Search results

illiquid, Five posts up (counting yours and this one) gives 65 pip stop, if spot, from choice within range of entry at 111.85-.95. I'll sell (stop) averaged-in, near-month YEN futures at . __8964. Trade is non-duration. I will close it, in absence of take profit (see earlier post) or...

Spot trade should be filled; futures averaged in. Rationale to be tested. (Two posts above: "Rationale? Japanese exporters, to protect USD earnings, will buy YEN at/above 112.00 spot. If so, entry price is justified.")

See thread "Yen now and through the summer," this forum.

Overnight, USD/Yen took deep back seat to equities (Nikkei 225), energy, and FOMC. Keep above order on, seeking entry 111.85-.95 spot (or averaging in near futures if/when .__9025 Yen/USD breached).

USD/Yen should pierce 111.85-95 tonight (Sydney-Tokyo day). Short USD at that price (your choice in that range), stopped 65 pips at 112.50-65 (your choice in the range). No limit. Trail the stop (move it) to entry if/when YEN reaches 111.00, then take profit anywhere below 110.00. If...

There is no regulatory approval of fx dealing in the USA. It is unregulated. The CFTC prohibits entities and instruments within its reach -- USA entities and regulated products -- from dealing to, or being dealt to, persons who are not high net worth. That is an example. The key phrase is...

See my post on July 27th, below: anyone else along for the ride?

Its a disservice to anyone who reads a post of mine to reinforce the hype of the fx dealer community. The dealers have shills enough to do that for them. It undercuts the credibility of this board to reinforce that hype. Those are my motives. Retail fx dealing is unregulated. That's a...

The fx dealer wins when you lose. It always is the counterparty to your position. Its not brokering anything. It simply holds the other side of your bet, like a bookmaker, the only difference being that it gets to choose the final score (unlike a bookmaker). Its interests and incentives are...

Who is Taleb (the Citi investor)?

Last two posts are very enlightening and interesting -- first post providing history of Cramer's touts and second on Forbes' bona fides, or lack thereof, on crude oil.

And . . . ?

Steve Forbes, not a favorite of mine, made the case this morning on CNBC for the speculative bubble in crude. It's a persuasive case. I say that for my own reasons, having spent some years reporting legal and regulatory news in that business. Cramer's riff may be more proof of a bubble...

Ultimately, the only way to answer your query is to try what you propose. Except for my first hand experience, which I mentioned earlier, my points about problems with the proposal are conjecture. You may be right that there's an unexploited opportunity awaiting anyone daring enough to risk it.

I wasn't suggesting a dealer micro manages every customer trade, only that a dealer's quotes reflect its (the dealer's) best position versus its customers' net positions. Anything else would be irrational and counter to the incentives the dealer operates with. From my first hand experience...

The first call you posted produced the 865 plus pips, but that call was posted after the fact, or partly after the fact, according to the first reply to your start of this thread. That's why I call it a head start. That reply describing the head start is as follows...

Ouch. And this is with a head start of 864 points plus. Ouch & double ouch.

You don't have to trade currencies to understand his point. The fx retailer controls every customer's exit from the trade -- that's the critical point. Of course, the dealer wants the customer to "take" the quote offered. The customer is "in" then, providing the dealer with what it needs to...

On the size you're asking about, a half-million dollar USD account could double or blow up in the time it takes to read this post. (A one & half percent move in USD would do it, which, while rare, is not too rare to ignore around news.) How is a retail fx dealer going to honestly fade such an...

Are you saying an all-or-none bid that size in cable (or Yen, Aussie, Swiss, or CAD) would prop the futures price, i.e., hold it up, or that you would not get the fill because of the size (not the price)? How can you know without the order being there? The actual order book produces the...