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the redlion replied Mar 10, 2012i actually think markets due care what Central Banks do as it is they who control the money supply, the BOJ was threatening and shaking off the strong yen for a while till they really acted. you can't say that the market doesnt care what the FED ...
EURUSD
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the redlion replied Mar 10, 2012JPY is no longer safe heave due to the stepping in of the BOJ of devaluing the Yen, 76 was a fair value a couple of weeks ago but it was hurting exports so i think it stands at 82 or so and my guess is that the BOJ wants 100, due to the hit the ...
EURUSD
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the redlion replied Mar 10, 2012you postulate we will have a positive day on monday then? i mean Asian session only gives about 40-60 pips while Euro/America gives the rest of the pips, about 120-150 on average
EURUSD
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the redlion replied Mar 10, 2012why use fixed S/L AND T/P that makes some one very vulnerable to volatility if safety is what traders are after then buy bull spreads, or digital calls and puts, trust me you would do better. trading spot is more like investing, while digital ...
understanding trading
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the redlion replied Mar 10, 2012true.....I am blessed to have a high paying job where i do nothing but sit on my ass all night trading. so yup i can fund this 10 yrs if i have to
Why did YOU persist after years of unprofitable trading?
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the redlion replied Mar 10, 2012stick to the majors they have less spread the USD/MXN sometimes runs at 400 pip spread while the USD/CAD 3-4 pips at the most the Eur/usd at 1-2 pips all that matter in the world is the USD anyway so trade it accordingly eur/usd gbp/usd aud/usd ...
Best and total number of currency pairs?
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the redlion replied Mar 10, 2012I will share a little piece of analysis with you guys..........I am no psychic so the market will do whatever it wants but here is the plan. image you see we are in a very good situation coming from a weekend closing at 1.3120 the way I structure ...
EURUSD
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the redlion replied Mar 10, 2012no one knows shit here..........including me. including soros including paulson hell merkel doesnt know shit...............just a thought.
EURUSD
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the redlion replied Mar 9, 2012if volatility is the issue then why trade spot open a digital call option with strike of 1670 and expiry of upto the end of the day and get your payout. or better yet if you have to use stop losses then use a buy a bull spread with floor of 1670 and ...
EURUSD
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the redlion replied Mar 9, 2012in my opinion all the back testing in the world still can't foretell the future.
How much backtesting is enough?
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the redlion replied Mar 9, 2012hahahaha so true, the guru is never wrong, one must read the rules carefully lol
The life of a trading system on Forex Factory
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the redlion replied Mar 9, 2012my goal is to be a billionaire possibly the first trillionaire so I can die trying but WILL NEVER give up. up to this point in my life everything i set my mind to i achieve so i dont see why trading should be different
Why did YOU persist after years of unprofitable trading?
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the redlion replied Mar 9, 2012The USD you can long the strongest and short the weakest or just stick to one. gbp,eur,aud,nzd should move together chf,cad,jpy, should move together however be aware of individual CB, or monetary, geopolitical, macro economic situation
The easiest pairs to trade?
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the redlion replied Mar 9, 2012binaries are great once you understand the market. trading spot you have to be aware of volatility, direction, and position size. Your reward= (position size)(distance in the money), You can do this more of a general direction style of trading while ...
what do you think about event trading?
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the redlion replied Mar 6, 2012as long as you understand YOUR EGO, everyone else's is irrelevant, just like as long as YOU MAKE A PROFIT, all other traders can go bankrupt for all you care. with your profits you can help people, but IT IS ALL YOU. your signature is wrong, not ...
understanding trading
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the redlion replied Mar 6, 2012ok we will call it a truce anyway IGMARFOREX you are pretty much right, most trading books are a scam designed to reign in the sheep to shake them for all they got, and those gurus writing books are probably not successful at trading anyway.
understanding trading
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the redlion replied Mar 6, 2012swallowing an enema is not recommended MOM,Senna, or even lactulose are better choices you see the molecular composition of a fleets enema is not designed for the oral mucosa.......but who gives a shit here anyway right? however my opinion still ...
understanding trading
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the redlion replied Mar 6, 2012well my moma always says to be humble and me being full of hubris attempts but you got to forgive my occasional asshole, prick attitude, since WE ALL KNOW I AM BETTER THAN EVERYONE ANYWAY.
understanding trading