Search results

I understand what you are saying. I suppose that my belief is that the shorter the term that you look at trends, the less valid and more random they are. Nonetheless, I understand your thought process and your trade certainly seems to be accurate at the moment. Warm regards, Neal.

I don't trade fundamentals either. All you need in the currencies is to trade the trend (for that matter all products). If you can lose 10 pips three times and make 50 once, you are the king of the world! I just question the ability to do that with consistency since there seems to be no...

It's good experience to swing like that. You won't sweat as much now and you can be more objective in your decisions when you go back to your normal size swings.

Incidentally, as a non-market maker or flow trader, you SHOULD have an opinion. One of your few edges is the ability to trade with the trend. With no opinion, or bias, you cannot have any basis in fact for decisions. Since you are not privy to order flow, you are essentially guessing if you are...

Thanks for your reply. While I agree that there is some short-term correlation between oil and all the other world markets (including EUR), I would offer that the overall and intermediate/longer term correlation is very weak. With that said, at this point in time, I would not want to be...

No offense intended Chinook, but you short EUR guys should really give it a rest. You are going to win small battles but lose the big war. The EUR is clearly going higher and trades really strong overall. It cannot sustain any appreciable dip and closed at a near-term high as recently as...

Chinook, You were on the money today when you said that 1.2330 was about equilibrium. Oh well, tomorrow is another day and I'm fully long EUR again. I probably contributed to the volatility a bit today as I traded about $300 Million in total. $150 each way. Not enough to rattle the markets...

Chinook, you are very honest. That is refreshing. I cut some of my long EUR positions at an average of 123.08 and got right back in after the market bottomed and started to head back up again. That is the beauty of stops, I was comfortably reducing my position and was able to withstand the...

I think that is a different Madison. Gerrity Lansing the Street's sexiest banker is the head of Madison Trading.

This really sounds too incredible to be true. What kind of balance sheets do these firms have? If we have a major event, would these firms back away after the fact, especially on size? This is a rhetorical question, obviously, nobody can answer this until it happens. I'm nervous about it but...

Thanks for all the comments and information. Which numbers are considered 'big numbers'? Employment and what else? Do they have a pre-determined list? Kindly advise. Thanks. Neal.

I'm hearing a bit about this recently. What is the real story with this? Are firms really guaranteeing stop orders to be filled at the price specified? What kind of financial backing do these firms have. Is there a size limitation as to how much you can place on these stops? Are there any other...

Everest is run by Marko Dimitrejevic. Yes, they are a big time fund based in Florida. He's one of the smartest guys in the business although he's had his blowups.

Does a bear shit in the woods?

I know exactly who is behind this firm and i give them my 100% endorsement. They are the real deal. No gimmicks, catches or alternative agendas (no it's not me behind it). IMO they have the best rates, fastest most stable platform, best support, etc. They will soon dominate the space. My...

Double Entendre.

What's so special about Gold that makes it the harbinger of wealth in times of crisis? I mean it's just a metal which is by far not even the most scarce in the world. It's kind of shiny and pretty but big whoop. Is it just a self-fullfilling prophecy in that everyone believes it to be a...

50_Luma, you have crystal ball so it's not fair to include you in the contest. This contest is just for us mere mortals not superhumans such as yourself! :-) Neal.

I think that is a pretty standard deal nowdays. Probably depends on factors other than the commission rate such as stability of platform, quality of reporting, etc. etc. It wasn't so long ago that 'retail' was paying 1-4% of the stock purchase price to a full-service broker! I wonder how any of...

No, I own the firm (ihedge fund and prop. firm) and it is for black-box trading of more than 5 million shares per day. The deal is part of a much larger one encompassing a lot of bells and whistles. Nonetheless, deals close to this rate are available and will be more so in the near future. I...