i just realise that rumour about market maker in a very2 big currency market is really exist
one question again maybe a silly question
usually for how long ? some one / or some institute / or tier 1 / or dealer utama
to hold buy/sell currency for stabilise his currency
one hour? one day ? or one week ? or one month ?
thanks
regard
suma
It depends on the markets pulse and dance.
Market makers have deep pockets and can hold exposures across zones , but seldom across the day.
I apologize to suma...it was a joke...I meant no harm...I was trying to practice my lousy german.
CU.
One thingy about life is that, althought all are the same, but really, even our fingers in our own hand , there are differences.
Knowledge must transend boundaries of language and cultures, therefore respect is the bond that can hold.
A joke is something that, when presented that all can laugh, and never at others expense.
here is a lesson my father taught me , early in life. It may be useful.
Human emotions are very delicate, like vases. If you are not careful and break it. You may be able to try to glue it together again. But the fault will show, However well it is being repaired, it will never be whole again.
Where do you think all the world's problems eminate from?
Empathy, understanding and tolerance are virtues. They are a part of mindset. Cultivate them wrongly and you just created yourself scorpions. This applys to all relationships, even to family, spouses, friends and foes.
regards
In suma's defense, the man , asked politely and ernestly, about a subject cover early in this thread. His command of the Queen's language, or lack of, may had left him questions. Of which he asked politely.
All that was attempted was a respond in the best way I know how to piece together for him, a response in his native language,that it may help him understand, to the best of my ability.
I've just been looking at people's profiles and their friends / vouchers etcetera and realised I'm about as popular as a pork pie at a bar mitzvah in this little virtual community here - even compared to some who have only recently joined in. I'm not quite sure why as I always tried to be polite.
Anyway, please accept my apologies for being so slow to catch on and making unwanted posts on here for so long. I finally got the message and I won't intrude any longer.
Hi ukmanthailan,
Hey case of the blues, my friend?
Just wanted you to know I am still watching your posts to keep track of your development.
Don't let the vouches and stuff get to you.As you are still learning to get your feet on solid grounding, thats why not many vouches yet, and you are new to trading.
The truth of it all is that those vouches shouldn't mean very much , not to me at least.
Whats really important is that you must be determined , read and reread , test yourself and find your niche. The important thing is to be profitable and make a life as a trading ace for a comfortable living. Which should afford you to be kind to life.
I hope you will focus on the important tasks of your quest, As you develop you will get your due gratification by your contributions to community and self. If you didn't noticed , you are member and part of this community of traders already.
Thank you MaMood, you as well,
Hope you caught some pips , today's markets.
I captured less than a cart full, however , I take what she's willing to give.
The spread betting seems to be gaining in popularity over here.
Probably due to the simplicity of no contracts as such..
And the charting, price action and technical indicators are just the same as normal - so there are many people, of course, selling the above holy grails..
However as you can specify ?1 min - to I think in some markets ?150 per pip movement..(for each order entered)
Any account can vanish quite quickly in exactly the same way as in any other market..
Thanks again for your advice...
learn slowly and think deeply.
You will get there. focus and determination shall be your guide. And many here can help you.
fti I have seen sometimes that you mentioned Duesseldorf a major player/location. I did not know, that it is that relevant to FX trading. Do you have any further details about Duesseldorf?
Just curious ...
Thanx
yes dssl is funding centre, not player, but big funding centre
My apologies to fti and everyone else on this thread for behaving like a big baby yesterday. I have been having some personal problems and had not slept for about 30 hours...but still, no excuses really
I wasn't fishing for vouches as I don't deserve them for my trading ability, I just noticed that everyone seemed to be "buddies" and vouching for each other and there was me, "johnny no friends". Please excuse the melodrama!
I have been having loads of problems with my broker today - their new variable spreads are a bit wide, their...
Hum, its ok Mark.
who's the bad ass broker doing the manual thingy to you. Show his name , he may just regret his folly.
you have to be careful as it seems you have scorpions that are hard to over come. Don't fight them, overshadow themm with the habits you developed during your demo. they will slowly disappear.
If you are not in the best of mood, skip the trading,. Markets will always be ther, You have to to participate.
So stay on top , and stay cool.
Another thingy is sleep deprivation is not easy to adjust to. Create all sorts of demons. You can only adjust to this over time, whatever you do , do not force, use time to mediate.
have a nice weekend , to relax and unload.
regards
I was informed that oanada, prices are elephant wide until tokyo in full swing. Wonder how professional the prices you are receiving. You ever dealt on their prices before?
regards
Prices from my squarkboxes are thin for volume. For voulme or small I have to ask.
