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Proof That Ultra Profitable Trading Is Indeed Possible

  • #421
  • Jan 15, 2013 2:44pm Jan 15, 2013 2:44pm
Quoting Supertrader9
Thanks for that, i hope we continue to discuss knowledge in a friendly manner. Yup thats oanda. Retail trading. Citibank is different. I am not talking about citifx(retail part) but citibank itself being the second biggest market maker in the world. They can give you whatever rate they want as they are the market maker. If they chose so you will get so.

Try looking at it this way, you make an algorithm to execute your 3000 lots order, 3 lots at a time.
breaking it up into much smaller lots is a very different story but then you'll never get the fill your looking for. I understand how large citibank is i have colleagues that work there but your still talking very unrealistic size for 1 trade, your talking about trades that are the size that a central bank would make, it very unrealistic.
It works till it doesn't
  • #422
  • Jan 15, 2013 3:04pm Jan 15, 2013 3:04pm
Quoting DaEdge
breaking it up into much smaller lots is a very different story but then you'll never get the fill your looking for. I understand how large citibank is i have colleagues that work there but your still talking very unrealistic size for 1 trade, your talking about trades that are the size that a central bank would make, it very unrealistic.
I guess we shall stop here as both of us never had the experience to trade at that level yet but one day i will. God willing.

Anyway, what do you think is the optimal trade to be executed within a pip by a large market maker like deutsche bank, citibank etc? Just curious.
  • #423
  • Jan 15, 2013 3:17pm Jan 15, 2013 3:17pm
Quoting Supertrader9
I guess we shall stop here as both of us never had the experience to trade at that level yet but one day i will. God willing.

Anyway, what do you think is the optimal trade to be executed within a pip by a large market maker like deutsche bank, citibank etc? Just curious.
I worked on a prop desk at a bank for many years the size your talking about is not a realistic size position in 1 shot. Your moving the market with a trade that size. Even breaking it up its insanely heavy order flow for one pair in a day.
It works till it doesn't
  • #424
  • Edited 3:33pm Jan 15, 2013 3:22pm | Edited 3:33pm
Quoting DaEdge
I worked on a prop desk at a bank for many years the size your talking about is not a realistic size position in 1 shot. Your moving the market with a trade that size. Even breaking it up its insanely heavy order flow for one pair in a day.
Yeah, you did not anwer my question. Through your experience what is the maximum average size to be executed within a pip? I am pretty sure 100m is a normal trade size at the interbank level.
  • #425
  • Jan 16, 2013 1:05am Jan 16, 2013 1:05am
Quoting Supertrader9
Yeah, you did not anwer my question. Through your experience what is the maximum average size to be executed within a pip? I am pretty sure 100m is a normal trade size at the interbank level.
No way orders are broken up to the small increments to hide it from the market. So it depends on what the amount your looking to buy or sell and then it's split up over a range of pips to hide the order from the market. 100m is a large trade & you don't want a block of that size seen going off in 1 shot. The big guys are playing against each other & don't want to expose there hands. Something like a 100m you'd split in 1m blocks & keep refreshing the bid or offer as long as there getting filled and you'd spread it over a range of pips.
It works till it doesn't
  • #426
  • Edited 5:36am Jan 16, 2013 5:15am | Edited 5:36am
Quoting DaEdge
No way orders are broken up to the small increments to hide it from the market. So it depends on what the amount your looking to buy or sell and then it's split up over a range of pips to hide the order from the market. 100m is a large trade & you don't want a block of that size seen going off in 1 shot. The big guys are playing against each other & don't want to expose there hands. Something like a 100m you'd split in 1m blocks & keep refreshing the bid or offer as long as there getting filled and you'd spread it over a range of pips.
Here is where somebody who had experience trading big explaining. http://www.forexfactory.com/showthread.php?t=12051
  • #427
  • Jan 16, 2013 8:34am Jan 16, 2013 8:34am
Quoting DaEdge
No way orders are broken up to the small increments to hide it from the market. So it depends on what the amount your looking to buy or sell and then it's split up over a range of pips to hide the order from the market. 100m is a large trade & you don't want a block of that size seen going off in 1 shot. The big guys are playing against each other & don't want to expose there hands. Something like a 100m you'd split in 1m blocks & keep refreshing the bid or offer as long as there getting filled and you'd spread it over a range of pips.

With all due respect, i don't think you know what you are talking about. 100 mill is not a large trade, interbank.
I quoted in that size day in, day out on yen, 5 pip spread usually.
Nobody breaks up a trade into a hundred pieces,that's just rubbish.You might split it into 2x 50 mill if mkt was really thin.
The active banks actually go out of there way to quote for the large one offs, they want to quote them,they want to see that business.
Actually, i managed to quote a choice price to banks for larger amounts,amalgamating quotes.
For someone who supposedly worked in the mkt, your ignorant comments seem strange.
  • #428
  • Jan 16, 2013 8:39am Jan 16, 2013 8:39am
Quoting jazzman

With all due respect, i don't think you know what you are talking about. 100 mill is not a large trade, interbank.
I quoted in that size day in, day out on yen, 5 pip spread usually.
Nobody breaks up a trade into a hundred pieces,that's just rubbish.You might split it into 2x 50 mill if mkt was really thin.
The active banks actually go out of there way to quote for the large one offs, they want to quote them,they want to see that business.
Actually, i managed to quote a choice price to banks for larger amounts,amalgamating quotes.
For...
Thank god at last somebody with experience came..
May i know which platform you use and usually for eurusd in london session for 100mill how much is the slippage(average)(top of the book liquidity)?

