Masq: it's steve!!!
Phil: aye
Masq: i need something to say
Phil: but its only �20
The dr: i'm stopping trading now for the day
The dr: i'm up with 50rts
Phil: thinking the same geoff, gym perhaps
Masq: steve is on!!!!
The dr: lots of other business to get on withh,but agree in pricipal Phil
The dr: can easily just burn cash
The dr: i'm feeding the cleare today
The dr: sorry clearer
Phil: yeah good idea, think il'lll do that tomorrow
Phil: v messy
Masq: STEVE IS ON - i need some inspiration
Phil: call him a ****
Phil: ask him out to dinner
Phil: ask him what he's wearing
Masq: no, he's decent
Phil: ask him what his favourite flowers arere
candles: Tell him he's an elightened cat and you dig talinkg with him
Phil: ask him for his personal number
Phil: ask him for a beer
Phil: ask him for a threesome
Phil: ask him to sing
Masq: ok....one sec..
Phil: ask him to karoake
Masq: Steve: ok, well i'd like to short starbucks for example. I never rated the stuff they serve
Masq: Steve: it tastes like urine and please don't ask how i know
arabianights: agghghhghg
Masq: Steve: can i do this?
Masq: time for a response...
Phil: is this their live chat?
brutusdog: tell him you want to sit on the end of his bed and play him a song on your banjo
Phil: i might do that on odl's one
Masq: i'm waiting for a reply
Phil: whats his surnaem
Masq: it's just on VC "steve"
Masq: damn, that was boring
heist: cya guys im going for dinner. i will oso drop by often to pick up on shorter term trading
Masq: Steve: You can but not until after 14.30 when th US market opens
Masq: that was very vanilla by him
Phil: cya heist
Phil: MrT: Hey woman Omer: how can i help? MrT: can you recommend a trade Omer: no MrT: i'm gomnna torture cable MrT: im gonna crucify it MrT: REAL BAD MrT: what do you think? Chat InformationChat session has been terminated by the site operator.
Phil: well that was short lived
Masq: ok...new post coming
Phil: guys
Phil:
http://www.trade2win.com/boards/trading-faq/53216-market-call-spot.html
Masq: bwahaha
Masq: nice one
Masq: new post, not very interesting
Masq: if you want a look
Masq:
http://www.trade2win.com/boards/general-trading-chat/53132-vc-financial-epic.html#post656578
G: did you get in on it arabian?
Phil: dave cant get on cahtzy "possied"
Phil: hes on a position
Phil: why ftse uptick?
candles: did spanish decide on where he wants his futex desk in the end?
Masq: i think he's going for the outside option
candles: i noticed last night he only include closed profits in his pnl. He made £300 and was losing £250 odd on oil but called it a £300 day
Masq: this reminds me, i need to call alpari in a few minutes find out why they take the **** on chf/jpy spread
Masq: because it's not a loss until you close it silly
Phil: haha
candles: lol....my mistake
Masq: you know nothing about trading it seems
candles: would appear so
candles: reckon the pdt rule will ever disapear?
Phil: pdt/
candles: pattern day trading rule - need 25k for stocks
Phil: ah
brutusdog from x.x.x.121 joined the chat
Phil: yo
Masq: i'm complaining to alpari
brutusdog: yo
Phil: hit my target
Phil: not trading til 1.30 or decentnew
Phil: s
brutusdog: whoop
brutusdog: d
genics from x.x.x.125 joined the chat
brutusdog: good lad
Phil: **** yeah
genics: your all gay
Phil: took enough trades
Phil: gay gay gay
brutusdog: nobnobnobnobnobnobnobnobnobnobnob
genics: wheres the kebab vendor
arabianights: aggghghghg
arabianights: what a ****ing stupid reaction and what stupid trading of it by me
brutusdog: ah join my club
brutusdog: just me in it at the mo
brutusdog: but open to new members
brutusdog: especially hairy ones
arabianights: don't worry about that!
arabianights: I also had twice the position I wanted due to a stop going off while I was pulling a redundant order
brutusdog: i might pull something else
brutusdog: make me feel better
arabianights: haha
Phil: im getting him here
G: you guys hear that James Crosby resiged?
G: *resigned
Phil: my english teacher?
G: es HBOS and FSA
G: *ex
Phil: thx
arabianights: heah
arabianights: it was on reuters
Phil: have you guys seen mr marcuses set up?
G:
BBC iPlayer - Select Committees: Banking Crisis Committee
arabianights: there's another guy with a decent beard
Phil:
http://www.trade2win.com/boards/hardware/52434-multiple-pc-monitors.html#post647150
SPANISH89 from x.x.x.61 joined the chat
Masq: he's so pimp
SPANISH89: arabian what desk fee you pay?
