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Cable Update (GBPUSD)

  • #401,161
  • Oct 1, 2014 8:41am Oct 1, 2014 8:41am
Quoting albchr
{quote} LOL ... The rules are for us, not them. Just like in the states here with no hedging and the FIFO. Nooooo.... the banks could never do that stuff now either ... right?
I never understood that, to be honest, why US traders can't trade normally anymore. Leverage, ok, lets say someone doesn't want people to lose money quicker than in Vegas. But hedge and even worse, FIFO, I don't get. Anyway, you got your new broker now, don't you? I think they are the last man standing, providing all the features to US traders.
Everyone can see the chart, but only a few can actually read it.
  • #401,162
  • Oct 1, 2014 8:42am Oct 1, 2014 8:42am
Quoting nAVIN2007
{quote} i have actually made more than what i get when i go work..go figure
Bravo! Bravo! You one slick tiger today. You should hang around here and trade with us more often.More fun , more profitable.
Unless Billy got some offer in Jersey that we can't refuse ...
Hear the music before the song is over ...
  • #401,163
  • Oct 1, 2014 8:44am Oct 1, 2014 8:44am
Quoting nAVIN2007
{quote} thats crazy..u can use the bank, to give u more than a heads up of where the mofo is going..assuming that they have a clue
well i only have the order book of the Bank's Clients transacting with us....
i dont have information on clients who are trading with other banks.... :/
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #401,164
  • Oct 1, 2014 8:44am Oct 1, 2014 8:44am
Quoting GlobalMacro
{quote} Bravo! Bravo! You one slick tiger today. You should hang around here and trade with us more often.More fun , more profitable. Unless Billy got some offer in Jersey that we can't refuse ...
one day bro!!..one day
Billy im here buddy..call meh if u need me

looking for 1.63
  • #401,165
  • Oct 1, 2014 8:48am Oct 1, 2014 8:48am
Quoting fxtyrant
{quote} high frequency trading is actually done like this... imagine 2 brokers.... FXXX 1.20001 and AXXX 1.20000 removing bid-ask condition away.... what HFT does is buy AXXX for 1.2000, and sell the same security to FXXX for the price they quote which is infinitesimally higher than AXXX's quoted price.... then 1.20001 you gain that 0.00001 profit.... HFT is literally trading these small differences in price in different brokers... essentially Arbitrage trading...... but because of the size of the profit... more orders are placed.... sooo 10 orders...
Gotcha! Thanks.
Ghost Rider - WWTBMD?
  • #401,166
  • Oct 1, 2014 8:48am Oct 1, 2014 8:48am
Quoting fxtyrant
{quote} well i only have the order book of the Bank's Clients transacting with us.... i dont have information on clients who are trading with other banks.... :/

that good enough..
  • #401,167
  • Oct 1, 2014 8:51am Oct 1, 2014 8:51am
Quoting nAVIN2007
{quote} that good enough..
good enough for me to bet against my clients (USD200m) order and i manage to take 0.01% counter trading them plus the commission i earn for executing the order for them.... boy.....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #401,168
  • Oct 1, 2014 8:51am Oct 1, 2014 8:51am
Quoting nAVIN2007
{quote} when i first started trading. i had a problem with alpari and somehow i got through to the trading room..and i spoke to some guy he told me to sell cable it wont come back to 1.93 at that time cable was at 1.97......guys was just in alpari I wish i listened to him
LOL ... ahhhh .... but who can you really trust? ....
Ghost Rider - WWTBMD?
  • #401,169
  • Oct 1, 2014 8:52am Oct 1, 2014 8:52am
Quoting albchr
{quote} LOL ... ahhhh .... but who can you really trust? ....

thats what i thought..but boye!! was he right
  • #401,170
  • Oct 1, 2014 8:55am Oct 1, 2014 8:55am
Quoting nAVIN2007
{quote} thats what i thought..but boye!! was he right
BTW you know whats funny? we at treasury dont even need to find clients... the client hunting bit is done by people down at private bank and corporate bank relationship managers... they are literally Brain dead...

a friend of mine trading fixed income told me he had to deal with a Relationship manager who found a client asking for a corporate bond at 7% yield yet wants the bond to be atleast 1 A grade.....

