Analysis for the coming week I believe the standoff in the US government will end - I want to take a position that will maximize profit if this happens while minimizing risk if it doesn't. IMO, EUR/JPY is forex's most accurate gauge of risk ...

Sultans of Swing

hmm you could be right - Meat Loaf has sold more albums than Straits or Clapton, and he doesn't play guitar OR write his own songs.

Sultans of Swing

lol, didn't take long to get a bite. Maybe not that much better, it's all subjective. I am a Clapton fan too - but some of the hype about EC is a bit over the top, and Knopfler is definitely one of the most underrated musos ever. I think at the ...

Sultans of Swing

I don't trade gold - I use it as a tool to measure other economic factors affecting currencies, but heres a couple of further points to consider Gold wont move significantly lower without that move being accompanied by one somewhere else - usually ...

Sultans of Swing

Mark Knopfler is a better songwriter and guitarist than Eric Clapton. There, somebody had to say it. Some of their videos are a bit cheesy for my taste (Romeo & Juliet, Tunnel of Love) but a lot of Dire Strait's lesser known stuff is amazing. video

Sultans of Swing

I think you and I have different ideas about how risk aversion works. I don't see it as the establishment of new positions in safe haven currencies, it is more the deleveraging of positions already established. Therefore which currencies act as safe ...

Sultans of Swing

On the current situation in Washington I don't know what's going to happen, but as long as there is a possibility of a major USD collapse and not much possibility of a similar sized rally, I am staying short USD. Potential big gain v potential small ...

Sultans of Swing

In both your charts, price has broken the barrier before the cut. Doesn't that mean one-touch options have already been washed out of the market? I tend to sit up and pay attention only when price approaches a fresh level for the week going into the ...

How FX options can affect spot price heading in to expiration

Every time somebody claims it is impossible to make money trading retail forex, somebody else tries to prove him wrong by rattling off a list of people who got rich doing something completely different. Just sayin'.

At What Point Do You Give Up On Forex

When Tweeter's accountant checked the stock price on friday this is what he looked like:

Brainless traders rally bankrupt company 1400% in 24 hours

There is only one thing which can cause a currency's value to increase or decrease - that is people buying and selling it. The indicators that matter long term are the ones which most allow/encourage more people to buy OR sell a particular currency. ...

National Currency Strength/Weakness Indicators

Yeah that struck me too. Deprive people of artificially contrived indicators like stochastic or RSI, and there would be mass outrage. Yet deprive them of real information about the root causes of currency movement and nobody cares.

Government Shutdown: Impact on Fundamentals Releases

It isn't that simple. It is not a question of how much money you need to put down - it is a question of how far price can move before a matching volume of orders in the other direction is triggered. Say price is at 1.2000, and you buy 5 million ...

How much is needed to move the market?

This was to be the first NFP since the fed failed to taper due to unemployment levels. I was hoping to get direction from it for the coming week. No COT data either, which I was eagerly awaiting to perhaps trigger a promising long term setup. Just ...

Government Shutdown: Impact on Fundamentals Releases

I think equities are a more reliable gauge of risk sentiment than gold - more specifically, the relationship between equities and gold. While the fed definitely turned risk on in the medium term, yesterday's rally in SPX wasn't matched with one in ...

Sultans of Swing

I'm long GBP too. I have been buying it for several weeks now and probably will continue buying it until COT positioning reaches 80%+ long. It has just crossed 50% so has some way to go yet. Fundamentally it just keeps getting stronger and stronger, ...

Sultans of Swing

I was of the impression that the beginning of the global financial crisis, triggered by the collapse of the US housing bubble, caused widespread deleveraging of risk investment and flight back to low yield havens USD and JPY. Are you saying the ...

Economic Analysis VS Market Action