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Are there any Large Lot Traders here?

  • #121
  • Sep 23, 2014 6:41am Sep 23, 2014 6:41am
500 lots is 50M in notional volume. While a lot, it does not strike as a lot in the context of overall volumes existing in fx market. Of course, traders have to be confident that they work through channels providing sufficient liquidity for employed strategies.
  • #122
  • Sep 23, 2014 6:43am Sep 23, 2014 6:43am
Thanks DancingP for the heads up re hedging, I always use a SL so I doubt it would help me in my strategies. Thanks also for sorting the trolls, hopefully some big lot traders will join in from here.
Regards Anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #123
  • Sep 23, 2014 6:53am Sep 23, 2014 6:53am
Quoting PayTheLimit
i think we should discuss how large are genitalia are...
aha, with screenshots and ''size'' explorers))
I am still amazed how it occurs that till now nobody accused you of that you are trying to sell them techniques to increase the penis size...
Success is nothing more than a few simple disciplines, practiced every day.
  • #124
  • Sep 23, 2014 7:02am Sep 23, 2014 7:02am
Hi Dancingphil,

there are many of them!

Here is the tip, on the home page of the FF click on the:

Positions/Live Account section and select each individual currency pair and activate Details and you will see the largest lots trading live

Here is another trader managed to get to over $1,000,000 around 6 moths...

http://www.forexfactory.com/welliott

Good luck
If you know how to trade, you don't need to sell any services!!!
  • #125
  • Sep 23, 2014 7:05am Sep 23, 2014 7:05am
@Dancingphil,thanks a lot for sharing your priceless experience,keep your great job up!
Compare with last year when I started,now I trade with almost 100 times more lot size...So impossible is nothing,but who I am talking about...
Take care and good health!

David.
Success is nothing more than a few simple disciplines, practiced every day.
  • #126
  • Sep 23, 2014 7:19am Sep 23, 2014 7:19am
dancingphil sorry for off-topic,but I am interested,is your hedging technique similar to this http://www.forexfactory.com/showthre...18#post5412518
Thanks for the answer in advance!!
Success is nothing more than a few simple disciplines, practiced every day.
  • #127
  • Sep 23, 2014 7:26am Sep 23, 2014 7:26am
Quoting adeforex
{quote} You can see why many people fail in forex market? The guy asked for a simple question, they turned the whole thread to another thing. That is what is really scaring a lot of BIG traders away. They will rather keep queit than rather help those who are ready. Because of people who keep trolling, trolling and trolling without success. The time they would have used to learn and perfect their trades are used mainly on trolling, which eventually further negate their trading skills . They believe that if they cant do it , nobody else can, because...
Thanks for the agreement

All the best

Rooi
We miss 100% of the shots we don't take
  • #128
  • Edited 7:56am Sep 23, 2014 7:27am | Edited 7:56am
Hi Phil, can't say I'm meeting your question either, I am an extremely small fish and (still on demo), as such I trust you don't mind to much my being here. You are going to have such small fry swimming through here, part of the open forum FF is.
I posted in the thread before but took it out again because of those ducks doing nothing but quack, one of them pressed the ignore button on me. To bad.
That lot are quackers
I wrote about something I'd done recently before I even realised it was a form of hedge.
I'd gone short but the market went long so everytime I thought it was stopping I added another sell only to have the pair run away again. Ended up with 4 sells and 1 buy on the table. ranged next day, scalped a few out of the pair which finally started slowly falling again on the 3rd day then just fell of the cliff as it were on some news. Cost me the buy order but made good gains on the sells I had on the pair. It's in the trade explorer, actually the last 5 transactions it records. I was really pleased with how that worked out. EURJPY
Attached Image (click to enlarge)
Click to Enlarge Name: hedge.png Size: 58 KB
"You know what needs to be addressed , completely completely reverse that".
  • #129
  • Sep 23, 2014 7:29am Sep 23, 2014 7:29am
Quoting dancingphil
Thank you to RealJumper and to Rooi for the links of large lot traders, and for remembering what this thread is actually about.
Hi Phil

Thanks for sorting out the trolls.

I'm really happy you have started this thread as I would like to ask maybe one or two questions in the future about physiology , time line of you trading success etc but I have to be somewhere now and cant type the questions .

