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frx_trader replied Aug 22, 2016It's good to remember that putting all eggs in one basket can be disastrous. Don't forget to practice good money management. It's the last guy standing that counts.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- frx_trader replied Aug 22, 2016
I have given the range is 1317 -1347 some 2 weeks ago. Still hold to this week. You bought lots of Gold at resistant. Sorry for your loss. I think Gold will test 1320 this week or next week. My view is bearish on Gold. So be careful. Good luck to ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- frx_trader replied Aug 21, 2016
Sell XAU 1334. Waiting for testing 1320. SL 1338
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- frx_trader commented Aug 21, 2016
It's time and good timing for US to raise rates. No need to wait. The economy will get better by raising rates. Who cares about corporate earnings.
Fischer: Remarks on the U.S. Economy
- frx_trader commented Aug 21, 2016
It's easy to raise rate. The problem to keep it up. We see NZD, they raised their rate, then it has to go down again.
Fischer: Remarks on the U.S. Economy
- frx_trader commented Aug 21, 2016
Will rates affect GDP? What's the corelation? Corporate earnings? Who cares?
Yellen to say ‘ready’ for another rate hike in Jackson Hole
- frx_trader commented Aug 20, 2016
US interest rate should be around 1 - 1.5%.
Yellen to say ‘ready’ for another rate hike in Jackson Hole
- frx_trader commented Aug 19, 2016
Right. It's news to take SL's. Imagine all green UK data. Then this news. It's another 9 months away. Also to give a chance to go long on GU.
U.K. said to see Brexit most likely triggered by April 2017
- frx_trader replied Aug 19, 2016
Hope at least one more bounce before end of year to 1.35. This has not taken out completely until we see 1.26. It's above 1.30xx atm.
Cable Update (GBPUSD)
- frx_trader commented Aug 19, 2016
Fed's confused? Many people are, that includes me. But, wait. I am confused over why Fed's confused. Or why Fed's confusing. So, everybody's confused. That's good news.
Liquidity Trapped! The Fed’s Policy Nightmare
- frx_trader replied Aug 18, 2016
Risk reward ratio is towards the upside. Except that it can go down to 1.20. Too many supports to overcome from here. It might pull back to 1.29 before continuing its journey. Either up or down.
USD/CAD
- frx_trader commented Aug 18, 2016
Japan needs to dump those 5 yrs old cars to developing countries. And let them buy new ones.
The BOJ’S ETF Purchasing Program
- frx_trader commented Aug 18, 2016
I like deflation, don't you? Think about it. You can buy a car for USD 100. How many will you order?
The BOJ’S ETF Purchasing Program
- frx_trader commented Aug 17, 2016
Nothing new. Move on.
Fed Back in the Spotlight Ahead of FOMC Minutes
- frx_trader replied Aug 17, 2016
Not a good week. My trades are either SL'ed or I have to cut. Just one of those days huh.
USD/JPY Discussion
- frx_trader commented Aug 16, 2016
Is UJ undervalue? why?
Japan’s Asakawa: Watching FX with strong sense of concern
- frx_trader replied Aug 15, 2016
No. He is a swing trader who likes to ride on waves and trend. He doesn't believe in pull back or change of direction. He might stop after 1000 pips.
Geppy vs. GJscalper - a duel to the death!