True, Wag. (a thin market) Making the move much more accentuated on the charts. Didn't need big money really. Just a thinly traded market with some fire power in one direction to get that kind of move. I still think this smacks of BOJ trading since they are players in both bonds and currency markets. Bottom line, I rule out all "leaked info" and "insider trading" theories. Then again... who listens to me. Sam
I didn't know they even had email then. Point being, pages, beepers, IM, email, blah blah blah... there's more than one way to skin a cat Sam
Geo, I don't get it. There's no fluctuation during the 8:28 - 8:30AM time period. Did I get something wrong?
Trader5287 posted Thursdays Time and Sales for YM instead of Fridays. The data for ZN is correct as 4/2/2004. You'll see Sam that ZN went from 114'25 down to 114'00 at 7:28. In fact it traded 25 and then the next trade was 16!! However the market then RALLIED from 114'00 to 114'18 in the time period of 7:28:53 till 7:29:58
"I don't know why you won't face the obvious. Serious action (in the correct direction) in Bonds and ES several minutes before the report means someone knew something." ___ Mecro: I know nothing about bonds (not even what they are); nothing about futures, puts or calls. I do know about trading though. One thing I know regarding "serious action" ... What is considered "serious action" nowadays is different than in the past. The online revolution where a single mouse click can instantly move a billion dollars into execution of a trade... is changing the face of the market. Also, perhaps the reason I don't see this move as such a big deal is because we get them all the time in the forex market. I am used to trading 50 to 100 point spikes. A 200 point spike in 2 seconds is not unusual. If they couldn't deal with it, equity, bonds, futures, mutual fund traders would be eaten in my market. LMAO. If you doubt that, open a live account, make trades and try to survive, let alone never have a losing trade, having only winner trades, like me. ___ "I understand your point, but you make yourself sound like one of those guys that actually believes that NYSE regulations are enforced. Insider trading is huge, thats how the rich stay rich, thats how pompous I-Banks with their sheltered Ivy league pricks manage to make the returns they do. That's how specialists trade, front run and take positions and manage to make millions of dollars. That's how NYSE can afford to pay such luxurious compensation packages. It's a fact, and I, for one, totally accept that insider trading and abuses exist, have existed and will exist. I would take advantage of insider information in a second but not to that extreme degree." ___ It's not whether I believe "corruption" or regulation (of these specific events) does or doesn't exist, it is that I don't give a ****. Nothing causes me to lose. I trade to win and do - no "sly," "questionable" or "insider info" institutional trading effects my structure. Loss is not part of my system. My positions get pounded all the time by shit and I am not concerned what the cause of it is - I could care less, everyone has to make a living and feed their families. I hope they all get "kickbacks" - trading is a hard job and the guys deserve them. The only thing I care about is if someone calls an eldery person up and convinces them to send $20K or $100K to their "firm" when they don't even have a firm. Those are the real crooks. Nothing of that nature effect us as private traders. ___ "This Friday's actions were just out of whack." LMAO, Mecro, EVERYTHING is "out of whack" in the markets lately in case you didn't notice. The whole world is "out of whack." Markets just reflect it. ___ "As with any abuse, there is a limit and once it becomes that blatantly obvious, it is a bad sign for anybody trying to trade/invest with hard work, intelligence and skill." Give me bad news timing all day - I'll take as much as I can get! LOL ___ "Now the real question is whether anything is going to be done about such obvious insider trading." Presumed insider trading. Anyway, Martha Steward's actions could not have caused me to lose, so, as I say, insider trading/bum news announcements/questionable price moves don't concern me. ___ "If nothing is done, it is just a signal for anyone that does not have access to inside info to look for other markets." Good! Come to my market (forex) - we have 100 to 200 point spikes all the time - Yee Haww! ___ "Just like when MMs/specialists pull obvious abuses on traders and then the traders try to complain." I only wish they'd line up and try to abuse me - only, I would not complain, I would turn Kabir (my currency trading system) loose on them and laugh all the way to the bank! ___ "Think of what this says to Joe investor and to the American public." It probably says, "This is a free market - enter at your own risk." The point is, dude, get a grip, deal with it and get over it! Re-wire your trading system to handle it. Shit happens - that's life. Either you win or you don't belong in trading. No one is forcing you to make a trade, you do that. See yah in the forex market Saham
And this is supposed to mean something? *YAWN* Try (successfully) trading a 700 point spike in USD/JPY for two weeks in the "wrong" direction, my friend. When are they gunna move this stupid thread to Chit-Chat? gamalruach
Sigh, well after that comment it's quite obvious you're clueless about US markets. So then your opinion is hard to respect, although you bring up good points. You just do not really understand why traders that deal with this day and day out would be just a bit bothered about such blatant abuse. After all, you are just another self proclaimed ET millionaire that never loses. By the way, if you think you can laugh all the way to the bank trading AGAINST the specialists and MMs, I fucking double dare you to try. You will be penniless in days. There are reasons why traders are migrating away from NYSE & Naz and it definitely isn't because the abuses allow super traders to laugh all the way to the bank. Glad you're trading FOREX, it is definitely the way to go.
some of you guys need to relax here's a clue: if you need to get into pissing contests on an internet trading forum to support your own ego, you are definitely not making enough money off your trading *lol*
News is frontrun all day everyday. Maybe this was a leak, maybe not. Let'em look into who traded and why. I know this, at the horse racetrack, they usually cry fix just when it isn't, and overlook the many times the real fix is in. Could be the same here.
Ok I'm done. I can't argue with a self proclaimed ET millionaire that is 110% profitable in ALL of his trades. Especially when you trade a market that makes great moves 24/7, smth I beg for from NYSE. You are right and everybody else is wrong, bond selling off before the report is just a normal occurence.