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  • #743,921
  • Jan 10, 2013 12:45am Jan 10, 2013 12:45am
Quoting 1candlepower
been going over your discussion w/Attila and others... one of most interesting i've read.
This guy has industry experience which has really given him some interesting insights as to how things operate, much more so than some of the "gurus" on this forum. I think many of us could learn a thing or two.
  • #743,922
  • Jan 10, 2013 12:47am Jan 10, 2013 12:47am
Quoting DaEdge
Never go away. Is that better? Told you I'm not smart.

or you are very, very smart... are you saying that banks typically carry large rolling positions that never get completely liquidated (ie: never go away) ???!

that's new to me.
  • #743,923
  • Jan 10, 2013 12:48am Jan 10, 2013 12:48am
good morning all.
another interesting day ahead. i'm still hanging in my short from 76.
lets see what Draghi and the rest of the gang has prepared for us.
green pips to all
  • #743,924
  • Jan 10, 2013 12:53am Jan 10, 2013 12:53am
Quoting KiwiTrada
100%
i have just short au aussie and the second kiwi get below 8400 will be sell her too, both position trades, speed of fall against swap will determine lenth of time held
already positioned eu cable gbp/cad and geppy
am playing with some minors, kiwi charts attached, we doing ok economy, but there are problems arising worth noting, but the high currency is killing us, so I looking for a longer term postition

weekly, can see she trading extreme highs, well above last main resist 8224 i post this level many times

daily looking to watch the falling tl, and the previous 2 highs, the red box is her all time high, anywhere from the next 2 resist boxes, I know our govt will be shitting bricks, is also worth noting they have already devalued our $ 20% with one stroke of pen, not saying they will do again, but just shows the stress these levels pushed them to extreme action

zoomed right in 4hr she presently printing a nice bear flag, tapping would be around 8419, so I looking to sart with a partial very shortly, looking for entry in 15 min, and with any reaction that pushes her below, 8400 I will start building position, using the 8419ish as my anchor

swap is asshole, but I micromanage sl against swap, to keep me positive and expecting/ need a reasonable rate of decent, there is a falling tl on monthly 45% angle, this will be my marker, every tap I will be adding targeting 8224 7915 7606 for starters
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Kiwi Weekly 10 1 2012.png Size: 72 KB
Click to Enlarge Name: Kiwi Daily 10 1 2013.png Size: 66 KB
If you are new to Forex? Say Goodbye to your account!!
  • #743,925
  • Jan 10, 2013 12:53am Jan 10, 2013 12:53am
Quoting 1candlepower
or you are very, very smart... are you saying that banks typically carry large rolling positions that never get completely liquidated (ie: never go away) ???!

that's new to me.
It's a constant ebb & flow there always needs to be somebody to provide liquidity. There never only long or only short.
It works till it doesn't
  • #743,926
  • Jan 10, 2013 12:54am Jan 10, 2013 12:54am
Quoting 1candlepower
or you are very, very smart... are you saying that banks typically carry large rolling positions that never get completely liquidated (ie: never go away) ???!

that's new to me.
I don't think that's what he's saying. Investment banks with large positions have to manage trades over a longer time period to avoid showing their hand to the market. That means buying on long term dips and selling in segments so that they don't scare their counterparty away. So in order to utilize all of their capital, which certainly can't be done with scalping or intraday trading, position trading is really the only way to do it.
  • #743,927
  • Jan 10, 2013 12:55am Jan 10, 2013 12:55am
Quoting DaEdge
The whole desk isn't on the same side. So I might be told to focus on buying & be given a range to buy in as well a max amount of size to try & get filled, & the guy sitting next me may be told to sell at a different range with a max amount to get filled.

so you're saying that there is no strategic buying and selling plan (incorporating analysis of avail liquidity) v. a tactical buy/sell under NBBO rules...

large players just take whatever is available via their trading desks? ...and if no liquidity appears, then... uh-oh! ...or they try to liquidate it later?
  • #743,928
  • Jan 10, 2013 12:57am Jan 10, 2013 12:57am
Quoting Kanzler
I don't think that's what he's saying. Investment banks with large positions have to manage trades over a longer time period to avoid showing their hand to the market. That means buying on long term dips and selling in segments so that they don't scare their counterparty away. So in order to utilize all of their capital, which certainly can't be done with scalping or intraday trading, position trading is really the only way to do it.
It works till it doesn't
  • #743,929
  • Jan 10, 2013 1:01am Jan 10, 2013 1:01am
Watch daily pivot (1.3065) level.
  • #743,930
  • Jan 10, 2013 1:02am Jan 10, 2013 1:02am
Quoting 1candlepower
so you're saying that there is no strategic buying and selling plan (incorporating analysis of avail liquidity) v. a tactical buy/sell under NBBO rules...

