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  • #854,401
  • Nov 19, 2013 1:34pm Nov 19, 2013 1:34pm
Dat black line, daily high just pre drop.
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"I know one thing, that I know nothing." Sokrates
  • #854,402
  • Nov 19, 2013 1:36pm Nov 19, 2013 1:36pm
Quoting Citiboy
{quote} This is incorrect...there is no bank conspiracy. Most of the flow that go through the bank are not even executed by human traders anyway.
Don't be silly. Whether trades are executed directly by traders or by programs the programs are coded by humans and receive inputs from humans. I very much doubt they (the banks) have programs that are written by computers, and thenceforth managed by computers, and never touched by humans.
I have no clue what I'm talking about.
  • #854,403
  • Nov 19, 2013 1:40pm Nov 19, 2013 1:40pm
Quoting Boy Wonder
{quote} Don't be silly. Whether trades are executed directly by traders or by programs the programs are coded by humans and receive inputs from humans. I very much doubt they (the banks) have programs that are written by computers, and thenceforth managed by computers, and never touched by humans.


Dude... I worked on a desk. The banks don't have nearly the advantage that half the people here complain about. Yes there is the ongoing investigation at the moment into the 11am fix, which I can admit I did see manipulation in that context. However in the day to day, the only info the banks have is the order flow and their order book. Even these advantages are negligible.

Also the 'smart clients' dont trade via human traders is my point. Its all through etrading platforms. The banks see these flows after the fact, but so do you becuase prices moves upon sellers hitting bids in the market.
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  • #854,404
  • Nov 19, 2013 1:40pm Nov 19, 2013 1:40pm
Wonder where this hight tech debate ends up.
Edit: 2:0 for Citiboy.
"I know one thing, that I know nothing." Sokrates
  • #854,405
  • Edited 1:55pm Nov 19, 2013 1:41pm | Edited 1:55pm
Quoting BeginnerJoe
Here's a video of how a bank works in forex. All your retail gambles go to their algo. The algo trades range (presumably going from 1 stop to the next). Only when someone in the bank decides a direction for the next move would the price start going in a particular direction. Put it simply, they can move the price to wherever they want, and there no reason to believe they respect the lines you draw on your chart. But it should reasonable to assume they would move the price to wherever there is a profit for them. http://www.youtube.com/watch?v=GyFVOFbhFws...
Deutsche Bank has the biggest share at 15% in the FX market. How can Deutsche coordinate with all other banks to move the market?
CITI has 12% (that saw 2012 number. 2013 is 15%). what if Deutsche wants to sell but CITI wants to buy?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #854,406
  • Nov 19, 2013 1:43pm Nov 19, 2013 1:43pm
Quoting Citiboy
{quote} This is incorrect...there is no bank conspiracy. Most of the flow that go through the bank are not even executed by human traders anyway.
Yes, all retail gambles go to the algo, and the algo go up and down in a range. I suppose you would say the algo only hits the stops by accident.
  • #854,407
  • Nov 19, 2013 1:44pm Nov 19, 2013 1:44pm
No way Deutsche bank operates 15%. Omfg.
edit: Joe, would you mind to die please?
"I know one thing, that I know nothing." Sokrates
  • #854,408
  • Nov 19, 2013 1:44pm Nov 19, 2013 1:44pm
Quoting ffleo
{quote} Deutsche Bank has the biggest share at 15% in the FX market. How can Deutsche coordinate with all other banks to move the market?


The traders have bloomberg chats and they exchange info on where stops are and what the order flow looks like. Its quite simple once you realize that for example during the NY session, 40%+ of the flow is going thru Deutch, Citi and maybe UBS. Thats three guys in one chat that all trade the EURUSD for their own banks and exchange information.
Twitter: @TrendersGame
  • #854,409
  • Nov 19, 2013 1:46pm Nov 19, 2013 1:46pm
Quoting ffleo
{quote} Deutsche Bank has the biggest share at 15% in the FX market. How can Deutsche coordinate with all other banks to move the market? CITI has 12%. what if Deutsche wants to sell but CITI wants to buy?
Retail forex accounts for 10% of all forex. If your figure is correct, then deutsche has more than cornered the market.
  • #854,410
  • Nov 19, 2013 1:49pm Nov 19, 2013 1:49pm
Quoting Tom_D_Trader
No way Deutsche bank operates 15%. Omfg. edit: Joe, would you mind to die please?
why you so lazy? It is all in wiki. Do not tell me you are going to die instead

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #854,411
  • Nov 19, 2013 1:50pm Nov 19, 2013 1:50pm
Hourly double top maybe? Big time RSI divergence
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  • #854,412
  • Nov 19, 2013 1:51pm Nov 19, 2013 1:51pm
Quoting BeginnerJoe
{quote} Retail forex accounts for 10% of all forex. If your figure is correct, then deutsche has more than cornered the market.