Today the markets had set the trap for USD BULLs.
Beware USD bull traps every turn.
The question in my mind, HAS the USD bears arrived yet, after a USD bull move yesterday.( wished it was a run )
Her dance variances these days, so varied as usual. Volitility ,rest in peace.
hey FTI, I need some help.... its regarding the interbank market and industry and does involve confidential information and the discussion might not be too relevant for the masses here as well. I was wondering if I could pm or email u?
Now , every body look carefully at this USD BULL seems very big one as I see CB action to moderate.
Use your MM well , be nimble, but press hard when you have the opportunities,
no chasing chose your grounds well and don't be greedy.
this is history in the making.
regards
Always remember she is powerful , there is no such thing as cannot retrace. All possibilities are on the table. But you know whats on the underly.
Trade well all, I am up to ears with usd. and the pip carts are coming at high speed. And I am moving very swiftly between currencies, so please mind your own butts. I am in battlefield.
The volatility is accelerating in many variance manners and too fast for me to hand hold anyone without impairing my speed. Sorry, you have to dance well for yourself. It s tricky and killing fields. Don't get caught standing still.
We have a big Unemployment Fig coming out in about 90 minutes, we should have some nice volatility today, wishing all lots'o pips today.
The bias technically and fundementally is bull usd, after see much figs today. MOST important your mindset must be nimble and reactive to pulses. Also watch out CBs are gaming too.
Hi joypips,
no not pig style.
Intercurrencies and hedges.
I am all over the 3 kingdoms. mostly in cable for the last 2 days,
Also arbitraging spot and online prices and position adjustment.
So its interplays between the books.
haha,
many times I had to refrain myself from dancing both sides today , just cause the bull run yest, NY will show us anyway
oh mahes, not both ways as in buy and sell in singular currency.
yes buy and sell but between currencies crosses on spots and arbitrages of spot vs online.
direction is usd bull.
regards
and usd bulls find bottom(temp) on Eur and cable before figs.
I was also in loss yesterday as I left my scout went cycling for 4 hours when I came home i ccouldn't believe what happened.
You had been too cock sure of yourself that you left your baby unattended. You are not focus, not dedicated. And you make too many excuses for your failure, without remedy. Not withstanding the fact that too many things are going on in your life, and you are ridiculously undercapitalised.
Unfortunately, seems you don't have what it takes to be a good trader.Maybe you are too young to be in this fields of painand discipline May be in other endeavours.
Fti,
about tomorow, how big should be those, who sent EUR/USD to 1.4406... Fed? Big banks?? I think that because it reached above 1.4400, it was hunting for money, not caused by oil,Dow... Thank you
Hi Fana,
I suspect CBs.
they did 2 pin revesal before the late night thingy.
Ample warning was issued.
If CBs were in stealth mode, it would be their teir 1 proxies.
I believe they are trying to avoid over buying of USD.
Moreover the heli ben reppointment is not palatable to many.
Glad to hear, that you have saved your book once again.
Was really anxiuos about you, as I have seen that powerful moves yesterday.
But as always - you have reacted pro-like ;-)
fti, glad you and your account have lived to fight again another day. Good luck today. I will be very happy next week when August is finally over and traders are back at work. Good trading everyone.
In fact I flip up skewed and made good pips, very many carts.
The underlying is that a surging usd will runaway inflate the us economy with out real growth. And this can be dangerous as seen in the equities sectors.We may be at extreme
s of the CB's float bands. strong signals had been sent , heed them. Last thing , needed now is an equities bubble to drive the housing bubble.
The CBs had already declared that they will use stealth strategies if things do not stay in their favour. You had been told. Having said that , be in the know that markets will always test CB resolves, so brace yourself for roller coaster rides.
Cable is plunging, looks like I picked the wrong southbound bus to ride, see if Euro can catch up with the others
strategically wrong, when elephants fight, either stay out if you are newbie, or impliment butterfly strategies. Ride strategies have little chances for survival, so is long sword, other strategies are to write options for time decay. but you have to be at least intermediate strategist to do that safely.
short euro is wrong way,you will be unable to have cable leg to cross out.
note: short euro/usd short cable = long usd
to leg
short cable long euro is long euro/cable.
first leg is on cable, to squeeze euro for leg.
usdyen plays to pitch or yaw.
