Knowledge is Power

Quoting Chang

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Not been following this thread but from what you're saying, are you still only trading on the demo account or you just doing it to show others ?

There's a big difference there.

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Quoting Rialto

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I really don't think that it is a lack of humility on Bruce's part, I do believe that sometimes a feeling of frustration comes through in his posts. Frustration that arrives from wanting to help people, to alert them to a good thing - he has been successful -but the doubting Thomas in all of us keeps some from taking the initiative and getting on board with Bruce's method of trading. Like he says, just open a demo and view the results of trading in this manner if it so suits you. Good fortune.

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Quoting Warren Forex

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Why would I say that ? Because I love folks who speak their mind. You are correct in that observation.

It is very hard to have humility when you take hours and hours of your time each day to post on this GREAT FX Forum called "Forex Factory" and each day is wasted trying to convince someone you do not even know that you are real. In fact on the other thread USD/JPY someone actually accused me of fabricating my Demo Account with FX Solutions !

I am doing what I do because I enjoy sharing my knowledge with others that want to learn.

To also be very honest it seems very few here want to learn. I thought some would post their Demo Account Opening Balance here as I had asked ! I think 2 have done so to date.

It is not about ME !

I do not need to be here but I choose to help others as all Winners share this attitude in common.

I know about Human Greed and FEAR and EGO !

I was not so greedy as to hold my positions open so I closed them with profits as things reversed. Of course I use Stops and Limit Outs. I am a second by second FX trader !

I really do not know what else I can say ?

Bruce

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Quoting Warren Forex

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G-D Bless You !!!

I wish I could communicate so clearly and to the point. You are exactly right. The only way I have to deal with the doubters is to shove my results in their face which usually makes them think that I am arrogant or whatever.

I Know What I Do Not Know and That Is Why I Always Want to Learn more.

By Posting here it also helps me focus and helps my FX trading. There are some classy people here and If I can help but just one person to improve it is worth it.

My sense of Humor also sometimes aggravates folks.

For Example: "If It Helps Some To Know That I am Real, I Could lose say 5 or 6 trades in a Row on PURPOSE !!!

I Appreciate your post and Thank You !!!


Bruce

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Quoting emda

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it seems more like one of the worst things in trading which is to marry to a direction. risky. good luck

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Quoting Piece Of The Pie

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You should post here because you WANT to post and help others. But it makes me sad to hear you say you are wasting your time trying to get others to believe you are real.

Your strong convictions of how big of a winner you are is not going to get others to believe you are real. Results over time with humble comments will do that.

You don't have to try so hard.

I hope you are a huge success in life and Forex.

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Quoting Warren Forex

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I will take your words of wisdom as they are meant. We are always able to learn from someone else in life. I do see your point and agree with you.


Bruce

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Quoting Piece Of The Pie

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I look forward to learning from you.

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Quote

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1611 GMT [Dow Jones] Volatilities implied by USD/JPY currency options were higher Mon in NY as the dollar rose against the yen. One-month at-the-money USD/JPY options implied volatilities were at 10.40%/10.90%, up from 10.10%/10.40% in Tokyo and from 10.40%/10.90% in NY Fri. One month EUR/USD implied vols were at 9.40%/9.80% from 9.10%/9.40% in Tokyo and from 9.0%/9.30% in NY Fri. One month EUR/JPY implied vols were at 9.30%/9.80% from 10.20%/10.50% in Tokyo and 9.10%/9.60% in NY Fri. One-month quarter delta risk-reversals for USD puts/JPY calls were at 1.80%/2.50% versus 1.95%/2.30% in Tokyo and 1.80%/2.50% in NY Fri. (YUS)

Quoting Warren Forex

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http://www.financialsense.com/fsu/ed...2008/0623.html

Snippet:

