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I have to admit though, the USD/JPY short was too premature. I can't trade a breakout at this time of the day.... so I'm closing a bit of it at a 0.064 % loss + widen the stops to 102.22/37
 
xelite777 said:
Clear to the majority of traders.

Remember what legendary trader Bernard Baruch said:
"The main purpose of the market is to make fools of as many men as possible"
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That is a rather paranoid view hahaha.. But yes, markets do not reward the majority. That's a fact.
 
On the topic of great quotes, here's the reason why I'm very greedy right now:

Be fearful when others are greedy, be greedy when others are fearful (i.e. the yen shorts) -> Warren Buffet
 
xelite777 said:
Thanks, same to you.

By the way, watch this, the AUD/USD is going to touch 0.9350 (about 20 pips below current price) and THEN it will resume its uptrend.

I will be waiting...:cool:
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Nice call :) did you have a target posted or did I miss it?

I am actually still short from several days ago looking for 0.9000 zone.

Sorry, I know it's not a live call technically, but I just noticed this thread.
 
xelite777 said:
Well, on the 4 hour charts, it seems like the NZD/JPY is testing the breakout line, take a look...
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Yes, depending on how you draw the trendline (off of which highs). Only thing worrying here is Wheeler's recent comments about high-valued NZD. But who cares, a hedge is a hedge, and will let me sleep tonight better.
 
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