This may be too advance for you, but basically is to cross the Euro / gbp one leg at a time depending on the directional flux.
fti, may I ask you at what price have you made the decision, that you are on the wrong side of EURUSD or Cable?
Or maybe it is more interesting: After howm many pips in loss?
Just curious to see how fast you are doing such kind of decisions ...
Thanx!
flipped 16190++
the trade blotter is too long to show.
multiple spot crosses and interbank spot and online retail arbitrages as well.
At the moment yes, but I understand somewhat the thoughts behind the action. How to incorporate into MO will take some (much) study, but it is in the right direction..... hadn't thought of it in that fashion.
again thanks,
this MO is for BIG BOYS (elephants) fights scenario as none will colapse, but disadvanytaged temporarily. and wiill regarner strength to counter the attack. As they fight and when bull or bear loses temporary. you take advantage to position for counter offensive. if the fight goes into stalemate you seek safe harbour in dormant currency cross only to re initiate to which ever wakes up again.
At the end you, get lots of candle sticks shadows money.
Esp if the shadows are long.
You trade without bias only reflex. This strategy is not advantages for trending runs.
hypothetical question, if you sensed a directional shift between EUR/GBP during a rescue, could the opposing currency be used.
I assume you can see the directional bias E/G from the 3k's or do you keep a separate E/G chart open.
Brain is racing, apologies for the questions if too much.
a
yes , you can use the cross hedge to realign , but your base(initial) leg must be in line with the cross directional impulse, other wise you get killed on both legs.
There is only one directional bias on a 4 legged hedge, and you had to have got this directional bias correct in the first instance to advantage your position. Ie if you use it to cross hedge when you initial position is wrong. You will die on both legs if you hedge out.
In other words, the cross hedge cannot be used to save a bad initial position, only to enhance the squeeze by leaning on cross strength to save harbour for retraces.
This dance strategy has many bind spots that only advance traders would be aware of. The advantage s are very subtle, without expert training , I doubt many can use. These are Mmakers strategies. You need to have much market making behaviourial experience to understand as it becomes multi dimensional. ( no more binormial decisions)
FTI, which is the best time frame to see this. I have been looking at the Day/One hour and 5 mins for the EUR/USD, GBP/USD, USD/JPY and EUR/GBP to try to get my head around it. I am also finding it a little advance. Like Auxesis I have been mainly short on the EUR/USD. Thanks Ray
Same muti short charts(5 mins) and hourly of the 3 kingdoms.
you should not look into day bias as that would take you into long swords, which requires deep pockets, and longest days of babysiting with short naps.
Easiest way to burn your candle both end. And easy to get into dangerous lost of focus and much mistakes due to sleep deprivation fatigue.
If you plan these strategies , for non babysitting MO, please spare me the grief.
This morning if I felt that the $ Bull was coming on, I would see his foot print in the Pound first and with bigger legs as EUR/GBP was climbing which was seen in both the E/U and G/U charts.......... Pound was making new lows, Euro still holding range.
I should have been short Pound.
i saw it this way. the markets were bumped up by some thing hard underneath. the impulse leg for leg (ATR momentum) is stronger on the Euro than the cable. But cable being thinner market is always more volitile than Euro.
In effects if bullish move would be firmer in Euro and retraces from the up move should be deeper in cable.
in effects bias Long euro/cable base.
so short euro robs you the vasitility of crossing out correctly.
Thanks Fti, I am still just trading the one pair, EUR/USD. Day chart is so I am trading with the trend, one hour is for keeping with trend also. I also have the 15 min open as well but decisions are made on 5 mins. Lately I have been using short attacks closing out the scout as well. Just finished a attack short the EUR/USD from 1.4370 area and all squared at 1.4324. At time of writing I am waiting for a pullback to enter a scout. Will study the 3k and EUR/GBP more over the weekend. Ray
hi 1234,
sorry I misread you intentions, as you are still trying to master basics , you are doing correctly. The strategies presented just is at intermediate levels and not useful for you.
Be aware that there are much strategies that may only be useful for many only when they had mastered basics and goes up to more complex ways of managing.As in all things inlife things gets more complex as we move along. And that at basics this advantages will not be accorded the privilages. One day when you had mastered basics and gain more experience and knowledge , these may be come useful for your advancement.
There is some wrongs in you thougts that I would like to point out . And that is that the crosses moves because of spots movements and that monitoring cross charts has no meaning whatsoever to me.
