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This thread was started in response to the Analytic:
Speculators' Futures FX Positions
The weekly figures on traders' futures commitments obtained from the Chicago Mercantile Exchange's International Monetary Market shed valuable light on the developing flows pursuing one currency versus another.
Will Muhammad bless me?? hahaha......if I am lucky again....maybe I should learn some Arabic...
good night.
In FX market, it is very important to find out who is the buyer and who is the seller.....oil nation has a lot of cash, just like Japanese and Chinese....they can drive the market upside down. I don't think there will be any hedge fund companies to against them in near term...
I got this information from Japanese traders.....I remember last time I got the news about middle east country buyer was 4 or 5 years ago....they were long USD/JPY at 97 in the summer, the rate went to 115 by the end of that year....
Hey Asad ,
I agree with you .... haha : ))
I just want to say to you is not necesarly to ensure me to recover my loose ,because you are not at all guilty for this , i am adult , i know the rules of this game , this is not the first loose and unfortunatly not even the last , but THANKS for this thought and for your ... gentleman"s style . It is obvious , all ( i think ) we are here by Mr. Ashraf"s goodwill to exchange trading ideeas and imho and so it should remaind ( without injury or inadecvate language ) !!
Good luck
Ashraf
Thanks for the tip. But tell me (as naive as it may sound)...you wouldn't be making any money out of it would you? It's for pure risk management, is it (unless you're holding only DUG).
For s/one who's short of oil, either s(he)'ll make double profit or double loss. For s/dome who's long on oil, the gains/losses will be cancelled out by DUG.
Basically it acts as risk management tool unless it's held on its own (as an alternative to shorting oil). I'm just confirming?
http://stockcharts.com/h-sc/ui
Ashraf
Hey Hamish ,
Thanks for tip . Nice ideea (rockwelltrading ) . I will check it .
Regards
To daytrade successfully, you need a trending market & volume. The trading room is only open between 9.30-11.30 EST when volumes are generally at their highest levels. There are two traders one in each room, who follow 4 markets each:- eurusd, gbpusd, sp, nq, 30t, eurostoxx 50 & the russell.
The founder, a very clever gent,who immigrated to the US from Germany after a very successful career with IBM. His name is Markus but the best person to talk to would be Mandy. She has all the admin answers.
BTW , Good luck in your live trading.
In theory its simple, but live trading beats the daylight out of an individual when the trade is going against you. Yes, you can have the stops in place and you would've assessed the risk, but it still depends on how much you can stomach, and then the stop will relief you of your misery.
Placing stops in the right place is also key and I still need to learn this and apply it with confidence.
thanks