Forex Is A Scam

Quote from achilles28:

Protective OTM puts/calls are probably cheaper than super wide stops = better returns @ higher leverage.
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This is an omen, you're the second person to have mentioned that in two days.

I'm planning on building a short Eur/Usd from around 1.48 up to around 1.50 and was planning on a stop above 1.60 which is kinda wide for me but I believe the risk:reward is ok, is this a viable alternative do you think? This is new territory to me....
 
Quote from cabletrader:

This is an omen, you're the second person to have mentioned that in two days.

I'm planning on building a short Eur/Usd from around 1.48 up to around 1.50 and was planning on a stop above 1.60 which is kinda wide for me but I believe the risk:reward is ok, is this a viable alternative do you think? This is new territory to me....
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Short EUR/USD on the open (Sunday Sep 20th and set profit target to 1.46 timeframe 1 week or less)
 
Quote from IShopAtPublix:

Short EUR/USD on the open (Sunday Sep 20th and set profit target to 1.46 timeframe 1 week or less)
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I was planning on shorting the next leg up and slightly longer term, ~1.35 area by year end?

I only have a couple of these fundamentally based trades a year, I think this could be a good one.
 
Quote from cabletrader:

I was thinking of shorting on the next leg up and slightly longer term, ~1.35 area by year end?
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I only think up to 1 month ahead and that is a stretch. >1 day to 2 weeks is where I play.
 
Quote from IShopAtPublix:

I only think up to 1 month ahead and that is a stretch. >1 day to 2 weeks is where I play.
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Ok thanks, I'm usually a scalper and think 1 - 2 minutes ahead!

Like I say this is one of only a couple of these fundamental trades I make in a year but I have a good feeling about it, all the ducks are lining up :)
 
Quote from cabletrader:

This is an omen, you're the second person to have mentioned that in two days.

I'm planning on building a short Eur/Usd from around 1.48 up to around 1.50 and was planning on a stop above 1.60 which is kinda wide for me but I believe the risk:reward is ok, is this a viable alternative do you think? This is new territory to me....
More...

I'm looking at good LT euro resistance south of 1.52. ES south of 1176. We're at solid resistance at 1076. See if it holds. Fundamentally, yea, I agree 100%. Employment and PE's scream overvalued, then a flight to quality. Agree.

As far as FX options. I don't know much. Perhaps try Atticus?
 
EURO is going up after today's open. I don't see why it is a viable short opportunity.. it will be back up to 1.4720 within a few hours of not minutes after the open. (unless it opens gapped up to 1.4720.. then yeah, short that shit)


Don't be surprised if it's touching $1.50 by end week. Very possible because sentiment is "short' right now :cool:
 
Quote from DeeDeeTwo:

The Forex market is highly fragmented...
And surprisingly volatile and inefficient.

If you are an experienced stock trader with good feel...
And you trade on a bona fide ECN like IDEALPRO...
There is no reason you cannot be profitable.

After > 1,000,000 stock trades...
I've been trading Forex FOR THE FIRST TIME in 2009...
And my first 10,000 Forex trades have been nicely profitable...
(Which is a statistically significant sample)...
But keep in mind... I'm very good at this.
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I find little reason to agree with most of your posts. Especially when an anonymous person refers to themself as "I'm very good at this." That actually makes me think you have no idea what you are doing...
 
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