Yes to all that, apart from the last statement which is its own prison. I could point - but I won't - to a whole pile of traders who've had that chart time and still know next to fuck all. the two aren't directly correlated. If you do what everyone ...

Setups are bunk?

Yeah, I know the type, I've read those shockers. No - this is worth more than almost all the trading books I've got put together - I only came across it because Clemmo reviewed it here, and it's rock solid. He's been a T1 spot desk and hedge fund ...

Setups are bunk?

Genius work. I studied this a long time back and couldn't better predicting vols any better than using simple historical averages but that may be my maths skills to blame. But two things came out of it that are still useful today - firstly that - ...

Using FX Options IV as indicator

To any traders looking to actually trade full time that feel their brains slipping out their ears reading some of the 'wot i reckons' on FF, this is an excellent primer url

Setups are bunk?

So the y axis is showing potential negative values and you're trying to figure out if it'll ever happen right? It never has, it theoretically never should but it is possible. It would require a total currency collapse, a complete absence of ...

TRY/JPY - Anyone?

agh, thought so. I use Refinitiv/Eikon, and they've upgraded their charts (worst in the world) with a white label of Tradingview. A ton better but you still can't import csv data so still lacking. I live in hope! thanks for the updates

How to create an STP Broker

Got it, all makes sense thanks Lazar. From a personal perspective, I've already had run ins with AML, without any serious underlying AML problems! Can totally see that getting worse over time. But the calls from shonky new brokers have dried up, so ...

How to create an STP Broker

ha, I bet it was! Slightly off topic - have you - or AlgerianGuy got any sense of how the industry is changing right now, either institutionally or from a retail perspective?

How to create an STP Broker

theoretically all the white label currenex partners should be able to do this but they come and go so fast I wouldn't touch them with a barge pole. I don't recognise a single name from their list from when I last looked a few years back. The one I ...

Adding Liquidity - Which Brokers Allow This?

Every now and then this place totally blindsides me when you see real quality posts. Fascinating stuff. I knew Cysec was cheaper but it's still eye-watering considering they're so lax in regulation. Lazar did you actually set one up or were you ...

How to create an STP Broker

With no disrespect to the invisible army of traders who work their socks off and post very little... I have to say you're one of the most diligent and thorough guys around here and for that alone I hope you end up storming it and discovering ...

Clemmo's Trading Odyssey

I know right, I can barely tie my own shoelaces. As coincidence would have it, a large order was blown apart at ... 8820. And there was always a chance it was you. Remote. But possible. I like to give people the benefit of the doubt. But it wasn't ...

Everyone I want you to look at this

Us retail fuckwits eh, I know, I know. my advice is concentrate on the $470m ucad calendar spread that held up price to 8820 on nzdcad till the cut on that Friday that would have told you your position is toast. enjoy your weekend

Everyone I want you to look at this

Which bit? Trading synthetics, size or risk warehousing?

Everyone I want you to look at this

Are you telling us you legged in a few yards and caused the UCAD calendar strike for 48hrs?

Everyone I want you to look at this

Absolutely right. ‘What works for me may not work for you’=I haven’t measured it ’This works well but it needs confirmation with x/y/z’=I haven’t measured it ‘It gives a lot of signals but you need to filter them’=I have measured it and it was as ...

The brutal truth of day trading

Hi Simz, DTCC is a different ballpark to tick volume or futures data. If tick data is a shadow's shadow, futures are a shadow and proper tier1 option data is the real deal (even though it's options) because of how options are used by t1 to warehouse ...

The brutal truth of day trading

Simz, it is available - I've been using it for nearly a decade. Check out DTCC. Covers around 60% of fx option turnover since Dodd Frank - basically every option worldwide that involves the $. They used to publish it for open access but whether or ...

The brutal truth of day trading

Ah yes... mostly yes. But this only applies to temporal edges. They come and go, they make a lot of people money in the short term, but if you're not in charge of them (fixing the fix, NFP manipulation, Frankfurt reversals, HFT strategies, even ...

Crisis periods in trading or when to expect losses?