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  1. M

    How Bout InterbankFX vs Oanda

    Yep its a pretty funny name. But no they are actually a very good broker. Jackflash I suggest contacting them. I dont really have experience with this as I personally leverage 5:1 a position max on my personal account.
  2. M

    How Bout InterbankFX vs Oanda

    Interbank FX has probably the best customer service out there. I have had some great dealing with them. Good execution, honest and very helpful with questions. Spreads are fixed which is excellent for me.
  3. M

    Systematic FX Trading Journal

    FX Ended a very fast moving and trending week. Solid trades made overall. Due to the volatility occuring during the NFP the positions were exited out. Overall even with all the problems with programming bugs and computer restarts ended the week with a pretty nice gain. Return FX: +48.13%...
  4. M

    Systematic FX Trading Journal

    FX Another move to a lows for the US dollar. My account has a return of 50% now. Closed off the USDCHF short with a 287 pip profit and closed off EURUSD long with a 299 pip profit. Still holding USDJPY short and AUDUSD long each sitting with 111, and 81 pip profits respectively. Even though...
  5. M

    6% return per month

    Thats very solid. It seems you have all the necessary risk capital to keep making money. 58K is enough so that you can move some good volume around as well as keeping commissions at a low percentage. I am not familiar with intraday stock trading (focus on intermediate term- long term currency...
  6. M

    6% return per month

    Everyone will have losing months. However, if you have sound trading principles and techniques then there is nothing wrong with one or two losing months. That is periodical and occurs to everyone. Keep trading, build up capital and keep making profits.
  7. M

    Systematic FX Trading Journal

    FX Well nothing much to say about today other than that it was one heck of a fast moving market on the currencies. I wasnt fully prepared for the move as I closed down those 4 trades at a loss because of the bug but it was still a very nice ride upwards. Still shorting the dollar against 4...
  8. M

    Systematic FX Trading Journal

    Equities Well as soon as I finished saying TKO was down 2% or so on 1/4 volume, it began moving up rapidly! TKO up some 8.66% on strong volume. There was no news release so this is probably some heavy buying from an entity or possibly short covering although I think it is the former. Overall...
  9. M

    Systematic FX Trading Journal

    Equities Not too bad. Action is good although nothing big like yesterday. Notable was TKO which slipped on less than 1/4 daily volume. Not too worried about that. Considering the very large short float we will have a lot of propellent for upward movement. Not as exciting as FX but calm and...
  10. M

    Systematic FX Trading Journal

    Wish I gave signals. Have you seen the rates the other signal providers charge? 200-500 bucks/month often on methods based on unsound principles . :eek: Oh well I will stick to managing the few client accounts.
  11. M

    Systematic FX Trading Journal

    Thanks . I did actually but due to account size constraints I decided that it was a better risk/reward to just do an outright position. Eventually I ended up getting out of the common stock position outright and putting that more into the warrants which have a much better value for appreciation...
  12. M

    Systematic FX Trading Journal

    FX Capitalizing on this trend very well. I really wish I didnt find that error now. I would actually be up some 400 pips currently on the positions on the other pairs. Oh well profit missed due to darned programming errors. I did make great money though. All trades still open with a total...
  13. M

    Systematic FX Trading Journal

    FX The trend is being caught very well. I had to use manual intervention today as I have closed out trading on a group of pairs. This is due to a programming error on the entry criteria which is causing some erratic behaviour. The erratic behavious has cost me around a 3 dollar loss only...
  14. M

    Nassim Taleb/Empirica Results

    Jim Simons isn't trained in any finance or the random walk of bullcrap theory. He hired just one guy with wall street experience and thats basically it. The rest of his traders and researchers are people in academia doing the sciences, or engineering. He trains them at the fund and probably...
  15. M

    Systematic FX Trading Journal

    A great move in both equities and FX today helped end August with a decent gain in a pretty tough FX and equities market. Notable equity trades were on TKO (up 11%) and DHI (up 8%) with the others making solid gains as well. My equity beta is actually at the lowest level since I began trading...
  16. M

    Systematic FX Trading Journal

    Equities Had some good fills today on my orders. Here is the list: BSTE 58.76 DVN 59.32 DHI 34.36 PHM 82.96 CBH 33.31 FIC 40.44 RLI 45.5 WFSI 65.8 I have also gone long TKO at 3.49. Yesterday's pull back was very small with half the average volume so it made no sense to not go...
  17. M

    Systematic FX Trading Journal

    Equities I have decided to start trading some of the quantitative screens I have developed for the past few months. Screens are made based upon fundamentals only. Trends are established based upon earnings, returns, and debt level data to create the positions. One of the biggest factor is to...
  18. M

    Systematic FX Trading Journal

    Have a short USDCAD trade placed. Currently down some 10 pips. Lets see how this plays out. The markets have surely not been the best for trading since mid August.
  19. M

    Systematic FX Trading Journal

    FX No trades made on the FX account. However, I am positioned with limit and stop orders to take advantage of any sustained dollar bear trend if any pops up this week. The movement has been nasty. The month of August was definitely not the best for trading. Maybe next year I will not trade at...
  20. M

    Career...Tell me if this is true

    There is a difference between flow traders and prop traders. Flow traders are the guys working for commish and spreads. Prop traders at the banks are betting firm capital to make returns. You wanna be the prop trader not the flow guy. Regardless both require the informational edge so you tend to...
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