BoJ Rate Decision and Fukui speaks at 1:30 EST - Page 2
Page 2 of 612 FirstFirst 12
Results 11 to 12 of 12

Thread: BoJ Rate Decision and Fukui speaks at 1:30 EST

  1. #11
    Quote Originally Posted by ;
    What I find interesting about threads like those is that pre-news discharge, everyone and their brother is proclaiming how the market is going to go. I swear -- each n00b and their brother gets on here with just two articles talking about the market is going to go.

    Heck, a couple people are asking what they need to do.

    People, if you're going to try it, seriously, possibly, a) give me your money. I will gladly send you my mailing address( or b) go to Las Vegas, Reno, lt;pick your favorite gaming spotgt;, and go at it. God knows there is some hot chicks there that will fill you up with spirits at the same time you throw your hard earned money away...

    Funny how no one is posting much in this thread today...

    You can not predict the markets, people. When will you learn?

    While I agree with what Mr T says...I must point out however one wants to have some notion about what's more likely than not in the market especially....for example....since that is the thread on the BOJ event....You knew they were not going to cut the rates (knew mean highly improbable that is!!) . . .so discount that scenario....then if they raise rates that means the yen pairs would fall....BUT the pairs had already gained through the last week or so and it looked like the market was expecting the rate increase....so. . .going short the pairs that you would have to get an extremely conservative entry point....so the only hight probability trade that has been available was that the pairs would gain in value over the few hours after after the event...(I'm not saying you could not have made money at the initial spike down right after the initial proposal. . .but theres a slightly different issue)

    Now no one will be right 100% of the time (that is for God!!) Nobody will likely be right 80% of the time...(that is for the disciples). . .The trick is to get the proper security systems working when U are wrong....and always stack the odds in your favor....

    I recall that I was having a conversation with a consistently profitable trader once...(and I'm not certain of its exact accuracy as we were in a pub so give and take a few numbers. . .but the moral still sticks!!) Where he goes...I'm correct 16 percent of the time....my goal is to be like the person who coached me in everything I understand....he was right 24% of the time!!!!! ....what makes him profitable is the security he uses by stacking the odds in his favor for those times he is right. .

    Point is....Trade what u see....not everything you think you see or what you would like to see....but in case what u see is wrong....make sure you have the security mecs. Set up

  2. #12
    Quote Originally Posted by ;
    The BoJ increases rates the yen falls. They don't raise rates (improbable ) that the yen falls a lot further.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.