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  • #880,841
  • Mar 4, 2014 9:28am Mar 4, 2014 9:28am
Quoting BDardenTrade
Is there some kind of "fundamental AND technical logic" thread on the overall market? Because for the life of me i dont see how ppl thought jpy would be the sole beneficiary of a flight to safety (I know others know better but alot of ppl where speaking as if jpy was the ONLY safr haven) . Also no one factored in that yen has had much strength since the year began. I mean yen came back HARD on jan.!...did the mass market forget. by my logic it was unjustified strength that had to revert. Usd has been pummeled due to off numbers that I first hand...

Get a Financial Times subscription and read it every day, its pretty much the only way to start to 'get it'. It takes a few years, but once you understand what drives the markets you can start to make real money and not be obsessing over 1 minutes pin bar candles like most retail newbies.

The Yen is a safe haven because lots of people were short it January. When everyone is short, and risk aversion hits the market, traders begin to cover carry trades. A carry trade is when you borrow one currency and pay low interest on it, and buy another currency like EUR and receive a higher interest rate. This trade works great until excess volatility occurs, and everyone tries to get out. Check out the chart of AUDJPY in fall 2008 and you will see what I mean.
Twitter: @TrendersGame
  • #880,842
  • Mar 4, 2014 9:30am Mar 4, 2014 9:30am
Quoting fatpanda
{quote} 苏联老大哥
You mean big brother with love or big brother like from orwell's novel?
I really hope it's first one.
Потому что, мы тебя любим, Китай.
  • #880,843
  • Mar 4, 2014 9:30am Mar 4, 2014 9:30am
Quoting mejo
{quote} what about your previous targets at 1,362x? expecting a small bounce and than more south?
I'd like a break of it. I can't predict the future so i'll just know what to do once its there mate.

We may end the week near 1.35xx if bears and bulls agree

I only take intraday positions for now
COT: The precious data ignored
  • #880,844
  • Mar 4, 2014 9:33am Mar 4, 2014 9:33am
Putin: U.S. treats foreigners like lab rats

anybody agrees with Putin. atleast I do. wow this guy has balls. he will not take shit from US. I just love his guts.
  • #880,845
  • Mar 4, 2014 9:35am Mar 4, 2014 9:35am
L, stop below, whatever... getting annoyed with this..
  • #880,846
  • Mar 4, 2014 9:37am Mar 4, 2014 9:37am
Quoting kuroro001
{quote} I'd like a break of it. I can't predict the future so i'll just know what to do once its there mate. We may end the week near 1.35xx if bears and bulls agree I only take intraday positions for now
ye, you are right, have to write that one on the wall
less is more
  • #880,847
  • Mar 4, 2014 9:39am Mar 4, 2014 9:39am
Quoting attila
L, stop below, whatever... getting annoyed with this..
We should follow what the market is telling us. Stocks way up but Eur and Gbp getting weaker... Not a good sign for longs at this point...
Observation is the path to discovery.
  • #880,848
  • Mar 4, 2014 9:39am Mar 4, 2014 9:39am
Quoting Citiboy
{quote} Get a Financial Times subscription and read it every day, its pretty much the only way to start to 'get it'. It takes a few years, but once you understand what drives the markets you can start to make real money and not be obsessing over 1 minutes pin bar candles like most retail newbies. The Yen is a safe haven because lots of people were short it January. When everyone is short, and risk aversion hits the market, traders begin to cover carry trades. A carry trade is when you borrow one currency and pay low interest on it, and buy another...
IMO Reading newspapers is about what happened yesterday, there are plenty of books about how economy function, some used during finance degree some are not, FT is good for your lunch break not about learning how markets work.
swing it!
  • #880,849
  • Mar 4, 2014 9:40am Mar 4, 2014 9:40am
Quoting Alorente
{quote} We should follow what the market is telling us. Stocks way but Eur and Gbp getting weaker... Not a good sign for longs at this point...
one of the levels I have.. have t o take it.. stop is tiny..
  • #880,850
  • Mar 4, 2014 9:45am Mar 4, 2014 9:45am
i took a L at 3745 with a 3800 target. s/o at 3742,, the pair most times dont forget. many times when we break 3743 we go to 3728/29 or a little more. then go to 3800.. if that would happen 3832/42 would have to be considered, especially with 3788 still untouched
those who can, do. those who cant, talk about those who can
  • #880,851
  • Mar 4, 2014 9:47am Mar 4, 2014 9:47am
Quoting Jonh
{quote} You mean big brother with love or big brother like from orwell's novel? I really hope it's first one. Потому что, мы тебя любим, Китай.
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  • #880,852
  • Mar 4, 2014 9:49am Mar 4, 2014 9:49am
Quoting tomspin
{quote} IMO Reading newspapers is about what happened yesterday, there are plenty of books about how economy function, some used during finance degree some are not, FT is good for your lunch break not about learning how markets work.
I mean, if you trade trends what happened yesterday does matter. If he doesnt know whats driving the market right now he cant know how much to position. I assume guys like Soros made big money because they position in massive size when they know they have a once in a decade opportunity. If you are religiously read up on whats driving markets at the moment, you will know that once stories about European low inflation start hitting the paper that you may have a once a year opportunity on your hands. You can then scale up your position accordingly.

