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I think usdjpy will not appreciate much anymore until there is any change in policy. Read the following article https://www.fxstreet.com/news/japan-ldps-shimomura-hopes-the-yen-doesnt-get-much-cheaper-than-its-current-level-201612070258#utm_source=tco&utm_medium=twitter&utm_campaign=fxstreetnews...

Markets are too volatile today. It's going through some correction after yesterday's huge upmove. I give up on trading today, good luck ! I think the long term direction of eurusd is UP, not down. Just be careful if you want to short eurusd today.

Just finished reviewing yesterday's chart. There was a selection bias in my trading. It wasn't only USDJPY I missed out on ... there were cross-pairs to EUR - I missed out on all of them. Very disappointed and will overcome the selection bias next time. Today there isn't much to pay attention so...

To overcome sort of selection bias - I don't pay attention much to something I don't know.

what is NQ? is this an index??

Mr big Mac when will you come back to Forex ??

Thanks jsspmk for the information... I don't come to ET for education. Information is very important in this business and this is only reason why I am staying active on ET. I guess this is called collaboration, and only this way, it is no different to running a global financial institution.

already?? oh shit, that was quick ! I thought it was going to be the end of the world :)

Eurusd has just recovered to 1.6500 just an hour later I closed them ... I will certainly need to practice holding longer period from now on, feeling really gutted...but what's more disappointing me is missing out on opportunity on usdjpy ..

Closed all eurusd positions now at ma20 resistance (1.05830) 30 minutes - made 80 pips of profits. By the way, there is too much volatility in usdjpy at the moment as it is going through some bear trend. Well, I will never consider taking a short position and I guess focusing only on long pays...

No, my point is that's how a short position was introduced to the market - for hedging purpose. Likewise, I would never take a short position unless it's for hedging/insurance. Brokers are smart, they know traders lose more money when they take short positions than long positions because there...

Taking a short position is not appropriate trading/investment strategy. It's like you're hoping for someone go down the hill. That's not a good mindset :) Short positions are introduced to the market for commercial traders to hedge their price risk, not for trading/investment purpose.

Oversold condition and support with double bottom. Given that resignation of Italy's Prime minister has nothing to do with fundamental information, I initiated long at MA 100 for EURUSD. Besides, the spot price has deviated excessively to futures price, expect a correction here after the...

Break even. Made a profit on AUDUSD but a loss on USDJPY. I hate the chart for USDJPY futures. They have the reverse one - JPYUSD and hard to utilise it...but it was partly my fault too because I knew USDJPY was in overbought condition. Anyway, I am determined not to take a short position now.

No problem, just initiated a long AUDUSD at MA 100...after there was a substantial depreciation. Also I set a stop long above MA 20 for USDJPY. I don't expect price to depreciate substantially again.

this is catastrophic ...

so this is why Xela was so confident after all...using futures contract price/volume to predict future price. It's relatively easier when there is a sign of future direction of a price especially, when the spot price is excessively deviated from futures contract price (when there is no change in...

AUD futures contract for March 2017

I get it now...EURO futures contract for March 2017 is expected to be around 1.0727 so commercial traders anticipate it to appreciate higher around January and February.

Actually what it means is that commercial traders are taking short positions . You anticipation might turn out to be right. But the fundamental information about AUS economy is not too bad so I think that it won't depreciate much. They have been keeping both unemployment and inflaction constant...