Will post again,

All the best

Rooi
We miss 100% of the shots we don't take
  • #130
  • Sep 23, 2014 7:41am Sep 23, 2014 7:41am
Ah, RJ, you are a better man than me. I look at gold, the spread and shudder. But the pips movement in the daily range is amazing. Certainly if I dropped my lot sizing I could play such a large ADR game.

But then again, what I do is not broken, so no need to fix it.

Quoting realjumper
{quote} No worries mate. I'm pretty much Gold trading only these days, although the EA pair is on the reserve bench to be used when Gold is sleeping. Silver has a very high pip value so it's a bit expensive for me to trade, but I do keep an eye on it for the Silver / Gold correlation. If I find some more large lot traders I'll let you know
  • #131
  • Sep 23, 2014 7:51am Sep 23, 2014 7:51am
Quoting dancingphil
Ah, RJ, you are a better man than me. I look at gold, the spread and shudder. But the pips movement in the daily range is amazing. Certainly if I dropped my lot sizing I could play such a large ADR game. But then again, what I do is not broken, so no need to fix it. {quote}

Well that's quite right.....we each peel the orange in a different way, but as long as the orange gets peeled, then the job is done!

I'm with Pepperstone and the spread is 2-4 points...normally around 2.5 - 3.0, but there is no commission on Gold. As you say, the ADR is very good, so 3 pip spread is not a big deal. Like anything though, it depends upon a good system to gain consistent and reliable entries, which I have. I actually went to Gold simply because the volatility on the FX pairs was lacking for so long, but Gold was fine. I just wish I had switched to Gold ages ago as I find it suits me really well.

Different strokes for different folks....as they say
Doing what you like is Freedom. Liking what you do is Happiness.
  • #132
  • Sep 23, 2014 7:51am Sep 23, 2014 7:51am
@ 4thw; 2008, joined here 2009.

@ grin; 5.3 Trillion dollars a day in average Forex volume. That's 53,000,000 lots of trading, per day AVERAGE. Sure, take out options, futures etc. Take out pairs I am not trading too. Still in the order of 10,000,000 lots of trading per day. My 500 lots is a drop in the bucket, and makes no ripple at all when I open trades.

@ anthm; No problems. I eat trolls for breakfast.

@ pipinit; Thank you. I was hoping with this thread to attract some into discussion, but I can see that was probably a futile idea.

@ machinator; yes, that is a good and wise post about hedging and hedge management. It is such an under-discussed subject here on FF.

@ Rooi; no problems. Trolls are annoying but very tasty.
  • #133
  • Sep 23, 2014 7:57am Sep 23, 2014 7:57am
Hmmm, I'm getting tempted to have a play .

I see that Owen Kerr, 50% owner and CEO of Pepperstone just cracked the Richest 200 list in Australia at $250,000,000. Not bad for a young turk of 30 who only started the business a few years ago. Word is he will float the business next year, which sadly will probably fuck it all up. I've enjoyed working with them these past years.

I agree you have a great system. Amazing that you poured so much into it for all that time. So I'm not surprised you closed the thread with so many muppets out and about.

Quoting realjumper
{quote} Well that's quite right.....we each peel the orange in a different way, but as long as the orange gets peeled, then the job is done! I'm with Pepperstone and the spread is 2-4 points...normally around 2.5 - 3.0, but there is no commission on Gold. As you say, the ADR is very good, so 3 pip spread is not a big deal. Like anything though, it depends upon a good system to gain consistent and reliable entries, which I have. I actually went to Gold simply because the volatility on the FX pairs was lacking for so long, but Gold was fine. I just...
  • #134
  • Sep 23, 2014 8:02am Sep 23, 2014 8:02am
EQ or gtfo
H.D
  • #135
  • Sep 23, 2014 8:04am Sep 23, 2014 8:04am
Quoting dancingphil
Ah, thanks to the Ignore button, Stinky, Mingary, JohnW, The Fool, Carlsberg and Cat can go play in another sand box. What a load of dribble from each and everyone of those morons. As RealJumper and others have patiently pointed out, this thread has simply sought to find other large lot traders here on FF. I am not trying to sell anyone anything. I am not trying to convince anyone of anything. I have nothing to prove to the idiot gallery of trolls. Thank you to RealJumper and to Rooi for the links of large lot traders, and for remembering what this...
Thank for your answears and thanks for getting out all those nasty muppets.....

