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frx_trader commented Dec 21, 2015DEUTSCHE BANK: I know why you are wrong because you can't be right.
Deutsche Bank: Here's why the US dollar will continue to rally
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frx_trader commented Dec 21, 2015Ssssshhhhhh...... be quiet. LOL
Deutsche Bank: Here's why the US dollar will continue to rally
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frx_trader replied Dec 21, 2015That includes me and majority of traders. If I think correctly, it has to do something with waves. So I imagine that I am a surfer at sea. I wait for a wave to come. But one has to be a very good surfer to ride a wave. Otherwise the wave just go ...
USD/JPY Discussion
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frx_trader replied Dec 20, 2015Waiting for reversal 120.40/50. That daily pinbar is fake.
USD/JPY Discussion
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frx_trader commented Dec 18, 2015Weekly chart, engulfing. Bullish trend has not been broken. At least not yet. Price stays within a bigger triangle. And hey, it's Friday, anything can happen. Assuming this week close higher than last week, there is possibility to move back up to ...
BOJ's Kuroda says economy continues to recover moderately
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frx_trader commented Dec 18, 2015Happy weekend and Holidays. Best Luck for your trading. Just another crazy Friday. Hope things will recover next week.
4 things to watch in China next year
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frx_trader commented Dec 18, 2015Nothing to watch. China will not rock her economy. What China ever wants to achieve, has mostly been done. It's time for them to think about cruising mode, slow and steady.
4 things to watch in China next year
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frx_trader commented Dec 18, 2015Ok, Phil, you can teach some dances so that I also can dance. Best luck to you. Happy weekend and Holidays.
Gold: US rate rise may push metal to $1000
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frx_trader commented Dec 18, 2015Same here, just placed an order 45 min ago, and BAM, lost 50 pips in minutes. Still losing 20 more pips after recovery, but I have closed half of the order and taken loses. Better closed than be sorry.
BOJ Statement on Monetary Policy
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frx_trader commented Dec 17, 2015Thanks, mike. Are you trying to be a Rockefeller of Gold? I try to stay out of those Black Swan readings. "We can model and predict some things (to an extent), but not others - not the black swan events. " (A quote from Investopedia). Ppl, ...
Gold: US rate rise may push metal to $1000
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frx_trader commented Dec 17, 2015Now, FED hikes IR, resulted in the price of Gold goes down. Because FED thinks there is inflation. In this case, either FED has the wrong inflation data. OR there is only little inflation. Or price has been flat. If FED is wrong, therefore little ...
Gold: US rate rise may push metal to $1000
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frx_trader commented Dec 17, 2015Scenario 2. No GDP growth, hence demand is down, hence deflation, hence IR is down. IR down causes the cost of holding Gold goes down. Hence Gold is relatively cheaper to hold. But demand for commodity goes down, hence the price should go down. But, ...
Gold: US rate rise may push metal to $1000
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frx_trader commented Dec 17, 2015Let's make it simple. I am not an economist with lots of formula of growth, IR and inflation. I have googled some data that make me dizzy. Try it for yourself, and see if you can digest those data. But let keep it simple. Scenario 1. So, GDP Growth, ...
Gold: US rate rise may push metal to $1000
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frx_trader commented Dec 16, 2015Democracy is a good thing if ppl make the right choice. Who will be the next US president? Will they be H.C. or D.T.? If one of them is the next US president, will there be compromise among Democrats and Republics? What if there will be no ...
China’s Most Successful Business Leaders Are Not Safe At Home
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frx_trader commented Dec 16, 2015Interesting people, culture and excitement. Very true for this decade. How will it change? Don't know, hopefully not, that means commie will be in power for a long time. It can be a good thing if you just enjoy your life. Meaning, change will be ...
China’s Most Successful Business Leaders Are Not Safe At Home
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frx_trader commented Dec 16, 2015I think the most beneficial countries from this rate hike are Europe, Switzerland, Germany and Japan. Well, how US benefits from it? I don't know, if only somebody can tell us.
These countries are most at risk from a U.S. rate hike
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frx_trader replied Dec 14, 2015Just a reminder. On a hectic day, your SL or TP may not be honored. Or your positions will be liquidated way off your SLs. So, There is no guarantee on SLs.
Dragon Riders GBP/JPY
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frx_trader replied Dec 14, 2015The ideal situation would be, but not always practical, is to clean up all positions tomorrow NY close. And Don't open any positions until Friday NY mid-day. Like I said, this is only ideal but not always practical. Like you said, it'd be risk off. ...
Dragon Riders GBP/JPY
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frx_trader commented Dec 13, 2015(Maybe) More than 50% of Government spending is lost in Corruption.
A Remarkable View of China’s Official GDP — It’s Not What You Think
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frx_trader replied Dec 12, 2015Borrow your chart, because it is similar to mine and agree with it. Add a few things. image
Dragon Riders GBP/JPY