Gumping: Crosby - isn't he the guy that sacked his head of risk management for claiming HBOS were taking too many risks in wholesale credit markets?
arabianights: ten million pounds a day
arabianights: yes
SPANISH89: nah seriously mate... :/
Gumping: *LOL* I ****ing love this **** - you couldn't make it up!
Masq: they're usually between £1500 and 2k/month
SPANISH89: cos futex charge 2k..
SPANISH89: and thats really putting me off
Masq: depends what you want
SPANISH89: btw soz for being nasty to you yesterday masq..
SPANISH89: no hard feelings?
arabianights: hahahah what did you say to him?
Masq: lol course not
SPANISH89: i was just having a rant as was annoyed at my trades n drunk
SPANISH89: i started insulting peoples haircuts
SPANISH89: feel slightly foolish now lol
Phil: it was an argument - exit over entry
SPANISH89: ahh yh that started it all
SPANISH89: k but at your firm is there any way you can not pay the desk fee arabian??
G: yes spanish... I don;t pay a desk fee
SPANISH89: how??
G: dont have anything to do with the firm in the first place
genics: surely 2k a month be like 1min of work 2 u?
G: seriously
SPANISH89: cos dante says they start you with 10k capital.., which is ****!! and you then have to pay 2k per month regardless of if you make or lose money/how much you make...
G: maybe you can offset your desk fee in preferred shares in your Corporation?
SPANISH89: and then you only get 50% of profit you make over 2k
SPANISH89: lol
genics: LOL
arabianights: I don't think so, some places might waive the fee when you're starting out
SPANISH89: if they give me 60k t 80k i would just about be ok with it
genics: arabian dont forgtet that pm to reply to!
Phil: hahaa
arabianights: NO ONE is going to give you 60k
genics: you really are a clown spanish
Phil: should be easy for you at 5-10% a day mate
SPANISH89: but 10k, consistentlt making 2k profit every month from that would be good
arabianights: I got 30k and that is at the very top end of deals
G: spanish if they are going to give you 10k to start with, why not just trade to 10k yourself??
arabianights: 10k presumably is enough for 1 contact?
SPANISH89: since i wont be taking big risk or anything, so 10k isnt much
Phil: is that around £8 a tick?
G: lol
G: depens on the contract phil
SPANISH89: if they dont atleast put off desk fee for 3months i will turn them down
genics: 1 contract of what
genics: eurodollar?
G: and teh rates, obviiously
arabianights: oil, which I think is what he wants
arabianights: actually you know the margin on front month swiss is now 38 ticks
genics: spanish they aint gona offer u **** u live in a fantasy world
SPANISH89: yea. its about £8 per tick for oil
G: the traders that are still tradind ED over here are probably doing alright ut of it
The dr: spanish doe sthe 2k include commissions
SPANISH89: nah, you pay 2k regardless..
SPANISH89: and then if you make anything more than 2k you only get half of that!
G: lol
arabianights: thing is spanish
G: atch that video on iPlayer
SPANISH89: so its ridiculous! since if i take taht 10k, do really well and make 4k profit from it, i get 1k at end of teh month
Phil: surely at 5-10^ a day you'll be making 15-57k a month
The dr: yeah, but what dealing charges, i.e i pay £0.5 p.lot
G: teh select comitee
arabianights: if you think about it like that, you're only doing £4 a tick of your own money, so should be less stressful
arabianights: you pay 50p round trip on FTSE?
G: Robert Peston is funny
The dr: yes
arabianights: that's basically the LIFFE fees
Masq: hate him
Phil: die ftse
Phil: die cable
arabianights: only about 10p for the broker
The dr: yes
SPANISH89: it would be less stressful, and i dont mind making less money... But teh thing im not ok with is that 2k regardless fee
The dr: i pay no exchange fees as have direct access
G: what kind of volumes are you doing Dr?
arabianights: everyone pays exchange fees unless you get a rebate
SPANISH89: since if i trade decently all month, make 20% profit, i end the month with zero income
arabianights: and I've never heard of rebates for FTSE unless you're a market maker
The dr: looking to get my fees down to 0.25p.lot
The dr: it's all in with my system rental
The dr: normally you would pay something like £12p.month
Phil: if you made 20% a month surely they would up your size
The dr: but if you use acqg FCM partner then the fees for ftse get bundled in
The dr: it's different for other contracts
The dr: some of those you pay for
genics: only girls trade ftse
arabianights: but they have to pay liffe specific fees for each trade, and they have to be the same fee scale for every member
Masq: you'd have to ask choc about desk fees - not entirely sure it works like that
Masq: i think they scale it up
The dr: thanks no i'm a big poof too !!
Phil: girls with ferraris and diamond watches
SPANISH89: i wouldnt want to up trade size though till i built it to 26k capital :?
