hmmm... I don't think flip up from here is a good idea.... say... it's already on range top, and volatility is decreasing.... Plus, we'll have July 4th and NFP soon.
My guess on the time to break this range---Thursday, Pre-NFP;
Marked in red is dangerous thinking. You never really know where the top is. The rest is ok analysis.
If you are feeling toppish , so can the market makers, he made it that way. give him a paper reason to trap you and he will, create a short looking potential and sweep against you.
I don't like to think top and bottoms , only interim hills and valleys , it keeps my nose clean mostly.
regards
I had been checking on whats happening in the markets lately, getting no answers except lots of BS about risk appetite increase, and half yearly book value defense.......and the sorts, some talking about higher oil prices and stock prices.
The parts about the stock prices firmness tickles me a little.
It is percieved that the usd is doing a balancing act vis a vis stock prices. And if the weakness of the the usd is truly doing that , then it would seem that the equities are rallying without real improvement on the ground and real economic growth. If this was the case , doesn't it imply that the rally is rigged. If this is the case beware of the bear bubble within. Somehow seems (ward 13) investors likes creating bubbles. Now where's my pin. how;s about selling equities into the big bang day, thats a rigid idea, but the reporting suggested it.
Good day, fti,
Not much has happened during Asia, saw some long position squaring around Tokyo lunch time.
On the talking market, some intelligence saw ECB printed more money than Fed,--- "An opinion piece from the Times Anatole Kaletsky out today argues that the ECB's activities, including its massive liquidity injection from last week, in which over EUR 440 billion was lent in 1-year funds, mean that the ECB has extended more credit than even the US Fed and that the ECB's extension of credit directly to banks is perhaps more risky than...
HI imjscn,
With rates, where they are now, the CBs have a little less tools in their tools kit. Proping up the M1 is a powerful way of inflating the economics to bump up growth activities. But if iflation runs-away then this action just creates another bubble to tackle down the road. If this inflation was channeled toward the import equation of trade while holding domestic ppp (purchasing price parity) inflation down , it may just improve their international trade leak to the developing nations. Of course their printing activities are already a devaluation stance on their currencies, to create the trade inflations. But this has to be monitored closely as markets and counter parties can adjust to meet the challenge.
Personally, I think it is a dangerous battle MO for the CBs esp in Euro, as there ability to mobilise to change is much slower than,lets say,eg. china (since she's always on the chopping block). Without, the consolidated cohesion in decision making and mobility to reaction as one entirety , I think the MO is counter productive in the long run. "Too many cooks spoils the soup."
regards
I hope these discussions do not disturb your dances. I am in retirement again , at least for the week, gotta get s alittle space to get back into shape. (don't seem to get the handle , since after the holidays) Yesterdays performance was disgraceful, nevertheless I am thankful for the USD/yen hedge that cushioned a major part of the damage. These are cash positions so the hedge is still good and non exposed.
Thats one reason , I do not encourage, the higher skew levels for many of you. Unless you had much foreign cap to work with, it gets nerve recking to anyone. Try stay below level 4 mostly, but sometimes the markets force hand , then its your decision if you have what it takes to rise to the ocassion.
Folding up to fight another day is an option. Just like God, gives us the option to kicking the bucket, if things gets too out of hand(esp aged, sickness), and quality of life is compromised.
Another thingy , that's interesting from my probing, is that the head honchos aka citi is working toward some development of the retail game in about 6 months time. The only thing I diddn't like about the development is that if they are gonna use saxo backside as their face , then it shows that they lack expertise human resource inhouse. Maybe its time that their senior management took a serious look in that avenues.
These days everyone claims to have cutting edge platforms, but truly mostly are bloated betas trying to please the masses instead of truely lean professional market accesses.
In the charting front, MT4 seems to be carrying the banner, only if I could find someone to compliment it with a good orders/trade book.
regards
On the front that the markets may be reverted to retail from otc spot is impossible. Retail will always remain retail. This is because there is no possibility that the reins of the market be allow to shift away and that CBs may loose foothold of its control. You must realise that , the currencies we trade are in fact for international trade and exchage for goods and services. It is too dangerous that this vehicles be inherited to speculative activities control ( which will always over or undershoot), thereby exposing mainstreet to undue risk.
However retail forex must exercise much more discipline and integrity , before it will make the grades to be a party to these beautiful ladies.
About the levels...
I normally stay with 1, 3, 3(if I feel the leg is streching out longer) or 1, 3, 2(if I feel the leg might not stretching out).
During impulsive leg run, I add level 4 and level 5 according to the volatility of the legs and the retrace.
I'm still in progress of practicing this screw. When I get a steady performance, I will make some picture to describe how I add the levels and hopefully get your review
as the man thinks.
Do think much and make a good screw?? , as you put it.
but read carefully before you think, won't you?
GIGO(garbage (misinterpretation) In, garbage Out)
This Ohno lass seems Jobim fan.
But the more I listen to her recordings, the more rigid i feel of her jazs, her acompanyment feel too loungey and structured( problem of most Nihonjin jazz bands), even "round the campfire" feel. I am not sure if I am going retro in her presentations. Sure hope she'll mature in her improvisation and jamming, as she has such easy and flowing vocals. Turned music critic have I.
morning boys ,
long scout rescued swiftly,
watching 4h possible reversal ,
looks like EU bull before london open was GU force from good news ,
will send short scout appropriately for more inspection of the battlefield
good trading to all
yeap,maheswara, king's got his work cut out.
anyway , if you ask me, he's probably have an answer for the markets soon.
hey j-pax,
its mentioned by fti sir in the thread ,
that when u r uncomfortable (mistimed) with ur entry , u shld cut n reinstate it at more comfortable place , its better to cut ur scout when it itches u ... moreover when time is a factor , rescue should not be done when u suddenly faces a strong impulse ...
edit:
if ur book is affected by scout p/l , i think u shld reduce the scout size ...
but sending in scout is a must , u get more idea from the market than just from staring it ...
and I would like to add for the benefit of othes in the same time predicament, that
if you went to a phone booth that requires your to have 10 cents to make a call, having 9 cents, just will not allow you to do so. Such is the same with time limitations or other limitations.
Like I have always told you,this is professional methodology, if you want to modify to your limitations, the risk is yours. And no one knows what variances may present. You will have to manage at your best within such limitations. Therefore never ever risk, bread and butter monies, that you need for a living. Also beware of overgearing, and risk that which inflates risk variances beyond your financial ability to stomach.
regards
she's moving !
Ai ya , handcuffed when she lures me,
such is the training, discipline and generosity( ability to let go).
I have attack level one and scout in. In this case, I keep level one in to see if what's going to happen on retrace. Profit might get wiped out if market won't follow the drop. But, since it's a running profit, and the chance for a serious drop is very high, so I think it worth.
