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  • #854,421
  • Nov 19, 2013 2:19pm Nov 19, 2013 2:19pm
Those volume numbers are calculated by Euromoney Magazine, it doesnt equate to a hard amount of actualy volume, as in a proportion of the 4tn a day.

Those percentages correspond to votes that clients give their dealers. Every Spring theres a massive effort by these banks to get sales people to have their clients vote, so a client may vote 'I trade 15% of the time with DB, 10% with Citi etc."
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  • #854,422
  • Nov 19, 2013 2:20pm Nov 19, 2013 2:20pm
Quoting ffleo
{quote} How can you be so certain it is only clearing? what is your source? show me your reliable source.
the VAST, VAST majority of this 15% of the spot market will be clearing and not DB speculating.

In fact banks rarely speculate (in large volumes) and the London Desk of DB will maybe have 20 traders, each just filling trades all day, they are not doing what we consider trading (which is speculating). They are doing the literal sense of trading which is facilitating the trade.

From my experience on desks, I would say at least 90% if not much more is just filling (clearing if you will) hedge funds, prop desks trades and not actually DB.
  • #854,423
  • Nov 19, 2013 2:21pm Nov 19, 2013 2:21pm
Quoting Citiboy
... so a client may vote 'I trade 15% of the time with DB, 10% with Citi etc."
Yes, thats what I am talking bout. Clearing bank. Their clients just trade with em, its not Deutsche bank market share. Wiki is misleading as usuall.
"I know one thing, that I know nothing." Sokrates
  • #854,424
  • Nov 19, 2013 2:24pm Nov 19, 2013 2:24pm
Quoting JeremyWS
{quote} the VAST, VAST majority of this 15% of the spot market will be clearing and not DB speculating. In fact banks rarely speculate (in large volumes) and the London Desk of DB will maybe have 20 traders, each just filling trades all day, they are not doing what we consider trading (which is speculating). They are doing the literal sense of trading which is facilitating the trade. From my experience on desks, I would say at least 90% if not much more is just filling (clearing if you will) hedge funds, prop desks trades and not actually DB.
I agree it is clearing. In this way, the bank conspiracy theory has no grounds at all.
There used to be a guy constantly claiming 10 banks controlling 50% market share and move the market. that guy name seems to be xx50 or something (he used to post in cable thread). totally bullcrap.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #854,425
  • Nov 19, 2013 2:29pm Nov 19, 2013 2:29pm
Clearing? Not sure what you guys mean by that. It's usually derivatives contracts that need clearing. Spot transactions are interbank, unregulated.
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  • #854,426
  • Nov 19, 2013 2:30pm Nov 19, 2013 2:30pm
Quoting Citiboy
Clearing? Not sure what you guys mean by that. It's usually derivatives contracts that need clearing. Spot transactions are interbank, unregulated.
matching transactions between clients?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #854,427
  • Nov 19, 2013 2:31pm Nov 19, 2013 2:31pm
Quoting Citiboy
Clearing? Not sure what you guys mean by that. It's usually derivatives contracts that need clearing. Spot transactions are interbank, unregulated.
yeah, thats why I put clearing in brackets, I know that it isn't quite that, Spot FX is merely executing on behalf of someone else in this instance. I.e. DB are filling orders for prop/hedge etc.

But for the sense here, I suppose it is good enough
  • #854,428
  • Nov 19, 2013 2:31pm Nov 19, 2013 2:31pm
okay I understand. clearing/facilitation. sounds about right
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  • #854,429
  • Edited 2:57pm Nov 19, 2013 2:41pm | Edited 2:57pm
Quoting Citiboy
Clearing? Not sure what you guys mean by that. It's usually derivatives contracts that need clearing. Spot transactions are interbank, unregulated.
I mean if you aint directly in Interbank and are only broker, you got account at Deutsche or UBS for example, and the´r providing you liqudity on your (brokers -> retailers) margin.
Quoting Citiboy
okay I understand. clearing/facilitation. sounds about right
and yeh, facilitating trades, netting and stuff. All orders from brokers go through their desk to interbank, there goes the volume.
"I know one thing, that I know nothing." Sokrates
  • #854,430
  • Nov 19, 2013 2:41pm Nov 19, 2013 2:41pm
after two days resistance still exists...
oh well..but so far bull in control.....let see if bear fight back frm here or higher
Patience, Emotion Control and Discipline.
  • #854,431
  • Nov 19, 2013 2:48pm Nov 19, 2013 2:48pm
Found that guy. Silat50 and his nonsense http://www.forexfactory.com/showthre...58#post7003058
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #854,432
  • Nov 19, 2013 3:00pm Nov 19, 2013 3:00pm
Lol H1 Marubozu? My poor SL
edit: almost, last second save. Not good anyway.
edit: Btw NY is almost closing and think guys could cover.
"I know one thing, that I know nothing." Sokrates
  • #854,433
  • Nov 19, 2013 3:21pm Nov 19, 2013 3:21pm
When I was still a novice in fx trading i could only trade what others wanted me to so i failed to pay attention to the unseen conditions which actually represented the magnitude of the earthquake that became the disaster my account had to suffer trying to gain the green pips. Pay attention to the "dark rise" and you could either be selling at the tops or buying at the bottoms. The earth is God and the fullness thereof. Yet another pay day
Keep the Lights on then you can catch the rise from the dark.
  • #854,434
  • Nov 19, 2013 3:26pm Nov 19, 2013 3:26pm
Quoting ricmaj
Pay attention to the "dark rise"
Is this voodoo indicator available for download ?
  • #854,435
  • Nov 19, 2013 3:28pm Nov 19, 2013 3:28pm
We are still in the bearish pennant no?

Thoughts?... 4hr chart
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Twitter: @TrendersGame
  • #854,436
  • Nov 19, 2013 3:28pm Nov 19, 2013 3:28pm
Quoting BeginnerJoe
{quote} Is this voodoo indicator available for download ?

hahahahahahahahahahahahahahaha u r really a beginner Beginnerjoe
Keep the Lights on then you can catch the rise from the dark.
  • #854,437
  • Nov 19, 2013 3:28pm Nov 19, 2013 3:28pm
Quoting ricmaj
When I was still a novice in fx trading i could only trade what others wanted me to so i failed to pay attention to the unseen conditions which actually represented the magnitude of the earthquake that became the disaster my account had to suffer trying to gain the green pips. Pay attention to the "dark rise" and you could either be selling at the tops or buying at the bottoms. The earth is God and the fullness thereof. Yet another pay day

Whatever you are taking, dude...

Can you hook me up?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #854,438
  • Nov 19, 2013 3:40pm Nov 19, 2013 3:40pm
Quoting Magix
{quote} Whatever you are taking, dude... Can you hook me up?

you are a big fish so you don't need to be hooked up!
Keep the Lights on then you can catch the rise from the dark.
  • #854,439
  • Nov 19, 2013 3:42pm Nov 19, 2013 3:42pm
USD/JPY H4 CHART

It is time for sudden drops to the 96.15
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  • #854,440
  • Nov 19, 2013 3:47pm Nov 19, 2013 3:47pm
Quoting davidsayli
USD/JPY H4 CHART It is time for sudden drops to the 96.15 {image}
that is not a sudden drop even if your prediction could turn true. it is about 4 weeks.
ignore wackos and psychos, including myself. But I can't add myself to iggy
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