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- ForexDragon replied Aug 29, 2007
Maybe some of you have noticed a pretty interesting correlation the USD/CAD has been having with the carry trades. When the carry trades were unwinding the USD/CAD went up, but when the carry trades resumed their course today the USD/CAD immediately ...
- ForexDragon replied Aug 29, 2007
How much management fee is your account manager charging you? I'm assuming that the 50-70% yearly return is before management fees, but I could be wrong. Personally I still don't like the idea of turning my money over to someone and relinquishing ...
- ForexDragon replied Aug 25, 2007
Compounding, Warren Buffett's wealth formula... if we could all be consistent and actually follow this formula then in about 30 years we could be multi-millionaires too. Why so many of us struggle with trading is because of fear and greed, the two ...
- ForexDragon replied Aug 25, 2007
Hi Dr. D! It's good to have you around these forums, wise one. We are all wholeheartedly passionate about Forex here, and I think this passion is contagious! I would also like to take this opportunity to thank all the wonderful traders for their ...
- ForexDragon replied Aug 25, 2007
Holypendant, 21.6% ROI is pretty good, I would say, but for the kind of risk your account is put at, I think you would deserve more than 21.6% per year. The market can easily reverse on your position one day, and believe me, GBPJPY is one of those ...
- ForexDragon replied Aug 24, 2007
Thanks SunTrader! Hope to learn more from you all! -Dickens
- ForexDragon replied Aug 24, 2007
To all the traders who actually tried to implement Mr. Genius' hedging system, I hope you didn't trade with real money because you would have been slaughtered... And I wonder where Mr. Genius went???? -Dickens
- ForexDragon replied Aug 24, 2007
I think the GBP/JPY is a really good pair to have in a mix of currency pairs just for the interest alone, but it is way too volatile and to solely trade the GBP/JPY is NOT the way to consistent profits... Warren Buffett didn't accumulate his wealth ...
- ForexDragon replied Aug 24, 2007
This is only if you have really deep pockets.. you are absolutely right.. because buying mini lots with $100,000 account means that you are only using 0.05% margin per position. Even through that credit market crash you would only have used 1.5% ...
- ForexDragon replied Aug 24, 2007
Emotions play too much in our trading. I think that 95% fail rate would be reduced significantly if everyone traded systematically without emotion. But then again, money is an emotional subject and it really is easier to say than do.
- ForexDragon replied Aug 24, 2007
Great article man! It's exactly what I have in my signature! Thanks for sharing, I think I will print it out and keep it in my binder so I can view it more and have it hardwired into my system! -Dickens
- ForexDragon replied Aug 24, 2007
I think the 1.0465 - 1.0490 zone is pretty strong resistance, so as long as 1.0465 stays in tact then going long would be the best bet. Best risk/reward at this point. If 1.0465 is broken then 1.0342 is in play... I'm long at 1.0480 with a S/L at ...
- ForexDragon replied Aug 24, 2007
I find it pretty hard to day trade with the Yen crosses, because they're the pairs that least obey technical levels. I would just try to buy as cheap as I can and hold them medium-long term and enjoy the daily interest (especially triple interest ...
- ForexDragon replied Aug 24, 2007
Technical Analysis aside, I think we have to place more weight on trade sentiment. Are investors still risk-averse? If the credit woes have been calmed and investors are ready for risk again then we will most likely see the carry trade rocket up to ...
- ForexDragon replied Aug 24, 2007
There's lots of strong resistance up ahead...2.0155 is the 50% Fibo of the entire move down, and 2.0180 is the 50 Day SMA....it's going to be pretty tough to break those, which will really be a test of true cable strength next week. -Dickens
- Posts by Member Search: 'ForexDragon'