Is this correct? or I'd better not bring a running profit over retrace?
but your scout is not only there to make money, is he?
whats about the feel and benchmarking he provides?
but of course with booked profits, his versatility of repositioning and risk measuring can be improved on. NO?
with foreign cap, a whole world of opportunities and flexibility opens up. YES?
pacing.
ack! when she goes further, average to get closer.
thats what we practise, i try to stay as close as i could to market pricing, dun let ur woman run away from you, but if the relationship gets too painful/too good to be true, no choice, divorce. lol!
Morning everyone, hope you are all well. fti, any lingering effects of the durian from yesterday? Have finished my chart work and set my biases for the next few hours, and now time for a cup of coffee. G/$ has squared its sharp move of a few hours ago and may provide the next big opportunity (or not). The $/Y is square, too. Lets see where this goes and make a few pips for the family.
nope, the feeling ok.
but taking a durian break. The organs can only take so much.
much heaty body, no fear of h1 virus. no survival chance for them.
unless they are good traders and know how to compensate.
Oh no, don't go buy up all the durian in the streets please. Leave some for my next durian attack !
fti,
after the aow training, when are you gonna teach us e next step?
The AOS (Art of Seduction)
imjscn,
careful with sticky stuff...i heard it can be quite painful when u pull em off, you could lose precious hair too you know
ahh divorce can be quite expensive too, u gotta pay alimony! kekeke
Oops nothing more to teach.
AOS, depends on your sex appeal and appetite.
of course, divorce is expensive and painful, what's new?
therefore don't be too careless.
But if you consistently get there, then you have to polish up you, body language skills. really you can turn adversity into bliss mostly.
Consistency & sound emotions helps.
Fti, thanks for the reply. Considering maheswara's comment above, maybe there are opportunities for catching some pips out of these anomalies, having two price feeds and not using stops. When you see one feed is out of the market ... just a thought. Maybe at these times you can't get decent execution. I was not looking at the screen when it happened. I don't know if it lasted seconds or mili seconds...
It probably never did show on your price screen. no way that they will fill you.markets were not there.la Its bump quotes.
If you read your agreement with them you may find their escape clause in terms of error quotes.
But of course in their favour, then , people with integrity will make you good, otherwise you have to fight like crazy to get good. It all depends on who you are dealing with.
Have you ever tried claim money from govt depts, run through 10 loops and up down buildings, and they will comply after much investigation and varification. This could be worst. wonder if they have "time and sales" logs.
Well I have hit 80% profit on my demo capital today. Another nine days and I will have managed to stay alive for three months. I should think I have barely scratched the surface of this MO yet, and have an awful lot to learn, but I feel I am getting somewhere at least.
I can't really get into pressing the attacks too strongly on my limited capital, so the early days will need a bit of luck, but I think I am going to go live again after 9th July.
If I've learnt anything here, it's been to watch the flow of the PA, keep out of trouble during...
Hi All,
a little late, getting lazy.
Thats how it goes in retirement.
I read a little of the stuff happening, while I was snoozing.
Your problems are in IS.
Just because you had a field day yesterday, you carried the emotions from yesterday into your trades today.
Variance my friends variance.
Any blind man can see that the dealers got whacked bad yesterday. So evey ones on the defensive. Also that the prices are not where the market is. The chaps are just doing their very best to shore up the usds they lost yesterday as well as buffering for the july event. So expect sporadic usd runs , short and swift. The rest of the time , its gonna be balls breaking attempts of dealer to get you to take their offers of currencies. relax and MM properly,
It may get a little fast after the figs 8:15 and 10:00 otherwise expect dealers market.
hmm, when there was a leg, I got used to attempt a trend continue thinking. But this type of thoughts start changing recently. I'm on the way... some withdraw symptom sometimes.
What NOW, Market will show us how
you always gotta follow her lead and tempo.
The boys are trying to buy bachk usd cheap esp when the asia attack failed, now they can squeeze some usd out of the eager beavers. The positopns in cash and term , they don't care, when its ranging like this.
There's been market talk of bad recovery, with escalating equities, so can even squeeze, better. but the panic usd buying yest already shows you what the undercurrent is like, all the clues are there. What ever the figs released later the undercurrent still plays.
For you you are no economist, neither are you long sword. so whats with the expectations. just follow her cautiously, with the most prudent MM you can cough out with. Who knows how its gonna pan out, best you can be is prepared and nimble, my friend.
You wanna play what must happen, then the casinos the place.
regards
Think !, If you were a dealer, the big bang's coming , you have little usd left after yest.(if you were egor , you probably be deficit usd ) Whats the worst that can happen, if you shore up you usd?
the market doesn't allow you to off load, there's still the money changing lump, that'll deal you at board rates to buy their ice cream, coke and poopers.
Moreover look at the daily charts esp cable. whats the bias?
This where I feel so inadequate still. All I can see from the cable daily chart is that it has been ranging between 1.62 and 1.6560 (roughly) for the last month. It kind of looks like it has hit a wall to me though, by the pattern it has been making... i.e if I saw that on a 5m chart I would probably have a short bias (selling GBP) now.
Market is very slow now so thought I would check in here. I am not sure what the discussion is about or if there is a question on the table that is being reviewed. Is the question what is going on, or what has happended? fti, how was dinner? It was a better use of your time than watching this market develop - LOL.
yeah, gotta watch the NFP, still gotta some usd /yen hedge gone delta +.
Nothing speculative, unless they force my hand.
Lol, I went and found a B&W mugshot in honor of the movement and then everyone dropped their avatar?
a
Aai, so hard to keep up with the trend. Well , markets made up of people like that, what can I say. A wohle world of people trying to follow some leads, and fighting their own scorpions , which is always getting them into mud.
check out this game guys , of course when not trading ...
gravitymaster.net
edit:
hey mamood , long time , was wondering y u werent around ,
news in 3 mins , carefull guys
eee.r before going out to play computer game and mountain biking, please check your gas tank.
need some stock piling please.
MaMood ran out of gas and have to cycle already,
hope the rest of you can still drive.
otherwise can get from us stockpile. mom, check availability in a momemt.
I think I can understand....correct me if I am wrong. (in context of the article)
China is grieved that the US of A PROBABLY has failed and cannot deliver the goods, and China wants to be heard albeit the fact that they probably can't do much about it.
reminds me of the incident when Geither was laughed at when he tried to reassure the listeners the "strength" of the US economy.
after bretton woods, the usd is basically backed by gold and value of goods and services (a basket of trade currencies). What does these people want to debate about?
The us allows the usd to be freely traded against almost every currency in the world, except that certain govts do not allow that to be so (due to local factors)and peg the exchange. Otherwise it is managed floated. It is also freelt traded against all precious metals and commodities and produce, including oil and gas.
people want to debate , let them debate.
seems counter productive activity to me. But what do I know.
