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  • #607,321
  • Mar 11, 2012 12:10pm Mar 11, 2012 12:10pm
Quoting rattyo
Dollar strength is coming back to the market now!!! this currency don't stand a chance against it!!! sell any rallies you can is my strategy unless there is some dramatic change in ECB policy.

Looks like your going to be in for a bit of a shock!
One thing I have learnt over time is not to base trading on economic fundamentals. A trader must follow only the money. US$ is in sideways to decline effectively supported by the FED and long term US policy. US$ can only gain traction on the basis of serious macro event. If you have a look at Greece Stock Index YTD or even NBG (national bank of Greece) ~100% YTD then you ll appreciate the discordance between the media hype and reality.
  • #607,322
  • Mar 11, 2012 12:13pm Mar 11, 2012 12:13pm
waiting for market to show the truth
  • #607,323
  • Mar 11, 2012 12:18pm Mar 11, 2012 12:18pm
Quoting gametheory
One thing I have learnt over time is not to base trading on economic fundamentals. A trader must follow only the money. US$ is in sideways to decline effectively supported by the FED and long term US policy. US$ can only gain traction on the basis of serious macro event. If you have a look at Greece Stock Index YTD or even NBG (national bank of Greece) ~100% YTD then you ll appreciate the discordance between the media hype and reality.
Craptheory

the dollar is on the up!!
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rat
  • #607,324
  • Mar 11, 2012 12:19pm Mar 11, 2012 12:19pm
Quoting rattyo
Rats back!!!
Was a bit sarcastic
  • #607,325
  • Mar 11, 2012 12:23pm Mar 11, 2012 12:23pm
Quoting rattyo
Craptheory

the dollar is on the up!!
Only if wishes were horses... LOL
  • #607,326
  • Mar 11, 2012 12:26pm Mar 11, 2012 12:26pm
Quoting gametheory
Only if wishes were horses... LOL

no point losing your cool cause your longs are going to get stuffed. Its not my fault you decided to be a a clever dick and event a shitholetheory that a default is VERY GOOD LOL
rat
  • #607,327
  • Mar 11, 2012 12:29pm Mar 11, 2012 12:29pm
Quoting rattyo
no point losing your cool cause your longs are going to get stuffed. Its not my fault you decided to be a a clever dick and event a shitholetheory that a default is VERY GOOD LOL
I cant lose my cool at all bcos of my position. Never afraid to be wrong ..just do my own bit. Luckily the only one we can trust 100% is the market. We let it decide.
  • #607,328
  • Mar 11, 2012 12:32pm Mar 11, 2012 12:32pm
Quoting gametheory
Luckily the only one we can trust 100% is the market. We let it decide.
trust the market!! its there to fcuk you and everything in its way!!

markets are brutal places newbs like yourself don't last especially with cock and ball theories like the one you have baked up in order to justify being LONG
rat
  • #607,329
  • Mar 11, 2012 12:32pm Mar 11, 2012 12:32pm
Quoting gametheory
One thing I have learnt over time is not to base trading on economic fundamentals. A trader must follow only the money. US$ is in sideways to decline effectively supported by the FED and long term US policy. US$ can only gain traction on the basis of serious macro event. If you have a look at Greece Stock Index YTD or even NBG (national bank of Greece) ~100% YTD then you ll appreciate the discordance between the media hype and reality.
greece index shouldnt really weigh om general market also macro event dod happen last fomc so interest rates are only on the up in the future with no qe in sight since then dollar has been on a tear and its just a start watch. While jpy pairs rise the general market hasnt fallen like u ellude to take a look at s&p
  • #607,330
  • Mar 11, 2012 12:34pm Mar 11, 2012 12:34pm
Quoting sidhujag
greece index shouldnt really weigh om general market also macro event dod happen last fomc so interest rates are only on the up in the future with no qe in sight since then dollar has been on a tear and its just a start watch. While jpy pairs rise the general market hasnt fallen like u ellude to take a look at s&p
someone has a brain here!
rat
  • #607,331
  • Mar 11, 2012 12:37pm Mar 11, 2012 12:37pm
Quoting rattyo
trust the market!! its there to fcuk you and everything in its way!!

