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Soultrader

Market Wizard
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Posts posted by Soultrader

  1. Posted

    First year of trading, I aimed for a homerun trade over leveraging my size up to 5 times the norm. Didnt take the quick loss as I was out trying to beat the markets with an inflated ego. Lost about 30% on one trade... couldnt get my mind straight after that and eventually blew up another 30% within the next 6 months.

     

    Remaining as calm as possible once in a trade has been one of the biggest turning points. Having a plan and trading it ensures your targets and risks, making each trade comfortable. I recall being glued to the charts and this was one of the downfalls for me early on which led to overtrading. I keep it simple now, just watching for price levels with alerts to notify me in advance. No point trying to look for trades... good trades just popup in your face screaming at you. Also the more knowledge you have about the markets not just locally but on a global level... the more info you have that could help confirm your trade ideas.

  3. Posted

    CitiFX Pro Launches on MetaTrader

     

    Superior Liquidity and Competitive Pricing for MetaTrader Clients

     

    NEW YORK-- Citi today announced CitiFX Pro, Citi’s online foreign exchange (FX) trading platform for active individual and small institutional traders, is now available on MetaTrader, the global leader in technical analysis and programmatic FX trading. CitiFX Pro will enable MetaTrader’s rapidly growing global user network to realize reliable round-the-clock liquidity and highly competitive pricing. More information is available at www.citifxpro.com/meta.

     

    “CitiFX Pro is an ideal fit for the MetaTrader community,” said Sanjay Madgavkar, Head of CitiFX Pro. “MetaTrader users around the world can now benefit from the liquidity and pricing benefits of trading with Citi, a global leader in FX”.

     

    “MetaTrader is delighted CitiFX Pro will be available to our clients,” said Gaies Chreis, Deputy CEO of Metaquotes. “This is a tremendous opportunity for MetaTrader users to develop a relationship with the premium name in FX trading”.

     

    Boston Technologies, a leader in technology for the retail FX business and small institutional space, is providing the technology and the customer support required to connect CitiFX Pro with the MetaTrader community.

     

    MetaTrader provides a user-friendly trading interface that includes technical analysis, charting and Expert Advisor programs which allow users to create either a personalized trading system or deploy third party pre-programmed trading systems.

     

    CitiFX Pro offers clients the ability to access state-of-the-art trading capabilities in more than 130 currency pairs in addition to award-winning research and FX market commentary free of charge and 24-hour personal customer support. CitiFX Pro also offers unlimited FDIC coverage on US dollar margin deposits. To learn more about CitiFX Pro and sign up for an account visit www.citifxpro.com.

     

    About CitiFX Pro

     

    CitiFX Pro is an online foreign exchange trading platform launched in March of 2008 in partnership with Saxo Bank, the Copenhagen-based online Bank. CitiFX Pro offers Citi’s individual and small institutional clients an opportunity to take full advantage of the world’s largest financial market with access to the same real time data and trading technology as institutional traders. CitiFX Pro is currently live in US, Switzerland, Israel and several Asian markets and will be launched in additional regions soon. Additional information may be found at www.citifxpro.com.

     

    About Citi

     

    Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at http://www.citigroup.com or www.citi.com

  6. Posted

    Hi Tams,

     

    This has been removed per your request. Still working on your previous request and looking to get that done shortly. Thanks.

     

    James:

     

    One suggestion: Can you omit the "is" from the status ?

     

    because people might want to use "was", or "has", or "had"... etc.,

     

    attachment.php?attachmentid=14143&stc=1&d=1255108605

     

     

     

    p.s. Facebook used to have the "is" in their status line. They have removed it to give people more flexibility in expressing their status.

  11. Posted

    How can you say no client demand? Nikkei, Kospi, HSI all trade great volumes

     

    Better than many of the exchanges that TT currently offer, such as Sydney Futures Exchange, Montreal Climate Exchange (???), Montreal Exchange (??), Tokyo Commodity Exchange (?)

     

    The mind boggles as to why these exchanges have been prioritized for support.

     

    Hi MidKnight... could be that TT does not have enough of its own clients to justify investing into Japan or perhaps they can not find a FCM who would sponsor them into OSE/TSE. I am not sure what the exact reasons are. TT could have access to TOCOM through the Newedge Frontier system. This saves costs as they only need to invest in lines to Newedge. They could technically go down this route for other exchanges that Newedge provides but then the end user (trader) can only trade if they have an account with Newedge.

     

    There are many reasons why TT has not yet entered into TSE/OSE. Legal reasons? Lawsuits pending? No clue....

  13. Posted

    Thanks James, that is what I thought. When reading the initial post, it sounded to me like TT might have _finally_ sorted out getting into Asia a little. Sadly that remains not the case :(

     

    I wish either TT or zenfire would start to make some head way in this area.

     

    Its a bit complicated here for ISV's to gain access to our exchanges. First you need lines that are costly without any client demand. Second, ISV's need to find a FCM who will sponsor them to connect to each individual exchange.

  14. Posted

    James, what are the more popular professional order entry platforms day-traders use in Japan?

     

    Are you aware if a foreigner can start up a proprietary trading company in Japan? Or do I have to rope in a Japanese?

     

    GL Trade has the number one market share amongst professionals. A foreigner can start a prop trading company... its a matter of having capital to meet the Japanese regulatory requirements and registered with the FSA or JSDA. (not too sure which regulatory agencies you need to register with) If you are interested, pm me regarding it as I have helped a few foreign entities launch their business in Japan.