Also can i get high leverage if i go through a prime broker? Something like 1:500?
  • #429
  • Jan 16, 2013 9:41am Jan 16, 2013 9:41am
Quoting Supertrader9
Thank god at last somebody with experience came..
Quoting Supertrader9
May i know which platform you use and usually for eurusd in london session for 100mill how much is the slippage(average)(top of the book liquidity)?

Also can i get high leverage if i go through a prime broker? Something like 1:500?


Hey Supert, i've pm'd you.

thanks
  • #430
  • Jan 16, 2013 11:34am Jan 16, 2013 11:34am
Quoting jazzman


Hey Supert, i've pm'd you.

thanks
Thanks jazzman.
  • #431
  • Edited 1:46pm Jan 16, 2013 1:30pm | Edited 1:46pm
Quoting jazzman

With all due respect, i don't think you know what you are talking about. 100 mill is not a large trade, interbank.
I quoted in that size day in, day out on yen, 5 pip spread usually.
Nobody breaks up a trade into a hundred pieces,that's just rubbish.You might split it into 2x 50 mill if mkt was really thin.
The active banks actually go out of there way to quote for the large one offs, they want to quote them,they want to see that business.
Actually, i managed to quote a choice price to banks for larger amounts,amalgamating quotes.
For...
We never filled our own orders in blocks that size we always broke them up. say what you wish that's how the desk I worked at did it. I think your talking about filling customer order flow as apposed to filling orders for your desks actually positions.
It works till it doesn't
  • #432
  • Edited 10:42pm Jan 18, 2013 9:38pm | Edited 10:42pm
19/1/2013. Withdrawn and changed the account to reflect new low risk trading style. I had enough of holy grail dreaming. The new account will be traded using 5 currencies with 1:1 rr and 0.5% risk per trade. Every trade must be accompanied with sl and tp. I aim to decrease the drawdown to the absolute minimum. I have made the account transparent and there will be a trade explorer. Will start next week on 21st january 2013.
  • #433
  • Jan 19, 2013 12:10am Jan 19, 2013 12:10am
Quoting Supertrader9
19/1/2013. Withdrawn and changed the account to reflect new low risk trading style. I had enough of holy grail dreaming. The new account will be traded using 5 currencies with 1:1 rr and 0.5% risk per trade. Every trade must be accompanied with sl and tp. I aim to decrease the drawdown to the absolute minimum. I have made the account transparent and there will be a trade explorer. Will start next week on 21st january 2013.
cool....but I honestly think 0.5% is too conservative for you.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #434
  • Jan 19, 2013 7:32am Jan 19, 2013 7:32am
Quoting pemully
cool....but I honestly think 0.5% is too conservative for you.
not if his account is large....really large
NocturnalFX is no longer offering commercial services
  • #435
  • Jan 21, 2013 1:53am Jan 21, 2013 1:53am
Quoting pemully
cool....but I honestly think 0.5% is too conservative for you.
I want to start a hedge fund one day and therefore i believe to keep drawdowns below 15% is the utmost importance.
  • #436
  • Jan 21, 2013 1:54am Jan 21, 2013 1:54am
Quoting TPOTrader
not if his account is large....really large
My account is not that large
  • #437
  • Jan 21, 2013 1:58am Jan 21, 2013 1:58am
21/1/2013. Made some improvements to the system. Will trade eurusd and gbpusd exclusively. I am aiming for ultra safe trading method with virtually no drawdowns. I aim to never ever let my drawdown be above 15%.
  • #438
  • Jan 21, 2013 5:47am Jan 21, 2013 5:47am
Quoting Supertrader9
19/1/2013. Withdrawn and changed the account to reflect new low risk trading style. I had enough of holy grail dreaming. The new account will be traded using 5 currencies with 1:1 rr and 0.5% risk per trade. Every trade must be accompanied with sl and tp. I aim to decrease the drawdown to the absolute minimum. I have made the account transparent and there will be a trade explorer. Will start next week on 21st january 2013.
How that account you withdrawn performed? I am away and logging on after several days. Last time I saw it had a profit of over 40%.
The Thief of Wall Street
  • #439
  • Jan 21, 2013 11:17am Jan 21, 2013 11:17am
Quoting Chicky
How that account you withdrawn performed? I am away and logging on after several days. Last time I saw it had a profit of over 40%.
Yes this was the account.
  • #440
  • Jan 22, 2013 7:31am Jan 22, 2013 7:31am
Quoting Chicky
How that account you withdrawn performed? I am away and logging on after several days. Last time I saw it had a profit of over 40%.
I believe this account was wiped out. Nearly 100% drawdown when I last checked a few days ago. Supertrader, all your accounts are getting wiped out because you are going for the big gamble. I wouldn't bother showing any more results to the public as I think you are putting a lot of pressure on yourself to end each day on top and to show extraordinary gains. As a result you are taking risks that will inevitably end in ruin. My advise, for what it's worth, would be to stop posting on this thread for a while, go trade in private for a few months and if you manage to accumulate large winnings without excess risk then come back and show us and tell us what you learned in the process. You clearly have some skill but as long as you are performing for the public you will probably end up losing. As with everyone else who frequently browses this thread I really hope you make it.
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