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Nice thread... real and only serious thread on FX. I will observe how the election will affect the currency. It'll be interesting to observe because this is just general election

omg...this stock was $50 in 2015 and it's only $5 now...I should have bought yearly put options on this stock in 2015 lol

You also need a girl who can lift your spirit and motivate your life too , uncle Turveyd lol !!

Nice, ... just one thing you're missing is that not only HFT trade on order imbalance but also on macro info. They make more money with macro info though lol

Turveyd, why do you trade USDJPY most of time? I think euro is more predictable though...

I think eurusd has appreciated so much last week. Time to depreciate. Since GBP has high correlation with eur, GBP will depreciate too?

Once you identify the current trend, you can calculate the midpoint of high and low. Set the stop loss at midpoint. Alternatively, once you know the current trend, set the stop loss just above the long term MA.

lol direction is usually confirmed during euro session when either today's high or low is taken out. All the best with your trading uncle Turveyd

. I feel elite forum is more home. People here are more friendly and experienced but you get more passion when there are more people... I guess. Anyway, I am an academia so I eventually understand how market works. Are you seeing any blondies lately?

Turveyd how are you? I hope you are doing well :) I find elite forum very quite these days...so I have been at more acitve forums and find most of people losing money. At least, now I win consistently over 90% in forex lol

I feel like elite forum is more home but I have been at investing.com for a while since there are more active traders there. I have improved a lot - winning rate is over 90% now. I hope you guys are all good too :)

Given that euro is at their intrinsic value and also there is the French election on Sunday, I expect euro to depreciate substantially either today or tomorrow. One thing for sure is euro will not appreciate much more at the current price level again because its at its intrinsic level and there...

Following Doggy's question, I also wonder the benefit of this method because unless you earn interest, I think it's not easy to make huge profit unless you have banked a huge amount of money in your account...

No retail traders talk about hedging because stop loss is all they know. I teach derivative instruments and when you study market system over 10,000 hours, then you understand how market system operates and how to hedge price/interest risk better than those who never really study

Sorry ZZZ :) I know HK has been using the fixed exchange rate for last 30 years but they survived Asian crisis when the other tigers like Korea and Thailand collapsed. HK business people are smart enough to overcome foreign exchange risk :)

1) no hedging - stop loss isn't an optimal hedging. People who use stop loss can only make break-even at best. When you hedge price risk, it means your position is 'safe' regardless of price fluctuation. So definitely stop loss is not a hedging because when price hit it, you position will be...

Who cares whether US dollar is strong or weak. All speculators want to know is whether one currency is under or overvalued relative to another and take the advantage of the arbitrage opportunity ...

That's not an arbitrage. It's assuming that there is no arbitrage :) To make a profit, one needs to buy low and sell high but this isn't taking the advantage of an arbitrage condition. This is just making a profit through spread. To take the advantage of arbitrage opportunity, one needs to know...

If you want to know the cause of correlation then blame the globalisation. Globalisation is the cause of the substantial growth in international trade and foreign investment.

Euro doesn't look good today. Volatility has fallen, suggesting that price will go through some congestion for a while. May not trade today I would consider a buy iff euro depreciates below 1.06330 The current price is too high given forward rate. There is only 48% (below 50%) of chance that...