Retail flow is ultimately sent by your broker to a large banks etrading platform. Only banks can deal in the interbank market.
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  • #854,413
  • Nov 19, 2013 1:51pm Nov 19, 2013 1:51pm
Quoting Tom_D_Trader
No way Deutsche bank operates 15%. Omfg. edit: Joe, would you mind to die please?
No need to die. I am invisible and on your ignore.
  • #854,414
  • Nov 19, 2013 1:52pm Nov 19, 2013 1:52pm
Quoting ffleo
{quote} why you so lazy? It is all in wiki. Do not tell me you are going to die instead {image}
Wiki lol, thats not a source. Anyway, those are what numbers?
Definitely not market share. Do you even know what are you looking at?

edit: Btw, before you start blathering nonscence again, perhaps these numbers show Deutsche bank is Clearing bank for many European banks and brokers, therefore volume?
edit: The only obvious thing here Joe, is that you really piss me of with these views. Yea, they havent decided, so they put algo on to hunt your pennies. Stop beeing childish, this is no playground.
"I know one thing, that I know nothing." Sokrates
  • #854,415
  • Nov 19, 2013 1:54pm Nov 19, 2013 1:54pm
Quoting Citiboy
{quote} Retail flow is ultimately sent by your broker to a large banks etrading platform. Only banks can deal in the interbank market.
Yes etrading, algo, whatever is the same electronic order handling thing. Their algo takes your bets and move in a range. Naturally, the algo hits stops and no doubt it's just an accident.

Today's range play in eur is obviously an algo thing. The bank hasn't decided yet if the price should go up or down. Maybe they will decide tomorrow.
  • #854,416
  • Nov 19, 2013 2:04pm Nov 19, 2013 2:04pm
Quoting Tom_D_Trader
{quote} Wiki lol, thats not a source. Anyway, those are what numbers? Definitely not market share. Do you even know what are you looking at? edit: Btw, before you start blathering nonscence again, perhaps these numbers show Deutsche bank is Clearing bank for many European banks and brokers, therefore volume? edit: The only obvious thing here Joe, is that you really piss me of with these views. Yea, they havent decided, so they put algo on to hunt your pennies. Stop beeing childish, this is no playground.
did you read the chart title "top 10 currency traders"?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #854,417
  • Nov 19, 2013 2:07pm Nov 19, 2013 2:07pm
Quoting ffleo
did you read the chart title "top 10 currency traders"?
Whatever. Do you know what means clearing bank, dont you? Thats the only way how Deutsche bank could have such a share. Definitely does not have enough assets to make 15% volume in FX.
Told ya I dont consider wiki reliable source. Anyone can write there. Thats trash, not economy. And you tell me "look, it says top 10 traders!" And I tell you, FO, welcome back to iggy list .
T
"I know one thing, that I know nothing." Sokrates
  • #854,418
  • Nov 19, 2013 2:11pm Nov 19, 2013 2:11pm
Quoting Tom_D_Trader
{quote} Whatever. Do you know what means clearing bank, dont you? Thats the only way how Deutsche bank could have such a share. Definitely does not have enough assets to make 15% volume in FX. Told ya I dont consider wiki reliable source. Anyone can write there. Thats trash, not economy. And you tell me "look, it says top 10 traders!" And I tell you, FO, welcome back to iggy list . T
How can you be so certain it is only clearing? what is your source? show me your reliable source.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #854,419
  • Nov 19, 2013 2:15pm Nov 19, 2013 2:15pm
My source is brain telling me its 4Tril Daily turnover market and no way 15% of this cash comes from Deutsche bank. They would be dominating world.
"I know one thing, that I know nothing." Sokrates
  • #854,420
  • Nov 19, 2013 2:17pm Nov 19, 2013 2:17pm
Quoting Tom_D_Trader
My source is brain telling me its 4Tril Daily turnover market and no way 15% of this cash comes from Deutsche bank. They would be dominating world.
You even do not know what my point was when I quoted that number. I quoted that number to discount the bank conspiracy theory. My point was that even at 15% market share that is not enough to move the market.
ignore wackos and psychos, including myself. But I can't add myself to iggy
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