Search results

Yeah so I guess those of us who had been postioned for it, traded it, or had previously indicated it as a strong possibility before it even happened are all hindsight analysts because we reflect on the move? Dumb.

At the risk of getting all chartist and looking too far out, I could see this happening: Purely based on the fact that I see these DT/DB patterns on a fairly common basis. I actually was going off the assumption that we'd atleast hit that 38.2% fib before figuring out what would happen next...

I'd absolutely never take a job on Wall Street or in investment banking - mainly because I abhor the whole industry and vibe honestly. It's entirely obsessed with money to the exclusion of everything else - and that's a sick road to go down. I'd much rather trade for myself and then go do...

If I were Nav I'd definitely be more afraid of the railroading coming from the US side of things than the UK tax concerns. I think if they go nuts and give him 10-20 years for this whole spoofing ordeal then that's out of line and a waste. Why not make him pay a penalty and walk like the...

Imo one shouldn't move to break even until the trade clears and holds the next level above or below your entry. If the trade is valid there's little reason (aside from news/other lameness) that price is going to rip back through multiple levels and take you out. Of course the levels you care...

Yep. If you listen/watch CNBC (I don't) you basically have to treat it as a levelling game where you judge both the veracity of the given speaker/host combined with the most likely reactions of their typical audience - knowing that the market always likes to punish the majority. The main...

There's only a few traders I trust on ST. The vast majority of it is dumb money and should be interpreted as such - particularly within the SPY stream where the majority is usually wrong. In fact that sentiment indicator they have has been great for the expectation that there will indeed be a...

I can't think of a single reason you'd ever use a market order for options. Even if you need to get out now just hit the bid or lift the offer. Anyway that other broker is probably selling your flow as most are. Equity markets are pretty much garbage right now due to all the fragmentation and...

I'd also add that if you're interested in KC that you follow BRLUSD or Real related news. For Robusta, VNDUSD or Dong related news (make your jokes now). I got fucked on a decent Robusta long due to Dong devaluation some weeks back. DX strength continues to crush these things (producers...

If you're attempting to somehow take advantage here forget about it. :-) In short though they're probably using a mathematical derivation such that people don't try to arb the NKD vs NKY spread vs the yen. Everytime Nikkei comes up though I just tell people to directly trade the N225M contract...

I have a whole host of Twitter accounts and other things I follow coffee related but here's some useful daily links: http://blog.pricegroup.com http://drwakefield.com/reports http://www.iandmsmith.com/news-headlines/coffee-market-reports I'm predominantly a technical trader but I try to read...

Even if that green area failed it simply doesn't matter. Everyone should be attempting a long right there. 3 attempts to break support and they all fail plus a higher high after that on obvious strength. It seriously doesn't get more straightforward than that. Here's also a perfect case where...

They'd be shorting it only if they: * Ignored the multiple prior session's action leading up to this point (strength/basing). * Ignored overly bearish sentiment and the fact that there's heaps of shorts for the market to punish at this point. * Ignored the fact that it was forming a great...

I didn't get to trade any of this today - which sucks, but it wasn't all for nought as I had been picking up Oct9 OTM ES calls (1960, 2000) throughout the week and prior which I still have open. From looking at the action there were a million opportunities to get on this comet with probably the...

Reading the posts 10 pages back right after the NFP dump is a total crack up. People dancing around likes apes "THE END IS NEAR!" C'mon guys - you know this game. The entire point is to trap back and forth over and over and over until the musical chair game actually stops (if ever). Look at...

Bet it breaks tonight or atleast tests it with significance. There's some buying going on.

I don't think so - but I'll admit, I've used "glam stocks" ever since you started saying it. :-)

? I'm absolutely not a bull whatsoever. I think this market is a total joke.

IMO fundamentals rarely apply to the front month crude contract. Just trade that think like the casino it is (technical analysis/sentiment/trapped players etc). The further timeframe you go out and/or the curve relationships is where fundamentals probaby hold more sway.

Took 22 ES points (1890->1912) from last night's Eurasian runup (got stopped out somewhere in pre-market). Back in again long at 1905 in the last hour of cash, ES presently 1917. If we pass 1955, we're going to 1980.