Though late to this thread, congrats to China. Personally I'm glad to see anyone (regardless of national origin) improving their lot; China has suffered a great deall over the past, and it's great to see the country doing well. Part of the American ...

China powering world economy

I guess I'd disagree. People are very different; some have a natural math aptitude, most don't. Those that do are more likely to be comfortable with math based tools, those that aren't will use other tools, or if they have a natural aptitude to ...

Poll: Is successful trading more dependent on skill than luck?

I'll let others answer the other stuff, but for this question the answer is because it is essentially an international open barter market between individuals, so the sort of centralized record-keeping & regulation that govern markets such as stocks ...

Why doesn't volume work as an indicator in Forex?

A little philosophical rambling — Hi David; Hope you don't mind; I have a slightly different philosophical POV, so being bored I thought I'd explore it a bit. This isn't to say that you are more "right" or "wrong", it's just that perceptions ...

Axioms of trading

Think of the markets as yelling "Fire" in a crowded theater. You won't be able to predict exactly where each person will go, but you can be sure many will head for the exits. It's a question of statistical bias - which are generally analyzed in ...

Axioms of trading

I dunno dave, I have trouble relating to indicators that take a year or two to ramp up But my main point was for the OP, who seemed a little shocked by the size of the move. Something he shouldn't be, as in the long run they are more the rule ...

EUR/USD -Market Gap

Actually, volatility is reduced from what it was a few years ago. To see this, use something like Average True Range on short periods on the dailies (or weeklies) for the last decade or so. (in fact, if you go back before late May of 2006, I ...

EUR/USD -Market Gap

Perhaps my first axiom would be: Protect your capital. Another would be: Statistics don't create events, events create statistics (thx to Taleb for that insight).

Axioms of trading

This is the easiest to address - the biggest cause of this is that people are intrinsically wired to believe things can get better when they are going wrong (hence they don't cut losses fast enough) and to protect what they have (so they don't let ...

Axioms of trading

Re. Attachment — Hmmm, I thought I was just sending the graph along as an attachment, but it's showing up on my screen. Hope it's not too wide for others, my regrets if it is. Someday I'll get this computer stuff figured out...

Day Trading vs. Swing Trading vs. Position Trading

No doubt there were some, watch the financial papers next few weeks for amusing stories of collapsed hedge funds, there will probably be a few that guessed the wrong way. But if you look carefully you'll generally find they are run by BSD's (a rude ...

Day Trading vs. Swing Trading vs. Position Trading

I don't, not until it gets up past the 1.1250 level, by which time any change of fundamentals should be clear. But a good bounce up is expected since it's been trading against JPY like the other risky ccy's (NZD & Aud) since March, so the pull back ...

NZD/USD, CAD/JPY, EUR/AUD, GBP/CHF, falling off the cliff together--

I don't know about pure carry traders (I assume they were hurt) but from a position trading POV it was a pretty good week. Position trading (at least in my book) is all about managing risk in light of fundamentals, with technicals in an assisting ...

Daily GBP/JPY analysis

Yep. Except it wasn't all that small. But finally deciding to shut it down felt almost as good as a really good win because it meant I had taken control back; and in the long run was a relatively inexpensive form of education.

NZD/USD, CAD/JPY, EUR/AUD, GBP/CHF, falling off the cliff together--

Megadave- those are good points - one has to expect the unexpected in this game...and after a blowout like the last couple of days its great just to pick up and walk away. The neat thing is that when you are out at the beach, or hitting downtown, or ...

NZD/USD, CAD/JPY, EUR/AUD, GBP/CHF, falling off the cliff together--

Nothing like spreading a little good cheer

NZD/USD, CAD/JPY, EUR/AUD, GBP/CHF, falling off the cliff together--

Agreed. So I'm heading off to the beach....

NZD/USD, CAD/JPY, EUR/AUD, GBP/CHF, falling off the cliff together--

I know that for whatever reason the Editor here seems really fond of this guy, but really a little simple observation of the world (and a lot less words) would bring one to the same conclusion. It reminds me of the acres of discussion generated by ...

How Experts Make Decisions Under Uncertainty

Re housing in particular - Canada exports a good deal of lumber and other building materials (like copper for pipes) to the US to support the US building trades, plus it's been a big draw for skilled Canadian construction workers. So US building ...

USDCAD trend reversal?

My guess is that if the stock mrket continues to tumble we'll see a further reduction in bond rates as US based money looks for a local safe haven. Falling bond returns + falling returns on the Dow won't be good for the dollar in the short run. In ...

Dow sheds but Dollar Rises