Baruch's Forex System Journal

Discussion in 'Journals' started by Baruch, Mar 11, 2004.

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  1. rax

    rax

    $-46bln rather :eek:
     
    #891     May 12, 2004
  2. Tried to come in, but was disconnected with my broker (!). And I suppose now it's to late...
     
    #892     May 12, 2004
  3. rax

    rax

    baruch, its never too late!
    but maybe you want to be on the eurusd short side, rather than on the long side, later today.
     
    #893     May 12, 2004
  4. Yes, maybe.

    But you were right, and I was wrong. The market focus was the trade balance, not inflation (import prices).

    I should have gone long before the numbers. I KNEW the trade number would be very big.
     
    #894     May 12, 2004
  5. rax

    rax

    baruch, never mind.
    i wouldnt say you were wrong, you just played it save before the news.
     
    #895     May 12, 2004
  6. Hi again,

    Safe? Yes, and it cost me 50 pips or more in euro. And a lot of pride. I wish my broker had guaranteed stops (and his system did not broke down when the markets moves fast).
    My focus on inflation? Maybe I should trade bonds?

    Did you grab some pips?
     
    #896     May 12, 2004
  7. rax

    rax

    as i said i went flat for eurusd, and brought home some nice 200+ pips - securing my profit.

    im keeping my short in usdchf which moved up from +20pips before the news to +105pips at the moment.

    looking to short the eurusd later today and close the swissie

    but i missed all the action in cable today, i could beat myself :mad:
     
    #897     May 12, 2004
  8. rax

    rax

    great idea:

    start a hedge fund, raise $ 10 bln, hire some noble prize winners, let them develop the holy grail system, leverage your money 30:1, trade swaps and junk bonds, and blow the whole us financial system up and take the rest of the world with you.

    time for some action!

    just kidding :D
     
    #898     May 12, 2004
  9. rax

    rax

    oh, i forgot: massive use of derivatives is very important as well.
     
    #899     May 12, 2004
  10. rax

    rax

    closed short in usdchf +93pips,
    short eurusd @ 1,1900

    sorry baruch, im overflooding your thread.
     
    #900     May 12, 2004
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