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    Refco Pro - my mistake

    For those of you who read my onslaught on the Refco pro system yesterday, I just realised what many of you knew at the time, and were desperately trying to get me to understand, when I checked my account a few minutes ago I found I was completely wrong for saying that the system filled me at a...
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    Refco Pro Is Utter Sh1te

    NO ONE AT REFCO LONDON IS ON TT, it's against the law for us to use it, god knows what is going on in Gib, but there is no server for TT here anymore.... ... and when I did the test, it was dead quiet, and heavily offered. And I swear, I did buy 68.5 despite 68s staying the same offer whilst...
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    Refco Pro Is Utter Sh1te

    the mkt was 65 bid, or whatever, and I sold the price way below. Honestly, look seeing as you're a Refco guy I will give u the benefit of the doubt, and retract my isnults hurled at you, however.... try this: see the dax, ok, say it is very very quiet, because I tried this out with an IT guy...
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    Refco Pro Is Utter Sh1te

    This is like talking to a child, a really simple child. I'm sorry mate, when you're a trader, come and talk to us big boys ok? Until then, keep watching bloomberg TV and reading the FT and acting like you know the markets! OK, let me begin to explain this to you: if the market (that's a...
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    Refco Pro Is Utter Sh1te

    AND AS FOR U MARKY, I know it's been going up all day - hence me being long, you prat I got out for a loss on that one trade, big deal, what are you talking about paying peanuts, probably made more last month than you have in your whole career..... "learn the mkts" - that's a joke! Fred...
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    Refco Pro Is Utter Sh1te

    listen guys, been on TT for years ... if the mkt was at 48/48.5 in a fast mkt like the dax and you just hit anywhere on the red side to sell, you sold the mkt (duh!) but with Refco pro. if the order book is showing 16 offered at 64.5, 22 offered at 65, and 30 offered at 65.5 and you click 65.5...
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    Refco Pro Is Utter Sh1te

    Avoid at all costs. This morning, I was long 10 dax , and it started to fall aggressively, so I just hit the red strip to get out. Mkt was at 48/48.5 and I hit the 46.5 box to get out thinking it would just get me out at mkt, it got me out AT 46.5 even though the mkt wasn't trading there!!!
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    bund/bobl

    yeah, I've got a long bund/short 10yr spread on right now .... that's my tip of the month guys, feel free to piggy back that one, been in it for a month or so now
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    bund/bobl

    Yeah loads of people trade them, don't worry, you won't be alone :p I would say better outright, but then they are easier to spread than say S+P/dax ....
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    Marcin: Paraphrasing:"Too Many Stupid Hedgies and Traders" in the marketplace

    We call these blithering idiots "Timmys" after the disabled kid in South Park, who can only say his own name and that's about it (no dis-respect intended to real disabled people - it's just a cartoon) I like them. They're stupid people, and you can see some real Timmy clips splashing around...
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    Dax today ....

    ooooh that's a big shout ... that is a big shout Erm, you never know do you - seems that that is where we are heading that's for sure .... wonder how well it would be protected.
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    Bund asleep for August ?

    woken up now .. see those stops from 77 to 68, now down to 57 .... I'm all over this bund right now, free money
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    Spreading action right now

    Looks like the spreaders are in right now, shorting dax buying stoxx ... I think that's a sure sign that this mkt is coming off this afternoon - unless they're wrong of course... anyone noticed that? :mad:
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    Dax today ....

    mkt is ridiculously strong, the way it shrgged off 7/7 confirmed that. I mean I know in the grand scheme of things that attack wasn't that big a deal but contract highs the day after was as much confirmation as I needed that this mkt is well bullish
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    GMAC split

    If GM split off GMAC as a seperate entity, or sell to Bank of America for 21bn .. as mentioned in some weekend papers - would that be a massive buy for GM stock and a boost for stocks in general?
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    Refco Pro

    Does anyone here use Refco Pro? If so, what is it like to trade? I've heard mixed reports so far, but mainly positive
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    Dax today ....

    :cool: No, I wasn't really asking for opinions, just putting mine across in a way that sounds like I value anyone elses ..... I did let 100 ride short though, big mistake :confused:
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    Algorithmic Trading

    Probably both to be honest .... as in mkt wizards one of his proteges says as much
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    Dax today ....

    sold 1400 actually ... :eek: not mine, manage a fund ... :mad:
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