this bear is quite strong.
missed the run, what a waste, If only I was customer of gold man, I could have got the info early, no?
Now I stay a bull, by the road, watching a bear charge, while shiting.
Hi, I have been silently viewing the thread for the last couple of months now and it is exceptionally intruiging. I never knew one could trade FX the way fti does.. the fibonacci sequence for MM is something new and somewhat amazing actually.. I have been unsuccessfully trying to implement it into my daily trading... due to imposed limits by my institution.. however I dare say, that the education and revelation that you are being afforded here publicly and for FREE! is not even given to most of us in institutons anymore...
Well, I just wanted...
Hi 12.
Thanks for show hand.
Sometimes, the rooms are headed by the new era boys, who may not had understudy their bosses and have different MO. If they don't have the skills, then its because they didn't do their homework,or their predecessors felt uncompelled to pass on the tech , due to personal reasons.
Welcome, do help us with some market feel if suits.
The world's financial crisis is over? ZEW is much better than expected and it is more than 40, a figure of booming economic cycle! Last week, the German's and French industrial output is negative, worse than expected, and ZEW expeted a 44.8?
ZEW institutions are idiots!
David, most times things are not the way it seems.
This is due to strategies at work.
Remember, deception is most powerful in battlefield.
Humility, observation, focus, is much more useful than over confidence.
u dont have to buy a new pc just to add 1 more broker ,
can have one pc with 4 monitors (2 graphic cards) , much easier to control everything under 1 keyboard n mouse ...
maheswara,
would you stay in a house built on one stilt?
If it was all on one system, something crashes, and you will be paralysed.
Moreover having more systems around, affords me necessary backup of everything, of course baring that all crash at the sametime.
Just to share this, hope that it is useful to some.
Synergy: Sharing your keyboard and mouse
I have been using this software that enable me controlling two PCs with one set of keyboard and mouse. It works very well and I don't have to add additional hardware. What's more, is the software is free, and very well behave. So far I have yet to encounter any problem after months of usage.
By the way looking at cable , she had done outsideday range.
When she slides below, all hell may break loose, be aware.
very intersting day today ,
much elephants fighting.
Much blood letting too.
My platform said "light chatter of CB sales atop 1.3900 earlier still aired."
For your reference, of course it could be a rumor.
Ah no wonder, I felt someone was suckering the selling of usd , and keep getting whacked.
So Cb on top.
Getting sneaky, or am I getting so very rusty.
Thanks David for info.
IT show are manned by kids looking for quick turnover. Customer service is their least concern. Don't blame them because of their age and IT show is a WAR!!
yes, you are correct.
The ways of temp help, putting their brand & reputation on the line.
A quick buck and no goodwill.
The ways of the new world, I guess.
For me it looks like prostitution.
Makes for bad corp policy, at least for me.
I hope you were all nimble on this rollercoaster day. The eu behaved like a wildchild, and seems she still hasn't run out of gas.
Zoran, I think your screens are going to give me nightmares. My kids are always swapping mine around (I only have 2) under windows settings, so if I need to go to the right screen, i must move mouse left, and to go to left screen the mouse has to go right. Takes a lot of concentration. They tell me its braintraining, but til I figured out how to reset it in windows, it was torture to my...
Hi DutchAngel,
Except for a retreated attack seqence. I am sitting here, wondering which elephant will tumble.
Had been mostly immobilised by the shs mindset, not nimble at all. Very affected by the rigidity.
your daughters running tech circles, around you. Yeah thats their niche on us oldies.
fti, my account is better off than when I woke up this morning, but i did give some of todays profits back to the market. Ahh well, tomorrow we do better.
regards
yeah , those words.
Always a better tomorrow.
Run away today, to fight again another day.
Brain training is good! I was thinking I need some today when I went upstairs to do something very important and then forgot what it was! Unfortunately being busy doesn't help.
you are getting old, my friend. Signs of redundancy., just like me.
You see, when you are old your blood thickens, and this happens.
sorry that I cannot post too much, too busy,now arbitraging bro kers as well.
time to weed out the pain the butts.
so beware some bro kers may go wi de/
This flip was good one.
Did 4 , level 3 attacks as still not in shape yet.
of ousrse wished it was level 5 now.
However I an happy with the profits.
regards
Proved something as well on the ECN front,
Always felt the brokrs were shading me,
so i spread arbitrage positions around 3 of them.
And as I consolidated athe attack on one broker.
and took profits spread out amongst 3, they didn't shaded me except one,
who keep quoting wide. The ones on fixed spreads got clobbered.
I forsee margining may become a problem, on my normal sizes, as I will have to fund 3 times more money. As i cannot tell which bro kers I liquidate with. And I gave away a couple of pips to square the positions out. This time is lucky that the first 2 attacks were back to back.
by the 3 attack the positions began to get messy, by the 4th,
I was chosing brok er exposed more than price for liquidation.
I am however happy with the feel that my positionswere stealth from them. This is first attempt, so it cannot be conclusive, I like the feel, so will continue the experiment.
FTI, I have a quick question I've been meaning to ask you for a while now. You posted a piano and violin piece some time ago that I believe you said cost 9 million to produce. It's such a beautiful song; I was wondering if you could provide me with its name. Thanks so much for all you have given.
FTI, I have a quick question I've been meaning to ask you for a while now. You posted a piano and violin piece some time ago that I believe you said cost 9 million to produce. It's such a beautiful song; I was wondering if you could provide me with its name. Thanks so much for all you have given.
Song Title : 忘記他(Forget him/her) on the Stradivari1703, Hong YingHo (violinist) from the album Timbre Us$8800000
Although I've been learning AOW for 6 months, but these 2 weeks watching your trading on real time is a great experience for me.
