Yes sir im definitely enjoying this PA, I bought some more e/j as well on the US close. Glad to see you got a great entry as well hopefully we get a serious break to the upside in the next couple of sessions this has been a fairly long consolidation ...

USD/JPY Discussion

Long-term wider stops lower leverage & getting involved on levels that I feel have meaning, i scale in & out of everything & add in when i see what i like. I pay attention to the bigger picture, read news, I watch indices, futures & bond markets & ...

Aussie Trading Room and Cartoons Gallery

One more thing its not 95% that fail is more like 70/75% this is true on the institutional level as well.

Aussie Trading Room and Cartoons Gallery

The majority of retailers fail because they are over leveraged & under funded, same with a lot of hedge funds. Trying to pick tops & bottoms will blow you out no matter what size you are. Hint hint MF Global. Corzine was right on his idea & trade ...

Aussie Trading Room and Cartoons Gallery

To many retailers have this idea in there head there's some big conspiracy theory the big guys are out to get them. Get that nonsense out of your head its all number mainly R:R nothing more. & yes maximmm 3% is a very expensive price to ...

Aussie Trading Room and Cartoons Gallery

Maybe this will help you out, notice how fast & far the moves are off that level. It's not a coincidence. I don't doubt the A$ is topping out but it's still not there yet. I've said this before the big guys layer in to hind there hands from other ...

Aussie Trading Room and Cartoons Gallery

Shorting any of these crosses before the elections & fiscal cliff is out of the way is very dangerous.

GBP/JPY

Been in this one for days adding on all the dips & looking to hold going into the elections, obviously booking profits along the way

USD/JPY Discussion

I disagree I think you are totally giving the retail market way to much weight as a presence in the market. Retail money is bs & scraps in the fx market. Hammering retailers is not nearly enough money for these big banks to profit, they need to ...

Aussie Trading Room and Cartoons Gallery

There is not as much short term algo trading in the fx markets, the spreads are way to high for that & volatility will crush algos and there's no rebates. Majority of algo trading is done on very thick heavy volume instruments that barely move & ...

Aussie Trading Room and Cartoons Gallery

I bought more of this on today's close.

EUR/JPY Trading Room

Another thing people fail to realize about the fundies is that the large players have massive research teams that are doing all there homework ahead of all the news that's published & by the time the actual release comes its been priced in already ...

Aussie Trading Room and Cartoons Gallery

It's all about R:R for the big guys controlling the markets & shorting this pair is still very expensive from these levels where R:R isn't that attractive for them longer term. Even a 700 pip drop factoring the range they need for entries & exits & ...

Aussie Trading Room and Cartoons Gallery

Gotta love December trading....

Aussie Trading Room and Cartoons Gallery

image This looks like any interesting area.

EUR/AUD

image

USD/JPY Discussion

image Million dollar question. Which way will she break? I'm favoring to the upside.

GBP/JPY

8:1 not to shabby at all. I'm looking to unload some around the same area myself. I always try to carve out pieces along the way so if the trade goes against me in the end if a I take a loss it's very minimal.

USD/JPY Discussion

This looks like a beautiful multi day consolidation pattern to me on the dailys. Whether it breaks to the upside or downside only time will tell but R:R is definitely there for a move to the upside.

USD/JPY Discussion