Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

firewalker

Trade Discussion and Analysis

Recommended Posts

witching day today chaps so be careful out there... I know a lot of people taking the day off because of it.

 

:o bs

 

I have yet to see any correlation between triple/quadruple witching day and any extraordinary activity in the futures market.

Share this post


Link to post
Share on other sites
What's happening that makes it 'witching day'? Is it because of the uncertainty of tomorrow's market?

 

Triple Witching

 

An event that occurs when the contracts for stock index futures, stock index options and stock options all expire on the same day. Triple witching days happen four times a year on the third Friday of March, June, September and December.

Share this post


Link to post
Share on other sites
:o bs

 

I have yet to see any correlation between triple/quadruple witching day and any extraordinary activity in the futures market.

 

Just saying be careful!

 

Always expect the unexpected.

Share this post


Link to post
Share on other sites
Just saying be careful!

 

Always expect the unexpected.

 

If we always expected the unexpected, we wouldn't trade! We'd be too freaked to take on any risk! At least, I would.

 

I'm betting that there will be some order amongst the disorder. But the problem during this period is that the disorder is almost louder than the order.

 

I slept with my laptop again last night (wooo! much to my wife's chagrin!), and managed to take two losses on false trend-line breaks. I guess there was just too much noise to reliably choose a TL break.

 

I'm in one more time here on a clearer hourly TL break, short GJ from 190.74. With any luck, this thing will roll lower. Otherwise, I'll be calling it quits for the rest of the day and tomorrow. Going to get my head out of this mess for the weekend and enjoy some camping and fishing.

Share this post


Link to post
Share on other sites
If we always expected the unexpected, we wouldn't trade! We'd be too freaked to take on any risk! At least, I would.

 

Okay, maybe not the best choice of words. Perhaps, ''be ready for anything with correct risk parameters in case the worst scenario approaches''. After my early week nastiness, I am just more cautious and careful now.

 

I'm betting that there will be some order amongst the disorder. But the problem during this period is that the disorder is almost louder than the order.

 

I slept with my laptop again last night (wooo! much to my wife's chagrin!), and managed to take two losses on false trend-line breaks. I guess there was just too much noise to reliably choose a TL break.

 

I'm in one more time here on a clearer hourly TL break, short GJ from 190.74. With any luck, this thing will roll lower. Otherwise, I'll be calling it quits for the rest of the day and tomorrow. Going to get my head out of this mess for the weekend and enjoy some camping and fishing.

 

Ouch! gutted mate, nothing worse than making the effort then it going sour. Not a bad idea to take a day off though, come back when it settles a bit more.

Share this post


Link to post
Share on other sites

Chickened out. Bwak! Closed at b/e after it failed to run lower on the current hourly. But there's no change in the signal. Maybe I'll re-enter if given the chance. I dunno...

Share this post


Link to post
Share on other sites
Chickened out. Bwak! Closed at b/e after it failed to run lower on the current hourly. But there's no change in the signal. Maybe I'll re-enter if given the chance. I dunno...

 

If I was you I'd walk away now and come back next week... I wouldn't trade if you are this unsure at the moment.

Share this post


Link to post
Share on other sites
If I was you I'd walk away now and come back next week... I wouldn't trade if you are this unsure at the moment.

 

Thanks Wasp. I think you're right. Hi-ho... I'm off to catch some fish. Have a great weekend, everyone!

Share this post


Link to post
Share on other sites
Thanks Wasp. I think you're right. Hi-ho... I'm off to catch some fish. Have a great weekend, everyone!

 

Enjoy, forget, relax, come back refreshed and raring to go, confident and relaxed.

 

Have a good one!

Share this post


Link to post
Share on other sites

The Board of the Financial Services Authority (FSA) today (Thursday 18 September) agreed to introduce new provisions to the Code of Market Conduct to prohibit the active creation or increase of net short positions in publicly quoted financial companies from midnight tonight.

 

In addition, the FSA will require from Tuesday 23 September daily disclosure of all net short positions in excess of 0.25 per cent of the ordinary share capital of the relevant companies held at market close on the previous working day. Disclosure of such positions held at close on Friday 19 September will also be required on Tuesday 23 September.

 

The FSA stands ready to extend this approach to other sectors if it judges it to be necessary.