You know, in the early morning, your attack on the short side, that 2 big red candle, I never dare short them because it's too low. Then, when the world flip over, even if I see it clearly, I dare not flip... I had my fingers on the mouse but didn't do it. You flipped up, as nimble as cat... can't believe you are an old grandpa
Thanks,imjscn, such kind words.
You will get there too. Stay to basics, practise, practise an practise.
Fed man Warsh said this morning that they are not worried about deflation now, and they feel comfortable about inflation. News translated it like this-- "no need to change policy in either direction".
I remember that little nimble flea ....
Nimbleness is trump ....
It is something about the flow. Could not resist, when the momentum was starting to increase on my very short term chart ...
Problem is that I'm not able/trained to see these elephants.
So all I have is my feeling of PA
and the usage of Foreign Capital of course ...
Yeah, that was one nimble flea, I remember him too.
Don't feel inadequate, no ones born with skills.
Takes some time and experience to polish learned skills.
Be patient and kind to oneself.
That's an interesting setup. I would imagine you could direct the program to broadcast the keystrokes to the separate Mio IP addresses of each computer, if you trusted them with that information. Latency/lag time might also be an issue then. Otherwise you are correct, probably the best way would be to get a router that you could connect to locally, then all the information would be shared only on your internal network, so it would be safe as long as none of your machines are compromised.
Well received and Understood, thanks usw.
I think best to leave all the comps as individuals, rather than have them in one basket, wouldn't you agree. Moreover they are assigned specific task and do not need to communicate with each other, moreover if they needed to it can be done thru their individual ip adresses.
yes, and on 2 isps for backup, in case one isp poops. One phone is on digital while another is on analog, also for backup.but in case of countyr wide line down, then I use line to above and pray.
so each comp is connected to seperate isps ?
u can get a switch which connects all ur comp into lan ...
yeah, got household network and trading network.
they are paired 4X4, some sytems are workstations some are higher end. Still got my apple 2e, but that chaps dust trap only, just like me, retired from active service.
If I connect all to a LAN, then if LAN poops, I will have a rewiring nightmare. Its better to have dedicated systems. The Mio can WiFi, but I only allow wifi for PSPs, No notebook allowed. Sorry very mindset.
So even hackers won't know where to go. sometimes even myself.
If one out of service , I go to the other.
Trading computers have 1 function, no other programs, exception anti virus protection and don't get surfed on the net.
yeah, good mind.
Surfing done on family comp. They can hack that ones as much as they like. Full of Junk to keep them busy for years. This the one I am on now.
If your 2 isps share the same international network gateway, it still has a potential problem, if the gateway is down, or submarine cables is disconnetced.
Yes, true, then I plug via satallite to God, I pray.
Quote:
Originally Posted by Green_David
You said you have an anolog phone? It is impossible. All phones are digital now.
Maybe I used wrong term.
One phone is on direct to the phone plug. Others are plugged to curcuit to mio. If power supply poops, only the one to the phone plug works. Power supply poops. mio sleeps. Thank goodness the power supply here is very reliable. Even half hour interuption, they give 3 days advance notice.
ah yeah , gonna buy that next for the set , always useful ...
I use to manage a gaming cafe , we built our own ups set using car batteries , 16 of them for the whole cafe , once battery leakage happened , whole floor was filled with acid n it was charged electrostatically , nightmare it was ... ah good old college days ...
@fti ,
lol no , I sit in one corner la , cant get disturbed while trading , also doubt gals get impressed with trader tag
Aaii, very resourceful youngman,
Make good your entrepreneurship.
Just loggin and saw you question on Synergy. Other has already answered that question: it works on LAN connected computers. Not WAN.
It just try to reduce the numbers of keyboard and mouse on your table top (this can be confusing if you are running 2 or more PCs) and save some table top space. No backup capability.
By the way:
Changed the music that I'm listening to from "Smooth Jazz"
to "Psy Trance" to keep my brain alerted ...
So far it is working -
Not sure if there is enough momentum to test the 9500 level today.
At first we have to break the 9550 arae I think.
Let's see what the lady is planning for us ...
Woke up for a leak. Only yen moving the rest flogging dead horse.
in my opinion, the ecomomic woes stamps from managers at higher levels who do not understand their job description and tasks. A generation of managers who lack experience to tap on, but armed only by academic excellence. This caused the foundational problems, one of which you are witnessing now. Surely the advisors who crafted this does not have deep understanding of the problems and are addressing this only on the crest only.
The real horse that pushed the economy into the depression that the us is in ,was the monetary policy mismanagement, as the chairman had declared , that he over reacted to certain market rioting causing run away infaltion that burst the bubble.
But the real problem existed at a deeper and more wide spread cancer of unchecked corrupt practises on the ground.
What the administration is attempting to address is the excessive risk appetite of financial institutions, forgetting that risk is inevitable for growth and industrial dvelopment, and therefore such actions to curb participation in the speculative risk undertaking also dampens the ability of said risk to be hedged. The result of wich would be stunted growth due to risk adversity.
The real cancer of which the adminstration is missing is that, the horse that pushed the cart over the cliff, was excessive and uncollateralised lending. There are two cancers strains. One is that the financial institutions have risk model of lending. But the heavy weighted component is asset valuation, and if such was corruptly inflated, then the model would fail. So that problem was VALUATION at the core.
The other is blatant policies in "clean" uncollateralised lending. Well if you understand whatwill happen if you lend money , to people , who either have no means to repay you, or has no intension of repayment. You would already understand the corrupt action.
To introduce more laws and by-laws to curb financial risk abilities,just goes against the grains of free markets system. Bwtter to allow offenders who violate prudent banking and financial in-house best risk practises to pay the price and learn from their folly , than to impose operating boundaries,,for them, and in the process robbing them the ability to think prudently. Anyway financial institution captains have no business where they are, if they are unable to think and carry to best practises. LOSSES, is their best teacher. Moreover their in-house best practises guidelines had evolved thru out the banking history, there is heaps of experience in there. Always if you look at the problem squarely, its the people and not the practise at the core of fault.
