DislikedGive him a break theres nothing wrong with having ideas and theres nothing wrong with being wrong eitherIgnored
- #121
- Aug 6, 2010 11:13pm Aug 6, 2010 11:13pm
- Joined Apr 2008 | Status: Parsimony Rulez! | 3,216 Posts
- #122
- Aug 6, 2010 11:15pm Aug 6, 2010 11:15pm
- Joined Feb 2008 | Status: Trader | 6,736 Posts
Time hides Nothing
- #123
- Aug 6, 2010 11:16pm Aug 6, 2010 11:16pm
- Joined Apr 2008 | Status: Parsimony Rulez! | 3,216 Posts
- #124
- Aug 6, 2010 11:59pm Aug 6, 2010 11:59pm
- | Joined Aug 2009 | Status: Trader | 1,074 Posts
I guess we live and learn... But if he never posted this thread he may have never found it out
I'm sure we could make a decent demotivation/fail poster out of this
.
- #125
- Aug 7, 2010 12:35am Aug 7, 2010 12:35am
- Joined Feb 2008 | Status: Trader | 6,736 Posts
If he is destined to become a decent trader, he would have learned at some point. I don't have a problem with ideas or mistakes, but that idea should never have seen the backlight of a monitor. I thought my response was pretty light.
I'm sure we could make a decent demotivation/fail poster out of this
still - we are merely human, funny as it was
Inserted Video
Time hides Nothing
It works! Shut up and buy! 1 lot, at 12:00 GMT. Trust me, son.
Ok, to make sure you're worthy to join our Market Moving Symposium we have a couple of questions for you...
My broker stop hunted me on demo too
Look at who is viewing this thread............
Epic thread!
- #127
- Aug 7, 2010 8:07am Aug 7, 2010 8:07am
- Joined Jun 2009 | Status: A slave to the tape | 4,390 Posts
this thread is still on FF?!
- #128
- Aug 7, 2010 9:29am Aug 7, 2010 9:29am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #129
- Aug 7, 2010 9:36am Aug 7, 2010 9:36am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
FUBAR...
- #130
- Aug 7, 2010 12:01pm Aug 7, 2010 12:01pm
- Joined Apr 2008 | Status: Parsimony Rulez! | 3,216 Posts
but I don't agree at all that the majority get the entries right.
Well I'm glad we've cleared that up!
hehe, ya gotta luv this thread!
this idea id definitely possible ( but maybe illegall lol ), first of all you can't do this crap with some major pair like cable,eurusd and so on because there you need apx. 500 mio eur to move it apx.20 pips(ofc it depends on volatility in the moment and it varies upon the time order is executed - day/night and so on), but there is a possibility to do it on emerging market, for example eurpln,eurhuf and so on, i know as a bank dealer that it's def.poss to move such a market with that amt, the best you can do is try to be in confluence in bigger view(fundies,technicals,trend) and to put biggg limit order on some good level where you meet other orders and you ll make imbalance between supp/dem there and "move" it in your favour. Because for ex. if you wud put offers yesterday after usd payrolls on e/u it wud do almost nothing in your favour cos almost every bigger corp,banks,fund were putting bids there and price flied north. But if you cud try to put such a big offer smwhre on eur/pln(relative small market+perfect fundies for pln strenghtening) it will definitely move the market downwards
), first of all you can't do this crap with some major pair like cable,eurusd and so on because there you need apx. 500 mio eur to move it apx.20 pips(ofc it depends on volatility in the moment and it varies upon the time order is executed - day/night and so on), but there is a possibility to do it on emerging market, for example eurpln,eurhuf and so on, i know as a bank dealer that it's def.poss to move such a market with that amt, the best you can do is try to be in confluence in bigger view(fundies,technicals,trend) and to put biggg limit order on some good level where you meet other orders and you ll make imbalance between supp/dem there and "move" it in your favour. Because for ex. if you wud put offers yesterday after usd payrolls on e/u it wud do almost nothing in your favour cos almost every bigger corp,banks,fund were putting bids there and price flied north. But if you cud try to put such a big offer smwhre on eur/pln(relative small market+perfect fundies for pln strenghtening) it will definitely move the market downwards
- #133
- Aug 7, 2010 12:17pm Aug 7, 2010 12:17pm
- Joined Apr 2008 | Status: Parsimony Rulez! | 3,216 Posts
i know as a bank dealer
- #135
- Aug 7, 2010 12:34pm Aug 7, 2010 12:34pm
- Joined Apr 2008 | Status: Parsimony Rulez! | 3,216 Posts
while doing that, would you pls order a prison ticket for me?
We can do it covertly though, no-one reads these forums, it will be our little insider secret....
50/50 split?
Hey no problem, Bubba will look after you.
We can do it covertly though, no-one reads these forums, it will be our little insider secret....
50/50 split?
hehe, sorry frnd, there is a lot of security things, i have only reuters messanging and bloomberg IB chat to inform you about the big order
(didnt say i would do that), we have a lot of webpages permitted and without access there, phones can be monitored too. We have a little info but not much reliable, never considered it while trading. A lot of bank's dealers and analytics from other banks are posting messages where they see a big bids/offers sitting, but when i recievie sth like that from DB and check it from JP or Barclays it s often completely different so wonder where they got that sh1ts from....just stay with the basic stuff and try to think like the do and about that orders...it's not very probable for us to see a such big oder cos they are not so stupid to let you know that, they are always trying to hide it as well....they are always calling more banks and bigger amounts are divided into smaller ones...remember that SL's are the big magnets for banks, they will move the market towards and get filled their opossite orders by them...so it's not that easy for banks too...it'would be very easy for you and bank too if you saw complete true orders - #137
- Aug 7, 2010 2:33pm Aug 7, 2010 2:33pm
- Joined Apr 2008 | Status: Parsimony Rulez! | 3,216 Posts
A lot of bank's dealers and analytics from other banks are posting messages where they see a big bids/offers sitting, but when i recievie sth like that from DB and check it from JP or Barclays it s often completely different
Ok we'll scrap the idea, wouldn't want you to get fired!
...it'would be very easy for you and bank too if you saw complete true orders
Ok we'll scrap the idea, wouldn't want you to get fired!
, I'm probably there only to the september end, i just applied for a part-time position as a student in a dealing room in "one" bank, it was firstly just a form filling orders and stuff around that, working only 4 hours a day, but the chief trader has known that i ve been trading FX few years, so when they saw a potencial in my analysis and tips, they began to trust me more and getting more work on my arms, from dealing gold and options for customers and now fx with smaller bank book, now working fulltime 8 hours/day (still not able to open the position on my own, cos my coleague another dealer should first give me a permission to do that, but hoping that soon will be able to do it on my own).Now I'm caring about whole customer desk's dealing room -FX traders are next to us in the same room, but we have that smaller FX book for our own speculations, and I'm still doing that for 3 euros/hour while my coleagues(good guys,really like them) have 15 for the same work and they now just smile, doing almost nothing and say call Mike's phone when custy's calling (but at all i enjoy it, i like a lot of work there just want to learn as much as poss) I won't be able to work there during semester cos i m now studying at university financial maths and it takes a lot of learning there, so probably will be there again in june 2011. But I'm really grateful for such chance, i'm only 20 and it ill be a good mark in my CV (and ofc it boosted my retail trading to a higher level)