The ACD Method

justrading · Oct 7, 2016

Maverick74 said:
GBP/JPY anyone? Just had a mini-crash....run along now...nothing to see here.

I had full shorts on GBPUSD and GBPNZD, a half long on GBPJPY that I should have closed when it didn't move as expected, but didn't. That got stopped out quickly. For the rest, alas I had popped a pill and was 2 hours into sleep when the alerts triggered. By the time I logged on (phone) and realised the magnitude of the move, it had retraced about half way. Took off half and closed the rest after I realised it was going back more.

Can't complain. If I had set target prices, never in my wildest dreams would I have set them so low. As for the GBPJPY, lesson there, if it doesn't behave quickly, close the damned thing.

justrading · Oct 7, 2016

Something light.

http://polemics-pains.blogspot.co.uk/2016/10/gbp-goes-eurchf-whats-going-on.html

Maverick74 · Oct 7, 2016

justrading said:
I had full shorts on GBPUSD and GBPNZD, a half long on GBPJPY that I should have closed when it didn't move as expected, but didn't. That got stopped out quickly. For the rest, alas I had popped a pill and was 2 hours into sleep when the alerts triggered. By the time I logged on (phone) and realised the magnitude of the move, it had retraced about half way. Took off half and closed the rest after I realised it was going back more.

Can't complain. If I had set target prices, never in my wildest dreams would I have set them so low. As for the GBPJPY, lesson there, if it doesn't behave quickly, close the damned thing.

There are more and more HFTs getting into FX trading and there is no doubt they are exasperating these moves. I don't think there was anyway to see that coming.

SteveM · Oct 7, 2016

Treasuries and S&P500 continuing to rally and sell off in lockstep.

hoop121 · Oct 7, 2016

natty just ran straight up to the QAu. crude taking a rest here as it hit the MAu. late longs getting tested

Maverick74 · Oct 7, 2016

hoop121 said:
natty just ran straight up to the QAu. crude taking a rest here as it hit the MAu. late longs getting tested

I've been all over this move. Mostly in the HJ spread which has been the gift that keeps on giving. This has definitely been the place to be in the energy space.

Maverick74 · Oct 7, 2016

BTW, for any of you that follow natty, we have a new exchange where you can trade weather.

https://www.tradewx.com/

hoop121 · Oct 7, 2016

Maverick74 said:
I've been all over this move. Mostly in the HJ spread which has been the gift that keeps on giving. This has definitely been the place to be in the energy space.

after that tealeaves conference, i started loading up on dips. there was almost zero risk premium the last few weeks, imo

hoop121 · Oct 10, 2016

hoop121 said:
natty just ran straight up to the QAu. crude taking a rest here as it hit the MAu. late longs getting tested

"big gulps, huh? welp, see ya later." - QAu

Maverick74 · Oct 10, 2016

hoop121 said:
"big gulps, huh? welp, see ya later." - QAu

Would you believe our first 30 NL confirm came on march 4th at 1.65! If you didn't like that one for some reason there was a juicy one in June around 2.55.