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- FXMasterSK commented Aug 21, 2015
I'm eyeing 1.145-1.15 as well. Only on a large scale squeeze should that area break. But if it does, it's just an even bigger opportunity (as long as the fundamental picture remains the same of course).
- FXMasterSK commented Aug 21, 2015
Dolamite explained it perfectly. It's more money flowing out of U/J than money flowing into the yen. Ever heard of the carry trade? You sell the currency with a lower interest rate (yen) in favor of a country with a higher interest rate or prospects ...
- FXMasterSK commented Aug 29, 2014
Then who would buy when I want to close my position? :O
- FXMasterSK commented Aug 27, 2014
Well that escalated quickly
- FXMasterSK commented Aug 23, 2014
Rtm is right. It is highly unlikely the dollar will begin a big correction phase. Major players are taking into account the strengthening recovery of the US economy and a likely chance of an interest rate hike to occur soon. They probably won't ...
- FXMasterSK commented Jun 3, 2014
Depends on what pair and what the circumstances/outlooks are for the selected currencies' economies. Some good ideas are: Long AUD/NZD Short EUR/AUD (Better watch ECB announcement Thursday for this one)
- FXMasterSK commented Jun 3, 2014
Good for you! I myself considered opening a position before the report as I'm bullish on the Australian economy, but decided to go against it due to the unknown nature of report data. If AUD falls any I'm going to long AUDNZD medium term. Either ...
- FXMasterSK commented Jun 3, 2014
That's because the data wasn't the biggest thing in play. One example is the Ukraine crisis which led to a flight to safe haven assets. The US was one country in the forefront of the Ukraine crisis, and with an unknown future and a small risk of ...
- FXMasterSK commented Feb 25, 2014
Judging because of my time of experience and my age.. Tsk tsk. Btw I never said I know how to trade after just a year. I only stated my knowledge of markets is better. And I stand by that.
- FXMasterSK commented Feb 25, 2014
So true. People tend to blow things way out of proportions. At least it gives some market participants the reason to cause large price movements, and for us it leaves some great market inefficiencies.
- FXMasterSK commented Feb 25, 2014
I have been trading for just about 1 year and 3 months now. But I know my knowledge of markets is better than a lot of people who have been doing it for much longer than that. Just because it's been a year doesn't mean I don't understand the ...
- FXMasterSK commented Feb 25, 2014
You are right and I absolutely agree with you that daily movements include a lot of normal transactions. But that is not to say that you cannot put the odds highly into your favor and with price action confirmation, make money doing so. Markets are ...
- FXMasterSK commented Feb 25, 2014
Lol I don't give a fuck what many think of me on here. Many on here, no most on here are losing traders. Why would their opinion matter? You think I come to a majority losers forum because I care what people online think of me? I come on here ...
- FXMasterSK commented Feb 25, 2014
Lol we have a name for traders like you. FF Muppets. Prove me wrong in any way and then maybe this comment will be of any value to anyone reading it.
- FXMasterSK commented Feb 25, 2014
That's fine. I didn't expect many people on here to. If you're doing well trading than there is no reason you should, but if people actually want a deep understanding of markets and learn how to really be profitable instead of using the massive ...
- FXMasterSK commented Feb 25, 2014
Not necessarily. There is no such thing as "noise" in markets. A good understanding of liquidity and market microstructure can explain all the so called noise. It's just a name given to lower time frame moves that traders can't explain. Each move ...
- FXMasterSK commented Feb 25, 2014
What else would you consider it if not a move?
- FXMasterSK commented Feb 25, 2014
I don't know for sure what happened as I am no magical all knowing Fx god and I'll admit that I could be wrong, but here is my interpretation. Before the release, sterling (GBP/USD) was making it's way up to a supply zone. As it trended up, after ...
- FXMasterSK commented Dec 11, 2013
Says you
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