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PipTrapper replied Dec 3, 2013I would say that if you're going to make assumptions in this business, especially when it comes to survey data, you're setting yourself up for disappointment.
Cable Update (GBPUSD)
- PipTrapper replied Dec 3, 2013
"The study shows that retail traders buy in advance of price increases and sell in advance of price decreases that occur over the next month." We already know that. The retail traders are premature (early) in their executions, and in the majority of ...
The Club!
- PipTrapper replied Dec 3, 2013
...which are clients of Dukascopy. This means they are large retail... not market makers.
The Club!
- PipTrapper replied Dec 3, 2013
Fed's Williams in comments to Reuters - Would be disappointed if QE3 didn’t end in 2014. - Would not lower the unemployment thresholds. - Fed should cap QE3 and end it over a period of months once completely confident job market is on right track. - ...
EurAnalysis
- PipTrapper replied Dec 3, 2013
Perfect. I didn't realize it was retail crowd positioning. Thank as always for your response. I particularly like the part about 1/3 from single malt
The Club!
- PipTrapper replied Dec 3, 2013
Yes retailers are sometimes right... and it looks like they are selling the rallies again. I guess that means the market makers have them chasing their own tails... or perhaps this is normal in a ranging market. image
EURUSD
- PipTrapper replied Dec 3, 2013
Can you explain how the sentiment index is derived? I like to know what's in my sausage before I decide if I want to eat it.
The Club!
- PipTrapper replied Dec 3, 2013
It's okay. Bears prefer running uphill.
image image Something to remember if you ever get chased by a bear on one of your future hiking expeditions The Club!
- PipTrapper commented Dec 3, 2013
If this is a regular occurrence with your trades, then I respectfully suggest that you closely examine your money management system. If you are going to trade without a stop loss, then you might want to choose a lot size that allows for a 5000 pip ...
3 Common Hurdles New Forex Traders Often Encounter
- PipTrapper commented Dec 3, 2013
Although I was still a very young child when that company collapsed, because I had one of their products (my first bicycle) I specifically recall the event and it was touted at the time that the company failed because their products never needed to ...
Americans Long Overdue to Replace JFK-Era Durable Goods
- PipTrapper replied Dec 3, 2013
Added another full lot long Dow Jones US Dollar Index at 10611 image
EurAnalysis
- PipTrapper replied Dec 3, 2013
Added another full lot long Dow Jones US Dollar Index at 10611 image
The Club!
- PipTrapper commented Dec 3, 2013
Well yes, but a certain degree of balls is required in trading any instrument... not just FX. I invite you to try trading soft commodity futures and see how that feels.
Anyway, I think the size of balls required for trading is more related to the ...3 Common Hurdles New Forex Traders Often Encounter
- PipTrapper replied Dec 3, 2013
Detroit eligible for bankruptcy protection: Judge url image image
EurAnalysis
- PipTrapper commented Dec 3, 2013
That is precisely it. Not everyone can trade FX with a reasonable degree of success. It takes a certain knack. One of the many differences between FX and other instruments is the fact that the trader is placed in a position where he / she has to ...
3 Common Hurdles New Forex Traders Often Encounter
- PipTrapper replied Dec 3, 2013
We are already at resistance area. Current resistance line is 1.3599 Next resistance line is 1.3620 and the next after that is 1.3630 That's my view. According to VSA rules, 1.3600 is a definite short. For how many pips is always a question. image
The Club!
- PipTrapper commented Dec 3, 2013
If I recall correctly, Triang, the manufacturer of bicycles and other excellent quality toys collapsed in 1971 because their products never broke and were therefore never replaced by newer models. Isn't that (amongst other reasons) why obsolescence ...
Americans Long Overdue to Replace JFK-Era Durable Goods