I dont put few ten of thousand buck to learn these crazy stuff. It is not worth my money. I want a clear cut position. Consistency is key and TA wont work if the Central bank do some surprise stun like a combine rate cut days ago. if ur TA showing market recovering up, but suddenly surprise emergency big rate cut instant drop 100pips how would ur TA detect those? TA wont even work in these market any surprise thing from those central bank people or a few more bank failure can turn the trend instantly.

This post has been edited by billytong: Oct 11 2008, 08:18 PM

Just becareful while u do scalping, 700bil fund fail, a surprise combine rate cut fail also. I wont be surprise these politician announce something else new to "solve" the problem in any time it can be midnight of USA or daytime or afternoon, I just dont want u guys to get caught by those surprise thing.

Trading GJ is one of the worst carry trade, NZD/JPY is the one best for carry trade, it is less volatile than GJ.

As a FA trader, I guess he probably in the same state like me, stopping FX for a while. (or if I am wrong) Wide spread, high Libor rates, Big volatility given the risk/reward it is not worth my time too.


Adam,

The USA situation is not that good either compare to Europe. Both of them are bad, this is the reason why I am staying out. The recent USD strength is boosted by market demand. Check the Libor rates, People are paying high interest to get USD. Market is thirsty for USD in believe that USA is ahead of Credit crunch and probably recover first b4 the world. When all the thirst run dry, u will see how toilet paper the USD is. A country with serious Debt will probably end up printing more money. (Hence USD- in long term)