Search results

To add to the contrarian Jim Rogers trades....:) I am also long USDJPY (short JY Futures) for the same reasons. If you look closely at the USDJPY monthly chart you may draw the same conclusions that I did. The spring is coiled so tight it may explode. The red dots is just a simple visual...

atticus, I have been short the swissy (long USDCHF) for a few days and it really has not done much. I am taking every breakout I see on this pair right now because I have determined that the Monthly chart is in consolidation mode and is "coiled" for a breakout. Many think it is in favor of...

I heard the comment, "Currencies are a Fundamental" by a guest on Bloomberg the other day. I do not even remember who it was. Seems it may have been someone from Bear Stearns. I thought about this a little and I think it is a rather profound statement and may change the way we think about...

One thing I do not like about Jim Rogers. He constantly bashes the US. Moves his permanent residence, wants his kids to be like the Chinese, has no faith in America, etc. I think his bow tie is a little to tight. Not that I do not agree with "some" of his comments, but he better hope all his...

Why did the original poster who has never posted here decide to announce his intentions of quitting his profession in a public forum? Stand up in church and announce it. Not here.

You can check with Baron, but I do not think the word "broker" is allowed in your first 1000 posts here at ET. I could be wrong. I was wrong once in 1971.

Go on.....

I am not in my trades because of carry trade unwinding or winding. I am in my trades because the price trend is UP in the YEN and DOWN in the AUS for the short term that is. I was originally commenting that I feel like I am trading the stock indexes instead of currency lately. Strange times.

So because of this, you will not take a postion in the JYen and hold overnight or over a weekend?

I'm not sure I agree with you, but I will give it some thought. I don't understand what you mean by "past trend". Do you mean what happened just a few ticks, or a day ago? Or do you mean trends that occurred in the "past"? I did not say it wasn't speculation, only that I am not predicting, just...

Currently short on this one also...

So far so good. This could be the trend of all trends. Or maybe not.

Here is the other side of the trade. Short AD also. It is times like these when it is hard to be a trend trader. When you feel like you should take profit. It is rewarding however when you get a big move down and you know you would have closed the trade if you were a discretionery trader...

So far (he says sheepishly), the long yen trade has been working out okay. I am now loaded long to the maximum. We'll see.

Price is down, I am still short until price is up.

I realize it is fun to discuss these kind of fundamental issues, but I will never understand why anyone would want to spend there time trying to predict price movement. It is a losing game at best. Just follow the price and manage risk.

I am a trend trader so I don't have a view. I just react. I do find it interesting that right now my systems have me short AUD, GBP, CAD, and long Yen. (short USDJPY) I have been long Yen on this current leg since 10/19. Yen is up so I am long.

"If " is not a nice word. If price goes up, then buy. If price goes down, then sell. You have the same bug I had a few months, yes I said months, ago. I am still feeling the effects of my illness.

The easiest way to do it is buy futures on the CME. Cheap and easy. Just roll'em over every once in a while.

I have a position in JYen futures so I have been keeping a pretty close eye on it lately. It is almost comical to watch the JY trade against the Index futures, especially in the afternoon EST after Europe closes. It is almost a tick for tick match with the ES. It has been like this for awhile...