All the chart reading in the world wouldnt have made up for the fact that you if you read, and tracked the data you knew you should have been maxiumum long USDJPY in late 2012 and holding for a long time. Make money of that trend and take a 2 year vacation.

Huge positions when it counts is the key, for me at least.
Twitter: @TrendersGame
  • #880,853
  • Mar 4, 2014 9:50am Mar 4, 2014 9:50am
Quoting Citiboy
{quote} Get a Financial Times subscription and read it every day, its pretty much the only way to start to 'get it'. It takes a few years, but once you understand what drives the markets you can start to make real money and not be obsessing over 1 minutes pin bar candles like most retail newbies.
The weekend paper subscription is a pretty good deal for anyone in Asia https://www.ftasia.net/weekend// You get the condensed analysis of the week and a bit less focus on company results plus some other sections on life/arts etc, the weekday paper is a bit dry
  • #880,854
  • Mar 4, 2014 9:54am Mar 4, 2014 9:54am
.
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So, you think you have rights? LOL
  • #880,855
  • Mar 4, 2014 9:58am Mar 4, 2014 9:58am
Quoting ForexOracle
. {image}
This one is better, fell off the chair..

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  • #880,856
  • Mar 4, 2014 10:01am Mar 4, 2014 10:01am
London fix coming. If the pair does not take a attitude now it will be up to asia to bring it to 3720 so NY can shut this thing to 3850 on ADP.
So, you think you have rights? LOL
  • #880,857
  • Mar 4, 2014 10:06am Mar 4, 2014 10:06am
Quoting ForexOracle
London fix coming. If the pair does not take a attitude now it will be up to asia to bring it to 3720 so NY can shut this thing to 3850 on ADP.
With all the supply parked inside 1.376x/8x i'm surprised we didn't go lower faster.

Everybody is probably waiting for the next 3 days then
COT: The precious data ignored
  • #880,858
  • Mar 4, 2014 10:06am Mar 4, 2014 10:06am
Quoting attila
{quote} This one is better, fell off the chair.. {image}
Better joke...but nothing to do with Russia!!
So, you think you have rights? LOL
  • #880,859
  • Mar 4, 2014 10:11am Mar 4, 2014 10:11am
I'm really tempted to go long from here....but I have to be disciplined!! If I lose the entry I lose it.
So, you think you have rights? LOL
  • #880,860
  • Mar 4, 2014 10:14am Mar 4, 2014 10:14am
On a different yet unrelated topic, I am using meta trader 4 using OANDA, loving the system with all its tools available but I am having a problem when making a trade. Only recently has it started doing this, the problem is my trade will get cancelled whether its in profit or not which will add to my account history. I even tested without using a stop loss or tp just to be certain it wasn't hitting any of them but yet it was still cancelled. It can vary between 5-10 minutes - usually 5 minutes.

Any feedback would be helpful thanks.
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