To me . the next best medium of exchange is sea shells?
only thingy is , similar to gold , there may not be enough to go around.
yeah, that why i took the cheapo route and bought some gold etf at 07.
however brentton woods or not, according to the bible, gold is the first and last metal mentioned, i belief it will always be a benchmark. Hopefully EU will come full circle and and eventually become a "united europe", i believe then USD will be well positioned to step down. thats a long shot though....
edit : thats y i daytrade...tmr's problem is tmr's problem ha
personally i think the chinese and americans are just doing a show...in reality they need each other so...
I beg to differ.
As far as God is concerned, what christ taught was to use whatever (God given blessings) that you need and give the surplus to those needy. I don't think hording and store of value is in his book.
Euro? she's a follower, don't see leadership attributes there. Look at the monetary policies, looks like us carbon copies to me, with lag. At least king had displayed some leadership possibilities. Like I said but what do I know.
was just doing some research about the Durian fruit and have found this picture:
No la, this is durian. That is just prohibition of the fruit in trains and public carriages, due to pungency.( strong aroma) If your wife had taken the fruit, when she burps at you , you could faint.
The premium ones, taste sweet with a tinge of bitter. The texture is silky and fleshy. There are many varieties. One premium quality breed taste of caramel. One taste of coffee. The inferior ones taste only sweet.
Thai durian , are mostly hybrids, and are considered,inferior quality. Amongst the hybrids D24 is very popular, the better breed is D22, D18 and 101(sultan durian)
regarding EU, much has came to passed, since the signing of several economic reunification treaties in the 1900s. And evidence of a eventual 10 member EU is even clearer.
LOL apologies..i brought the disccusion way out of topic.
ya, ya, and they have too many cooks too. Why do you think they need so many treaties. A part from USD and cable, they may be the next best, I guess.
scout & L1 squared. 14150 and not rescued, no foreign cap to try &
Another small dent.
As well as squared the usd/yen Eur/usd cash hedge. This buffers much.
fti,
have u been to the Philippines &/or tasted Philippine durian? jackfruit (langka) could be a better accepted alternative (for most). it has a somehow identical physical feature with durian.
yes supremeChaos, we have nangka as well, but this fruit has no seasonal kick. Same for the angmo(westerner) durian aka sour sop fruit.
Other than its variety taste and seasonal fling, I mostly like the durian for its body heat properties not withstanding its aphrodisiac capacity. The chemical composition in this fruit is mind boggling. Just like my cigs.
maheswara,
if that is the case, China may have a hidden/underlying agenda for doing so.
i'm far from knowledgeable about the subject, but here are some points (from recent news, since Friday).
on June26 (Friday), PBOC, the Chinese Central Bank says "China will push world to cut reliance on a small set of reserve currencies" and that it "see serious defects in one currency dominating global monetary system". PBOC has also renewed its call for the creation of a super-sovereign currency, and says "IMF should manage part of its member countries...
then who's gonna manage IMF. You go tell Dr M that and see what he says. So whoever manages IMF will rule the world and policies? How many countries will agree to that?
Quote:
Originally Posted by supremeChaos
"In its annual report on financial stability, the People"s Bank of China (PBOC) said Beijing will push for an overhaul of the int'l currency system to diversify it. China is reiterating previous calls for the establishment of another international currency to replace $ & other currencies in official reserves. 'To avoid the shortcomings of sovereign credit currencies acting as reserve currencies, we need to create an ... international reserve currency that can maintain the long-term stability of its value,' PBOC said."
yeah , sure.
but first open the RMB for free market trading.
and transparency of governance and govt policies. Then maybe the free world will listen.
I think, once upon a time, a woman told the pope this.
"You don't play at the game, You don't make at the rules."
btw, market aint moving much , many already on holidays I suppose , how would illiquid market reacts to nfp ... any big player can move the market 100-200 pips in minutes in such market, might not trade at all for nfp ...
don't think much will happen on nfp, if yeaterdays robot nfp is anthing to go by.
Rate of Unemployment and Ue claims, would be interesting.
but before that keep a watch out on the ECB rate activities as well as their rate of Unemployment as well.
Meanwhile markets runing around like headless chicken, so be on defensive until you read her good.
Some of you may be wondering about my silence.
The reason is that I was contemplating if, I should write this for you.
And the reason you are reading this is because I felt it a responsibility on my shoulders that that I should leave without.
I feel sadden to inform all, that I shall no longer be around as I had decided to close ALL my accounts for trading FX retail. The reasons for this is many folds, but mostly because I had decided to end this experiment for the reasons following.
After nearly 2 years on this endeavor in this retail forex game. I have come to understand the structure of this emerging industry and that, it is still in its most infant state, that the risks involve in its participation is dangerous for my financials. I find it not prudent to continue although I had much success in terms of returns from the activity. But on my experiences from the activities, I also had red flagged many dangerous possibilities.
I realised from the prices and spreads at extreme stress levels, to be absolutely illiquid. I noticed that, at many of my profitaking levels that although the charts did show certain prices, that I had no price access through the few brokers I had decided to try. They are a combination of ecns, broker/market makers, and "retail spot" for good net-worth individuals (IPB) services. Based on my experiences, with the exception of the spot boys, all had failed to afford me true market access at fastmarkets or high stress support or resistance zones. I had tried numerous esp the "ecns", and had discarded a few, esp the market making ones, due to dissatisfaction of the price and service performance. However after much comparisons and arguments, I feel that in reality, this is happening, most probably due to access illiquidity and that true liquidity and prices was not accorded me by their supporting liquidity providers. This is most likely due to that trading at being small retail from a handful of marketmakers and unmarketable sizes, liquid market access may not had been afforded vis a vis the interbank access.(I feel this because I could free my spot positions with the bank). In essence, I would be inclined to believe the brokers may had tried. Only that they could not provide what they was without.
Further I also realised that because of the unmarketable ticket size, that my positions were probably internally booked by some computers, running on some in-house algorithms, and that such had sight of my blotter all the time, as well as my orders. This I find rather uncomforting, that the broker, also acting to market-make me prices could, if the algos so wished, could "shade" me with full knowledge of my trade intents. I feel, there may be some oversight to this conflict of interest of broker/marketmaker role. I am not sure if the regulators are happy with this existing business structure. I surely wish this displeasure of mine is unfounded, but the feeling nags me on red flags in many of my trade experiences, esp in stressed ss/rr zones.
Moreover, as in all otc market structures, it is hard for customers to exercise much rights, as mostly, I had signed away in the customers agreements, that I am aware of all sorts of conditions that may be detrimental for me. And when arbitration arises , seems to have to deal with absolutely ....,, responses from the brokers. And Without proper surveillance equipment and recording of supporting documentation esp logs and "time & sales" doesn't help.