There is no, more efficient vehicles to risk managing than free markets. Hand cuffing the swimmers that participates in the swim, only supresses their ability and in the process encourages ............. you tell me..
I agree with you:
There is no stronger concept
than the responsible handled freedom.
By the way: Do you have any scout out there in the market?
Hi MaMood,
Nope, no scouts out, but I keep getting interupted in sleep.
Made good $$ today already. Don't know why, Since returning from the "holiday". Things seem to take longer to settle to norms again.
Maybe becoming market junkie. trying to get into form.
I see what I missed in the run, Our option writers , they got a big piece of the premium pie today. Anyways their battle isn't over yet for a long shot. Any info on what tenure the 13700puts were sold for and at what premiums?
Anyone. I am lazy to check. Ah ya , I detected that nowadays I seem a litte lazy to go for things.
Tires easily, symptoms of ?
For now music meditation again, for a little time.
Jasmine Flowers
I lost the Battle i lost 5% of my equity ... THIS IS A HARD rule i follow...though if i waited 10 more minutes i would have breakeven...
i am taking break for 2 days and will be back on Sunday trading...
Thihngs to clear: last 3 times i was doing rescue so i had no idea where market was... need to see how i check my BIAS... i guess i am not Listening to charts... Today rescue were good till like last (before the last rescue my % loss was only 1.5%) 30 pips which i used for heavy rescue and damn that took me out...
Problem is...
Hi indianguyinny,
I am hearing you,it hurts.
Today isn't an easy trading day for many.
You have to have enough experience to detect the break variance. To day is one of those days where the difference between suceess and failure is a very thin line.
Like you realised you had to be listening and focus to survive. However, your MM limit discipline save your behind. Ask a novice , many accounts probably were blown to smitterines, today.
You will have nightmares of your emotional state today.
Its a good idea, to lay off for a while and let this sink in. Next time you will identify it , if it ever comes your way again. Makes for good discipline training. Now you understand, why the focus and MM discipline will be so important for your long term survival.Never be complacient in markets, and never force. You should never attack or rescue too strongly unless you have foreign cap to do so. So start small . and build again. do the ants work.
For Now go be kind to yourself, and the girls too.
Good afternoon,
Haven't had my coffee yet.
saw some usd strength, and remembered this level.
seems still in play, so scout is on recee.
Should be interesting day, so be focused.
This level should be somewhere near the end of abc retrace wave, otherwise it is the spring leg of a big upwave, so be nimble as well.
All my scouts are at home and drinking coffee.
Have not made any decision about my first dancing steps so far.
At the moment I tend to USDJPY long ...
But will wait a little longer ....
preparing attack.
That option writer seems to know his stuff, or he is very BIG.
for now he's the friendly elephant. Hope he doesn't poop on me.
A little behind him.
Dealers are trying to cap at current level with option expires noted at NY cut around GMT14:00, but bigger stoploss are seen around 1.4.
On the downside, deepest buyers are seen at 1.3900
Thanks,imjscn, suspected the ducks above, lets see if the dam will break, should at least sweep to check.
if you draw a descending trendline in the hourly E/U chart from the wick at june 11 down to the sideways movement of the late newyork and asian session it fits, the levels are being respected too. lets see what london traders bring in. any thoughts?
If I drew that line, I probably not daretake this trade .
Maybe buy above 1.4025. If you are planning that , wait, I will sell to you there.
Cha cha - great idea. Better than doing goosestep for my scout.
Don't get dizzy now, lady dancer spins, I'll just wiggle and walk about.
while the rest of the guys google and get some grub. and MaMood is drooling from his mouth.
He is doing fine, still managing to put up with me. Noticed that he has become a bit gunshy of shopping trips these days, cos he claims shopping with three women (daughters and me) would drive a normal man insane.
Well, giving him your credit/debit card, would solve the problem in a jiffy.
otherwise bring along a lady friend, sure will bring out the gentleman in a pop.
Was riding down from 9605 to the 70's and had to flip after the release of the much than expected PhillyFed Index and Mr Geithner's comments.
No poop, but mid sized profits.
So far so good ...
What will my lady do next?
Up - down - Cha-Cha-Cha
Hi All,
How's the going?
Sorry haven't been around a a couple.
Had some ironing out some issues with some hard head retail brok ers.
Seems they using every trick up their sleeves to block people arbitrageing the prices. Well they didn't count on anyone could screw them.
What they think people don'ytknow how to cal overnight swaps. trying to screw me there.
Like I said if they annot take the heat, stay out.
hahaha, i could only wish.
Look ive got many more years to burn, esp when fti is expecting the timeline of current career to ecclipse his previous one. hahaha!
Ai jest,
hear you making a bomb of cash?
better save up, cigs on you., remember? we are taking "container" load
Like I said bcareful, big fat usd bull seems to be on his way.
and with a big bull comes loads of the shit as well.
Aaiiii, don't say like that.
Sick to have to threaten to stop them shaving pips of the arbitrages. Their hair cut for admin is already good income,. These people, really trying to squeeze blood out of stone.
Anyway the loss is their own.
No Lesson, just to check, so that they know that not all retail are sleeping.
don't know, be careful, load of the s , is gonna come in this fight.
for me "ops market garden " is airborne.
You may like to do "Battle of bulges", but make sure the bulge is in the right position. Remember your MM strategies.
Sorry I didnt take any position, coz I scared the battle might go into over time mode especially at this time. I am not good at pro-longed wars.
still keeping my eyes outfor the long leggy girls,but seems only watching bow legged ladies running around giving the eagles a hard time.
Running out of leg space now, may have to run away to fight another day.
Now keeping some behind enemy lines just in case , she shows.
I have lots of rations(coffee) to last this fight.
Todays, performance is mission critical for the things that may come. But the dance dictates.
regards
To be honest the coiling action is giving me the jitterbugs.
