market direction

[dealer911]

some serious dumping off the us open here!

We were due the correction! - Greek debt worries, rubbish economic data are being cited as reasons today (am sure you know that!)
This rally was liquidity driven - I read that cash levels at mutual funds are now at low levels - also put/call ratio show over optimism - probably sell off now for the rest of the week at least!

 

[N Rothschild]

as my namesake once said, when there is blood on the streets it is time to buy. we arnt far from that level now in the euro fiasco

 

[N Rothschild]

just added to crude pos at these levels, what with the middle east pressure pot looking like its about to blow its lid

 

[N Rothschild]

some crazy action accross the board today!

euros just broke 2010 lows and got rejected, buy baby buy

 

[MrGecko]

Mad 5 mins eh!

 

[N Rothschild]

****ing crazy, by the look of it someone dumped a **** load of euros then the arb algos started dumping everything else..then started buying it all back!

 

[meanreversion]

some crazy action accross the board today!

euros just broke 2010 lows and got rejected, buy baby buy

You're nuts.. how can you possibly want to be long this ccy unless looking for a very short term move higher.

 

[N Rothschild]

thats for me 2 know

for one there was only buyers at the lows not sellers, the TA people were probably expecting the **** to fall out of it breaking those lows. good enough reason for me

 

[meanreversion]

I want to know if ODT is long or short the eurine currency.

 

[N Rothschild]

this was also a bit of the zerohedge trade i have spoken of before http://www.zerohedge.com/article/euro-plunges-2010-lows

 

[N Rothschild]

days like today im glad im not a day trader, what a fkin mess!

 

[MrGecko]

this was also a bit of the zerohedge trade i have spoken of before http://www.zerohedge.com/article/euro-plunges-2010-lows

So far your strat seems to be "Fade ZeroHedge" and "Use options not stops". Is there anything else to it?

 

[N Rothschild]

thats basically it yes, but slightly more complicated! i gather info from all over the place.

but yes the strat is, everyone else is wrong

 

[N Rothschild]

someone is buying these crude dips with conviction!

 

[meanreversion]

anyone long nat gas for that nice little spike?

 

[meanreversion]

4 pct in 2 minutes, like your style

 

[N Rothschild]

yes NG finally got a bit of a pop up like ive been talking about, back into + territory on my ng trade now, been holding since this thread started

 

[wackypete2]

days like today im glad im not a day trader, what a fkin mess!

Actually I did very well today after a rather lackluster week for me. I scalp trade not really day trade. Longest position held was for about 14 minutes today! TOTAL: about 3 hours of trading, 5 winners, 3 losers, 1 BE
Done for today. I don't usually trade forex after noon time (NY time zone) as it slows down considerably.

Peter

 

[N Rothschild]

4 pct in 2 minutes, like your style

NG is a monster of a market, probably the most hardcore of all IMO makes crude look pathetic sometimes

once heard it said by a pit trader that crude is a 10,000 buy in poker table. NG is a 100k buy in

 

[meanreversion]

How actively traded is NG .. ? The June contract has traded 60k or so today, is that more than usual?