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  • #1,158,201
  • Jul 18, 2019 2:53pm Jul 18, 2019 2:53pm
Quoting renatusmusic
{quote} Ha, it was some numpty at Goldman and now every floor in London uses it. I was just referring to all the comments that were certain gains would be capped at 1250 and ridiculed any other opinion its burst 1250 and we haven't even had the rates Just as a lessons learnt, an economy doesn't rattle around such tight ranges unless you day trade (which is nonsense). You can't look at singular events/news releases and try to "trade" it - that's not fundamental trading, that's money burning. I'm not saying 1200...
wow man, really appreciated this reply I just though you were implying to some "muppet" here (playing with DEMO - muppet money) that went rather GOOD-IN in this one, publicly... and is, at least atm, swallowing it good, publicly...
Can you afford to take that chance?
  • #1,158,202
  • Jul 18, 2019 2:53pm Jul 18, 2019 2:53pm
Oh, and for those who want to trade "like a bank" or trade "at bank levels" ...

IB's objective isn't to trade to make money (EDIT) from taking positions. Their job is to take the opposite position of large specs to provide liquidity and put positions on their books they don't even want (we call this negative selection).

Their job is to sell that and get it off their books and usually it's the muppet money who think prices are capped at 1250 that they sell it to

So yeh, you can trade "like a bank" or "at bank levels"; to every professional floor in the world, that just basically means you want dog shit positions that you don't even want
  • #1,158,203
  • Jul 18, 2019 2:57pm Jul 18, 2019 2:57pm
Quoting renatusmusic
Oh, and for those who want to trade "like a bank" or trade "at bank levels" ... IB's objective isn't to trade to make money. Their job is to take the opposite position of large specs to provide liquidity and put positions on their books they don't even want (we call this negative selection). Their job is to sell that and get it off their books and usually it's the muppet money who think prices are capped at 1250 that they sell it to So yeh, you can trade "like a bank" or "at bank levels"; to every professional floor...
Yeah, I had/have very hard time explaining this to, specially daily-traders.. that they do not OPEN or CLOSE (like with TP, SL)... and why "the prediction", if possible.. would be GOLD for them...
TP/SL levels are just for small people like us... BIG BANGS, afaik.. do not even have/set them, at least they shouldn't.. just positioning/exposing themselves.. correctly... AND they naked "trade" or so to speak (just supply/demand)... Thanks for the input. I used to post certain forecasts that were unappreciated for dailytraders.. if it didn't happen almost immediately within certain "golden" TP:SL level.. But I knew/know it would be gold for (I)Bs.
That is why I split prediction (markets) here to prediction, trades and even this latest r2r test
Can you afford to take that chance?
  • #1,158,204
  • Jul 18, 2019 3:01pm Jul 18, 2019 3:01pm
Quoting auricforecas
{quote} Yeah, I had/have very hard time explaining this to, specially daily-traders.. that they do not OPEN or CLOSE (like with TP, SL)... and why "the prediction", if possible.. would be GOLD for them... TP/SL levels are just for small people like us... BIG BANGS, afaik.. do not even have/set them, at least they shouldn't.. just positioning/exposing themselves.. correctly... AND they naked "trade" or so to speak (just supply/demand)... Thanks for the input. I used to post certain forecasts that were unappreciated for dailytraders.. if it didn't...
I don't really mind. Like I said, I trade with a prime of prime and direct access to liquidity. I need muppets to give me that liquidity because we all know what happens when it is thin
  • #1,158,205
  • Jul 18, 2019 3:05pm Jul 18, 2019 3:05pm
Quoting renatusmusic
{quote} I don't really mind. Like I said, I trade with a prime of prime and direct access to liquidity. I need muppets to give me that liquidity because we all know what happens when it is thin
Nice man! Got me interested... Will skip-check some of your posts... You work(ed) in IB? I noticed/heard/believe many got/have completely distorted picture...
Like IBs thinking/pretending they are traders and "traders" pretending to be IBs When most of the time IBs are just good-boy obeying nerds (untill they maybe upgrade to SELLS) and traders are just addicts... Oversimplification, but just to get the point

BTW like this guy, do not agree with everything he says/thinks/believes.. but I think he nailed quite some truths there..
Inserted Video
Can you afford to take that chance?
  • #1,158,206
  • Jul 18, 2019 3:25pm Jul 18, 2019 3:25pm
I can see eur/usd continue to be volatile because of negative news from the big euro countries
TE started 6/4/19
  • #1,158,207
  • Jul 18, 2019 3:25pm Jul 18, 2019 3:25pm
Quoting auricforecas
Btw @seenkat, if someone ignores you personally, you can not post in their thread, the forum (software) prevents it?
Ok just found it out myself If anyone else is wondering, it seems you can not post in someones thread, if the owner of the thread (personally?) ignores you...
Was ignored too, can not post "there"...

