Forum Posts by : ptaczek (Forum Member)

ptaczek

Brno, Czech Republic

Posts: 110

14 years ago

Mar 8, 2010 17:20

In Thread: USD

Back to the topic of this thread:

<b>Fed Announces Expansion Of Revere Repo Program, Adds Money Market Funds To List Of Eligible Counterparties</b>http://bit.ly/cgYWiI

This should add more contrast between US/EU as the Fed is clearly preparing for the exit even without the need to rise interest rates.

ptaczek

Brno, Czech Republic

Posts: 110

14 years ago

Mar 7, 2010 18:47

In Thread: Aussie Dressed up but where to Go?

rkkashmir: pre-open quotes show no gaps whatsoever. It seems you've got colorful imagination. Unfortunately such imagination isn't a strategy...

ptaczek

Czech Republic

Posted Anonymously

14 years ago

Mar 7, 2010 16:30

In Thread: JPY

Hello Ashraf, hope you had a refreshing weekend.

Looking at the VIX drop in february and the recent drop of Yen, appreciation of higher yielding currencies and firming stocks and commodities underpin by the last friday's after-NFP-party, do you think it could signal a carry trade buildup?

CFTC's COT shows a stunning increase of the net LONG Yen positions from 1,717 in the prior week to a whopping 32,552, which is a little confusing to me given the friday's JPY moooove. (Unless there is no carry buildup and the Yen is going up again in the short term.)
Also China's voice suggests a gradual appreciation of the Yuan which could imply slower growth and therefore less demand for commodities.

.pta.

ptaczek

Brno, Czech Republic

Posts: 110

14 years ago

Mar 5, 2010 17:17

In Thread: Gold Catching Down with Euro

rkkashmir: how old are you? 14? 16? Less? Act like a man at least. If you don't know what you are doing, markets will ALWAYS kick your ass.

ptaczek

Brno, Czech Republic

Posts: 110

14 years ago

Mar 5, 2010 17:03

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

correction to my pre-previous post: "...when risk AVERSION wanes..."

ptaczek

Brno, Czech Republic

Posts: 110

14 years ago

Mar 5, 2010 16:47

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

rkkashmir: I remember myself talking EXACTLY like you do, only when I was losing BIG TIME because of recklessly taken bad trades. But, honestly, did Ashraf push the buy or sell button? Heh... take a deep breath, maybe more than one and go to the bathroom to take a look at yourself. Because it's YOU screwing up, not Ashraf. And for your information, I AM PROFITABLE on that AUDNZD... Bye.

ptaczek

Brno, Czech Republic

Posts: 110

14 years ago

Mar 5, 2010 15:47

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

rkkasshmir: You can't have USD rally when risk appetite wanes after much better than expected NFP. There is an optimism fueling the stock market right now hence the money flows FROM the US$ INTO stocks as big guys take advantage of the momentum. But better jobs data means growing economy which in turn means a need for higher interest rates. These changes don't happen 2 hours after NFP ;)

ptaczek

Brno, Czech Republic

Posts: 110

14 years ago

Mar 5, 2010 15:05

In Thread: Gold, Oil & Indices (Equity & Bond Indices)

rkkashmir: If you are trading according to someone else's opinions without having your own, then blame only yourself, because in fact you don't know what you are doing anyway. Always and ONLY follow your own visions no matter how you have aquired them. THINK before you ACT!

ptaczek

Brno, Czech Republic

Posts: 110

14 years ago

Mar 5, 2010 10:47

In Thread: EUR

montmorency: Dirk's BWILC influenced the way Im trading, so yes I could be a fan of his approach :) And yes, the fundamentals are crucial if you want to have a longer-term view. Or better, the right analysis of fundamentals is crucial. That's why I added Ashraf's website and twitter to my toolbox.

ptaczek

Brno, Czech Republic

Posts: 110

14 years ago

Mar 4, 2010 21:04

In Thread: EUR

Hi, I must totally agree with PippedOff and Ashraf about the leverage! Anyone trying to profit from currency trading should understand the randomness of short term moves and adapt accordingly. As Im unable to pick a top or a bottom (and end up with smelly finger ;) ) I want to enter the market on multiple levels in the direction of my fundamentally and technically supported view and my account must survive corrective price swings, often bigger than expected. To achieve that I don't use stops and I stick to max 3:1 to 5:1 real leverage. What does it mean a real leverage? By real leverage I mean the REAL VALUE of my positions divided by the account balance. That is, if my account size is EUR 10,000, Im gonna trade up to 0.3 lots of EUR/USD at any time. Now, what profits can be made with that small leverage?? My own results show a 2-5% WEEKLY! Last month I traded max 3:1 leverage, correcting my fundamental views thanks to Ashraf's tweets, and I made 10.2% profit and I had 86% success rate. Im turning similar results for more than a year now.

Posts by "ptaczek"