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  • #955,961
  • Jan 29, 2015 8:57pm Jan 29, 2015 8:57pm
Quoting navk
{quote} I have GA short ( pending ) at Thursday's high.
Will Join You in GA SHORT
A good trader follows his rules, but great trader knows when to break them
  • #955,962
  • Jan 29, 2015 8:59pm Jan 29, 2015 8:59pm
Quoting gatorinla
watching 1343/51 .. 12h mad a -1276 close. so we may be under 1276 in 3 hours.. 1196 still open.. a new low today opens up a possible test of weeks low or 1121
support held attempt
still valid and its just yesterday's low ... yesterdays high still intact atm
its month end so dont think too much.
those who can, do. those who cant, talk about those who can
  • #955,963
  • Jan 29, 2015 9:00pm Jan 29, 2015 9:00pm
Quoting fxtyrant
{quote} i work as a sales trader in an investment bank i'm located in Hong Kong. reason why im bored is its asia markets and it feels eerily quiet here for a friday....
Do you mind if I ask more questions about your job? I'm currently pondering over what professions I might have in the future post-university. A sales trader basically facilitates the financial investments of clients by providing information and news that might help them succeed, right? Can you tell me what sort of information they provide specifically, and how they can compile all the useful data in a timely manner?

Also, to be a client at an investment bank (for the sake of simplicity, let's say yours), how much do you need at minimum?
  • #955,964
  • Jan 29, 2015 9:02pm Jan 29, 2015 9:02pm
Quoting Rockerzeus
{quote} is your 12H close means NY close +12 or regular NY day close +12. Thanks
i was comparing London to 12 h later
those who can, do. those who cant, talk about those who can
  • #955,965
  • Jan 29, 2015 9:03pm Jan 29, 2015 9:03pm
Quoting Rockerzeus
{quote} is your 12H close means NY close +12 or regular NY day close +12. Thanks
i was comparing London to 12 h later in week s/r
those who can, do. those who cant, talk about those who can
  • #955,966
  • Jan 29, 2015 9:07pm Jan 29, 2015 9:07pm
Quoting Goodvalley
{quote} But you're not considering that one a setup yet, do you? On DEMO, I've been putting pending orders on the theoretical pullback on different timeframes. Sometimes every time there has been a possibility, sometimes thinking carefully (trend, other TF's, etc.) I expected many losses when playing every chance without thinking, but found lots of safe BE when S/L on the rear mofu and/or back on the 38.2 point.
i was already in from the day before.. i still was holding 80%
those who can, do. those who cant, talk about those who can
  • #955,967
  • Jan 29, 2015 9:11pm Jan 29, 2015 9:11pm
Quoting Vermillion
{quote} Do you mind if I ask more questions about your job? I'm currently pondering over what professions I might have in the future post-university. A sales trader basically facilitates the financial investments of clients by providing information and news that might help them succeed, right? Can you tell me what sort of information they provide specifically, and how they can compile all the useful data in a timely manner? Also, to be a client at an investment bank (for the sake of simplicity, let's say yours), how much do you need at minimum?
no
what a sales trader does is to provide clients with market update, if im an FX sales trader, G7 coverage, i would update clients who call up, or i call them up myself (especially if i need to start racking up revenue to meet my sales target) i need to give market colours,
say whats been the news, whats going on with the G7 currencies, etc etc.
also discus with our in house research team to provide clients with our inhouse views on what position to take.

as a sales trader we we have multiple team with multiple target segmnt, it could be Local large Corprs, Commercial Banking, Multinationals, hedge funds.

say if i work for multinationals, my portfolio of clients would be like Siemens, Prada, McDonalds, Kraft Foods, Etc etc, and i basically need to understand what their needs would be, in order to proactively talk to them about any trade idea or strategic idea to hedge their firm's risk.
multinationals would do much more cross border activities accounting and book squaring purposes. like McDonalds, their profits are audited in USD, so at the end of each month we do get flow orders from McDonalds to try to convert the profits they made in Japan in YEN, back to USD.
sometimes if they think a currency is going to fall and that the fall of that currency may effect their profit, they may also choose to execute a forward option with us.
etc etc.
i hope this gives you an idea what sales trader does.

Investment Banks focuses on Corporates, its very very very rare that there is any individual dealing through ibank... usually HNW or UHNW individuals deal thorough private bank.
because Investment banks deals with Incorporated Firms, Listed Firms, and Corporations...

