The current market - testing with tedious trading environments

[TulipFX]

Testing markets and tedious trading environments permeate the financial world at the moment. When will something give?

Prominent Market Players Talk About THIS Market Environment

• Proprietary Trader At New York Based Bank
• Money Market/Rates Trader At UK Clearer
• Chief FX Trader At London Based Bank
• Rates/FX Trader, Now Trader Performance Coach
• Senior Fx Sales/Trader At Zurich Based Bank
• Far East Based CTA Manager
• London Bank Emerging Markets Trader
• London Based Derivatives Broker
• London Based Money Broker

Their conclusion "These markets suck!". Interesting read to hear their insights into why.

Read full article here: http://www.rmdfx.com/2012/10/24/prominent-market-players-talk-about-this-market-enviroment/

 

[CanOz]

Wow, they are a gloomy lot! Mostly FX traders and that's tough. Don't know how you can trade anything intraday without good order flow.

CanOz

 

[TulipFX]

Their mood is probably directly correlated with the size of their Christmas bonuses.

 

[>Apocalypto<]

Their mood is probably directly correlated with the size of their Christmas bonuses.

hahaha

 

[cogs]

I have to totally agree with their comments, as a retail FX trader it has been sh!tty year for FX. If you are a manual FX trader you will know what I mean. Things have changed considerably.

I find I am leaving more and more positions up to my EA to choose, what there is to choose that is.

Not complaining about this open (EA chosen), but based on my manual method, manually I would been shaken out of this by many of the reasons stated by the players interviewed.

 

[cogs]

There you go, NY took it up, NY took it down. Not complaining about the nice swing action though. Only one take profit method can work in these times and that's trailing.