Comments on: Inflation issue.

By: admin

admin — Wed, 02 Sep 2009 17:48:45 +0000

First few months of this year I had only few loosing days, but there was a stretch of 2-3 weeks when I had like 2 loosing trades. Not sustainable. To do it as an organization, with many more trades it is really difficult, even with built in advantage as they have. Would be interesting to know what the ROI or ROE was, but even more how much of it comes from having access to the order books and other sources not available to people like us. Ragardless, it is freaking impressive.

By: Vlad

Vlad — Wed, 02 Sep 2009 16:40:43 +0000

That’s from their prop trading desk by itself!

By: admin

admin — Wed, 02 Sep 2009 14:04:55 +0000

Only 2 loosing day? That’s unbelievable. Does it include market making or only trading?

By: Vlad

Vlad — Wed, 02 Sep 2009 06:32:49 +0000

Mike, one more thing. While I would be deliriously happy to have 60% of my trades win, this percentage is a bad joke for the geniuses at Goldman. Two losing days at their prop desk last quarter. Now, that’s trading. You would think these guys would be at least a little kind and cure cancer and malaria and aging, with that kind of brainpower.

By: Vlad

Vlad — Wed, 02 Sep 2009 05:41:30 +0000

Weird day. ISM and home sales were set ups for the bull. Covered some shorts in DB and the Brazil and Mexican etf’s, when the futs started climbing around 8am. Someone somewhere said Cerberus was selling. That might be wishful thinking, but it did seems like somebody was selling positions all day. We might never know who, in these transparent markets. Thank goodness for dark liquidity pools. aud is rescuing me some from the weird weakness on the nzd. aud/nzd was weakest of all aud crosses yesterday. If the forced selling is over, it might be good to buy a few yen crosses again. aud is looking strongest on the gdp number, though gbp is always on the launch pad, looking for a flame.

By: admin

admin — Wed, 02 Sep 2009 05:07:12 +0000

My take? Oh, no. I’m not getting myself into this. It is good for both of you to express opinion in public, small as it is, takes courage. I’m going to place a limit trade for the night and publish it in next update, but no disclosure before. You two will have to manage those trades on your own. The only way to learn. Just don’t risk too much money. In about 11-12 hours we’ll see outcomes.

By: bigFX

bigFX — Wed, 02 Sep 2009 04:50:42 +0000

I still think this is only a bounce and down trend will resume before getting as high as you suggest. Mike, what is your take on it?

By: G.R.

G.R. — Wed, 02 Sep 2009 04:32:57 +0000

BigFX, for what its worth. After spending months of watching trades here on FX Madness, I think the beast is seting up a short term buy signal, to 151.50-152.00. If this happens, we want to review longer charts and see what is up there.

By: admin

admin — Tue, 01 Sep 2009 23:29:25 +0000

Nothing magical about it, just round number where orders tend to bunch up.

By: bigFX

bigFX — Tue, 01 Sep 2009 22:21:36 +0000

Man, the beast is ready to fall hard. I don’t know what still holds it up. The magic of 150 line?