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  • #101
  • Mar 26, 2018 2:06am Mar 26, 2018 2:06am
Quoting Feliks
{quote} I could tell for an example Jesse's Palm Beach trade where everyone was arguing with him why he did that. Because he made that deal against "good economic results". If you look at the Charles Dow's price movement diagram, you can see that When people are more convicted with great enthusiasm about Bull market (by the way it means all fundamental indicators firing on all cylinders) Bears start to sell and when Pessimism covered whole the market with bad data Bulls start coming up.
I had to skim the book to identify which trade were you mentioning specifically. If im not wrong you are talking about the trade where he shorted Anaconda?
I look for value wherever it can be found
  • #102
  • Mar 26, 2018 2:47am Mar 26, 2018 2:47am
Quoting Copernicus
Na....It's behavioral. Information itself cannot provide any systematic advantage. We or our bots don't act on information....but on the way we interpret it.....and much of that information may not even be true. Market fundamentals may provide the building blocks that impact on our understanding....but how we act on this information relates to the information's relevance and credibility. A "market" leads to the world of marketing. And that is where you would be well placed to study consumer behaviour and learn how to follow price as opposed to predict...
Well here is the Barclay hedge and the two top best performers for accounts managing up to 10 million were both fundamental traders. Jarratt davis is purely fundamental and he absolutely killed it with his retrurnd
On that list and stresses on YouTube that fundamentals drive markets.

I agree we all have to interpret the data to execute a trade of course
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  • #103
  • Mar 26, 2018 2:49am Mar 26, 2018 2:49am
Quoting Davit
{quote} Interesting topic.Based on when you joined FF 2017 I will speculate your forex experience is limited.Its not all about fundamentals or all about technical.Its fusion of both. Buy low sell high applies question for you to know what is low and what is high.THat's the ultimate challenge for every trader.I found my Edge and happy with it. It looks like you don't have enough trades/experience to make such controversial heading.Each his own but you are wrong on your heading. regards
Lol so my time on forex factory is what you'e
Using to base my experience on lol. I'm guessing forex factory time record tells you how legit you are. Really?
  • #104
  • Mar 26, 2018 2:59am Mar 26, 2018 2:59am
Quoting Davit
{quote} Interesting topic.Based on when you joined FF 2017 I will speculate your forex experience is limited.Its not all about fundamentals or all about technical.Its fusion of both. Buy low sell high applies question for you to know what is low and what is high.THat's the ultimate challenge for every trader.I found my Edge and happy with it. It looks like you don't have enough trades/experience to make such controversial heading.Each his own but you are wrong on your heading. regards
n some ppl thinks FF membership is a measure of a being good/experienced trader......! in fact I would bet on opposite despite being a member
WaBaS Where are Buyers and Sellers
  • #105
  • Mar 26, 2018 3:01am Mar 26, 2018 3:01am
Quoting mr.brown
{quote} n some ppl thinks FF membership is a measure of a being good/experienced trader......! in fact I would bet on opposite despite being a member
Lol he actually patronized Mr Brown like to say he was awarded his forex factory membership. What an absolute joke lmao.
  • #106
  • Mar 26, 2018 3:02am Mar 26, 2018 3:02am
Quoting Samson85
{quote} Well here is the Barclay hedge and the two top best performers for accounts managing up to 10 million were both fundamental traders. Jarratt davis is purely fundamental and he absolutely killed it with his retrurnd On that list and stresses on YouTube that fundamentals drive markets. I agree we all have to interpret the data to execute a trade of course {image}
Mmmmm. Up to Dec 2013 and a 5 year history. What are his stats now?
  • #107
  • Mar 26, 2018 3:05am Mar 26, 2018 3:05am
There seems to be risk on sentiment in the markets so buying against jpy pairs up until r2/ r3 pivot levels seems doable.

I am currently long in small positions for eur and gbp vs usd as I believe dollar will take a beating based on last weeks Fomc and pound and eur being bullish due central banks.
  • #108
  • Mar 26, 2018 3:07am Mar 26, 2018 3:07am
Quoting Copernicus
{quote} Mmmmm. Up to Dec 2013 and a 5 year history. What are his stats now?
Well right now he is currently running his own hedge fund and doing good from the looks of it but the guy is a very good trader. The guy whose #1 on that list looks amazing.

Also they stopped tracking him because Barclay hedge was getting indated with emails regarding Jarratt because he uses Barclay to promote himself
  • #109
  • Mar 26, 2018 3:18am Mar 26, 2018 3:18am
Quoting Samson85
{quote} Lol he actually patronized Mr Brown like to say he was awarded his forex factory membership. What an absolute joke lmao.
no offense, however "traders" start their FX journey at d forum corners think those places r d best to learn which is terribly wrong
WaBaS Where are Buyers and Sellers
  • #110
  • Mar 26, 2018 3:24am Mar 26, 2018 3:24am
Quoting Samson85
{quote} Well right now he is currently running his own hedge fund and doing good from the looks of it but the guy is a very good trader. The guy whose #1 on that list looks amazing. Also they stopped tracking him because Barclay hedge was getting indated with emails regarding Jarratt because he uses Barclay to promote himself
Fair enough. FWIW Centurion FX is a systematic swing trading outfit. The point is that many approaches work :-)
  • #111
  • Mar 26, 2018 3:37am Mar 26, 2018 3:37am
Well done Samson85, very subtle.
  • #112
  • Mar 26, 2018 3:48am Mar 26, 2018 3:48am
Quoting Copernicus
{quote} Fair enough. FWIW Centurion FX is a systematic swing trading outfit. The point is that many approaches work :-)
I would be curious to see what centurion fx set up is like because those returns are beyond excessive.

