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    self-sabotage

    I feel I only turned a corner a short while ago. But the thing of it is -- I knew what I wrote to be true years back, yet it wasn't until I realized, developed, and fully embraced my own conception of what kind of trader I wanted to be and understood how I could successfully interact with the...
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    self-sabotage

    The key for me was to identify the circumstances which would most likely lead to a series of compounding mistakes, and rectify/eliminate those circumstances as soon as possible. Trying to refresh one's objectivity after a "misread" is all fine and good in theory, but the problem is you can...
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    What do you folks think of this basket?

    It doesn't have to go that far at all, China and the rest of pacific rim slowing down faster than people expect will easily hurt that pair, there a variety of other scenarios that could occur as well. Directional risk is still there; the leverage you use for those triplep-digit APR's will hurt...
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    What do you folks think of this basket?

    I believe there is no difference whether the strategy is implemented via futures or cash, either you receive the interest incrementally or through simple convergence via futures. What I mean by "already priced in" is illustrated in JPY movement this past week -- if not for the carry traders...
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    Cash & Carry (Standard)

    I'm sorry, I meant to post the above in your other basket thread.
  6. I

    What do you folks think of this basket?

    I think it bears repeating that there is NO inherent edge in playing nominal rate differentials in a passive carry mode. Unless you have the ability to anticipate one currency's rates rising or falling vs another BEFORE the street prices it in, you will have no advantages simply going long a...
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    Cash & Carry (Standard)

    I think it bears repeating that there is NO inherent edge in playing nominal rate differentials in a passive carry mode. Unless you have the ability to anticipate one currency's rates rising or falling vs another BEFORE the street prices it in, you will have no advantages simply going long...
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    What College Degree Is Best For FX?

    Put some effort into studying anything to do with spatial/temporal/verbal composition (drawing, musical arrangement, film/video editing, poetry) to aid you in developing your sense of rhythm. Literary analysis will prepare you for deciphering the "theme" of current market conditions. Physical...
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    Video card question

    I am about to order a system from Dell with the 256PCI Express nvidia GeForce 6800 and the 24" 2405 flat panel monitor. Will the card survive if I hook up that monitor through DVI while also running a 21" Sony trinitron via analog?
  10. I

    Never-ending Dell Monitor Sale continues

    Any current coupon codes for the dell 24" flat panel?
  11. I

    does the money make you happy?

    In my experience, beyond the initial euphoria, you basically end up being no happier or sadder than you were before. Some problems get solved, new ones get created. Speaking strictly of the money itself (aside from the satisfaction of the hard work put in to obtain it, if any), I would have to...
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    great new FX book!

    Getting back to the thread topic, the book nicely summarizes most of the key elements that FX traders pay attention to. The one hitch is that "Daytrading" could have been left out of the title of the book; I assume it was used to capture the attention of stock daytraders looking to crossover to...
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    My Theory On Predicting Long Term Range Breakout

    The problem is either markets overshoot despite a turn in fundamentals, or they anticipate the fundamentals and begin turning far earlier than the statistics will show. So basically, you're back to square one in predicting a range breakout -- sometimes a breakout will work, sometimes it...
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    Is Fx trading the hardest instrument?

    I guess this is in response to what I posted earlier; I did not intend the concept of "market out to get you" as an excuse for one's failures at all. It is completely your own responsibility whether or not that statement is "effectively" true. What I meant was that thinking of the market...
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    Is Fx trading the hardest instrument?

    Market is definitely not random. In fact, it is more like the opposite: the market IS out to get you. If not you, it's someone else; if not now, it's later on. Keep doing the same thing, and eventually you will get caught. Start from this principle and you will go much further than...
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    do you watch the news while you trade?

    I dunno, I don't see how anyone trades (esp bonds or currencies) w/o knowing, for example, what was released alongside the FOMC decision today. If you're just chasing momentum then fine, information leading to forming an opinion might just get in the way and slow you down. But just because...
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    Anyone know if they are breaking those Silver trades

    No all trades will stand :)
  18. I

    Why Gold is jumping?

    What just happened in silver?
  19. I

    Where does everyone live/trade and how old.

    30, developed tourette's in 98.
  20. I

    Would you Trade a System that failed a backtest ?

    It's like asking would you look to buy a burger after you've walked into a Pizza Hut? Why did you go to Pizza Hut in the first place? People here seem to be getting sidetracked onto whether or not pizza is desirable to begin with, which is another question altogether. The salient point in...
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