?

Yes, and I believe that's the point. I'm extremely happy about this, as it means that the RBA is actually doing its job - independently of Krudd.

 

[nunthewiser]

AUD shot up like a little rocket though, off topic - but parity, here we come?

Might be time to buy that new customised Bobber harley straight from the good ole usa

 

[clayton4115]

interest rates are way to low anyways,

long term average is 5-6%