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A brief summary of what I learned in the past 17 years

  • #41
  • Oct 7, 2018 10:11am Oct 7, 2018 10:11am
Hello Heshuhan,

Thanks for sharing your experiences. Very informative first post is. I have checked the attached pdf. Impressive. Following your posts to see what more you will share. Hopefully nothing goes commercial. Regarding your sharing your fundamental view & live trading you can use Google hangout air which you can use to host free webinar for whoever wants to join. Easy is to use YouTube live streaming, you will share the link here people can watch live & comments to speak with you. The video will be recorded & will stay on your channel so other people can check later.

Best Regards.
How big can you think!
  • #42
  • Oct 7, 2018 10:12am Oct 7, 2018 10:12am
Quoting heshuhan
{quote} Dear Sir, No I do not use it, as I considered the three following factors: 1. There are 70+ Tier 1, 2, 3 LPs in spot FX around the world. Spot FX is OTC. It is difficult to obtain 100% reliable sources of order flow, volume and market depth from all of them, even if you managed to aggregate them, which is too costly - since to maintain relationship with them typically you need some level of business flow directed to them. 2. One can, however, obtain sources from centralized location such as CME GLOBEX FX Futures (eg. 6E, 6J, 6B etc). However,...
can i know the name of the software..

Thnks for great sharing
  • #43
  • Oct 7, 2018 10:17am Oct 7, 2018 10:17am
Quoting heispark
{quote} Hello, Thank you for sharing all the good information! What do you think of trading currency futures instead of forex? Are you still trading futures products? What do you think pros and cons of trading currency futures? I would like to listen to your personal opinion. Thanks,
Dear Sir,

Yes I am still trading other derivatives including futures and options but most of them are used to hedge against positions (relatively less speculative in nature).

I'd think the currency futures have less price spikes than spot, for example, on a shorter timeframe like 5 min bars; my guess is because its centralized exchange quotation thus less variation in marry trade quotes off the natural bids and offers; or perhaps smart routing dictates that they have to provide NBBO (National Best Bid-offer) aggregation.

The only drawback is that the liquidity is not high compared to spot. Thus, you will get very wide spreads on high volatility (which usually leads to bad fills), and relatively (but not that much) slower execution for block trades.

I am investigating this, seemed to have been announced last year, most probably uses FIX 4.4 or FIX 5.0 but I have no idea how it works at the moment and how to implement it properly through API to PB:

https://www.cmegroup.com/tools-infor...t/fx-link.html

Regards,
Mr. He
  • #44
  • Oct 7, 2018 10:57am Oct 7, 2018 10:57am
Dear Sir,
Very interesting and eye opening to see your posting.
How about using facebook live ?
Inserted Video



https://www.youtube.com/results?sear...sktop+computer


https://iag.me/socialmedia/broadcast...facebook-live/

Thank you
From Singapore
  • #45
  • Oct 7, 2018 11:43am Oct 7, 2018 11:43am
Quoting Aar
Hello Heshuhan, Thanks for sharing your experiences. Very informative first post is. I have checked the attached pdf. Impressive. Following your posts to see what more you will share. Hopefully nothing goes commercial. Regarding your sharing your fundamental view & live trading you can use Google hangout air which you can use to host free webinar for whoever wants to join. Easy is to use YouTube live streaming, you will share the link here people can watch live & comments to speak with you. The video will be recorded & will stay on your channel...
Dear Sir,

I'd think that if I go youtube or facebook there will really be a tendency to becoming commercial. Would rather it stay in the FF threads.

I saw your profile that you are from Bangladesh, would I be correct to say that?

I am highly keen to visit your country. Since every year BB would send some joint directors to attend my lessons at AIT, last year they have opened and invitation for me to visit Bangladesh but I have not planned it yet. If going, most probably will be late 2019. Perhaps can meet you for tea, if its near your place where I am going.

Regards,
Mr. He
  • #46
  • Oct 7, 2018 11:46am Oct 7, 2018 11:46am
Quoting klkk
Dear Sir, Very interesting and eye opening to see your posting. How about using facebook live ? https://www.youtube.com/watch?v=Enby3WeFEoc https://www.youtube.com/results?sear...sktop+computer https://iag.me/socialmedia/broadcast...facebook-live/ Thank you From Singapore
Dear Sir,

Does the avatar name "klkk" literally means "roaming around?"?

Greetings from CCK Singapore.

