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raklian commented Mar 27, 2020The market is always in a correction. Even it looks like it's trending, it is in the middle of a correction somewhere else.
EURUSD correction possible
- raklian commented Mar 27, 2020
It seems like people have different reactions to the SARS-Cov-2 (aka novel 2019 coronavirus from China) for a variety of reasons, largely due to underlying medical conditions as well as one's lifestyle, and sometimes with no apparent reason. This ...
UK PM Johnson Tests Positive For Coronavirus - BBC
- raklian replied Mar 27, 2020
But if we do not have the perception as you call it, it is totally random to us. I fail to see the difference.
Forex is random
- raklian commented Mar 27, 2020
You, among the rest of us, for sure.
Bank of Canada lowers overnight rate target to ¼ percent
- raklian commented Mar 27, 2020
Nah, they'll just create their own... the Benbits (Benjamin Bitcoin).
House clears $2T stimulus package for Trump's signature
- raklian commented Mar 27, 2020
It's going to be a very long recovery, no doubt about it. Expect the market to make a slow recovery in a staggered manner, not reaching the peak for many months.
Elevated Wall Street 'fear gauge' shows doubts about stock market rebound
- raklian replied Mar 27, 2020
Extremely risky, especially if you're trading on very short timeframes. Governments and large institutions are making dramatic moves in response to the coronavirus outbreak, so expect gaps in currency pairs on Sunday when they have to make difficult ...
EURUSD only
- raklian replied Mar 27, 2020
No, that's just the US dollar pulling its weight at other currencies since it is the most traded currency. Even cross pairs are directly influenced by the US dollar. It has nothing to do with randomness.
Forex is random
- raklian replied Mar 25, 2020
Limiting your trades to maybe two or three losses per day (or a sum that is equal to your risk tolerance for the day) before turning off the screen will do wonders for you. Trust me. I've been there. It's the eventual big winner will make you feel ...
Stop searching for the 'Holy Grail', work on yourself!
- raklian replied Mar 25, 2020
Actually it matters very much. We need the markets to be nearly 100% random from any one vantage point of view, otherwise none of us will make any money - the act of taking it from someone whose interpretation of the market at the time is wrong.
Forex is random
- raklian replied Mar 25, 2020
That's exactly where nearly all of my profits are from. These rapid ascends or descends as you call them involve a strong 3rd wave interrupted by a brief, flat 4th wave, before resuming with a 5th wave. It happens over and over but the trick is to ...
Forex is random
- raklian replied Mar 25, 2020
The market is random, but even in chaos there are pools of order. It's called the 5th wave after a strong 3rd wave interrupted by a flattish or narrow 4th wave.
Forex is random
- raklian commented Mar 17, 2020
And then overnight, we have the BIG TOILET industry.
U.S. retail sales post biggest drop in a year; coronavirus drag coming
- raklian commented Mar 16, 2020
I wouldn't buy there. That's making the "catching a falling knife" error.
S&P triggers level one circuit breaker after falling 7%, halted for 15 minutes
- raklian commented Mar 15, 2020
Hedge funds are just glorified traders. Even the best traders are often wrong. What makes them among the best is they are patient enough to score a huge winning trade that overwhelms the string of losses they had to suffer.
Billionaire Ray Dalio says world’s largest hedge fund ‘didn’t know how to navigate’...
- raklian commented Mar 13, 2020
There's absolutely no guarantee it will. The economic effects of the coronavirus can last for years.
Mnuchin expects big rebound in economic activity by the end of the year
- raklian commented Mar 6, 2020
The Euro has been the funding currency for a long time now. Now that the Fed cut the rate by 50 basis points, the carry trade does not look attractive anymore, so it's unwinding. It's not because the Euro is more attractive as a destination to ...
US Dollar sell-off continues as yields plunge further ahead of payrolls
- raklian commented Feb 14, 2020
The dollar is going to get stronger anyway. It's basically the least dirtiest shirt of the bunch. Now, there's talk about the US stock market as a safe haven in this risk-off cycle, so higher demand for US dollars.
Fed's Mester says China virus could drag on U.S. economy
- raklian commented Feb 13, 2020
She's still trading. Only that she's trading her body for money. XD
I Ditched My Banking Job to Be a Sex Worker
- raklian replied Feb 10, 2020
Martingale strategies of any kind don't work in the long run. Better off to trade probability-based strategies that give us an edge over the long run.
Reverse Martingale strategy