I wonder what you do when you release hedge part and goes in other direction more: ''example: you entered in buy position and your sell hedge trigered after 11 pips; than market goes more down and you see good opportunity that market may go up again,you release hedge and market suddenly continues in downward direction what do you do in that case? Hedge again after some pips or close minus or.....?

Thanks in advance,

Regards!
  • #136
  • Sep 23, 2014 8:34am Sep 23, 2014 8:34am
Quoting Zokynho
{quote}you entered in buy position and your sell hedge trigered after 11 pips; than market goes more down and you see good opportunity that market may go up again,you release hedge and market suddenly continues in downward direction what do you do in that case? Hedge again after some pips or close minus or.....? Thanks in advance, Regards!
I think, he already mentioned in an earlier reply that he will attempt to hedge again.

Trading notional value of 50M with 200K account allows for roughly 40 pip adverse move before the account will be wiped out. Phil mentioned that his brokers will liquidate positions at 80% margin drawdown. He can repeat the hedging trick once or twice, at most.
  • #137
  • Sep 23, 2014 8:36am Sep 23, 2014 8:36am
Quoting grin
{quote} I think, he already mentioned in an earlier reply that he will attempt to hedge again. Trading notional value of 50M with 200K account allows for roughly 40 pip adverse move before the account will be wiped out. Phil mentioned that his brokers will liquidate positions at 80% margin drawdown. He can repeat the hedging trick once or twice, at most.
Didn't see that he mentioned it,thank you!

Regards!
  • #138
  • Sep 23, 2014 8:47am Sep 23, 2014 8:47am
I know I'd be proudly show a 500 lot trade Lets see a statement!
  • #139
  • Sep 23, 2014 8:50am Sep 23, 2014 8:50am
Thanx for reply, I am still a small fish in pound hoping to become big shark really soon, btw I am using IC markets at this moment.

once again respect for all real traders.
Don't speculate trade with surety.
  • #140
  • Sep 23, 2014 9:21am Sep 23, 2014 9:21am
There are so many things wrong with some of the people's brains in this thread...
By the way, I trade futures and I'm here only to use FF for news updates (beats paying for squawk), but now and then if the bund is boring, I'll take a look at the newbies trading with their bucket shops, technical indicators and "mentors" to remind myself how stupid I used to be.
If nobody on here can see the link in basically asking "who has the money to trade large lots", slip in an outrageous lie that a "student" can turn a few hundred $$ into a few hundred thousand in 11 months then they're completely retarded.
Think about it...
Furthermore you people will lose every penny you've got playing the biggest poker game in the world.
But hang on, most of you on here are not even playing the right game....
Think about these "tight spreads", "commission free" BS you get from your broker. How do they make money? It's on the spread right??
WRONG!!!
They profit when you lose, your CFD/Spread-betting broker keeps your money... end of story. Also when you open an account (which I've done with both at some point), the small print (if you can be arsed to read it) states that they can give you whatever price they want. Can anyone with half a brain not see the conflict of interest here??
Can anyone with at least a grain of intelligence work out why FXPro can afford to sponsor a few football teams (much like Bwin for Real Madrid)?
Plus, trading is a zero sum game. How can you make a decision to trade or not without seeing the order book? If you don't know what spoofing is, what running is, what leaning is, who a local is, then you're nothing more than a pleasure-seeking gambler who will go on to lose all their money..
Anyway I suppose prancingphil will fall in love with his ignore button after reading this and maybe the rest of you will try to fan the flames of the bonfire I'm peeing all over. You may even try to make yourselves feel better by calling me a "troll". Hopefully a few of you will see some sense, sad thing is - most won't.

PS To answer any questions about moving around large lots, say 100+ clips, you just have to make sure that your execution to get in and out is hidden from the other players, or they'll look to get you!! If you're trading with zero commission..blah blah, just hit the "trade" button and hope your account doesn't blow up.

Good day to you all.
Dazzer
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