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The Really Useless Thread

  • #16,881
  • Sep 22, 2011 11:19pm Sep 22, 2011 11:19pm
Quoting OldQuant
Hey, before anyone notices, I want to quickly tell you the outcome of the bond margin issue. The 2505 margin is a "day trade" margin provided on account-by-account basis, evidently if you give them enough monthly commission and ... and ... blah. It's only in effect during open outcry hours. In Globex hours, it reverts to their assigned margins, which currently is, as determined last night, about 20% higher than exchange min right now.

Normally, I don't bother much with margin, except for after the fact risk management type analysis, or if trying...
When I ran my old trading desk, I used to have informal day trade margins. If I recall, for bonds I charged $1,000, with a stop, out with an MOC..
Look Sharp/Trade Tight
  • #16,882
  • Sep 22, 2011 11:21pm Sep 22, 2011 11:21pm
I don't have a good feel for what the world looks like tonight at all. The ES is particularly strong, the bonds don't mean anything right now, ags and industrials are flat to little down, but Aussie and EUR seem solid to frisky.

I'd still be happier with a EUR position short than long, and have a third of what I want from that rumor spike today, but still would like to load the rest above 36. Anyone have an opinion on the chance of painting 36's over(US)night?
  • #16,883
  • Sep 22, 2011 11:23pm Sep 22, 2011 11:23pm
Quoting PayTheLimit
morning....TGIF bastards..
Oi...sorry I missed your grand entry.

TFIF!

TWSS!

Whudda'ya see...oh he with fresh eyes?
  • #16,884
  • Sep 22, 2011 11:24pm Sep 22, 2011 11:24pm
Quoting kenfen69

...oh he with fresh eyes?
I dont see much yet, slept like crap, waiting for the LO, looking for one solid trade, and calling it a week, das ist the plan...
Look Sharp/Trade Tight
  • #16,885
  • Sep 22, 2011 11:25pm Sep 22, 2011 11:25pm
Quoting OldQuant
Hey, before anyone notices, I want to quickly tell you the outcome of the bond margin issue. The 2505 margin is a "day trade" margin provided on account-by-account basis, evidently if you give them enough monthly commission and ... and ... blah. It's only in effect during open outcry hours. In Globex hours, it reverts to their assigned margins, which currently is, as determined last night, about 20% higher than exchange min right now.

Normally, I don't bother much with margin, except for after the fact risk management type analysis, or if...
That sounds like a bunch of "retaily" garbage...kind of like a "gap."

What say thee...and he...he being PTL. What kind of shite is that?
  • #16,886
  • Sep 22, 2011 11:27pm Sep 22, 2011 11:27pm
Quoting PayTheLimit
When I ran my old trading desk, I used to have informal day trade margins. If I recall, for bonds I charged $1,000, with a stop, out with an MOC..
You bastard!

Ever counter-offered this as an alternative price...



































































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  • #16,887
  • Sep 22, 2011 11:28pm Sep 22, 2011 11:28pm
Quoting OldQuant
I don't have a good feel for what the world looks like tonight at all. The ES is particularly strong, the bonds don't mean anything right now, ags and industrials are flat to little down, but Aussie and EUR seem solid to frisky.

I'd still be happier with a EUR position short than long, and have a third of what I want from that rumor spike today, but still would like to load the rest above 36. Anyone have an opinion on the chance of painting 36's over(US)night?
We bolted a hun or so off daily roll and it isn't typical to not at least test daily roll in some capacity...that being said, it was NY that did the first couple hundred and 30ish to the southside without any of the other players getting a chance to get in at the same levels....

We are sideways right now in a very tight range, I got the M5 saying Sell This Mutha, but the bitch ain't budging...The Hourly says we hit resistance but again, if we hit why no tumble...

Even the M1's in a range this tight don't pay, and believe me, I been trying..

Will have to see what happens when the 200 on M5 gets tested and look for some sorta reaction....if not, all on exodus to daily roll and perhaps even test the bottoms again...

M15 was the line in the sand topside...a true test of the M5 support should be the expectation...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #16,888
  • Sep 22, 2011 11:30pm Sep 22, 2011 11:30pm
Quoting kenfen69
That sounds like a bunch "retaily" garbage...kind of like a "gap."

What say thee...and he...he being PTL. What kind of shite is that?
Day trade margins are fairly typical in the commodity business. I just didn't think IB used them. You still a little bullish on AUD, Ken?
  • #16,889
  • Sep 22, 2011 11:30pm Sep 22, 2011 11:30pm
Quoting OldQuant

I'd still be happier with a EUR position short than long, and have a third of what I want from that rumor spike today, but still would like to load the rest above 36. Anyone have an opinion on the chance of painting 36's over(US)night?