Masq: they'll tell you when
The dr: true, i don't k now how they do it, just the deal i'm on
Masq: they'll give you bigger size if they think you're ready
Phil: yo spanish
Phil: just make 10k
Phil: go to futex
Phil: say
Masq: they had someone trading 50 lots on ftse within like 6 months of being there
arabianights: right, LIFFE is 50p a round trip and also a fee to the clearing house which will probably be about 2p
Phil: i have 10k. you back me another 10k. you get 25%
SPANISH89: why cant they just give me the 10k and let me use etx platform...
Phil:
arabianights: so you're already costing them money each time you trade
SPANISH89: then il pay all the huge spread size myself from that money, and il handle my own news feed as i alreayd have deal setup
The dr: well Dave it feels like i'm paying enough to do this
arabianights: hehe
SPANISH89: i will actually try suggesting that subtly
The dr: at £685 p.month system renatl clearing fees it adds, so they do okay however they do it
arabianights: spanish because then they won't make any money from your fees
arabianights: and they can't control your risk effectively
arabianights: that sort of thing
SPANISH89: :/
The dr: sorry £685 clearing fees it really adds up
arabianights: trust me geoff those are great fees
SPANISH89: i hope i can get the fee cut down atleast though if i say il provide my own news feed
The dr: good i'll stick with them
SPANISH89: since i already get it free
The dr: off to lunch, back later
G: is anyone watching it?
Phil: listening
SPANISH89: grr ****ing oil
Phil: subconciously
SPANISH89: anyone else trades the oil invnetory number on wednesdays?
G: isnt it now on Tuesday?
G: 9:30?
SPANISH89: nah thats api
Masq: mr M is a BSD?
G: oh
SPANISH89: market should rocket no matter what the number is though
arabianights: I'm not watching it no
arabianights: don't have the time really
arabianights: ooh pmqs is on
G: PMQ's
arabianights: can anyone tell me if they say anything?
G: yep
G: nope
Masq: they're politicians
Masq: they never say anything
arabianights: I really wish they would kill each other
Phil: spanish when is that out
Phil: ill do requotes
SPANISH89: 3.35
Phil: thx
SPANISH89: you'l requote who??
Phil: "what do you think of clarksons comment"
Phil: odl
Phil: during news time
Phil: jsut watch the charts and sticka stoploss in profit and try to run it
Phil: free money everytime
SPANISH89: how can you requote an sb firm??/
Phil: you click "requote" they give you a price, and they let you choose to buy or sell within 9 seconds
Phil: its uber awesome
SPANISH89: ooooh
SPANISH89: i may try that
Phil: its 200 cashback anyways spanish
SPANISH89: as when number hits its common to have 60ticks slippage
SPANISH89: in fraction of second
Phil: and its via online debit card so you can get on within the next 15minutes
Phil: go direct though
Phil: for 0.5sl's
Phil: speaking of ODL where is wasp,
Phil: geoff you in ftsE?
Phil: spanish
choc: ****ing hate the ftse
choc: pile of ****ing ****
candles: .
choc: soon as i can im trading the ym
candles: they start you off on ftse?
Phil:
VDM GLOBAL MARKETS
Phil: free money
SPANISH89: aloha choc
Phil: deposit £200. place 3 trades. get a bonus of £200. place 10 trades, you can withdraw any amount you want
SPANISH89: is futex desk fee really 2k?? and they start you on just 10k?
The dr: Dave , just one thing iforgot on the fees, i have to trade over 1000 lots a months to keep my discount
SPANISH89: you ever swing trade geoff?
SPANISH89: well not swing, but like hold for 30mins 100points ?
arabianights: heh, we get like 10p discount or something from LIFFE for 10 000 lots!
choc: 1500 round trips so yea
choc: about 2000
choc: 1550 plus round trips
genics: arabian..pm reply lol
MTC25 from x.x.x.82 joined the chat 5 seconds ago
arabianights: heh, add me to msn
[email protected], probably easier than me bothering to write a reply
choc: nice, phil
Phil: how many rt's you manage a day choc?
arabianights: the difference between writing a letter and talking
SPANISH89: whats a round trip??
arabianights: each time you buy and sell * your clip size
SPANISH89: clip size??
Phil:
Welcome to Investopedia.com - Your Source for Investing Education
SPANISH89: cos i need to learn all these direct access terms fast so if i get interview at futex i can talk the laguage
keano from x.x.x.194 joined the chat 2 seconds ago
SPANISH89: so a round trip is just the action of making and cashing in your trade?
Phil:
http://www.trade2win.com/boards/first-steps/32487-can-anyone-define-terminology-please.html
arabianights: number of lots you are trading in a go
arabianights: so in other words how many lots you have bought and sold in a day
SPANISH89: ah
choc: I do about 50
SPANISH89: how different is direct access execution to sb?
