Trading the roll...

[arabianights]

Are you gay?

no but you are

you want martin

and his willy

 

[gooseman]

who says summer in the markets is boring.....

 

[Technically Fundamental]

me. I have no money to trade.

 

[arabianights]

wasn't boring for me, I was buying the whites

 

[gooseman]

woops

 

[Technically Fundamental]

Just clarify that for me... "the whites" I mean.

 

[arabianights]

white = first 12 months in futures (followed by red, green etc). I was buying them in a market going the other way and losing 6 or 7 valuable grands...

I'll be buying them again tomorrow though

 

[Technically Fundamental]

What were you buying?

 

[arabianights]

stuff that was going down

 

[gooseman]

short sterling i'm guessing. arabian shrugged off the mpc member-what does he know

 

[arabianights]

short sterling i'm guessing. arabian shrugged off the mpc member-what does he know

yer, I've been ignoring fundamentals recently, it's been working most days...

just wish I'd had the balls to sell U9 earlier, I've been waiting for it to go above 50 before selling the **** out of it

 

[gooseman]

you can't push custard uphill mate

 

[arabianights]

buying it has been the right thing to do for a fortnight, maybe even a month... you're probably right but I need to see a better correction (with, say, volume ) tomorrow to be mostly making offers rather than bids. FWIW I will be trading 25s or something tomorrow until the right course of action is made clear one way or the other, probably at CPI

 

[gooseman]

gilt was bargain of the century before QE announcement.

 

[arabianights]

If I understand your point let me offer one in return: would it have been better to have five lots before the announcement or buy a few hundred an hour later?