TechQuant - Forex Trading

TechQuant

Well-known member
264 52
Not sure if this is going to work as I'm going to be trading first THEN posting the trade I've just made. If I'm sticking a few on then there will be potentially an appreciable number of minutes between the data I'm reporting to you and the time I report it on here. I've got no axe to grind nor anything to prove so if anyone feels any of my calls are outlandish or unlikely, feel free to say so as a heads-up to others and then leave it at that. I'm not a fan of handbags at dawn so you'll get no push back from me. All my calls are for informational purposes only and a record of what I'm actually doing on my trading platform.
 

timsk

Legendary member
7,344 2,136
Not sure if this is going to work as I'm going to be trading first THEN posting the trade I've just made.
Hi TQ,
Welcome to T2W.

What's of interest and value to members is the rationale behind a trade. Whilst it's desirable to offer as much detail as possible, some traders are reluctant to disclose their methodology in its entirety. That's understandable, and it's not essential, so long as members have a broad idea of what you're trying to do and roughly how you plan to do it. If you're able to offer that, then posting trades after the event shouldn't be an issue.

Where problems tend to arise is when a new member posts hindsight trades without any kind of explanation and says 'hey, look at me - aren't I clever'. Often as not, this is accompanied by 'PM me for details'. If you do that, you can expect the T2W reception committee to be less than welcoming and to feel the firm hand of a Moderator striking your posterior!
;)

One other thing - a little detail about your background for those who missed your debut post on the 'Introduce Yourself' thread wouldn't go amiss. I look forward to your contributions.
Tim.
 

TechQuant

Well-known member
264 52
Hi TQ,
Welcome to T2W.

What's of interest and value to members is the rationale behind a trade. Whilst it's desirable to offer as much detail as possible, some traders are reluctant to disclose their methodology in its entirety. That's understandable, and it's not essential, so long as members have a broad idea of what you're trying to do and roughly how you plan to do it. If you're able to offer that, then posting trades after the event shouldn't be an issue.

Where problems tend to arise is when a new member posts hindsight trades without any kind of explanation and says 'hey, look at me - aren't I clever'. Often as not, this is accompanied by 'PM me for details'. If you do that, you can expect the T2W reception committee to be less than welcoming and to feel the firm hand of a Moderator striking your posterior!
;)

One other thing - a little detail about your background for those who missed your debut post on the 'Introduce Yourself' thread wouldn't go amiss. I look forward to your contributions.
Tim.
Thank you for your efforts in bringing a new guy up to speed. I understand completely. Especially the bits between the lines.

They won't be hindsight timsk, and there shouldn't be any major deviation most of the time. But if it's a choice between getting a stack of trades on and diligently reporting each one in real-time, at the time, t2w will take 2nd place. In which case, I'll simply not post them here and only post those for which there can be little to no cause for complaint.

I just know at 'busy' times, they can come thick and fast. I won't plan on adding to my trading effort by posting here on those occasions. That serves us all well.

As for my methods it's based on momentum and trend. I'll get into the detail as required but basically whenever the price shows its head above the noise and that movement continues into the next bar, I'll be looking to take a position.

For instance, take nzdjpy. Not the time of day to be taking a trade in this pair but by way of example I just have. nzdjpy bot 91.60 stop 91.45
 

TechQuant

Well-known member
264 52
Intro & Background - at timsk's request

Hello. I'm an ex-quant who exited the global institutional space to play the game in my own way on a retail basis. The perks aren't anywhere near as good (non-existent in fact), but I do get the freedom to choose how and what and when I want to make a play. There’s very little quant in what I do today, it’s more common-sense than anything else. I’m sure luck plays a part but there’s no way to qualitatively assess this aspect so I just leave it alone and hope whatever it is, if it is, carries on.

I focus primarily, almost exclusively, on the forex markets and stick with the majors. I trade the shorter timeframes (sub-hourly) and am normally in & out the same day. I won’t bore you with my performance data as this is the internet and everyone’s a winner. But suffice to say I now pull more profit off the table than I was getting as salary and bonus with the firm.

I’ll start a thread with some live calls so you can play along or throw bricks or whatever happens here and we’ll take it from there.
 

TechQuant

Well-known member
264 52
nzd data just came it rather bearish, but even with an overnight spread to contend with, my nzdjpy trade is still hanging on. Just. My point being that, even if this trade tanks, it can still even at this time of day stand a test, or two, providing momentum and intent is bullish.
 

Forexmospherian

Legendary member
39,928 3,300
Hello. I'm an ex-quant who exited the global institutional space to play the game in my own way on a retail basis. The perks aren't anywhere near as good (non-existent in fact), but I do get the freedom to choose how and what and when I want to make a play. There’s very little quant in what I do today, it’s more common-sense than anything else. I’m sure luck plays a part but there’s no way to qualitatively assess this aspect so I just leave it alone and hope whatever it is, if it is, carries on.

I focus primarily, almost exclusively, on the forex markets and stick with the majors. I trade the shorter timeframes (sub-hourly) and am normally in & out the same day. I won’t bore you with my performance data as this is the internet and everyone’s a winner. But suffice to say I now pull more profit off the table than I was getting as salary and bonus with the firm.

I’ll start a thread with some live calls so you can play along or throw bricks or whatever happens here and we’ll take it from there.


Hi Tech Quant

I wish you well with your new thread and can see you should know what you are doing.

I am sure we may end up checking out each others views in the future - as I am pure Intraday short term FX trader as well.

Good Luck and Good Trading and look forward to your contributions

(y)

Regards


F
 
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TechQuant

Well-known member
264 52
Back to the real world where losing trades happen and nzdjpy stop has been hit. I couldn't be happier.
 

TechQuant

Well-known member
264 52
- selling half at 3698. stop to 3687 on remainder.
 

TechQuant

Well-known member
264 52
- aud/usd sold to cover at 7886 for +6 on 12 risk.

- durable goods in 3 minutes will whack the spreads.
 
 
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