Market Traders Chewin' The Fat

investment
forex

#302

It’s ok no problem. Not others just other. I’ve never been interested because of the hassle factor and it definitely hasn’t come about through soliciting but a good deal dropped in my lap and as I’m sitting here anyway, thought why the hell not.
A restriction on the sharing of radar levels I think is a bit misguided but whatever.
I’m not locked into anything apart from that really, so will see how it goes. I’m assured there will be no over the shoulder antics and I believe it is almost loose change for the party concerned.


#303

Something came into my head that I once read, if I can find it and it makes sense I will email you from my hotmail account :+1:

I won’t say good luck because you won’t need it. just enjoy


#304

Thanks mate. Ok will keep an eye out for it.


#305

So that’s why they call you “lucky Rob” :rofl:

Haven’t traded this week as been busy – also just ain’t with it. May try one two in the morning. We C.


#306

I wasn’t with it either at the end of last week Jim and skipped Friday with no analysing over the weekend. It did some good as I am up around 7% this week so I will probably skip trading tomorrow and just analyse charts for next weeks levels.
Hope you get focused again soon and start kicking some butt :+1:


#307

Good deal. I agree with you, completely. Nothing worse than going into the weekend knowing you had a good profit and blew it on Friday. Congrats – good week. :muscle:


#308

Hey … guys … I discovered this new beverage called … LUNACY JUICE !

Fortunately it wore off before I trashed my account, and I finished up nearly 11% on the month. But as Jim said… :face_with_raised_eyebrow:


#309

Good month Ex. :+1: Let’s put this in perspective. I’m convinced that a scalper that works at it can do 3% - 6% weekly. Lets take your figure of 11% which is almost 3% weekly. Compounded, your 11% works out to almost 250% interest on your money yearly. The leading banks are now paying 2.1% PER YEAR.

If a scalper starts out with $300. and invests $30. per week in his business and does 3% per week he will accumulate almost $24,000. in 100 weeks. It is reasonable to think, in trading, the scalper would improve his trade and do 4% the second 50 weeks. That being the case he would end the 100 weeks with a account worth almost $38,000.

In my world it’s worth the effort to learn the trade.


#310

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#311

Just been running through the emails from various financial bodies that email me occasionally … such as one of my brokers.

IG markets is re-specifying some of their margin rates (this is for retail customers).
The majors on FX still require 3.33%, which gives you leverage of 33:1
…unless you buy (or sell) a shed-load, in which case the margin requirement is 15%

A shed-load == approximately $15m or more, unless the other currency is Swiss Franc, in which case a shed-load == $9.5m

There are half-shed-load values too. Again the typical majors remain at 3.33% except for Swiss Franc wherein the margin is raised to 5%. Also in there are a number of crosses with with GBP which have been repriced at 4%. I guess this is due to Branxiety (Brexit anxiety).

Stray into the minor crosses and everything starts at 5%, unless one half of the pair is the Turkish Lira in which case bets start at 7.5%. An interesting thing is what happens when you get to the shed-load volume in the minors. I failed to find guidance on the Rupee against the Lira (so I guess it is not there) but it appears that the Ruble is the worst currency once you are above $1m. Margin is quoted at 50% at contract sizes around $2.5m … which is way worse than the Turkish Lira! (25% above $5.5m)


#312

Ok, because of you I dug up an old account and took a look. :smile: This is what I think is worth watching. It could take a while to play out.


#313

I have a hunch the stats on retail accounts that get blown will not change now ESMA is there to protect . :roll_eyes:


#314

Been quiet in here, nice of you to pop in Jen. How come you hung up the charts ?
It wasn’t Mingary was it ? :joy:


#315

@SupaMonkey what’s happening ? Did you iron things out ?


#316

Protect !!! I believe you are right that is what they purported to introduce the regulations for.

I gave up needing my mum to wipe my nose at about five I guess, just as I don’t need someone to excuse me when I sneeze, so what the f*ck compelled them to protect me I am not sure.


#317

Rumour has it , climbing trees will no longer be allowed either if you are under 35 years old and the tree is taller than 10 feet.


#318

Now I know you are kidding because I heard it was OK if you wore a hard hat and yellow vest. :rofl:


#319

:+1::joy: and a £50 permit from some useless government body !! Ya cynical bastard ya !!


#320

He’s on holiday …


#321

Now… everyone knows that little boys never grow-up, their toys just get more expensive!