In consideration, of all this factors , I feel much more comfortable to the confines of Structured markets, where smaller traders may have some protection. I therefore had come to the decision to halt this "wild wild west" adventure, which I feel not prudent to continue. Remembering that I am retired and cannot afford any possibilities of damaging my retirement nestings, esp when I can see so many red flags in the infancy and teething of this markets' development.
I hope all will understand my position. What I had tried to present to you in this thread is almost complete picture of my ways and thoughts in trading, and I hope that it makes useful for you, in your quest.
I will revisit here sometimes, to see if there is any messages for me.
Hi ALL,
Thank you all for the kind words, poems and poetry.
Its not that I am leaving, just that I shall not be active from here on in forex, as I shall be shifting my focus to structured markets. Here in sg, the active structured markets are indexes focus and exchange traded. But of course, it will be different of the same, with shorter hours. I am sure if down the road and if the forex retail industry matures, I will most certainly be back on her.
for me, I will take a short holiday, as the membership and setup is being prepared.
BUT if you keep this thread and community alive, I will most certainly drop in, to sit amongst you,when I can find the time. Except that being not active in the forex, I would have little to contribute except for a chat or so.
regards
@DutchAngel,, Karen would be much happy for my return from my mistresses, but I will try my fullest not to make her crazy.
PS: And for your brokers, remember this, this is industry standard,"His word is his bond", he breaks it then all goodwill is lost for him. A lot of trust & money is being placed in such trust,lose it and he degraded to scams.(do not feed scams,support only brokers with integrity, it is your rights, as trader)
Thanks God, you are not leaving!
It's so nice knowing you'll be still around. I didn't meant to require more knowledge from you--- reading this thread again and again is enough food for years. But, somehow, still need to know that the source of the light is not far away.
Hope you enjoy your dance with whatever market you choose!
yeah, but really the presentation is in the front pages. We are more or less , socialising in the market place to rehash thoughts and some redirections. It is easy for a trader , left on his own to stray off the basics, when left unchecked. I had seen it much to know this. Always the simple things are hardest, because its so simple. Its hard for purity to stay pure, because it is too pure.
Hey fti, would you be interested in having an event to meet up with some of your loyal students? Europe, Asia?
Hi Zoran and gang,
I am humbled by your suggestion.
But really, a pow wow, doesn't serve much purpose.
I am just an ordinary man in his later mid-life like any other. I am very private, and tends to my own , revering my freedom and ease of life, unencumbered by the currents of hectic life around me. I seek teach the young and respect the aged. collecting wood for rainy days in the short walk of life, that I am blessed and that I can give some of the excesses to some needy souls. So really I am just one ordinary old man.
Use yur energies,resources to develop self and loved ones. Beware of friends and foes alike. There's much personality clashes in this colourful world. Where sometimes , its hard to tell friends from foes. But let not that it hardens your kindness and loving nature.
My heartfelt thanks for the invite, but I shall pass.
A Rose.
Lessons from the Classics. The Romance of 3 kingdoms.
"Under heaven, those long united will divide, those long divided will unite."
There are much lessons, only to those with eyes and mind. This is not for entertainment, lessons in AOW.
The dragon awakes Zhao ZiLong, Last Tiger General.
Starts
The romance of 3 kingdoms, Battle at Chi Bi movie 1
Starts
The romance of 3 kingdoms, Battle at Chi Bi movie 2
Starts
much thanks to Animelover019
Remember to buy the DVDs, watch again and again, the secrets are not obvious. As this are not complete, reading the classics will help too. But understanding it , takes a lifetime. a sleeping dragon Oh by the way, if you had not mastered AOW , there is little you will understand.
London volatility flipped to the up side.
If things are going to stay with in range for the Summer, current up move can be a wave 3 up. If things are going to break down, it's reasonable to see it as wave C up
feel dance
the mind
I am a cloud.
Space is my home.
I rise meeting nature.
floating along without a worry.
Thanks Sir fti.
it seems u regularly dish out videos, etc. here... which is great.
That latest music video, hmmm.. I can't seem to understand it. Ting pu tong. lol
I could stick with the simple song "feng yow", though.
& most likely other songs, from back in elementary & high/secondary school.
Hey, actually, I think Cao Cao is also a hero though most of people dislike him.
They all tried the same thing, or at least thought of the same thing (such as kidnap the king), the difference is-- Cao Cao successed.
M't:24:1: And Jesus went out, and departed from the temple: and his disciples came to him for to shew him the buildings of the temple.
M't:24:2: And Jesus said unto them, See ye not all these things? verily I say unto you, There shall not be left here one stone upon another, that shall not be thrown down.
M't:24:3: And as he sat upon the mount of Olives, the disciples came unto him privately, saying, Tell us, when shall these things be? and what shall be the sign of thy coming, and of the end of the world?
M't:24:4: And Jesus answered and said unto them, Take heed that no man deceive you.
M't:24:5: For many shall come in my name, saying, I am Christ; and shall deceive many.
M't:24:6: And ye shall hear of wars and rumours of wars: see that ye be not troubled: for all these things must come to pass, but the end is not yet.
M't:24:7: For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
M't:24:8: All these are the beginning of sorrows.
M't:24:9: Then shall they deliver you up to be afflicted, and shall kill you: and ye shall be hated of all nations for my name's sake.
M't:24:10: And then shall many be offended, and shall betray one another, and shall hate one another.
M't:24:11: And many false prophets shall rise, and shall deceive many.
M't:24:12: And because iniquity shall abound, the love of many shall wax cold.
M't:24:13: But he that shall endure unto the end, the same shall be saved.
M't:24:14: And this gospel of the kingdom shall be preached in all the world for a witness unto all nations; and then shall the end come.
M't:24:15: When ye therefore shall see the abomination of desolation, spoken of by Daniel the prophet, stand in the holy place, (whoso readeth, let him understand
M't:24:16: Then let them which be in Judaea flee into the mountains:
M't:24:17: Let him which is on the housetop not come down to take any thing out of his house:
M't:24:18: Neither let him which is in the field return back to take his clothes.
M't:24:19: And woe unto them that are with child, and to them that give suck in those days!
M't:24:20: But pray ye that your flight be not in the winter, neither on the sabbath day:
M't:24:21: For then shall be great tribulation, such as was not since the beginning of the world to this time, no, nor ever shall be.
M't:24:22: And except those days should be shortened, there should no flesh be saved: but for the elect's sake those days shall be shortened.
M't:24:23: Then if any man shall say unto you, Lo, here is Christ, or there; believe it not.
M't:24:24: For there shall arise false Christs, and false prophets, and shall shew great signs and wonders; insomuch that, if it were possible, they shall deceive the very elect.
M't:24:25: Behold, I have told you before.
