I'll post back after midnight. It's poker night. I'm out
Later
GBP/JPY Trading 2008
- Thread starter ForexPro
- Start date
I'll post back after midnight. It's poker night. I'm out
Later
It's technically a fwd start/corridor American barrier option [no touch]. The position will lose the $20,000 debit if 212.80 is touched any time before 00:05 AM on Thursday morning. NT's are value with standard fx option moneyness models. Dirty pricing states that touch prob is approx 2x delta. There is a leveraged swap input, but it's very small. Standard BSM can be used on hourly durations.
I have a buddy at NYMEX who introduced me to a friend of his during dinner in Tribeca. We both had similar academic backgrounds and he mentioned he was starting a structured products fund in Germany. He had little knowledge of the product, but was a strong discretionary-trader. He turned 10MM into 100MM in 18 months.
Actually you did state very clearly that I could not have exited after 9:20am. Your exact words here:
"In fact, GBPJPY had already passed your 215.58 exit when you posted your 216.92 short at 9:20 EDT"
and here:
"I understand your point, but he posted the 216.92 short AFTER his buy to close price had been hit."
and here:
"He posted the opening 216.92 short after his profitable exit-to-close was touched. GBPJPY went up like a dot-shot from there and the 215.58 print was not seen again."
and here:
"Bullshit, GBPJPY was trading under your fantasy short-cover before your 9:20 post. Nice of you to post the entry after the price has met your exit parm."
The fact that your statements where proven wrong by the FACTS changed your tune to "BS, I just don't believe you" and thats fine by me even if it is rather infantile. If you're going to play Net Cop just have the facts correct before calling BS on someone.
"9:20amEDT: Posted a new, short to open a position at 216.92. Price was trading 215.45-215.70"
The short was taken hours before that post. Quite obvious right?
"10:30amEDT: Posted his 215.58 exit. Price was trading 216.35."
Already covered this one.
"I dispute you actually sold 216.92 and covered at 215.58. My rationale has been outlined, ad nauseum."
I've quoted your outline above and the facts prove your rationale wrong and flawed. Now if you want to restate and simply say "Nah, Nah, Nah, Nah, I don't believe you" thats a whole different story.
As far as blotter go. I have no idea what a blotter is, hence my statement. thought you wanted PnL and there is a snowball's chance in hell thats getting posted.
Who the hell is Jon Lovitz? Like I care.
"The vast majority of his posts prove them same."
Care to elaborate - with proof?
In any case, heres the pissing match which was apparrently caused by my pointing out the title of this thread. I was right to do so if in fact this is to be a GY thread. No? I suppose that is to deep of a concept for some. I have no vested interest in this thread other than a curious distraction. You guys want to trash it, be my guest - Doesn't effect my PnL one bit.
Short from 216.02 WAS closed at 214.78 for +124.
I am sure it was.
All of your posted fills benefit from hindsight, meaning, they are not achievable when they're posted. The last short at 216.02 being case-in-point. I've already posted the prime example of your scam, so feel free to refer to it as often as you like. Again, I never disputed the time and sales.
Pissing match as motivation? No, I am not the one that whined to the mods.
The motivation for your scam? I'm the wrong one to ask. I am not inclined to comment on your scam any further; so unlike you, I am a man of my word and will killfile your handle. Good luck in Never Never Land.
ForexPro: Sorry for getting the thread side-tracked. I won't respond further on the subject.
I was hoping this would come from you sooner or later.
Anyway, putting in an order to short half of a full position at 216.40 (now trading 216.15). I'll consider adding the second half if it goes a bit higher.
EDIT: Also selling EUR/JPY at 161.25 stop at 161.85 and target of 160.35 Just a simple range play although risk reward isn't as high as I usually like it to be.