GammaJammer
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fave trade was probably the only time I can ever remember being 'fastest finger' over NFP and managed to slot JPM with a fiver in eurusd on the toy just before it dropped like 250 points, then paid it on the turn and caught another figure on the way up (smalls only this time).
Made a months p+l in about 5 minutes that day. Became slightly self defeating when my boss glanced over and asked "why the fk can't you do that normally?" Hey ho.
Dunno about most memorable, but as it's payrolls day today thought I'd share. Plus it's a happy memory, whereas many of my more memorable trades involve me being carried out
Still, everyone loves a war story in FX...
Made a months p+l in about 5 minutes that day. Became slightly self defeating when my boss glanced over and asked "why the fk can't you do that normally?" Hey ho.
Dunno about most memorable, but as it's payrolls day today thought I'd share. Plus it's a happy memory, whereas many of my more memorable trades involve me being carried out
Still, everyone loves a war story in FX...
shadowninja
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Had a long on a gold end of day binary at about 80%. News came out, it plummeted. By the time I'd quit doing my rabbit-caught-in-headlights impression (all of maybe 20 seconds), I was down about £500. Considering I was only looking for about £30 profit, that was quite a painful experience.
bbmac
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I have 3 memorable NFP trades. First was back in spreadbetting days with Deal4free (became cmc) I thought I was clever and placed what seemed like a sensible straddle on Eurusd cash and futures and Usdchf cash and futures. Straddling all 4 instruments with 2 opposing buy/sell orders 50pips from market a few mins before NFP release. What seemed like a simple trade saw my brain turn to trifle as price reacted to NFP triggering one order on each instrument, before it began to whipsaw around. Needless to say I closed out for a loss.
The 2nd was another straddle when I had envisaged 3 reaction scenarios to the release, the worse of the 3 being a 'middling' number, market confusion and whipsawing, needless to say just seconds before the release price whipsawed up to put me in the market, then moved violently down to put me in the other way as well, before settling in the middle for a while, ....I had to sit it out and close the opposing order when price returned to one of the levels, holding the other order open to recover the opposing loss. I eventually came out at B/e net.
The 3rd and the only profitable one of the 3 was when a few minutes before the release the newsfeeds started to trail that the then U.s Treasury Sec John Snow would appear on the business channels after the release and I figured that he was being whelled out to 'talk up' a bad number...this proved to be the case and I went long eurusd seconds before the release for a nice gain.
These days I am more often than not flat ahead of it and will play the first retrace/pullback and re-entery if they set-up well.
The 2nd was another straddle when I had envisaged 3 reaction scenarios to the release, the worse of the 3 being a 'middling' number, market confusion and whipsawing, needless to say just seconds before the release price whipsawed up to put me in the market, then moved violently down to put me in the other way as well, before settling in the middle for a while, ....I had to sit it out and close the opposing order when price returned to one of the levels, holding the other order open to recover the opposing loss. I eventually came out at B/e net.
The 3rd and the only profitable one of the 3 was when a few minutes before the release the newsfeeds started to trail that the then U.s Treasury Sec John Snow would appear on the business channels after the release and I figured that he was being whelled out to 'talk up' a bad number...this proved to be the case and I went long eurusd seconds before the release for a nice gain.
These days I am more often than not flat ahead of it and will play the first retrace/pullback and re-entery if they set-up well.
Masquerade
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I was long cable, we were coming up to fed rates and I had a stop of 10 on. I was breaking even on the trade and it was a few minutes before the data when I didn't feel too great. I saw my trade go into about 9 pips loss and I was holding for rates. At this point my bowels exploded and s.hit went all over my legs and the chair. I couldn't look after my trade - so off I went to the toilet to continue doing my business. Then I went and chucked my clothes in the washing machine to get the stains out, then I hopped in the shower to remove the mess from my legs. 2 hours later I came back and I was in 300 pips in profit
N Rothschild
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most memorable trade would be loosing 30g's on some 30yr note short put options
Masquerade
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arabianights
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my best was to take half a tick on a lot
N Rothschild
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lol i knew that but i was just shocked at the size of the loss
as chopper reid would say, toughen the **** up
Masquerade
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lol i knew that but i was just shocked at the size of the loss
In the world of finance it's nothing. Real world to a lot of people it's a handsome sum but it's all relative.
mb325
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My most memorable trade never actually happened...
I used to mess about with IG's 20min binaries, looking to risk below 10 points if there was a chance price would bounce off S/R in my favour. With 1 min left price was 97-100 and the DOW was +20 odd and approaching a large round number. I really liked the look of the setup (and was feeling overly confident) so was preparing to risk £150 and go £50/point. The split second before I clicked sell the binary stopped trading (think they used to stop trading each individual binary 30 sec before it officially closed).
Needless to say in the last 30 secs the DOW dropped and price closed at 0. Split second sooner and I would have been +£4850 for the day (I was 18 at the time).
I used to mess about with IG's 20min binaries, looking to risk below 10 points if there was a chance price would bounce off S/R in my favour. With 1 min left price was 97-100 and the DOW was +20 odd and approaching a large round number. I really liked the look of the setup (and was feeling overly confident) so was preparing to risk £150 and go £50/point. The split second before I clicked sell the binary stopped trading (think they used to stop trading each individual binary 30 sec before it officially closed).
Needless to say in the last 30 secs the DOW dropped and price closed at 0. Split second sooner and I would have been +£4850 for the day (I was 18 at the time).
damn lol what size was your account ?
B
Black Swan
big win on Wall st daily cash during the 'TARP' days...it was all so mental...