M't:24:26: Wherefore if they shall say unto you, Behold, he is in the desert; go not forth: behold, he is in the secret chambers; believe it not.
M't:24:27: For as the lightning cometh out of the east, and shineth even unto the west; so shall also the coming of the Son of man be.
Hi jest!
I'm doing wonderful these two days, not in the sense of pips but in the success of " Pace out.... Attack!" It's not easy to feel the music, but once in the mood, the feeling is great
Sima Yi, yeah, that smartest ass, he waited all my heroes dye, and take the victory.
heros, early death seems their destiny.
be wise, take the easy road.
noted sir
wat I said was just theoretical example , in real I increase max 10% from base , n I do it rather unconsciously from watching my scout, I guess thats another importance of scout , its p/l can give u the volatility idea...
btw , I prefer the book of 3 kingdoms,
the movie is a little biased against cao cao , who I think is a great leader...
But what is really accurate, when we can watch the charts with our own eyes and still go the wrong roads.it's all in the interpretation & understanding.
Hey, great AOW strategy--- the top/bottom pickers are the heroes, we be patient, let them take the bullets, then, we jump in the trend
Generals, they are never in the front waves, look what happened to the ZiLong commanders. When my general arrives, it is there to kick butts.
becareful of signals coming back from the fronts,esp outdated info, get emotional about them, and you walk right into killing fields.
If you have the time, check this out, becareful that it doesn't take all of your lifetime.
Starts here. So much lessons..................
best get the VCDs this may not last long as someone here had been killing much of my links.
Sir, Let me confess the truth .... our gov blocked youtube for a while (perhaps more than 6 months), I haven't ever got a chance to watch any youtube you and others posted here. I'm waiting patiently for the day they unblock the thing.
Oh , its the tv series 三国演义 by Laser Video Publishing Co. Shenzhen
yea maybe ,
im talking about volatility...
high vol decrease size ,
low vol increase size ...
low vol increase size, then high vol appears and you are sitting duck. "impatience & greed knows no bounds".
Only way clear then is expanding spiral within spiral. The safe path is spiral within apiral contraction.
I think there are two kind of low volatility, -- one is a steady smooth trend with low volatility like we saw the day before. That's the real trend which we can size up. Another is directionless range with low volatility. That's the range we should avoid overload.
now, now, don't get rigid now, there are a million variances and possibilities.
dance baby dance
"A US investment name has been a very good size buyer of out of the money low delta EUR puts this week. On Monday he lifted 16 September 10 delta EUR puts (around 1.29 strike) at 13.75 in [EUR 1.1bln] and as we reported yesterday - 5mth 10 EUR puts in EUR 400mln and a 13 Nov 1.25 strike around 14.5 in a further [EUR 500mln]. It is not clear whether these are speculative punts, but other players have been jumping aboard and helping to pressure risk reversals as a result. The premiums involved in these transactions are minimal - around...
Long sword usd bull positions with cheap premium.
This position is not afraid of rallies. Smart move.
When market touches 12500 again , boom town charlie, only this has to happen before ?
Band of play 12900 to 12500. Inside this band, boom town charlie. There is a missing wing, I think will be done in stealth mode.
3 rd wing maybe in delta mode.
Seems this chap is very sure that Eur/USd will be trading below 1.3 soon.
Does he know something in the figs we don't yet?
Sure hope its not mikey & jackson plays.
So watch out for usd bull volitility, people. esp in off zone hours.
I did caught several pips on the up leg, but it's too slow, every tick made me thinking of going down. Squared several times for nothing. Too bad a dancer.
@ jest: Thanks for the game, hooray! I'll try to get it on the street this weekend. If not available on the street, I'll go Amazon
Hi imjscn,
Just think a little.
If every spike , tempts you short and the market keeps going higher and higher, what does that tell you?
I play online poker when watching paint dry, another good game for brain training.
yeah good, wait till one day , you are so on poker and the paint dried already.
The thing is computer games makes you think and react fast, but the thinking doesn't go deep , unless you are very experienced. Could make you reckless, anyway thats just my 2 cts.
Jesus Christ Bar on Daily, followed by possible Engulfing
huh,, what's you smoking?
Anyway, when i switched my charts on , I watched the market inching up, cautiously. Now she's thick legs coming back to 13950s, Don't you think we are too near 14000 not to kiss her, even for a little? So be careful.
Moreover if we manage to hold above 14000 , a whole world opens. Lets see how the ny boys wanna play.
Thanks, Sir!
That means the market really want to go up no matter how hard we try to short it.
If I keep trying to short a persistent move, that means I was Benake or Trichet
go up again ..I edited.
Quote:
Originally Posted by imjscn
Thanks, Sir!
That means the market really want to go up no matter how hard we try to short it.
If I keep trying to short a persistent move, that means I was Benake or Trichet
What you are feeling is your bias. The market is cautious, but she is trying to sweep. And I think she is cautious and waiting for reinforcement from ny, so wouldn't run too far away until she has more supporters, this is because the usd bull bias is still there, unless we close above 14000s today. Really we had a long possible reverse bar already,No?
yes, kissed
Now, take a rest, watch the street fighting, see which side is going to survive
Hi I just got home, sweeped the last of the durians.burp.
I see a lot of kissing going around.
but very perfidia kissing, huh
remember, our friend with his long sword options is losing much time money. Hope his delta is good.
And I have a little ranting to make.
I received a call just a moment ago, from a trader friend.
He was telling me how he followed my opinion earlier and how his broker shaded him with fills 3-4 pips away from market in quiet market enviroment.Off hand I do not like to put brokers down, but to fill customers away from market range, that no one else traded is a little too much. I had the same experiences before with this broker and I really feel that this is absolutely unprofessional. Igmarkets was one of the online brokers that I had ditched early in the experiment due to the same frustrations. I guess its hard for sports bookmakers to stand in the same league as pro forex brokers. Be careful of these wannabes is all I can say. Like I told my friend,for me I'll stay 100miles away. maybe 500.
For those ready and wanting safety of credit risk and REAL access.if you are game then check it out.
But first you have to find yourself a relationship manager.
I am not endorsing them, only that this is only avenue I know for non institutionalised people and my only other market access apart from the friendly bucketshops welding knifes secretly behind every trade.
FX Leverage Loan
and/or
Currencies and Commodities Trading Account
and/or
Gold Trading Account
But then you have to surrender all you 5c to them.
Cash,Condo,Car,Credit and crankiness.
but always show them who's boss, otherwise no relationship.
If your relationship manager misbehaves, he's got VPs to report to,go there.
If their VPs cannot help, you can go to their $1 CEO. But surely you don't want to go to HELI BEN.
lol , i know , may need a million dollar to actually trade , although the leverage gives ur chance of ruin at the minimum , its perfect for a million dollar account looking for 40-60% roi a yr ...
btw sir do they have online platform , or is it the phone thing ?
phone thingy, but I am hearing much changes coming in 6 months time, wonder if its the citi fx pro thingy. Now not available here yet, only US and China for now.