Regards,
Mr. He
  • #47
  • Oct 7, 2018 12:55pm Oct 7, 2018 12:55pm
Quoting heshuhan
Dear professional traders and fellow learners of the market, I would like to take this opportunity to share with you what I've learned over the past 17 years of trading in a brief, easy to understand, point form. I started trading in the floor around 18, back in 2001. Now I'm 34, and doing my own prop shop. I'm not a commercial trainer. Most of my teaching is done at various Universities in Asia, primarily for students coming from central banks and commercial banks, specializing on the topic of using FX as means of treasury management, on an institutional/national...
hello,

really interresting, im even not a real friend of MT4, general, befor im trading MT4 i use MT5. i know, its not much better, but better.

can you tell us, what is your preferd trading plattform? as second i use Oanda, but as your wrote, its even not the best and since the offer MT4 as well, the spread is way to high.

where you get your makro news?
can i test some of your hobby indicators or EA? will be very interresting

amando
The biggest drawdown is ahead of you
  • #48
  • Oct 7, 2018 2:27pm Oct 7, 2018 2:27pm
Quoting heshuhan
{quote} Dear Sir, I'd think that if I go youtube or facebook there will really be a tendency to becoming commercial. Would rather it stay in the FF threads. I saw your profile that you are from Bangladesh, would I be correct to say that? I am highly keen to visit your country. Since every year BB would send some joint directors to attend my lessons at AIT, last year they have opened and invitation for me to visit Bangladesh but I have not planned it yet. If going, most probably will be late 2019. Perhaps can meet you for tea, if its near your place...
Hello Heshuhan,

Thats correct in a way. FF admin may find that commercial approach or to some other traders it might seem like that. Its better to stay within the thread.

Thats right, I am from Bangladesh. It will be amazing to meet you in person, you are always welcome. I am in the same city where BB is. If i am in the country in late 2019 then we will meet certainly. Till then i will try to learn what fundamental+technical approaches & the experience+knowledges you share here in this thread. I will be following.

Best Regards.
How big can you think!
  • #49
  • Oct 7, 2018 3:21pm Oct 7, 2018 3:21pm
Quoting heshuhan
doing my own prop shop
hi Heshuhan ,

can you say something more about your prop firm ?

cheers ,
MXT
  • #50
  • Oct 7, 2018 6:57pm Oct 7, 2018 6:57pm
Dear all,

Here is the link to the file which you can replay on Teamviewer.

The market was very slow just now. I'll do another one in the London session and post again.

https://www.dropbox.com/s/gdqnr3zjih...04.58.tvs?dl=0

Regards,
MR. He
  • #51
  • Oct 7, 2018 7:14pm Oct 7, 2018 7:14pm

Quoting amando77
{quote} hello, really interresting, im even not a real friend of MT4, general, befor im trading MT4 i use MT5. i know, its not much better, but better. can you tell us, what is your preferd trading plattform? as second i use Oanda, but as your wrote, its even not the best and since the offer MT4 as well, the spread is way to high. where you get your makro news? can i test some of your hobby indicators or EA? will be very interresting amando


Dear Sir,


Attached is a "Famous" EA which I distributed freely to the public in the past.


Unfortunately a number of commercial vendors pirated my stuff and sold them commercially, without the right settings, causing disruptions to their clients.


Remember to use the SET file attached. Kindly rename the TXT file to .SET extension, as FF doesn't allow me to upload SET files direct. The default settings are rather random. Use it on a tight spread, low cost broker.


Disclaimer: Use at own risk


Regards,


Attached File(s)
File Type: ex4 Shuhan Hedge EA X-2.ex4   140 KB | 526 downloads
File Type: txt X-2 Pepper.txt   6 KB | 572 downloads
  • #52
  • Oct 7, 2018 8:03pm Oct 7, 2018 8:03pm
Quoting heshuhan
{quote} Dear Sir, Attached is a "Famous" EA which I distributed freely to the public in the past. Unfortunately a number of commercial vendors pirated my stuff and sold them commercially, without the right settings, causing disruptions to their clients. Remember to use the SET file attached. Kindly rename the TXT file to .SET extension, as FF doesn't allow me to upload SET files direct. The default settings are rather random. Use it on a tight spread, low cost broker. Disclaimer: Use at own risk Regards, {file} {file}
You are a fraud, buyer beware.
When you see it, BET big.
  • #53
  • Oct 7, 2018 8:21pm Oct 7, 2018 8:21pm
Quoting heshuhan
{quote} Dear Sir, I'm sorry that you felt this way. I have "died" at least 3 times in the past 17 years in the hands of the market and myself, unofficially from millions to bankrupt 3 times and over. The first time was when I was 21, but I blew it within a few months by doing martingale (So I do not recommend it). Second time was when I was 24, blew it on drugs, alcohol and hookers. Third time was in 2008 when I overconfident of the housing markets (I've learned to pay attention to fundamentals more since then). When I made those money, I used to...
Greetings Mr He... you said you blew millions 3 times first when you were 21 then 24 then in 2008 which I believe you were 27. Could you also tell us briefly where and how did you make those millions when you were just 21 and also your fast recovery from bankruptcy when you lost millions again at 24 and 27. Your experience will surely be a real eye popping lesson for all of us here to learn from.

