US Dollar Index

Quote from SethArb:

I am looking forward to reading about your future

currency hedge fund .... or future head trader at

goldman fx desk gig


good luck ... keep us posted :)
More...

SethArb, I'm strictly private, man. I like to help my fellow (private) traders to advance in trading when I can with pointers/coaching - no charge - I am happy to do so, as, others have helped me.

I would never run a fund and never work at goldman fx desk - it is too much fun taking their money in trade!

Seriously though, about the USD, I have gone over it a hundred times and analyzed every view - even one of my trading buddies calls USD bull runs and he has been right every time so far - even though he cannot place a reason on it - his charts tell him the same thing, apparently, that Kicker may be seeing.

My sell signals continue to prevail.

As traders, we should not trust just a chart OR fundamentals. We must make our own decisions.

We must ask ourselves, when in a drawdown, "would I still be in this trade even if it wasn't going against me?"

If the answer is yes, we should stick with it. Many professional traders were right using their trade structure, just to find the trade go against them in the beginning so they closed the trade with a stop loss - only to find they were right after all, only, they just got in too early.

Overall, as traders, we must use common sense and our own individual mind no matter what system we have in place, there is little replacement for proper judgement.

What is your rate of wins to losses in fx?

Your trading friend,

Gamal Saham Ruach
 
Quote from Kicking:

I concede I would like the dollar to bounce and come back since my trading profits are in dollar and I am outside the US. I would just love to see this most ridiculous pound crash to the basement like in 1992 .
More...

Kicker, my best friend is sitting with 1,000,000 units (10 lots) 1000 points down (buried) in USD long because, similar to what you indicate, he thought the dollar would come back.

When I suggested that he short the USD/JPY spike up, he just about ripped my head off - LOL.

Well, as traders, perhaps the more difficult thing we deal with is separating what we want to have happen with what IS happening or what WILL happen.

I know what yah mean, bro, and sorry if I was offensive.

If we want the trade to go in our direction ... perhaps we just need to spend a little more time manipulating our trade structure so that we win instead of going from shock to shock as we get hammered time after time by surprises and consequent losses.

I also concede that these past two weeks have been a bit radical. Late last week I had to tap into my profits to release 10,000 units I had long in EUR/USD up at 1.2840 ( no fun ) however I am now glad I moved on it because after I recovered that trade ( 227 points down ) the market tanked into the 1.2380s.

I probably would have jumped off a low bridge and got a concussion - better to use some profit in defense if needed, right? And it wasn't even a question if I was right or wrong - it was just survival ( well, that, and I started to miss those 10,000 units - hehe ).

It was a currency test I ran - and, boy did I get the results I was thinking about - ha! The results of that test helped me because I now know more of what not to do.

Take care.

Your trading friend,

Overload
 
I am not anywhere the trader you are

I do have profits when I am patient with my trades

and do not overleverage them

all the best

seth
 
Quote from SethArb:

I am not anywhere the trader you are

I do have profits when I am patient with my trades

and do not overleverage them

all the best

seth
More...

SethArb: You have no idea what kind of trader I am, so how can you possibly make that statement?

As traders we are all up against the same thing. There is really no "level" of traders.

I have found that the traders who are all cocked out and haughty are tomorrow's losers.

I did not mean to brag, I just stated facts.

I am seriously concerned about my fellow traders losing and, if you trace my forum history back to the beginning (not just on this forum) you will see that has always been my stance.

I thank God there were kind traders who took time to help me to advance. Without them I would still be blowing (demo) account out after demo account ( I think I hold the record for most margin calls on demos )

If I close my next 2000 live trades in profit then I will be cocked out and haughty no, just kidding - ha!

No, really, I am into doing what it takes to win. Not interested in losing one bit. It is too much of a bitch to deal with for me, emotionally and mentally.

We are ALL on the same level in the markets brother. I am in no way superior or however you put it to any other trader.

I just happen to not lose (so far). That's about it.

By your stating that you do not overleverage your winning trades it is clear you have the makings of a great trader!

If there was a single rule I had to pick out from all the others that has helped me the most it is probably: Trade in proportion to your account size and do not overleverage yourself.

That is brilliant of you to see that!

Right on, Seth!

Best regards,

Sam
 
You must log in or register to reply here.
Back
Top