DislikedRe-read laidi's book and feel smarter . that victor fellow's books, are they any good for economics?Ignored
Maybe you can ask Astellas when he is finished with the book to see if it's good or not.
-Razorjack
Medium & Long Term ONLY 390 replies
My Medium Term (5-15 min) BO Trading Journal 29 replies
How do you test if the pair is in a medium/long term trend? 2 replies
US equities medium-long term outlook 1 reply
Short Term / Medium Term / Long Term? 3 replies
DislikedDear Razor ,
may i know what you look for in the commitment of trader report?
is it you look at the position of commerical ?
i.e. when its position reaches near extreme level and turns,
mkt will change direction for months too?
thank you for your reply.Ignored
DislikedI think it's very good.
Maybe you can ask Astellas when he is finished with the book to see if it's good or not.Ignored
DislikedSo far I am about half way through Victor Sperandeo's 1993 book entitled ‘Methods of a Wall Street Master’. I was concerned that the book might be a little dated but so far this has not been the case. This is because Victor is more into discussing human psychology and how and why that brings about an economy. Of course human psychology doesn’t change so therefore the ideas and information presented in the book, so far, are timeless.
[color=#333333][font=Arial]The book is by no means a light read though...Ignored
Disliked
I'll first look for AUDUSD to go below 0.87, possibly even down to 0.85 or lower depending on fundamental development. Once the medium term fundamentals line up I'll then look for medium term exhaustion points in AUDUSD and AUDJPY, before going long on AUDJPY. I'm also looking into EURAUD and AUDUSD, depending on how the EuroZone and US fundamentals develop.
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DislikedHi guys, I realy like this thread and especially Razorjack's posts. I learn lot's of new stuff. I even read books that were recommended here.
I'll try to help to solve your scenarios :]
Scenario 1: AUDJPY and AUDUSD continue downwards. But markets move back into risk appetite and all the other currencies are strengthening against the USD and JPY.
So I think it must something bad to happen in Australia with regard to it's economy (or they have to lower...Ignored
DislikedGreat questions, Astellas. This is exactly what you should be asking in order to start anticipating market swings.
......Ignored
DislikedRazor,
I got the books you recommended and I'm slowly starting to read them.
This thread is pretty good, plenty of usefull information. I read it but cannot contribute much yet.
After what happened last week, and granted that I don't have the skills to read the markets I looked for indicators that could predict price changes due to risk of aversion, I found an interesting article:
http://www.banque-france.fr/gb/publi...etud3_1206.pdf
It seems that those indexes help to predict stock crisis, but they didn't...Ignored
DislikedDear All ,
how we can determine when the turning point
from risk aversion to risk appetite
or when the correction is coming to an end?
for the past one week , I have not seen any major news.
is it based on price action ?
have a nice dayIgnored
DislikedThis is going to be individual to each trader.
For me, I would ask myself some questions:
Right now I am shorting everything except CHF, against USD and JPY. Where would prices reach a low enough level to warrant risk taking? Are the prices there yet? Are the causes of the current risk aversion still having an effect? What is the market sentiment? How are the markets reacting to good news? to bad news?
This tells me to either hold my positions or look for areas to unload my current positions and load up on positions going the other way....Ignored
Dislikedim long AUDJPY, test of support mainly but hoping this AUD and JPY differential creates a carry trade trend which i get in on , going to scale out accordinglyIgnored
DislikedHi Razor
Thanks for your earlier reply on the AUDUSD, AUDJPY scenarios. I am most happy with an A-. I'm going to take a few days to think about and reinforce everything we covered in that post.Ignored