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  • #67,361
  • Feb 20, 2009 2:17pm Feb 20, 2009 2:17pm
Triple witching is the third Friday of March, June, September and December, when options, index futures, and options on index futures expire concurrently. Massive trades in options and underlying stocks by hedge strategists and arbitrageurs can cause above average volume and added market volatility.
Derivative contracts based on stock indices do not generally involve the actual exchange of any underlying security, but rather are cash-settled based on some fair market value at a specified time. Many arbitrage strategies involve simultaneous, offsetting transactions in a basket of stocks representing an index and a derivatives contract on the index. When the derivatives contract reaches expiration, the usual practice is to buy or sell the basket of stocks at the exact price used for cash-settling the derivatives contract.
  • #67,362
  • Edited 2:30pm Feb 20, 2009 2:18pm | Edited 2:30pm
Quoting lloydblankfe
Goldman Sachs is probably the best run bank of the planet. Except for central banks. There is too much talk of margin calls in America if American banks gave out margin calls to the European ones they lent money too then Europe is bankrupt. I cannot understand how European banks are well capitalized.
Dude, you should get some outside source of information. I have no idea which "market analyst" you get your information from but, and that might be a revelation for you, America is the worst hit country and no amount of mud slinging is going to save it. God, I just hope you crazies (my apologies to the reasonable people) will not start nuking stuff.
  • #67,363
  • Feb 20, 2009 2:19pm Feb 20, 2009 2:19pm

Noticed you posted 2 from Eastwick. Not sure if you know how correct you are. Are you? There are occasionally 3.

But. For Sure. You Got It. Keep it in your toolbelt {if you haven't placed it there already.}

BMc.
  • #67,364
  • Feb 20, 2009 2:21pm Feb 20, 2009 2:21pm
This third Friday is a double witching, hence my post of the two witches
Traders are smartasses
  • #67,365
  • Feb 20, 2009 2:23pm Feb 20, 2009 2:23pm
Quoting Mysticdiver
Triple witching is the third Friday of March, June, September and December, when options, index futures, and options on index futures expire concurrently. Massive trades in options and underlying stocks by hedge strategists and arbitrageurs can cause above average volume and added market volatility.
Derivative contracts based on stock indices do not generally involve the actual exchange of any underlying security, but rather are cash-settled based on some fair market value at a specified time. Many arbitrage strategies involve simultaneous, offsetting...
right !
today was a friday squeeze
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  • #67,366
  • Feb 20, 2009 2:26pm Feb 20, 2009 2:26pm
Quoting walb99
Traders are buying as .....

But I don't believe this.
Trading is not about believing in something - trading is about strict following of trading plan - manage open positions, moving stop losses, reestabilishing profit area, long term view, market behaviour, price action etc. etc...

there is no area for believing in something , you can believe that some lady loves you, you can believe in god, you can believe you will not die on cancer, you can believe in thousands things, but in trading, there are no believing.

Trading must be strictly without any emotions, without fear, without anything what should show you things how you want to see it.

there is huge different between what you wanna see, and what really is.
Wish you a lot of great moments with those you love.
  • #67,367
  • Feb 20, 2009 2:26pm Feb 20, 2009 2:26pm
grasshopper to those thinking you secure with your jobs ect. a little reality is gonna hit soon in next few months.. commercial property forclosers have yet to be hit ... its the tip of the iceberg so far... most smaller commercial/business building are financed the smaller local mom and pop banks (in my area)..then your larger banks get the bigger devolopments...do your local stores have for rent signs on them increasing? all the layoffs your hearing about in retail is one thing.. but most of those buildings are soon to be bank owned..... causing the housing decline to continue..

people trying to sell you something like your stock broker (goldmen) or anyone on blogs selling commercials.. have a motive to make you feel like pollyanna..

forex can be the golden goose.. dont kill the goose by not being ninmble and able to adjust..clear your head we are all wrong at times..admit it and move on.. it aint a pissing contest..incorporate other views with your own.. sometimes others see something you dont..its not all garbage..

good pipin to all
those who can, do. those who cant, talk about those who can
  • #67,368
  • Feb 20, 2009 2:28pm Feb 20, 2009 2:28pm
Quoting Bemac
Noticed you posted 2 from Eastwick. Not sure if you know how correct you are. Are you? There are occasionally 3.

But. For Sure. You Got It. Keep it in your toolbelt {if you haven't placed it there already.}

BMc.
The third is the wicked witch of the west
  • #67,369
  • Feb 20, 2009 2:28pm Feb 20, 2009 2:28pm
Quoting Lizeth_doll
im down 250 pips.. lol....
I hope you moved your stops to BE now, or were able to close that trade.
What's that smell?
  • #67,370
  • Feb 20, 2009 2:32pm Feb 20, 2009 2:32pm
Quoting Kess.
Trading is not about believing in something - trading is about...
If I know more than You Then I should Take YOUR Money.
{& don't expect a kiss...}

Reality sometimes hurts.
I am Bemac & I want your Funds.
Deal with it.
  • #67,371
  • Feb 20, 2009 2:33pm Feb 20, 2009 2:33pm
Quoting jon clogger
I hope you moved your stops to BE now, or were able to close that trade.
I have a feeling we won't be seeing lizzy D soon
  • #67,372
  • Feb 20, 2009 2:34pm Feb 20, 2009 2:34pm
Quoting Bemac
If I know more than You Then I should Take YOUR Money.
{& don't expect a kiss...}