As I said before, THIS (EURUSD) is my favourite EURUSD thread and it seems the only (dedicated - EURUSD wise) one from now on
Can you afford to take that chance?
  • #1,158,208
  • Edited 4:00pm Jul 18, 2019 3:35pm | Edited 4:00pm
Quoting Marz30
I can see eur/usd continue to be volatile because of negative news from the big euro countries
The negative from PIGS is/was bad enough, remember the Greece situation... If any one of the "BIG" even mention some serious negativity... volatility will be the least of our concerns Basically any friction in/among DE/FR.. might seriously jeopardise it(s existence)... Hopes for UK to join in (hidden hopes maybe, before the brexit) are now seems to completely gone for obvious reasons.
Can you afford to take that chance?
  • #1,158,209
  • Jul 18, 2019 3:39pm Jul 18, 2019 3:39pm
Would not be surprised if EURUSD rises (another) 20PIPs+ in the next 2-24h
Glad to be out of positions for the week though.
Can you afford to take that chance?
  • #1,158,210
  • Jul 18, 2019 3:43pm Jul 18, 2019 3:43pm
eu is overextended now. will cool down then another push later on Friday. buy mild dips - only viable option now.
  • #1,158,211
  • Jul 18, 2019 3:43pm Jul 18, 2019 3:43pm
Friday is one of the bigger/better movers due to weekly option expiration, fyi.
  • #1,158,212
  • Jul 18, 2019 4:04pm Jul 18, 2019 4:04pm
Quoting asgcorp
Friday is one of the bigger/better movers due to weekly option expiration, fyi.
I usually dislike Fridays, specially after London/EU (forces) runs out of steam - afternoon - EU time... In this rather stall market I was many times LOCKED in the position over weekend (which I really dislike, at least for certain type of trades)... The good side though, at least for the SHORTs... got some rollovers Got me thinking to have some strategy... with at least ZERO (trading) return that would exploit this high-leveraged swaps Much better than money in the bank.. but riskier... It would outperform some (good funds too I have hard time explaining to people... in trading or business... that ZERO might be a very good number in strict (net) returns etc... because you could be milking it elsewhere...
Can you afford to take that chance?
  • #1,158,213
  • Jul 18, 2019 5:30pm Jul 18, 2019 5:30pm
whaaat!?
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  • #1,158,214
  • Jul 18, 2019 5:38pm Jul 18, 2019 5:38pm
RIP day traders.
  • #1,158,215
  • Jul 18, 2019 5:48pm Jul 18, 2019 5:48pm
Quoting renatusmusic
RIP day traders.
lol

that is why I swing trade
Don't Worry Be Happy
  • #1,158,216
  • Jul 18, 2019 5:57pm Jul 18, 2019 5:57pm
Quoting asgcorp
whaaat!? {image}
Heh, wondering if this Williams guy was trading/retiring on/from this trade/speech
Can you afford to take that chance?
  • #1,158,217
  • Jul 18, 2019 6:39pm Jul 18, 2019 6:39pm
Quoting asgcorp
whaaat!? {image}
must be technical as it affect all dollar crosses
TE started 6/4/19
  • #1,158,218
  • Jul 18, 2019 7:08pm Jul 18, 2019 7:08pm
RIP again

And they ask why I only consider at least 5 days+ with volatility and 2 weeks+ without, "short term".

(I really shouldn't be monitoring this sh*t tick by tick, especially as I've still got 2 weeks till it plays out)
  • #1,158,219
  • Jul 18, 2019 11:14pm Jul 18, 2019 11:14pm
Quoting khalid33
Long 1.1216 .. stop 1.1150 .. target 1.17

stop moved to B/E
  • #1,158,220
  • Jul 19, 2019 12:02am Jul 19, 2019 12:02am
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yes yes yes
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