Forex Cryptocurrency General Chit Chat Thread 2019

[Shiny Things]

Whoa !!!....Earth positioning might have shifted yet again.....big drawdown now...depending on which calculations you would use the account drawdown is ranged from 0.1% to 6%

The earth hasn't shifted, mate. You were just the wrong way around: short EUR puts when spot fell out of bed. That happened because people decided that they wanted to sell EUR and buy USD. Nothing to do with sextants, or with the location of the earth; it was people. You traded futures in the pit. You know this.

This is what we all told you would happen when we explained your strategy is not "100% win 100% of the time". We've been trying to help you this whole time.

There's a very real chance that EUR keeps going lower, and your losses are going to accelerate if it does. So: do you have a stop loss level? When are you going to cut your position and take your losses? (Please tell me you're not going to dial up your position sizes to try to catch up.)

 

[Trader11]

The earth hasn't shifted, mate. You were just the wrong way around: short EUR puts when spot fell out of bed. That happened because people decided that they wanted to sell EUR and buy USD. Nothing to do with sextants, or with the location of the earth; it was people. You traded futures in the pit. You know this.

This is what we all told you would happen when we explained your strategy is not "100% win 100% of the time". We've been trying to help you this whole time.

There's a very real chance that EUR keeps going lower, and your losses are going to accelerate if it does. So: do you have a stop loss level? When are you going to cut your position and take your losses? (Please tell me you're not going to dial up your position sizes to try to catch up.)

Hi ShinyThing, does retail traders have any chance in options trading?

 

[revhappy]

Whoa !!!....Earth positioning might have shifted yet again.....big drawdown now...depending on which calculations you would use the account drawdown is ranged from 0.1% to 6%

Using worse case calculation of 6% it is still not in uncomfortable situation.

Wait another 2 days for Earth position to see if it will stabilize. There could be a strong Magnetic Storm in process.

SEXTANT Power dei !!!!

@zerohedge

After today's stop crushing USDJPY flash smash, it's now time for the traditional long holiday flash crash

 

[Shiny Things]

Hi ShinyThing, does retail traders have any chance in options trading?

Not really, no.

As a retail trader chucking it around in FX options, you have absolutely no edge over the big institutions: you have no customer flow to subsidise you; you're not big enough to actually move the market yourself; and FX markets are so big, so liquid, and so well-researched that you almost certainly can't create any sort of informational edge for yourself.

At best you're banking on being lucky.

 

[Shiny Things]

Hahahaha...oh boy you are really super stupid.

Just to be clear: do you understand that if EUR goes down by much more, about 3-4 big figures, you're going to lose all your money?

 

[atf0007]

Just to be clear: do you understand that if EUR goes down by much more, about 3-4 big figures, you're going to lose all your money?

No lah, he will not lose his monies. Just roll the losing position like wat he has been doing loh…. push the date out, increase notional..... zero the delta... of course that increases his liabilities but he has magic sextant wat.... that sextant so power - can control the earth vibration who...


but guess wat...


The earth is under no obligation to vibrate after you adjust with your sextant nor does it have any obligation to shake the currency market after you adjust. That is a natural Law that exists in the markets.

 

[atf0007]

Dun say neber warn hor....


https://www.moneysense.gov.sg/articles/2018/10/how-to-spot-an-investment-scam


Believe those who claim 100% win rate by trading with sextant at your own peril.

 

[Trader11]

Not really, no.

As a retail trader chucking it around in FX options, you have absolutely no edge over the big institutions: you have no customer flow to subsidise you; you're not big enough to actually move the market yourself; and FX markets are so big, so liquid, and so well-researched that you almost certainly can't create any sort of informational edge for yourself.

At best you're banking on being lucky.

So that is the reason why you advise everyone to use dca method to buy ETFs and bonds? Because alternative is that they will keep losing?

 

[Shiny Things]

It can go down 20 big figures and nothing will happen...that is the difference between you and me.

If EUR goes down 20 big figures, your positions will have hundreds of thousands of dollars of negative PnL. How are you planning to prevent Saxo from automatically stopping you out and taking all your money if that happens?

 

[Shiny Things]

So that is the reason why you advise everyone to use dca method to buy ETFs and bonds? Because alternative is that they will keep losing?

Honestly - yeah, basically!

Most people are below-average traders; that's why bank flow desks and high-frequency-market-makers make so much money, because they're on the other side from millions of below-average traders.

Even highly-paid fund managers who run expensive unit trusts don't tend to be above average. They might outperform before fees for a year or two; but after fees, and over long periods of time, unit trusts almost always do worse than a simple buy-the-index strategy.

 

[Shiny Things]

It is quite obvious you have no knowledge whatsoever on how options, options pricing and options margining works.

I spent ten years as a quant and a trader on FX options desks in Australia and Singapore. After that, I spent four years as the product manager for FX options at the second-largest vendor of trading software in the world. I was in charge of designing and building FX options pricing and risk management tools that are used by market-makers, hedge funds, risk managers, and clearing-houses.

FX options, options pricing, and options margining were literally my job for fourteen years of my life. You can find my LinkedIn page with a few seconds of googling if you want to see more.

I know FX options. I am trying to help you. You are not making it easy.

----

Now back to my original question.

You are currently short a little less than 400k EUR of ATM-ish (some even in-the-money after this move) puts on EUR and EURJPY. If EUR goes down 20 big figures, your positions will have close to a hundred thousand dollars of negative PnL.

How are you planning to prevent Saxo from automatically stopping you out and taking all your money if that happens?

 

[revhappy]

SEXTANT Power ah dei !!!

100% wins 100% of the time.

Sun Flares report and Magnetic storm confirmed.

Core vibrations affected, this could last up to a week.

