Quote from Mecro:
I don't know why you won't face the obvious. Serious action (in the correct direction) in Bonds and ES several minutes before the report means someone knew something. My guess is that Reuters got the report early from one of the big players that was making moves before 8:30. Makes Reuters look like the premier news service.
I understand your point, but you make yourself sound like one of those guys that actually believes that NYSE regulations are enforced. Insider trading is huge, thats how the rich stay rich, thats how pompous I-Banks with their sheltered Ivy league pricks manage to make the returns they do. That's how specialists trade, front run and take positions and manage to make millions of dollars. That's how NYSE can afford to pay such luxurious compensation packages. It's a fact, and I, for one, totally accept that insider trading and abuses exist, have existed and will exist. I would take advantage of insider information in a second but not to that extreme degree.
BUT:
This Friday's actions were just out of whack. As with any abuse, there is a limit and once it becomes that blatantly obvious, it is a bad sign for anybody trying to trade/invest with hard work, intelligence and skill. Now the real question is whether anything is going to be done about such obvious insider trading. If nothing is done, it is just a signal for anyone that does not have access to inside info to look for other markets. Just like when MMs/specialists pull obvious abuses on traders and then the traders try to complain. Nothing is ever done and basically what NYSE/Naz/SEC is trying to tell you is "go screw yourself, we do not want your business", even though a completely different picture is painted with their pretend ideals & regulations. But that is small potatoes comparing to a highly awaited economic report. Think of what this says to Joe investor and to the American public.
"I don't know why you won't face the obvious. Serious action (in the correct direction) in Bonds and ES several minutes before the report means someone knew something."
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Mecro: I know nothing about bonds (not even what they are); nothing about futures, puts or calls. I do know about trading though.
One thing I know regarding "serious action" ...
What is considered "serious action" nowadays is different than in the past.
The online revolution where a single mouse click can instantly move a billion dollars into execution of a trade... is changing the face of the market.
Also, perhaps the reason I don't see this move as such a big deal is because we get them all the time in the forex market.
I am used to trading 50 to 100 point spikes. A 200 point spike in 2 seconds is not unusual. If they couldn't deal with it, equity, bonds, futures, mutual fund traders would be
eaten in my market. LMAO. If you doubt that, open a live account, make trades and try to
survive, let alone
never have a losing trade, having only winner trades, like me.
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"I understand your point, but you make yourself sound like one of those guys that actually believes that NYSE regulations are enforced. Insider trading is huge, thats how the rich stay rich, thats how pompous I-Banks with their sheltered Ivy league pricks manage to make the returns they do. That's how specialists trade, front run and take positions and manage to make millions of dollars. That's how NYSE can afford to pay such luxurious compensation packages. It's a fact, and I, for one, totally accept that insider trading and abuses exist, have existed and will exist. I would take advantage of insider information in a second but not to that extreme degree."
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It's not whether I believe "corruption" or regulation (of these specific events) does or doesn't exist, it is that I don't give a ****. Nothing causes
me to lose.
I trade to win and do -
no "sly," "questionable" or "insider info" institutional trading effects my structure.
Loss is not part of my system.
My positions get pounded all the time by shit and I am not concerned what the cause of it is - I could care less, everyone has to make a living and feed their families. I hope they all get "kickbacks" - trading is a hard job and the guys deserve them.
The only thing I care about is if someone calls an eldery person up and convinces them to send $20K or $100K to their "firm" when they don't even have a firm. Those are the real crooks. Nothing of that nature effect us as private traders.
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"This Friday's actions were just out of whack."
LMAO, Mecro, EVERYTHING is "out of whack" in the markets lately in case you didn't notice. The whole world is "out of whack." Markets just reflect it.
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"As with any abuse, there is a limit and once it becomes that blatantly obvious, it is a bad sign for anybody trying to trade/invest with hard work, intelligence and skill."
Give me bad news timing all day - I'll take as much as I can get! LOL
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"Now the real question is whether anything is going to be done about such obvious insider trading."
Presumed insider trading. Anyway, Martha Steward's actions could not have caused me to lose, so, as I say, insider trading/bum news announcements/questionable price moves don't concern me.
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"If nothing is done, it is just a signal for anyone that does not have access to inside info to look for other markets."
Good! Come to my market (forex) - we have 100 to 200 point spikes all the time -
Yee Haww! 
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"Just like when MMs/specialists pull obvious abuses on traders and then the traders try to complain."
I only wish they'd line up and try to abuse
me - only, I would
not complain, I would turn Kabir (my currency trading system) loose on them and laugh all the way to the bank!
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"Think of what this says to Joe investor and to the American public."
It probably says, "This is a free market - enter at your own risk."
The point is, dude, get a grip, deal with it and get over it! Re-wire your trading system to handle it. Shit happens - that's life.
Either you win or you don't belong in trading. No one is forcing you to make a trade,
you do that.
See yah in the forex market
Saham
