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  1. xelite777

    Potential breakout on the USD/JPY

    Most retail Forex brokers are currently closed but currency traders can still get the price of the Yen and the New Zealand dollar here, for example: USD/JPY: http://www.bloomberg.com/quote/USDJPY:CUR NZD/USD: http://www.bloomberg.com/quote/NZDUSD:CUR USD/JPY is currently at 104.37...
  2. xelite777

    Is it worth trading the week of Christmas & New Years?

    It better be, I just ordered some sushi and sake :p
  3. xelite777

    Potential breakout on the USD/JPY

    Buying USD/JPY again, this time at 104.20 (previous long USD/JPY position was initiated at 104.10 and closed at 104.35)
  4. xelite777

    Potential breakout on the USD/JPY

    Short NZD/USD at 0.8185
  5. xelite777

    Potential breakout on the USD/JPY

    NZD/USD is moving as well, I will wait for confirmation before shorting this pair...
  6. xelite777

    Is the larger time frame overrated?

    Ok, now we are going somewhere. So yes you will make more money with the same trading system using the smaller time frames, simply because you will trade much, much more frequently. And no, the hourly rate is not an issue if you automate your system. So, at the end of the year, Sam...
  7. xelite777

    Is it worth trading the week of Christmas & New Years?

    You are talking about retails traders, I was talking about corporations and high net worth individuals who trade directly on the Interbank. If the CEO of BMW in Munich wants to buy 50 million US dollars right now, do you think he will have to wait until Christmas is over to do so, or wait for...
  8. xelite777

    Potential breakout on the USD/JPY

    +25 pips on USD/JPY ($250 profit per standard lot), closing position.
  9. xelite777

    Potential breakout on the USD/JPY

    Yen seems to be breaking now, keep going boy, or the leprechaun gets it! :p
  10. xelite777

    Potential breakout on the USD/JPY

    And here is a nice rectangle formation on the NZD/USD (15 min). Here the direction of the potential breakout is unknown, so confirmation is needed before pulling the trigger.
  11. xelite777

    Is it worth trading the week of Christmas & New Years?

    There is no Christmas in the Forex market, as Japan and other non-Christian countries continue trading around the clock.
  12. xelite777

    Potential breakout on the USD/JPY

    Nice bull flag on the USD/JPY (15 min). This is usually a continuation pattern.
  13. xelite777

    Is the larger time frame overrated?

    Ok, let's say I buy XYZ stock when the price is above the 20 and 50 period simple moving average (and vice versa for short). Then I liquidate my position when 2 consecutive bars close completely below (or above for short positions) the 50 moving average. As you can see a very simple trend...
  14. xelite777

    Is the larger time frame overrated?

    What makes you think that performance will somehow deteriorate on the smaller time frames, assuming the trading rules stay the same? What if the opposite was true?
  15. xelite777

    Is the larger time frame overrated?

    Absolutely. Give a computer 5000 bars and it will start generating trading signals according to the system's rules. And yet the computer has no idea if the bars you fed it with are minute bars or daily bars.
  16. xelite777

    Only 300 people on ET

    So if you like to play the guitar and join one or more online guitar forums to share your passion, ideas and techniques you are a loser? Interesting concept.
  17. xelite777

    Hot Forex

    Careful TradingJournals, "A bas la veille" does not mean anything, even in French :p
  18. xelite777

    Only 300 people on ET

    Really? Trading dictates the price you pay for bread, sugar, coffee, gasoline, meat, corn flakes, interest on your mortgage, car loan and credit cards, etc... Almost everything you buy depends on trading in one form or another.
  19. xelite777

    Hot Forex

    When are you people going to learn that leverage has nothing to do with risk? I can trade with a 500:1 leverage account and still risk only 2% of my capital on each trade. 500 to 1 leverage simply means that your broker will allow you to buy (or short) 500 units of something with only 1...
  20. xelite777

    Gartman says gold is going loooooower

    A real trader does not concern himself with any particular financial instrument, be it gold, sugar or Mexican pesos. If horse shit futures is moving up he will buy horse shit futures contracts, if they are liquid enough (no pun intended), period.
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