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- alphaviech replied Mar 20, 2018
Pls see the post above that should give you an idea of how we handled positions. But the decisions were discretionary its not like your boss constantly asks whats going on. Maybe if they see a big swing in your P/L they ask whats going on but thats ...
- alphaviech replied Mar 20, 2018
There can be quite a big amount of flow through some of the bigger brokers but in the grand scheme of things I would agree its not enough to be significant in any way. There are directional positions but yeah they are on flow desks as pure prop is ...
- alphaviech replied Mar 20, 2018
Bank: yes and no - its not like you look at things in term of drawdown. they just look at the bottom line (adjusted by your costs). But i had regularly some positions that were down a few % but they were never a large junk of my overall position ...
- alphaviech replied Mar 20, 2018
If you have a relly big amount to do you dont just go out and hit the systems - there are execution algos that do that for you. They skew your prices within given parameters & hope to get hit on the systems.... if that doesnt happen within a certain ...
- alphaviech replied Mar 20, 2018
Buying a few beers and not trading out of boredom if there is a market environment that doesnt present any chances...
- alphaviech replied Mar 20, 2018
I didnt even know what a footprint chart was before I googled it just now. But to be honest I dont see the value in that - FX doesnt have a centralized order book anyways & in system like EBS you never know if the amounts you see are real or if some ...
- alphaviech replied Mar 20, 2018
Is your question if 2-3 percent was acceptable for me when I traded for a bank or if I would let it run that far on my own account now?
- alphaviech replied Mar 20, 2018
again i donīt feel qualified to give general advice as everyone has his own style.... Regarding the order book - its not like you have hundreds of millions every view pips. Imagine it more like a tool like technical analysis. If you look at charts ...
- alphaviech replied Mar 18, 2018
For general news I like CNBC & WSJMarkets... Sorry no exciting tips for you there
- alphaviech replied Mar 18, 2018
1) I never took pics on the trading floor as this is highly frowned upon and can get you in real trouble with your compliance department. 2) You mean largest order we had to work for a customer or largest clip size I traded at once or largest ...
- alphaviech replied Mar 18, 2018
Yeah I would tend to agree that intraday moves are largely random. The second part of your question I really don`t feel comfortable answering in a general way what is "better" I can just say what worked for me...Scalping when there were moves that i ...
- alphaviech replied Mar 18, 2018
I am more bullish on USD than bearish on the EUR hence only 2 positions involving the EUR. I think a lot of that policitcal nonsense has already price in (Just look at were DXY was a year ago) & as much as i dislike trump some of his economic ...
- alphaviech replied Mar 18, 2018
You can`t break it down to only vanilla options as your book consisted of everything that was in there. But you have a system in which you can run reports that basically shows you what your current delta is and how your position changes if the price ...
- alphaviech replied Mar 18, 2018
Well order book was always on one of the screens of course & when it comes to charts i just used really simple ones with RSI & Fibonacci levels. But that was just my personal preference - colleagues ranged from not using charts at all to charts that ...
- alphaviech replied Mar 18, 2018
1) Well it used to be Reuters and BBG. Now i use twitter & for big news events i think you can use something like CNBC or Bloomberg TV as they always cover the major news releases live. 2) Automated systems are simply better at market making. They ...
- alphaviech replied Mar 18, 2018
1) Loop orders based on how your delta changes/on what your views on the markets are 2) All you do is adjust the volatility the rest is priced automatically by the systems (for Vanilla). You dont need too much advanced math on a day to day basis ...
- alphaviech replied Mar 18, 2018
I think its mainly two things. 1) Humans like certainty which is something you will never have in trading. Seems like everyone is looking for some holy grail that always makes money which is something that doesnt exist. EVery system will lose money ...
- alphaviech replied Mar 18, 2018
1) Haha hell no! I think nobody that is always right would be stupid enough to work for a bank. But again you have to differentiate between taking prop positions and between handling the flow. Especially in G10 Flow trading is automated to a large ...
- alphaviech replied Mar 18, 2018
Ah yeah sorry I misunderstood the question. Yes I perosnally think its harder to trade profitable intraday than it is to trade long term. Two reasons a) I find it harder to predict short term market movements b) If you daytrade the costs you incur ...
- alphaviech replied Mar 18, 2018
I would say there is Traders that in/decrease positions a few times during the day but it`s pretty much impossible to run a book and do this purely on a "day trading" basis and be square overnight. Yeah i guess that obsession with intraday trades is ...