Global Macro Trading Journal

Discussion in 'Journals' started by Daal, Feb 25, 2011.

  1. Darn - I guess the lesson is always check permissions for every product in the world, you never know when a trade might pop up.

    Anyway, I have Euroswiss permissions. Wanna go into more detail on your trade rationale, where you see the contract going, what you'd say the risk is? How much size would you put on, in terms of % account equity per 100 tick move in the contract?

    Also, I note that CHF is now crashing, off 4.5% in 2 days. What an incredibly weak currency! :D
     
    #1071     Aug 11, 2011
  2. To be sure, you wanna buy negative fwd LIBORs, expecting them to go more negative?

    P.S.: Doesn't look like CHF will be crashing for much longer, given what's happening in the mkt right now.
     
    #1072     Aug 11, 2011
  3. Yes, I meant sell!
     
    #1073     Aug 11, 2011
  4. Europe rolling over after up more than 3% this morning. This is getting ridiculous. Reuters says French banks are having their credit lines cut by Asia. SocGen down another 6% after being higher 8%. Sheesh.
     
    #1074     Aug 11, 2011
  5. As I just mentioned, I for sure meant sell, not buy.

    I haven't thought the trade all the way through and the IB permission process will give me some hours to think about it.
     
    #1075     Aug 11, 2011
  6. m22au

    m22au

    at the risk of being over-dramatic - that's your Lehman moment.

    When interbank lending grinds to a halt.
     
    #1076     Aug 11, 2011
  7. Holy shit Europe. Stop the madness.
     
    #1077     Aug 11, 2011
  8. Butterball

    Butterball

    Now following the Sept 2008 script what we'd need would be Sarkozy to come out and pull a Hank Paulson saying BNP & SocGen are not systemic and markets are 'well-prepared'.
     
    #1078     Aug 11, 2011
  9. This is on the back of a story of some Asian banks pulling French banks' lines. Mkt's in a self-reinforcing panic mode here.
     
    #1079     Aug 11, 2011
  10. m22au

    m22au

    correct, and like 2008, the best way to stop the panic (from a politician's point of view) is for governments to provide capital injections.

    Alternatively, the market can quickly take all French banks out very quickly.
     
    #1080     Aug 11, 2011