Why Do Currencies Have Such Long Trends ???

would have thought letting profits run (home run?) rather than taking small profits would ensure a few (1 in 10 trades ?) big wins.

 

oh, if it was only that easy
that chop can go on longer than I can stay solvent
90% is just money management, but 10% is actual work, and you have to guess what a reasonable stop is, and if you guess wrong you get chopped to death. And if you ever make it through that gauntlet, then you have to guess what a home run is, and it isn't a percentage move. If it was we would all be rich.

 

At a firm allegedly using insider information it's unsurprising a small portion of the trades account for all the profit, since those trades would have an orders-of-magnitude higher edge.

 

Credit cycles are very smooth and very predictable.

 

good to hear, because I'm a forex trend trader, if you say so, I like the smooth, it's the predictable I'm having a little trouble with.

Now where did you say rates will be this time next year?

 

I find the same though with my trading and i don't have any inside info.

 

You are watching the wrong thing. You need to watch the yield curve, the Libor/OIS spread, high yield spreads, and the various carry trades.