World’s No. 2 Currency Trader Says Dollar Rebound Just the Start | Forex Factory

  • World’s No. 2 Currency Trader Says Dollar Rebound Just the Start

    From bloomberg.com

    The dollar’s three-week rally is just the beginning, according to Deutsche Bank AG. A slump by the greenback earlier this year has “likely run its course,” analysts at the world’s second-largest currency trader wrote in a note Friday. The bank favors buying the U.S. currency versus emerging markets -- such as China, Mexico and South Korea -- following a shakeout in speculative bets on the dollar, George Saravelos, co-head of global foreign-exchange research in London, wrote. With policy makers from the Group-of-Seven economies meeting in Japan, the Federal Reserve this week gave the dollar a boost by ... (full story)

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Not-KPMG
May 22, 2016 2:29am
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No doubt the big "advisers" are wrong many times or spread disinformation. ... That said they are accidentally correct sometimes
While I'm short-sighted trader, in a small frame, i believe the historical lesson is that 6 months after starting the rate increases the dollar goes up.
6 months are over, so time to buy it. Simple, if you believe in history. I don't care anymore.
Reply
baliprada
May 22, 2016 12:30pm
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Quoting Moonbeam15
Lets not forget that this "GAME OF CURRENCIES" was for the BANKS. We were let in later, LIKE SHEEP, to be sheared. I would suggest a EYE OPENER U TUBE SITE, "BILLION DOLLAR DAY", shows how the BANKS TRADE in one day around the world.
thanks Moonbeam15 ...
Reply
Ill-b-back
May 22, 2016 9:18pm
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Quoting johnnycash
Do you really believe that retail players can provide liquidity to the the biggest players with their $1000 accounts and 5-20 pips SL or TP ? Common guys, be realistic.
what makes you think exposure to this news item is limited to retailers and/or FF participants?
Reply
maflip
May 22, 2016 6:14am
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Quoting Lacunoide
do the opposite........


Most of the trading call on bloomberg are wrong...
I agree do the opposite. Almost every time they do this it goes the other way. But confirm with the charts.
Reply
Rtm
May 22, 2016 7:24am
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I think you guys getting a little excited here, most large trader IE banks are right 50% or less of the time; but that is only part of the equation.
So what if they said to buy AUDUSD and then it dropped 450 pips? Ever heard of a stop loss?
Its honestly quite funny to think like oh the bank is trying to suck everyone in by telling us to buy xyz/abc ! Albeit this is isnt some stupid penny stock shit! Markets are manipulated everyday to take as many orders as they can and your little account(s) are not going to make the slightest difference in the total market in FX volume.

But if you look at from a swing trading perspective, they using the same shit you do to place trades, so what really makes them any better or worse than anyone here lol? Except that they probably have more discipline and patience than anyone here.
Reply
Lacunoide
May 22, 2016 2:38am
Permalink
Quoting Not-KPMG
No doubt the big "advisers" are wrong many times or spread disinformation. ... That said they are accidentally correct sometimes
While I'm short-sighted trader, in a small frame, i believe the historical lesson is that 6 months after starting the rate increases the dollar goes up.
6 months are over, so time to buy it. Simple, if you believe in history. I don't care anymore.
True...

I remeber an article some time ago on bloomberg on AUDUSD.... after the article it crashed 400-500 pips.... LOL.. and they said to buy..

Most is disinformation, they need liquidity to take trade...


A similar system is used by goldman sachs....
Most of the suggested trade fail

They are banking on the "new people" that are not experienced..
For someone who is in the game for several years you can see cleary the pattern
Reply
Greenstar
May 23, 2016 7:32am
Permalink
Quoting ScorpFX
Very well said and you are absolutely correct. Institutional traders make money because they are FORCED to be disciplined and patient. These guys can't just place any random trade on a whim. There are checklists, procedures and a boss that will fire you on-the-spot if you do something stupid.

It's a completely different animal than sitting at home in your underwear, doubling-up every other loss and blowing account after account.

Trust me, we've been working with institutional traders for years. And they don't have any kind of 'special powers'....
Oh how true this is.
As I am able to stay later and later at home as I take care of final responsibilities at the teaching position before I leave it I manage my trades while present, finally. This has been impossible for so long in Honolulu where London opens at 10 pm and NY at 2 am these days.
Reply
Moonbeam15
May 22, 2016 12:14pm
Permalink
Lets not forget that this "GAME OF CURRENCIES" was for the BANKS. We were let in later, LIKE SHEEP, to be sheared. I would suggest a EYE OPENER U TUBE SITE, "BILLION DOLLAR DAY", shows how the BANKS TRADE in one day around the world.
Reply
johnnycash
May 22, 2016 11:10am
Permalink
Quoting Lacunoide
True...
Most is disinformation, they need liquidity to take trade...
Do you really believe that retail players can provide liquidity to the the biggest players with their $1000 accounts and 5-20 pips SL or TP ? Common guys, be realistic.
Reply
arash66110
May 22, 2016 11:32am
Permalink
Quoting johnnycash
Do you really believe that retail players can provide liquidity to the the biggest players with their $1000 accounts and 5-20 pips SL or TP ? Common guys, be realistic.
If you have 10 millions $ you are still retail trader
yes they need liquidity.
Reply
Lacunoide
May 22, 2016 2:18am
Permalink
do the opposite........


Most of the trading call on bloomberg are wrong...
Reply
Lacunoide
May 22, 2016 2:41am
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I also think that the FED will introduce negative rate in the near future..

They are rising the rate now to have room to cut....

So they are better ready for the next financial crisis
Reply
Moonbeam15
May 22, 2016 2:59pm
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You are very WELCOME!
Reply
ScorpFX
May 22, 2016 3:19pm
Permalink
Quoting Rtm
I think you guys getting a little excited here, most large trader IE banks are right 50% or less of the time; but that is only part of the equation.
So what if they said to buy AUDUSD and then it dropped 450 pips? Ever heard of a stop loss?
Its honestly quite funny to think like oh the bank is trying to suck everyone in by telling us to buy xyz/abc ! Albeit this is isnt some stupid penny stock shit! Markets are manipulated everyday to take as many orders as they can and your little account(s) are not going to make the slightest difference in...
Very well said and you are absolutely correct. Institutional traders make money because they are FORCED to be disciplined and patient. These guys can't just place any random trade on a whim. There are checklists, procedures and a boss that will fire you on-the-spot if you do something stupid.

It's a completely different animal than sitting at home in your underwear, doubling-up every other loss and blowing account after account.

Trust me, we've been working with institutional traders for years. And they don't have any kind of 'special powers'. It simply comes down to emotional control and proper trade-management.

You can have a 50% win-rate and make a killing, just as long as you keep a 2:1 R/R.

Best of luck to everyone!
Reply
arash66110
May 22, 2016 2:54am
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NO HIKE BULLSHIT!
Reply
Trader#C211
May 22, 2016 3:13am
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this is recommended reading for those interested in managing global risk, including bonds, brexit, China and more:

http://www.fin24.com/BizNews/nico-marais-uncertainty-is-investors-biggest-risk-how-do-you-manage-that-20160520
Reply
hdt
May 22, 2016 8:09pm
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Look at Daily Trend Line EurUsd no sign for Sell for swing trader's
Reply
RisklessPips
May 23, 2016 1:57am
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Oh world's second largest trader says blah blah blah. I'm so scared. 20 kin pips is all I want see you at the bar mines a large one
Reply
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