But I gotta see if the leggies will show.
Maybe , comes late, only for the patient, and willed.
As it stands , the odds are in my favour, for now.
wished I could join you sir, but I need to stick to my schedule, my yield curve has strong correlation with my sleep curve. I want to watch that japanese baby but my body is rejecting. Trading was like cat and mouse for me the whole day.
Goodnight mr fti, c you in a few hours time.
GOD bless
mark
10 4
Don't get numbed like me.
I am hard core. CU London zone.
i do not know if i understand... i was thinking to trade usd-aud short and collect interest from my favorite broker and open a "non-interest" broker account and go long aussie with same lotsize....
is this calling overnight swap???
? was planning to try this on a demo account.
kind greets
At the yields this days, swap dn't matter.
Its negative yield after the hair cuts.
deciding factor MUST be the dance.
No other way, my friend.
But of course if you were arbitraging, then cost of carry must be factored in.
Like they say, after its gone thru the banks calculus,after that ,even the grass can't grow.
regards
Hey long cool woman in black dresses , are you gonna show?
during twinlight?
No,j-pax, swap pips are the interest rates differencial you get or pay for short rate carrys depending on the yield differentials. Rates do not play a part unless you carry positions over. Carry could be for long spans if you arbitrage prices. unless you have the opportunity to unwind your hedges intraday. For spot positions the focus is on the "tom next"(tomorrow to the next day) for marking to markets. Short rates can be extremely volitile depending on the yield humps. If your MO is spot, don't worry too much about it.
To get a handle on how this works, you have to understand Money market operations.
i don't know how to arbitrage. only know it was a mysterious (to me) game george soros played..... your 3kngdms sound like a way of arbitrage to me
i was thinking retail carry trade because sometimes i collect more interest than i gain with my dancing..... this does mean i have to improve my dancing i guess...
thank you for your guidance
Yes your ability to dance determines your "face"(directional exposure risk). Sometimes you are accorded +ve carry opportunities. Then you should make haste to gain from both the position risk as well as get interest differential gain for carrying the exposures over the international dateline(GMT)
. Otherwise if the trade is negetive carry , you try manipulate the exposure to zero interest carry. But for the rates now, carry will aways be negative after bro ker hair cut.So It is unlikely to experience +ve carry, even for exotic currencies. So your "face" risk gain is of paramount importance to book health.
Ai ya , teasing moves.
Squared to fight another day.
Since I am up,will monitor todays closing performance. Like I said mission critical for the dances ahead.Sets the MO & MM bias possibilities.
Since coming out of the Xpanding wedge, had triple flagged, on short charts. Beaware, BIG opportunities awaits. With right tempo into the impulses , it can be extremely rewarding. But of course the dance still dictates.
Note that this is happening on a big picture daily shs. The flags are on your right shoulder.
thank you for once again destroying one of my dreams/ illusions.... that's why i am still around your thread. one of these is :"there must be an easy way"..... you say: NO and i believe you.
time for bed now
kind greetings
Sorry to destroy your dreams.
You see at banks, there is a whole section(desk) looking out for swap(interest rates) advantage. And another larger section watching forex risk. It is not easy for a lone trader to compete, unless very experience and handling a large portfolio.
I had see "ocassionally", overnight rates of exotic currencies,as high as 300%pa, it is rare, but much opportunities of much lesser magnitude exist in markets on day to day operation. Unfortunately, access is difficult for retail players,mostly this for interbank and corp plays.
Hi everyone, been a long day of marching across a mine field. My mine detector was working so it was a positive day with a few pips. Hope you all are trading well. Time for a rest and then back at it for London. May not be around for a few days but may check back later. Not sure of trends lately so working some charts in both directions and jumping in when it makes sense.
Hi GEfx, You survived the minefields.
The thing is that we are at the apex of a triangle on the horly and the short chart is sitting on the triple support.
Tokyo's play seems critical. If what I am expecting comes, London may be too late to get into the flow of things. BUT thats alot of ifs.
All I can say is that Tokyo seems to have much to ponder, and I would be ibclined to believe, the paper orders, will be in the market. If you do have the energies, Tokyo may be very interesting today.
OK, you have talked me in to sitting up with my charts for a while tonight. I agree that something is up and this may really move soon. May I offer you a fresh cup of coffee?
Please to your own energies. I am just thinking aloud.
Thanks 4 morning coffee.
chew on this, for morning prayer before market.
Awesome God.
@indianguyinny,
moment, typing respond......err will respond later in battle mode, sorry.
I load up all the kingdoms eveyday. Sometimes they explains why this or that move, who is the mover. But many times they chop my mind. Maybe I'll need to clean a bit my radar screen.
yeap, too much historical perspective can throw one off he horse sometimes or get over confident.
when you think you know, screws up the "feel"
Oh, my friend, make no mistake.
God created you, gave you free will.
You create your life, so you actually create your own illusions.
God watches and enjoy watching you deal with your own creation and what those around you creates for you. No?
who told you that, im still brick and mortars lah.
container load? You writing cancer all over the wall buddy hahaha, btw my dad's upgraded from neuclear to radio theraphy now. No, he has to take both, isnt that great...dammit.
Lusan, why dun you just move you office to ur bedroom or you bedroom to ur office. lol! either works. muahahaha.
i think aiyahmarklah knocked himself out today, man he slept late, fti, ur bad influence.
So, you wanna tell us where've uve been these past few months or do we have to force it...
,moving his bed , would be a problem jest, he has to convince his other half first that trading is a good thing. And the only way to be assured of positive results is to lavish her with his c card, Have you done so, Lusan?
Must be generous with winnings, you KNOW !
Moreover his FOCUS, may be distracted............
I guess must be slow for you.. so thought to ask my question...
yesterday i did trading and i again made .2%..... my max bandwidth to trade is asia session next day i ahve office full time job....
