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The Really Useless Thread

  • #16,141
  • Sep 21, 2011 11:44pm Sep 21, 2011 11:44pm
Quoting OldQuant
Good idea; let me check one other place.
O-X, which bought ADM's merchant business, has it as 4455/3300. No telling when that is "as of" though. Assuming that's exchange min, then IB is adding on to get to 5002.

But the 4455 could not have held yesterday, if IB was giving 2500; they can't go below exchange minimum. I wouldn't be surprised, then, if they front ran the increase themselves, and CME jumped it at close. That actually makes the most sense, thinking about it.
  • #16,142
  • Sep 21, 2011 11:50pm Sep 21, 2011 11:50pm
Quoting OldQuant
O-X, which bought ADM's merchant business, has it as 4455/3300. No telling when that is "as of" though. Assuming that's exchange min, then IB is adding on to get to 5002.

But the 4455 could not have held yesterday, if IB was giving 2500; they can't go below exchange minimum. I wouldn't be surprised, then, if they front ran the increase themselves, and CME jumped it at close. That actually makes the most sense, thinking about it.
Odd, the CME is usually pretty quick on any changes...they show 3915/2900....
Look Sharp/Trade Tight
  • #16,143
  • Sep 21, 2011 11:53pm Sep 21, 2011 11:53pm
By the way, I also just looked at EUR future. They really jumped that overnight, to 6480/4800. I know that was jumped, because yesterday I was horsing around killing time by putting limits inside the spread of the micro (12,500 EUR) and the initial was around 450 or so. Now I'm going to see what IB wants for it.
  • #16,144
  • Sep 21, 2011 11:53pm Sep 21, 2011 11:53pm
Bah...

Fuck...

PTL, OQ...

WTG, now my head hurts and my nose is bleeding...I blame the pair of ya.

Have fun in Frankie/London

And

Knight Awl!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #16,145
  • Sep 21, 2011 11:54pm Sep 21, 2011 11:54pm
Quoting PayTheLimit
Odd, the CME is usually pretty quick on any changes...they show 3915/2900....
Then even O-X is adding on. Everybody is scared of the bonds, evidently. Can you check EC while you're there.
  • #16,146
  • Sep 21, 2011 11:55pm Sep 21, 2011 11:55pm
they show 5400/4000 for the Euro..
Look Sharp/Trade Tight
  • #16,147
  • Sep 21, 2011 11:57pm Sep 21, 2011 11:57pm
Okay, Magix is right.

And this concludes another episode in "Margin Requirements for Morons." Tune in tomorrow, when we discuss Milk futures, and debate whether the limit down moooove today should require additional margin going forward.
  • #16,148
  • Sep 22, 2011 12:01am Sep 22, 2011 12:01am
Quoting PayTheLimit
they show 5400/4000 for the Euro..
IB is 5739/4327. Very interesting.

90, huh? That's close enough to 3600 that a hair over there would make me happy and if Frankie gets it going, it might touch over at least. That's where it's going.
  • #16,149
  • Sep 22, 2011 12:01am Sep 22, 2011 12:01am
@ magix...
Look Sharp/Trade Tight
  • #16,150
  • Sep 22, 2011 12:07am Sep 22, 2011 12:07am
Quoting OldQuant

90, huh? That's close enough to 3600 that a hair over there would make me happy and if Frankie gets it going, it might touch over at least. That's where it's going.
perhaps via 24 first however, I'm looking to buy this new low..
Look Sharp/Trade Tight
  • #16,151
  • Sep 22, 2011 12:13am Sep 22, 2011 12:13am
Aw, sh!t. I just bot a EUR future by mistake. I armed a long so I could check the margin, and then went back just now and instead of right clicking to cancel, I left clicked and bought it.

Traded it out. Made 46 bucks the right way: fat fingers and dumb luck.
  • #16,152
  • Sep 22, 2011 12:14am Sep 22, 2011 12:14am
morning,

i see dax will open down and the fed will buy more bonds than expected...

yaaawn, lovelydaay
  • #16,153
  • Sep 22, 2011 12:14am Sep 22, 2011 12:14am
Quoting OldQuant
Aw, sh!t. I just bot a EUR future by mistake. I armed a long so I could check the margin, and then went back just now and instead of right clicking to cancel, I left clicked and bought it.

Traded it out. Made 46 bucks the right way: fat fingers and dumb luck.

Look Sharp/Trade Tight
  • #16,154
  • Sep 22, 2011 12:20am Sep 22, 2011 12:20am
Quoting PayTheLimit
hehe,

quality
  • #16,155
  • Sep 22, 2011 12:25am Sep 22, 2011 12:25am
Quoting Larseg
hehe,

quality
I've done some similar moves, only much more bone headed ones...some of my classics in the old days where trying to paint the last price on globex...globex would show the last best bid or ask as the last price....so say a market was sitting on the low of the day, and was maybe 2 or 3 wide, if I was short, I would constantly offer just above the bid,which many times was mine... for a split second, or use a the fill or kill order...many times I was picked off lol..
Look Sharp/Trade Tight
  • #16,156
  • Sep 22, 2011 12:29am Sep 22, 2011 12:29am
Quoting PayTheLimit
I've done some similar moves, only much more bone headed ones...some of my classics in the old days where trying to paint the last price on globex...globex would show the last best bid or ask as the last price....so say a market was sitting on the low of the day, and was maybe 2 or 3 wide, if I was short, I would constantly offer just above the bid,which many times was mine... for a split second, or use a the fill or kill order...many times I was picked off lol..
There was a guy on the E/U thread that, on Friday, was asking whether he should hold is oil into first notice day on Monday. I didn't respond; everybody needs to take delivery at least once in their life.

It was probably a mini, which cash settles, so it wouldn't have killed him. A real CL, on the other hand, is 90 thousand bucks worth of black gooey stuff. In that case, I would have spoken out.
  • #16,157
  • Sep 22, 2011 12:32am Sep 22, 2011 12:32am
good morning bastards
  • #16,158
  • Sep 22, 2011 12:33am Sep 22, 2011 12:33am
bring on S&P 1133
  • #16,159
  • Sep 22, 2011 12:36am Sep 22, 2011 12:36am
Quoting OldQuant
There was a guy on the E/U thread that, on Friday, was asking whether he should hold is oil into first notice day on Monday. I didn't respond; everybody needs to take delivery at least once in their life.

It was probably a mini, which cash settles, so it wouldn't have killed him. A real CL, on the other hand, is 90 thousand bucks worth of black gooey stuff. In that case, I would have spoken out.
lol, yep, its really the best way to get a good understanding of excactly how much leverage, and how big even a one lot is...funny how when your scalping, 5,000 bushels, doesn't seem like much, but when you actually have to store the stuff...well its bulky..
Look Sharp/Trade Tight
  • #16,160
  • Sep 22, 2011 12:36am Sep 22, 2011 12:36am
Quoting darimik
good morning bastards

Look Sharp/Trade Tight
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