This just in : Japan will intervene . We just learned that officials in Tokyo announced that they will definitely intervene and buy more... Raid insecticides if the mosquitoes keep bothering them

USD/JPY Discussion

Oh, is that so Doctor Freud?

Where is the EDGE in trading? The most important thing in trading!

Not necessarily Price, if you are a swing trader and only trade once or twice a month (and your stop/take profit are in place), you will be left with plenty of time to spend with your family. Of course the hardest part is to stay away from the ...

Where is the EDGE in trading? The most important thing in trading!

...Or they could be having sake and whiskey with a few Geisha in Tokyo Red-Light district right now, and not even thinking about some hypothetical intervention

USD/JPY Discussion

Good call Jag1966, you used two excellent price action tools on this trade : 1: the excellent lower-high lower-low principle. This pattern must necessarily precede any potential downtrend. 2: the change of polarity principle, when support becomes ...

Where is the EDGE in trading? The most important thing in trading!

Obviously Reres does not even know that they are 2 types of drawdowns, the first one relates directly to the trader starting capital, and then there is the maximum drawdown, which is simply the largest drop in equity from a peak to a bottom in a ...

Where is the EDGE in trading? The most important thing in trading!

When and IF BOJ intervenes again, it will be all over the map, we will all see a huge wide range bar (on the hourly charts for example) and if there is some follow-through then we can start thinking about buying USD/JPY, it is that simple, there is ...

USD/JPY Discussion

Relax Cindy, just kidding

Where is the EDGE in trading? The most important thing in trading!

The "real market", eh? Oh I like that agent Mulder, sure, sure, the truth is out there.... video

Where is the EDGE in trading? The most important thing in trading!

Let us guess Goat, you just lost 219 pips today on some unproven, untested "system" and you just want to let some steam out, right?

someone PLEASE explain this market to me

No they won't, confronted to the same situation people will react the same way over and over again. For example throw a snake in a crowded restaurant and 100% of the time people will scream and run for the nearest exit. And that's precisely that ...

Where is the EDGE in trading? The most important thing in trading!

Very good post my friend, nice and to the point, I will answer it very soon I promise, right now I am watching the GBP/CAD, I shorted this pair around 8 AM (NY time) and I am waiting for the right exit point to collect my profits.

someone PLEASE explain this market to me

No, in this backtest (and other backtests) as soon as we have a signal we simply buy/sell on the next day open, there is no "repaintaing" of any kind. Same thing could be said for exponential moving averages and other TA indicators.

Where is the EDGE in trading? The most important thing in trading!

So according to Reres, Bollinger bands (BB) and other TA indicators are just crap and we cannot make money with them. Ok, then let's put them to the test and see if Reres is right... We will sell when the price touches the lower Bollinger Band and ...

Where is the EDGE in trading? The most important thing in trading!

When you mix Fundamentals with TA you only create confusion and indecision. Fundamentals = This and that "should" happen because according to blah... blah... blah... TA = This is what IS happening right now, jump aboard and make money. You could ...

someone PLEASE explain this market to me

Then I will take my (small) loss and look/wait for another trading opportunity (or even close and reverse the trade if I have a green light), simple as that.

someone PLEASE explain this market to me

Carry-trading works. Until a huge 13,000 pip correction wipes out all your profits, traders who carry-traded the GBP/JPY in 2007 know what I am talking about. Long-Term Capital Management (LTCM) lost nearly 5 billions playing that game. Sure, short ...

Where is the EDGE in trading? The most important thing in trading!

Probably because NOW he is using technical analysis only

someone PLEASE explain this market to me

I know, but like I said in a previous thread, Soros also used his "judgment" and lost Billions betting against the Euro and other currencies. And during all that time, a simple moving average could have prevented those catastrophic losses.

someone PLEASE explain this market to me

You are welcome. The minute the trader tries to "predict" anything he is finished. A trading system does not predict, it simply exploits a statistical bias, just like a BlackJack card counter does not try to predict the value of the next card, he is ...

someone PLEASE explain this market to me