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  • #50,221
  • Jul 17, 2012 3:27am Jul 17, 2012 3:27am
Quoting bguguen
yea thank god but hey im cooling down some now.....
been quite stressed out lately
it just felt like everything turned against me especially the US strength.....
If the stress is coming from the trading, then don't sweat it so much. Most big traders I've talked to have told me a little stress is good. Means you're playing for something meaningful. If it's alot of stress then maybe cut down a little on exposure, unless you really want to take your best shot at a high return quickly. It's amazing how fine of a line there is between greatness and being a complete failure. As you most probably know, George Soros went "all in" against the Bank of England and just happened to win big. A couple things go wrong for him and we may not know his name - at least not quite like we do today. I just said the first example that came to mind, but there are thousands of them stories. So, only you know what you want and how much your willing to risk for it. Now if you're playing for long term and to build something up gradually then playing it safe is probably best since odds are you will get your head chopped off if you keep sticking it in the guillotine. But then again you might not become as rich that way either. Such is the dilemma in life. Anyway, I wish you luck.
  • #50,222
  • Jul 17, 2012 3:28am Jul 17, 2012 3:28am
Quoting Fudomyo
true.

there's nothing wrong with being wrong. I'm wrong a few times a week. it's just part of the business.

since it's impossible to be perfect, being flexible seems to work better for me.

living with girls is good training too. lol




I posted some DX charts earlier which might be helpful.

http://www.forexfactory.com/showthre...92#post5846992
Thanks... i didnt expect a that weakning USD to take such a large effect....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #50,223
  • Jul 17, 2012 3:30am Jul 17, 2012 3:30am
Quoting 2+2=4ex
If the stress is coming from the trading, then don't sweat it so much. Most big traders I've talked to have told me a little stress is good. Means you're playing for something meaningful. If it's alot of stress then maybe cut down a little on exposure, unless you really want to take your best shot at a high return quickly. It's amazing how fine of a line there is between greatness and being a complete failure. As you most probably know, George Soros went "all in" against the Bank of England and just happened to win big. A couple things go wrong...
nah nah its not causing me that much stress... currently floating loss chewing up 5% of the account is no biggie... but

for the last couple days i was stressed cuz my University results was about to come out, and it did yesterday. so now im so much more chilled knowing i passed my first year with grades good enough to apply to some big investment banks... when i got the news... i was like Thank god.....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #50,224
  • Jul 17, 2012 3:51am Jul 17, 2012 3:51am
Quoting Fudomyo
if you look at the DX monthly it has room to rise, but the daily ascending channel UTL was a logical place for a PB after nearly a half a month straight up.

The same with the EU technicals. Once we hit the 2005 support ledge, selling was bound to cool off a bit after a 500 pip drop.

Look at 2008, the closer we came to the financial cliff the greater the volatility of pullbacks became. That's why it's important to identify potential mid time frame targets and see if they stick. It will help keep you out of the squeeze.
well im just glad im not shorting the AU at teh Very very bottom... thats for sure.... and im glad to see the US index has room to rise....

BTW fudo, do you do analysis on the UJ?? currently holding long but its more of an intervention trade than anything.... im having a possible technical support at 78.20 as a possible place for huge Yen easing to start?
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #50,225
  • Jul 17, 2012 4:02am Jul 17, 2012 4:02am
Oooo dear... both ZEW sentiments.... Worse than expected... get ready to buy the dollar??
thing is we havent quite touched the lower side of the channel though....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #50,226
  • Jul 17, 2012 4:04am Jul 17, 2012 4:04am
Hello everyone,

Dollar Update

The Overnight action has been really nice on Dollar but I agree with some members here that Ben will put a temp floor in around these levels once he comes out then from there you can see a nice purge lower to the low 82's level sending AUD/USD and other pairs continually higher this week and possibly next we could see 1385 on ES and commodities having a nice bounce (EX. Black swan event).

Disclaimer:
Short /DX (Friday) -10 Target 82.20
Short USD/DKK (Sunday Open) 400,000U Target 5.8550
Short AUD/USD (8Pm PST) 100,000U Target 1.0250 (Hedge on Dollar exposure)
  • #50,227
  • Jul 17, 2012 4:07am Jul 17, 2012 4:07am
Quoting bguguen
Oooo dear... both ZEW sentiments.... Worse than expected... get ready to buy the dollar??
thing is we havent quite touched the lower side of the channel though....
market is not accepting any fundamentals at the mean time,trade your charts
Sometimes it's better to be wrong,to learn..
  • #50,228
  • Jul 17, 2012 4:11am Jul 17, 2012 4:11am
Quoting KiNgEdwarD
market is not accepting any fundamentals at the mean time,trade your charts
trade my charts?? charts showoing we are stuck between the 1.0300 top and a upwards trendline in a very very tight range... theres only 10-15 pips range between 1.03 to that trend line... somethings about to give....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #50,229
  • Jul 17, 2012 4:18am Jul 17, 2012 4:18am
Quoting bguguen
trade my charts?? charts showoing we are stuck between the 1.0300 top and a upwards trendline in a very very tight range... theres only 10-15 pips range between 1.03 to that trend line... somethings about to give....
by the way US$ index is in critical position,if 83 broken ,you'll see au near at 1.04
Sometimes it's better to be wrong,to learn..
  • #50,230
  • Jul 17, 2012 4:20am Jul 17, 2012 4:20am
Quoting KiNgEdwarD
by the way US$ index is in critical position,if 83 broken ,you'll see au near at 1.04
agreed.... but i think bernanke will play games today....
QE3 is not a done deal until he says so, so its a bit premature to sell the dollar when its not confirmed yet...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #50,231
  • Jul 17, 2012 4:32am Jul 17, 2012 4:32am
Quoting bguguen
trade my charts?? charts showoing we are stuck between the 1.0300 top and a upwards trendline in a very very tight range... theres only 10-15 pips range between 1.03 to that trend line... somethings about to give....
We broke back below that upward trendline... maybe we shall see a low for today...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #50,232
  • Jul 17, 2012 4:43am Jul 17, 2012 4:43am
I still keep selling.
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  • #50,233
  • Jul 17, 2012 4:57am Jul 17, 2012 4:57am
Quoting bguguen
We broke back below that upward trendline... maybe we shall see a low for today...
What's that mean? This was the low for today or we should see a LL for today like below 1.0238?
Also what TL, I can't see any TL broken yet. What TF?

