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livermore

shanghai bc 03:36 GMT November 25, 2007

Actually sensei I have been selling since near parity. Also buying at times. However, it did not go straight to where it is without any corrections from 1.40. Representing anything else is disingenuous and misleading. Especially recently where corrections have been deep enough to shatter the dreams of many jittery trend traders here who became silent after such only to cheer like heros at te highs. Lest we forget GBP/USD either.

Over and out.

livermore

shanghai bc 01:05 GMT October 12, 2007

The beginners try to be right on directions most of the time, if not all the time, like a cat chasing its tail believng the real money is there while the old timers make real money based on right money management strategies regardless of batting average..It is the right money management strategies that is vital for making real money at all..The real difference between a newbie and an old hand in trading..


Good to hear words of wisdom in the forum. I hope you are well. Peace and GT

livermore

shanghai bc 05:17 GMT October 12, 2007

Yes, time is running. It was like yesterday.
Good to see old trader here.
Take care and GL.

livermore

shanghai bc 05:17 GMT October 12, 2007
You are not that old are you ?

Another day in the jungle !!! May the force be with you and remember "“Knowing others is intelligence; knowing yourself is true wisdom. Mastering others is strength; mastering yourself is true power.”

livermore

shanghai bc 04:35 GMT October 12, 2007

Good point but the other side is when the euro was at the 0.82 in 2000, in this forum people spooked about 0.60 !

livermore

shanghai bc 04:35 GMT October 12, 2007 Reply   
Mumbai Jay 03:07 GMT October 12, 2007

The forex market momentum is the issue here..Euro in 1.40-1.45 region may be one leg of Euro's long-term top region..Euro may be overshooting to the upside now..But the forex market almost always overshoot by a mile once the momentum sets in..At present,we may have the similar situation like that of breaking the Eur/Usd parity in 2000..Euro went down almost 20 more big figures after breaking the parity despite loud complaints by Euroville officials..It may overshoot to the top side by a mile to the dismay and dislike of all cbs involved again this time eventually forcing their hands..By the time the Euroville folks agree to do something on Euro after months of loud complaints and serious discussions,Euro may well be in 1.45-1.50 region..Forex market momentum syndrome..

There are serious asset bubbles in China ,India and other parts of Asia but bubbles can grow bigger and last very long time too..Nasdaq bubble lasted several years too with some folks calling for " new era" where nobody had to work for a living any more and just buy "new era stocks" ..Good trades..

livermore

shanghai bc 01:05 GMT October 12, 2007
Good advice as usual... found this quote interesting as well "sitting on positions and watching the counter-rallies costing truck load of money is not easy job to do and causes lots of pain all the time. Most traders even among experienced ones cannot bear that pain and give up too early. But there is no other way to make a big money and we have to bite the bullet and "sit and accumulate" as long as the medium-term trend is intact. That is why I always believe psychological aspects of trading is far more important than anything else in successful trading. A mind game like those bluffing game of poker.

Entries and exits can never be "irrelevant" for any trader for any purpose. It is just that psychological aspects of trading are much more important than entries and exits, and decisive for the success or failure of a trader in the long run. Perhaps exits are more important than entries because any perfect or near-perfect entries are possible only in hindsight."

livermore

shanghai bc 14:54 GMT April 26, 2004 Reply   

ST 14:38 -- Good evening..Dollar bounce is likely to continue reaching above Usd/Chf 1.35 level in coming days..Then,this is a bear-rally of Dollar with another down-leg of Dollar to be followed afterwards..With possible new low of Dollar..Imho..Good trades..

livermore

shanghai bc 07:42 GMT March 2, 2007
Subject: Reply   
madrid mm 07:00 GMT March 1, 2007

Not worth your time and effort as long as the folks maintain the peg..You may make more money by buying Rmb against Usd..

livermore

shanghai bc 00:27 GMT September 22, 2007 Reply   
Van jv 19:42 GMT September 21, 2007

You are underestimating the human genius and the ability to invent,adapt and survive..The human race has faced the same issue since it started farming a land with a stick several millennia ago..Rice or wheat were something like thistle and apples were something like cherries in those days..Human brains were good enough to invent and survive..Same for the environment..Industrial revolution virtually destroyed the land scapes in Britain but it managed to clean up and survive and same is true for the Mississippi River and Detroit..Humans have the remarkable ability to invent and adapt and improve..I fail to see why this stage of human evolution is any different from any other stage..

