Looking back over the posts made while I was slowly pecking away on my keyboard here, I noticed some entry requirements. Although it's a bit painful to calculate, to get into a trade in a major way I estimate the annualized return rate. Most ...

Gradation of stop loss

I agree with WTB that you shouldn't need big SL's. Whatever your trading style, you are eventually waiting for the pair to move in a specific direction, and personally I've learned (the hard way) it's best to wait for a confirmation signal that the ...

Gradation of stop loss

Adding in, mostly on aud/jpy. The last big tumble (in feb) took 3-4 days to complete, with a 5% drop on aud/jpy, and 8% pm nzd/jpy. No promises though, alas.... My impression is that it's working much like Eur/jpy does at times - flowing through usd ...

Aussie Pairs

Very definitely position trading, it has the highest reward/work ratio (I don't count the time spent reading economics, stats or math as work, because I find them enjoyable),,, .

Day Trading vs. Swing Trading vs. Position Trading

fumafuma - I'm curious how the Japanese see the China stockmarket, particularly Shanghai. We can't play it directly over here (I'm in Canada), but indirectly through ADR's. Also any thoughts on how it might relate to FX? Thx...

Correlations- USD>JPY-DOW, EUR/JPY Follows etc

It wouldn't surprise me to see Aud/usd continue to rise - after all, even w/o carry trades there's growing demand in Asia for Aussie commodities - and we know what China would like to pay with (hint, it's not yuan). But if you look at the basic ...

Aussie Pairs

Flooding the market with ccy would be very unproductive; they'd just have to raise rates more to mop it up, and it would destabilize their international trade relations (which are important to the health of the country). Right now they are doing the ...

Why is NZD so strong??

Seems to me that long truck in the first picture is beginning to roll back down hill...If you unload completely Bravado you might be able to buy that van Gogh, wait a little & you'll have to settle for a print....

USD/JPY Discussion

You se that big dip at the end of Feb? That was on a comment from the BoJ. Seems we've got not only comments tonight as well, but Mr. Yen himself returning from the wilderness of academia to appear on TV. Could be a rough couple of days for the ...

Daily EUR/JPY analysis

I don't know how he derives his specifically - you can get roughly the same effect using two or more BB's with the same averaging length, and setting the width on each slightly differently, for example with one to 1 deviation, the other to two, or ...

Anybody use Bollinger Bands that use fibonacci ratios??

Good analysis, SJ. Just wantd to add that relying on "regressing ot the mean" is really a rather dangerous concept in FX (or any other human activity). Check out the examples given in the Wikipedia article: url (especially the bit about Horace ...

How do you deal with currency correlation?

It's a very poor system that leaves you exposed to -32K with only 110K in capital. I don't know how the EA works, but it sounds worse than random. Just be glad you caught it before you put real money into the system. Think of it this way - if thiee ...

Need advice

Just to see the effect of a small run for the exits, here's a shot of the period immediately after the BoJ announcement that they weren't real pleased about the carry trade: url (Courtesy Pacific Exchange Rate Services, a great site run by the ...

PLEASE!! What the heck is a "Carry Trade"?

Thanks stockjay BTW, I don't normally trade NZD, I just used it as an example. But the Feb. incident is a really good example of somewhat disorderly trade unwinding; I noticed in in eur/jpy which is a pair I follow quite closely. The rapid JPY ...

PLEASE!! What the heck is a "Carry Trade"?

You're welcome, blueruby. One or two points though - usually the CB's have a mandate along the lines of keeping the money of the country stable and the maintaining monetary conditions to support an effective economy; heads don't get lopped off if ...

Why is NZD so strong??

The basic carry trade works as follows: a) borrow money at a low interest rate in one currency b) invest that money in something with a higher interest rate (but low risk) in another currency. For example, you could (the carry part) go to a Japanese ...

PLEASE!! What the heck is a "Carry Trade"?

Trading spikes is very dependent on the particularities of the market you are looking at at the moment, so it's hard to draw up workable general approaches. But that being said, here goes.... The first thing to do is get familiar with the pathology ...

Counter Spike Trading - Anyone try it like this?

They all offer "after hours" trading (essentially the market works 24 hours/day during the trading week - from roughly 20:00 GMT Sunday to the same time GMT Friday). Don't know about the w/e and holidays - I've seen a few that are open then, but the ...

after hours forex brokers

Speaking of kids; I just came across this article in the WSJ: url (I think by going through google you don't have to register...) Anyway, for those who can't get it, it's about a 14 yr. old running a professional - though still small - fund called ...

My "Holy S**t Moment"

Back when my son was around 5, we were on the ferry from Nova Scotia to Maine...I gave him 5$ so he could go buy pop or candy or anythig else he might like; he saw the slot machines and wanted to play those instead. OK, good time to let the kid ...

My "Holy S**t Moment"