[quote=Kooz;3284066]Hey guys...a little late to the party...but in this case I think it is better late that not show up! I hope to become a active member on this thread as I highly value FTI's teachings.
My background: I have been trading forex on/off for about 4 years. Just recently joined FF as a member and hope to become a contributor on this thread.
This story really resonated with me as one of my scorpions is take have this contrarion mindset of overbought/oversold. It immediately brought up memory of Thanksgiving day 2009 where I was buying the USD/Yen on the dips at oversold levels and taking small profits.
I was in retrospect, picking pennies in front of a steamroller as i established a fresh long position only to see the market keep falling away. As some of you may know, that was a particularly volatile day for the usd/Yen but after a very nerve wrecking rescue session I was able to come back out at breakeven....however, i had to "fight tooth and nail just to get there"
I hope to learn more, specifically the attack skews and strategy in the coming days .
Welcome to the thread Kooz,
I'm also junior(newbie too) here, but with your experience 4 yrs me & newbies can learn from you. Thanks in advance & hope to hear from you.
Have a good weekend.
My background: I have been trading forex on/off for about 4 years. Just recently joined FF as a member and hope to become a contributor on this thread.
This story really resonated with me as one of my scorpions is take have this contrarion mindset of overbought/oversold. It immediately brought up memory of Thanksgiving day 2009 where I was buying the USD/Yen on the dips at oversold levels and taking small profits.
I was in retrospect, picking pennies in front of a steamroller as i established a fresh long position only to see the market keep falling away. As some of you may know, that was a particularly volatile day for the usd/Yen but after a very nerve wrecking rescue session I was able to come back out at breakeven....however, i had to "fight tooth and nail just to get there"
I hope to learn more, specifically the attack skews and strategy in the coming days .
Welcome to the thread Kooz,
I'm also junior(newbie too) here, but with your experience 4 yrs me & newbies can learn from you. Thanks in advance & hope to hear from you.
Have a good weekend.