"Agreed - although not just banks in the UK, in the US and Japan which were also co-party to the Lie-bor.I would like to see something come out of this - other than the usual small fine and things continuing as usual.Kind Regards,Chris"
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2ndSkiesForex commented on 2ndSkiesForex's blog post Banks and Big Institutional Profits Declining from FX Trading
Peter jcp commented on 2ndSkiesForex's blog post Banks and Big Institutional Profits Declining from FX Trading"Hi Chris - yes - with what happened in the UK with Barclays Bank and the Libor rate scandal along with 3 other main UK banks surely means they need to be placed under the "spotlight" ;-)
Looking forward to what might come out of all…"
2ndSkiesForex commented on 2ndSkiesForex's blog post Banks and Big Institutional Profits Declining from FX Trading"Along those lines Peter....BOE going after some UK Bankshttp://professional.wsj.com/article/SB10001424127887323751104578148643121386844.htmlWill be interesting to see what comes of thisAnd how the BOE will manage the FSA now that its folding it."
2ndSkiesForex commented on 2ndSkiesForex's blog post Banks and Big Institutional Profits Declining from FX Trading"Hola Peter,I have to agree with you the banks made out, and investors like yourself did not, which is really a shame and I think unjust for sure. And the fact they wanted it back, that they thought themselves such an important part of our…"
Peter jcp commented on 2ndSkiesForex's blog post Banks and Big Institutional Profits Declining from FX Trading"Hi again Chris - Yes I hope you caught a few nice moves during this session. With regards to the Banks and large Institutions - I suppose I am a bit anti to them after my own experiences of 2008 /9 when I lost a considerable amount of funds from…"
2ndSkiesForex commented on 2ndSkiesForex's blog post Banks and Big Institutional Profits Declining from FX Trading"I hear ya, been 'scalping' Dow Jones, Gold and GBJPY. Hope (although I'm pretty confident) you are getting along just fine. But I am shocked...shocked you liked the article ;-)Good hunting amigo"
Peter jcp commented on 2ndSkiesForex's blog post Banks and Big Institutional Profits Declining from FX Trading"Lol - got to get my scalps in first - but as you guess - I liked the article ;-))"
2ndSkiesForex commented on 2ndSkiesForex's blog post Banks and Big Institutional Profits Declining from FX Trading"And cue the response from Peter in 5...4...3...2..."
2ndSkiesForex posted a blog postBanks and Big Institutional Profits Declining from FX Trading
Banks are seeing a steep decline in profits from currency trading, as once-lucrative businesses are eroded by the rise of electronic trading and the proliferation of new platforms...As the easy profits from handling trades for clients vanish, banks are being forced into an arms race, analysts and traders say. That means offering better terms to customers and spending heavily to develop electronic-trading platforms of their own...***Note how it talks about the easy profits for banks, which has…See More
2ndSkiesForex commented on 2ndSkiesForex's blog post Live Intraday Price Action Trading | Nov. 23rd"@Ricardo,A donde vivis en Argentina? Vivi ahi hace dos anos en Capital Federal - Palermo Hollywood.Me gusta Argentina - es una pais hermosa con mucho cosas para disfrutar.Entonces, sobre tu commento, tengo mucho ejemplos de otro posiciones de…"
2ndSkiesForex commented on Brian Twomey's blog post Inside the Currency Market: Trade Recommendation # 16 USD/JPY"@Peter,In regards to your last post/comments on this thread - in what I think is a first (are you sitting?)...I am in complete agreement with you - 100% across the board.It should be noted TIME is a CURRENCY, which unlike the others, cannot be…"
2ndSkiesForex commented on 2ndSkiesForex's blog post Live Intraday Price Action Trading | Nov. 23rd"Here is a follow up to the 2nd half of the position on Silver which I'm still holding for +65 pips.And here is another trade I'm in on Gold as well, currently up +2016pips on the day:Until next time, have a good weekend!Kind Regards,Chris"
Ricardo commented on 2ndSkiesForex's blog post Live Intraday Price Action Trading | Nov. 23rd"Esto lo voy a creer cuando se coloquen con anticipacion los trades y no despues, yo tambien publico una foto donde entre y soy fantastico..jajajaj"
2ndSkiesForex commented on Francesc Riverola's photo
Forex Magnates Summit - London 2012
"Looks like Greenberg perhaps needs the beer.Handsome lad there Francesc for being in your late 30's :-)I was dying to go to this, but alas the move to Mexico has kept me quite busy.Hope you had a good time though as it looked like a great…"
2ndSkiesForex posted a blog postLive Intraday Price Action Trading | Nov. 23rd
Hello Traders,I wanted to post a few trades I took recently on AUDUSD and Silver. You can see the entry and exit points for each trade which I did just using price action strategies.Here they are below;AUDUSD…See More
2ndSkiesForex commented on 2ndSkiesForex's blog post Even Monkey's Reject Unequal Pay"Yeah, me thinks he is dutch as well. Fun video"
Profile Information
- About Myself
- Price Action Trader, Ichimoku Trader, Philologist, Archer, Business Coach, Fund Mgr, Buddhist, Forex Educator, Micro-Loaner, Soon to be Author
http://2ndskiesforex.com/
- Trading style
- Deadly
- Current Broker
- Barclays, HSBC, FX Pro, FXCM
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Banks and Big Institutional Profits Declining from FX Trading
Posted on November 28, 2012 at 2:46pm 8 Comments 2 Likes
Banks are seeing a steep decline in profits from currency trading, as once-lucrative businesses are eroded by the rise of electronic trading and the proliferation of new platforms...