Cheers
  • #54
  • Oct 7, 2018 8:34pm Oct 7, 2018 8:34pm
Quoting genghistar
{quote} Greetings Mr He... you said you blew millions 3 times first when you were 21 then 24 then in 2008 which I believe you were 27. Could you also tell us briefly where and how did you make those millions when you were just 21 and also your fast recovery from bankruptcy when you lost millions again at 24 and 27. Your experience will surely be a real eye popping lesson for all of us here to learn from. Cheers
Dear Sir,

I took an apprenticeship under my master back in 18. He gave me sufficient capital to trade as a self-directed futures trader, trading mainly the E-mini S&P. Back then it was very easy, since in 2001 it was post dot-com recovery and just keep going long non stop.

Second time was trading SPX options using Interactive Brokers. That one might be more spectacular for I was basically writing options naked (very, very risky) and when the greeks worked in my favour, almost 95% of the options I wrote expired worthless, so made quite a bit.

Third time I remember I was using Hotspotfx (now known as Knight Capital Group). I remember that day the Housing Price Index was announced....the quote screen for sell went blank, and I couldn't sell off my longs, which I keep accumulating as I was confident in the USA housing markets. So not being able to sell, I keep buying more and more until blown. Then I had to borrow money from friends who are real to me, and then turned short; and like the first time, since it was trending, keep shorting.

After 3 times going like this I think I won't be so lucky again. Thus, I dwelled more into swing trading and eventually into intraday trading, which is mostly what I do now. I started with indicators and price patterns, like most of us do. But I find it quite ambigious sometimes. For example, if price hits a 61.8% fib node, it might just pierce through and never come back and yet sometimes it works. Thus it is confusing to me. Eventually went deeper into fundamentals, which I guess helped me a lot in differentiating between reversals and retracements (I basically see short term pullbacks as retracements if the fundamental still holds).

I think I talked about some of it in the teamviewer video I recorded just now. Might want to download and take a look.

Regards,
Mr. He
  • #55
  • Oct 7, 2018 8:44pm Oct 7, 2018 8:44pm
Quoting heshuhan
{quote} Dear Sir, I took an apprenticeship under my master back in 18. He gave me sufficient capital to trade as a self-directed futures trader, trading mainly the E-mini S&P. Back then it was very easy, since in 2001 it was post dot-com recovery and just keep going long non stop. Second time was trading SPX options using Interactive Brokers. That one might be more spectacular for I was basically writing options naked (very, very risky) and when the greeks worked in my favour, almost 95% of the options I wrote expired worthless, so made quite a...
So basically your rich master and you were basically gambling if I may say so both in US equity options and housing bubbles. So when did you start doing forex becos you said you worked in the floor.
  • #56
  • Oct 7, 2018 8:47pm Oct 7, 2018 8:47pm
Quoting genghistar
{quote} So basically your rich master and you were basically gambling if I may say so both in US equity options and housing bubbles. So when did you start doing forex becos you said you worked in the floor.
Dear Sir,

Started in late 2006 to early 2007 with FXCM. Might want to check my LinkedIn, should have some archives about newspaper interview that time.

Regards,
Mr. He
  • #57
  • Oct 7, 2018 8:52pm Oct 7, 2018 8:52pm
Quoting heshuhan
{quote} Dear Sir, Started in late 2006 to early 2007 with FXCM. Might want to check my LinkedIn, should have some archives about newspaper interview that time. Regards, Mr. He
You wrote here you were doing a $40/ trade on U/J in 2008 when you had millions?
Also what's the name of your prop firm and contact in Singapore?
  • #58
  • Oct 7, 2018 8:57pm Oct 7, 2018 8:57pm
Quoting genghistar
{quote} You wrote here you were doing a $40/ trade on U/J in 2008 when you had millions? Also what's the name of your prop firm and contact in Singapore?
Dear Sir,

Not sure where did I write about $40 on the UJ though. Might have been from somewhere else.

Attached are 2 photos of me back in the earlier trading career. One pre-market brief with trading team and one newspaper article about me back in 2007. Both are in my linkedin.

Regards,
Mr. He
Attached Images
  • #59
  • Oct 7, 2018 9:02pm Oct 7, 2018 9:02pm
I suggest let heshuhan say his piece everyone. He is not selling anything and no one has to follow his method but if you guys are going to go on the attack, the poor guy is going to run away from this (sometimes) unfriendly forum. Just chill out and promote peace and give the guy a chance. ok?
  • #60
  • Oct 7, 2018 9:06pm Oct 7, 2018 9:06pm
Quoting heshuhan
{quote} Dear Sir, Not sure where did I write about $40 on the UJ though. Might have been from somewhere else. Attached are 2 photos of me back in the earlier trading career. One pre-market brief with trading team and one newspaper article about me back in 2007. Both are in my linkedin. Regards, Mr. He {image} {image}
That was impressive so what happen to your fund now and what are you doing here in a public forum now.. And are you still trading forex now?
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