I’m absolutely fascinated with “all things Japanese”.
In particular – The Yonaguni Monument (与那国島海底地形 Yonaguni-jima Kaitei Chikei, lit. “Yonaguni Island Submarine Topography”) a massive underwater rock formation off the coast of Yonaguni, the southern most part of the Ryukyu Islands. There’s debate as to whether the site is completely natural, is a natural site that has been modified, or is a human-made artifact.
Of course I’m convinced it’s evidence of “ancient aliens” but then again…..I digress.
I likely eat / prepare sushi 3 to 4 times a week, love saki….and am currently practicing some “simple spoken word” while not on the rooftop – working on the spaceship.
A special thanks today – to Japan!
For all you have that’s wonderful, and of course the Nikkei! ( kindly respecting my wishes and turning downward), for JPY and it’s strength, for sushi, for sake, and all the other wonders of this incredible land!
Konichiwa Kong-San!
On the lighter side, sake, vodka, a hearty Cab, I knew we were on the right track:
From FxStreet…..
If you like FX and the odd drink, you’re gonna love this! The idea to be tested was that drinking alcohol can help to solve problems. To test this, study participants were given bagels and a couple of vodka-and-cranberries, and then asked to solve puzzles The results showed that participants were better at solving the puzzles after the cocktails.
On the darker side, Poland has confiscated about 50% of each person’s retirement account to help pay off some of their national debt. Saw it in Newsmax or some other right wing, extremist site I read.
Eastern Europe Baltic states are supposed to be in better shape than the EU and US!
Pony up the shekels baby, Barrack needs a new pair of shoes!
He he he……
No one is really safe, as the “small print” has it that “your savings” are essentially “the banks savings” – should the need arise.
Blind trust in the banks? Blind trust in the governments? Perhaps a generation ago…..not these days – as nothing surprises me anymore.
A couple drinks gets the juices flowing for sure – I’ve no trouble with solving the odd puzzle er two….and don’t mind having a good time doin it!
Salud Dev!
know the direction of currency pair and timing our entry is probably different thing, imo. Timing is not easy and… from others i learn that its better to use MTF analysis combined with ccy strenght index. An interesting article i read at http://www.forexearlywarning.com/forex-parallel-and-inverse-analysis got my attention recently. It’s seem a correct way to refine entry rule/timing. Any idea .. Kong
Thanks for EUR/AUD trade .. as always … really insanity trade idea
Timing with Forex will “always” be an issue ( as outlined with my recent USD/CAD short taking 12 days to pay off ).
With all the hours, and all the tech / math I’ve thrown at this to provide the most accurate timing “known to man” – SIDEWAYS WILL ALWAYS BE SIDEWAYS!
I’ll read the article here in a bit but it won’t matter. I HATE SIDEWAYS – but accept it as a part of trading.
Insanity trade for example. Bad entry price ? Nope. Instant rewards? Nope.
I touched on this the other day with Dev. CONFIDENCE in your longer term / fundies help you beat “sideways”….as well a staggered entry approach.
Patience and confidence. A very tricky equation. A pyschological equation no?
Japan and yen has been frustrating as once again the losses have vanished overnight!
The big turns take much longer Robert. It’s not at all surprising that this is “hanging” here.
You can jump in and trade “noise” on the smaller time frames, and like all of us…..hit a couple “fast ones” (Actually… I do it daily , but only after the trade has shown itself on the larger time frames) but that’s all it will be.
I don’t give a “f(&k” about 25 pips if that helps….or 50 pips…….or 100 pips for that matter. I like cleaning house on a trade idea….with 300 – 600 type thing.
JPY is a piss off sure.But do you believe in the trade? Or are you just trading noise?
I want to believ in the trade but these moves do shake my conviction.. currently short usdjpy but it seems to struggle to break down
The larger a time frame you consider……the “smaller” your position needs to be.
Smaller position size…wider stops……bigger profits.
And here is a tough one…….trading USD/JPY is trading “two safe havend against one another!” – not my favorite.
Kong-san wrote: “Smaller position size…wider stops……bigger profits.”
Kong, you have created the first Nipponese fortune cookie!
And truer words were never written.
The witching hour approaches and I shall stay awake.
there’s a motto by trader that said: FUNDAMENTALS ALWAYS WIN OUT IN THE END…… ALWAYS… but doesn’t tell what time-frame he used to ‘bet’ its direction … 3 month looking forward or 6 month time-frame… ehm … probably 5 years ahead. Me confuse …. john maynard keynes said, ‘ in the long-term we’re all dead’. As trader (much more like baby) there’s much mixed emotions in the head and my brain, we don’t care about economics, just bet on price whichever it go .. UP & sideways … DOWN. Again … Kong : what its mean thinking like fundamentalist and trade like technician. Uhhhh …
Tio!
I had a quick peak at your link, and hope to give you some additional insight.
When I look at a specific currency say….GBP for example. OF COURSE I LOOK AT IT ACROSS ALL PAIRS BEFORE MAKING A DECISION!
“Relative strength” ( or weakness ) in any given currency “pair” is mearly that! BUT “OVERALL STRENGTH or WEAKNESS” can only be truly seen when you look at a “specific currency” and it’s movment in “many pairs”.
You’ll see that last week GBP was up! Up against USD, up against JPY , up against AUD everything! That’s strength.
It’s movement “specific” to one pair is exactly that – just one pair……and (for me) that isn’t enough info.
I want to put the “strongest currency” against “the weakest” and focus on pairs that exploit it “after” I’ve made this determination.
Hope it helps.
Hi Kong thanks for the insanity – are you still in it ?
You bet I am.