I kinda don't like the platform, saxo bloatness. Better platform would be Deutsche's. But In terms of policies, Oanda is good, only they "name" problem.
ah yes , I demoed that platform ,
looks good , variable sizing too , not sure how they work with that other than internalizing small orders ...
guy called me too explained only in hk n usa , soon in other countries ...
Funny thingy is that the bank is not supportive of the Fx Pro with the customers, Wonder why? Could be internal politics. I am waiting for the dust to settle to see if FX Pro is feasible at all.
based on past observation, everytime somebody tries to accomodate sub minimum bank ticket size, they fail miserably, currenex and hotspot retail are prime example. still need my bucket shop
Thats true, but the retail is changing the landscape much for the Big Boys. Its still infancy.be patient,after the recession, the mindset may change. Its all bottom line driven.
Now with much risk compliance on the Big Boys, that business may frizzle off to downsize. esp if SME treasuries join into retail game, it will come to be,the question is whether I have enough life to see it happen.
Of Course , if the retail fx brokers cleanup their act, things will be much faster. They had done much to bring life to retail fx , lets see if they have more magic to create a vibrant retail fx market, but spot interbank will always remain that.
Probably the corp desks may be redundant, but the playing field and pyramid will level ,I hope.
aiyah if i remember your age correctly you got good chance to see the evolution lah, and everything move in fst pace nowadays. all I am concern about the growth of the industry is the introduction of many things propriety and make trading costly.
have you checked out iocbc fx ?
its not the age I am worried about , its mu health.
yes, thats true, I did tried to bring this on in SIMEX long long ago, with deferred spot contracts, and the planning for mini deferred spot, but the interbank sabo it to fail.esp when I wasn't market making anymore and when Richard Loke , passed on, it just disappeared. Globex International could had succeeded as well, if not for the managements dictatorial stance to squeeze bro fees and its internal politics.
No had no working relationship with local banks, but my opinion is that they are always somewhere behind the cutting edge, so I didn't check them mostly. The most innovative local house I know then, was "poems", and that had dropped out of radar.
If you have experience there , I would be obliged to listen.
Well Vicker Ballas, was top dog in my books long ago, when Freddy Lee was there. But its all broken up now, Basically DBS now,,,,,,,,when ManSeng was DBS, he was tier 3 in my books, now
boss, u got all e lobangs right? Now that ur free. why dont you try to make it happen again? parting gift for e industry, lol! Future contracts costs a bomb here.
Thanks for the encouragement,jest, but I really have to sit back, nowadays I try to spend more time with family.
I know 5 persons that can make this happen,if they wanted to. One is Mr Mukundan, the forex King maker. He is retired to his antique shop somewhere DownUnder after his 2nd bypass. The other man is FuHua at SGX, only if he may want to take this challenge before retiring. I don't know the whereabouts of William Chow,Kenneth Ko and QuekHin, these people can make it happen, if only someone could bring them out of retirement. And SingJin(make it 6), had never met a better interbank broker than him.
wah your experiences really exciting to read about, health wise, try taiji, pilates or yoga ?
anyway those names you mentioned probably ain't interested in making changes anyway, why fix something that ain't broken ? more competition is the way to go in my opinion, its just that we can't even accomodate 2 tv stations zzzzzzzzz
Well, maybe for honour and captainship.
I know for me, I had given, that which I can offer.
And if I suddenly kicked the bucket, that which is close to my heart had been left behind to be enhanced.
Watch it now, retracement inprogress.
You know, hard where the days when I had to chart the markets manually.
When computerisation came to being, only a handful of people championed the cause. Computrac,Teletrac, KnightRidder,..........and later Bloomberg News Services, Reuters was forced into it for sake of bottom line. With MT4(reminds me of Metastocks) seems the monopoly is broken. You should be thankful, and much more changes will come about, I hope............enough walk down memory lane.
Agree with that. It may have a difficult time at 1.6195 so the pull back may still occur. First trade was ok, but would like to get more out of this today. May see some fireworks on other currencies. Waiting and watching (and reading here).
rigid & opinioned, watch and dance, my friend.
again
Hibari's flow is smoother, nevertheless LiJun sails too.
UOB , vp of investment division is named kenneth ko ... maybe him ?
figs coming out guys , stay nimble and quick
not likely, kenneth of secpac retired already, last known position Regional Treasury Director. and that was 10+ years ago. Really we are quite dinosaurs,
with the exception of FuHua (SGX), and I hear he's retiring soon. Sure would love to sit and have tea with him sometime.
After all the flipping up and down, this news is somewhat nonsense to me. Who the hell is worried about the economy! It's just we traders worried about our pips and the journalists worried about what to write and how to get salary
sound of reason,most practical perspective.
Yeah should read less from these buffett wannabes.
more coffee? eer.......should cut down on the sugar.
Not sure GM has found the right stewardship yet, but time will tell. However, am pretty sure that Obama and Pelosi are not the right people to make big decisions for GM, so prospects are poor. Back to trading: waiting on a decision to go long on E/$, maybe the E/J. Deep breath now and focus.
Edit: Nope, not going long anything here. Will wait for better opty to short or will be done for the day.
Nice sunny morning here, and will be off to church later. I have been reading some of the other threads on FF and am amazed at how much fighting and abuse goes on in some of them. I am happy that on this thread, everyone stays civil and positive. I believe, fti, you have set a very professional and proper tone here. Nicely done.
I was taken by the number of people on other threads who are asking the question, "What do you think will happen Monday?" as if there is an answer to that question. The best response was, "We'll know on Tuesday"....
Thank You for your kind words.
It takes more than one to make a community. Like karen always says,Takes more than one hand to clap. Unfortunately, some don't speak, and we lost some people along the way. And the lady who asked me to start this in the first instance, leighsww. Life"s like that.
Guess, what the moderators go thru, and the owner of this site.I think is merlin. He gave space for this to happen.
Not forgetting, youtube and the posters there, that Zoran introduced me to, for providing the entertainment.
The people here , everyone plays a part. This thread is by all the lovely people here and for all the lovely people.:
Of course , the more money we make from the markets, the happier we will be.
Yes, this thread is really full of wisdom not only about trading, but generally abot life. Hope you Fti will keep posting your teachings , even if everything worthwhile is alredy presented.
Anyway thanks master
you're welcome, Ronin. In reality,trading is my life. Gave up ceo/ed position for the time to do it again.
And I am now in music meditation after a good nap, waiting for my life to start again in half a days time.
Actually trading is my life too, I knew I wanted to be a trader since I was 10. Only that now I can see the scorpions that I have to face before it will happen , and meditation it helped me a lot.
