I think you should rethink this, Medici. Haven't you seen the black vans with tinted windows outside your house? They are the stop hunters. They always try peering into my windows when I'm not looking, trying to see my stops. It's hard on the family ...

Aren't the banks interested in hunting our stops?

Oh yes, that's pretty much all they're interested in. If there were no stops to hunt they'd be out of business in like a week. If you're not in front of your screen looking for the stops for at least 80 hours per week, don't expect to find them. If ...

Aren't the banks interested in hunting our stops?

I'm pretty sure I've already said this, but it also helps to approach the market cautiously-- as a jerk. When you find your trade, try never explaining the trade with any technical lingo whatsoever aside from maybe a price or price range. Explain ...

Order Flow - Achieving the mindset

I think psychology in trading comes down to your faith. After you've done all your research and know what THE TRADE is, you then must step up to the plate, commit your capital to it and have faith it will work out. Have an acceptable DD in mind, or ...

Order Flow - Achieving the mindset

okay

Order Flow - Achieving the mindset

I suppose it could have increased. But 1.4 does not represent true value. It just means the market is going to likely take advantage of incentives up to that point. As the price increases, other incentives take the forefront, especially when lots of ...

Order Flow - Achieving the mindset

I just absolutely don't see that happening short of a comet striking the earth where the survivors had to come together and create a common currency. My dollars take just fine. The US is gaining momentum, it's a machine that is fundamentally built ...

What's with the US dollar?!

The only thing that makes it a hedge is the belief it's a hedge. I believe it was a good hedge if you take profit right now, but what about when all those bulls want those fantastic profits? When other instruments are becoming much more attractive, ...

What's with the US dollar?!

gold is just a "thing" there is nothing special about it. Sure there are some industry uses and such, but it really shouldn't be worth much more than the cost of digging it out of the ground and getting it market ready. Let real supply and demand ...

What's with the US dollar?!

Just remember, trading was never intended to be a moral or pious practice, value in terms of price is a joke. Traders don't trade to make sure the value is correct, they trade where there is money to be made.

Order Flow - Achieving the mindset

The Greenback is coming back to life, it's not going anywhere. Now for the gold crash.

What's with the US dollar?!

Oh...one more thing. The trend will persist as long as the incentives are in place, with the exception of the conditions I mentioned in regards to the AUDUSD. Despite my opinion though, the AUDUSD is offering buyers nice returns. There might just be ...

Order Flow - Achieving the mindset

I've looked at that thread a few times. When it comes to the term "trend" we all get confused. A trend to me is just the effect of traders taking advantage of the incentives the market is offering. If a market is giving decent returns, lot's of ...

Order Flow - Achieving the mindset

lol...thanks man.

Order Flow - Achieving the mindset

Remember also, at what price will USDTRY stop paying rollover? Do you see why "value" is kind of a fluffy idea? The risk in the pair is that rates will change and investors will pull out quickly. Other risks include governmental interventions. ...

Order Flow - Achieving the mindset

I just got mad one day and decided that if I can't approach the markets with the mind of an investor, then I don't want to trade anymore. I didn't want to game the market anymore, I wanted to trade. Once I began thinking like an investor, I realized ...

Order Flow - Achieving the mindset

USDTRY has a yield differential right now of 5.35%, If you are leveraged at only 3:1 that becomes 16.05%, 10:1...15:1.... Hmmmm. That also makes it extremely expensive to buy the pair. Get the gist?

Order Flow - Achieving the mindset

I'm doing okay for now. I'm working my way into the EURO, and into USDTRY. I see a good possibility of both trades being very nice. Even if EU doesn't raise rates next month, the EURO will continue to climb, though not as quickly.

Order Flow - Achieving the mindset

If you look at a weekly chart of AUDUSD you can see how strong the bids are--as traders take profits you can see that the market is eager to take on that open interest. Everyone wants those leveraged yields. The only downside to buying up above ...

Order Flow - Achieving the mindset