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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
gl
Yes that was liquidity crunch. It will happen again. I happened to be on the short but that was pure chance. Next time I may be on the wrong side when crunch hits the fan.
As for now, as CBs after the japan earthquake have provided 1 trn (!!) of liquidity, every market model that had 50% hit rate in the past, will continue to have 50% hit rate. But models with hit rate of 60% ( or 66%, the exact theoretical maximum of chart astrology) will now drop below 50%.
The only way to trade is now high frequency pip hunting. Do not expect an average hit rate of more than51%.
@Adamcpf, Best to you and I hope you achieve your goals.
Fantastic posts gentlemen, very helpful indeed. Since i've been coming to this site my trading has improved tenfold, in every aspect. There is always something to learn. Thanks alot and have a nice weekend.
Adam