LoL, just making conversation, but cross-overs of any kind are ancient, even thou they do work some of the time.
Update on the Dax NLs I said I would run. I have them for 18 days now, but activity has been poor in light of the festive season, which Europe is rather serious about. Volumes have been at the 1st decile for ages, yesterday things improved, to the 2nd decile. Anyway - OR 0300-0330 EST - 5 As recorded, no Cs. OR 0310-0330 - 6 As recorded, no Cs. I will leave any qualitative assessments until things wake up later this month.
This article is right. This winter has been nuts. It's been a while since we had so many huge warming trends around cold arctic blasts. But you know what I like about natty? The Fed can't do a f*cking thing in this market. Thus all men are equal.
Bass's Hayman Capital Up +24.8% in 2016, Warns of 'Tectonic Shift' in Global Markets Jan 4 2017 | 8:52pm ET Kyle Bass’s Hayman Capital reversed first-half losses in its flagship fund to end last year with a gain of 24.83% due to prescient calls on currencies and bond market developments. The return compares with a roughly 9.5% gain for the S&P 500 in 2016. Bass reportedly shorted currencies including the yen, euro and yuan while also selling the sovereign bonds of the U.S., Japan and several European nations, according to an investor letter. His timing was good; global bond prices plummeted in the final two months of last year, while the U.S. dollar has soared. Bass’s fund was down approximately 10% at the end of 2016’s second quarter, according toTheWall Street Journal, and his AUM had fallen from $2.3 billion in 2014 to around $770 million in June 2016. In the investor letter, Bass also warned of more volatility ahead, saying global markets are at the start of a “tectonic shift” from deflationary expectations to inflationary ones. Complicating matters is the tremendous leverage in place across global economies, which was workable as long as interest rates were low but could become problematic as they rise. “As we enter 2017, we believe enormous macro imbalances are just beginning to unwind,” Bass writes in the letter, which was first seen byYahoo Finance. “We hold a nuanced view…that contemplates higher global inflation, tepid real economic growth and severe imbalances in select Asian financial systems and currency markets.” “The enormity of the apparent disequilibrium is breathtaking, making today a tremendous time to invest,” Bass added. Bass’s Hayman China Opportunities Fund, which launched in July, has reportedly gained nearly 6% since inception as the Chinese currency has weakened. Bass has been bearish on the Chinese banking system for some time, writing in February 2016 that the sector was “the world’s largest macro imbalance.” Bass founded Hayman in 2005 after stints at Bear Stearns and Legg Mason. He rose to prominence for correctly predicting the 2008 subprime crisis, and his macro fund has returned 436.75% since inception (16.7% annualized), according toWall Street Journaldata. In addition to his macro plays, Bass has gained notoriety since 2015 for a “short activist” effort challenging the patents on range of blockbuster drugs owned by various healthcare and biotech companies.
US bonds and gold ripping higher today.....when Bass speaks, the market listens? If he's right, this could be great news for intraday ACDers.
People were writing this guy off earlier this year when his fund was down and China still a going concern. Great comeback. He also bottom picked Oil.
Well, the latest on China I've seen is they are close to the point of having to choose between defending currency or maintaining reserves, i.e. More doom and gloom. I'm hesitant to bet against a country that can do whatever it wants. No Congress or Senate to worry about. Think of how many got burned when Malaysia pegged the currency, imposed capital controls and declared the ringgit non-tradable offshore? China can afford to do it, push comes to shove they will do whatever it takes and they wouldn't care about international opinion. People can largely ignore Malaysia, I doubt the same can be said of China. Look at how the trumpet blaring FB and AAPL execs who tell Western leaders to get lost kow tow to China. http://www.reuters.com/article/us-malaysia-fx-controls-idUSKBN13B0GM?il=0
What's up everyone? Still learning to use ACD better here. In Mark's video with CQG demonstrating his Fisher bars, he actually seems to use the 3-day pivot range for intra-day trading now rather than the previous day pivot. I have been using the previous day one but after someone helped me code a pivot range indicator with variable time periods yesterday I tried out the 3-day and it seems it is often much stronger than the 1-day one. I still trade currencies, I fade failed A-levels by setting a trailing stop once it goes into a slight profit -- it kinda works but maybe there is a better way to do it since noise often takes me out.