Who traded the typhoon? What you trade? Why? How? and How? Profitable?

[Technically Fundamental]

Just curious as to how people with experience react to events like that.

 

[Black Swan]

Just curious as to how people with experience react to events like that.

the trade/s happened on Friday afternoon when the Tapei market didn't open etc., IMHO that explained all the spikes on so many Asian pairs and cable from approx. 1- 2:30. I was in 2 Yen trades at the time that benefitted...(stopped out at usual profit limits)

 

[Hoggums]

I traded the typhoon, It was a whirlwind affair, stormed through my trades but was eventually blown out.

 

[Technically Fundamental]

You didn't strike me as the profit limit type Blackswan!

(I think it best to ignore Hoggums or this might descend into another f*cking pun thread lol)

 

[Technically Fundamental]

Anyone long soy beans and rice?

 

[anley]

These things can be hard to trade because sometimes what you think will happen won't.

For example, in the book by the fella I can't recall (who wrote about working for Salamon Brothers in the late 80s) he said an interesting thing. They were always trying to work out what would happen to the markets if big events happened.

And one of those was the massive Tokyo earthquake which happens about once every 100 years (and right now it's about 20 overdue). Most people would think that Japanese stocks would get crushed but they thought the opposite as all risk had been hedged outside of the country, ie Western Insurance companies will have to pay up, not Japanese.

Whether or not that's true I don't know but interesting nevertheless.

 

[Black Swan]

You didn't strike me as the profit limit type Blackswan!

(I think it best to ignore Hoggums or this might descend into another f*cking pun thread lol)

generally on weekdays, when it's between noon and 2pm, and I'm at the gym