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  • Fed: With monetary policy approaching "sufficiently restrictive" level, emphasized final destination more important than funds rate itself

Added at 2:03pm

Added at 2:05pm

Quoting Vancarbon
BS market . Change the rhetoric to suit the narrative . These Fed minutes were before the 5000 point dow rally . Lots of data out next week to change the narrative The market must end positive , it's thanks giving . Patriotism at its best .
Agree but it is also not taking into account the data received since the meeting.
But it is a little "crazy" to see DJI trade at this level considering what is on the table. Been a really strong rally for some time now. Keeps going like this it might even come out positive for the year.
FUD.
Quoting Vancarbon
{quote} My advice is never trade the US markets . They take it to extremes at both ends of the spectrum . Trade weakness , buy strength Lots of indices currently showing topping action . I won't elaborate , it's self evident
I speculate short term in DJI (day/swing). Moves are so so so aggressive these days. To both sides really.
Eventually it might sink in among traders that a recession (come next year or not) is maybe not a good thing short term for the stock either.
Will the dollar be stronger or weaker with today's report?
This is a clown market
Quoting masoudja
Will the dollar be stronger or weaker with today's report?
95% of people who trade lose. I say 99%. So, 99% of people who comment here have NO idea what is going on.
Usd weak for now sell.Signal was when fed said they slow int rate hikes
Quoting danial57
{quote} 95% of people who trade lose. I say 99%. So, 99% of people who comment here have NO idea what is going on.
Daniel, the facts show 25% do win so perhaps a few here are worth reading.
Trading thin liquidity at the boundary of the charts
Quoting RickM
{quote} Daniel, the facts show 25% do win so perhaps a few here are worth reading.
According to some research less than 5% of traders do constantly win. In my experience trading is a zero-sum game for 99%.
Quoting RickM
{quote} Daniel, the facts show 25% do win so perhaps a few here are worth reading.
seriously lol. 25% win - lol How many traders make year over year repeatedly? very few
I consider making money for a year or two as nothing - 10 years minimum is a more realistic view - how many are still making money after 10 years - 1% at most. 99% wil lose money in forex over the longer term
And yes i make money in the markets - been trading for 16 years to pay my bills - very few make 10 years plus making money to pay their bills - the secret is to trade a better market - share markets are where to make money longer term
Quoting Steven1
{quote} seriously lol. 25% win - lol How many traders make year over year repeatedly? very few I consider making money for a year or two as nothing - 10 years minimum is a more realistic view - how many are still making money after 10 years - 1% at most. 99% wil lose money in forex over the longer term And yes i make money in the markets - been trading for 16 years to pay my bills - very few make 10 years plus making money to pay their bills - the secret is to trade a better market - share markets are where to make money longer term
There is at least one in here ((:
Quoting danial57
{quote} According to some research less than 5% of traders do constantly win. In my experience trading is a zero-sum game for 99%.
I would say that the money from the 99% end up in the pockets of the brokers and the 1%.

Its interesting that 95% of CFD traders have more winning trades than losing trades. But the majority of the 95% dont understand that trading is a mind game and they need to work on their mental strength rather than on exit and entry strategies. Therefore their losses are bigger than their winners.

I have "mentored" a couple of novices and they have one thing in common. First question is about entry points. But what matters is how you act once the trade is on. People dont understand that.
Quoting Banditten
{quote} There is at least one in here ((:
Lol, We are proud of you!
You are 100% correct. I still believe that trading is like an art. You can make millions out of thin air. BUT, there are not alot of da Vincis out there!

Cheers!
Quoting danial57
{quote} Lol, We are proud of you! You are 100% correct. I still believe that trading is like an art. You can make millions out of thin air. BUT, there are not alot of da Vincis out there! Cheers!
Didnt say it was me (: But great to hear you are proud.

Like I have said many times and coming back to your first comment. Nobody should take a position because of what they read on FF. Its a nice forum for chit chat and exchange of opinions but be mindful of advice given in here (:
Daniel, get your facts correct. The whole idea is to make traders think only 5% of traders are profitable to entice people trade. Everyone wants to be in the 5% club so its all a trick.

Here are the results published by Brokers in % of profitable accounts (a snapshot)
This isn't new results but perhaps still similar.

The best is Oanda with 38% of profitable traders on their books
FXCM is 27%
Worst one is Advanced Markets at 16%
Average is around 25%

Can't you see what they are doing, making you think your special if your'e profitable - when infact your only above average.
Trading thin liquidity at the boundary of the charts
Quoting RickM
Daniel, get your facts correct. The whole idea is to make traders think only 5% of traders are profitable to entice people trade. Everyone wants to be in the 5% club so its all a trick. Here are the results published by Brokers in % of profitable accounts (a snapshot) This isn't new results but perhaps still similar. The best is Oanda with 38% of profitable traders on their books FXCM is 27% Worst one is Advanced Markets at 16% Average is around 25% Can't you see what they are doing, making you think your special if your'e profitable - when infact...
Interesting! Thank you for sharing this with us.
Quoting RickM
Daniel, get your facts correct. The whole idea is to make traders think only 5% of traders are profitable to entice people trade. Everyone wants to be in the 5% club so its all a trick. Here are the results published by Brokers in % of profitable accounts (a snapshot) This isn't new results but perhaps still similar. The best is Oanda with 38% of profitable traders on their books FXCM is 27% Worst one is Advanced Markets at 16% Average is around 25% Can't you see what they are doing, making you think your special if your'e profitable - when infact...
One big problem with those results - if a trader makes one dollar in profit they are considered to be profitable - to me making anything less than 50K a year is a losing trader - if a trader puts in a 2000 hours to trade for the year but only makes $1000 than they made only 50 cents a hour - to me that is a losing trader - crazy stuff. A successful trader is someone who can make enough to pay their bills solely from trading - how many made 50K plus a year from those brokerages??? 1% i BET - that is the true odds of success
I think your'e being a bit tough, most traders on Forex Factory are Retiree's or workers who trade part time just to earn a few extra dollars a week to make their family's life just a bit better. Those people are not losers but enjoying earning enough to pay for a nice dinner at night and perhaps get lucky that night.
Good on them.
The average professional trader makes at best 5% increase in equity per month and thats about it. Thats the average over a year coming out of prop firms ( not funded props ) so the real problem for most traders is equity size. Now if we just select traders who trade accounts larger than a $100K account and review their results - thats a better yardstick than using some retiree who trades a $1000 account.
Trading thin liquidity at the boundary of the charts
Quoting RickM
I think your'e being a bit tough, most traders on Forex Factory are Retiree's or workers who trade part time just to earn a few extra dollars a week to make their family's life just a bit better. Those people are not losers but enjoying earning enough to pay for a nice dinner at night and perhaps get lucky that night. Good on them. The average professional trader makes at best 5% increase in equity per month and thats about it. Thats the average over a year coming out of prop firms ( not funded props ) so the real problem for most traders...
Whi trades while on a date?
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