Cash FX

[trader_dante]

Hi Trader_Dante,
I just asked my mate who works at JPMorgan to look at your trading style.
He told me he would rather cut his own ears off and wear them as a necklace.

You probably shouldn't have bothered asking him.

Investment banking revenues were down 34% at JP Morgan in the 4th Quarter.

Infact its fixed income business clocked a 45% decline.

You should probably point your friend over to my MMT thread.

 

[barryb]

Hi Trader_Dante,
I just asked my mate who works at JPMorgan to look at your trading style.
He told me he would rather cut his own ears off and wear them as a necklace.

I think I better go elsewhere for my education.
Best of luck.

 

[pelzar]

Hi Trader_Dante,
I just asked my mate who works at JPMorgan to look at your trading style.
He told me he would rather cut his own ears off and wear them as a necklace.

I think I better go elsewhere for my education.
Best of luck.

If your 'mate' is so knowledgeable why doest he help you out?

 

[trader_dante]

If your 'mate' is so knowledgeable why doest he help you out?

Isn't it obvious?

 

[trader_dante]

And to you Pelzar I apologise for having stolen your joke.

You know which one.

But let's keep that just between us.

 

[DionysusToast]

Have you considered upping the stakes by perhaps drawing cash on your credit cards or taking out a loan ?

I find the idea of 100% in the trade a bit limiting personally.

Real men give 200%.

 

[GladiatorX]

Have you considered upping the stakes by perhaps drawing cash on your credit cards or taking out a loan ?

I find the idea of 100% in the trade a bit limiting personally.

Real men give 200%.

Well Dionysus; Have you ever traded forex without leverage ?

I have; they have the volatility of a 1-month treasury bill.

In fact; within a year; i'd nearly beaten US interest rates on my net profit.

The irony of what you said is that practically everyone on this website (as they all trade FX) trades well above 100% of their account risk, with such high margins and leverage.

Shorting too; margin, which i bet you do; ofcourse maybe you position size, but your still risking more than 100% of your account.

 

[GladiatorX]

You probably shouldn't have bothered asking him.

Investment banking revenues were down 34% at JP Morgan in the 4th Quarter.

Infact its fixed income business clocked a 45% decline.

You should probably point your friend over to my MMT thread.

You can make fun of JP Morgan employee's all you like;

Just as you can make fun of people who drive Ferrari's, own helicopters and look so stupid in their expensive suits...

It only make ye' look bitter

 

[Black Swan]

Cracking trade.

I'd be very careful of 1.0420 area though.

closed at 10450, getting ready to swing the other way baby...yeah... (thanks btw) :smart:

 

[trader_dante]

I've decided to buy GBP/CAD at 1.6484.

I've never traded or really looked at this pair before but I was scrolling through the charts and after examining it for about half a minute it strikes me as worthy of buying.

This position is still underwater.

I don't have a chart to hand but my orange post-stick note says to be on alert if 1.6395 is given (which it has been)

The uncle point will be the somewhat obvious 1.6318.

Tenbob you probably overstayed your welcome.

 

[DionysusToast]

Well Dionysus; Have you ever traded forex without leverage ?

I have; they have the volatility of a 1-month treasury bill.

In fact; within a year; i'd nearly beaten US interest rates on my net profit.

The irony of what you said is that practically everyone on this website (as they all trade FX) trades well above 100% of their account risk, with such high margins and leverage.

Shorting too; margin, which i bet you do; ofcourse maybe you position size, but your still risking more than 100% of your account.

Let me clarify.

1 - run up the credit cards
2 - re-mortgage the house
3 - set up an account with 1:1000 leverage in Kazhakstan
4 - trade like it's going out of fashion

 

[D70]

Ok, i am changing my rule set.
Thanks so much.

Ps. I am long gbpcad @ 16500, put my whole account on it. Can you please update me on when you take profit.

Hi Trader_Dante,
I took your live call and went long GBPCAD with everything. It is now 200 points offside.
What have you done with your long position? My account is almost blown.
Do you normally just add more funds when you blow your entire account?
Thanks.

 

[trader_dante]

Hi Trader_Dante,
I took your live call and went long GBPCAD with everything. It is now 200 points offside.
What have you done with your long position? My account is almost blown.
Do you normally just add more funds when you blow your entire account?
Thanks.

Almost blown?

You should be bankrupt by now if you had any real balls.

I'm stopped out.

Don't worry. Just find another source of money.

Try any good friends you have.

Go all in on the next trade.

If this fails after a few attempts, buy yourself a revolver and put it to your head.

And always remember:

By doing this, you are rolling with the best.

 

[trader_dante]

For everyone else that trade was a loss of 166 pips.

So...

EUR/USD: +553 pips
GBP/USD: +542 pips
----
+1095 pips
-----

GBP/CAD -166 pips

Total: +929 pips

So 929 pips in the black with a strike rate of 75% and a R:R of 1:3.3

OK, let's not get carried away. What are we - three weeks in?

Next trade.

 

[D70]

Almost blown?

You should be bankrupt by now if you had any real balls.

I'm stopped out.

Don't worry. Just find another source of money.

Try any good friends you have.

Go all in on the next trade.

If this fails after a few attempts, buy yourself a revolver and put it to your head.

And always remember:

By doing this, you are rolling with the best.

Ok, I have just closed your call for about 80% loss to my account.
I have enough left for one more trade, all in i assume?

Altho I am confused by your risk/reward figures, they appear very different to your original post trade numbers??

And please can you explain further why the gbpcad trade failed?
You say you never trade gbpcad (in your list of products), so why take it here? On the "gut instinct"?

Awaiting your next live call.

 

[neil]

Ok, I have just closed your call for about 80% loss to my account.
I have enough left for one more trade, all in i assume?

Altho I am confused by your risk/reward figures, they appear very different to your original post trade numbers??

And please can you explain further why the gbpcad trade failed?
You say you never trade gbpcad (in your list of products), so why take it here? On the "gut instinct"?

Awaiting your next live call.

Don't forget to use your credit card. That might get you a couple of grand or pawn your grannies jewellery but don't forget to redeem it if you make mega bucks. Come on - where's your sense of adventure

 

[montmorencyt2w]

Don't forget to use your credit card. That might get you a couple of grand or pawn your grannies jewellery but don't forget to redeem it if you make mega bucks. Come on - where's your sense of adventure

Not to mention one of your kidneys.
God gave us two for a reason (ask Options).

 

[temporarilylight]

Not to mention one of your kidneys.
God gave us two for a reason (ask Options).

Does Options believe in God??

 

[trader_dante]

Altho I am confused by your risk/reward figures, they appear very different to your original post trade numbers??

You what?

And please can you explain further why the gbpcad trade failed?

Rothschild ran my stops.

You say you never trade gbpcad (in your list of products), so why take it here? On the "gut instinct"?

No, I was trying to show off.

 

[trader_dante]

Does Options believe in God??

Shhhh.

Be quiet and don't distract me.

I'm busy compounding.