I guess either i limit my daily loss to 1% or increase my earnings...
Recent 5% loss will take 25 days to recover... its making me confused...
I dont want to take a decision in haste but but but.... i guess way you trade is chaos but from top chaos is of highest order of orderance...
This is just making me think thats all.......
Oh before I shut down.
indianguyinny,you are going about the MM , all wrong.
Firstly, about time constrain, sure I understand you have a job , so market access must be controlled for your health, mostly non accessed when you are focused elsewhere. On that I cannot help you. you see, you have to decide how to split the time pie, and when you have done so , you have to take whatever she gives you within that constrain.
Most importantly , about the MM. You are formulating it from ROI point of view.That's bad mindset, will creates much problems for you. I encourage you to trade from the smallest that is posible for you. And slowly climb up the size chart, only when you are consistently profitable and comfortable with exposure, as well as experience.
As your resources may be limited. You may have to undertake a little more risk of ruin, initially. As the profit in book grows consistently , this risk of ruin , will become less and less. NEVER up size without consistency in your profitabilty, you should slowly build, as she will teach you much lesson, and as your experience climbs up your learning curve, then your survival factor becomes non issue.
To rush or shortcircuit the process, is dangerous for your financial health.
Frankly , you are not in any position to think of ROI, yet, esp under your current time pie. Just be happy for every $ that you can get from her.
And regarding your 5% loss misadventure, forget about recovering the money, remember the lesson that was taught and get on with the dance. If you dance well it will all come back. I am glad you recovered 2% already but trying to rush it all back , it will only make you liable to more mistakes., could be costly.
Ai Ya seems Euroland is wasting time holding to bled the usd bulls to death. I am going to get early dinner. No point watching paint dry.Maybe action at NY.
It doesn't look like a USD bear to me. eurgbp is skyrockting and eurjpy bounced off low. Seems it's not USD weakness... our eurusd is controlled by cross pairs for the moment.
News said buy USD AND JPY seems works
imjscn,
crosses move as a consequence of spot majors movements, not the other way round.
If crosses control the spots majors, then they would be quoted finer that the spots majors.
Home Sales data is not leaked out yet, but news said it's the Europeans realized that equity had stopped falling.
Plus, I remember yesterday Trichet was quite hawkish about the ECB's actions in the past. He said that the ECB policy action has been "very bold", that the policy environment is difficult, and that the bank is looking for economic growth to resume in 2010.
Hi, who are "the Europeans" and how did they come to the realisation.
and if chet used the words resume, he means the eco will hit shit, as it had done. "RESUME"
you should stop reading these cow dung releases.
vague and assuming.
hey imjscn, would trichet's comments would be good for euro??.... on cnbc i saw talk about europa lagging behind and rates could be cut.
but these are americans talking....
the EU move today could be because ECB will do no more rate cutting???
i don't realy watch fundamentals but i like to watch the tipsters on tv sometimes.....
hope many ride the EU trend.... i did not
and here's s tip from fti, listen carefully.
If the market doesn't go up it will go down.
if the market didn't go down as well, it is likely in a congestion.
And next century will be better than the last.
regards
if next century is not , than come tell me about it, next century.
I am just jesting.
this is known as saying a bunch of nothings.
Yes, Sir, they are confusing most of the time. But you know, it's human nature-- the curiosity.... when I bought the first higher lop, I was curious to know who was the smart ass that bought the lowest lop
Just a quick stop by between trades to see how everyone is doing this fine trading day. Was long the E/$ early, then shorted the E/J shortly after Housing data in US. Now tracking the G/$ for a long, but waiting a bit on that one. Been a busy day so far. May swing back later to check in, and hope you are all trading well. OK, in the G/$ at 1.6337, so back to work!
PS: Have covered this trade for 0 profit if it does not run now.
Edit a few minutes later: out with 0. Oh well...
well mu day wasn't so productive.
Was disturbed by bias and couldn't ride the moves, just managed to catch 20-25 pockets of long the Eur.
Somehow something's affecting the mindset. couldn't see the bear as strong as she came.
sending myself for basic mindset repair.
basically was too bias bull dollars. danced with 2 left feet.
btw where your mindset repair workshop...might need it
in my head,mark, in my head.
reduce size and going back to basics.
the shs is affecting my effectiveness.
gotta deal with the bias monster thats subcounciously affecting my nimbleness.
Maybe the super performance before the holiday could be a contributing factor, as well. I can feel it todays trades. couldn't ride. reverting to bias and giving good money away. After correcting stance, still couldn't ride.
So I gotta go find myself again.
I am becoming dangerous for myself, off the desk for a little.
fti is UNDER REPAIR.
regards
PS Today after the figs, would have been a sail. But the mindset impaired performance. what a waste.
Hi, I had a similar conversation two weeks ago with Auxesis, so perhaps we should call him for a continuation of the discussion on E/D trend. At that time he was going south (4H) and I was north (day). He has been winning, but today may be a different story. I have been cheating going both ways (bi-directional?). My vote is this: trend is north, the movement south the last few weeks has formed this really nice flag that was breached today. Tomorrow is the main event, where Big Ben may help settle this discussion. I am not going to throw out a bunch...
Hi GEfx,
No problem, not to worry about it.
Wished the people here spoke more.
then at least I know , where they're at on the curve.
still under repair.
will revert after satisfactorily aligned.
beaware of lots happening at NY session tonite, the calendar's full.
From my episode recently, I hope the people here can understand, how difficult things can get, if
you lose your humility and allow egor and bias works together against you.
believe that you are too smart and she will throw you a curve ball that can take you head off.
yield to exuberance and it will dull your feel sense and numb your trigger finger.
AND, it doesn't matter who you are, even if you have mastered it all, be careless and unfocused and the scorpions within you surfaces. If it happens , do not allow a loss book to alert you to it. Detect early, and you can set it right again.