And for know preparing myself because tommorow I'm back on the battlefield.
In fact Ronin, as you are young, why don't you try make way into trading rooms. The training, exposure, and experience will test you to the fullest before you fight in markets for yourself. Then save your money and trade from a beach house. or where ever you fancy, like me.
Unfortunatelly here in Poland institutional trading is underdeveloped. Just few minor european proprietary trading firms, (no tier 1 banks).
And they hire mostly best business school students, also I've heard they don't give any good training.
Then go follow the money,wherever it takes you. I even had to live in New Jersey across the river Hudson, in a old sugar factory housing,thousands of miles from home, for a time due to postings. Even shabby motels and subway cubicles.. If you want it bad enough you will find the motivation to do whatever it takes. Give yourself the best opportunities you can get. In fact, when I was younger,I had lived in so many countries, I feel at home almost anywhere. But of course , I also had stayed in most 6 star accomodations too. It doesn't really matter. To me its all the same. But the adventure, you make of it,and you will remember.
Its only when you have started family then you gotta settle down.
Your capital is youth, and of course if you mastered what I presented, I don't see how you cannot make it.
Thanks for encouraging, ability to break own limitatins we've got it from our ancestors who fought to surwive for the whole generations. So I wont quit, anyway what to do if not win or die trying?
I asked myself the same question at times when I was at cross road. I always got the same answer-- "Die, then. I've lived in the way I prefer, nothing to regret. On the other hand, I'd be happy that I had the chance to try out. "
Hi,
To be highly motivated ,is a prerequisite to achieving any form of success in life's endevours, BUT of course the circumstances of the situation is paramount in the decision process. Learning the difference between prudence and over confidence is not an easy subject. Mostly it is about BALANCE.(yin yang ie mean) ie humility vs plain stubbornness.........
Since we are on the subject of Trading, I shall confine the outlook to just that.
It is very important as a trader to have some form of "sense"(bias) in most decisions made. Sometimes , our bias can be wrong. ( REMEMBER, you must never be trading bias alone, although you may have a bias, dancing her, may just save your butt , if you were on the wrong train.)....thinking required.
But you must remember that trading success, cannot be achieved by a singular event. May it be windfall profits or wipe out loss situation, although due to market variance , it can happen.
Success or failure must be determined by multiple events, therefore money management is important that no singular event should be allowed to wipe your capital out.
Similarly no singular event should give you sudden extreme windfall profits, and if it does, it is most likely that your risk/reward ratios are out of order. Or you got your volitility and sigma figures wrong. Worst case scenarios, is when all the -ve factors are at play in illiquidity.
Having understood the above, we can savely say that to be either very profitable or destroyed is going to be take multiple hits. Either you are CONSISTENTLY profitable or consistently loser. If you have performance consistency to above 80% you should be ok and doing it right.( for myself , it benchmark to 98%)
If you are win some lose some, then there may be some problems that you may have to address. And if you are consistently wrong than you had better stop trading before you run out of capital.
So there should never be do or die situations, if such had happened, then you are overly and excessively geared and overexposed. (This is self destruction)
or you may be scamed, which can happen if you chose the wrong counterparties to trade with. Based on what I had read , in so many threads, all over the forex forums, it can and had happened.
some deeper thinking required.
Also think about the impact of hostile trader robots that may be looking at blotters, maybe the geeks here can help out with some of the possibilities.
And I am not talking about robots with algos to make market( these may just be trying to stay alive in the market flow), but hostile robots that reads your blotter..........do you know what they can do? think spreads and untradeable flipping prices(requotes) . Ever wondered what that 5th pippet is for? Does the market move in pippets?
If robot algos can learn market behaviour, can hostile blotter submodules learn blotter persistency?
regards
Hint: SunZi Bing Fa, "if you know............................... .............."
some people, even tells market makers your tolerence, by stops.
I bet some market makers are reading, some brokers are asking for my bio details re comfirmation now. not the bank though.
A lot of news coming out today, so nimbleness (or quickies ) are highly recommended. One thing is for sure and that is knowing the difference between being involved in our trades and committed to them.
A chicken and a pig were discussing the breakfast menu - Bacon and Eggs. The chicken smiled and said "I am involved in that breakfast." The pig sighed and replied "I am committed."
yeah need to realign...still in the green though...thanks for ya reminder
If the pressure is building, then cutback some , and pocket some profits. Always trade to comfort level. Stressless and painless. Always rock steady, my friend.
I'm new to this thread - read just up to 100 pages.
Thanks fti for your time & consider money too coz 'time is money' lol & also thank to everyone in this thread.
Finally I've found the thread I was looking for so long where the real big guy teach you how they trade cos you want to catch their bus then you have to learn how they do it. And the best thing is that fti has been or still be the top gun from big institutions ( not one but many) and also high rank some more!!! so what we gain from this thread is not catching...
Thanks for all the kind words.
Read slowly and think about it.
then you have to have hands on practise. And do it small until you are satisfied of your probabilities.
fti,
You are not only a master of trader but yet you are very romantic person. I've seen the way you selected songs. I guess there would be many girls chasing after you when you were young or may be even now lol.
Hi pete,
Thanks pete , Welcome welcome Such a high chair, is dangerous for old man like me.
I guess I had my share of being naughty when I was younger. But now I am beyond that scope of activities.
Mainly I am a nature boy, when not stuck on the trade screens and phone and I devote the balance of what time I can, to my family and posting here. Social live is very limited to some old friends and a scout group. And I had been on the wagon for many years in so fra as liquor is concerned. But thanks for your observations. Does it show?
I post much of LiJun's song as I listen to lots of them, mainly because she was my friend , when she was touring Malaysia,Singapore and Indonesia in the late 70s. She was 4 years my senior, and she used to ride my scrabbler to the Port Dickson Beach, her favourite hide out then.
As sharp as you are, I would believe you will have a good understanding of what is presented about trading.
Good Fortune
regards
And since we are on a Teresa festival.
Careless Whispers
Yes, 愛につつまれ
娘心Mother's Heart
つぐない / 偿还(日)
When I can find the postings, One day I may show you her"private songbook"
I got no losing trades this week actually, all in +ve result, but drawback is double of my average make me uncomfortable, hence some fustration,
Will re-read as advised. But boss, sorry I don't like to walk away, usually I walk away I never come back. Rather deal with it now, no compulsive gambling here, rest assured.
Still usd bear....
hey, thats good , down tolerance is 3X average , you are still ok, stop banging yourself . Maybe thats the problem. You came to hunt, hunt.
As far as your book is concern , you're still good, of course could be better.
Like buffett said,
"excellence, you can work towards. Perfection, thats God's work."
Moreover , the minefield, wasn't easy to navigate this week, even I have scares for momento. But you come out alive, then, give yourself a good pat on the back, Do better tom.
