Recent content by Songoku

Really?? The sun on those screens would drive you nuts!

Ha, nice! Friend on a bank desk said their guys are allowed 4 screens a year before they make them start paying for them!

No, I'm at Pyne Trading. Any other pics guys? Come on, I showed you mine! :o

Pic of the trading floor at work. Be interested to see pics of any others where you guys are at?

Hi guys, Trading in London still. Looking for leads on any prop shops or organised groups of traders in the rest of the UK though. Preferably with a proper set up - leased lines, shared news feeds, some kind of clearing arrangement. Thanks.

For starters, 'price action' is a much misused term. There is no other way to observe price action than by actually watching orders go through the market, and by also being able to see the depth of limit orders waiting away from the current market price. Then there is the need to actually sit...

We've got a guy out in Singapore trading Eurex products, but it's quicker for him to use a VPN back to our clearer in the UK than go through the local hub. Not as speedy as it might be here but seems to work fast enough if you're not a pure jobber. What outfits can you go through in HK?

If trading success got me a hot surfing babe then I'd say it was a worthwhile career move! She'd need to have a good personality as well though... As I understand it less than 1% of applicants get accepted to be trained and backed by the elite prop houses such as Futex. Trading is a difficult...

You need to balance both legs of the spread in terms of volatility (i.e which moves more) and take into account differences in currency if that is an issue (i.e. German Bund against UK Gilt ratio is currently 7:5). Spreading can be just as risky as outright trading in some respects, although...

Some places ask you to pay them for the training programme. A lot of people recommend having enough put aside to support yourself for a year before jumping into prop trading at an Arcade. At the end, what products do you have access to and is there a house method? What are the profit splits...

I think Saxon and Refco may have offices out there so you could try a search on them. Heard also something about many futures products out in Asia being lumped together on the SGX, Singapore Exchange, and that there may be prop facilities attached to the actual exchange. Sorry not to have any...

Yep, learnt not to average early on. When it gets you it really does get you on the Gilt! Memories of it shooting through you and filling multiple orders on the way too!

Would agree with that! I follow but don't trade the bund and guess that although it can really move, there is enough liquidity to get out on. Was initially trading it in a responsive manner by buying on support (and v.v.) but after getting caught by blips once too often am thinking a breakout...

that sounds specific and technical so I'm going to go with that! Guesstimating the time from when it changes on my TT screen. Are you all trading gilts at the moment? Have been on them for about 4 months myself and am having an 'interesting' time of it!

All bids must be submitted by 10.30am at latest. Results then announced before 11am, generally around the 10.45/10.50 time