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

    • GFL Environmental stock, watch for a top of range breakout at https://stockconsultant.com/?GFL
    • PLBY Group stock watch, nice trend with a pullback to 1.83 gap support area, bullish indicators at https://stockconsultant.com/?PLBY
    • Date: 24th February 2025.   German Markets Surge as Friedrich Merz Set To Be Chancellor, Euro Gains on Fiscal Shift   Germany’s stock index futures and the euro rallied after opposition leader Friedrich Merz secured victory. Investors expect a shift toward increased government spending. US-China trade tensions rise as Trump tightens restrictions on Chinese investments. AI optimism fuels Chinese tech stocks despite regulatory concerns. Nvidia’s earnings report on Wednesday is expected to impact market volatility. German Markets React to Election Results Germany’s stock market and currency experienced a sharp rally in Asian trading after conservative leader Friedrich Merz won the country’s federal election. This victory aligns with pre-election polls and signals a potential departure from Germany’s traditionally strict fiscal policies. Futures tied to the DAX Index surged as much as 1.5% on Monday, recovering from early losses in a session marked by thin trading volume. Meanwhile, the euro strengthened against most major currencies, climbing 0.7% against the U.S. dollar. Market analysts believe Merz’s leadership could mark the end of Germany’s tight fiscal stance, with expectations that his administration will prioritize economic stimulus. This shift comes at a critical time, as Europe’s largest economy grapples with sluggish growth, geopolitical uncertainties, and the threat of a global trade war under U.S. President Donald Trump. The euro’s strength also reflects optimism that Merz will form a government quickly, which wasn’t a widely held expectation before the election.     US-China Trade Tensions Intensify While European markets gained, US-China trade tensions escalated as Trump ordered stricter regulations on Chinese investments in key sectors, including technology, energy, and infrastructure. The move is part of a broader strategy to limit China’s influence in strategic industries. Although not legally binding, the directive strengthens oversight by the Committee on Foreign Investment in the United States (CFIUS), a panel responsible for reviewing foreign acquisitions. JPMorgan strategists warned that this decision could reverse gains in Chinese tech stocks, which had rallied earlier in the year. Despite geopolitical headwinds, Chinese technology stocks have posted strong gains this year, largely driven by optimism in artificial intelligence (AI) and key policy shifts. The market remains under-owned by global investors, suggesting potential for further capital inflows. The growing AI industry has helped offset risks from US tariffs, with investor sentiment remaining bullish on leading Chinese firms like Alibaba and Tencent. Chinese officials reacted strongly, with Vice Premier He Lifeng raising concerns about Trump’s recent 10% tariff hike on Chinese goods in a call with US Treasury Secretary Scott Bessent. Additionally, sources revealed that Trump’s administration urged Mexico to impose tariffs on Chinese imports as part of broader trade negotiations.   Despite these challenges, investor focus remains on Nvidia’s earnings report on Wednesday, a key event that could drive market volatility.   Gold Nears Record Highs on Inflation and Central Bank Demand Gold prices held near $2,940 an ounce, just shy of last week’s record, as ETF inflows surged and the US dollar weakened. The precious metal is on its longest winning streak since 2020, fueled by rising inflation expectations and mounting geopolitical uncertainties under Trump’s administration. Lower US Treasury yields have also boosted bullion’s appeal, with traders now expecting the Federal Reserve’s first rate cut in July rather than September. Markets will closely watch Friday’s inflation data, a key indicator for Fed policy direction. Final Thoughts Markets are reacting to a mix of political and economic shifts, with Germany’s election outcome boosting European equities while US-China trade tensions create uncertainty for Asian markets. Investors will be closely monitoring fiscal policy changes in Germany, Nvidia’s earnings, and further trade developments for insights into market direction. For more financial market insights and updates, stay tuned. 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 Leveraged 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.
    • INO Inovio Pharmaceuticals stock, holding strong, watch for a bottom breakout above 2.36 at https://stockconsultant.com/?INO
    • Date: 21st February 2025.   European PMI Disappoint, Weighing on Euro Before German Elections   The Euro is the first currency to witness the volatility on this month’s PMI reports. The French, German and British PMI data have resulted in the Euro being the worst-performing currency of the European Session so far. However, will the Euro continue to decline throughout the day? European Purchasing Managers’ Indexes The French Purchasing Managers Index was the first European index to be made public. The release resulted in the Euro instantly declining 0.24%. The main concern from the French data was the Services PMI which fell from 48.2 to 44.5. Previously the market was expecting the data to remain more or less unchanged. The weak data triggered the decline which came to a halt after Germany’s PMI was released.     The German Manufacturing PMI read 0.5 points higher than previous expectations and the Services PMI was 0.2 points lower. The data from Germany was a relief for Euro investors and the price rose 0.12% higher. However, traders should note that the price of the EURUSD continues to remain 0.20% lower than yesterday’s close. The price of the EURUSD will now depend on the PMI data from the US. The value of the US Dollar will depend on its PMI release this afternoon and the Consumer Sentiment Index. Analysts expect both the US Services and Manufacturing PMI data to remain above the 50.00 level in the expansion zone. German Elections 2 Days Away Germany is set to hold a general election this Sunday, February 23rd, following the collapse of the coalition of social democrats, liberals, and greens. Given the country's highly proportional electoral system, German polls provide a strong indication of potential government formations post-election. The main concern for Germany is the AFD party who are Far-Right Nationalists. Currently, ahead in the polls are CDU (centre-right), and AFD (far right), followed by the SPD (centre-left). Traders should note that the results of the elections are likely to trigger strong volatility on Monday, but also influence volatility today. Economists may become further concerned if the far-right gains power for the first time due to uncertainty. If the government, similar to France, is unable to form a coalition, this would also be a concern for the Eurozone. Furthermore, the Euro this week is also under pressure from comments from members of the European Central Bank. ECB Governing Council member Fabio Panetta said to journalists that officials need not slow interest rate cuts, as January's 2.5% inflation is still expected to reach the 2.0% target this year. He also advised the European economy is weaker than previously expected. EURUSD - Technical Analysis and Indicators The EURUSD is trading above the 75-bar Exponential Moving Average and 100-bar Simple Moving Average on the 2-hour chart. However, the price is moving away from the key resistance level at 1.05058 indicating the price is losing momentum. The short-term volatility is indicating the price is retracing downwards. On the 5-minute timeframe, the price is trading below the 200-bar SMA and is also forming clear lower lows and highs. Simultaneously, the US Dollar Index is trading above the 200-bar SMA on the 5-minute chart confirming no current conflicts. Currently, the US Dollar is the best-performing currency of the day attempting to regain losses from the past 2 weeks. Watch today’s Live Analysis Session for more signals as they develop!   Key Takeaway Points: Weak French Services PMI triggered an initial Euro decline, but German PMI provide a slight relief. However, EURUSD remains lower than yesterday’s close. The Euro’s direction now depends on the US PMI reports, with analysts expecting US data to stay in expansion territory. Sunday's German election could drive volatility, especially if the far-right AFD gains power or if coalition formation proves difficult. ECB official Fabio Panetta suggested no need to slow rate cuts, citing weaker-than-expected economic performance and expected inflation decline. 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.   Michalis Efthymiou 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 Leveraged 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.
×
×
  • Create New...

Important Information

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