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  • #5,101
  • Aug 8, 2008 5:39am Aug 8, 2008 5:39am
Hi ! Wishing a very successful Olympic Opening ceremony, the GLORIOUS moment of China in hundred years of humiliation.

Have a nice evening.
  • #5,102
  • Aug 8, 2008 7:04am Aug 8, 2008 7:04am
Friends,
after seeing such a strong bull I feel it might take a weekend rest, so I am taking the day off.

Be carefull, 200+ pips drops on a day for E/U. It is a little too much. I wonder if there will be a strong rebound before the next run...just wondering...what a day! I checked past history: the average daily volatility is 107. Not to many 200+ days!

Happy trading
Empty as water and soft as a facing wind mountain
  • #5,103
  • Aug 8, 2008 7:08am Aug 8, 2008 7:08am
Quoting fti
Hi ALL,
[...]

MaMood, didi you manage to climb on this stampede?

regards
Yeah, I did it!
But not without injury.

As always I was trading USDJPY. Here is my blotter:

B x 1 x USDJPY x 109.36 (Scout yesterday)
B x 3 x USDJPY x 109.69 (0337 GMT)
S x 3 x USDJPY x 109.73 (0350 GMT)
B x 3 x USDJPY x 109.71 (0646 GMT)
B x 5 x USDJPY x 109.84 (0703 GMT)
S x 5 x USDJPY x 109.93 (0712 GMT)
S x 3 x USDJPY x 109.90 (0845 GMT)
B x 3 x USDJPY x 109.81 (0857 GMT)
B x 12 x USDJPY x 109.56 (0938 GMT Rescue)
S x 16 x USDJPY x 109.77 (1002 GMT)

Now squared.
Not sure what the us boys will do for us.
So I'm waiting without any bias for my loved USDJPY.
  • #5,104
  • Aug 8, 2008 7:58am Aug 8, 2008 7:58am
Wow, what a day!
After the breach of 110 in USDJPY I tend to be long biased.
Waiting a little if we will see a strong rebound before sending my USDJPY long scout in.
  • #5,105
  • Aug 8, 2008 8:40am Aug 8, 2008 8:40am
Hi ALL,

AND the first olympic medal goes to FOREX for running.

Have a good weekend everyone.

regards
  • #5,106
  • Aug 8, 2008 9:46am Aug 8, 2008 9:46am
medal to you FTI
i know doesnt exist but maybe in the future
Lets dance
very nice and joyfull thread guys and girls
  • #5,107
  • Aug 8, 2008 3:17pm Aug 8, 2008 3:17pm
I just read the posts from this past week. Sounds like most everyone rode the $ strength against the Eur this week. Good job! One prevailing impression after reading some of the posts from Tuesday and Wednesday is a sense of frustration in a few traders with the dollar strength even in light of US economy weakness. Never forget that you are trading currency pairs, and it is not just a one way street.

US economy is weak now: high inflation, unemployment at 5.7%, GDP +1.9%, big concerns with financial sector. However, every week there are steps to deal with and correct problems (even though new problems seem to enter the picture each week, too). The prospects for US are for continued weakness but the light may be at the end of the tunnel, at least for some of the problems. FOMC helped clear up some of the picture early in the week, but big oil drop really helps everyone.

ECB let the cat out of the bag about Europe being increasingly in big trouble. EU GDP will be released next week, but on Thursday Mr. Trichet sounded like it may be close to 0 or even negative. Europe may be in really big trouble, and market expectations went against them big time this week. So, US economy may suck, but expectations are now that Europe sucks more. Wait for the PA next week, but if # out of Europe confirm negative expectations, watch the Big D continue to soar. If the numbers suck less that expected, E/$ may retrace big time.

Can't wait for Monday morning...good trading next week, everyone!
  • #5,108
  • Edited 5:02pm Aug 9, 2008 4:43pm | Edited 5:02pm
rapaduski1,

I second that "what a week", its like you don't fully appreciate the way the market moved till you stand back and look at weeks end.

