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Posts by "qiman"

248 Posts Total by "qiman":
228 Posts by member
Qiman
(United States)
20 Posts by Anonymous "qiman":
Qiman
United States
Posts: 237
2 months ago
Feb 24, 2017 18:21
In Thread: USD
US Payrolls, according all calendars I view, is not on March 3rd as per usual schecule, but rather will be on March 10th!
Qiman
United States
Posts: 237
6 months ago
Nov 7, 2016 19:17
In Thread: GBP
The problem I always encountered with using correlations over the years is that one never knows when they will come to a screeching halt, due to other energetic vectors coming into the equation.

As just one example today the US stocks are up huge, and the Pound down. This strong correlation that was develping with the Pound and US stocks for awhile has had to deal with various UK domestic headlines that can pull it in all kinds of directions.
Qiman
United States
Posts: 237
6 months ago
Nov 7, 2016 0:46
On the latest Comey headlines the Dow futures gapped up at the open by around 200 points, and Peso also up big. There is such massive headline risk right now that it can be a challenge to not have devastating gaps through stops.
Qiman
United States
Posts: 237
7 months ago
Oct 20, 2016 19:46
Interesting chart! I am wondering if a MXN/USD chart would show similar tendencies, the Peso certainly has been reacting to any perceived Trump weakness. Last night I looked for trades using the CME Mexican Peso during the debate, but the reaction was rather muted compared to the first debate!
Qiman
United States
Posts: 237
7 months ago
Oct 13, 2016 16:41
Vote: JPY

My vote is based on the supposition of increased risk aversion: Falling US stocks, the Yen inversely gaining proprtionally more strength than the dollar on a classic risk off move, and the increased recent direct correlation between the Pound and risk on or off moves.
Qiman
United States
Posts: 237
7 months ago
Oct 12, 2016 15:28
I only day trade forex futures on CME. From years of experience, incuding watching most futures traders fail, I believe that it is imperative to adjust leverage to both the market conditions and the condition of one's biology and resulting psychology on a particular day. Thus, on one day I may utilize over 100-1 on say a Euro, Yen, or Pound full-sized contract. But on another day with increase external and/or internal risk, I may opt for only utilizing a micro contract or two, and thus I take the leverage down to 10 or 20 to 1.
Qiman
United States
Posts: 237
7 months ago
Oct 12, 2016 15:16
In Thread: GBP
I found Ashraf's post on Cable's increased correlation with US stocks over this last month to be one of the more important insights in awhile on this currency pair. Planning to watch this more carefully myself and hopefully put it to great use. Thanks Ashraf!
Qiman
United States
Posts: 237
6 years ago
Sep 22, 2011 2:42
This is very insightful analysis on an important cycle, Ashraf. Thank you for your generosity in sharing it with us! This gives us traders a nice framework of reference for the next few months, some important things to keep in mind with all the noisy headlines out there.
Qiman
New Mexico , United States
Posted Anonymously
6 years ago
May 7, 2011 17:49
Thanks for this article, and I agree that the fundamentals for gold remain intact.

Regarding the start of the silver crash, the 3rd silver margin increase was announced Thursday and already known to the market Friday April 29th, and didn't have as big of an immediate impact as some would have expected, there could have been major liquidation that day, but not so much happened. As I posted elsewhere in the forum, the sell off in silver started within a few minutes of the Globex open on Sunday evening here in the US, it was a classic large move (perhaps a speculative attack) greatly aided by a typically thin holiday session with several countries closed. And once it got rolling many stops were probably triggered, with prices diving 12% in 11 minutes and only 6,000 silver futures contracts were traded in that time!

The Bin Laden news didn't even hit the headlines until a few hours later.
Qiman
United States
Posts: 237
6 years ago
May 2, 2011 18:01
Not so sure the initial precipitous fall in silver had anything to do with the bin laden news, which came out quite a bit later in the session, correct? If I recall correctly silver fell within minutes of the globex session opening, most of it within only 12 minutes or so, and the BL news hit later that evening. (That is when the equity indexes soared, etc). The silver crash instead looked to me like a speculative attack on silver, perfect timing with much of the world on holiday and very thin trading, such moves often occur during these strategic windows . . .