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Rag2RichesFX replied Jan 21, 2016AUDJPY bottom is in
most likely headed to 83.30 area next.. of course some corrections along the way but it's practically guaranteedEURUSD
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Rag2RichesFX replied Jan 21, 2016Added back longs, 0860 target edit: closed... no follow through
EURUSD
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Rag2RichesFX replied Jan 21, 2016well done as usual Max, got in at 0792. that stop run under 0778 was ideal entry as most had already entered and put SL directly under 0778. often if it's placed 5+ pips under low it won't be hit. most place it 1 pip under low and they lose out on ...
EURUSD
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Rag2RichesFX replied Jan 21, 2016Draghi said will possibly reassess policy at next meeting, inflation too low. Market interprets this as a chance for MOAR QE Same as October 2015 conference which prompted the 6 week EU bear.... Then he disappointed at December conference. If he ...
EURUSD
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Rag2RichesFX replied Jan 17, 2016I asked legitimate questions such as how he perform his "stop hunts" He must have put me on ignore a while ago when I bitched him out Dude must be delusional if he believes he can stop hunt by himself. Thats a collaborative effort by smart money who ...
Is anyone here an institutional trader?
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Rag2RichesFX replied Jan 17, 2016You can't read, that's the problem. Where did I ever say FX was centralized? I said only centralized markets do not cross the spread. FX is not centralized, and that's why I said "this is only the case with FX" because obviously it's not ...
Is anyone here an institutional trader?
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Rag2RichesFX replied Jan 17, 2016I can tell by your attitude you make no money. I never said the market wouldn't exist without retail. I said our orders matter to liquidity. It's not like we are trading in demo and make no impact. Occasionally my limit orders get positive price ...
Is anyone here an institutional trader?
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Rag2RichesFX replied Jan 17, 2016An institution starts with an individual. You could start one if you wanted It doesn't seem realistic that a retail broker would offer 50:1 to someone with a 10 mil balance. Unless that account had other funds in bank accounts that were committed to ...
Is anyone here an institutional trader?
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Rag2RichesFX replied Jan 17, 2016i also knew 120 was a short and hold... sometimes we just don't have confidence to pull trigger i see at least 112, next good bounce I get in short AUDJPY was the big one though, should be headed to 75 or lower at least I caught short on S&P 2050 ...
Cable Update (GBPUSD)
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Rag2RichesFX replied Jan 17, 2016Thats why you close last hour of Friday if it's a short term trade especially.
EURUSD
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Rag2RichesFX replied Jan 17, 2016USDCAD is starting to look like the Ruble Could do 1.60 no problem. If you think about it fundamentally, Canada never should have been anywhere near parity with US Hard to believe at one time CAD was worth more than USD
USD/CAD
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Rag2RichesFX replied Jan 17, 2016Me either, XE is what I use too. But I don't think banks trade much over the weekends either, unless it is an emergency. Otherwise price would gap more often and would gap by a larger amount.
USD/CAD
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Rag2RichesFX replied Jan 17, 2016This is true but XE doesn't show all of the activity over the weekend. It only shows a few hours before and after retail market close
USD/CAD
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Rag2RichesFX replied Jan 17, 2016In futures and cash stock trading this is not the case. Only in retail FX, a limit order isn't a true limit order? But a trigger to enter market order? So we can never be true providers of liquidity, only takers of liquidity? Perhaps I'll open an ...
Is anyone here an institutional trader?
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Rag2RichesFX replied Jan 17, 2016yes exactly, what I was basically saying is that our orders do make a difference. we aren't artificial liquidity as some people say
Is Forex trading worth it? If so, why?
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Rag2RichesFX replied Jan 15, 2016It will break 1060 this month, I'm holding for 1255 as has been the plan 1700/0520 mofu
EURUSD