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Posts by "rob"
366 Posts Total by "rob":
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Posts by Anonymous "rob":
Does anyone on this site trade with FXCM - I need to switch from Gain/Forex.com. The spreads are horrible. Any other recommendations are welcome. Thanks
Yeah, I know, almost did miss it - got in pretty late - 86.32
About that boat - when do you think it will return to shore? Do you feel we should take profits at the targets mentioned above? Is the market still that volatile - my opinion would be to leave it for a few days at least - I can't see the next few sessions resulting in any massive gains for equities which will obviously keep this pair down. Do you see anymore "astroturf" (great term by the way) showing up with equity traders and economists calling it "green shoots?" Maybe US and CAD CPI and PPI figures in a few days? Thanks a bunch.
Great chart, and I like the reasoning behind selling CAD as opposed to GBP or EUR against Yen. Just saw an article on Bloomberg about CA central bank governor buying bonds or getting into QE. That should crush this pair. Thanks for your help.
Just got news from June 11th on Bloomberg that NZD central bank governor, said strong (rising) NZD/USD "unhelpful" and "a real risk." You've been slanting towards the short side of the NZD/USD pair for a bit if I remember correctly from other IMT's and comments. It opened quite lower at start of Asia, not sure if it's related - do you have any targets on that pair; and are you bearish NZD against USD? Thanks again.
I missed your webinar because I was working, I'm sure it was well received by everyone. Is there any chance of seeing it online at this point?
Also, is there a correlation with the "exact" time or day that the Fed buys Treasuries and a weakening in the Dollar? I see the Fed is scheduled to buy 4 more times over the next 2 weeks. I'm wondering if it's the actual buying of the bonds that kills the dollar, or just all the talk of it, like on March 18th.
And will treasury purchases cause the dollar to decline in the coming weeks, even if stocks lose upward momentum? Or does risk aversion with stocks declining supercede Fed purchasing treasuries?
I'm very much focused on Gold's move to $940 - do you see support at this level?
Thanks for your help as always.
Thanks for giving me the heads up on that - I certainly won't be reading any Japanese blogs any time soon, or ever for that matter. I think I'm emotionally attached to GBP/JPY and EUR/JPY because I've done well with those pairs in the past, but AUD/JPY definitely makes sense (as do all yen crosses). Good luck to you too!
Great interview - in fleshing out more details of the markets. How do you feel about plays for the Asian session tonight? I'm sure the Nkkei will rise, given the fall yesterday and the gains in Europe and US today. Do you feel it would be good idea to go long GBP/JPY or EUR/JPY? They do seem to have a strong resistance at 162.00 and 138.00 though. Any thoughts are always appreciated. Thanks
Not sure how new you are to Forex, but it can eat people alive - and make them richer than they imagined, without having to put up capital. I day trade when I have time, and fortunately don't have to rely on capital markets as I make money in the labor market.
The strength you are talking about in GBP, AUD, and EUR may be seen as bullish BUT those pairs slid so far and so fast that there just had to be an upward correction coming - I should have went long EUR/USD at about 1.3920 when I thought about it. Pairs can only dip so much before people come in as bottom-feeders or take profits. You should keep your eyes very close on equity markets and USD pairs. What I mean when I say this is that sometimes Forex pairs already calculate equity drops in (e.g.: pre-market), and then if the dow opens at say -100, USD selling begins if stocks pare any gains, despite still being in the red. Also, today, the downward move in stocks bottomed out around 120 in the dow I believe - I believe it wasn't until the dow crept back up from the bottom that people started selling the dollar again. It's all about timing. I understand your frustration though, I've gotten burned pretty badly this week as well. Let's keep our heads up and continue to help one another!!! BTW - Ashraf gave me this advice when I met him in person - Don't try to stick your head out if Forex - which I took as - don't try to be a hero and make a ton of money overnight, even though that's what we all want. Hope this helps, and maybe just sit back and watch a bit - maybe stay out a few rounds. Take care and good trading.