As long as you think Forex is crooked you should not trade real money. Good luck on finding a market that is "fair." And by fair I think that means they let you take money from them. If you've ever traded options, you traded against a market maker ...

Is it possible to consistently win at Forex trading?

What are you current calculations for the credit recieved for the GBPJPY and debit paid for the EURJPY? What is the average daily move for the GBPJPY vs. the EURJPY? Does your broker give you the entire credit or do they keep a little for ...

hedging quistion

Nothing could be further from the truth. It doesn't matter to me what you chose but don't do it for the wrong reasons. A "market" is made by someone who trades against you and presumably has more capital than you. Someone always takes the other side ...

Dealing Desk - what does it mean

While I don't believe in signal services, I don't see how it's fair to the providers that you filter their signals and then assign the results to their service. If you think you can do better than them then start your own. I would argue that it ...

Mouteki Alert Service Trades

Learn to trade! Visit websites such as the one recommended and read a couple good books on trading and trading psychology. Find a mentor if you have too. Starting out by relying on a newsletter and someone else's ideas will only make you dependant ...

Any Good newsletter

The virtues of a dealing desk and non-dealing desk have been debated on this forum at length. Quite simply, a NDD is a brokerage arrangement where the broker passes your trade on to "the market" rather than taking the other side of your position as ...

Dealing Desk - what does it mean

The DJIA is within 400 points of its all time high. The GBPJPY has climbed over 600 pips in just over a week. Maybe the sky isn't falling after all.

Is This The End of the Yen Carry Trade?

I'll take you up on that one. You make some interesting points. As far as the housing decline everyone acts like it was a giant surprise. The week prior to last the DJIA was up 282 points in a single day. It set record highs as it closed above ...

Is This The End of the Yen Carry Trade?

On a percentage basis, as you suggested, yes, they are equal.

Is This The End of the Yen Carry Trade?

You are the one that suggested that it be calculated in terms of percent, not me. The formula for calculating percentages is in my second grade math book. Unfortunatley, I had to turn it in at the end of the school year. Here's a calculator for you: ...

Is This The End of the Yen Carry Trade?

Far more overbought? How do you compare the relative "overboughtness" between currency pairs? In terms of overall % the GBPJPY is off 4.5% from yearly highs while the USDJPY is off 4.4%. Mathematically, that is not well ahead of the pack as you ...

Is This The End of the Yen Carry Trade?

If countries outside of the US have more optimistic rate differentials why would they drop twice as much as the USDJPY?

Is This The End of the Yen Carry Trade?

A synthetically created GBPJPY is a long GBPUSD and a long USDJPY. The USD cancels out (think of the pairs like fractions [GBP divided by USD] multiplied by [USD divided by JPY]) and you are left with the GBPJPY. Buying or unwinding does involve the ...

Is This The End of the Yen Carry Trade?

when you go long the GBPJPY you are borrowing Yen to buy Pounds. The USD has very little to do with that. I know it sounds crazy to some but there are actually currency transacations that don't involve the USD.

Is This The End of the Yen Carry Trade?

Good news! You don't have to bet us...put your money in the market. Someone always takes the other side.

Is This The End of the Yen Carry Trade?

I'm not sure how you equate the US housing market woes to non-USD (cross) currency pairs. This pullback isn't any worse than the last few that have occured. This will be about the 5th time in recent history that fools have rushed in and declared the ...

Is This The End of the Yen Carry Trade?

You should be able to optimize on fitness functions other than profit. This will "steer" your results in a particular direction. For example, you might get a better curve with a fitness function of netprofit/drawdown or netprofit/trade or ...

Optimisation of a system issue

It would be even more useful if you learned to do your own analysis rather than rely upon the opinions of others for your trading decisions. Everyone has the right idea after the fact. You just need to generate a reason which fits the results. In ...

Analyze the News events

I hate to break it to you but one of the first steps of developing an automated system is an in-depth knowledge of the indicators you are using. If you don't have the time and patience now, you're not going to have it when developing a system. In my ...

Are there any automated trading systems?

Lao Tzu, a 5th century BC Chinese philosopher said "Those who have knowledge don't predict. Those who predict, don't have knowledge."

Technical analysts are very confused