 

These provisions will remain in force until 16 January 2009, although they will be reviewed after 30 days. A comprehensive review of the rules on short selling will be published in January.

 

Hector Sants, chief executive of the FSA, said:

 

"While we still regard short-selling as a legitimate investment technique in normal market conditions, the current extreme circumstances have given rise to disorderly markets. As a result, we have taken this decisive action, after careful consideration, to protect the fundamental integrity and quality of markets and to guard against further instability in the financial sector."

The detailed changes to the Code of Market Conduct, and a schedule of the companies whose securities are covered by them, will be published before the market opens tomorrow (Friday 19 September).

http://www.fsa.gov.uk/pages/Library/Communication/PR/2008/102.shtml

Share this post


Link to post
Share on other sites
The Board of the Financial Services Authority (FSA) today (Thursday 18 September) agreed to introduce new provisions to the Code of Market Conduct to prohibit the active creation or increase of net short positions in publicly quoted financial companies from midnight tonight.

 

In addition, the FSA will require from Tuesday 23 September daily disclosure of all net short positions in excess of 0.25 per cent of the ordinary share capital of the relevant companies held at market close on the previous working day. Disclosure of such positions held at close on Friday 19 September will also be required on Tuesday 23 September.

 

The FSA stands ready to extend this approach to other sectors if it judges it to be necessary.

 

These provisions will remain in force until 16 January 2009, although they will be reviewed after 30 days. A comprehensive review of the rules on short selling will be published in January.

 

Hector Sants, chief executive of the FSA, said:

 

"While we still regard short-selling as a legitimate investment technique in normal market conditions, the current extreme circumstances have given rise to disorderly markets. As a result, we have taken this decisive action, after careful consideration, to protect the fundamental integrity and quality of markets and to guard against further instability in the financial sector."

The detailed changes to the Code of Market Conduct, and a schedule of the companies whose securities are covered by them, will be published before the market opens tomorrow (Friday 19 September).

http://www.fsa.gov.uk/pages/Library/Communication/PR/2008/102.shtml

 

Disgusting.

 

Appalling.

 

Petition for free markets anybody?

Share this post


Link to post
Share on other sites
This is ONLY UK financial companies!

 

You don't trade anything British FFS!

 

I know, but the SEC did something similar in July for US stocks.

 

So first we had the uptick rule, than the no naked short selling and now no short selling at all!

 

Where is this going to end?

Share this post


Link to post
Share on other sites
I know, but the SEC did something similar in July for US stocks.

 

So first we had the uptick rule, than the no naked short selling and now no short selling at all!

 

Where is this going to end?

 

Trade FX mate, its a relationship, not a company! Can't ban sale of one!

 

Must be annoying for guys like you though... what with only just learning how to trade!!! :haha:

Share this post


Link to post
Share on other sites
**** me those indices are off! Hope everyone is long! (you can't be short mwah!)

 

Amazing... 150 point spread bars in 5 minutes... that's about the average daily range that we had last year in just under 5 minutes :)

 

So what was that again about the 1 minute timeframe not being useful?

Share this post


Link to post
Share on other sites
Amazing... 150 point spread bars in 5 minutes... that's about the average daily range that we had last year in just under 5 minutes :)

 

So what was that again about the 1 minute timeframe not being useful?

 

SMBTNT called it about 3 hours ago! What TF do you use SMB?

 

Where the hell were you is the question???!

obvious.thumb.gif.44026d5956997ae9e6d9a16d204f2131.gif

Share this post


Link to post
Share on other sites
SMBTNT called it about 3 hours ago! What TF do you use SMB?

 

Where the hell were you is the question???!

 

I was just observing the unusual speed, excellent call from smbtnt, but I wasn't around to take it and probably would not have gone long anyhow!

 

That support is from the DAX btw, I was looking where the bounce came from on the DOW... I did have 1140 on the ES which was very close to the low of day, but any charts with a fresh perspective on the DOW would definitely please me :)

Share this post


Link to post
Share on other sites
I was just observing the unusual speed, excellent call from smbtnt, but I wasn't around to take it and probably would not have gone long anyhow!

 

That support is from the DAX btw, I was looking where the bounce came from on the DOW... I did have 1140 on the ES which was very close to the low of day, but any charts with a fresh perspective on the DOW would definitely please me :)

 

Hold on!

 

I know it was the dax. Like the cable thread on T2W you have been posting on, watching multi GBP pairs help as would watching multi indices.

