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Tomorrow's the day....
https://fxtradersweekly.com
As promised, there's a new video out today with much more detailed info about what's in the FX Trader's Weekly. Only four days to go before it becomes available to everyone.
"Down by the RIVER!!!!" lol
Looking around over at the EW site now. So you're an "Elliotician" then? I always liked the whole price movement fractal concept of that. It gets complex though, and there's that issue of subjectivity in the choice of start point for the waves.
What I'm launching on August 10 (which is only a week away!) is almost all related to fundamentals, so it might be a nice complement to that kind of uber-technical approach.
Well, it's still Monday, so I'm not late! Here's the promised video, which is #3 out of 5. The next one's on Thursday, and that will have a lot more detail.
New vid out tomorrow. 8 days to go...
Ahh, it all becomes clear.
Yes, you were #2 only because I subscribed from my personal channel to make it easier to pull up the new one, lol.
Yes, I've seen your posts over the years, as I actually check the board several times a week. I hadn't been posting for a long time because I had an old computer and all the flashy new stuff on iHub slowed it down too much. Got a new one a few months ago in preparation for this new endeavor of mine...
...which will launch in just 9 days now!
The YouTube channel is actually just one of two social media outlets for what I'm doing. With Monday's video, you'll see what the main site is - but it still won't be open to the public until...
...August 10, 2020.
Which is just because it's the first anniversary of the first issue of FXTW (whatever the heck THAT is, lol).
So stay tuned! And good to see your smiling pixels on this board again!!
Only 10 days to go until the big day on August 10. Another video installment on Monday with more info.
Graveyard? Notes? #2? Color me intrigued!
I know this cAt.
What???? Someone's alive! Long time no see Jester.
Yes, only 11 days to go. But I said I'd put up another video on Thursday, so (finally) here it is.
New video coming out tomorrow on this with more info.
(only 12 more days until August 10...)
Cricket...cricket...cricket.
I posted a little teaser vid. Let's see if I can wake anyone up around here.
Wow, I posted this a year ago. It's been a long slog, but on August 10, 2020, all will be revealed...
This old board seems to be on its last legs. However, in tribute to its early glory days and all the good times we had back then, I'll be dropping in over the next couple of weeks to leave a few mystifying tidbits.
Let the countdown begin...
I'm hoping to get some feedback on my project from whoever's still around on the board, so that's why I bring it up.
To begin with, over the past few years, and after much thrashing around with various strategies and approaches, I've pretty much found my groove when it comes to trading FX. What works for me is what I'll describe for now as a "quasi-fundamental, contrarian/value strategy with trades often lasting several weeks."
It's been a bit of a rocky road, but it's a road that's heading in the right direction. Here's my equity curve since October 1, 2016:
Stay tuned.... I'll post more soon.
Actually, I have a FOREX related project in the works. I'll drop a few tidbits on the board in the coming days/weeks.
I check in here once a day to see what's up, but IH runs very slowly on my old computer; the site is too cluttered with flashy ads, etc. for me to use it easily. But I'm watching!!
Hello there, cAt!! I see there's still a few familiar smiling electrons kicking around this board.
Hmmm... I'll believe it when I see them convert the building to condos.
Yes, the LIBOR fixing was uncovered several years ago. Here's a good summary:
https://en.wikipedia.org/wiki/Libor_scandal
Yes, I actually began trading retail FX in 2004, not long after I first became active on iHub. Eventually all of my trading activity became concentrated in that one market, with a few rare exceptions over the years. That's also why I migrated away from iHub to one of the major FX related communities.
At any rate, a major takeaway from your prior post is that for AIM, volatility is key. A second may be that the equity market isn't the right place to apply AIM to FOREX, because currencies (and thus their derivative ETFs) move much less than stocks and stock indices in percentage terms.
The allure of the FOREX market isn't in the size of the movements themselves, it's in the LEVERAGE available to take advantage of those movements. Where an equity trader can get 2X leverage, an FX trader can often get leverage in the triple digits. I routinely hold positions that are anywhere from 5X to 10X my account size.
But how to apply AIM? I attempted this in several ways over the years, and occasionally wrote about it here and elsewhere. The issue is that, unlike the securities markets (equities, fixed income, options, etc.) the FX market is a relative value market, i.e. THERE IS NO ZERO. Combined with the high leverage, this makes an uber-contrarian strategy like AIM very dangerous to say the least.
Cryptos, now, are a different story. No leverage, and it's an absolute value market. Look at the volatility of the majors like BitCoin, LiteCoin, and Etherium over the past few years. This is an ideal playground for an AIMer. Forget Lichello's monthly update. Do it daily!
I've tallied too long...gotta run.
Thank you!
Hope you and all the AIMers have been doing well these past years.
I believe I still have my AIM power ring, won on this board back in the day. I'm still AIMing, but only very esoteric things; crypto-currencies and virtual world currencies mainly.
