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TranceTrader replied Oct 22, 2013Quite the contrary, I'm trying to save people from being blind-sided by convincing yet unsubstantial pursuits. I don't expect people to like what I am saying, this is generally what happens when someone starts to question conventional wisdom. The ...
We were fools to believe candlesticks can predict
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TranceTrader replied Oct 21, 2013I'd agree the chances of the default happening are very small and the market was fairly relaxed about this (apart from the October T-bills whose yields jumped significantly) but mine and your opinion on what "should" happen isn't how credit agencies ...
Sultans of Swing
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TranceTrader replied Oct 21, 2013A downgrade would result in higher yields (more risk). As Decemeber/Janurary hits and the debt ceiling is remembered with round 2 looming, it should compound the bearish sentiment and signal the start of the worst for the USD to then pick up going ...
Sultans of Swing
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TranceTrader replied Oct 21, 2013I'm short USD for the short/medium term. I suspect credit agencies will have to react to the recent debacle in the coming weeks resulting in a downgrade to US debt and dollar confidence.
Sultans of Swing
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TranceTrader replied Oct 21, 2013Here is something you should read. Pasted from: url Be careful with the message in this book, I've read it myself a few times over the years and also watched his workshop How To Think Like a Professional Trader ( url ) where he explains his ideas ...
We were fools to believe candlesticks can predict
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TranceTrader replied Oct 21, 2013Your eyes are playing tricks on you friend as the patterns never repeat... no two moments are ever the same and this is why your "edge" either doesn't exist or is rendered inefficient by the market shortly after you discover it. This idealistic ...
We were fools to believe candlesticks can predict
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TranceTrader replied Oct 21, 2013This is the first sensible thread I've seen for a while on this forum. Now for the bombshell that is, using technical analysis alone for entry is like driving a car using the rear-view mirror.
We were fools to believe candlesticks can predict
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TranceTrader replied Oct 21, 2013Correct, guess and hypothesis are synonymous but this is serious business we are partaking in so lets go with the more formal sounding of the two

We were fools to believe candlesticks can predict
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TranceTrader replied Oct 21, 2013You have to be able to anticipate a change in supply or demand in the foreseeable future. Form your hypothesis and trade it until the market tells you you're either wrong or too early.
We were fools to believe candlesticks can predict
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TranceTrader replied Oct 21, 2013Presumably that is why everyone is here.
After years in trading, do you still believe in get-rich-fast BS?
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TranceTrader replied Oct 21, 2013It's all an illusion.
We were fools to believe candlesticks can predict
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TranceTrader replied Oct 18, 2013Ruben!!! long time no see, hope you're well. We still all talk via skype group on a daily basis if you're interested!
Iceberg Investments - Managed Forex Accounts - Weekly Updates
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TranceTrader replied Oct 18, 2013I look forward to seeing you in action Chao!
Keroro0o0o's S&D + PA trading
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TranceTrader replied Oct 18, 2013You're latest screenshot reminds me of some material I came across early in my trading url . Completely unrelated but I'm smiling to myself thinking how confident I was that I'd cracked it... how little I knew

Following the big money
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TranceTrader replied Oct 17, 2013Okay that makes some sense. Presumably you don't need to hedge anyway because the risk/reward is asymmetric on binaries unlike vanilla options and there is no volatility risk. I don't understand how buying/selling the same option put/call is the ...
How FX options can affect spot price heading in to expiration
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TranceTrader replied Oct 17, 2013How do you delta hedge a binary option?
How FX options can affect spot price heading in to expiration
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TranceTrader replied Oct 17, 2013What do you mean by leverage provided by binary options? I would of thought that the actual leverage/gearing available was higher when using spot. No disrespect intended but aren't you basically just doing the equivalent of spread betting via ...
How FX options can affect spot price heading in to expiration