Good Morning fti!
thanx for headsup and your yesterday "pakistan link".
Was not aware of that crisis ....
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DislikedJuts for info:
It may serve as a good summary of the market moves till now ...
[indent][03:15 GMT Jan o5] The EUR/USD opened the Asian session close to the US session at 1.3308 after getting sold off during the US session when the USD broadly moved higher in line with a steep correction lower in commodity prices. The EUR/USD jumped to 1.3325 on a Bloomberg headline quoting a Chinese official saying China was likely to buy more Spanish debt, but fell below 1.3300 on a second headline saying further purchases depended on market conditions....Ignored
Dislikedthis year watching out for panda in europe and if buba want come out to rescue the euro. panda needs diversify her markets, euro is good place to go to.
regardsIgnored
DislikedGood Morning Friends!
Seems the FOMC minutes have been a real non-event.
Eu has not much moved since it's release.
Ok, will do my daily morning preparation now.
Hope to see yoiu in the markets...
MaMoodIgnored
DislikedGood Morning fti!
thanx for headsup and your yesterday "pakistan link".
Was not aware of that crisis ....Ignored
DislikedYeah - since we faced the greek "surprise" last year here in EURO zone I'm very sensible for such type of news. Maybe I should start to learn chinese language just right now. Would be easier to make the negotiations with chinese poeple about my credit for my next car then
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Dislikedmr mamood...i download all your trading session attachments and i get impressed by your trading results. really hope that i can trade like u someday. u seem already master very well what sifu fti presented here.
if i may ask, how do u start or prepare for your trade every day? how much is your personal daily profit target in % ? i noticed that u can get 50% in some of your trading session. that is very impressive !
thanks in advanceIgnored
DislikedYou may be in for a surprise.
Many speak excellent english. But if you can speak Putong Hua, then the Quan Si(relationship) is better. May just get slightly better rates.
regardsIgnored
Dislikedbut normally , if i not too mistaken, to do business with china, need learn bargain. Starts from 50 % minimun. i would try start 75%. A good starting textbook. "Everything is Negotiable" [Paperback]
A must read training basic text for dealers.Ignored
DislikedOooh - I'm not that bad in bargaining.
But 75% as a starting point is quite a different level (at least here in good old, but narrow-minded germany).
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DislikedThanks, here is my current MO:
I find that the 5min is essentially the only part that I vitally need. The daily 3k is useful to tell me where a price "may" change trends, which helps to decide whether to be aggressive in the future or not. However, it will not dictate that trading direction, the "flow" will do that based on how it responds to movements.
The way I see it, daily is helpful for an "idea" if the volatility in EU is going to increase due to UJ & GU action. However, the direction of trade is all based on the price's movement...Ignored
Dislikedspeaking of scorpions and fear mamood, I just read over the part where fti mentioned that the book size after seniors failed to go with the trend was 20,20,40 (20x of juniors..could be even bigger if juniors held more than 1,1,2)...scaaarrryyyyy!Ignored
DislikedHi paranorms,
please just say MaMood or much better Niels, cuase it is my first name.
Mr. MaMood sounds somehow unexpected to my ears :-)
thanx for your kind words - but you mentioned some of my statements and I have to say I'm not very proud of it. My MO has changed a little since then, much more close to fti's teachings now. But what I have done was neccessary to overcome some of my scorpions. Namely fear and greed. And I know I have still a long long way to go (after starting with absorbing fti's teaching in jan 2008)...
My daily...Ignored
Dislikedmindset thats supposed to be near fair value. If you know cost, then you start at fair value.
[...]
What do you think is old name for businessmen?
TRADERS.
Dealers are peeps who know real cost. Some dealers have better "economies of scale" than others. Thats why have tiersIgnored
Dislikedok Niels, no MR hehe...thanks a lot for the explanation, sure it will give me some good idea in my trading. really glad that i join this forum where so many good friends supporting each other, especially the sifu.
about this :
Their rules are forceing me to go for a daily goal, cause they want to see a very constant grow of account. But that way of trading does not fit very well with fti's MO ...
could you please elaborate more?
thanksIgnored
Dislikedcareful
cable either meet something scary again or is hyper.
pakst seems little impact in the now
hearing our friends from swis again and dating panda.
OMG, more suitorsIgnored
0755 GMT [Dow Jones] The euro's recovery has run into early resistance with the SNB rejecting Irish sovereign bonds with a maturity beyond one year as collateral, writes BNP Paribas. "Obviously, the SNB regards the haircut risk as too high," bank notes. EUR/CHF trades at CHF1.2621.([email protected])
DislikedRegarding Swiss: SNB has rejected Irish bonds with maturity beyond one year as collateral ....Ignored