For me the movements and variances from spot majors leads me to crosses possibilities and not the other way around.
From your charts presented I see no value in the analytics. As I had presented before, i am only on the 3 kingdoms and they individually and collectively gives me the technical picture for the spots as well as the crosses. except for Minors and exotics , of which I have no interest in due to the immaturity of those markets.
The only assumption you should have about your scout is that YOU are wrong until the market proves you right. Don't waste time and money waiting for her to prove you are wrong. If your scout is misbehaving kill it and move on. Losses are part of this business and learning to take the best loss is what will make you a successful trader.
kind regards
Wrong,you are deviating from basics. either rigidity is creeping into your methodology or your emigating is affecting you mindset. Beware book damage by too many dead scouts. Flipping of directional trade is moderated by impulse and trend not by book. Inability to dance is dangerous to MO.
I wondered if any of the experienced thread members would be kind enough to share how they are currently working fti's methods..
I am gradually experimenting with what suits my circumstances - and obviously very interested to hear what others are finding the most successful and least successful parts (if any) of the strategy..
If I am correct, looking at fti's attack sequence - often small pip amounts are taken (with larger positions) to build up the attacks..
With a much more limited budget and smaller position size - how do you...
you are dangerously scalping, instead of dancing. That is why you find difficulty in understanding. You are also aligning your cap as excuse to the MM , this is dangerous. Your state of undercapitalisaton is restricting your MM and therefore will impair your ability to MM the dance properly. You continue down this road and you will find that your cap will impliment tweaks that will hurt your dance and book.
I am quite sure that due to your cap to ROI ratio, you have absolute inabiity to ride , due to mindset.
Lots of kind advice & experience to internalise and learn from..
Of course your comments creates further questions and curiosity
Earlier in the thread there is an awful lot of discussions regarding skews, rescues etc ..which seems to have lessened now..?
In the AOW - I noticed this quote which was used a few times earlier on:
"Now the general who wins a battle makes many calculations in his temple ere the battle is fought...etc etc"
Has this taken a back seat...
your experience, exceeds yourself, that in a way , you are correct in you general thinking of the MO. But just because they had paid lesser attention to skews , indicates that they had mastered the dance and the MM is inreality the stretegic difference of flowing with the dance. Howerver in the background of the battle , the MM is the controller of the dance.
There is no vagueness about the polar opposite to technical indicators, at the least , and due to logistically sound MM and mindset, it is just superiior to any lag indicator studies available. Mostly by leaps, due to MO nimbleness.
I think you missed a very critical point and perspective. Think clearly.
edit: I'm also showing some corrupt data on the yen, a 4000 pip drop, down to 55.60, LOL that will take them some time to unravel as everyone trades have been closed.
Be a little conservative on the skews to day and tomorrow, Ldn Boys are not on field. She may become dormant or absolutely wild due to illiquidity.
Hmmmh -the JPY opening gaps are almost closed.
Where will it go now???
You had seen this dance played out before. If you can remember , you was a flea , then, remember?
The question is what would be the reaction of the NIhon Keidenren, if the stonger yen deprives them of the competitive edge. And you already knowhe answer to that. Of course for now their ewsolve should be intensely tested.
Our Father which art in heaven,
Hallowed be thy name.
Holy Holy Holy
Thy kingdom come.
Thy WILL be done in earth, as it is in heaven.
Give us this day our daily bread, Lord
Opens the eyes of traders here that they may learn.
And provide for themselves and for the needy.
And forgive us our sins, as we forgive our trespassers.
That as Jesus came to forgive our sins,
that we shall learn to forgive those that trespasses us by their sin for they knoweth not what they do.
And lead us not into temptation, by our scorpions
but deliver us from evil, that may come from our folly.
Thank You for your blessings, that I received from angel of far away lands.
For thine is the kingdom, and the power, and the glory, forever.
Before I found this thread I'd spent weeks and weeks reading others. My starting account of $500 was going slowly down with trades being stopped out for more loss than I was profiting. I was doing the usual - trying the indicators and different methods, all the time thinking that my ideas of trading must be wrong since no one else uses just their own judgement. Also everyone seemed to want to have long running trades, while I loved the M1 and M5 charts.
I found this thread with my account down to $450,...
Who is the creater of all the order and balance throughout the creation in the heavens which the hubble telescope shed a little more light...
just that you may understand.
He has no name.
you can name , that which is after you, not that which is before you. In that he was before and so created you ancestors, therefore none is qualified to name him. However a rose by any name is still a rose.
