market direction

[trader_dante]

That USD/Yens going up. Just like the stock market. There is a reason why it's called a flush out.

 

[JRP2891]

That USD/Yens going up. Just like the stock market. There is a reason why it's called a flush out.

I'm taking it you're long if you're so sure....?

 

[rawrschach]

This is awesome - yesterday's pit feed.

http://www.zerohedge.com/sites/default/files/Market Crash.mp3

 

[N Rothschild]

****ing awsome. this is what im devistating for missing live as i listen to bens traders audio every day, was ****in asleep and missed eharing this live. total MAYHEM and a historic moment

 

[trader_dante]

This is awesome - yesterday's pit feed.

http://www.zerohedge.com/sites/default/files/Market Crash.mp3

03:32 when he calls "79s trading" is hilarious. His voice! That can't be good for you

 

[meanreversion]

Is there a carry trade with jpy anymore? Rates in UK and US are just as low, I just struggle to see the market is mega-short the jpy.

 

[N Rothschild]

Is there a carry trade with jpy anymore? Rates in UK and US are just as low, I just struggle to see the market is mega-short the jpy.

in anticipation of rising rates in the us and europe etc. and yesterday people realised it aint gona happen, so DUMPED

 

[N Rothschild]

03:32 when he calls "79s trading" is hilarious. His voice! That can't be good for you

yeh once they get into the 80 he just loses it rofl. **** the electronic market this is where its at!

 

[meanreversion]

in anticipation of rising rates in the us and europe etc. and yesterday people realised it aint gona happen, so DUMPED

not sure i agree with this.. i think the market is just conditioned to certain knee jerk responses, so if sh*t hitting fan - BUY usd, BUY jpy, BUY chf. it's a pavlovian response.

 

[N Rothschild]

you dont need to agree or not, it is the facts lol. short exposure in the YEN was huge. to huge, it got dumped. and the yen surge came before the big stocks plunge, so how could that be a knee jerk reaction? (buying yen)

 

[N Rothschild]

this looks familiar

 

[dealer911]

USD/YEN moving down - am shorting the indices myself! - maybe we will get another "fat finger"!

 

[meanreversion]

Someone's chubby digit caused the near meltdown of the financial system? We're in deeper sh*t than we thought.

 

[dealer911]

Someone's chubby digit caused the near meltdown of the financial system? We're in deeper sh*t than we thought.

I have a new trading plan - I'm sending 200 krispy kream dognuts to the traders at Citi - fatten em up some more and short the market!
p.s (i know it wasntnt citi.. it was the HFT's apparently)

 

[N Rothschild]

i dont believe it for a second

 

[meanreversion]

It's fairly astonishing, I look forward to the report in two years time from the SEC which blames a couple of junior clerks.

 

[N Rothschild]

10 handles in 10 minutes, gona be a wild ride again

 

[scose-no-doubt]

What do you think happened if it wasn't HFT.

Ransquawk sayin Citi denying it was them. Unfounded.

 

[dealer911]

What do you think happened if it wasn't HFT.

Ransquawk sayin Citi denying it was them. Unfounded.

whoever did it are keeping their mouths closed - lets just blame goldmans!

 

[N Rothschild]

i think it was a combination of a hugely overbought market, a TON of stops, margin calls

and a few malfunctioning HFT algos chasing the momentum and front running everyone into the lows.

the idea that one person at citi caused it just isnt true and the yen was off to the moon before the break down.