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- flytox replied Nov 6, 2015
EurJpy: We enterd short 25K at 132.514 and have a limit sell at 133.034 Why the Yen as a buy. This can seem a bit premature to some but here are the main reasons: Econ numbers improving. Inflation starting to rise. Safe haven status during Syria ...
The Forex Experience
- flytox replied Nov 6, 2015
EurUsd: We Locked the 2 lower positions after NFP and added 25K at 1.07361 Market is going to price in a December hike. This wasn't a nice entry level we would've preferred to add above 1.08 but as we said we were limited in terms of risk exposure ...
The Forex Experience
- flytox replied Nov 5, 2015
EurUsd: No impact from the BOE super Thursday. We don't think a bad NFP gonna change the view of Yellen on next month rate hike. And that's what the market thinks. It won't be easy for us to add if the price goes higher after the release since we ...
The Forex Experience
- flytox replied Nov 5, 2015
Our 2 limits were filled after BOE reports. We add a sell limit of 50K at 0.7155 that can be filled during NFP or even before. We have now -100K on the pair and we are pending for another 50K. What we want is being heavy above 0.7150 and we use ...
The Forex Experience
- flytox replied Nov 5, 2015
EurGbp: We add a sell limit of 25K at 0.7105 and 25k At 0.7085 we removed the lock of the lower position . If the price goes directly south we can add on intraday pull backs like around 0.7020-0.7000. Initially we wanted to stay on the sidelines ...
The Forex Experience
- flytox replied Nov 4, 2015
EurGbp: The price pulled back a bit exactly at the level we drew (maroon line). We are staying on the sidelines because tomorrow is a tough day on the macro front, mainly the inflation data from the BOE. We see the price headed south around 0.7025 ...
The Forex Experience
- flytox replied Nov 4, 2015
EurUsd: Our Target Area was touched, Yellen hinted as expected ata rate hike for next month. We made on the trade (All EurUsd positions) if we close now 750 pips with a very low risk exposure since the beginning of the account. Again we don't want ...
The Forex Experience
- flytox replied Nov 4, 2015
EurUsd: We added 25k sell to EurUsd ahead of Yellen Testimony and locked the second and third positions. EurGbp: We have locked the second position at 0.7193 EurAud: After the first lock was hit making few pips, we reentered using a hard stop which ...
The Forex Experience
- flytox replied Nov 4, 2015
EurAud: We have opened a new sell on EurAud Short (For real time updates follow @neoflytox on Twitter ) Bad timing: Our Lock was hit during EMU services PMI making a couple pips. We are short again at 1.5192 with a stop at 1.5210. We use a hard stop ...
The Forex Experience
- flytox replied Nov 4, 2015
EurGbp: We moved the lock of the upper position to 0.7138 and we will not add before the inflation Data due tomorrow. As anticipated the 0.7100 KO barrier was taken out. We have a Draghi speech this morning followed by the UK services PMI and other ...
The Forex Experience
- flytox replied Nov 3, 2015
EurUsd: We added 25K sell ahead of Draghi's speech this evening GMT. We anticipate some serious Jawboning from Draghi. He doesn't want the FED to raise rates in December (also China and Japan) since US and EMU economies are interrelated. As usual ...
The Forex Experience
- flytox replied Nov 3, 2015
EurGbp We are of course bearish on the pair. Tactically we think that 0.7100 is a knock out barrier which will be attacked for the second time . The first time the attack yesterday was repelled at 0.7105 despite the help of a strong PMI print ...
The Forex Experience
- The Forex ExperienceStarted Nov 2, 2015|Trading Journals|112 replies
Wow, seeing I am a low impact thing, it doesn't matter though no need to impact anyone . FF will ...
- flytox replied Jan 21, 2014
Well, ISE strikes are at every 50 in eurUsd, (1.3000-1.3050). It can be expensive but when you learn how to use volatility this becomes a decisive factor when you take a position ( meaning you enter on the spot only when the hedge is not ...
Real Fx traders do not use stoploss
- flytox replied Jan 21, 2014
Hi A stop order becomes a market order when triggered. Any serious broker will warn you about the risk related to holding a stop order. This risk is higher when your broker is a market maker, since he knows your stop position and he can execute it a ...
Real Fx traders do not use stoploss
- flytox replied Jan 21, 2014
This was said before it happened. Since the swing took place, I am adding shorts on pullbacks around S/R near rounded numbers. The core position opened at 1.3855 is now multiplied by 12 (average of 21 short positions) , every add on is opened only ...
Hard Way, Easy Way
- flytox replied Dec 13, 2013
I made lot of money when I was scalping tick data. i am not promoting fundies over techs, i am just saying that none of them is the whole picture. Forex is monetary policy driven which is more ideological than fundamental (Keynes vs Fridmann). Why ...
Hard Way, Easy Way
- flytox replied Dec 13, 2013
This can trigger a limitless discussion, let's say that technicals are just a part of the big picture, though significant mainly on intraday basis (with the econ news). I am not a tech any more neither a fundie, but knowing how the different ...
Hard Way, Easy Way
- flytox replied Dec 13, 2013
Hi Nefser I don't want to argue, probably you make money as a tech (manually or as a quant), some techs can make money of course though most of them are selling books and advices for a living not trading. I've been a tech and a mql passionate in my ...
Hard Way, Easy Way
- flytox replied Dec 13, 2013
Options strategies are better suited to a probabilistic approach then spot fx. Edit: Posted this earlier on the rookie forum. This where I am now, ten years after, and I make a living from these insane mkts. There is no "systematic" solution to be ...
why have you accepted the price-predictability assumption?