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+1 if any city in the world can do it, Tokyo will be best prepared. There is no country like Japan and no people like Japanese people as far as things like 'order in society', 'respect,empathy and concern for others' and 'need to act in a unison way', 'putting country and society over oneself'...

alright i saw the price going to 1.2125 and then waited for it to reach below 1.208, but covered at 1.215 when it started to rally back. Maybe there is some truth to this rumor who know, price has been up for more than 45 minutes now. Its generally too long a period for a rumor to hold, also...

rumor: SNB considering moving peg to 1.25. SNB declined to comment on market rumor. I am fading this one. I don't think they are going to do it. Entered short at 1.217

+1 I have been thinking on these lines but didn't have the conviction to write this. If someone has a systematic strategy that works (lets say PF > 1.8 or so), and if he is only following that sys. strategy, then such a DD shouldn't happen. Maybe, the subjective/abstract/news related ideas...

True, it is too early. At this stage, they will give up only if they realize that Euro is breaking up - at that point maintaining parity loses all meaning. But what is the probability of this happening now - Very remote in next few months, imo. As and when Greece does default, it should lead...

What do you think about going long close to 1.20 ? It seems it is a risk-free trade with only upside. The potential risk being that sometime catastrophic happens when you are in the trade. e.g. Greece defaults, Germans declare no more money for bailout, whole ECB resigns etc. etc. Then EURCHF...

Thanks, good advice. Actually, I have been following rules of my strategy very well and am also following the correct money management. With the amount of research I have done on my strategy, I have complete confidence in it and have also been following it correctly. I developed it last year...

I did more work on position sizing. As I said in a previous post, I have identified 15 different kind of set-ups that I am going to trade in a discretionary fashion. I have defined the risk I am going to take on each set-up 'as of now', based on my trading experience. I will start keeping...

Thanks for feedback, I will take a closer look on it again, I am still far-off from reaching 5k in account equity.

Very good points. Thanks, especially the point about bigger account, bigger losses. I think that might be true. I looked at my largest daily losses from Journal start - over the last 6 weeks (33 days of trading). I see that on 9 days, I had >10% losses: ranging from -45% to -12%. Reason...

Thanks for your post. I am 100% sure this strategy works, I have done many tests on reliability and robustness of the strategy. And yes, I am not executing it correctly. As of now, my account performance is not reflecting this strategy's performance rather is reflecting all the discretionary...

Update for week 6 ending Sep 10, 2011 : +700$ for the week. 2nd profitable week out of 6 weeks! In terms of risk management, I am not happy with myself. Even though I ended up higher, it was fairly volatile with account equity moving between 3200 and 2400 three times during the week. Two...

Chances of terrorism on 11th is pretty slim imo, because its a sunday. If they have to strike, I think they will most likely choose some working day - so imo, all of next week (especially monday tuesday is more important). Probably good to sacrifice any long positions in markets this week and...

I have not tested above and am not aware of Joe Krutsinger's study. I don't even know who he is :) But, I have a feeling that the edge being going against the risk averse public and public trying to not run positions during weekend sounds true. Thanks

GoC, you are absolutely correct and thanks for pointing this out. The reason I put the stop at 1850 was because I was over-leveraging myself, in hopes of a quick up move above 1920 or so, without any significant retrace at all. 1850 stop was not meant to ride the trend. Its objective was to...

There is a subtle difference. That blog measures all down Fridays. OP is saying sell those Fridays which close near day's low. You can arbitrarily assume that a 2-5 points close within day's low meets OP's condition and then test to see if OP's observations have merit or not.

Dear DMO, Your detailed explanations are very valuable and very appreciated. It is clear that you trade options and you have an indepth understanding of greeks etall. Why not consider starting a thread on ET, where you take some of your time to outline the basic options strategy and greeks...

It has been 10 years since the day that changed America and the World forever. This Sunday will mark the anniversary of the deadliest terrorist strike on US. Maybe it is another reasons for market fall today...

Yes, it shows their determination to do everything in their power to put a floor for eurchf at 1.2. In the process, institutional traders and hedgefunds will get hurt badly. If they are successful, it will be the 2nd example of a central bank (after HK in 1997) which managed to keep the exchange...

Yes, good point. I entered long at 1873, 2 contracts. The trade will be on for a week or two or longer depending upon price movement. I will keep trailing with stop just below last 2 to 3 days lowest price. - I am predicting that price will be above 1950 within a week and might cross 2000...