SPANISH89: like do you actually have to 'find a buyer' yourself??
arabianights: not very
arabianights: sort of yes
Phil: you have to call them up
genics: hahaha
Phil: then take them out for afternoon tea
Phil: and crumpets
choc: bbl, lunch
SPANISH89: lol
Phil: yellow pages spanish
SPANISH89: nah i mean like i know what big and offer are..
Phil: how big are you
keano: you still trading your own account spanish? or you at a prop firm
SPANISH89: but life if oil is at 40.26 and i want to sell as high as possible can i offer my oil at 40.36?
SPANISH89: and some fool may buy tit off me there?
SPANISH89: aloha mate, my own currently
Phil: look on youtube for trading ladders
SPANISH89: ive applied to futex, but not very sure cos of thier desk fees and low capital
keano: why go prop tho.....
SPANISH89: less stress..
SPANISH89: my hand is lazy tho.. lol ive already had to google clip size and other other stuff
SPANISH89: can you actulaly just only offer to sell your oil at 10ticks abbove the current price??
Masq: you can offer to sell something - same as a limit order
Phil:
YouTube - curde oil, gold scalping
SPANISH89: and just wait till some newbie who is dmeoing and dont get it buys that off you??
Masq: i think your best fill is market
genics: how would they buy it
genics: if there on a demo
arabianights: yes, but someone on demo can't buy it
Masq: you won't get people to buy at something stupid
genics: lool
Masq: they'll just get filled at market
arabianights: but they can only get a fill there if yours is the best offer
Phil: rofl
SPANISH89: nah someone who is demoing rela money
genics: demoing real money? ;/
Masq: you can't demo real money? :|
SPANISH89: like their 1st time and they dont get how to do it
arabianights: in the pit though you could in what is called a 'fast market' do the equivilant of that
SPANISH89: k chnage teh word demo for testing
arabianights: they will get filled at whatever the best offer is
SPANISH89:
SPANISH89: who sets that rule??
arabianights: the exchange, it's how it works
SPANISH89: cant i bypass the mediator and just sell directly to them at that price??
genics: lol
SPANISH89: cos if they willing to pay that price for my oil it should be upto me n them..., nothing to do with nymex
Phil: "can i scam people?"
SPANISH89: its not scamming...
SPANISH89: just creative selling
keano: good dow trade yesterday genics! I was in the gbpjpy and took 300 pips so paid for a few dinners
G: you can cross trade spanish
SPANISH89: can someone refuse to buy your oil?? even if you offer tehm at market price...
Phil: are you watching the youpoo vid
genics: good stuff keano
SPANISH89: like they want to wind you up so keep refusing to buy if it off you?
SPANISH89: how do you locate the newbie traders and cross trade with them??
doggy123 from x.x.x.27 joined the chat 3 seconds ago
Masq: you can smell them a mile out
Phil: oi choc, who is police? he's writing the blog for futex
SPANISH89: i hope no-one smells me out when im using the pltaform for 1st time.. :?
SPANISH89: :/
The dr: boys got to go now
arabianights: yeah but you can't cross trade away from market with a 1 lot
keano: just ask them if they know what 'clip size' is and if they dont they're a newbie
Phil: cya geoff, hav a good afternoon
arabianights: in fact I don't think you can cross trade with a 1 lot
arabianights: but I don't know ICE regs
The dr: have energy performnce certificates to do for a few flats, bye, back tomorrow
arabianights: yes there doesn't have to be a buyer
Phil: rofl keano
arabianights: cya geoff
SPANISH89: sigh. il just stick to nor al trading and not bother trying to scam newbies
Phil: spanish
genics: spanish u keep talking about wanting 60k and no desk fees etc
genics: and u clearly dont have a clue about direct market
Phil: for every £1 you give me i'll give you £5 back ok?
SPANISH89: knowing my luck il endup finding the corss trade link to jp morgans oil division!
The dr from x.x.x.173 left the chat
Phil: you up for that?
SPANISH89: yea, i never traded direct access as prefer sbs
genics: so why wud anyone back u lol
SPANISH89: youl give me £4 for doing what?
Phil: how can you prefer it if you've never tried the alternative
genics: in a direct market enviroment
SPANISH89: tax
keano: you in a trade at the moment spanish? how much you making?
Phil: anytime you deposit £1 with me, I'll give you £5 2 days later
SPANISH89: and ive seen the pltaform and dont liek the look of it as its more for scaling
SPANISH89: scalping
SPANISH89: yea in an oil long from a **** price in the mid 38s..
G: which platform?
keano: spanish style stop?
SPANISH89: nah using medium size stop
SPANISH89: im building a core trade though..
SPANISH89: so dont mind allowig it to float abit offside at moment
Phil: i think he's talking about price ladders
Phil:OK
