Jonas, Thanks. As I said before, it takes work, and some thought, but it is well worth it. At the moment, I spend about 3-5 hours per day reading, processing, and occasionally, trading. And, how could I forget posting in my journal I don't think I ...

Predatory and Parasitic Trading

What Moved the Markets Today? — What moved the markets today? What is on the market’s mind? We’ve seen some sharp movements today. Is it because of thin liquidity, or are these sharp moves motivated by profit taking? In order to be a predatory ...

Predatory and Parasitic Trading

Value Trades — I think that my preceding posts really lays out some of the fundamental and sentimental reasons why price moved. However, it is important to note that much of today's movements were motivated by value. Bernanke's FOMC comments ...

Predatory and Parasitic Trading

What Moved the Markets Today? — I don't see any positive signs for a global economic recovery. Hence, risk aversion is clearly dominating this market. But, what moved the market today? USD The lack of positive international data means that the ...

Predatory and Parasitic Trading

Jonas: I think your observations are sound. I really think that the AUD will fall. To me, the lack of demand for commodities in China will be one of the leading factors in the decline of the AUD. I had not heard about the carbon tax. Thanks for ...

Predatory and Parasitic Trading

Okay Trizzle: That was the push that I needed. I will get started. I think it is best for me to do it in a public manner, it will help me organize my thoughts. What moved the market today? NZD/USD moved three hundred pips in an hour after the FOMC ...

Predatory and Parasitic Trading

Bug, thanks for this insightful, and thought-provoking analysis. The BOJ seemed to almost announce when they were going to intervene. After reading your analysis, it really does look like a tip off.

Reminiscences of A Forex Speculator

I think that gold might unwind due to margin calls in other markets. Perhaps, if the equity market continues to fall, or if we see some of the carry trade currencies tank, it might provide the opening that you are looking for. Actually, I wonder if ...

Reminiscences of A Forex Speculator

Jonas: Thanks for the well wishes. I agree with pilotui. It is a good idea to have a sense of how far you can expect a currency to move based upon given situations. Some news will cause a 30 pip move. Other times the same news might initiate a 300 ...

Predatory and Parasitic Trading

US Downgrade — Of course the big trade this week is the S & P downgrade of the US over the weekend. Since the opening of the market, there is a clear, full-scale shift to risk aversion. In this environment, the unwinding of carry trades is ...

Predatory and Parasitic Trading

Weekly Focus, August 8-12 — I must admit that putting together this weekly focus takes time. However, I really think that taking the time to read the bank reports, and other forecasts is quite beneficial. Let me start by re-capping last week. ...

Predatory and Parasitic Trading

Thinking Like the Big Boys — Razorjack: Your thread has definitely been helpful to a number of traders. Based upon your recommendations I read Trader Vic and Currency Trading and Intermarket Analysis. Both were very helpful, but your ...

Identifying Market Swings - Medium and Long Term Trading

That sucks! Was that a market order? I got in at 1.0720, and I took a 30 pip gain. It took me about two minutes to find info on the release. I am using an FXCM demo account (web-based trading). This Mac has not been conducive to trading, but it's a ...

Reminiscences of A Forex Speculator

Australia Retail Sales — It looks like my initial weekly plan was not as thorough as it could have been. At the moment, I am preparing for the retail sales numbers from Australia, which will be will be released in a few minutes @ 9:30 pm. The ...

Predatory and Parasitic Trading

I might take a look, too. As part of my efforts to prepare for it, I just ran across this interesting analysis: "Australian Retail Sales is expected to expand by 0.4% today. With low Unemployment Rate and being one of the most sought after ...

Reminiscences of A Forex Speculator

US Personal Income — Here's an event that I was unprepared for today: The June Personal Income report. The consensus was 0.3%. The report can in at a meager 0.1% I should have been ready, I will put this on the watchlist, especially when all ...

Predatory and Parasitic Trading

U.S. ISM Non-Manufacturing Index — I definitely agree. Trizzle and Bug, I really think that you two have provided great examples of how to prepare to trade the market, and preparation is essential. Over the weekend, I started my own trading ...

Reminiscences of A Forex Speculator

Weekly Focus, August 1-5 — Quick thinking is important to the way that I approach the market. I have to be able to make swift decisions, and the only way I can do so is through pre-planning. I must admit that I spend a lot of time thinking ...

Predatory and Parasitic Trading

It's All Greek — Trizzle, You laid out a well thought out plan. One of the things that I like about the Order Flow mindset is that you are anticipating, rather than reacting. How did it workout for you? How do you determine how much of the ...

Reminiscences of A Forex Speculator