PS. as a sales trader, there are annoying sides to this job, you are constantly being threatened by the client saying its my mistake they are losing money (when the fact is they chose to execute that trade.... all i did was to give our company's advise, the same advise we give to our clients)
and also clients calling us up almost any time some of our clients go nuts when they saw a 20 pip move and there was no news backing it up, all i can tell them is the infamous phrase "Other Banks maybe filling an order" or better yet, "no body knows"
imagine the calls i get during FOMC...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #955,968
  • Jan 29, 2015 9:12pm Jan 29, 2015 9:12pm
Quoting Mr Hatch
{quote} I'd love to see a bounce in the a/u, now that it has fulfilled the 2011-drop to 0.78111. Big chart, big area, big magnetisms. If the even bigger chart is in play, we got time until 0.7182-area. {image}
i had a scalp long yest on the ea .. and short atm .. for 500.. i hope your right..
those who can, do. those who cant, talk about those who can
  • #955,969
  • Jan 29, 2015 9:18pm Jan 29, 2015 9:18pm
Quoting fxtyrant
{quote} im bored... what should i do?
relax



















Inserted Video
those who can, do. those who cant, talk about those who can
  • #955,970
  • Jan 29, 2015 9:20pm Jan 29, 2015 9:20pm
Sitting on my hands until 1544, 1495 or 1144
Attached Image
  • #955,971
  • Jan 29, 2015 9:29pm Jan 29, 2015 9:29pm
bbl
those who can, do. those who cant, talk about those who can
  • #955,972
  • Jan 29, 2015 9:40pm Jan 29, 2015 9:40pm
Quoting fxtyrant
{quote} i work as a sales trader in an investment bank i'm located in Hong Kong. reason why im bored is its asia markets and it feels eerily quiet here for a friday....
hi if dun mind, can I ask what is the job like? and what's the requirement to work in your field? thank you
  • #955,973
  • Jan 29, 2015 10:00pm Jan 29, 2015 10:00pm
Quoting wendyqq
{quote} hi if dun mind, can I ask what is the job like? and what's the requirement to work in your field? thank you
job is stressful.
requirement to work in the field.
well analyst level sales trader needs atleast 1-2 years prior experience in global banking and markets.
without a doubt, knowlege in Equity, equity derives, FX, Rates, fixed income.
financial studies background is a must.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #955,974
  • Jan 29, 2015 10:04pm Jan 29, 2015 10:04pm
Quoting fxtyrant
{quote} job is stressful. requirement to work in the field. well analyst level sales trader needs atleast 1-2 years prior experience in global banking and markets. financial studies background is a must.
thanks!!
  • #955,975
  • Jan 29, 2015 10:10pm Jan 29, 2015 10:10pm
Tyrant, so basically you are just trading forex? or all kind of market as well? Commodities, stock, option etc
Read the entire market, money is made on the main trend not the fluctuation
  • #955,976
  • Jan 29, 2015 10:13pm Jan 29, 2015 10:13pm
Quoting Kofmaster
Tyrant, so basically you are just trading forex? or all kind of market as well? Commodities, stock, option etc
multi-asset
im a corp sales/ sales trader role

equity linked products/equity derivs
fixed income, and FX (spot, and forwards)
slowly picking up FX derives too.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #955,977
  • Jan 29, 2015 10:31pm Jan 29, 2015 10:31pm
Quoting fxtyrant
{quote} multi-asset im a corp sales/ sales trader role equity linked products/equity derivs fixed income, and FX (spot, and forwards) slowly picking up FX derives too.
I mean you yourself. Due to your job background you seems to know alot beside just Forex. So I am wondering do you trade other markets as well because you seems to lingers here quite often
Read the entire market, money is made on the main trend not the fluctuation
  • #955,978
  • Jan 29, 2015 11:09pm Jan 29, 2015 11:09pm
it's 1.1333 I must post again. shhh. big post gap move to end the week.
----- Dragonfly out in the sun you know what I mean, don't you know
  • #955,979
  • Jan 29, 2015 11:19pm Jan 29, 2015 11:19pm
Quoting fxtyrant
good god im seeing lots of clowns coming out to party on this measely pathetic 300 pip stop run after ECB dropped it 500 pips in 2 days on QE announcements.... and muppets begin to think this thing turns to bullish? dear god....
Anyone who thinks EU is turning bullish is obviously delusional. I have been bearish on EU since it was at 1.37 - 1.4 range and am still super bearish till at least 1.0 or less is hit. However in the short term it is okay to lay off and wait for higher prices. Agree though, lower low is ridiculously higher % than higher high. We've made new lows over and over again and there's really no reason to think that's done yet.
  • #955,980
  • Jan 29, 2015 11:20pm Jan 29, 2015 11:20pm
Quoting Kofmaster
{quote} I mean you yourself. Due to your job background you seems to know alot beside just Forex. So I am wondering do you trade other markets as well because you seems to lingers here quite often
i dont really trade other markets, but very often i look at other markets behaviour to help my analysis on FX.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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