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  • #784,001
  • Apr 7, 2013 8:06am Apr 7, 2013 8:06am
Quoting math_GB
Soft commodities or precious metals...? Once in a while, trade cocoa. It is a different animal keep that in mind
Just spent a few hours going over a couple of trades and I decided to drop a lot of pairs. They take a lot of time to analyse and due to me doing this part time I rather focus on 1-3 and do multiple entries if PA warrants it. I prefer pairs that move a lot, so I'll be sticking to EU and EJ only from now on.

However, I applied my template to some commodities (gold, silver, bco...and yes, cacao too)...and it seems to work just as well. BCO has nice swings too, so really tempted to give that a go. Also kinda interesting to look at the correlation of BCO price and WTI/Brent discount spread. Sadly Oanda doesn't feature cacao, and I don't like switching between brokers too much (trading from a tablet using VPS most of the time), so will have to pass on it.

I have the S&P500 open most of the time too so I can hit the "sell" button once that bubble bursts. Probably won't happen until they announce an easing of QE though...
  • #784,002
  • Apr 7, 2013 8:06am Apr 7, 2013 8:06am
Quoting Tom_D_Trader
This question is too simple to be worthy of my attention . Where are you coming with this Ken? What I see now is: The ultimate combo of Japanese industry, also known as Abenomics. It can fail anytime, it will very possibly hurt Japans in the long run, but right now, here is the deal. BOJ needs to buy Japanese bonds and FX reserves to weaken Yen. Japan exporters need to get rid of their FX reserves from 2012. So they make a deal. Dont forget most of Japanese debt is held by its domestic private investors. That is btw the main reason why it all...

I am not going to get into endless discussion which is not going to solve anything What are you going to do as a trader? Or are you an analyst?

I am not a trader/analyst but an opportunist
  • #784,003
  • Apr 7, 2013 8:08am Apr 7, 2013 8:08am
Quoting Tom_D_Trader
Lol Steve, you troll, you are on ignore, but since it is weekend, I clicked view, hoping you will contribute . Do you understand at least half of what I just wrote? Dont play with words here, I am talking about impacts of monetary easing made by BOJ, and yes, part of that easing program is buying bonds. You really cant be that stupid. Make an attempt you superpro. Dont be such a dick all the time and provide analysis. At least once. Tell us what do you think are impacts of BOJ easing. Where will the money flow?...
Tom;

I think the money will flow less to equities and more to commodities this time. The reason being is that equities seem to have reached some supply levels and the latest Cyprus issue scared the hell out of large investors to invest in anything other than commodities. I expect a rally with XAU and other precious metals and we may see some levels we have never imagined before pretty soon.

One thing is clear, the money never stays under matress, it will flow. What would be the proportion, that I am not sure...
  • #784,004
  • Apr 7, 2013 8:09am Apr 7, 2013 8:09am
- I watch 5/24 bloomberg ( one TV always @ bloomberg ) :nerd:
- I dont need to bann you, you are on your way
  • #784,005
  • Apr 7, 2013 8:11am Apr 7, 2013 8:11am
Quoting 4exNinja
All I know that the first country indicating an end of QE will be longed to hell and back against the JPY. 263% of GDP, that's the key figure you pay attention too...will be the easiest trade on the planet imo By the way, are any of you guys also dabbling in commodities? BCO looks kinda promising for the way I trade...curious about others.
This is a no brainer which one to sell and to buy

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  • #784,006
  • Apr 7, 2013 8:13am Apr 7, 2013 8:13am
Quoting 4exNinja
Just spent a few hours going over a couple of trades and I decided to drop a lot of pairs. They take a lot of time to analyse and due to me doing this part time I rather focus on 1-3 and do multiple entries if PA warrants it. I prefer pairs that move a lot, so I'll be sticking to EU and EJ only from now on. However, I applied my template to some commodities (gold, silver, bco...and yes, cacao too)...and it seems to work just as well. BCO has nice swings too, so really tempted to give that a go. Also kinda interesting to look at the correlation of...
You need to add contango and backwardation situations into pricing of soft commodities as well. These assets tend to be very predictable and offer decent opportunities before an important election in south america - mainly brasil - and important natural disaster warning situations. It is not something to trade on a daily basis, if there is a trend run it for a few months and then leave it settle. That has been the way to trade these for me I can PM you when there happens to be trade opportunity and you can apply your trading methodology on it if you feel the trade is worth a shot take it without using stupid leverage...
  • #784,007
  • Apr 7, 2013 8:22am Apr 7, 2013 8:22am
@Ken: Duh, should have checked out that graph before analysing all those charts...stupid meds still making me slow

@math: Thanks! And yes, I'd mostly go after them if they trend strongly or break out...not interested in ranging markets (same goes for currencies). Like BCO from Feb to Mar. Will have to pay a bit more attention to natural disasters and war threats though...has NK invaded the US yet?
  • #784,008
  • Apr 7, 2013 8:26am Apr 7, 2013 8:26am
Quoting 4exNinja
@Ken: Duh, should have checked out that graph before analysing all those charts...stupid meds still making me slow @math: Thanks! And yes, I'd mostly go after them if they trend strongly or break out...not interested in ranging markets (same goes for currencies). Like BCO from Feb to Mar. Will have to pay a bit more attention to natural disasters and war threats though...has NK invaded the US yet?
Not yet but missiles do show they can reach Austin and L.A. Killer Whale already starting packing his ladies I heard and moving to Canada
  • #784,009
  • Apr 7, 2013 8:29am Apr 7, 2013 8:29am
Quoting Ken A
What are you going to do as a trader? Or are you an analyst?
Ofc mate, read my bio. I am more of an analyst and philosopher, than trader. I just simply love this stuff, I aint here for the money. I want to get somehow paid for exploring the market and this seems to be the easiest way. Easiest for my consciouss, as I am unable to work in banking sector or politics because of moral reasons. Also, I am afraid to invest my friends capital, although some of them wanted me to give em advice.