Do not be surprised that , a new car or girlfriend, even small events in your life , can just throw you off the wagon. Nic was a good trader, but when he startedthrowing beer mugs at mirrors, the dye was cast.
mr fti, just some thoughts, could it be the change of enviroment ? As you come from big offices with quote screens all over the place. Just curious, hows the transition for you ?
it was my long holiday, lots happened good and bad, micky passed on and other stuff, friend's betrayal............now I have to find myself again.
transition from dealing was non issue, as i went up the corp ladder , I slowly moved from active market making to managerial and training of clones. The last 5 years before i retired, i enjoyed the exuberance of my ceo position at the bank's trading subsidiary. In fact my thoughts were that I would never be using my market skills again, until the retail forex surfaced. no way, would i risk , the nested eggs I had saved over the years for the family and retirement. But here we are, the retail game had given me a second wind, now I have best of both, the eggs and the game.
and you haven't understood the thread in its entirety.
I can tell, probably some here can too.
you mentioned arbitrage and i was wondering did you mean difference in price feeds from different brokers???
yesteday evening i had set my higher TF 5m. MT4 and trading TF 30 sec. on my broker and i clearly saw MT4 was a fraction faster.
i heard people are banned from their broker for using this advantage but i am going to check this out some more anyway.....
i trade 100$ lots so i should be under the radar....
i hope you get your "feel" back soon
yes,j=pax
arbitrage is to scalp, the price difference between the OTC accesses. Mostly they are out of line.
This is very cap intensive here, unlike in spot cash settlement unwinds it all.
And they block you due to that you do not get the swap dues because of haircut and the charge for financing.
Not profitable enough for the trouble. at least not yet.
At mom, I am still unwinding much of the arbi.
is the price not always efficient in spot fxmarket???.... .
yes, j-pax
OTC spot prices are all over the place, within a tolerance band. Prices from different zones and locations, skew towards its own book and order leans. Thats why there is much arbitrage in the spot.
And there is no way, that you are trading on spot prices, you are absolutely unmarketable. Minimun ticket is 2 million USD.
What is likely is that you are trading some computers,tracking certain mmakers , with some programmed algorithms.
If I had a computer doing it, I would most certainly incorporate ,some account behavioural learning modules to track and lean the customers book as well.
You gave me a feeling that you found new life in the retail game.
You are right that I don't understand the thread in its entirety probably even lesser. I followed your postings since inception and probably seriously read through it only 1.5 times. I am not looking for a fix (I am not trade broken), the advise laid down by you shed a lot of light for me and I felt a higher level of understanding and you have put a lot of things into proper perspective for me. I have you to thank for that.
Outside this thread, I am mostly just keeping myself...
nice flag forming, don't you think?
need some flow, to complete the picture.
any small thing can bring out the scorpion inside ,
my solution when such thing is detected , is to close my current acc , and open my small 100 dollars account ...
I had fought against the scorpion with all might , but it keeps coming back , rather than fighting it , I let it do its own thing in an insubstantial way
to eliminate the scorpion fully is impossible to me ...
ah looks like gbp is easier to go long with , so sad Im rather inexperienced with her , had only used her to hedge my euro position ...
Hey maheswara,
Thats one solution.
Becareful behind that is another scorpion, inferiority complex from discontentment, if you missed capitalising a big move. Deal with that need humility and IS.
yes sir ,
that part I understood as well , the solution I have now could be a problem in the future , somehow every solution becomes a problem sooner or later,
but dealing with discontentment is easier than dealing with recklessness cos recklessness hurts the book , and book is the most important thing
do u know that rupiah (indonesian currency) has interest rates at 8% ...
but the volatility band for it is quite high , during the euro move (usd weaken) from 1.3 to 1.4 rupiah moved about 20 percent ...
its normally like that, the higher rates is to compensate for the volitility.
But if you are skillful, can make both girls productive.
market's like pigs herded up and down and round and round. we are now awaiting abattoir to open for culling of dizzy pigs.
and may the force be with you, talk about feelings..huh
You go there and this thread will be classified "loony thread"
Why do you think the markets address market makers as, "those loony bins flying by the pants on their seats"
Who let that frog out???
I don't really mind if that's how they do it as they'll be playing catch up with our behaviour. I mean, if they noticed that every time there was a sharp 20 pip move in a couple of seconds against me, I closed my position in a panic, then hopefully I can learn more quickly than their machines, and stop doing that. In fact it could even work for you. And I guess they can't be too blatant about that sort of thing or our charts would all start to look different to each others.
sure, wait till the algo learns to shade a couple of pips, by reading your blotter, then you will be trading 15 pip spreads instead of the 4 you pay now. This is the reason to have many bro kers. Arbitrage and stealth mode positions as well as contingency market access.
Ok standing by to test repairs soon.
If anyone feels sleepy after listening to forever, then keep yur pips and go get some rest. Remember safety first.rule 1 preservation of cap, rule 2 preservation of cap, rule 3 don't ever forget rule no 1.
Suiting up, ops begins within 30 minutes.
Honour & Glory.
remember FOMC soon, this is kamikaze (divine wind) deployment to feel.
1st test NIMBLENESS, speed, agility
scout deployed s x 13994
Geronimo !, and you are on your own. I gotta focus.
that should not be the question,indianguyinny.
The question is if it moves,
1. are you on the impluse or against.
3. are you prepared to react.
I sense a little frustration and anxiousness , then please square out.
you are becoming dangerous to yourself.
Are you lead dancer or is she. why must she move for you?
So you are master, so you die a thousand frustrations.
FTI how do u manage to flip at very right time....
V
"dead in water scout". now you have to decide, how you want to handle the situation. What do you see? Is rescue opportunity available. Exit plan.
Recap of thoughts.