Once I upgrade to a more modern laptop, I'll be able to post more.
Still buying their fear,
still selling to the greedy,
in many new worlds.
OT:
Got your msg, but couldn't respond or get onto Haiku board. I'm just a freebie now, and come in for only a minute each day. I-hub has issues that cause my old computer to slow way down when on the site.
I-hub's too flashy...
makes my computer crashy.
Alas, I abstain.
Actually, as I posted the last few messages and bounced around the site, I remembered why I only come in for a few seconds each day.
This site no longer works on Opera due to an unsupported protocol, so I have to use Firefox to get in. But the zillions of flashing ads everywhere on iHub slow that browser down, and cause my whole (old) machine to make funny noises.
So until I get to the point where I can afford a new machine, I'll have to suspend my posts here. I'm still over on FF though, in the Commercial section.
lines = links
I tried to delete one a few months ago and it got reinstated by iHub. That was some kind of broker spam post. Are you talking about those or lines to my site? I'll have to figure out how to get to my post history.
I'm in! I still pop in once a day to check the board.
Been having some success over the past year or so with intermediate/long term positions based on FA.
Still far from living the dream though...
Can't win 'em all!
The accountwas down 2.50% last week for its second consecutive loss.
The account was down 2.7% this week, breaking a 4-week winning streak.
Hey!
Yes, I'm still around. Wondering if all of the original gang here has given up on Forex and moved onto other, easier things (like rocket surgery).
Anyway, I'm still kicking, and have managed to trade a consistently profitable methodology over the past year. I just recently closed the 50th trade in the account, so I did a performance review of the account's first 50 trades.
The results were pretty crazy; a 99% expectancy (so 99 cents gained on every dollar risked for the period). I don't expect it remain that high over the longer term, but still...
Anyway, I've also opened up a new iHub board to discuss my Forex trading methodology called "Cap's Forex Musings," so drop on by!
As always...keep pipping up!
Review of last 50 trades
w00t!
It's a milestone at The Capitalist Trader where I recently closed the 50th trade in my current Forex account (inception date 10/1/2016).
This review showed a crazy expectancy of 99% (!!!) meaning that I gained an average of 99 cents for each dollar risked during this period.
Here are the details.
Greetings!
I'm back, and looking forward to getting involved in the iHub community again after a long hiatus of mainly lurking over at the old Forex Traders board.
After many years of research, trading, trials, and errors, I'm now just finishing up almost a full year of pretty consistent profits. So I thought I'd come back and set up a board specifically to discuss the research and methods that led to this success.
So stay tuned for that, and...keep pipping up!
I just opened up my Oanda platform. Looks fine now. They do tend to do maintenance on the weekends though, with the times posted in their forums.
Need Deeper Forex Data? Try a Spy
Posted:Mon, 28 Mar 2016 09:01:39 +0000
My tag line for this blog begins with the word “exploring,” and that’s particularly appropriate this week. Originally, I had planned to post about a specific long-term fundamental...
Why I don’t trade the Yuan (or even the Renminbi)
Posted:Mon, 21 Mar 2016 07:50:50 +0000
I divide the currencies I trade into two types. For purposes of carry trading over the past few years of low global rates, I’ve used more exotic or emerging market currencies like the Turkish...
Will the Fed Defuse the Inflation Bomb?
Posted:Mon, 14 Mar 2016 07:38:13 +0000
Suppose you’re out for a walk one evening and notice that someone is stockpiling gunpowder at a warehouse in your neighborhood. So you and the neighbors start expressing concerns that if this...
How the Fed Works – A Screenplay
Posted:Mon, 07 Mar 2016 10:13:49 +0000
Greetings, caps and cappettes! There’s been a deal of noise in the financial media of late regarding the question of whether the U.S. Federal Reserve will drive on with its plan to gradually...
Negative Interest Rates and the Science of Choice
Posted:Mon, 29 Feb 2016 16:39:59 +0000
When I was in high school back in the middle ages, I had an economics teacher named Mr. Stevens, who had a simple definition of economics. None of these dry paragraph-length textbook definitions...
Oil, Ideology, and World War III
Posted:Mon, 22 Feb 2016 10:19:14 +0000
Greetings all! You may have heard something over the past few weeks about a little drop in the price of oil or some such thing. I’m pretty sure a couple of the financial news outlets mentioned...
A recap of my recent posts on economics and fundamental analysis, which hopefully puts them into a larger context...
Economics and FA – a Recap
Posted:Mon, 15 Feb 2016 08:31:59 +0000
It’s a sad yet not so puzzling fact that many traders, retail currency traders in particular, rely purely on technical analysis, believing that fundamental analysis has little to offer. At the...
A tweak to the carry trading strategy:
Carry Trade Tweak
Posted:Mon, 15 Feb 2016 08:19:06 +0000
Greetings all! Just a quick addendum to the details of the carry trade strategy I laid out in the previous post. In that post I said that I always put buy orders below the current price and sell...