Between a rock and a hard place

by Andy Sutton, My2CentsOnline.com | June 23, 2008

Print
Over the past few months, the US Federal Reserve, amid much fanfare, has lowered the benchmark interest rate from 5.25% to 2%. This loose policy was lauded by those in the financial media as being the right thing to do to prop up the economy, and banks in particular. Bernanke went from being the goat to the hero almost overnight. Rest easy folks, our Fed Chairman is on board; finally having gotten with the program.
At the time, we discussed the obvious and perhaps unintended consequences of Bernanke’s actions. On one hand, the Fed had to increase the money supply by leaps and bounds to drive their target rates lower; especially given the fact that banks were particularly loathe to lend, even to each other. This boost in the money supply has provided the fuel for the recent run up in food and fuel prices at the commodity level, and will begin to work its way through to producers and finally, consumers in the coming months. In the time since the official M3 numbers were discontinued in 2006, we have seen the total money supply grow by nearly 40%:
http://www.financialsense.com/fsu/ed...es/0623.h2.jpg
Much of this money has been created in the form of credit to either grease the wheels of our ‘borrow and spend’ economy or provide vehicles to allow banks to offload worthless assets onto the Federal Reserve to prevent insolvency. That money has consequently been put to work in the real economy, translating into higher prices across the full spectrum of goods.
On the other hand, we have also talked about the moral hazards involved in bailing out bad behavior. Banks, mortgage brokers, and consumers alike have behaved in a fiscally irresponsible manner over the past 8 years, and bailing them out of their poor investments only guarantees more of the same behavior in the future.
However, a less understood and certainly less publicized consequence of these reckless policies is the impact that they have had on those inclined towards fiscal responsibility as well as those most susceptible to inflation; our nation’s retirees. America’s savers and retirees have undergone a relentless onslaught over this past year.
Let’s look for a minute at the timeline of since the explosion of the credit crisis from a couple of perspectives. As of last August, the typical 6-month CD was pulling 5.4%.
http://www.financialsense.com/fsu/ed...es/0623.h3.jpg
Over the next 7 months, that rate would be cut in half. This is important, because someone who bought such a CD in August of 2007 would have had it mature in this area of significantly lower rates and their rollover rate would have been significantly lower. It could not be avoided. During the same time, headline CPI surged at an annualized rate of 4.62%, making the real return on these investments negative. For example, a 6 month CD in March 2008 would yield 2.7% annually with an after-tax yield of 1.944% assuming a marginal tax rate of 28%. Discount the 1.944% by 4.62% for the increase in consumer prices (loss of purchasing power) and the real yield on that CD is negative 2.67%. Given what we know about the CPI, this real yield is in all likelihood much further in the negative.
A second popular area of investing for savers and fixed income individuals is bonds, particularly bonds issues of the US government as they are perceived to be ‘risk free’. Since August of last year, it has been a tale of two cities with regard to US Government bonds as is told by the 30-year US Treasury Bond Price chart:
http://www.financialsense.com/fsu/ed...es/0623.h4.jpg
And the corresponding yields on the 30-Year Bond:
http://www.financialsense.com/fsu/ed...es/0623.h5.jpg
The 30-Year Bond was chosen for this illustration because it typically provides the highest interest rate among the various maturities. Worth highlighting here is that while bond trading could have brought home some reasonable gains, this is not how the typical retiree or fixed-income investor operates. Depending how they have their funds organized, there are even restrictions that prevent them from taking advantage of certain types of market action. As a group, these folks generally buy bonds, bond funds, or CD’s then collect the periodic disbursements using them to supplement Social Security, or pension income. While those purchasing bonds now are seeing slightly higher yields, they still don’t come close to covering the continued rise of consumer prices. These people have seen the purchasing power of their cash flows diminish before their very eyes as gas pump and grocery store prices have skyrocketed. In addition, healthcare costs; which are perhaps the retiree’s biggest line item have soared as well. A double whammy is that their largest asset - their home - has seen its value decline over the past 18 months, restricting their ability to borrow against it or sell it to create a more favorable situation.



Bruce

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