No problem Asbo Can't say for certain, but the obvious answer is EU spreads go up, as does volatility, but not enough to compensate for rising spread, so yes it would be a handicap. French & German banks will just move their spec operations ...

Tobin Tax Effect on Forex

Oh it will happen without a doubt, but it's not half as bad as you think unless you live in France of Germany in which case you may have an enforced trading holiday for maybe 2 years. For one, UK - the biggest FX clearer, US and China are all dead ...

Tobin Tax Effect on Forex

I agree with you about transparency, stability, boringness all the rest, but to think that this volatility will be sorted by a tax is the product of economist brainstorming from their ivory towers - ie the same thing that's caused the mess in the ...

Tobin Tax Effect on Forex

Bit late for that - we've already created a complex and unsustainable system. All that's happening now is a great unravelling. Tobin tax is the biggest political hot potato of them all right now. Not because it'll sort out the crisis (it won't, ...

Tobin Tax Effect on Forex

Agreed, sounds like delta neutral trading. OP - you end up simply betting on volatility - magnitude - of moves rather than direction using options rather than spot. Although you can theoretically recreate any option strategy in spot, it'd be hellish ...

Capital Neutral Trading Methods

You've just set yourself a big obstacle in my eyes and I'm not going to prove you wrong; that's for you to figure out off the back of a few thousands hours of testing.

Edge in an automated entry?

Ideally they'd be some logic behind the rule based on market structure to back up your stats but either way, for it to be relevant I'd want to see a defined edge based on 1:1 risk:reward. You'd test over a range of values, and it should be pretty ...

Edge in an automated entry?

If you're telling me that currency futures are running at different prices to spot, screw Christmas, I'll spend the rest of my days arbing it to the hilt. Whether Soros traded spot or futures (and given the volumes, I'd imagine it wasn't through ...

Do you guys find that forex trading sucks?

Saxo is probably your best bet for fx options, but I personally think you're barking up the wrong tree. Trading options requires a whole different set of strategies, as well as opening up a bag of new ones but it won't get you off the hook in terms ...

Seeking pro advice: FX, options, futures, and the glass ceiling

The chart's on your side, but I wouldn't underestimate their capacity for doing something way out of whack and scale compared to anything seen before. Not forgetting too the more underhand methods.

Long-term projection of major currencies?

Toss up between USD and JPY depending on how much intervention (printing in the form and direct with BOJ) they do. The nordics are the best best as solid reserve currencies, followed by BRICs who are much better capitalised. CHF will introduce ...

Long-term projection of major currencies?

Good back to basics questions Pip. What exactly is the true purpose/use of a timeframe? >> To filter the mass of information because looking at a tick chart is too granular. Or, to look at it in the same way as other participants who are making ...

Illusion of Time(frames)

Flip it on its head - if you assume TA does work, then what does Brownian motion tell you about collective behaviour in the markets? Bon voyage!

TA-Charting on Brownian Motion

Wait a minute. He's now long honesty... I wasn't expecting that. A classic move: url

Glowing Optimism from a GS Trader

His full portfolio is long on clown suits and Zero Hedge, short on common sense and professionalism. In the interests of fairness, the BBC should have made this clear.

Glowing Optimism from a GS Trader

Everyone reckons they're a better driver than average, but by the law of averages, most people are simply average. So they reckon it might take the average Joe a thousands of hours to get anywhere but they're an outlier because they're smarter. on ...

What the ^&*%% just happened?

Anything involving calculations I do in Excel, have done for years. However, I'm not sure you'd get anything out of my models as they're specific to what I'm doing. Excel is way more flexible, and transparent, so you can interrogate and check the ...

Backtesting in Excel vs MQL4

I love this early 1800s English. Go on, do your Thomas Jefferson impression too, it's well funny.

Origin Of Price

Not sure about making it count, but I'll add this - if say EU hadn't been ranging so much, you'd have commended yourself on your discipline. Seeing as it has (I'm taking a guess here of course, not knowing TFs, trades etc), you're berating yourself ...

That feeling you get...

Trouble is Las, not one person in here can answer that question because it depends on things we don't know about. If you're hitting B/E pretty regular, you need to start doing some digging across both individual trades and your trading footprint. ...

That feeling you get...