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  • #10,961
  • Sep 22, 2022 2:29am Sep 22, 2022 2:29am
Quoting CableJ
anybody ride the u30 rollercoaster today? 3 >450 point swings after release.

My retirement fund got run over by it, does that count?
  • #10,962
  • Sep 22, 2022 3:45am Sep 22, 2022 3:45am
Japan intervenes in currency market amid yen's fall: official
September 22, 2022 (Mainichi Japan)

TOKYO (Kyodo) -- Japan on Thursday stepped into the currency market amid the yen's abrupt fall, a senior Finance Ministry official said, in its first such intervention since 1998.

The yen-buying, dollar-selling operation was conducted after Japanese authorities said all options were on the table in their response to the yen's rapid depreciation to levels unseen over the past 24 years.
  • #10,963
  • Sep 22, 2022 8:45am Sep 22, 2022 8:45am
Quoting TrAndy1
Japan intervenes in currency market amid yen's fall: official September 22, 2022 (Mainichi Japan) TOKYO (Kyodo) -- Japan on Thursday stepped into the currency market amid the yen's abrupt fall, a senior Finance Ministry official said, in its first such intervention since 1998. The yen-buying, dollar-selling operation was conducted after Japanese authorities said all options were on the table in their response to the yen's rapid depreciation to levels unseen over the past 24 years.
Typically an intervention move is ~3%, so low of 140.35 could be already reached here. Usually it is good point to look for reversals and going long USDJPY from here. One could have some Takeprofits to secure than gains. Those intervention moves are mostly shortlasted. There is usually kind of reversal then taking place. Watch out.
  • #10,964
  • Sep 22, 2022 9:39am Sep 22, 2022 9:39am
Nice discussion on last few pages about technical as well as other conditions on CFD / prop markets.
Frankly, I've been struggling a long time with CFD markets. Apart from the fact, that some brokers and prop firms have insane spreads and commissions (which is not taken into the account in that magical formula engineered by Trandy1, if I'm not mistaken). I could not find real alpha on that markets. So, went over Futures. I do not know, it's perhaps just me who does not feel comfortable with Metatrader, but having the whole order flow, market profile, VWAP etc. under my fingertips changed my trading completely. I'm feeling much more confident, and the trades I'm opening do finally make sense to me. Furthermore, I've started evaluation with Apex. Yes, it's illogical from the math. perspective, because they charge monthly fees and I also must pay to Sierra for the platform. But as I said, that platform and price feed pushed up my confidence and trading psychology by several levels.

I'll possibly try to do eval. with some CFD props. later as I see an option in watching the futures data but trading in MT4/5, but for now, I'm happy I left that Metatrader waters.

I really admire everybody, who can read and make decisions just from the raw price itself, I think that having that capability would save me a lot of money, but it is what it is. I can handle it.
  • #10,965
  • Sep 22, 2022 9:48am Sep 22, 2022 9:48am
Quoting mcquak
Nice discussion on last few pages about technical as well as other conditions on CFD / prop markets. Frankly, I've been struggling a long time with CFD markets. Apart from the fact, that some brokers and prop firms have insane spreads and commissions (which is not taken into the account in that magical formula engineered by Trandy1, if I'm not mistaken). I could not find real alpha on that markets. So, went over Futures. I do not know, it's perhaps just me who does not feel comfortable with Metatrader, but having the whole order flow, market profile,...

I have traded treasuries as a prop trader. It all is about your perspective. I used to use CQG and loved it, but retailers hated it. Tape reading isn't really worth anything in FX but for share based trading or bonds it holds water. You could trade dow minis or spy tape reading but now even doing that is difficult because of the amount of algo flow. If you feel more comfortable maybe its great for you because you feel more comfortable. It could even make you a greater trader but it really depends on the person.
  • #10,966
  • Sep 22, 2022 9:55am Sep 22, 2022 9:55am
Quoting Takisd
{quote} I have traded treasuries as a prop trader. It all is about your perspective. I used to use CQG and loved it, but retailers hated it. Tape reading isn't really worth anything in FX but for share based trading or bonds it holds water. You could trade dow minis or spy tape reading but now even doing that is difficult because of the amount of algo flow. If you feel more comfortable maybe its great for you because you feel more comfortable. It could even make you a greater trader but it really depends on the person.
Yes I agree. I know here is a lot of successful CFD traders, but it might be my personality, or psychology, that made me struggling. I'm trading MCL, and would like to try MES. Apex offers a Rhithmic feed, and it appears to be fine so far.
Let's see where this endeavor of mine ends
  • #10,967
  • Sep 22, 2022 10:52am Sep 22, 2022 10:52am
FYI
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  • #10,968
  • Sep 22, 2022 11:04am Sep 22, 2022 11:04am
Quoting Takisd
{quote} I have traded treasuries as a prop trader. It all is about your perspective. I used to use CQG and loved it, but retailers hated it. Tape reading isn't really worth anything in FX but for share based trading or bonds it holds water. You could trade dow minis or spy tape reading but now even doing that is difficult because of the amount of algo flow. If you feel more comfortable maybe its great for you because you feel more comfortable. It could even make you a greater trader but it really depends on the person.
which proprietary firm did you trade bonds? I like to trade bonds but the only proprietary firm I know is apex which charges monthly fees and ftmo whose bond spreads are high
  • #10,969
  • Edited 11:52am Sep 22, 2022 11:11am | Edited 11:52am
Quoting odines
{quote} which proprietary firm did you trade bonds? I like to trade bonds but the only proprietary firm I know is apex which charges monthly fees and ftmo whose bond spreads are high
Yes, I was also thinking trading bonds with FTMO or Lux, but it's impossible due to the spread. But they have both reasonable spread an commissions on Crude Oil which I trade.
I know you have not asked me, but here are 2 firms I know having one-time fee: Gauntlet program by Earnn2Trade and TheTradingPit who charge one time fee. To be honest, the latter I found just today, so I do not have any reference on them, Earn2Trade is well known and proofed if I can say so.