Right now we are in no mans land me thinks. Two areas I eyeing early, above it the 3600 area you mention, 3590 is the mid of the break from fridays highs, and yest high..below watching a little bigger zone, which includes, yesterdays mid range 3492, and the mid of this rally at 3475. I am pretty indifferent as to long or shorts right now, will depend on the PA and candles in those areas...
Look Sharp/Trade Tight
  • #16,890
  • Sep 22, 2011 11:32pm Sep 22, 2011 11:32pm
Quoting PayTheLimit
I dont see much yet, slept like crap, waiting for the LO, looking for one solid trade, and calling it a week, das ist the plan...
Pity on the sleep...hate that!

Good plan on the one trade!

Had a few good ones overnight, myself. Just deciding what to do with them. Under "normal" circumstances, the weekend would have already begun, but...well...you know...not so normal right now.

Part of me says...book'em Dan-o. Part of me says...wait...could be some runners.
  • #16,891
  • Sep 22, 2011 11:33pm Sep 22, 2011 11:33pm
Quoting Magix
Will have to see what happens when the 200 on M5 gets tested and look for some sorta reaction....if not, all on exodus to daily roll and perhaps even test the bottoms again...

M15 was the line in the sand topside...a true test of the M5 support should be the expectation...
Uh, well, there's the test on the M5 200...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #16,892
  • Sep 22, 2011 11:34pm Sep 22, 2011 11:34pm
Quoting Magix
have to see what happens when the 200 on M5 gets tested and look for some sorta reaction.
I'm seeing it at 200m5 right now. Concur? (I never trust my charts to correctly tune up a new ema loaded on).

EDIT: 10-4 your post above mine.
  • #16,893
  • Sep 22, 2011 11:34pm Sep 22, 2011 11:34pm
Quoting kenfen69
That sounds like a bunch "retaily" garbage...kind of like a "gap."

What say thee...and he...he being PTL. What kind of shite is that?
its called fillem and billem margins..I guy with a few grand in his account does you no good if he doesnt trade, gots to get him on the day trade program..
Look Sharp/Trade Tight
  • #16,894
  • Sep 22, 2011 11:38pm Sep 22, 2011 11:38pm
Morning, I see we are back to yesterday.... How nice,
  • #16,895
  • Sep 22, 2011 11:39pm Sep 22, 2011 11:39pm
Quoting OldQuant
Day trade margins are fairly typical in the commodity business. I just didn't think IB used them.
Was just being a wise guy! Sorry Q. Hadn't been in the thread for a while...and then saw a few of my faves knocking about...just went blurting; real useless bastard sort of stuff....I don't think you'd really understand.

Quoting OldQuant
You still a little bullish on AUD, Ken?
Still holding four of them. They may take them at will...

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  • #16,896
  • Sep 22, 2011 11:42pm Sep 22, 2011 11:42pm
Quoting OldQuant
I'm seeing it at 200m5 right now. Concur? (I never trust my charts to correctly tune up a new ema loaded on).

EDIT: 10-4 your post above mine.
I only caught 20 on 2 facking trades...

Really gotta be more attentive to trades, maybe not as much on replies...

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #16,897
  • Sep 22, 2011 11:42pm Sep 22, 2011 11:42pm
Quoting PayTheLimit
gots to get him on the day trade program..
Especially now with commish what it is. I pay 1.43 all-in for a bond. Time was that would have been well over ten.
  • #16,898
  • Sep 22, 2011 11:43pm Sep 22, 2011 11:43pm
Quoting PayTheLimit
its called fillem and billem margins..I guy with a few grand in his account does you no good if he doesnt trade, gots to get him on the day trade program..
Makes perfect sense!

It was just that last night...it seemed like something very, very heavy was going on when you guys were discussing it. Sounded like there were all types of "squeeze" about to be inflicted.
  • #16,899
  • Sep 22, 2011 11:44pm Sep 22, 2011 11:44pm
Quoting kenfen69
Sorry Q.
Jes cool, mahn.
  • #16,900
  • Sep 22, 2011 11:45pm Sep 22, 2011 11:45pm
Quoting OldQuant
Especially now with commish what it is. I pay 1.43 all-in for a bond. Time was that would have been well over ten.
Yea, and then some. I think when I left the desk, we where chargin 20 bucks round turn, with fees...that shit adds up when your shredding yourself...
Look Sharp/Trade Tight
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