On arms race and wars,human race as a whole has never stopped killing each other since it left its cousins in the forest..Name just one decade where human history has never seen some kind of war in the world for the last two millennia..Churches and religions only encouraged more wars and killings in the name of all kown and unkown gods while preaching the peace on their lips..Nation states may be the product of this whole process non-stop-wars too..In this human jungle,unprepared and unarmed only became the victim of the well-armed and more aggressive ones..Some naive and weak races virtually becoming exinct in the process..Who can blame who for arming themselves when the hard nasty facts for the last two millennia are presented before us..Will the compassion for exinct races or killed men be good enough after the killing is done and over..

livermore

shanghai bc 00:58 GMT September 16, 2008
Subject: Reply   
Beijing hoho 16:08 GMT September 15, 2008

Forex market just records the movement of money from one asset to another asset ..So asset markets moves are the reason why forex market fluctuate in the medium-term ..In case of Aud,an easy way to make money is to watch BHP and follow its trend..It almost always leads Aud..It has been in correction since early July and Aud has been in the same boat..Better wait till BHP starts rising if you want to invest in Aud.. Good trades..

livermore

shanghai bc 06:53 GMT September 16, 2008
Subject: Reply   
Beijing hoho 06:23 GMT September 16, 2008

Australian one will do for you.. On investment in US government bonds,they are cash with interest parked for a while waiting for better investment opportunities..Same as savings account at bank as long as US government is there..Losing purchasing power via inflation for savings account is another issue.. On Chinese stock market,there will always be winners and losers every year..Same as in forex market..The thing is how to follow the cycle with reasonably good timing ..

livermore

shanghai bc 23:52 GMT April 4, 2007 Reply   

For Aussie and Kiwi traders,it may be worthwhile if they pay more attention to what Japanese and Chinese traders would do to secure their vital supply and investment..

livermore

shanghai bc 10:19 GMT April 4, 2004 Reply   

Oil,commodities,Yen and Euro..Yen has been putting heavy pressure on all its crosses for a while while it floats with Oil and commodities at presents..It is highly unlikely MoF folks will do much till Usd/Jpy 100 line is reached..Even then,if Oil and commodities shoot up further,they will at most try to control the speed of Yen rise rather than trying to defend 100 at any cost..And this Yen/Oil gambit by Japan will put heavy pressure on Eur/Jpy in coming days too checking any attempt by Eur/Usd to hold its head above water..That is till Japan changes its forex strategy or till Oil and commodity prices stabilize..Pound,Aud and Cad may stay reasonably firm against Euro and Usd while being pressured by Yen..

livermore

shanghai bc 08:39 GMT July 23, 2005 Reply   

NT 02:53 -- Good afetrnoon..With all those terrorists cockroahces crawling around in the streets of London,any bounce in Cable seems to be short-lived recently..I have been a buyer of Eur/Usd and its cousins around and below Eur/Usd 1.20 for some weeks now..In Cable,hope to buy some around 1.73 and below..Hopefully, it works out over the summer in 400-500 pip range..Good trades..

livermore

shanghai bc 01:03 GMT September 18, 2004 Reply   

Some folks obviously suffer from "A compulsive analysis syndrome",I dare say..A temporary and mild mental disorder largely seen among newbies in the market induced by reading too much in a narrow or a motionless market..

livermore

shanghai bc 23:52 GMT December 31, 2006 Reply   
Munich Gold.Martin 18:45 GMT December 31, 2006

Happy New Year..Wish everyone all the best in the new year..Peace,health and prosperity for all..

livermore

shanghai bc 02:55 GMT April 9, 2004 Reply   

NT -- Happy holiday to you..Good trades..

livermore

shanghai bc 02:29 GMT April 9, 2004 Reply   

RYE -- Good morning..Good trades to you..

livermore

shanghai bc 01:41 GMT April 9, 2004 Reply   

ALWAYSRESPECT -- BOJ boys must be having a heartattack after reading your motto..They consider interventions under the firm supervision of MoF boys nothing more than demeaning toilet cleaning..