The Gauntlet | Trade Your Own Way | Receive an Offer | Become a Professional Trader (earn2trade.com)
Futures | TheTradingPit

Update: I crawled TheTradingPit and they allow trading EUREX as well! Huge advantage for Europe trader who wants to trade Ldn/Frankfurt session and european products. I do not know of any other futures prop. firm offering this.
  • #10,970
  • Sep 22, 2022 11:15am Sep 22, 2022 11:15am
Quoting odines
{quote} which proprietary firm did you trade bonds? I like to trade bonds but the only proprietary firm I know is apex which charges monthly fees and ftmo whose bond spreads are high
Many years ago, Propex.
  • #10,971
  • Sep 22, 2022 4:11pm Sep 22, 2022 4:11pm
Quoting TrAndy1
FYI https://www.youtube.com/watch?v=Axg87zKdaKE
Core Capital looks OK but any payout proofs?

They are not on list on Page 1
  • #10,972
  • Sep 22, 2022 4:12pm Sep 22, 2022 4:12pm
How much do the best prop traders make?
A prop trader makes between $42,373 and $793,331, depending on their skills and experience. The median salary for prop traders is $203,679. Middle 57% earn between $203,679 and $400,084. The top 86% make $793,331. A beginner prop trader can do much less at the evaluation stages.

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  • #10,973
  • Edited 4:45pm Sep 22, 2022 4:25pm | Edited 4:45pm
Quoting Bizziebee
{quote} Core Capital looks OK but any payout proofs? They are not on list on Page 1
Payout proof found here. The score for the 250k challenge is 4.5, which is good. They also have 1 step challenge but 180 days time to achieve the profit target. .
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  • #10,974
  • Sep 23, 2022 6:09am Sep 23, 2022 6:09am
Quoting TrAndy1
{quote} Payout proof found here. The score for the 250k challenge is 4.5, which is good. They also have 1 step challenge but 180 days time to achieve the profit target. .https://www.youtube.com/watch?v=MXEzXXfw2xk

Oh thank you. Yes their spreads look very good. Is there any discount code?
  • #10,975
  • Sep 23, 2022 6:51am Sep 23, 2022 6:51am
Quoting Bizziebee
{quote} Oh thank you. Yes their spreads look very good. Is there any discount code?
Not one I am aware of, sorry.
  • #10,976
  • Sep 23, 2022 7:26am Sep 23, 2022 7:26am
Today after I withdraw it is my 3rd scale up on one of my MFF eval accounts. I am not increasing my position size on any of my accounts anymore preferring to just accumlate more at other companies than to increase my risk.

I think now its coasty and I dont have to trade much a month to make a living from this.
  • #10,977
  • Sep 23, 2022 10:18am Sep 23, 2022 10:18am
So my seasonal USD long idea this week was profitable, I caught some good trades here with huge selloff recently. I just passed Phase 2 on my 50k account at TFF btw.
  • #10,978
  • Sep 23, 2022 12:22pm Sep 23, 2022 12:22pm
Quoting mcquak
{quote} The SierraChart is what I consider as the best platform. No flame please though.
One alternative with free version is Zorro. I found it alot easier to create strategies and backtest especially compare to MT4/MT5
- X -
  • #10,979
  • Sep 24, 2022 6:17am Sep 24, 2022 6:17am
FYI
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  • #10,980
  • Sep 24, 2022 7:02am Sep 24, 2022 7:02am
FYI
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