--------------------
I went short scout 30 for second wave.
it started, but I was slow in attack and missed.
it went to 05-15 zone rebounded fast,
above the 40 i cut the scout loose and flipped for a test.
it went up to test 50/60 . I didn't feel strong impulse, so I took scout out and took a nap 1 hour =+ after Tokyo opened.
I just woke up half and hour ago.
Now the impluse leg is up, BOJ as I expected didn't show.
If anything, Tokyo session had done nothing, its the Euro/London show now.
Still looking for feel and waiting for my coffee.
Gotta take a shower now. When I get out, coffee should be ready.
Now looking from the yen hourly charts, it is evident that some one had been buying usd/yen from since 20 hours ago.
Nothing dramatic, but nevertheless steady buying.
What do you think? It may be MaMood quitely taking her to the dance. but likely stronger hands. Ah and BOJ is too quiet, and don't give me the guilty look. Stealth mode, huh..
3 kings is all out of line. evidence that the crosses had been playing in the garden.
hey Zoran havent spoke to you for a while. Seems that you're still quite busy.
anyway, what works for me in containing the scorpion?
stay away from discussions when trading.
dun let the size and deficits affect you, once it starts affecting your psychological setup...run. its easier said than done, but i think everyone knows the feeling, its when they develop that weary discomfort, you know ur done for.
Since im like most, bounded by time and work commitments, its not easy for me to...
Oh yeah, before I go,
This I discovered about a broker.
when the market is at certain extreme levels,
this broker requotes in nano seconds, when you try to hit them they always comes back with sorry market has moved.
and the freaking market, really hasn't move an inch. Like in today.
If you experience this kind of behaviour, you know that the algo is reading your blotter, I think.
If it was fast markets , I can give them the benifit of the doubt. Today we hardly moved 40 pips range, and the broker behaves like as if I was trading figs. Sure out to scalp me, I think.
One more thing was some others were quoting close to choice prices. This chaps fixed 2 pips spreads.
AND i am closing my account with this ONE, more like a bookie house than a broker.
I make a wild guess at which broker you are referring to, anyway this proves one thing....you are very profitable and are hurting their bottom line.
Goodness, my online, trading is so small, as most of them haven't passed my credit risk test yet. Although I like the way prices are being pumped auto.
Anyways 2 more international brokers just set up shop.
I think we'll not run out of brokers, Just got to find the ligit professional houses.
One tip I have for traders, if ever you close an account with any broker due to issues, NEVER EVER deal with that name again. This way in time we will know who are brokers and who are conish bucket shops.
weird, heard sing is one of the largest center for foreign exchange , right after london ...
maybe strict regulation ...
yes, well regulated in terms of operational risk. Broker credit risk and professionalism still an issue at retail levels. Of course the big boys network is mature, but not accessible for little man.
I am listening to his lord...
and I sense
either a lot of anger
or desperation....
they are treating him like a criminal!
that is really a huge news...l
ook... how the dollar is behaving...
falling like a knife.
....a knife through his lord heart.
I suspect nothing will actually happen...
Master O, GS and other handlers are behind the lord.
He knows that those that ask have also very tinted fingers...
CNBC is defending him...a great show to top lunch time
Now he is much calmer...but with an edge.
Hey...so you cannot watch this opera back in Asia?
in the same breath he said.
“I did not tell Bank of America’s management that the Federal Reserve would take action against the board or management” if they decided to invoke a clause in the acquisition contract in an attempt to stop the deal.
if Bank of America had decided to abandon the deal, it “might have triggered a broader systemic crisis that could well have destabilized Bank of America as well as Merrill Lynch,”
I think he may have just put the noose over his own head.
Hi everyone. Do not mean to sit in the shadows, fti. Been focused on finding a trade, with little success for the last few hours. Been watching Big Ben's grilling. An interesting drama, with Big Ben and Sec. Paulson maybe pointing fingers at each other, and Ken Lewis trying to hold on to his job. Someone is lying and it is difficult to tell who. We need the truth (about a lot of things right now). Big Ben is going to be replaced by Larry Summers so he is toast anyway. Poor guy (Summers, I mean). Anyone in a trade right now?
What trade, there's no market.
They probably are all telling good stories.
I suspect nothing will actually happen...
Master O, GS and other handlers are behind the lord.
He knows that those that ask have also very tinted fingers...
CNBC is defending him...a great show to top lunch time
Now he is much calmer...but with an edge.
Hey...so you cannot watch this opera back in Asia?
nope . refuse to PLAY
OK cnbc can stay in america, come here , i'll spit at them.
and in sg , spitting fine is $1000.00 per pop.
sure can't get a baby in 1 month, guess what you get in 9 months?
Mathematicians , please advise One things for sure, he'll get his hands full.
Ahh... so thats the buffett secret.
Oh, nothing productive in the markets, might as well get some productivity in bed.
Oh, not that,.............................. ................................... ZzzZzzZzzzzz.
[size=3][font=Calibri]Just a note to say thanks to all the contributors to this post and a great Kow Tow to FTI for the insights, time and huge efforts you given to this , you have a truly generous heart....
Thanks for the kind word.
With 20 years trading experience, it would be easy pisy for you to understand. Go get back on track and get your money back, carefully, sir lost a lot. And change your call sign to sir got my money back.
It's strange... Chinese has been talking of another reserve currency for a long time. Why it pop up such a move today.
Russians called for it, China calls for it, Dr M calls for it.
So what?
To create a fictional currency for international trade requires it to have integrity,exchangability and store of value. Find one overnight, you try.
But of course the usd's integrity has been on the table for sometime now.
Coffee, toast salad sandwich for lunch, had too much durians and rambutans yeaterday
and now,
the bear's pulling this bulls tail. Watch and observe.
regards
and women withourt makeup running everywhere... .... just tweaking observation attentiveness...
ee..r, Kobe cow? ah..h sukiyaki, anyone?
so how's your lenses and focus now......... and do not forget to adjust the shuttle speed to compensate the subject (object) speed, don't want smudged images in the minds..