Edit WTF means what timeframe
Don't get mad, get even!
  • #50,234
  • Edited 7:02am Jul 17, 2012 6:42am | Edited 7:02am
Quoting DonL
What do Tiger's and Trains have to do with Bulls and Bears?? LOL It could be that for some traders, the train has left the station without them!!
I have enjoyed reading so many good messages since last night regardless of whether or not I agreed with them.

Unfortunately, there were some exceptions.

1. I could not see the messages of some dirty-mouth or bad-attitude guys' messages because they have been on my ignore list since last week. This turned out to be fortunate to me. At least, I did not break my promise not to engage with these people anymore.

2. I posted a private message in Japanese to two members last night three hours before the news. I saw the Aussie already crossed the border (4H DTL) and was heading to Ulan Bator (1.0300) to the north of the border at 6 PM EST last night. The reason I limited my audiences to these two members was that they would understand what I meant in some way I prefer to deliver without getting disturbance from some Aussie bears. Although my post was in the public domain, it was meant for those two Japanese members only. Unfortunately, a naked young kid opened my mail and translated it with broken English without getting my permission. Such behavior was not very civilized and should not be encouraged.

In conclusion, his ability to understand something beyond his knowledge was judged by the public at the time he posted his LOL questions.
daddybearforex. com
  • #50,235
  • Jul 17, 2012 7:00am Jul 17, 2012 7:00am
Quoting DaddyBear
While waiting for the news release, the Bull and the Bear play swing in a park without knowing a Bullear is hiding behind the bushes ........

DaddyBear's cartoons are not indicators. Please do not apply them to your charts because they won't fit anyway.
why you are so cute
If there was easy money lying around,no one would be forcing it into your
  • #50,236
  • Jul 17, 2012 7:04am Jul 17, 2012 7:04am
Quoting Fudomyo
That's a loaded question.

UJ is at a potential reversal point for a massive long. Timing is the issue.

There are other factors keeping the Yen strong right now besides safe haven and the Euro crisis. When the Yen goes, it will kick off the next Asian debt crisis which is going to do serious damage not only to Japan, but the entire region, so there's a co-ordinated CB effort to prevent this at the moment.

We all know the issues China would face being the strongest currency in Asia, but Korea's consumer debt load will cause an unprecedented banking...
nice to see you! Excellent post
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #50,237
  • Jul 17, 2012 7:08am Jul 17, 2012 7:08am
Quoting Fudomyo
That's a loaded question.

UJ is at a potential reversal point for a massive long. Timing is the issue.

There are other factors keeping the Yen strong right now besides safe haven and the Euro crisis. When the Yen goes, it will kick off the next Asian debt crisis which is going to do serious damage not only to Japan, but the entire region, so there's a co-ordinated CB effort to prevent this at the moment.

We all know the issues China would face being the strongest currency in Asia, but Korea's consumer debt load will cause an unprecedented...
Apart from your eloquence I like your FA too. Spot on with the Aussie decoupling, was featured in a very nice editorial in the FR not long ago, explains the massive increase in demand for AUD from Euro and Sterling holders in the last couple of months especially.
I see no signs of this trend slowing down for some time to come.
Don't get mad, get even!
  • #50,238
  • Jul 17, 2012 7:12am Jul 17, 2012 7:12am
Quoting MidasFG
I still keep selling.
what else is there to do atm lol.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #50,239
  • Jul 17, 2012 7:13am Jul 17, 2012 7:13am
Quoting DaddyBear
While waiting for the news release, the Bull and the Bear play swing in a park without knowing a Bullear is hiding behind the bushes ........

DaddyBear's cartoons are not indicators. Please do not apply them to your charts because they won't fit anyway.
hello DB!,whats the target for today?
Sometimes it's better to be wrong,to learn..
  • #50,240
  • Jul 17, 2012 7:20am Jul 17, 2012 7:20am
Quoting KiNgEdwarD
hello DB!,whats the target for today?
Another cartoon with a seesaw or a rollercoaster?
Don't get mad, get even!
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