Quit Yen buy, looks like momentum dryed out.Now looking for reversal, already got a sell stop, and if it happens, every other trade that i`m in will also take profit Big boys could very well sell the USD today

Hedge like a madman...

Of course, it is usualy business.Thats why i have a long on USD/JPY till 102, and a sell stop lower, just wait to see how the price will reverse after it hits 102 It will be a perfect hedge.

Do you believe this market is random?

Bought the Yen again for a quick scalp to 102.Also i think it will crash so i have a sell stop lower, if the buy order was a mistake, i will exit it, and the sell order will compensate for the loss + profit

Hedge like a madman...

It is going down, moved lower my buy limit, i`m afraid it could crash to 101.5 again.

USD/JPY Discussion

Exactly the market isnt random, because you have a dealing desk.The mere fact that you cant get executed at any price makes it non-random.Because anything under the spread cant be filled, and there is a minimum spread of atleast 0.1 pip at any ...

Do you believe this market is random?

I wish someone would bail me out if i get forced liquidation.I would martingale all day like a madman

Do you believe this market is random?

Yen hedge closed, the second part will be hit with TP also with the EUR/CHF and other € pairs.It looks like an EUR appreciation for me, nevertheless i`ll leave the position with takeprofit for the night, hopefully collect some swaps on AUD & NZD ...

Hedge like a madman...

Hey i`m just explaining how the market works, i`m not revealing you the holy grail lol Yeah, but there is always a slight chance of thing going very very wrong, and then bankruptcy can happen.Because if they hedge like they do, if the general ...

Do you believe this market is random?

They dont need to activate the order, because the MM will do that for them, but they need to take profit, otherwise the MM will be only at BE, but they also hope to make a little profit here and there + comission, but never lose.The fact that price ...

Do you believe this market is random?

Sorry MM are market makers, usually big banks which dont specifically trade for profit, but serve their clients and charge them comissions. Omg its not, i buy GBP and sell USD and also buy USD and sell JPY so GBP/USD -> USD/JPY, now i also buy and ...

Do you believe this market is random?

No markets ever close.Its just your broker that doesnt let you trade.So if i go to a quick holiday to Switzerland in the weekend they dont let me exchange my 10 mil € pocket money to CHF in the weekend? I dont think so

Do you believe this market is random?

Not unlimited, because if poor people work for small wages and the big company's shares is going up then the liquidity of the market comes from the wage deficit of the worker.So that 1000 poor guys work at a factory, the factory's shares go up, but ...

Do you believe this market is random?

This does not extend only to the FX, after the market makers run out of Pairs in FX they can go to other markets, there are plenty of them.Then wont run our of liqduity, if they do this in bond markets, then the government will pay the deficit, in ...

Do you believe this market is random?

I dont think, because you have the margin requirement, which keeps the trade open.So is more dynamic, the order is activated when you get filled it, but the transaction is not complete until you close it.Now if you close it, the other guy on the end ...

Do you believe this market is random?

Yup.Already in trade for 3 hours.

USD/JPY Discussion

You cant hedge on the same pair because there is no more liquidity, there is only the Prop guy and the MM, and some poor retailers (now i dont mean only 1 of them, but usually the same sum of money at prop guys and MM at disposition and some extra ...

Do you believe this market is random?

i dont mean hedging on the same pair but hedging across the market, for example i buyed the USD/JPY and also the GBP/USD, now both are against eachother, so they cant go up both, but i will soon close the USD/JPY, and then probably the USD/JPY will ...

Eitan's Project

Ok maybe in that example it didnt worked, but in the market there is no transaction until it is closed on atleast 1 end. So obviously the client must close his position, because the market maker cant close it for him because thats illegal. So if ...

Do you believe this market is random?

Ok let me explain it simple. I have an apple and you have 1$ to buy it. I am the market maker for the apple and you are my customer. Now you want to buy my apple and i get 1$ for that.We are exchanging the apple, now i cant take your 1$ before ...

Do you believe this market is random?

Dont worry the -5% DD wont last long, i`m anticipating the EUR/CHF to turn around and finally to exit the long position.After that the risk will be minimal and hedge like usual 0.06 lots at tops / side diversified in any instruments with low spread ...

Hedge like a madman...