Seems you are a very good trader....but just something to think about. Your idea does look pretty good, however...... In recent history, whenever there has been terrible stress in the markets, aud has tended to fall more than eur, thus euraud has sky-rocketed. So if a significant major weakness does hit eurusd, its not at all clear that euraud will go down - unless we are talking about breakup of eurozone and a discard of euro as a currency. in that case being short euro against any other currency will give same benefits.
thank you, thank you. at least someone sees my potential Regarding euad.... spoke to market and market said to me what i said in previous post. Last 10 times I spoke with the market turned out correct every single time. spoke with market = not win the trade. this week long euad and turned into 0.08 risk loss. Whenever this happens market runs the other way very often and sharp.
My stats after year 1 of the system as some people seem to be interested based on number of visitors. 1. i was off line probably 50% of time busy with other things in life 2. Managed 8 trades. 6 winners and 0.33 risk loss. I also have time stop. 3. Discovered short term version of my system. 17 trades, 3.5 risks loss,other winners. 3. Did not manage to increase size as one would expect based on above. Concentration & confidence main issue. I am not enough money hungry. Need something for this. Also it was year of verifying & finetuning my system. 4. When loss, market always turned sharply other way. So I am considering some sort of out of money options play and get rid of stops. thats it for this year. Holidays time now although may keep eye on eoy rally.
thinking about shorting eur.... looking at the periphery... interesting one. all the way up (by help of debt) and then all the way down (without more debt) . Strength of EUR is killing economy. Or whatever is left of it. EUR suffered by loss of Lybia and Iraque. If Iran is next further deterioration expected. Intelectual work was degraded by globalization. Germans are wastly overpaid. Chinese can do same quality way cheaper. Social spending unsustainable. Inherited thinking that people are entitled to certain level of standard further undermines eu finances. I think these extreme yields are there for reason and is not jew revenge or whatever. Germans are living off image that is not supported by reality. EU nocked back chinese, their only hope. Russians like wodka too much and are no good when need to help. Yup, there is nothing running for you guys. I expect run on the banks. EU governmets are indebted individuals not. So.... how long will individual keep money in eu and eur, before governments ask it back, or just take it or devalue it. I think not very long.
yet again market did not lie to me was short euad but yesterday all went wrong so i lost position However looking to load on retracement. To people that lok for au property bubble pop in AU, it may be news that this has already happened. and did not hurt aud. Some of the nicest housing i have seen in AU is down 70 % ! True, it is in one of turist places but still. Looks like property investors do not posses appreciation for beauty. Also note that markets are down most in QLD and WA where is all the mining. Clearly other parts of AU (cities) are running on stimulus and will be withdrawn once these prime markets hit bottom and start recovering to smooth the move.
managed to make some money from euad down and correlated markets. Ending year on high point. Looking for a signal to short technology complex. Will simply short index and maybe spread or two. Suspect outsourcers ended its run.
gentle talk to eu depositor RUN,RUN,RUN !!!! OTTAWA -(Dow Jones)- Canada's Finance Minister Jim Flaherty said the euro zone sits on the brink of a "very serious crisis," and may require European leaders to use taxpayers' cash to recapitalize the region's banks and stabilize financial markets http://freeserv.dukascopy.com/news/rss/info.php?id=1779400 sure it is a bit of propaganda coming from anglo world. But I do expect final burst of eur, before ready for buying again. Hope my swing system will get me in at good times. So far, no complaints.
bought some eur against aud. 1.25 is a nice number. 1.7 average over last 2 decades. Simple averaging down. i have no clue what market will do. Any at all. Still in holidays mode. Probably market too. nothing on horison My confidence levels have firmed further reagrding my system. They are based on 17 years of stats, mind you My win rate remains well above 70% and style of trading allows me to load any size I like. So I will !
i find it shocking to see this in CHINESE news : http://usa.chinadaily.com.cn/weekly/2012-01/06/content_14390974.htm property bubble there is looks like large as prices nondefendable. Similar as here in AU. Most people cannot pay off in their lifetimes what they purchase. They are lured into purchase by promise/fear of further gains. oops i forgot. although borrowing from bank seem better than from mafia, check tiny print. Bank can sell your loan to anyone (including mafia )