Last night I was just wondering why such a strong dollar amidst weak news, recession and all?
I suppose its not the dollar thats strong but everyone else is just getting weaker.

If we all got on the right bus all our rescues were successful last week which is nice to say, and a big thanks to fti for teaching us the method.

Friday seemed to close ny session with the same mannerism as the rest of the week so it sure would seem difficult for me to place trades against last weeks trend, well so much for my bias I'll just have to be in the here and now when the market opens.

Hope everyone is well.
  • #5,109
  • Edited 6:29am Aug 10, 2008 4:25am | Edited 6:29am
Hi ALL.

Don't be too anxious,
She may sing this song,
"Please come back for me." on monday.
Inserted Video


or she may sing this.
Inserted Video


So be careful, she's dangerous woman now.
Either song is good ,if you know how to dance it.
Dance well.

So you had better
Inserted Video


So it all comes down to
Inserted Video


Couldn't find andy's flowing rivers clip, so FLOW like the river.

When you dance, Always remember this.
Inserted Video


regards
  • #5,110
  • Aug 10, 2008 10:53am Aug 10, 2008 10:53am
Hello fti!

I've been lurking around for some time, reading and trying to understand your method. I started learning forex only 8 months ago and luckily from the 2nd month of my education I've been focusing on naked trading solely. This is my second month of live trading and I'm already achiveing results I would never have hoped for. My only concern is how much i can trust brokers?

You are the only person I know who trades multiple lots, so I'd like to hear your opinion on this. Can I trust brokers (Oanda at the moment) with 50 std lot positions just as easily as with 1 mini lot?

I might be paranoid but I heard/read so many things about suddenly broken connectios, frozen platforms etc.

Until this issue isn't clear I dont really dare trading large volumes.

I wrote you an email a few days ago on this, which you didnt answer. If you didnt respond on purpose just say so and I wont ask again.

Thank you in advance!
  • #5,111
  • Edited Aug 11, 2008 2:35am Aug 10, 2008 7:27pm | Edited Aug 11, 2008 2:35am
Beware the bull is very alive and asia plays the retracement.


Frankfurt is player, London is clueless.
  • #5,112
  • Aug 11, 2008 3:43am Aug 11, 2008 3:43am
Good morning fti & all !

Nice avatar, fti. Any special meaning or just nice?

As USDJPY trader I'm a little bit "piggish" this morning.
Not able to determine the bias so far.
But in the last 3 hours I won at least a bronze medal.

Be nimble on the USD retracement.
No major scheduled news today beside the georgian russian conflict.

Wish you a successful session!
  • #5,113
  • Aug 11, 2008 3:51am Aug 11, 2008 3:51am
Wah ! 龙的传人 the descendant of dragon!

regards.
  • #5,114
  • Aug 11, 2008 4:08am Aug 11, 2008 4:08am
Quoting Billionaire
Wah ! 龙的传人 the descendant of dragon!

regards.
Thanx Billionaire.
What a well chosen avatar!!!

Hope that your nickname is true or at least will become true for you in the near future
  • #5,115
  • Aug 11, 2008 4:19am Aug 11, 2008 4:19am
Quoting MaMood
Thanx Billionaire.
What a well chosen avatar!!!

Hope that your nickname is true or at least will become true for you in the near future
Hi MaMood, that's only my feel when I see a dragon picture because Chinese think they are the descendant of dragon, not monkey

I don't know what it means to Mr FTI

regards,
  • #5,116
  • Edited 8:40am Aug 11, 2008 8:09am | Edited 8:40am
Quoting Billionaire
Hi MaMood, that's only my feel when I see a dragon picture because Chinese think they are the descendant of dragon, not monkey

I don't know what it means to Mr FTI

regards,
This the heritage I inherited. I am the eldest of my family book now. Therefore I am seal bearer.