As the easy profits from handling trades for clients vanish, banks are being forced into an arms race, analysts and traders say. That means offering better terms to customers and spending heavily to develop electronic-trading platforms of their own...
***Note how it…
Live Intraday Price Action Trading | Nov. 23rd
Posted on November 23, 2012 at 4:05pm 3 Comments 8 Likes
Hello Traders,
I wanted to post a few trades I took recently on AUDUSD and Silver. You can see the entry and exit points for each trade which I did just using price action strategies.
Here they are below;
AUDUSD…
Even Monkey's Reject Unequal Pay
Posted on November 20, 2012 at 3:04pm 2 Comments 3 Likes
A great experiment on unequal pay.
Check out the reaction from the Monkey the first time they realize they are getting the short end of the stick...hilarious!
http://www.youtube.com/watch?feature=player_embedded&v=g8mynrRd7Ak&noredirect=1
Weekly Price Action Highlights | Nov. 18th - 23rd
Posted on November 18, 2012 at 10:01pm 0 Comments 11 Likes
EURUSD
Attempting to bottom and make some headway to the upside, the EURUSD failed to clear the 1.2800 role reversal level which was the Oct. swing lows. For now, the pair is stuck between 1.2800 weekly highs and 1.2659 lows which was the pin bar rejection on Tuesday. So bears can look to sell any weak rallies up to 1.2800 while bulls can…
Comment Wall (10 comments)
- At 6:40am on July 4, 2011,
ADEEB SARTAWI said… - I found your last discussion very interesting and positive.
- At 7:53am on July 5, 2011,
Francesc Riverola said… Hi Chris
Love your blog... Thanks for sharing it here at Forexstreet.net
Francesc
- At 11:41am on August 16, 2011, oluwasegun agoro said…
- i love this aticule, it will really help me to make the necessary adjustment where needed..thanks
- At 11:52am on August 16, 2011, 2ndSkiesForex said…
- Hello Oluwasegun,
I am glad you liked the article and hope it helps you with your trading.
Kind Regards,
Chris Capre
- At 12:58pm on May 8, 2012, ROBERT JOSEPH PAULO said…
lets meet in the fxsteet webinar today at 10am ^_^
- At 5:22pm on May 8, 2012, Raj said…
Hi Chris,
On average how long would you say it will take an average person to become consistently profitable if they follow say, some of the systems in the PA course with discipline. And is it realistic to expect to end every week profitably if one only trades 4hr and daily timeframes?
Thanks!
- At 4:36pm on May 17, 2012, Raj said…
Hi Chris,
When you test systems, what is more important, the amount of time or the number of trades? And how many trades is good enough as a test?
- At 4:46pm on May 17, 2012, 2ndSkiesForex said…
Hello Raj,
Both are equally important but obviously depends upon the frequency the system trades. Regardless, I'd want nothing less than 3yrs of testing for any system before using it on a live forward test. But there is no set amount of trades as each system has different trading frequencies. Ideally the min would be about 500+ on the low end and several thousand on the upper end.
Hope this helps
Kind Regards,
Chris
- At 2:56pm on May 18, 2012, Raj said…
Thanks, that helps a lot :)
- At 4:42am on June 18, 2012, ROBERT JOSEPH PAULO said…
dear chris, do you know about 'binaural beats' and if so, would you comment on their possible uses regarding performance/trading. thanks
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