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  • #41
  • Mar 19, 2011 5:28pm Mar 19, 2011 5:28pm
Quoting medici
Hi Custos,

It seems like you didn't buy my argument put forward here, and I wonder why. Not that it matters to me, but I am curious as to what you would consider an explanation in this case.

M
we still need another 9,998 events yet I think
  • #42
  • Mar 19, 2011 5:30pm Mar 19, 2011 5:30pm
Quoting jag1966
we still need another 9,998 events yet I think
Sure, but that wouldn't be fundamental analysis any more. 10000 events isn't explanation - that's statistics.
  • #43
  • Mar 19, 2011 5:51pm Mar 19, 2011 5:51pm
The reason for the strength in the Yen is quite obvious there are several newssites including zerohedge who have explained this in detail.

Im staying away from all Yen based pairs for next week until its clear if repatriation has taken its effect and how the G7 will fully deal with this situation as more pressing issues have taken hand in Lybia over the weekend now.
  • #44
  • Mar 19, 2011 5:54pm Mar 19, 2011 5:54pm
Quoting Orbital
The reason for the strength in the Yen is quite obvious there are several newssites including zerohedge who have explained this in detail.

Im staying away from all Yen based pairs for next week until its clear if repatriation has taken its effect and how the G7 will fully deal with this situation as more pressing issues have taken hand in Lybia over the weekend now.
Interesting. I have the deepest respect for the people running zerohedge, but I am too lazy to follow it day-to-day. Do you have a link for yen related posts?

Thanks.
  • #45
  • Mar 19, 2011 6:02pm Mar 19, 2011 6:02pm
Quoting Orbital
Im staying away from all Yen based pairs for next week until its clear if repatriation has taken its effect and how the G7 will fully deal with this situation as more pressing issues have taken hand in Lybia over the weekend now.
I'd stay away from yen for the next several months. Fundamentally, there will be plenty of yen demand in the foreseeable future, and at the same time the G7 have decided to keep yen down. So the likely scenario is sideways until the fundamental picture changes.
  • #46
  • Mar 19, 2011 6:08pm Mar 19, 2011 6:08pm
I don't believe in fundamentals... i stopped paying attention from my trading at all... good numbers shit goes down... bad numbers shit goes up and vice versa sometimes.

Supply and Demand is all i will ever need (check out my charts or budkas or emene or red etc), emene posted an interessting article today: http://www.tradingacademy.com/lesson...is_article.htm

But to each his own, i am agreeing with you to stay away from the yen for reasons of unclear supply and demand, placing protective stops is impossible right now because you will most likely get whipped.

Either way about ZH articles:
http://www.zerohedge.com/article/day...rry-trade-died
http://www.zerohedge.com/article/yen...-ponzi-finance
http://www.zerohedge.com/article/big...ar-over-decade

Those are worth reading imo.
  • #47
  • Mar 19, 2011 6:13pm Mar 19, 2011 6:13pm
Quoting Orbital
I don't believe in fundamentals... i stopped paying attention from my trading at all... good numbers shit goes down... bad numbers shit goes up and vice versa sometimes.

Supply and Demand is all i will ever need (check out my charts or budkas or emene or red etc), emene posted an interessting article today: http://www.tradingacademy.com/lesson...is_article.htm

But to each his own, i am agreeing with you to stay away from the yen for reasons of unclear supply and demand, placing protective stops is impossible right now...
Many thanks for links. As to fundamentals, it's a matter of timeframe. If you have $Bs under management they do matter.
  • #48
  • Mar 19, 2011 6:17pm Mar 19, 2011 6:17pm
Quoting medici
Many thanks for links. As to fundamentals, it's a matter of timeframe. If you have $Bs under management they do matter.
Yeah but i dont have $B under management, i have under 100K under management right now and i just got recruited by a small fund in vienna to trade for them. So fundamentals dont worry me.

Im not saying don't pay attention, if youd have a skype conversation with me you would immediately notice i am very well aware of whats going on in the world, the important financial events of the past 3-5 years their effect, their outcome and future probable events and outlooks.