I agree with you that many systems work but you need to know what the core fundamental are to be safe.

Do you know how many traders I saw on here trying to swing trade usd/cad last year when the BOC was hiking. I was almost in tears. I also saw a trader leave his live account running on here and it showed $100k current loss because he thought he could leave on a short after an ecb meeting not knowing it was not that dovish. I actually have the images of this.

I have seen technical traders who are able to put themselves technically in line with the fundamentals but they are using 1day and 1 week charts only (even 1 month charts) which minimises the risk of getting burnt.
  • #113
  • Mar 26, 2018 3:59am Mar 26, 2018 3:59am
Quoting synicz
{quote} I had to skim the book to identify which trade were you mentioning specifically. If im not wrong you are talking about the trade where he shorted Anaconda?
Exactly!
Think like an investor, Act as a speculator. Ferid H.
  • #114
  • Mar 26, 2018 4:16am Mar 26, 2018 4:16am
Quoting Feliks
{quote} Exactly!
Welllllll I can assure you that his decision was based off a fundamental outlook.

I'll try to put it into context:

The overall trend of the market was bearish. Jesse Livermore knew that.
There was word that this particular stock - Anaconda, was rising. People were getting bullish about it and kept buying into it.
Livermore knew that the bullishness in Anaconda is not substainable, I mean, if you saw a stock rising rapidly in the midst of a bear market there must be something fishy right?
He had the intention to short the stock. But before that, he decided to ride the bull momentum to make some quick profit since price was breaking out from a key level.
Some storm happened the next day and the lines were down so he wasn't able to trade or keep track of his trade.
When the lines were back up his position receded abit. He took that as a signal that the bull momentum was over and decided to sell his long position. And initiated a short position on Anaconda.
Anddd the rest is history.
I look for value wherever it can be found
  • #115
  • Mar 26, 2018 4:20am Mar 26, 2018 4:20am
Quoting synicz
{quote} Welllllll I can assure you that his decision was based off a fundamental outlook. I'll try to put it into context: The overall trend of the market was bearish. Jesse Livermore knew that. There was word that this particular stock - Anaconda, was rising. People were getting bullish about it and kept buying into it. Livermore knew that the bullishness in Anaconda is not substainable, I mean, if you saw a stock rising rapidly in the midst of a bear market there must be something fishy right? He had the intention to short the stock. But before...
Lol have you watched black Friday? George Sorros.

Now that was a trade. 1 billion profit in one day.
  • #116
  • Mar 26, 2018 4:30am Mar 26, 2018 4:30am
Quoting Samson85
{quote} Lol have you watched black Friday? George Sorros. Now that was a trade. 1 billion profit in one day.
Yeah, most famous currency trades are done on pegged currencies.
I look for value wherever it can be found
  • #117
  • Mar 26, 2018 4:47am Mar 26, 2018 4:47am
Quoting synicz
{quote} Welllllll I can assure you that his decision was based off a fundamental outlook. I'll try to put it into context: The overall trend of the market was bearish. Jesse Livermore knew that. There was word that this particular stock - Anaconda, was rising. People were getting bullish about it and kept buying into it. Livermore knew that the bullishness in Anaconda is not substainable, I mean, if you saw a stock rising rapidly in the midst of a bear market there must be something fishy right? He had the intention to short the stock. But before...
As you see there was no sign about some fundamental event happened, economic indicator released. Market=Tape "told" him what to do, not fundamentals. Regarding that book i realized fundamentals are something concrete (left hemisphere functionality), but technical is like imagination, intuition (right hemisphere functionality). I bet second one is more profitable and less devastating. Why? Because when I find something rational in irrational like in technical it keeps me emotions free, but vice versa makes me argue; too much information must be considered, filtered, etc... It's just my trading style.
Think like an investor, Act as a speculator. Ferid H.
  • #118
  • Mar 26, 2018 8:20am Mar 26, 2018 8:20am
Quoting Samson85
{quote} I hope you caught the brexit news early morning on Monday which caused the rally?
I missed that sir, but what to do this week?

me want make money like u?
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  • #119
  • Mar 26, 2018 9:00am Mar 26, 2018 9:00am
when you are talking about fundamentals, what time frame are you talking about?
because forex can turn on a dime, why ahead of fundamental analysis.
we have all seen this market rip off a 100 pips in seconds as soon as news comes out is that fundamental analysis?
I don't think so.
  • #120
  • Edited 9:50am Mar 26, 2018 9:22am | Edited 9:50am
Quoting ReverseFlash
{quote} I missed that sir, but what to do this week? me want make money like u? {image}

Well I am currently trading long vs USD this week with EUR & GBP. Both combined I'm over 150 pips up already.

I expect dollar weakness and cad as well.

I'm punching myself in the face as I should have taken the EUR/CAD this morning long!!!
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