The posi-what?? Swap? Oh, yeah - that was actually my plan all along.

Sultans of Swing

This week I successfully managed to buy the weakest of the currencies I follow - the only one which actually fell against USD. If you want to succeed in this game just read my posts carefully, then do the exact opposite. Lucky I only took a small ...

Sultans of Swing

News outcomes are never random, they simply reveal information that was previously unseen or ignored. If you learn how economic indicators are calculated and how they affect buyers and sellers in different market/economic environments you can judge ...

Gambling VS Trading

Hey. Nice to have a gold specialist here - since the value of USD is linked to the value of gold (among other things) and my own trading method is built largely on intermarket forces acting on USD - I look forward to seeing your analysis.

Sultans of Swing

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Where can I see South African and Russian economic data?

I don't know if the NFP numbers are fiddled or not. If so, then the average wage drones employed by the US Bureau of Labor Statistics are all, every one of them, guilty of massive fraud and corruption for what? Because some funny looking little dude ...

Sultans of Swing

I view EJ as a pure derivative of EU and UJ. Multiply the current price of EU by the current price of UJ, at any time, the answer will always be the current price of EJ. (give or take the spreads) Look at the price action of EU, look at the price ...

Sultans of Swing

NFP on a tuesday. WTF? I am not quite sure how to trade through this - normally I am out of the market when NFP hits and I use it as part of my weekend analysis and planning for the coming week. This NFP is a particularly crucial one too - when the ...

Sultans of Swing

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Sultans of Swing

US government ran four consecutive budget surpluses from 1998 - 2001.

Sultans of Swing

Yeah I only hold trades for a week or so, I don't roll over to another week unless I find a really good reason to do so, and no good reasons not to. The trade setup I am anticipating in G/U will take maybe two weeks to materialize, if it does ...

Sultans of Swing

You are being laughed at now. Candlesticks have nothing to do whatsoever with the causes of currency fluctuations, any more than than the movement of a watches hands causes the sun to cross the sky or the structure of a calendar causes birds to ...

We were fools to believe candlesticks can predict

I am struggling for direction this week - it seems every currency gives me as many reasons to buy as to sell. USD - Definitely trending down, and likely to continue down as capital flows once again after US govt hit the calm button. Investors ...

Sultans of Swing

An interesting read, thanks for that. I agree with HSBC's take on how and why each market paradigm works the way it does - but creating three groups and then lumping each currency into a specific "bucket" I think is oversimplifying things. I tend to ...

Sultans of Swing

I think one of the reasons trading is so difficult is the extreme cognitive dissonance required. Most of us learn to trade under the illusion of fast and easy money but to succeed, we need to take the exact opposite position, to take small chunks ...

Trading styles, are you the hunter or the hunted?

That's a bold call. EUR/USD is headed for a confluence of resistance from a rising upper trendline and 2013 high @ 1.3710. For that reason I wouldn't dream of buying it, but to sell it? It is still in an uptrend, it is just at the top of its channel ...

Sultans of Swing

Interesting 3-way correlation pattern here. SPX and gold usually fade each other - if one moves up, the other usually moves down. Occasionally they move together for a day. When this happens, USD always makes a big move in the opposite direction - ...

Sultans of Swing

Looks like the republicrats have temporarily ended the shutdown - which should see investors gradually turn to equities again and risk, which has been suppressed, turned back on. Added a little to my e/j long, am also long gbp on long term ...

Sultans of Swing

I try not to trade while I'm high. I am long EUR/JPY and ready to add to the position quickly if peeps in Washington start acting like adults. People in here seem very bearish on gold, bullish SPX, which is very bullish EUR/JPY. If the US gummint ...

Sultans of Swing

I haven't really studied EW analysis, and I avoid any kind of technical analysis on pairs not involving USD. Euro investors don't value their currency against the yen, and Japanese investors don't value their currency against the euro - all ...

Sultans of Swing