large players just take whatever is available via their trading desks? ...and if no liquidity appears, then... uh-oh! ...or they try to liquidate it later?
I'm not sure how up you got the idea of no strategic buying or selling from what I said above. & yes banks take whatever is available it's called a being liquidity provider. Why do you think you always get filled. Doesn't mean there going to hold it but they will provide the liquidity & flip it for just the spread.
It works till it doesn't
  • #743,931
  • Jan 10, 2013 1:04am Jan 10, 2013 1:04am
Quoting Kanzler
I don't think that's what he's saying. Investment banks with large positions have to manage trades over a longer time period to avoid showing their hand to the market. That means buying on long term dips and selling in segments so that they don't scare their counterparty away. So in order to utilize all of their capital, which certainly can't be done with scalping or intraday trading, position trading is really the only way to do it.

ah so... that make sense.
  • #743,932
  • Jan 10, 2013 1:06am Jan 10, 2013 1:06am
Quoting DaEdge
I'm not sure how up you got the idea of no strategic buying or selling from what I said above. & yes banks take whatever is available it's called a being liquidity provider. Why do you think you always get filled. Doesn't mean there going to hold it but they will provide the liquidity & flip it for just the spread.

ok i'm starting to get the picture now. i never worked in a bank as a banker...
  • #743,933
  • Jan 10, 2013 1:07am Jan 10, 2013 1:07am
There is talk that the markets are looking to Draghi later for mention of possible reduced easing.

I'm just wondering how people see such comments as impacting on the E/U pair?

Up or down for the E/U?
  • #743,934
  • Jan 10, 2013 1:07am Jan 10, 2013 1:07am
Quoting DaEdge
I'm not sure how up you got the idea of no strategic buying or selling from what I said above. & yes banks take whatever is available it's called a being liquidity provider. Why do you think you always get filled. Doesn't mean there going to hold it but they will provide the liquidity & flip it for just the spread.
This is what the majority of algo trading is. They don't care long or short they take whatever they can get filled & it's immediately put on the other side. Depending on what your trading it can be done for a loss & you still make money on the rebates depending what exchange you route orders thru & how much in rebates they pay. More common in equities but slowly making its way into fx.
It works till it doesn't
  • #743,935
  • Jan 10, 2013 1:11am Jan 10, 2013 1:11am
Quoting TradeSpotting
There is talk that the markets are looking to Draghi later for mention of possible reduced easing.

I'm just wondering how people see such comments as impacting on the E/U pair?

Up or down for the E/U?
chart still in the middle.
big boys analise the next trick.
small boys read the news and separate the fake from the true...
I'll shop after the drop
  • #743,936
  • Jan 10, 2013 1:12am Jan 10, 2013 1:12am
this trendline should hold for further down
h1
Attached Image
  • #743,937
  • Jan 10, 2013 1:21am Jan 10, 2013 1:21am
Same yesterday Asia session ... bottom support and back to the opening level in an horizontal S

Usually i would have traded that with breakout out of these values bounds. BUT a little clock in my head says : like yesterday you'd better waiting for ECB news (probably no news at all but as the ECB is new, fear is there !).
  • #743,938
  • Jan 10, 2013 1:22am Jan 10, 2013 1:22am
http://images.forexfactory.net/attach/png.gif 2013-01-10_08h09_ EURUSD _ min020 _ (5Dy) barchart (Spezial).PNG (14.1 KB)

Trying for a correction against its recent downward path in a range channel band ...





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #743,939
  • Jan 10, 2013 1:23am Jan 10, 2013 1:23am
2013-01-10_00h00 - ZigZag + Pivot Survey _ EURUSD _ Roll Up _ W-02 # FG86 (EN Daily, Weekly).PNG (129.2 KB)

http://images.forexfactory.net/attach/png.gif 2013-01-10_08h09_ EURUSD _ min020 _ (5Dy) barchart (Spezial).PNG (14.1 KB)

Trying for a correction against its recent downward path in a daily range channel band ...





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #743,940
  • Jan 10, 2013 1:24am Jan 10, 2013 1:24am
Quoting shmandi
this trendline should hold for further down
h1

I's too early to say that : wait for the trend resistance be broken up (and will retrace to it a little bit before going up) or to be bounced off without being broken (will go further down)
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