In the Qing Dynasty 大清帝国 1644 to 1912., the Dragon Dance team of the province of Foochow (Fu Zhou) was commissioned in the court at Peking. Greatly praised and admired by the Qing Emperor, he bestowed on them "Qing Long"

Therefore the decendents of the Fu zhou inherited "Descendants of the Dragon Throne" (龙的传人)

Dragon Boats in Foochow.(Fu Zhou)
http://digarc.usc.edu/assetserver/co...-085-0005-0028

It symbolizes the bringing of good luck and prosperity in the year to come for all the human beings on earth.
Green is sometimes selected as a main color of the dragon, which symbolizes a great harvest. Other colors include: yellow symbolizing the solemn empire, golden or silver colors symbolizing prosperity, red color representing excitement while its scales and tail are mostly beautiful silver colors and glittering at all times which provides a feeling of joyous atmosphere.

Singapore Foochow Dragon Dance
Inserted Video

Note, the traditional setup for dragon dance, where always a mock Qing Throne is always recreated.

Foochow xiao long dui 2OO6 competition
Inserted Video


These are miniature dragons, if you ever get to see the authentic Foochow dragon dance, you may appreciate its magnificence.

regards
  • #5,117
  • Aug 11, 2008 8:29am Aug 11, 2008 8:29am
Fti and all,

Another Monday facing the battle field.

my trader mindset is off and puzzled...after so strong of a bull, the retrace not so strong...still I went short, made my day target and the book is happy...I feel that greed could really kill me today...so I am out for the day.

Have a good trading day.

Regards

PS.: I love the poetry of the chineese language. Nice avatar.
Empty as water and soft as a facing wind mountain
  • #5,118
  • Aug 11, 2008 8:47am Aug 11, 2008 8:47am
Quoting luSan
Fti and all,

Another Monday facing the battle field.

my trader mindset is off and puzzled...after so strong of a bull, the retrace not so strong...still I went short, made my day target and the book is happy...I feel that greed could really kill me today...so I am out for the day.

Have a good trading day.

Regards

PS.: I love the poetry of the chineese language. Nice avatar.
Hi Lusan,
Glad that you had a good day.
I am quite flat today.

The USD Bull seems to be intact but experiencing a little retracement.
The bears strength seems discipating even as we speak. I look forward to a two way battle ahead, bias is Bull USd.

regards
  • #5,119
  • Aug 11, 2008 8:56am Aug 11, 2008 8:56am
Quoting resistance
Hello fti!

I've been lurking around for some time, reading and trying to understand your method. I started learning forex only 8 months ago and luckily from the 2nd month of my education I've been focusing on naked trading solely. This is my second month of live trading and I'm already achiveing results I would never have hoped for. My only concern is how much i can trust brokers?

You are the only person I know who trades multiple lots, so I'd like to hear your opinion on this. Can I trust brokers (Oanda at the moment) with 50 std lot positions just as easily as with 1 mini lot?

I might be paranoid but I heard/read so many things about suddenly broken connectios, frozen platforms etc.

Until this issue isn't clear I dont really dare trading large volumes.

I wrote you an email a few days ago on this, which you didnt answer. If you didnt respond on purpose just say so and I wont ask again.

Thank you in advance!
Hi,
I am sorry , but I have no email from you in my inbox.
I hope that you may appreciate that it is not possible for me to check all the emails that I receive daily. This is esp so for spam and mail from unknown sources.

On the subject of brokers credit risk, I would have to disappoint you that I am trading spot interbank on banks customer desk now. As my testing of retail ECNs is incomplete, I am unable to comment, just.

regards
  • #5,120
  • Aug 11, 2008 11:39am Aug 11, 2008 11:39am
Quoting fti
Hi,
I am sorry , but I have no email from you in my inbox.
I hope that you may appreciate that it is not possible for me to check all the emails that I receive daily. This is esp so for spam and mail from unknown sources.

On the subject of brokers credit risk, I would have to disappoint you that I am trading spot interbank on banks customer desk now. As my testing of retail ECNs is incomplete, I am unable to comment, just.

regards
Hi!

Thats ok, I should have thought of that. It probably got lost in the flood of emails you receive.

I'd like to ask further questions about interbank trading if you don't mind (via email as I dont want to off the thread- [email protected]-).

Good trading to everyone!


P.S.: What a day again. I hope everyone had a nice harvest.
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