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The Really Useless Thread

  • #6,381
  • Aug 31, 2011 8:43pm Aug 31, 2011 8:43pm
Looks like I got the whole place to myself...
Look Sharp/Trade Tight
  • #6,382
  • Aug 31, 2011 8:45pm Aug 31, 2011 8:45pm
Quoting PayTheLimit
Looks like I got the whole place to myself...
Yeah. What's happened? Just because the ATR is 3 ticks for the last three hours, everybody zones out?
  • #6,383
  • Aug 31, 2011 8:46pm Aug 31, 2011 8:46pm
Quoting OldQuant
Yeah. What's happened? Just because the ATR is 3 ticks for the last three hours, everybody zones out?
I suspect, I mean I would have done the same I guess....
Look Sharp/Trade Tight
  • #6,384
  • Aug 31, 2011 8:50pm Aug 31, 2011 8:50pm
need some coffee, thats for damn sure...
Look Sharp/Trade Tight
  • #6,385
  • Aug 31, 2011 8:57pm Aug 31, 2011 8:57pm
So last month was an inside bar, this makes me wonder if I should continue to use the prior months numbers kinda..I think I will keep them close by...
Look Sharp/Trade Tight
  • #6,386
  • Aug 31, 2011 8:57pm Aug 31, 2011 8:57pm
Quoting PayTheLimit
need some coffee, thats for damn sure...
I'm waiting for Ken's coffee girl. But even he seems to be MIA.

BTW, talking to a old friend, spread trader, and he just got long Feb cattle. Says that the country is going to deplete a lot of the frozen beef overhang over winter, and the majority of winter fed southern herds are going to be cut way down. LC is $400 a cent, less than 5 cents margin. Might put a toe in the water there...
  • #6,387
  • Aug 31, 2011 9:00pm Aug 31, 2011 9:00pm
Quoting OldQuant
I'm waiting for Ken's coffee girl. But even he seems to be MIA.

BTW, talking to a old friend, spread trader, and he just got long Feb cattle. Says that the country is going to deplete a lot of the frozen beef overhang over winter, and the majority of winter fed southern herds are going to be cut way down. LC is $400 a cent, less than 5 cents margin. Might put a toe in the water there...
does he only trade spreads usually...
Look Sharp/Trade Tight
  • #6,388
  • Aug 31, 2011 9:03pm Aug 31, 2011 9:03pm
2005/08 numbers, this 4352 has been a good one...
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #6,389
  • Aug 31, 2011 9:04pm Aug 31, 2011 9:04pm
Quoting Venice
Yeah, what a waste of a setup. Spent all day waiting for this thing to finally crack south then lame news comes in and jacks it all up. On to the next. Thing is, the compression is still present. Its barely moving north.
Not an impressive move north so far. May jump back in pretty soon if it can't muster a bounce.
Don't have an ego. Always question yourself and your ability.
  • #6,390
  • Aug 31, 2011 9:04pm Aug 31, 2011 9:04pm
Quoting PayTheLimit
does he only trade spreads usually...
Yeah, typically. Protein spreads, crush spread, things that he can put a calculator to and the real economy really does. I asked him about that, and he said the droughts are the other side of the long Feb; the physical sales are ruining the feeder supply going into the winter, and the feed cost calculations are way out of wack.
  • #6,391
  • Aug 31, 2011 9:10pm Aug 31, 2011 9:10pm
Quoting OldQuant
Yeah, typically. Protein spreads, crush spread, things that he can put a calculator to and the real economy really does. I asked him about that, and he said the droughts are the other side of the long Feb; the physical sales are ruining the feeder supply going into the winter, and the feed cost calculations are way out of wack.
yea spread traders are generally more crafty because they have to look at two legs..usually the guys that position traded spreads where pretty sharp, but boy did I hate the guys that scalped them, especially during rollover..we used to say..make a friend, kill a spreader...
Look Sharp/Trade Tight
  • #6,392
  • Aug 31, 2011 9:15pm Aug 31, 2011 9:15pm
kenny here is the new 12month slide...
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Look Sharp/Trade Tight
  • #6,393
  • Aug 31, 2011 9:17pm Aug 31, 2011 9:17pm
Quoting PayTheLimit
yea spread traders are generally more crafty because they have to look at two legs..usually the guys that position traded spreads where pretty sharp, but boy did I hate the guys that scalped them, especially during rollover..we used to say..make a friend, kill a spreader...
Spreaders never were popular. Kind of the quants of the pits. Stand around the edges, not really get into the thick of things, probably generally regarded everyone else as a thug.

When you cut it down to the bone, a spread is an arb, and can be just as complicated as the spooz trades were.
  • #6,394
  • Aug 31, 2011 9:21pm Aug 31, 2011 9:21pm
Quoting OldQuant
Spreaders never were popular. Kind of the quants of the pits. Stand around the edges, not really get into the thick of things, probably generally regarded everyone else as a thug.

When you cut it down to the bone, a spread is an arb, and can be just as complicated as the spooz trades were.
yes they where hated, but they where a force also, they would carry a big line those guys, a big spread order could always change the mood in the market, and quick..in the end it was just another thing you had to worry about..
Look Sharp/Trade Tight
  • #6,395
  • Aug 31, 2011 9:23pm Aug 31, 2011 9:23pm
couple of key closes on the simple chart down here...
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Look Sharp/Trade Tight
  • #6,396
  • Aug 31, 2011 9:31pm Aug 31, 2011 9:31pm
I'm going to turn in. Bonds are down near lows of the day. This would still be the second higher low off the repricing move of the 24th, with matching higher highs to go with them. Don't forget Labor Day weekend really starts tomorrow.

Take it easy.
  • #6,397
  • Aug 31, 2011 9:33pm Aug 31, 2011 9:33pm
10-4 bro, thanks for the heads up, talk later..
Look Sharp/Trade Tight
  • #6,398
  • Aug 31, 2011 10:03pm Aug 31, 2011 10:03pm
Quoting Mr Hatch
luring you home to tax the shit out of you.

ye, bastards!
  • #6,399
  • Aug 31, 2011 10:04pm Aug 31, 2011 10:04pm
back for LO, gl, PTL..
Look Sharp/Trade Tight
  • #6,400
  • Aug 31, 2011 10:05pm Aug 31, 2011 10:05pm
[quote=PayTheLimit;4918656]back for LO, gl, PTL..[/quote

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