5aa70e89eacd4_ym1.thumb.gif.2a6317b8dec5164d3065c5a70379e671.gif

5aa70e89f0584_ym2.thumb.gif.1e0feff3daf442bfca63dafe9abf5c9f.gif

Share this post


Link to post
Share on other sites

Guys i have to pop out, its our holy month of fasting and these last 10 nights are very special, have to go and cleanse the old soul from whole year's build up of transgessons against the lord...

Will def post something substantial tomorrow.

Share this post


Link to post
Share on other sites
Hold on!

 

I know it was the dax. Like the cable thread on T2W you have been posting on, watching multi GBP pairs help as would watching multi indices.

 

A lot of lines close together though...

 

Here's how I see it:

 

attachment.php?attachmentid=8004&stc=1&d=1221767678

dji.thumb.GIF.f92d090ccfb8c1b06f5e2df0c173275a.GIF

Share this post


Link to post
Share on other sites
no probs smbtnt, I'll try and teach firewalker some basics in the meantime!

 

LOL!

Both of you have been my mentors in the past, futures and fX respectvely, I feel it's fnally coming together, if only I lacked emotions everytime a signal turned up, like you guys can...

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • BMBL Bumble stock nice start off the 7.94 support area at https://stockconsultant.com/?BMBL
    • Date: 22nd November 2024.   BTC flirts with $100K, Stocks higher, Eurozone PMI signals recession risk.   Asia & European Sessions:   Geopolitical risks are back in the spotlight on fears of escalation in the Ukraine-Russia after Russia reportedly used a new ICBM to retaliate against Ukraine’s use of US and UK made missiles to attack inside Russia. The markets continue to assess the election results as President-elect Trump fills in his cabinet choices, with the key Treasury Secretary spot still open. The Fed’s rate path continues to be debated with a -25 bp December cut seen as 50-50. Earnings season is coming to an end after mixed reports, though AI remains a major driver. Profit taking and rebalancing into year-end are adding to gyrations too. Wall Street rallied, led by the Dow’s 1.06% broadbased pop. The S&P500 advanced 0.53% and the NASDAQ inched up 0.03%. Asian stocks rose after  Nvidia’s rally. Nikkei added 1% to 38,415.32 after the Tokyo inflation data slowed to 2.3% in October from 2.5% in the prior month, reaching its lowest level since January. The rally was also supported by chip-related stocks tracked Nvidia. Overnight-indexed swaps indicate that it’s certain the Reserve Bank of New Zealand will cut its policy rate by 50 basis points on Nov. 27, with a 22% chance of a 75 basis points reduction. European stocks futures climbed even though German Q3 GDP growth revised down to 0.1% q/q from the 0.2% q/q reported initially. Cryptocurrency market has gained approximately $1 trillion since Trump’s victory in the Nov. 5 election. Recent announcement for the SEC boosted cryptos. Chair Gary Gensler will step down on January 20, the day Trump is set to be inaugurated. Gensler has pushed for more protections for crypto investors. MicroStrategy Inc.’s plans to accelerate purchases of the token, and the debut of options on US Bitcoin ETFs also support this rally. Trump’s transition team has begun discussions on the possibility of creating a new White House position focused on digital asset policy.     Financial Markets Performance: The US Dollar recovered overnight and closed at 107.00. Bitcoin currently at 99,300,  flirting with a run toward the 100,000 level. The EURUSD drifts below 1.05, the GBPUSD dips to June’s bottom at 1.2570, while USDJPY rebounded to 154.94. The AUDNZD spiked to 2-year highs amid speculation the RBNZ will cut the official cash rate by more than 50 bps next week. Oil surged 2.12% to $70.46. Gold spiked to 2,697 after escalation alerts between Russia and Ukraine. Heightened geopolitical tensions drove investors toward safe-haven assets. Gold has surged by 30% this year. Haven demand balanced out the pressure from a strong USD following mixed US labor data. Silver rose 0.9% to 31.38, while palladium increased by 0.9% to 1,040.85 per ounce. Platinum remained unchanged. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • A few trending stocks at support BAM MNKD RBBN at https://stockconsultant.com/?MNKD
    • BMBL Bumble stock watch, pull back to 7.94 support area with high trade quality at https://stockconsultant.com/?BMBL
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.