I would agree that a consistently stronger dollar might cause a correction in the markets, but they will not tumble overnight because of it, just as the dollar will not gain strength instantenously. Furthermore (and this is not to throw in any ...

How does Dow down make dollar go up?

I would like to know who is flinging "the usual G7" crap, and where I can read about it (preferably, as it is happens). Also, I would like to fling a heavy object at that person. The resulting psychotic volatility over the past few days has cost me ...

Aussie Pairs

Perhaps that's partly it, but it would appear that aussie pairs were affected the worst by it - if I'm not mistaken, Australia's not even part of G7.

Aussie Pairs

The only explanation I would accept is a nuclear explosion in Australia or something of similar magnitude.

Aussie Pairs

It sounds to me like this Peter dude is in the panic mode. Look - sure, there's a huge trade and budget deficit, but the fact is - lately the U.S. equity markets have seen strongest gains in many years, the Dow is at the highest levels ever, and the ...

Aussie Pairs

In the last six weeks AU has risen some 1300 pips. How can anyone still want to be long after an insane run like this? If the Fed doesn't drop the interest rate this month... watch out.

Aussie Pairs

Regarding my previous post - a couple of things. The market data reset times I mentioned are actually my local timezone which is GMT-8 (PST), not EST. And there's one other thing - their software makes you pick the time of day for mandatory logoff; ...

Interactive Brokers - experiences and opinions

You can have an account balance lower than your initial deposit minimum, obviously. But there's a catch: because IB allows you to trade lots of different marginable security classes, they mandate that your total equity + margin collateral >= $2000, ...

Interactive Brokers - experiences and opinions

Retail sales number came in at 0.7% vs 0.3% expected - big positive surprise.

Aussie Pairs

Is anyone even long on AU right now? Is it insane to be? It looks like nobody's buying it anymore - the chart is all red bars...

Aussie Pairs

... or down 150. I couldn't sleep too well having that in the back of my mind.

Change a losing system into a Winning system

Let me share what I've learned in the past few weeks of trading here about losing trades, reversals and risk tolerance. Basically, in the majority of cases, barring some catastrophic liquidity depleting event (similar to what happened with USD in ...

Change a losing system into a Winning system

Clarification: in the case above I was referring to using trailing stops to open a position.

Trailing Entries & Trailing Stops?

I only have two things to say about trailing entries and stops: 1. Trailing entries are very risky and should generally be avoided. The reason for this is fairly obvious - say you notice the price trending up and up and up, and you figure "hey, why ...

Trailing Entries & Trailing Stops?

Here's my take on trading without stop losses. If you ever find yourself well under water in a given position, with losses growing by the minute, the sooner you realize that you're in the path of an avalanche, the easier it will be for you to dig ...

Drawdown or Stop Loss

Let me get this straight - you are asking whether there is a system that guarantees long-term profits without human participation or even understanding of how it works? Hmm, let's see... I'll go out on a limb and say no.

Profitable trading systems, which are 100% mechanical?

Can somebody explain what just happened to aud/usd? It's up 85 pips since 16:30 EST, yet there have been no significant news stories or releases... this is crazy.

Aussie Pairs

wow, now that I got out, I must say - this is one violent puppy! good thing I did get out.

USD/JPY Discussion

That's it - I'm not trading this asshole pair for a while. All it has brought me lately is aggravation and damage to my self-esteem. Gonna go with aud/usd - better leverage (my base is usd), and a smoother ride.

USD/JPY Discussion