As a trader, I am not in the business of explaining/rationalizing why the price moved that way or that way and not that way. I really, really do not care at all about the WHY (which is the fundamental approach), it is a complete and total waste of ...

someone PLEASE explain this market to me

Oh, so now every hedge fund manager has a PhD in economics, interesting. By the way, the salary of the average fund manager is about $150,000 a year. So it would take him what, about 750 years to make a billion, assuming he does not spend a dime in ...

someone PLEASE explain this market to me

Sure, that's why professors in economics are all billionaires.

someone PLEASE explain this market to me

Excuse me?

USD/JPY Discussion

I would go even further Eagle4X, fundamental analysis is totally worthless, everything we need to know is already reflected in the price, end of story. Fundamental "analysis" can, at best, explain the past.

someone PLEASE explain this market to me

And...touchdown! 77.15, time to ring the cash register again, ahhhhh the sound of sweet money, thanks again Mr YEN, time to dance the macarena now video

USD/JPY Discussion

Very good, you have just described how losers trade.

someone PLEASE explain this market to me

In trading never anticipate anything, always trade what you see right now on the chart, not what you expect the market to do.

someone PLEASE explain this market to me

It could be true. Or it could be a BOJ bluff, just like in Poker. Either way I only trade what I see on the chart, right here right now.

USD/JPY Discussion

Hahahahaha, so that's what this thread was all about, Larry Williams the con artist. For years this guy kept sending me junk mail about his super duper $197 commodity trading system (google for Larry Williams scam) or read this article for ...

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

Japan Money Stock report is due in 20 minutes, not a big mover though but we never know.

USD/JPY Discussion

But of course my friend The NZD/JPY is also going down fast, 300 pip move since yesterday, not bad.

USD/JPY Discussion

Come on boy, hit that 77.15 so I can open that bottle of Champagne, come on Yen, you can do it, 77.15, piece of cake

USD/JPY Discussion

Oh boy. I give up.

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

Thank you for your participation and your kind words Jag1966, you really are a true asset to this Forex forum.

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

Again you do not get it Allan, the question is NOT : "if the price of a stock/currency/commodity is $20 right now, what is its probability of reaching $19 before reaching $21?" The REAL question is : If the price made a $1 move up/down (ALREADY), ...

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

Well, you can still buy FXCM shares if you like, the biggest retail Forex broker in the world I believe. The stock is down almost 40% since January but hey, you might get lucky: url

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

The expression "go up or down" is vague and has absolutely no mathematical or statistical meaning, Allan. Again, go back to the year 2000 (nothing to do with that crazy Conan O'Brian Show ) and each time the Euro/USD or any other currency pair ...

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

2:10 PM in Tokyo and still no (alleged) Bank Of Japan intervention, the short traders (me included) are still in control...

USD/JPY Discussion