A while back I ran a $300 account at oanda up to around $2700 in the course of a year. I then lost most of it. How it happened was I got a bad case of "gotta make it all back". I lost 300 then scaled up my trades and doubled down on losing trades ...

String of losers....

What I was trying to say is that the statement will come out more dovish than expcted ie. it will focus on worries in the housing market and recent market decline (alhtough that wasn't really a big drop at all) and have less of an inflation bias. ...

FX News Trading For The Week Of 3/19

It's just that the correlation bewteen yen and equities has been really high. Like newstrader said, compare the SnP and gbpjpy charts. People are borrowing yen to leverage into equities.

Subprime Worries

I'm thinking good old eurusd will be the best play (maybe gbpusd). A fed cut would be postitve for equity markets and right now the inverse relationship between equities and the yen is really strong. That negates the usdjpy short. The eurozone ...

Subprime Worries

Like the others have said: it's good to read your opinions again. The correlation between the yen the global markets has been very high which cements the case for those with the view that people have been using yen to finance leveraged stock ...

FX News Trading For The Week Of 3/19

Jose, I actually agree with a lot of what you post. I just don't get why you post it in such an agressive/egomanical way. What is your motivation for posting here?

Today's news - I don't get it!

I'm not really sure banks make fortunes trading forex. As far as I know their main trading edge lies in thier orderbook. They know when their clients want to get in and which way the orderbook is stacked. I was under the impression that banks do a ...

Banks analysis

Tripple witching may be part of the reason for the broad-based dollar sell off. But that's just the problem. The sell off was clear dollar weakness, have a look at Dow theory and you'll see that this move was confirmed across the board. What's even ...

EURUSD

I don't really rely on techs but as far as I know for techs to work, the market has to be non-random ie. exploiting patterns that repeat themselves in price action. It seems to me you have a really huge ego.

Today's news - I don't get it!

I'm long at 640.

Gold Discussion

It's good to see someone is thinking outside the box. You could say I trade on intuition. I look at everything that's going on - news, price action, fundamentals, sentiment - and then form an opinion. Sometimes I'll just know the move underway is ...

trading on instinct?

Down to 1712 now. jpy was also a big loser today;cadjpy was just flying.

CAD Employment

Both euro and cable have recovered after the interest rate statements and cable after IP. I'd say dollars are being sold.

Cable Update (GBPUSD)

The expected is 8k. So either cad lost jobs (unlikely) or didn't really create any (8k is nothing). The surprise side here could be higher jobs numbers. I'm short usdcad at 1775

CAD Employment

That's not what it means. If large market players are aquiring euro's for instance and price moves higher into the release it just shows that there are buyers there, regardless of the news. Infact they will probably use the liquidity provided by the ...

Cable Update (GBPUSD)

Watch what happens in the time between Industrial Production and NFP. If the price recovers after the worse-than-expected number, NFP could lead to higher prices. If not, well then the case for a move south looks pretty strong. I'm still thinking ...

Cable Update (GBPUSD)

I'm interested where do I sign up?

Success!: using Metatrader to chart lots of things!

A bad figure would mean the eurusd should go higher but you're right, the revision rabbit may be pulled out of the hat. We'll probably go sideways from now until tomorrow.

Cable Update (GBPUSD)