Anyway, my tradeplan right now is very simple. They are going to print so much your eyeballs will start twisting and I plan to go with the flow , catching monthly moves. Since I consider US beeing the most agressive, I ve been and still am, going with weakness of USD. Because of BOJ action, I am currently hedging with U/J long, but USD weakness still stands.

T
"I know one thing, that I know nothing." Sokrates
  • #784,010
  • Apr 7, 2013 8:32am Apr 7, 2013 8:32am


Last updated: April 4, 2013 1:11 pm
Bank of Japan unveils aggressive easing
By Ben McLannahan and Jonathan Soble in Tokyo and Josh Noble in Hong Kong
The Bank of Japan will aim to double the monetary base over two years through the aggressive purchase of long-term bonds, in a dramatic shift aimed at ridding Japan of the deflation that has dogged the country for almost two decades.
Haruhiko Kuroda on Thursday announced his arrival as central bank governor with a “new phase of monetary easing”, a move that comes after Prime Minister Shinzo Abe told the bank to target a 2 per cent rate of inflation.

http://www.ft.com/intl/cms/s/0/81fbc...#axzz2PmfkQYTL

Quoting stevewalker
dear tom dont fool traders like you have guessed its been already planned you are posting a planned action like you have guessed "needs to"
  • #784,011
  • Apr 7, 2013 8:42am Apr 7, 2013 8:42am
Quoting Ken A
I wish to be as smart as you I could probably make 20,000 pips a week. But after closing many on Friday, I only have about +3,000 pips floating {image}
No need to be humble Ken, with E/U long at ,279 and those E/J. I wish I were as fast as you and had 3000 pips floating .

T
"I know one thing, that I know nothing." Sokrates
  • #784,012
  • Apr 7, 2013 8:45am Apr 7, 2013 8:45am
Quoting Tom_D_Trader
No need to be humble Ken, with E/U long at ,279 and those E/J. I wish I were as fast as you and had 3000 pips floating . T
You are too busy analysing
  • #784,013
  • Apr 7, 2013 8:50am Apr 7, 2013 8:50am
I hope one day we will be able to see see whole curve.
I mean the equity curve he he
some traders even dont know what it means. .......

not partial. not the only winning days/weeks/........

I hope one day we see all
  • #784,014
  • Apr 7, 2013 8:51am Apr 7, 2013 8:51am
Quoting math_GB
Not yet but missiles do show they can reach Austin and L.A. Killer Whale already starting packing his ladies I heard and moving to Canada
Make pips {{{{{{{{{{{{{{{{ Math }}}}}}}}}}}}}
  • #784,015
  • Apr 7, 2013 8:59am Apr 7, 2013 8:59am
the whole picture can be different


Quoting stevewalker
I hope one day we will be able to see see whole curve. I mean the equity curve he he some traders even dont know what it means. ....... not partial. not the only winning days/weeks/........ I hope one day we see all
Attached Image
  • #784,016
  • Apr 7, 2013 9:00am Apr 7, 2013 9:00am
Quoting math_GB
Not yet but missiles do show they can reach Austin and L.A. Killer Whale already starting packing his ladies I heard and moving to Canada
I wouldnt be surprised if Obummer brings out the Bees (B52 , B1, B2) using some cruise missiles to do a preemptive strike. When the economy sucks and your ratings are in the toilet nothing like a boggy man to bomb to raise GDP and cause all us good citizens to rally around Old Glory. I took my flag down a long time ago...

No wonder we are hated around the world bombing everyone to install "our brand" of democracy in exchange for their oil or other commods. Hell lets surround China and Russia with bases we cant afford just because we can print money.

I am not proud to be an American at this time in history.
Trade smaller than rational because the market is irrational...
  • #784,017
  • Apr 7, 2013 9:02am Apr 7, 2013 9:02am
Quoting Ken A
Make pips {{{{{{{{{{{{{{{{ Math }}}}}}}}}}}}}
I have no reason to complain don't have 3.000 pips floating tough, I take my pips while I can and look for the next trade. It is just uncomfotable for me to have a trade open for days unless I am shorting EURTRY for a swap, which I haven't this year. Waiting for 2.4200s
  • #784,018
  • Apr 7, 2013 9:03am Apr 7, 2013 9:03am
Quoting stevewalker
the whole picture can be different {image}
AMEN Looks can be deceiving...
Trade smaller than rational because the market is irrational...
  • #784,019
  • Apr 7, 2013 9:07am Apr 7, 2013 9:07am
sunday is good.
it makes me relax. oh God, I had a great day here & out.

slowly we can start preparing for a new trading day

Quoting EuroTraderJD
AMEN Looks can be deceiving...
  • #784,020
  • Apr 7, 2013 9:08am Apr 7, 2013 9:08am
This is a tough crowd in this thread today.............
The More You Learn, The More You Earn.....
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