Paradise exist and can be accessed even as we stand, so is hell. These exist within your soul.The kingdom of heaven exist only if you so qualify to access it.
Satan (Samuel, the angel of light), he is not a matter for humans to content with , it is a matter of God and his creation. Similarly, ant or lesser creation, do not bother about the business of man, but only to avoid , colliding with said. Man should only be concerned with matters of his own dimension.
Do not judge the creator by the standards and works of man. It is way beyond our understanding and knowledge.
Satan is the angel of light? That's surprising considering he is painted as someone so dark.
Do you recommend reading the Bible fti? Has it been diluted over the years and lost its meaning or do you still see value in it?
yes, if my search for God, taught me, anything , was about God and his pains.
You see God created the angels in the very begining to assist him run things orderly. It is in doctrines that Samuel was his 1st creation, the angel of light."Let there be light."
But on the sixth day God creating the ultimate. Man in his likeness. There i no greater in creation than man. ( mankind)you can prove that to yourself.
Now where does that put the rest of creation, that the ultimate was created last. Would the ultimate angel accept and prostrate before man. All logic would say no.
And it was my findings in sriptural studies that there exist material that described that missing links . Maybe the pope shuld open up, the secret libraries, that house some of this documentation.
Since such findings and reads from aspotle literiture, the bible became very clear to me.
Th understanding of lilith and Eve. The differences between them.
The understanding of Cain and Able and the need for Seth.
The understanding of love between Adam and Eve.
And the hatred between Adam and Lillith. Understand the cause.
(read "The First book of Adam and Eve.")
Also read "Little Genesis"
About the towel of babel.
About the great flood and the watchtower angels.
then as you progress along the bible chapters.
Only one thing becomes dominant.
Ego(power)
Read the testaments of the apostles. as you go along , you will understand the futile search by man for the salvation.
Until you hit the New Testaments. Then you will find the love returns to creation. The answer. What a relief.
And you may understand, the truth. Not the issues or nitty grittys that man always squabble about, the the truth, not only the truth , but the light that leads to the salvation, And when you ultimately understand, you will be able to ambrace it , the narrow path for salvation. It cannot be taught, you find only if you seek, and as you seek , you shall find. And as you find, then it becomes nothingness, the light to salvation.
What jesus taught is correct, It is truely easier for a camel to go thru the head of a needle than for man to find salvation. And the search is futile, not unless it opens your heart and bestows you the paradise within.
"For ALL had sin and fallen short thr glory of God."
regards
The words are inadequate to explain all.
But if you understand , the meanings is always there.
read not from the mind alone but from your heart and you soul.
What God put in your soul is his , it is always there. But you are given free will and choice to listen to your soul or your intellect.
One thingy , I haven't figured out is about God's created animal, The dog. (which is god spelled the other way around.) And you will never in your life, find another animal that would love you more and without condition. You figure this out you let me know. Also know your superiority over all of creation, you are that the ONLY in all creation , that can smile and laugh with joy and happiness.
beware artificially caped cable
buying cable for yen in large.
other developments
"Americans would be fined up to $3,800 for failing to buy health insurance under a plan that circulated in Congress on Tuesday as divisions among Democrats undercut President Barack Obama's effort to regain traction on his health care overhaul."
soon it will be costly to leave butts unwiped as may escalate heath cost.
also create new jobs, for the need to have "donkey" inspectors.
what kind of moron. the shit hits the fan.
seems usd bears all the way for now.
Just been watching this very news on tele...seems big news around the world...
Interesting, as has been the norm for us Aussies to pay for health insurance or pay extra in taxes (called medicare levy)...don't understand the fuss really...don't think anyone else should pay for my healthcare and likewise (except for those truly disadvantaged....more than happy to pay my share)
at sg , we already have to pay fines for spitting.
hope this doesn't catch up here. ( but surely it will).
to fine people, for not having certain luxuries, thats a bit more than I like to swallow. Unfair policies?
whats next , fines for shitting?
Hi Zoran,
Yes, we view public healthcare as socialist. Medicare is a mistake that will go bust in a few years. Our history is to not trust concentration of government, central power. If it did not bother us, we would never have fought the Revolutionary War, and would still be part of England. Consider TARP, TALP, unsustainable deficits, taking over GM, cap and trade (don't even get me started about man-made global warming), card check, and now government healthcare. The level of anger in the US is increasing very rapidly, and in time will become...