Lets dance !
Th cable cross sweeps can go to ...h
I am staying with usd bulls.
Bad opening book this monday.
Going bull, and the cable crosses can have my durian shit.
otherwise I screwed again, I'm done for the week.
sized flipped at 00
talk about crossing roads safely.
wait for that floor on the cable to crack, then we can hang those crosses asses on the wall. Anytime soon now.
Not much on the financial calender so , watch out for the crosses boys to use the sweeps. Lets see, whose muscles bigger. Remember cable liquidity is thin, let thembuild up the position, then they pay.
I'm using a whole weeks P&L to muscle the position, so becareful of yours.
i think on somedays the market just sucked and on other days, i suck.
i still have much much more to learn.
lets teach bro ker mmakers, what spot market maker are made of.
try unwind this.
common, is that the best you can do?
I was waiting for you there.
common show me.
Short Scout 1.4050
Rescue 1.4065
Current up move is running out of gas ahead of NY open. If NY open against me, I'll bite the bullet, if NY open goes with me, I'd turn this rescue into attack.
your rescue, seems too close in congested illquidity driven Euro rally.
@auxesis,
The liquidity does pan down 2 to 3 weeks ahead of july 4.
the tones are normally USD advantaged. And price spikes tend for usd tends to be sporadic, while markets try to buy cheaper usd to replenish for the big bang. But this is only general tendency. Cyclic tendencies have to relate to the pcture on the ground.
This time , the cross cables seem to be behaving abnormal.
We know that king had mentioned that the uk economies are recovering due to a cheaper stirling. But someone or something wants to test for Iron Lady presence as a resolve. Lets see, generally the CBs had been on top mostly so we are entering watched bands. The persistency of themarket to test and retest these top of bands, is inviting battle.
Personally I had been carrying the view that the cable had been untradable, but if they use the cable to disturb the GBP/Euro relationship as we had been seeing, then they had better be prepared to be taken out.
ugh scorp detected , sizing up too quickly cos performance is under par,
switching account till mind is allright
hope all doin well
maheswara, try not to follow me now, dance to your norm.
I am getting into level 5, so if I rescue , its gonna be big in ratio to my norm. The fact that I may have to invove level 6, is making me hedge accross currencies to weigh the attack heavy if I have to. This requires me to spiral within the spiral to leverage on that the attack, if it comes. The deficit of not having much foreign cap since returning from my holidays is not a plus factor. Therefore I have to impliment te level 6s very carefully. Parts of level 5 is already in positions.
regards
Level 6 can be involked only if the existing positions gets a little in the money.
Otherwise too much may be at stake.
Thanks, Sir! That's one of my scorpion--- I am too anxious to catch the spike. I'll try my best to get rid of this scorpion.
In congestion, once realised, you must space out . outherwise you are snowballing risk in the tight band. Unless you want to commit for bet, for direction run. This can be come unhealthy to your mind stability.
Of course if you are gambler with strong stomach, but it is not encouraged.
US equity futures are all up so my bias is now north on E/$, G/$ and E/Y. Staying nimble, though. Watch the CHF for another round on intervention which could spoil the bias for a while. Interesting day for a Monday.
When us equities are firming, why would you be buying currencies?
When your usds may come to good use in the near. We may just have a us equity run to the runup to july 4.
The factor of heli in trouble, may put the Feds inactive, But really do you believe that he is the Feds. There are people on the ground opreative, even without the snake's head.
Oh no, am not doing anything based on futures. Just observing now. Not committing to anything right now, just working through and commenting on my bias.
ah sir ,
no worries , my dance was on my norm alone , just that in the morning , oanda had prob with the chart , lost my stance and I cut some good money in the morning , sumhow book is a lil positive now but still underpar
didnt try to follow u, I make sure to dance my own dance
im not even sure of ur stance , I think u flipped many times today ... level 6 is big money sir,
in my normal dance , level 6 will mostly have half my army outside ... doesnt happen everyday ...
No,was trapped once, scouted and trapped again .
flipped, attacked and now midst of level 5 spiral on rescue. got most of my men on the field now, big shit stuff.
Only on interbank , off the ecns already.ecn position stays.
If this shit hits the fan, I may be out for at least a week.
ahh talking abt durians, i had so much of it during e hols (u know those durian "tembaga/tembikai" im not sure what its called but the seeds are so small thats its almost all cream)
man, it got so heaty that i started to have sinus mixed in blood, lol!
Durians are yummy! not sure if our western frens here would agree! heh
ya jest, I think they call it the stinky fruit.
ahhh. relaxed, back to level 4.
Ai ya, blood, no worries, drink rino water(threeleg brand)+salt la.
and don't forget to drink water from durian shell. got some funny chemicals there.
A friend on my daughter went on a camping trip to Northern Arizona last year. The friend and her brother decided to wear the same socks for the entire 5 days of camping. On the return trip, their mother came to realize that the kids socks were beyond smelling bad, and they buried the socks somewhere in the high plaines of New Mexico. The mother told me that the only thing she has smelled that was more offensive than her kids socks was a durian. Not sure how good it tasted.
hai ya, king of fruits. also good for marraige. super dupper
@ jest: I'm in short EurUsd. Just deployed 2nd level attack, a bit early, got in overlaped bars again.
Ah ha , counter 10 -13 fti bank(forex at board rates with....free sexy music.)
If yo stay counter 10 or 11 too long , then I can send you counter 13, similar to ward 13(the funnies counter).
Personally Love durians, the best fruit for clearing the mind, a crowded room, or your bowels even.
[color=black][font=Verdana]Just to say I'm all caught up on the thread and will now begin are read of the prime pages to setup my framework for demos.......... my god I have not demo for such a long-time, back when I started we were allowed to print charts twice a day and paper traded, if you stayed late into the night you could have some private time with the...