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  • #846,021
  • Oct 22, 2013 5:00pm Oct 22, 2013 5:00pm
Quoting gatorinla
{quote} u say tomato, i say derivatives.
umm, this doesn't even make sense?

how do derivatives make a bank an evil place?

I bet when you trade FX you are being routed via derivatives. In fact I would be almost 100% this is the case.
  • #846,022
  • Oct 22, 2013 5:01pm Oct 22, 2013 5:01pm
Inserted Video


http://www.bbc.co.uk/news/business-24599345
those who can, do. those who cant, talk about those who can
  • #846,023
  • Oct 22, 2013 5:03pm Oct 22, 2013 5:03pm
Quoting JeremyWS
{quote} Whats with the hate for goldman? Do you have proof that they bet against their recommendations? I'm sure you're thinking of the famous Thomas Stolper who is pretty bad, but people forget his "trade of the century" where he recommended buying EURAUD at 1.25 earlier this year, targeting 1.50. That is a pretty good trade.

he sounds like a good trader. would you like me to tell him that?
those who can, do. those who cant, talk about those who can
  • #846,024
  • Oct 22, 2013 5:04pm Oct 22, 2013 5:04pm
Quoting Schickeria
{quote} I think i'm on the right way with my short @ 1.37901 My short on EURJPY hit exactly 134.504 {image} {image} {image}
How long you intend to keep E/J short
  • #846,025
  • Oct 22, 2013 5:12pm Oct 22, 2013 5:12pm
Quoting gatorinla
{quote} he sounds like a good trader. would you like me to tell him that?
Well he is not a very good trader, In case you don't know who he is, he is Head of FX research at Goldman Sachs, and in fact he isn't even a trader. Goldman in London have about 200 people related to FX markets of which there are about 10 traders.

Most of his research has been wrong so far and this has lead to foolish people believing that Goldman bet against their clients - but maybe they are just sometimes wrong (crazy thought eh!)

Either way, the ideas that Banks control/manipulate/trick the market is BS. A trader for EURUSD at goldman wouldn't even have enough time in a day to enter a position for themselves (which they can't do anyway) as he is merely facilitating trades for other people (funds etc). so yeah, I hope I'm helping people learn about how banks work as it frustrates me when I hear people who have no experience in a bank talk about it.

your welcome.
  • #846,026
  • Oct 22, 2013 5:12pm Oct 22, 2013 5:12pm
Quoting JeremyWS
{quote} Whats with the hate for goldman? Do you have proof that they bet against their recommendations? I'm sure you're thinking of the famous Thomas Stolper who is pretty bad, but people forget his "trade of the century" where he recommended buying EURAUD at 1.25 earlier this year, targeting 1.50. That is a pretty good trade.

what date was that?
those who can, do. those who cant, talk about those who can
  • #846,027
  • Oct 22, 2013 5:14pm Oct 22, 2013 5:14pm
Quoting gatorinla
{quote} what date was that?
almost one year ago exactly

http://www.forexfactory.com/news.php?do=news&id=388826

Can't find the actual report from Goldman, I have it somewhere but CBA to search for it as this will do.
  • #846,028
  • Oct 22, 2013 5:18pm Oct 22, 2013 5:18pm
Quoting Ken A
{quote} How long you intend to keep E/J short
1st TP 134.64
2nd TP 133.31


lets see.......
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.png Size: 34 KB
  • #846,029
  • Oct 22, 2013 5:19pm Oct 22, 2013 5:19pm
Quoting JeremyWS
{quote} almost one year ago exactly http://www.forexfactory.com/news.php?do=news&id=388826 Can't find the actual report from Goldman, I have it somewhere but CBA to search for it as this will do.
is it possible in stock market the big banks manipulate the market?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #846,030
  • Oct 22, 2013 5:20pm Oct 22, 2013 5:20pm
Quoting JeremyWS
{quote} almost one year ago exactly http://www.forexfactory.com/news.php?do=news&id=388826 Can't find the actual report from Goldman, I have it somewhere but CBA to search for it as this will do.
why not August 2 2012 or before? could he have said it ahead of time?
those who can, do. those who cant, talk about those who can
  • #846,031
  • Oct 22, 2013 5:21pm Oct 22, 2013 5:21pm
Quoting Schickeria
{quote} 1st TP 134.64 2nd TP 133.31 lets see....... {image}
Well, Schic I am in no place to say it's wrong or right but with the assumption of delay tapiring you know what will follow next.

Tapir:

Attached Image
  • #846,032
  • Oct 22, 2013 5:22pm Oct 22, 2013 5:22pm
Quoting ffleo
{quote} is it possible in stock market the big banks manipulate the market?
not overall ( in terms of the Dow or SPX) - too much liquidity.

In terms of individual names, low, medium cap companies its entirely possible if a bank wants a large position in a company, but then again an equity trader doesn't hold positions other than inventory. They buy and sell for funds (which may be owned by the bank but that is different, you could easily see a portfolio within a bank sell to another sector of the same bank)
  • #846,033
  • Oct 22, 2013 5:25pm Oct 22, 2013 5:25pm
Quoting gatorinla
{quote} why not August 2 2012 or before? could he have said it ahead of time?
Maybe when it was at 1.16 he didn't think it would rise to 1.5 or 1.7 etc.

What you think he bought ahead of telling his clients so that he could get a little more profit?

ahh, you've got to remember now, he doesn't actually trade...
  • #846,034
  • Oct 22, 2013 5:26pm Oct 22, 2013 5:26pm
Quoting Ken A
{quote} Well, Schic I am in no place to say it's wrong or right but with the assumption of delay tapiring you know what will follow next. Tapir: {image}
haha
  • #846,035
  • Oct 22, 2013 5:31pm Oct 22, 2013 5:31pm
Quoting Schickeria
{quote} haha
This is my target from April
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  • #846,036
  • Oct 22, 2013 5:33pm Oct 22, 2013 5:33pm
Quoting Ken A
{quote} This is my target from April {image}{image}
From April? 6 months already. damn i think i am going to hold my aussie shorts.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #846,037
  • Oct 22, 2013 5:34pm Oct 22, 2013 5:34pm
Quoting ffleo
{quote} From April? 6 months already. damn i think i am going to hold my aussie shorts.
If your base currency is USD will be nut to hold A/U short
  • #846,038
  • Oct 22, 2013 5:36pm Oct 22, 2013 5:36pm
Quoting Ken A
{quote} If your base currency is USD will be nut to hold A/U short
unfortunately it is. i would like they taper it right now
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #846,039
  • Oct 22, 2013 5:38pm Oct 22, 2013 5:38pm
Quoting Ken A
{quote} If your base currency is USD will be nut to hold A/U short
maybe i just hold it to next month pivot
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #846,040
  • Oct 22, 2013 5:45pm Oct 22, 2013 5:45pm
Quoting Ken A
{quote} I get positive swaps for holding AUD against other currencies. Different story and can hold it for years just for the interest earned. {image}
is it possible after 2 or 3 years aussie will have the lowest interest rate among all currencies?
ignore wackos and psychos, including myself. But I can't add myself to iggy
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