markets are brutal places newbs like yourself don't last especially with cock and ball theories like the one you have baked up in order to justify being LONG
being long market right now may not be such a bad idea anyway we are at a infliction point fundamentally and technically so will be
interesting week. I expect bear play and looking at what
bulls to when eurusd lows break
  • #607,332
  • Mar 11, 2012 12:39pm Mar 11, 2012 12:39pm
Quoting rattyo
someone has a brain here!
feeling is mutual
  • #607,333
  • Mar 11, 2012 12:40pm Mar 11, 2012 12:40pm
Quoting gametheory
One thing I have learnt over time is not to base trading on economic fundamentals. A trader must follow only the money. US$ is in sideways to decline effectively supported by the FED and long term US policy. US$ can only gain traction on the basis of serious macro event. If you have a look at Greece Stock Index YTD or even NBG (national bank of Greece) ~100% YTD then you ll appreciate the discordance between the media hype and reality.
Very funny and very much contradicting yourself. So first you say not to base your trading on fundamentals and then you go on with trading with fundamentals. Read it 3 times and you'll know what I mean.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #607,334
  • Mar 11, 2012 12:44pm Mar 11, 2012 12:44pm
Quoting rattyo
someone has a brain here!
I doubt if Star traders like you cast aspersions on dumbs like us. Used to get so opinionated b4 ( armed with my charts and " I too know" knowledge) but on balance it led me to abyss.
  • #607,335
  • Mar 11, 2012 12:44pm Mar 11, 2012 12:44pm
After +10 years of trading the 2 most important aspects of trading 1. use as small as leverage as you can 2. DONT try to predict which way the market will go, but thats only my opinion
  • #607,336
  • Mar 11, 2012 12:45pm Mar 11, 2012 12:45pm
Quoting KillerWhale
Very funny and very much contradicting yourself. So first you say not to base your trading on fundamentals and then you go on with trading with fundamentals. Read it 3 times and you'll know what I mean.
yea what i like to do is if im going to make a direction decision on fundamentals i go flat decide and then check in next week to see if i was right if i was get in on a retrace cause chances are it is just that a retrace. Less likely your decision was random because its supported by ur fundamental view
  • #607,337
  • Mar 11, 2012 12:49pm Mar 11, 2012 12:49pm
Quoting KillerWhale
Very funny and very much contradicting yourself. So first you say not to base your trading on fundamentals and then you go on with trading with fundamentals. Read it 3 times and you'll know what I mean.
No that. There is always two sides to a coin per fundamentals. Then one must really see where the least resistance is in the 2-way traffic. So while I speculate on US$ policy and all that..it wont influence my setup at all. Those have long term influence in the market. They dont seem to have anything much on few hours to few days holds. One big mistake many fall into.
  • #607,338
  • Mar 11, 2012 12:54pm Mar 11, 2012 12:54pm
Quoting gametheory
No that. There is always two sides to a coin per fundamentals. Then one must really see where the least resistance is in the 2-way traffic. So while I speculate on US$ policy and all that..it wont influence my setup at all. Those have long term influence in the market. They dont seem to have anything much on few hours to few days holds. One big mistake many fall into.
i actually would like it to influence my decision as a long or short only mode because id prefer a trade that catches a trend and u may have slightly higher chance. Not letting ur winners run and getting out too early are something too many do which would have long term ramifications on ur equity curve and ur sharpe ratio
  • #607,339
  • Mar 11, 2012 12:59pm Mar 11, 2012 12:59pm
Quoting megajester
After +10 years of trading the 2 most important aspects of trading 1. use as small as leverage as you can 2. DONT try to predict which way the market will go, but thats only my opinion
Correct. One can have views but never to predict ( with strong opinions) where market must go. There are underlying factors that improve ones odd in the taking a low risk directional bet. Those underlying conditions not only can be seen by having a "bigger picture" view but by also have perfect grasp of what happen in other asset classes. For example..I cant see how one can trade US$ successfully without knowing what happens in the debt martket, Equity market and others.
  • #607,340
  • Mar 11, 2012 1:00pm Mar 11, 2012 1:00pm
some new sh at the yard enjoy
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