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- SoyYoConBonete replied Apr 19, 2006
Thank you all for your messages. So are you guys suggesting that the POC shouldn't be filled? I got an e-mail from sitrick.com (the people that are apparently handling the communication from Refco) saying this: "It won’t hurt to fill out a proof of ...
- SoyYoConBonete replied Mar 9, 2006
Hi emperor, I think profit % is only meaningful when compared to the risks you're taking. I've seen many trader make 40% a month for 3 months and then lose 90% in the following one. Also, I don't think 2-3% a month is bad, or "good for a part-time ...
- SoyYoConBonete replied Jan 9, 2006
Thank you and Th_Wenzel very much. You'll have my $99 in the next couple of days It's sad that so many "legal" warnings have to be made about live calls. I guess there's a lot of people out there trying to sue their way to riches. Is it one of ...
- SoyYoConBonete replied Jan 9, 2006
I'm also very interested in joining this group, but would first like to know if there will be live trading calls in addition to the material. I'm asking this because I feel that any education without actual examples of application isn't very useful ...
- SoyYoConBonete replied Dec 15, 2005
Hi james, I was considering it taking it; but I wasn't able to find any "confluence" point with which to support the trade. Did you use any confluence or just entered after the pin bar? Thank you very much for all your help, Bonete
- SoyYoConBonete replied Nov 11, 2005
WTB, I agree 100% with you. My point is that learning the system and skills is usually diregarded as the easy aspect of trading, when it is far from being easy or simple. Even an "authority" like Van Tharp disregards it. Seems like he shot himself ...
- SoyYoConBonete replied Nov 11, 2005
Thanks you all for your input. Fiji, I'm very sorry for the misquote, I never intended to put words in your mouth. I liked what you said here: As it's clear from my post, my personal belief is that lack of discipline AND inability to learn market ...
- SoyYoConBonete replied Oct 18, 2005
I have a live acct with them and this is starting to look really ugly. Maybe anyone with more years of trading experience can tell us if somethig like this has happened in the recent past? What was the outcome? Thanks, Bonete
- SoyYoConBonete replied Oct 11, 2005
Intermarket? — Hi FT! First of all, thank you very much for doing this. The review is great. Puts my own contributions to firedave's thread to shame I don't quite get how is it that this is an "intermarket" analysis tool. I mean, I assume ...
- SoyYoConBonete replied Oct 8, 2005
I think it's because brokers won't honor your stops during news. So if EUR/USD spiked 100 pips against your position when the release came, you will be stopped out at -100, even if your stop was just, say, 20 pips. Best regards, Bonete
- SoyYoConBonete replied Sep 21, 2005
I still don't get it... for example, let's say a broker pulls a quick 20-pip spike down. This would of course take several stops on long positions; but it would also trigger a bunch of limit orders to close shorts (for a quick 20-pip gain for the ...
- SoyYoConBonete replied Sep 21, 2005
Hi merlin, Just checked the WTO data, total world trade in 2003 was about 9 trillion. That gives 36 billion dollars a day. And that's 2.5% of the 1.5 trillion dollars traded every day When you say "hedgers", do you also mean import/export firms? ...
- SoyYoConBonete replied Sep 20, 2005
But if they "stall" the market on purpose, wouldn't they be also actually saving the opposite positions from hitting their stoploss? So they would be damaging some customers but helping others? I'm sorry that I keep playing devil's advocate here; ...
- SoyYoConBonete replied Sep 20, 2005
Hi boycie, I hadn't read your interesting post yet when I wrote that. May I ask what kind of manipulation is a normal practice? From a thread in this forum where arb possibilities are being investigated, I believe they found that they do happen, ...
- SoyYoConBonete replied Sep 20, 2005
Well, in that case you just shoot for a 10-20 pip arb. I agree, you can't be sure if it's normal price movement or manipulation. But then, how can you conclude that brokers are manipulating the markets at all? Best regards, Bonete
- SoyYoConBonete replied Sep 20, 2005
Thanks for clarifying. Although I can't prove this either, I believe that this kind of manipulation is VERY unlikely. If what you are saying is true, it would be very easy to take advantage of it: 1) Buy anything, place stop 50 pips below at broker ...
- SoyYoConBonete replied Sep 20, 2005
Hi Nader, Could you please explain this? Are you saying that your broker could move the market, say, 50 pips, only in order to take your position? Thank you, Bonete
- SoyYoConBonete replied Sep 20, 2005
I don't think this is true. If by "hedgers" we are talking about people involved in importing/exporting who are looking to reduce their exchange risk, then it's impossible for them to account for 80% of the market, simply because daily world trade ...
- SoyYoConBonete replied Aug 17, 2005
Sorry for this somehow off-topic post. I haven't been paying much attention to the forum for some weeks now, and return to find out that many prople are doing great, read the wonderful james' thread, and keep reading about the MB (MuddBuddha?) ...
- SoyYoConBonete replied Aug 16, 2005
If I am not mistaken, what happens when you buy/sell currency is that your broker "lends" you money so that you can buy other currency with it. For example, let's say you buy 1 mini lot (10,000 units) EUR/USD. In this case the broker lends you about ...