Yes sir I hear you. This week I definately smoked more cigarettes than usual. If trading is a sport, then this week is golf, much prefer tennis or soccer.
Ah...usd not bull not bear..see see
and time factor expire already...zzzzzzz
sure, my friend, go get some shut eyes.
tom is another battle.
lol , Im used to this London volatility drop now , dunno why but Im really happy at getting used to it , I was stuck at the idea London should have the highest volitility , and when it doesnt , I get really worked up
too funny watching myself gettin all tensed from my rigidity...
its all fine now
good trade to all
edited
Hey , nice to hear you found your head.
See, relax, put some time between it and the tension will all go away.
You bounced back quite fast.
Hi fji'
And I had been on the wagon for many years in so fra as liquor is concerned. But thanks for your observations. Does it show?
Well this's the first time I've ever met in FF -post more songs than forex discussion.
2nd most of the thread said follow market flow or trend but this thread dancing with market even Genaral send armys by dancing waltz to rescuse.
3rd the way you communicate in this thread:- AOW, some poets, answering...
Hi pete,
Thanks again, for your compliments.Its a nice thought, but I have no women tripping all over me lately. Lest Karen, gets worried again, I have been a good boy.
In few a few words,the comment is that generally you got the analytics correct. Probably with your CFD trading experience its easy for you to understand.
Don't worry about brokers out to get you ,too much. At the unmarketable sizes (marketable even at bank retail is 250,000 USD a pop, interbank is 2 million USD) you are bound to be disadvantaged a little. Just don't get scamed. There are some real retail brokers out there that are busting they butts for your business. You just gotta find them out where you are.
Your perspective is PA, TA are somewhat agreeable, and I believe, based on your personal experiences.
I do not know if you had covered these subject in your reading of the thread. The Analysis portion will differ from one to another due to differences in experience, training and personal attributes.
The SunZi Bing Fa subset in mindset conditioning is of paramount importance because it shapes your Mode of thinking and your reflex abilities in running battles in the markets.
Also study the money management component well , that your mobilising of funds for market attempts are prudent and also allowing your the flexibility of manuvering and strategies.
Before you get on live trading , I would advise you to do some serious demo to feel the real impact of your MO in good and bad market scenarios. This is because you can easily be disorientated if you are not familiar to it. Also that changing from one level to another level of size exposures will have a mental effect on the trader. So a little conditioning would surve you well to at least get a general feel in the different market modes.
Lastly , if you feel ready, you should start from the smallest you can trade, and build. As I believe that if any trader cannot start small and build, the same will mostly not esp when big.
fti, I had a question for you that has been on my mind for some time now. In the US, there is much talk about the federal government establishing controls on pay for bankers. If you were suddenly compelled to cut pay for your good people, what would you do? It seems to me that if the big banks are unable to pay their good people competitive wages/bonuses, then the bank will be harmed when these people leave for greener pastures; the bank will be hurt when its earnings are reduced because they no longer have the people to do the job; or the bank...
Hi GEfx,
yes, hearing that as well. Only the details are still in fog.
The Banking Human resource, encompasses myrid levels of managers to operations staff. But from a Treasury room perspective, I feel. there could not be much impact, as good treasury officers already work on very flexible schemes of remuneration by performance. Most treasurers lived with the mindset that "A rose by any other name is still one and that if the boss wasn't going to pay to meet the talent, then some-one else would."
My personal feeling is that the greatest impact would be on the infrastructure for Training and development as this is the most unmeasurable on the P&L sheets amongst all the depts in Banks.
And,as you had mentioned, the knee jerk effect would be an exodus of the creme de la creme, out of US strongholds, to other zones. In many ways, NY's reputation as a vibrant Forex center had long diminished, even since the early 90s. In retrospect, new centers of Dubai and other smaller centers are already coming on stream with better perks. Even Frankfurt, Dusseldorf and Antwerp these center are growing rapidly at the expense of London. And with the participation of China with her reintroduction into the world economic scene since. We may likely see the development of new financial hubs there, even the re-renovation of the older vintaged hubs.
No, I had no contacts. In reality, I am off the super highways already, due to health issues and do not look forward to the fast lane lifestyle anymore.
It's so quiet around here. Hope you are all trading well and just too busy to chat. I traded carefully today and did not get much, but managed to get a few dozen pips. Back at it tomorrow. Will check in to see if anyone is here. Am I missing something? Did everyone move to another site? Now I am feeling left out -- lol.
Hi GEfx,
Hi I am still around, I don't know but you may be right.
Most probably thinks that they have got what they needed and had gone to make make it work.
Hi everyone, hope this is another good trading day. fti, this is a serious range trading market for sure, which requires focus and patience.
Been keeping an eye on US earnings reports and have noticed that most are making good earnings but missing the top line, so wonder when equity prices will react to the fact that recession is still hanging on in a big way.
Big Ben is in front of the US Senate today, but I think he said it all in front of the US House yesterday. Industrial orders in Europe weaker than expected, BOE seems to be sitting...
hey GEfx,
Difficult cross road now, lets see if NY have better ideas.
Nice coffee and relax for now.
OK, I think I will call it a day. Early scalping along with the last E/J trade, netted against a small loss on the CAD / E/J scalping effort, makes it a good trading day. Very tricky environment that requires great focus and attention to PA. TA work in the morning has been of little use, which for me is an exception, but PA rules everyday. Hope you are all doing well. Wish there were more people here.
Hi GEfx,
I read her right today.
She wanna play range . I play range strategies, and i kicked her donkey today both ways. And more kicking after NY lunch.
Hi fti, yes the ranges are pretty big, too. Glad to hear that you are trading today. I tried to trade and document here today as I was going along but that is kind of hard when range trading, but I think I got most of the action document here. Night.
Hi GEfx,
Thanks for your blotter, Seems you are scalping.
Anyway , You seem to know your stuff.
Trade well , when scalping be very nimble.
Seems the Currencies want to show strength, But mostly this is fight zone, So be on lookout for tussle, mostly trip to nowhere on the wide.
hola sir ,
hows ur other new trading avenue going ? index right ?
getting ready for a thunderstorm too , meanwhile implied hit n run strat
Hi maheswara,
the exchange membership approval is taking forever. So I am trading just the spots cash now.
Hope you are doing great, my friend.
yeap thunderstorm is coming, preparing the house. Hope Lusan had good sense to take of the tin foil, otherwise may get an awaken call from above.
markets in range still, be nimble.
regards
Now listening to collection, BBKIng - If I loved you baby. and a bit blues(but beautiful guitar and harmonica combination). I would extract for here, but the file is too large in Lossless format, most won't have the codec to play it. Moreover mp3 is large as well and youtube is dead.
PS:the save edit key on FF seems broken, and using edit key now.