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This trade is working out nicely. I still see a run down to 90 - 80 area as highly likely. OJ was looking surprisingly weak while the majority of the other commodities were looking strong and that's why I took the trade. With any luck there will be at least one or two low risk opportunity...

Does anyone think that the USD could replace the YEN as the new carry trade currency?

My opinion is that trendlines are coincidental. What's really going on is price breaking through HORIZONTAL resistance, which price retraces to and tests before continuing up to tackle the next HORIZONTAL overhead reistance. Yes you can join the bottoms and draw some nice trend lines, but...

This looks like a great short down to 99.00 area. I'm waiting for a low risk entry then I'm jumping in.

You never wait long for a trend in currencies.

Without going into too much detail, his courses aim to make language learning fun. I found other courses a chore, but with Michel Thomas he urges you to just relax and leave the responsibility of learning the language with him. I should add though, that there is no reading or writing involved...

Why not keep the job and put 50% of it each year into your trading account (assuming that you are swing trading successfully).

I learned spanish from the Michel Thomas Audio courses ... I cannot recommend it highly enough. He also does French, Italian and German

Wise words Illiquid. I suggest beginers build this assumption into their trading. That is, they must assume that at least 50% of their trades are going to be wrong, and that they will be stopped out (let's hope they have stops in the first place!). Once a beginner accepts this as the...

Most beginners would have a better chance if they began on the assumption that at least 5 or 6 out of every 10 trades are going to be losers ... then take a good long hard look at price and money management until they can figure out how to turn a profit whilst accomdating this assumption.

I don't think that massive risk with a large % position is a good idea. It's only a matter of time before you lose big. There is another way to trade a large % position with small net risk .. that is to add to the position at logical points as it progresses and move your stop. Many times this...

The only thing that counts is that win rate * average win - lose rate * average lose > 0. You need to backtest your method sufficiently (I prefer hand testing) to verify over significant volume of historical data and markets.

Ok my order got picked up today. I had almost forgotten about this one! Good luck to me haha

Focusing on price action alone is part of the puzzle. The next thing is to arrive at defining one trading signal to the point that it will jump out at you from a price chart and you will know exactly where you will put your entry, initial stop and far more importantly how to manage the trade as...

According to one source, shortly after the phone call two cops were seen to visit Bernanke. Leaked from an intern source, the words were heard to come from the ensuing discussion: "don't tase me bro ..."

The way I see it, gold completed a bulish flag on the weekly charts and has a projected move to the $950. Why get so hung up on what commercials are doing etc. IMHO when the charts (especially longer term charts) project a move like this, nothing can stop it. Take the long trade, manage...

The charts say we are going to 940/950 area first. I think it will happen this week.

Is it? Not against the Yen it isn't.

My thoughts on this are that the current unwinding of yen carry trade is forcing mass position liquidation accross the board ... this includes the massive aggregate of short dollar shorts. Also, the rate cuts were probably baked in to a degree.

Hmmmm ... smells like hapaboy or haroki ... I better open a window.