I just try to not pay attention to them alltomuch when they dont matter and that is 90% of the time. Fundamentals influence your trading a lot, at least for me. When my fundamental sentiment is bullish i prefer longing even in a downtrend which is bad to be honest but hey i keep forgetting that fundamentals show an impact over time

Ill get some sleep, wil fire up the remaining charts ive finished tommorow, cant be bothered right now, need to watch a movie, dose myself with some delicious vodka and sleep

Kind regards,
Alexander
  • #49
  • Mar 19, 2011 7:19pm Mar 19, 2011 7:19pm
Quoting budak baru
Hi guys.I just want to share my basic understanding about supply and demand ...
Back to Basics
I like it!
  • #50
  • Mar 19, 2011 7:41pm Mar 19, 2011 7:41pm
Quoting Orbital
Yeah but i dont have $B under management, i have under 100K under management right now and i just got recruited by a small fund in vienna to trade for them. So fundamentals dont worry me.

Im not saying don't pay attention, if youd have a skype conversation with me you would immediately notice i am very well aware of whats going on in the world, the important financial events of the past 3-5 years their effect, their outcome and future probable events and outlooks.

I just try to not pay attention to them alltomuch when they dont matter and that...
I agree that individual fundamental scheduled events that we see on the FF calendar can be largely ignored and trading around them should be avoided but all these events build up a bigger picture and it is the bigger picture that determines the longer-term trends. I know that you trade on the shorter timeframes and have short-term trades, but having a good understanding of the bigger picture is still essential. Saying that, you are well versed in the going ons in this world from our conversations. Everyone talks about price, but not many people talk about time.
  • #51
  • Mar 19, 2011 7:42pm Mar 19, 2011 7:42pm
Quoting anthoniex
Back to Basics
I like it!
Me too! Nice thread Budak
  • #52
  • Mar 19, 2011 10:29pm Mar 19, 2011 10:29pm
Quoting medici
Hi Custos,

It seems like you didn't buy my argument put forward here, and I wonder why. Not that it matters to me, but I am curious as to what you would consider an explanation in this case.

M
oh thanks, apparently I either forgot or didn't see that post. Thanks for showing me.
  • #53
  • Mar 20, 2011 6:02am Mar 20, 2011 6:02am
Low risk Selling opportunity tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: ec311.png Size: 41 KB
Gold Expedition Return This Year: -16.4%
  • #54
  • Mar 21, 2011 1:10am Mar 21, 2011 1:10am
Good morning trader.gu want to enter again supply zone.waiting for selling at gbp open.PA watch
Attached Image (click to enlarge)
Click to Enlarge Name: gu311.png Size: 45 KB
Gold Expedition Return This Year: -16.4%
  • #55
  • Mar 21, 2011 1:14am Mar 21, 2011 1:14am
Eurchf arrive at supply zone.let see what happen...
Attached Image (click to enlarge)
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Gold Expedition Return This Year: -16.4%
  • #56
  • Mar 21, 2011 1:54am Mar 21, 2011 1:54am
Quoting budak baru
Eurchf arrive at supply zone.let see what happen...
sold eurchf for 50 pips target.
Attached Image (click to enlarge)
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Gold Expedition Return This Year: -16.4%
  • #57
  • Mar 21, 2011 2:10am Mar 21, 2011 2:10am
Quoting budak baru
Good morning trader.gu want to enter again supply zone.waiting for selling at gbp open.PA watch
sold gu too.target at demand zone.will see.
Attached Image (click to enlarge)
Click to Enlarge Name: gu311.png Size: 36 KB
Gold Expedition Return This Year: -16.4%
  • #58
  • Mar 21, 2011 2:20am Mar 21, 2011 2:20am
Praying for you budak
  • #59
  • Mar 21, 2011 2:42am Mar 21, 2011 2:42am
gbpchf entering seller zone.PA watch
Attached Image (click to enlarge)
Click to Enlarge Name: gc311.png Size: 41 KB
Gold Expedition Return This Year: -16.4%
  • #60
  • Edited 5:33am Mar 21, 2011 3:09am | Edited 5:33am
Quoting budak baru
gbpchf entering seller zone.PA watch
sold gbpchf.60 sl 150 tp.

edit stopped -60.will wait at higher point
Attached Image (click to enlarge)
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Gold Expedition Return This Year: -16.4%
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