we couldnt stop laughing..... the best 1A grade bond out there in terms of yield is around 3%,,, 4% is pushing it.... she wants 7....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #401,171
  • Oct 1, 2014 8:59am Oct 1, 2014 8:59am
Quoting fxtyrant
{quote} BTW you know whats funny? we at treasury dont even need to find clients... the client hunting bit is done by people down at private bank and corporate bank relationship managers... they are literally Brain dead... a friend of mine trading fixed income told me he had to deal with a Relationship manager who found a client asking for a corporate bond at 7% yield yet wants the bond to be atleast 1 A grade..... we couldnt stop laughing..... the best 1A grade bond out there in terms of yield is around 3%,,, 4% is pushing it.... she wants 7....
  • #401,172
  • Oct 1, 2014 9:03am Oct 1, 2014 9:03am
Quoting OnlineAddict
{quote} I never understood that, to be honest, why US traders can't trade normally anymore. Leverage, ok, lets say someone doesn't want people to lose money quicker than in Vegas. But hedge and even worse, FIFO, I don't get. Anyway, you got your new broker now, don't you? I think they are the last man standing, providing all the features to US traders.
Oh but it's all about "protecting" us from ourselves. Isn't that thoughtful & lovely of them?

BS!!! .... Anyone who needs that "protection" shouldn't be pushing any buttons to start with. The leverage I really have no problem with. 50:1 is plenty for a small account and I'd reduce it as the account grew anyway.

But the hedging? That's BS. When used properly it's a GREAT "addition" to trading. When I first started I could. Say I bought GU at 1.4000 and it's now at 1.5000. I could hold the long and trade the small retraces for "extra profit" in the kiddy. But so many used it to try and "save" themselves from being wrong instead of just closing a bad position. I guess they needed to "protect" them.

The FIFO is just the STUPIDEST thing on Earth and really kills a great many approaches. Up until just a few months ago my broker "worked around" that. But no more. My account was just taken over by FXCM and that's who I have now. All US regs apply.

I have another outside choice but I have a stumbling block with that I need to work around. In due time me thinks.
Ghost Rider - WWTBMD?
  • #401,173
  • Oct 1, 2014 9:04am Oct 1, 2014 9:04am
Quoting fxtyrant
{quote} BTW you know whats funny? we at treasury dont even need to find clients... the client hunting bit is done by people down at private bank and corporate bank relationship managers... they are literally Brain dead... a friend of mine trading fixed income told me he had to deal with a Relationship manager who found a client asking for a corporate bond at 7% yield yet wants the bond to be atleast 1 A grade..... we couldnt stop laughing..... the best 1A grade bond out there in terms of yield is around 3%,,, 4% is pushing it.... she wants 7....
LOL ... can't fault a girl for asking.
Ghost Rider - WWTBMD?
  • #401,174
  • Oct 1, 2014 9:06am Oct 1, 2014 9:06am
Quoting albchr
{quote} Could be. I don't have a bias. Just go with the flow as best I can. Seems to work OK. As far as what I see as a "possibility" on the 4H? About here. Lets' see what happens. {image}
Working on it. Next speed bump here.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 56 KB
Ghost Rider - WWTBMD?
  • #401,175
  • Oct 1, 2014 9:11am Oct 1, 2014 9:11am
Quoting albchr
{quote} Working on it. Next speed bump here. {image}

great entery
  • #401,176
  • Oct 1, 2014 9:11am Oct 1, 2014 9:11am
Quoting cspip
May see 1.6230s again.......
even abit more so..........

.......now could it drop to around 1.6100 ish ?.........(with a bounce of some sort at 1.6184)
  • #401,177
  • Oct 1, 2014 9:14am Oct 1, 2014 9:14am
Quoting nAVIN2007
{quote} great entery
Blind squirrel .... nuts ..... you know how it goes.

Thank goodness I know a little something about Pennsylvania.
Ghost Rider - WWTBMD?
  • #401,178
  • Oct 1, 2014 9:17am Oct 1, 2014 9:17am
Quoting cspip
{quote} even abit more so.......... .......now could it drop to around 1.6100 ish ?
I suspect she may need to test 1.62088 before any further up. Maybe just 1.62201. We'll see.
Ghost Rider - WWTBMD?
  • #401,179
  • Oct 1, 2014 9:18am Oct 1, 2014 9:18am
Quoting albchr
{quote} Well, they all have different tastes but the majority of them go for this puppy. Me too in fact. {image}
Those steel puppies make abrupt loud noises when you put the paddle to the metal , I'm sure that gets their blood rushing good ...
Hear the music before the song is over ...
  • #401,180
  • Oct 1, 2014 9:22am Oct 1, 2014 9:22am
Quoting GlobalMacro
{quote} Those steel puppies make abrupt loud noises when you put the paddle to the metal , I'm sure that gets their blood rushing good ...
They do enjoy the American muscle. On 2 wheels or 4. That's not to say a nice Lambo doesn't open the day to some possibilities as well.
Ghost Rider - WWTBMD?
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