Search found 14 matches

by brendo
Wed May 19, 2004 4:01 pm
Forum: Forex
Topic: Accounting for Forex Carry
Replies: 8
Views: 11370

Accounting for Forex

Bollinger I come from a strong Forex background and enjoy a medium familiarty with the backadjustment process for Futures data. I guess I can state that analysis of the historical "Spot" market provides the single asset price from any previous date until any desired subsequent following date. This i...
by brendo
Fri May 14, 2004 7:38 pm
Forum: Forex
Topic: Accounting for Forex Carry
Replies: 8
Views: 11370

Re: Accounting for FX carry

Do you apply the interest payments as adjustments to account P/L after the trade was entered, or do you use them to backadjust all the price data historically? It needs to be the latter to permit proper backtesting, otherwise you're not taking the carry into account with your technical analysis lea...
by brendo
Sat Apr 24, 2004 11:13 pm
Forum: Forex
Topic: Anyone Trading Oanda?
Replies: 25
Views: 34303

Forex and Stoppies

Guys, ....just following on from above, one obvious solution would be to impose your own slippage when placing a S/L order. For example if you are LONG a unit of USD/JPY at 110.50 and your 2 ATR S/L calculates at 108.80, you could always place the actual S/L order one spread worse that your intended...
by brendo
Sat Apr 24, 2004 6:29 am
Forum: Forex
Topic: Anyone Trading Oanda?
Replies: 25
Views: 34303

Stop Loss in Forex

c.f. This issue is argued every day in the wholesale Forex markets where often a price is only seen traded because a Stop-Loss is triggered. Because most Forex trading houses promise and deliver zero-slippage, they have no real option but to hit stops when the price is seen on the other side of the ...
by brendo
Thu Apr 22, 2004 8:21 am
Forum: Forex
Topic: Accounting for Forex Carry
Replies: 8
Views: 11370

Forex Carry

c.f.

Your methodology sounds spot-on (no-pun intended), I cannot imagine a more correct method of calculating FX Carry.

Later

Brendo
by brendo
Sun Apr 11, 2004 2:50 am
Forum: Forex
Topic: FOREX vrs. Stocks
Replies: 13
Views: 17599

"Fading" (Reading your interest)

Kiwi Interesting that you've heard of reports of retail brokers that are "fading ' or "reading" a clients interest and the skewing the price against the client. I'm sure you'd be aware that this is standard practice in the wholesale Forex markets, it's only natural that it would trickle down to reta...
by brendo
Sat Feb 07, 2004 9:01 pm
Forum: Money Management
Topic: Scaling / 'Pyramiding'
Replies: 31
Views: 36929

The importance of Pyramiding

Personally, I have found Pyramiding to be the most powerful part of my trading system, and it thus has added much greater value than to me than 'Entry' and certainly more value than early exit of losing trades. I have used variations of the Pyramid procedure as described in the 'Original Turtle' rul...
by brendo
Thu Feb 05, 2004 4:46 pm
Forum: Trader Psychology
Topic: poll for character/temperament types
Replies: 35
Views: 46251

Trader Psychology

Unsurprisingly I'm an INTJ, most of the description fits me quite well I think. This is very consistent with a " Hermann Brain " profile that I completed a few years ago. http://www.mindwerx.com.au/HBDI_programs.htm What does really surprise me is that INTJs + INTPs make up just 2% of the general po...
by brendo
Wed Jan 21, 2004 3:32 pm
Forum: Brokers
Topic: Brokers for non-US stocks (other than IB)
Replies: 3
Views: 3699

Re: Access to many Asian Markets

Here's a broker that I just recently stumbled across which has access to many of the 'emerging' asian markets, including HK. http://home.boom.com.hk/index.html .....Commissions look fairly high for many of these markets, but I think a lot of that is due to regulatory fees. -Jason Jason The charges ...
by brendo
Mon Jan 12, 2004 6:43 am
Forum: Trader Psychology
Topic: Too much reading ...
Replies: 58
Views: 51105

Counterparty Analysis

At any given day among X contracts of heating oil traded, X1 was traded by institutions for speculative purposes, X2 by institutions making market, X3 by hedge funds, X4 by retail traders, etc. so that X1 + X2 + ...Xn = 2*X. The answer does exist. :D Kalitka I have almost 15 years experience in the...
by brendo
Sat Jan 03, 2004 6:38 pm
Forum: Forex
Topic: FOREX vrs. Stocks
Replies: 13
Views: 17599

Re: Forex Buyer beware

For example, I had friend from Spain put $100,000 usd in an online acct in the U.S. becuase he liked the spreads of 3-5 pips in the major currencies. He did this when the Euro/usd was trading below .9000 now with Euro above 1.25 he stands lose a good portion of his capital base at the current marke...
by brendo
Thu Dec 18, 2003 6:26 am
Forum: Forex
Topic: FOREX vrs. Stocks
Replies: 13
Views: 17599

In Defence of Online Forex

In my informed opinion the services offered by some of the better-known online Forex providers is as good as (or better) than what has been available in the wholesale Corporate and Institutional marketplace. 1. 5-pip spreads is pretty damn good in volume of just USD 100k. Whilst Institutional client...
by brendo
Wed Dec 10, 2003 9:34 pm
Forum: Stocks
Topic: Questions about system trading equities
Replies: 2
Views: 5412

Trading System.

Richard I guess the best advice I can give you is to read and research as much as you can. There are many decisions you will have to make in your quest for an appropriate Trading System and 'best' market is only one of these. If you've not already done so I recommend that you read some of the Schwag...
by brendo
Wed Dec 10, 2003 12:04 am
Forum: Testing and Simulation
Topic: Spreadsheet testing OHLC.
Replies: 2
Views: 3907

OHLC Spreadsheet Testing

Nathan Have a read of this forum first : http://www.tradingblox.com/forum/viewtopic.php?t=237&highlight=excel I too have spent many, many hours on just this very endeavour. It is indeed a messy and time-consuming task in Excel and I am loathe to recommend anyone else try to do the same. The approach...