The ACD Method

kinggyppo · Nov 28, 2011

Quote from kinggyppo:

here is an idea for you take a product you like lets say aapl, put a gtc limit order in at some absurd number. Lets say 375, all of a sudden you are filled. The reason I mention this is I got filled on a small order I had forgotten I put in. I never thought the market would hit that price. Anyway, you are young so hopefully you will remember you have it in. Point is you can get a great fill sometimes by throwing a crazy order in.

bump

kinggyppo · Nov 28, 2011

Quote from Maverick74:

Bonds at the A up! 142'08 is the level to watch. I've said this before and I will say it again and I will continue to say it till the doctors take me away, if you want to short this market, don't short ES, buy f*cking bonds! Pardon my French.

right nice pullback there, Mav what percent would you say eurusd and spy are correlated at?

RCG Trader · Nov 28, 2011

Quote from kinggyppo:

right nice pullback there, Mav what percent would you say eurusd and spy are correlated at?

Not Mav, but if FX is your thing, you have the right pair.

EURUSD

Maverick74 · Nov 28, 2011

Quote from kinggyppo:

right nice pullback there, Mav what percent would you say eurusd and spy are correlated at?

It varies. They have been very highly correlated lately. One could just as easily say the ES is inversely correlated with the US Dollar index. That has not always been the case. In the 80's the stock market rallied hard with the dollar and historically speaking, a strong currency is good for the markets, not bad. So I think when you look at correlations you need to know what the driver is behind that correlation. I personally think the Euro and ES are going to de-couple a little bit here.

Maverick74 · Nov 28, 2011

Quote from RCG Trader:

Not Mav, but if FX is your thing, you have the right pair.

EURUSD

When I traded FX before, I much preferred the cross rates to the dollar pairs. Much "cleaner" price action in my opinion.

RCG Trader · Nov 28, 2011

Quote from Maverick74:

When I traded FX before, I much preferred the cross rates to the dollar pairs. Much "cleaner" price action in my opinion.

Well, Master Jedi Maverick, which cross would you choose? I am always willing to learn something, if for nothing more than to better help others.

Maverick74 · Nov 28, 2011

XLF is the only SPY Sector ETF below the A down right now.

Maverick74 · Nov 28, 2011

Quote from RCG Trader:

Well, Master Jedi Maverick, which cross would you choose? I am always willing to learn something, if for nothing more than to better help others.

It depends on what you are looking for. For pure momentum can't go wrong with GBP/JPY or EUR/CHF. But there are some great pairs out there that actually escape a lot of the noise of risk assets. I use to love EUR/AUD. For mean reversion types, the EUR/GBP pair is very quiet, slow moving and range bound. Not a bad thing for a leveraged FX guy!

Maverick74 · Nov 28, 2011

AAPL making new highs here through the A up.

RCG Trader · Nov 28, 2011

Quote from Maverick74:

It depends on what you are looking for. For pure momentum can't go wrong with GBP/JPY or EUR/CHF. But there are some great pairs out there that actually escape a lot of the noise of risk assets. I use to love EUR/AUD. For mean reversion types, the EUR/GBP pair is very quiet, slow moving and range bound. Not a bad thing for a leveraged FX guy!

I have traded both GBP/JPY and EUR/GBP. Thanks for letting me know I have been on the correct trail.

See you next year.