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  • #164,001
  • Nov 20, 2009 10:18am Nov 20, 2009 10:18am
Quoting gammase1
You're talking about collateral management side of the transaction,
rather than the trade itself. The collateral required from one deal would be netted against
the mark to market value of all other transactions with that particular counterparty.
This net collateral calculation process is in place to mitigate counterparty credit risk.

As has been pointed out by other posters, the buyer of the DNT will receive a payout
if spot remains within the range at all time from inception to expiry.

In order to enter the specific parameters of the DNT...
Excellent explanation of the mechanics. The Delta hedge is often used
on these one week expiries and lends some explaination to why it's not uncommon
to see the price start moving 180 degrees the other way when a barrier has been busted.
Sometimes it just plows through and keeps going if there's news moving the market,
but if the intent was just to bust the barrier, when that's done, the fun is usually over.

When the DNT gets touched, they'll offset the Delta also to close the position in spot
to recoup some of pips lost on the premium and that causes the "stop-on-a-dime" price recoil.

All in a day's work. Then it's on the next one.
  • #164,002
  • Nov 20, 2009 10:23am Nov 20, 2009 10:23am
im long @ 4860 target 4900

lets see if ive learnt anything
NOTHING VENTURED, NOTHING GAINED
  • #164,003
  • Nov 20, 2009 10:23am Nov 20, 2009 10:23am
just a subtle reminder.
new margin rule taking effect for FXCM traders next week
and others subsequently.

as usual, trade within your limits
I am both right and wrong, what's important is the amount of $$$ in my bank
  • #164,004
  • Nov 20, 2009 10:26am Nov 20, 2009 10:26am
Quoting franco73
thats what im waiting for the break of 4860, its 315am and i dont wanna goto bed incase i misss it

Still holding. You want to make sure the bar closed above the level to confirm break, if it doesn't it is only a false breakout.

Quote
im long @ 4860 target 4900

lets see if ive learnt anything
Too early? Don't enter a trade because you have to go to bed, there is plenty more opportunities after the weekend
  • #164,005
  • Nov 20, 2009 10:26am Nov 20, 2009 10:26am
Quoting franco73
i lost over half my capital in just 3 weeks, im back over half now but the last couple of days have been freaky.
Franco73 I don't want to be rude but your MM sucks big time if you've lost half of your account in just 3 weeks Remember rule not to risk more then 1-2% per trade (experienced traders can stretch this rule a bit but not by much). Otherwise it's just gambling. I've read that in general institutional traders trade only 1 standard lot size per 50.000$ capital (and they must have reason to do so).
  • #164,006
  • Nov 20, 2009 10:28am Nov 20, 2009 10:28am
Quoting cloggie
Still holding.

Too early? Don't enter a trade because you have to go to bed, there is plenty more opportunities after the weekend
im open to suggestions
im not going to bed i think ill hang
NOTHING VENTURED, NOTHING GAINED
  • #164,007
  • Nov 20, 2009 10:29am Nov 20, 2009 10:29am
Quoting franco73
im open to suggestions
im not going to bed i think ill hang
trade ur plan
Trade on your own risk Plan your trade&trade your plan dont be a
  • #164,008
  • Nov 20, 2009 10:32am Nov 20, 2009 10:32am
Quoting Trading Cat
trade ur plan
And don't take everything you read as gospel. Forums like this are great for entertainment to brighten up a quiet day behind a monitor for 15 hours. Take what you read here and mull it over, try to adapt it to your trading plan and style. Create your own strategy and system, one that work for you.


Oh and read up on R/R and Money mangement....
  • #164,009
  • Nov 20, 2009 10:34am Nov 20, 2009 10:34am
europe markets closed so will I now too.
dont feel like having a position open but when looking at the close of DAX, I see more downside potential.
nice weekend everyone.
off to the pub
over and out
the cat
Trade on your own risk Plan your trade&trade your plan dont be a
  • #164,010
  • Nov 20, 2009 10:35am Nov 20, 2009 10:35am
Hmmmm,

Most majors are in the same shape they were in exactly 2 weeks ago
(friday the 6th, Nov.)

Euro in the middle of the 148 handle, Swissy just under 102, Cad above 107,
Kiwi filled it's "gap" and trades a 72 and a half just like nothing happened,
Oz is a bit weaker but within a half cent of where is was 2 weeks ago and
remains between the 91 and 92 handles.

The only hold outs are, you guessed it, THE POUND and THE YEN.

We're exactly on full yen lower vs. the USD and one full cent lower on cable during this segment of time.

Pairs to watch next week will be EUR/GBP and XXX/JPY (any), since nothing else is really going anywhere yet.
  • #164,011
  • Nov 20, 2009 10:36am Nov 20, 2009 10:36am
Quoting cloggie
And don't take everything you read as gospel. Forums like this are great for entertainment to brighten up a quiet day behind a monitor for 15 hours. Take what you read here and mull it over, try to adapt it to your trading plan and style. Create your own strategy and system, one that work for you.


