Japanese housewives are wrecking the forecasts of big players! | Page 2 | Forex Factory

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Japanese housewives are wrecking the forecasts of big players!

  • #21
  • Jun 21, 2007 4:19pm Jun 21, 2007 4:19pm
Quoting AggieTrader
Sounds like the internet boom here in the States... anyone could be ANY ".com" and turn 20k into 200k in 30 days. Same thing is starting to happen there... where housewives start to get involved isn't it just a little carried away? (Pun intended)

Aggie,

These "Housewives" you refer to are also RETAIL TRADERS, just as you are!
Unless I am writing "out of school" here and you have a lavish office complete with staff.....if this is not the case, than you have more in common with these individuals than you think.
Proper Prior Planning Prevents Piss Poor Performance
  • #22
  • Jun 21, 2007 4:46pm Jun 21, 2007 4:46pm
ya none taken. i dont have as big an ego as my few posts probably portray
appreciate your insight in general as well

Quoting HalifaxCB
Yes, I got that, so I was just poking a little fun. Hope you don't mind, no harm intended (I should have put a at the end of my post)....
  • #23
  • Jun 21, 2007 5:10pm Jun 21, 2007 5:10pm
from what ive been told, japanese women tend to do the family finances. dont know why that wouldnt extend to investment these days. im skeptical that the majority are actively trading... perhaps more are stashing money in foreign bank accounts or buying into funds that deal with foreign financial products. but how many could get burned; how many monitor their positions on an intraday basis? the article to me implies that the long term, likely unmonitored positions are stabilizing the carry idea. an obverse of the long term conspicuous consumption of the american consumer stabilizes the us economy?

Quoting FxJarhead
Aggie,

These "Housewives" you refer to are also RETAIL TRADERS, just as you are!
Unless I am writing "out of school" here and you have a lavish office complete with staff.....if this is not the case, than you have more in common with these individuals than you think.
  • #24
  • Jun 21, 2007 5:45pm Jun 21, 2007 5:45pm
Quoting FxJarhead
Hey Blu....

Why the reference to "any idiot" ? I just don't understand where a statement such as this is warrented. Are these individuals doing anything different than what you are attempting to do??
No... I'm just saying that when the trend ends, dollars to the donuts, 99% of these "experts" are going to fall flat on their asses and go broke. Do I need to remind you what happened to all the "expert analysts" of the dot-com bubble? The difference between a professional trader and a lucky idiot who becomes an "expert" in an obviously trending market is that the trader knows what to do when the trend ends.
  • #25
  • Jun 21, 2007 6:17pm Jun 21, 2007 6:17pm
Quoting bluebuddha
No... I'm just saying that when the trend ends, dollars to the donuts, 99% of these "experts" are going to fall flat on their asses and go broke. Do I need to remind you what happened to all the "expert analysts" of the dot-com bubble? The difference between a professional trader and a lucky idiot who becomes an "expert" in an obviously trending market is that the trader knows what to do when the trend ends.
Is your 99% figure based on fact or an arbitray figure. No where did I read these individuals are "experts". What makes you think they are any less "professional" than you or I.? I find the basis for thier postions to be based on fundementals that they have chosen to take advantage of as long as the opp presents itself to them. And if I am correct, most trading "experts" state that THE TREND IS YOUR FRIEND.....also, as they appear to be "traders", as you and I are.....what makes you think/feel that they will not know what to do when this trend ends? Are you maybe hinting that you are shorting these markets? I am long this market since 110.50 ( just one , 1 mil postion, never added more postions ) with a stop placed at 122.50 as of today, and tomorrow will increase the TP stop.....I'm sure they also are aware of locking in profits.....the dot com bubble in stocks had individuals hold over priced pieces of paper at prices that where fundamentaly absurd, and than they held as market crashed.....I feel that they are more savvy than given credit for.
Proper Prior Planning Prevents Piss Poor Performance
  • #26
  • Last Post: Jun 22, 2007 2:43am Jun 22, 2007 2:43am
Moved stop up to 123.75 for now.
Proper Prior Planning Prevents Piss Poor Performance
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