Reality sometimes hurts.
I am Bemac & I want your Funds.
Deal with it.
Here is just one problem, according my equity curve, it seems I am taking somebody else funds And also, it seems this statement will hold long to the future
Wish you a lot of great moments with those you love.
  • #67,373
  • Feb 20, 2009 2:35pm Feb 20, 2009 2:35pm
Quoting lloydblankfe
Goldman Sachs is probably the best run bank of the planet. Except for central banks. There is too much talk of margin calls in America if American banks gave out margin calls to the European ones they lent money too then Europe is bankrupt. I cannot understand how European banks are well capitalized.
I know of only one country that is over ten (10) Trillion in debt, strangely enough, it isn't found in Europe.
  • #67,374
  • Feb 20, 2009 2:38pm Feb 20, 2009 2:38pm
Quoting Kess.
Trading is not about believing in something - trading is about strict following of trading plan - manage open positions, moving stop losses, reestabilishing profit area, long term view, market behaviour, price action etc. etc...

there is no area for believing in something , you can believe that some lady loves you, you can believe in god, you can believe you will not die on cancer, you can believe in thousands things, but in trading, there are no believing.

Trading must be strictly without any emotions, without fear, without anything what...
Thank you for the explanation, but this was a joke.
Sorry that you took it siriously.

Next time I will ad: "just kidding!"
/ ... clarifying decisions ... /
  • #67,375
  • Feb 20, 2009 2:39pm Feb 20, 2009 2:39pm

New York, February 20th. Having been on the road all day, it was a surprise to get the message over the
Blackberry - What happened Euro? Having not checked the market the assumption was that EUR/USD had
finally succumbed to the sell off that had been hatching all week. After calling the office it was a shock to find out
that EUR/USD had blasted up 2 big figs in 8 minutes and no one seemed to know why. Calling around market
contacts it all still seems to be a mystery. No particular stand out names, no smoking gun real money or spec
account, no big corporate, just stunned silence.
Traders described action as brutal, mainly stop loss driven, with algorithm programmed trades exacerbating
the lack of liquidity as they have no "fear factor" programmed in, buy 20 means buy 20, price is not the issue.
One whisper that made the rounds is that China came in and gaffed the market, buying a chunk with the market
leaning the wrong way. It has some credibility inasmuch that they were the name in the frame defending the
1.2700/1.2700 DNT that got popped, and the 1.2550 exotic trigger. Perhaps they were just trying to recoup
some lost profits. Out of all the feedback, it is probably the most likely.
What is definite is that the market was short and comfortable, and it had to be someone with deep pockets and
high risk profile that could muscle the market. Friday afternoon, after a volatile week, and no one to provide the
liquidity, the rest is history. Traders are wondering what Asia will make of all this, the equity rally helps support
the move if EUR/JPY follows. Given the negative view on the Yen that has been building, there is a good chance
there will be follow through. The only other credible theory is that a macro fund decided to make a long term
play at reasonably priced levels, after Dodd"s nationalization comments, and the German denial of any East
European package on the horizon. Spot last 1.2845. [email protected]
  • #67,376
  • Feb 20, 2009 2:42pm Feb 20, 2009 2:42pm
Looks bullish to me, Clear Hummer, tempting to go long ...
go long now or wait ...
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  • #67,377
  • Feb 20, 2009 2:47pm Feb 20, 2009 2:47pm
Anybody here who thinks that traders will hold their longs over the weekend at these level?
/ ... clarifying decisions ... /
  • #67,378
  • Feb 20, 2009 2:48pm Feb 20, 2009 2:48pm
Quoting walb99
Anybody here who thinks that traders will hold their longs over the weekend at these level?
I'm holding and even considering adding, but I think I'll refrain until Monday...
  • #67,379
  • Edited 2:59pm Feb 20, 2009 2:48pm | Edited 2:59pm
Quoting lloydblankfe
Goldman Sachs is probably the best run bank of the planet. Except for central banks. There is too much talk of margin calls in America if American banks gave out margin calls to the European ones they lent money too then Europe is bankrupt. I cannot understand how European banks are well capitalized.
horse shit... the rule was changed on april 28 2004 ... because sec... allowing goldemen and others to leverage change from 15% to unlimited... so put that in perspective with the guy having a 25k year job and buying a 250k house....no difference.. both over leveraged... the difference the guy making 25k wasnt the so called smartest in the room (like goldmen ect.) ..but yet the smartest guy in the room bought/sold these bundled up morgages.by the billions.....so you tell me whos the smartest guy in the room now...meanwhile goldmens golden (paulson)boy has the pres ear.. and is able to get a bail out for aig....if aig went under then goldmen who was heavliy insured is out of business for the same reason as the 25k guy lost his house... u eliminate aig and claw back all the money paid to goldmen through aig and tarp directly to goldmen..remember the tarp said paulson could do anything he wanted with money.. so we cant claw it back legaly. oh and then the money collected on oil they pumped up the world price on while they actually owned it...and you end up with a deep pit on wall street... instead of defending them find out the truth... follow the money cause you i and grand kids will pay for this forever...follow the money.. the king has no cloths...
those who can, do. those who cant, talk about those who can
  • #67,380
  • Feb 20, 2009 2:51pm Feb 20, 2009 2:51pm
Quoting walb99
Anybody here who thinks that traders will hold their longs over the weekend at these level?
no.. not me.. asian session sun/mon the dollar has strengthend.. im getting ready to short...thinking usd strength
those who can, do. those who cant, talk about those who can
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