Oh and read up on R/R and Money mangement....
i trade between the lines so do speak, i use pivots, support and resistance, 4860 S1 was my next entry and 4900 is just below my central pivot
NOTHING VENTURED, NOTHING GAINED
  • #164,012
  • Nov 20, 2009 10:39am Nov 20, 2009 10:39am
almost hitted 1.48000 ,,,
holding 1.4950 S from 2days now, hope it gets on monday.

good luck all of you!!
  • #164,013
  • Nov 20, 2009 10:56am Nov 20, 2009 10:56am
Quoting franco73
i trade between the lines so do speak, i use pivots, support and resistance, 4860 S1 was my next entry and 4900 is just below my central pivot
heres something i learned in my 2 years live...it may help you..it may not.

When pa approaches a critical level, whether support or resistance....the first tap is "usually" just a "knock on the door". Based on that first reaction on the second attempt the ones behind the door (if its bears like in this case)..they will either let you(the bull) pass no problem, just open the door a bit only to slam it in your face (false break up)...or not open it at all and pa has no choice but to retreat (path of least resistance).

In this particular scenario, 1.4860 was strong support a few days ago...today we broke it and this retest will make it either resistance or prove its still support. My message in all this is....your timing for this particular trade was a bit premature..just my 2 cents. Pa is just knocking on that 1.4860 door. Not even one 15min candlestick closed above that level when you entered.

Other then your key levels...which we all have as its a must...what other "tools" do you use to determine whether when pa reaches a critical level it will get broken..or pa will bounce off it?
Different opinions highly valued, ignorant to slander.
  • #164,014
  • Nov 20, 2009 10:57am Nov 20, 2009 10:57am
Quoting franco73
i trade between the lines so do speak, i use pivots, support and resistance, 4860 S1 was my next entry and 4900 is just below my central pivot
I don't see many people discussing it because when you have one you don't want to give it away, but what's your edge? Everyone knows about pivots, S/R, etc, so therefore they aren't very useful to trade. A trader that consistently makes profits is going to have some advantage that others don't have or are unaware of. Best book I ever read about trading was about how a trader should prove everything to themselves. You trade pivots? Have you done an analysis on them? Proven that they are profitable in the way you use them? For every model I use I have a number next to it that shows me the percent that it has been profitable over X number of days. If that number falls below 55 or so I quit considering it. Also, never base a trade on one indicator, model, etc. I used to think finding an edge was difficult, but not anymore. It takes times but in the end pays off big.
  • #164,015
  • Nov 20, 2009 11:00am Nov 20, 2009 11:00am
Psidog good post. I usually wait 30mins to 2-hr for a valid break. Depending on the strenghth of the level. A daily close above a critical level is a good sign a weekley close very good sign
  • #164,016
  • Nov 20, 2009 11:02am Nov 20, 2009 11:02am
Quoting psiholog
heres something i learned in my 2 years live...it may help you..it may not.

When pa approaches a critical level, whether support or resistance....the first tap is "usually" just a "knock on the door". Based on that first reaction on the second attempt the ones behind the door (if its bears like in this case)..they will either let you(the bull) pass no problem, just open the door a bit only to slam it in your face (false break up)...or not open it at all and pa has no choice but to retreat (path of least resistance).

In this particular scenario,...
i love this explanation..thank u for putting in a very understandable way
  • #164,017
  • Nov 20, 2009 11:10am Nov 20, 2009 11:10am
Quoting psiholog
heres something i learned in my 2 years live...it may help you..it may not.

When pa approaches a critical level, whether support or resistance....the first tap is "usually" just a "knock on the door". Based on that first reaction on the second attempt the ones behind the door (if its bears like in this case)..they will either let you(the bull) pass no problem, just open the door a bit only to slam it in your face (false break up)...or not open it at all and pa has no choice but to retreat (path of least resistance).

In this particular scenario,...
atm only those and i just recently plotted TL"s, i do have a couple of ma's on chart as well but i havent really learnt the true value of them they seem to be either way too slow or way too fast

i am just learning and going through the process, so any insight is very welcome
NOTHING VENTURED, NOTHING GAINED
  • #164,018
  • Nov 20, 2009 11:13am Nov 20, 2009 11:13am
Quoting nAVIN2007
i love this explanation..thank u for putting in a very understandable way
I too enjoyed psiholog's analogy of the "knocking at the door" bit.
Unfortunately, there was not enough nudity to suit my tastes.

In my version, the people waiting behind the door are BUTT NAKED.
In fact, everyone's nude....coming and going.... long and short.

When they slam the door, better hold on to your junk
  • #164,019
  • Nov 20, 2009 11:13am Nov 20, 2009 11:13am
Watch out for GU
I am both right and wrong, what's important is the amount of $$$ in my bank
  • #164,020
  • Nov 20, 2009 11:15am Nov 20, 2009 11:15am
Quoting franco73
atm only those and i just recently plotted TL"s, i do have a couple of ma's on chart as well but i havent really learnt the true value of them they seem to be either way too slow or way too fast

i am just learning and going through the process, so any insight is very welcome
Do some more exploring here on FF, there are some good threads helping out with explanations and examples on PA's/ SR's/ MA's trends etc.
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