Empty your mind and let the market guide you
Trade the price action along with the trend 89 replies
Frosty's '$2,000 to $60,000 in 12 Months' Challenge. Care to follow along? 43 replies
Sunny Go Pirate Boat 159 replies
Pairs to watch along with eur/usd 7 replies
Following Weekly Trend Along daily and fine tunning in 4 H 14 replies
DislikedHi Anthony! I figured out the topic a bit (50 pages so far) Look, please, did I correctly identify the zones? Cheers Michael {image} {image}Ignored
Disliked{quote} Hi Michael I'm currently sitting in a stop over hotel in Melbourne on route to Tokyo. So I'll be away from my charts for the next 3 weeks. It looks like you've got some zones marked. I prefer just to use my lines but I'm never going to tell anyone how they should see the market. Remember I'm still very much a beginner at all of this. Cheers AnthonyIgnored
DislikedWell another serendipitous moment has come for me. Since coming to Japan last week for my annual holiday to visit family I've been blessed again by learning that completely unaware to me up until now one of my extended family members operates on quite a significant level on a wholesale currency dealing desk with a major Japanese bank.
The family is setting up a meeting tomorrow for me to have lunch and chat so rather excited about this just to learn as much as I can.
Cheers AnthonyIgnored
Disliked• It turns out that one of the safest places for me to be trading as a retail trader is the "overbought/oversold" zones as the dealing desks almost always have to trade in value areas mostly in the "middle" area as they fill/release massive orders.Ignored
Disliked{quote} I learnt that years ago when the fx department CEO of a Singapore bank explained their operations. That got me to understand this concept of market valuation of the underlying asset, that has been my conceptual base which is the determination of assets fair value that the market trades around it under the watchful eye of the central bank who manages the rate as one of the main levers of the local economy.Ignored
DislikedHere were a few quick points to note down in my journal from yesterday's meeting with my cousin. First up she thought it was quite "funny" (whole meeting was in Japanese so some words take on different meanings) that I was starting out trying to become a fulltime retail forex trader. • Until I'm trading at least a five figure account and I'm consistently managing all aspects of risk and the account's monthly return is averaging equal to or slightly better than a major index the only thing I should be worrying about is how to achieve the above. •...Ignored
Disliked{quote} hi Anthony, always fascinating to chat with others and learn a few things. keep asking questions, and how the answers tie into what you are doing. of course it is also important to understand where the other party stands; in case of bankers, she has lots of luxury what you dont as a retail trader, the most important perhaps is a salary!! ( and make sure that fully sinks in! lol) cheers ZoltanIgnored
Disliked{quote} Very true!! That's why one "cheeky" future question I will definitely be asking is, "How do I get funded in Japan? Once I've got that slick track record down of course.Ignored
Disliked{quote} i think if you ask your relative about it, soon it will emerge that all you would really need in Japan is more than likely to be ranking high in your famous uni's class, and/or know the right person who recommend you into the program.Ignored
DislikedHi Anthony! Please tell me where to get the ADR indicator and what is its meaning? Cheers MichaelIgnored
DislikedHi Anthony! Please tell me where to get the ADR indicator and what is its meaning? Cheers MichaelIgnored
Disliked{quote} hi Michael, perhaps this simple ADR indi could help you out until you find a better one. cheers Zoltan {file}Ignored
Disliked{quote} Very true!! That's why one "cheeky" future question I will definitely be asking is, "How do I get funded in Japan? Once I've got that slick track record down of course.Ignored