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Daily Market Insight

  • Poll

  • Are "Exotics" more profitable than any other Currency?
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  • #1
  • First Post: Edited 11:12pm Sep 21, 2007 8:40pm | Edited 11:12pm
Hello everybody!

First of all, I would like to thank "smjones" for having invited me to belong to this "élite" group and to "nvwine", "Isotonic" and "merlin" for vouching me too.

I will share my insight of the market on a daily basis using my proprietary "Discretionary Momentum Trend Trading Technique (DM3T)".

I hope you all enjoy this thread. Any feedback will be very welcome (if you are not a "1KT" member, feel free to send me a "Personal Message").

iiivb
  • #2
  • Sep 21, 2007 9:16pm Sep 21, 2007 9:16pm
As "Market" I understand the following assets:

EUR/USD
USD/JPY
USD/CHF
GBP/USD

EUR/JPY
EURGBP
GBP/JPY

USD/CAD
AUD/USD
NZD/USD

EUR/CHF
CAD/JPY
NZD/JPY

DJI.I (CFD)

USD/DKK
EUR/NOK
USD/MXN

XAU/USD
  • #3
  • Sep 21, 2007 9:30pm Sep 21, 2007 9:30pm
The following assets will probably be added sometime in the future:

DXc1 (US Dollar Index, continuous)

ZWc1 (Wheat, continuous)
ZCc1 (Corn, continuous)
HEc1 (Lean Hogs, continuous)
PBc1 (Pork Bellies -frozen-, continuous)

CLc1 (Nymex - Crude Oil, Light Sweet, continuous)

XAG/USD
AUD/CAD
AUD/JPY
AUD/NZD
CHF/JPY
EUR/CAD
GBP/CHF
EUR/AUD
  • #4
  • Sep 21, 2007 9:36pm Sep 21, 2007 9:36pm
The insights will have the next format:

ASSET
BIAS
(bullish or bearish)
MODE
(active or passive)
COMMENT
COD (Comment On Demand)
  • #5
  • Edited 11:02pm Sep 21, 2007 10:25pm | Edited 11:02pm
According to StockKJay:

"Over the last couple of months, I have made extremely decent returns in both TRY/JPY, through USD/TRY and USD/JPY legs, and the USD/PLN currency pairs. These currencies (TRY and PLN) are extremely powerful and have great trends. The more explicit the trend is, the easier it is to continue to add to winners".

I agree -as you can verify in the poll- that exotics are more profitable -trading prices and making the "carry"- and you have profited from that. Congratulations!

The only problems "exotics" have is that they usually are more sensitive to volatility, uncertainty and the most important part: ILLIQUIDITY!

Thanks for the PM!

iiivb
  • #6
  • Sep 21, 2007 11:23pm Sep 21, 2007 11:23pm
Here is an intrest calculator for Oanda pairs .... it is a couple weeks outdated but here is the link.......
http://www.oanda.com/products/fxmath/interest.shtml



here are the intrst rates at Oanda
http://img526.imageshack.us/img526/2...enshot2bn9.png
Same Whore .... Different Dress
  • #7
  • Sep 21, 2007 11:32pm Sep 21, 2007 11:32pm
Thank you johnedoe!

I see that -effectively- according to this, the TRY has an interesting swap rate. But isn't there something wrong about this interest rates? I don't understand them clearly.

iiivb

Quoting johnedoe
Here is an intrest calculator for Oanda pairs .... it is a couple weeks outdated but here is the link.......
http://www.oanda.com/products/fxmath/interest.shtml



here are the intrst rates at Oanda
http://img526.imageshack.us/img526/2...enshot2bn9.png
  • #8
  • Sep 22, 2007 12:08am Sep 22, 2007 12:08am
those figures are per 10,000 units trade size,,,,also goto the link for Oandas intrest calculator.
Same Whore .... Different Dress
  • #9
  • Sep 22, 2007 1:04am Sep 22, 2007 1:04am
Quoting johnedoe
those figures are per 10,000 units trade size,,,,also goto the link for Oandas intrest calculator.
Oh I see! Thanks!

  • #10
  • Sep 22, 2007 5:18pm Sep 22, 2007 5:18pm
Thanks to "wwwin" for vouching me too.

iiivb
  • #11
  • Sep 22, 2007 9:27pm Sep 22, 2007 9:27pm
Looking forward to this thread. Thanks for starting it.
  • #12
  • Sep 23, 2007 1:43am Sep 23, 2007 1:43am
Quoting smjones
Looking forward to this thread. Thanks for starting it.
Hey!

No problem! Hope you like it, but overall, I hope it could help everybody here.

iiivb
  • #13
  • Sep 23, 2007 1:44am Sep 23, 2007 1:44am
Thank you "Rolandlc33" for the vouch!

iiivb
  • #14
  • Sep 23, 2007 3:58pm Sep 23, 2007 3:58pm
EUR/USD
BIAS
bullish
MODE
active
COMMENT
cod (comment on demand)

USD/JPY
BIAS
bearish
MODE
passive
COMMENT
cod (comment on demand)

USD/CHF
BIAS
bearish
MODE
active
COMMENT
cod (comment on demand)


GBP/USD
BIAS
bearish
MODE
passive
COMMENT
cod (comment on demand)
  • #15
  • Sep 23, 2007 4:06pm Sep 23, 2007 4:06pm
EUR/JPY
BIAS
bullish
MODE
active
COMMENT
cod (comment on demand)

EUR/GBP
BIAS
bullish
MODE
passive
COMMENT
cod (comment on demand)

GBP/JPY
BIAS
bearish
MODE
passive
COMMENT
cod (comment on demand)
  • #16
  • Sep 23, 2007 4:08pm Sep 23, 2007 4:08pm
USD/CAD
BIAS
bearish
MODE
active
COMMENT
cod (comment on demand)

AUD/USD
BIAS
bullish
MODE
active
COMMENT
cod (comment on demand)

NZD/USD
BIAS
bullish
MODE
active
COMMENT
cod (comment on demand)
  • #17
  • Sep 23, 2007 4:14pm Sep 23, 2007 4:14pm
EUR/CHF
BIAS
bullish
MODE
passive
COMMENT
cod (comment on demand)

CAD/JPY
BIAS
bullish
MODE
active
COMMENT
cod (comment on demand)

NZD/JPY
BIAS
bearish
MODE
passive
COMMENT
cod (comment on demand)
  • #18
  • Sep 23, 2007 4:34pm Sep 23, 2007 4:34pm
XAU/USD
BIAS
bullish
MODE
active
COMMENT
cod (comment on demand)

USD/MXN
BIAS
bearish
MODE
active
COMMENT
cod (comment on demand)

DJI.I (CFD)
BIAS
bullish
MODE
active
COMMENT
cod (comment on demand)

USD/DKK
BIAS
bearish
MODE
active
COMMENT
cod (comment on demand)

EUR/NOK
BIAS
bearish
MODE
active
COMMENT
cod (comment on demand)
  • #19
  • Sep 23, 2007 6:36pm Sep 23, 2007 6:36pm
What does "passive" mode mean?
  • #20
  • Sep 23, 2007 7:07pm Sep 23, 2007 7:07pm
Quoting philmcgrew
What does "passive" mode mean?
I am glad you asked that "philmcgrew",

I am convinced that any market ALWAYS has a trend -bullish or bearish- but sometimes this trend is "passive" because is in a pull-back or retracement stage.

In other words "passive" could be understood as "neutral" mode but -as I said- I never consider a market in a "neutral" mode because they are always trendy -at least for me-, but sometimes that trend is "passive".

Hope I explained myself.

iiivb
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