  16. Posted

    I'm curious James. I always thought you were a market profile trader, and thus, fairly unconcerned about user to market speed issues. Where am I getting that wrong?

     

    Sure for some markets.. less for the local markets. I trade on patterns and vwap for Kospi, more order flow and momentum on Nikkei. I stopped using mp on Nikkei early due to gaps that caused alot of confusion for me when starting out.

  17. Posted

    Hi Brownsfan, not sure if you've found a solution yet but wanted to add some input. I've seen this problem happen even within banks. In one case, after installing a new trading platform we were experiencing some network delay issues. It wasnt that noticeable in the start but after about 6 weeks the delays became more frequent and sometimes I was experiencing getting logged off from my execution system. We checked the ISP and ran a traceroute. Nothing seemed to be wrong.

     

    A friend of mine told me about TCPView: TCPView for Windows

     

    This tool monitors in real-time the connectivity for all various points in the router. We noticed that one IP address was spiking 5 folds on a frequent basis. This was the cause for the delays. Im not sure if this sample will apply to you, but maybe worth downloading the tool? Its free from Microsoft.

  18. Posted

    Always great to meet a fellow Nikkei trader!

     

    I'm trading on a leased line and from an arcade. I can't recall if TT takes its OSE price feed straight off from OSE or from the Japan counter-party broker (NewEdge / Calyon). My orders take 25 milli-second to hit SGX and 50 milli-seconds to hit OSE.

     

    The reason I'm asking for how quick TT's connection is to SGX from Tokyo is because I want to trade from Tokyo (and explore exciting Japan!), wondering how feasible that would be.

     

    Have you traded on SGX using TT before?

     

    Ahhhh.... you need to speak with Newedge. They use Frontiers for order routing which is slow and they are looking to replace it. The problem with your model compared to mine is this:

     

    You > Execute > ISV server > Newedge server (Frontier) > Exchange

     

    Me > Execute > ISV server located at the exchange

     

    Notice how I skip a step as my orders go directly to the exchange. Ive traded through Newedge Frontier before for various products, Topix, JGB, Nikkei OSE and SGX, and various TOCOM products. I must say it is rather slow.

  20. Posted

    Traded it almost 2 years ago on SGX. Never had an issue.

     

    TT problems exist because TT is not a direct market data vendor. So they retrieve market data including market depth data from a third party source. Obviously this is the delay. This is one of the most frequent comments I hear regarding TT.

     

    To overcome this, use top of the line pc as well as a super fast internet line.

  21. Posted

    Pretty cool stuff here.

     

    The $150 Space Camera: MIT Students Beat NASA On Beer-Money Budget

     

    * By Charlie Sorrel Email Author

    * September 15, 2009

     

    thumb-660x495.jpg

     

    The $150 Space Camera.

     

    Bespoke is old hat. Off-the-shelf is in. Even Google runs the world’s biggest and scariest server farms on computers home-made from commodity parts. DIY is cheaper and often better, as Justin Lee and Oliver Yeh found out when they decided to send a camera into space.

     

    The two students (from MIT, of course) put together a low-budget rig to fly a camera high enough to photograph the curvature of the Earth. Instead of rockets, boosters and expensive control systems, they filled a weather balloon with helium and hung a styrofoam beer cooler underneath to carry a cheap Canon A470 compact camera. Instant hand warmers kept things from freezing up and made sure the batteries stayed warm enough to work.

     

    Of course, all this would be pointless if the guys couldn’t find the rig when it landed, so they dropped a prepaid GPS-equipped cellphone inside the box for tracking. Total cost, including duct tape? $148.

     

    Launch

     

    Two weeks ago, on Sept. 2, at the leisurely post-breakfast hour of 11:45 a.m., the balloon was launched from Sturbridge, Massachusetts. Lee and Yeh took a road trip in order to stop prevailing winds from taking the balloon out onto the Atlantic, and checked in on the University of Wisconsin’s balloon trajectory website to estimate the landing site.

     

    Because of spotty cellphone coverage in central Massachusetts, it was important to keep the rig in the center of the state so it could be found upon landing. Light winds meant the guys got lucky and, although the cellphone’s external antenna was buried upon landing, the fix they got as the balloon was coming down was close enough.

     

    The Photographs

     

    The balloon and camera made it up high enough to see the black sky curling around our blue planet. The Canon was hacked with the CHDK (Canon Hacker’s Development Kit) open-source firmware, which adds many features to Canon’s cameras. The intervalometer (interval timer) was set to shoot a picture every five seconds, and the 8-GB memory card was enough to hold pictures for the five-hour duration of the flight.

     

    The picture you see above was shot from around 93,000 feet, just shy of 18 miles high. To give you an idea of how high that is, when the balloon burst, the beer-cooler took 40 minutes to come back to Earth.

     

    What is most astonishing about this launch, named Project Icarus, is that anyone could do it. The budget is so small as to be almost nonexistent (the guys slept in their car the night before the launch to save money), so that even if everything went wrong, a second, third or fourth attempt would be easy. All it took was a grand idea and an afternoon poking around the hardware store.

     

    The project website has few details on how the balloon was put together — but the students say they will be posting the step-by-step instructions soon. UPDATE: The instructions will be available for free, not $150, as earlier reported.

     

    Project Icarus page [1337 Arts]

     

    Photo credit: 1337 Arts/Justin Lee and Oliver Yeh

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