5% means that 1 in every 20 succeed. Those are pretty damned good odds if you ask me. Anyway, there is no proof, and there can NEVER be any proof of that number because first you would have to define success and define failure, which is far trickier ...

95% / 5%

How about the EMAIL SPAM indicator? Until recently, I used to get all kinds of offers in my spam box for easy credit/mortgages with no regard to my credit rating or my ability to make the payments... Now things have changed: I am receiving more and ...

Trading the Supermodel Indicator

Don't forget retailers' sales going down the toilet also. DJI rallies. USD/JPY flies off the 106.00 launchpad. EUR/USD tanks on a "dovish" Trichet (although he wasn't really that dovish). Yeah it's time to retire for the week with my old friend Jack ...

Wall Street close watch

I guess what you are suggesting isn't a scam per se... but the idea I was referring to definitely is. And yes you did use the term "speculators" correctly. I was referring to the other posters who somehow think that having a trading plan makes them ...

Idea for trading where everyone benefits..

Reminds me of T.S. Eliot (no, NOT the Elliott wave guy): We shall never cease from exploration And the end of all our exploring Will be to arrive where we started And know the place for the first time.

Soultrader's Clinic :)

Most dealers will take away your margin for ONE of the positions, some of them for BOTH positions. If Saxo is smart enough to actually give back your margin on these "hedges", as steviet says, then that's great, I was not aware of it. But my point ...

whats with this "hedging" thing??

merlin, you're absolutely right about pretty much everything except the fact that you DO pay spread twice when you "hedge" because opening a "hedge" doesn't entirely get you out of the market. You have no net position as you already said, but you ...

whats with this "hedging" thing??

You're thinking about it way too much... Just because a person has money doesn't mean they have to show it off to everyone (including other fx participants). In fact I think it's wiser not to, becuase as you pointed out so eloquently, everyone wants ...

How did you manage your windfall?

Nicely done.

Lets Talk GBP/JPY "the geppy"

Exactly, and NOT for the wide of spread.

whats with this "hedging" thing??

Then what would happen if the market moved to 1.2800 and then right back down to 1.2600? You lose both positions. Why not just enter long at 1.2800 with a 1.4800 target and 1.2600 stop loss, and pay the spread ONCE? (with the possible exception of ...

whats with this "hedging" thing??

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whats with this "hedging" thing??

The ones with the boats maybe don't bother posting anymore - they're enjoying their boats. Personally, I handled my success by moving to a tropical island. The boat is coming soon, and then you won't be seeing my posts any more .

How did you manage your windfall?

acidguy, sounds like maybe you should be long AUD/NZD instead.

NZDUSD at peak

Agreed as usual SL. I am definitely on the sidelines today... BTW Microsoft made a $45bn offer for Yahoo, which works out to $31/share (quite a bit above market value). This is pushing US futures up for now. There is also some possible buyout ...

Wall Street close watch

Not according to anyone at the ECB. Their hawkish rhetoric has not changed, nor have rates, and it seems that the market's hopes may just be wishful thinking. With a reading of 3.2%, which is WAAAAY above target, and the German economy chugging ...

EUR/USD Trading Room

I mentioned somewhere recently that I am seeing more and more eurobears coming out of the closet... but to be quite honest I think they will be forced to eat their 1.5000+ stops in the near future. I am planning to start piling on EUR long positions ...

Wall Street close watch

Is anyone here seeing yesterday's EUR CPI y/y @ 3.2% as VERY bullish, given Trichet's unrelenting anti-inflation bias? The market seems to be ignoring the number for now, as everyone focuses on the mess in the US, but this could be what eventually ...

EUR/USD Trading Room

Most of the big moves lately have been initiated during the NY session, since all eyes are on the Fed and USD. Asia, on the other hand has seen traders jumping in to "correct" these moves. It happened again this past session (50% retraces of the NY ...

Clever Asians

It does offer some insight into the market's level of nervousness about the value of EUR. It seems lately that EUR gets sold pretty hard after even the most insignificant comments from officials. If CPI sees a significant drop, it will signal that ...

ECB junker comments