We sit and wait....drink coffee

 

[atf0007]

Dun say neber warn hor....


https://www.moneysense.gov.sg/articles/2018/10/how-to-spot-an-investment-scam


Believe those who claim 100% win rate by trading with sextant at your own peril.

Wow...you spent all this time and still have so little knowledge??...No wonder you got kicked out.


It is amazing is it not??...I can hold all these positions on only $5000 and insulated from all these big 20 big figure moves....I must be a genius !!!
400k and that is just on EUR....oh my !!!

and oh yeah....about Saxo taking all my money??...that is never going to happen...if you are as good as you claim you can see that as clear as day...the fact that you cannot see it at all tells me all I need to know about your level of options expertise.

See loh - still deflect the question leh. People of no substance cannot answer simple question wan.... then turn around and dismiss it. So plain for all to see lah - make loss on one leg, just roll over, extend the maturity, adjust the strike, zero the delta etc.... cheap trick but serve no purpose when the underlying spot moves 20 big fig. That is call power of the sextant ah?

Monkey intention very clear - try to tout 100%win strategy to get business. Run monkey show that's why up to now cannot show strike, cannot explain position management etc... see my link on investment scams... those who want to engage better check his license, his explanation of the strategy... all licensed by MAS got license number which you can check with MAS to verify wan. See where your supporters? Those who call you idol all keeping quiet liaoz.

 

[atf0007]

Yeah...watch how I make the money that you lose to the market....it has to go somewhere, might as well flow into my pocket

Hahaha. Delusional again. People dun trade fx and u wan to make money off him? Everytime open mouth no use brain.... Only need to retort back for sake of face..... Mr zero really full of zeroes.

 

[blurinvestor]

The secret of Gann's "concept of time", "vibration", "aligning of the stars" are all printed on the chart.

He knew that gazing at the sky he can see the Big Bang expansion, thus the concept of vibration. He used the concept and vocabulary of astronomy not astrology to pen his writing.

He was not gazing at the sky to look for alignment of the stars BUT at his diary - the notation he painstakingly recorded of where price had traveled and when price aligned. Staring at it and studying it he saw the light.

"concept of time"

"aligning of the stars"

Nothing new under the sky, but don't look at the sky to predict your trade.
Nothing new under the sky as Gann looked through his notation, I can do the same and with ease.

 

[atf0007]

The secret of Gann's "concept of time", "vibration", "aligning of the stars" are all printed on the chart.

He knew that gazing at the sky he can see the Big Bang expansion, thus the concept of vibration. He used the concept and vocabulary of astronomy not astrology to pen his writing.

He was not gazing at the sky to look for alignment of the stars BUT at his diary - the notation he painstakingly recorded of where price had traveled and when price aligned. Staring at it and studying it he saw the light.

"concept of time"

"aligning of the stars"

Nothing new under the sky, but don't look at the sky to predict your trade.
Nothing new under the sky as Gann looked through his notation, I can do the same and with ease.

ha ha okokok… I give due respect to Gan lah. He got track record but I dun believe he sell naked strangles leh…. so u can trade using gan methodology but to sell naked options is another matter altogether.... so looks like some idiot monkey try to act smart but end up looking stoopid. what's new?

 

[Shiny Things]

100% wins 100% of the time.

You just lost 6% of your portfolio value in a couple of days.

Sun Flares report and Magnetic storm confirmed.

This is wrong. You've moved on from getting option math wrong to getting astronomy wrong.

The sun is near its solar minimum - that is, it's quiet - and has been since mid-2016. There haven't been any notable solar flares for days.

Where did you hear that there were solar flares?

It is amazing is it not??...I can hold all these positions on only $5000 and insulated from all these big 20 big figure moves....I must be a genius !!!

EUR hasn't moved more than a couple of big figures in either direction since you started posting; there have been no 20-big-figure moves, so it's not clear to me what you're talking about.

For that matter, the average monthly range in EUR over the last ten years has been about 5%, which would be more than enough to wipe out your account if it happened again today. You're betting that volatility in EUR, JPY, and EURJPY won't even go back to its long-term average.

This is the same bet that XIV investors were making all through 2017, and look what happened to them in early 2018.

and oh yeah....about Saxo taking all my money??...that is never going to happen...

Yes it will. Your account value is about $14,000, down from $15,000; if you keep losing money, Saxo will forcibly close your position to protect themselves. They won't give you a choice in the matter. Do you understand this?

 

[DukeCS33]

Shiny, you will not get the answers that you want nor any explanations that suits. So far, VB has not answered any questions pertaining to option maths and from the bits and pieces of information, he may not know either. Likewise, others may not know about his use of astronomy to trade. To each his own as its his or her monies. However to the extent that you fear others get lured into thinking that his methods is indeed a 100% win, there are enough people disagreeing with his methods and raising enough points, for which he has not countered or rebutted. So readers have been warned about the differences in opinions.
I guess for people seeking his services, then he or she needs to take adequate steps to protect his or her investments and if they chose to proceed, then that's their right.
Just wait for vols to spike then we can see how the losing positions get managed. Losses will show up or the losing legs get restructured. Either way, it will show - lets then revisit this claim about a 100% win rate.

 

[atf0007]

In about a week the effects of the Magnetic Storm would have died down and we should see some awesome profits and great increase in account value.

In 2 weeks if we are lucky enough we will see a spike and then explosive growth in the account. If no spike also will have impressive growth...it will make your jaw drop.

What this mean ah?

So this 2 weeks are you going to adjust again? Sell more options or roll over to collect premiums and increasing your liabilities?

 

[atf0007]

Yes...Massively...keep watching

cheh so what is so impressive then? Sell more options then you collect premium loh. But liabilities increase. Machiam like insurance company sell insurance collect premium then when kena claimed agst, lose money.

Monkey show again.