General Trading Chat

[Somatung]

Dan Bhai! Eu gone back down 1%. Its a volatile day. Thought the Europeans liked it smooth.

Do I look like a smooth guy and I am European. I mean: What ever Euro or any European market does is related to the whole world economy and vice versa in general.

 

[Riskyman]

Do I look like a smooth guy and I am European. I mean: What ever Euro or any European market does is related to the whole world economy and vice versa in general.

Whats your take on the Euro markets in general? Seem headed much lower?
Asking because you live there and you are well placed to judge the state of the economy first hand.

 

[Somatung]

Whats your take on the Euro markets in general? Seem headed much lower?
Asking because you live there and you are well placed to judge the state of the economy first hand.

Have a look at the weekly chart and you know it with out any guarantee that it will be like what is seen. But that should be a clear sign for any chart reader.

 

[Riskyman]

Have a look at the weekly chart and you know it with out any guarantee that it will be like what is seen. But that should be a clear sign for any chart reader.

Now we are indeed going round and round. I ask you for your opinion and you ask me to read the chart. Hahaha :clapping:

 

[Somatung]

Now we are indeed going round and round. I ask you for your opinion and you ask me to read the chart. Hahaha :clapping:

One glance at it and you know it. But of course: SPX is now up and down and up and down. Long straddle atm for now as in the middle of the range as a quick decision.

Now lets concentrate on trades and see you next time.

 

[Somatung]

@Riskyman

I guess you are able to read this screen shot by your self by combining the mentioned long straddle at the time I did. Just one way to trade like many others.

 

[arsh22g]

If anyone follows crude, kindly give your views on why it fell even after US inventories were down by about 5 times the expected increase

 

[Riskyman]

If anyone follows crude, kindly give your views on why it fell even after US inventories were down by about 5 times the expected increase

US inventories is not the only thing that matters. Even if the US inventories are low, you have to remember that US is not lifting enough oil from persian gulf or from WAF. They have their own home grown concoction called shale which is in abundance. Crude is going down on lack of demand which can be attributed to slowing economies world over. Conspiracy theorists will also say that the OPEC is deliberately keeping supply intact to counter US shale producers. Whatever the case is, crude is in a super duper bear grip. Expected bottom is 30 USD as per many analysts. Untill then at least every bounce of a percent or two is a sell.

 

[Somatung]

@Riskyman

If you understood the screen shot then you know, the put is protected and now the call may gives the rest for the day.

It is all individual choice and individual ideas that makes you and me and every body here as we are. :thumb:

 

[Riskyman]

@Riskyman

If you understood the screen shot then you know, the put is protected and now the call may gives the rest for the day.

It is all individual choice and individual ideas that makes you and me and every body here as we are. :thumb:

Dan Bhai, With a long straddle under your belt im hoping that there will be a wild move either ways with abundance of money to fill your pockets.
Good luck man!