SharePosts by robw135
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[quote]bluemele posted:
We do live in a fantastic time though....
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Very true, the last hundred years have seen more progress then all the recorded history before that put together, at this rate the next hundred years will be beyond imagination and I expect to see at least half of it.
However,with 9 billion people by 2030 we'll need some socio-economic paradigm shift soon.
R
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I'm sure Japanese people are very industrious people and eventually will solve their problems just like everyone else will since we have no other choice. Every country is sinking in debt, US is as well but we still have many resources that I am sure are strategically being left untapped/unexplored for until we exhaust the rest of the world....................................
The technology today is so advanced and becoming even more so that pretty soon it will be just like farming where technological advances led to about 1% of the US population in farming being able to support the other 99......
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Gill
What safety?
+200% national debt
Aging population
No natural resources
Stagnation for the last 20 years and no end in sight
Of course I am not talking about the next few hours or days but I think its a Yen bubble right now and we'll see at least 105 within the next 6 months.
I am not a long term trader generally and only got stuck in this position because of my own stupid mistake. However if I was I'd put on a long position and if it goes lower only add to it.
But I do not plan to trade that long of time horizon since I can't stand looking at my gains going on a roller coaster ri......
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USD is getting stronger against EUR which is a major currency therefore USD will be getting stronger against other currencies as well including JPY. But don't take my word for it just look at the charts.
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EURUSD going as expected
should weaken the Yen somewhat
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Gill
Well, if you buy somewhere down here I'm sure you're going to make good money except with the pace that UJ is moving lately you may need to exercise your patience and don't mention it out loud as you'll probably get criticized - for some reason most traders do not understand the concept that sometimes trades need to be held for longer then few hours to develop and that there is absolutely nothing wrong with that strategy even if there is a DD during that period.
As far as USD I think its going to get stronger we may be looking at wave 2 forming right now which should lead to another mo......
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Except that if I listened to everyone's advice I would need to be long and short every pair that is out there.
See, everyone has their own opinion and I made a decision a while ago to only listen to my own - served me well so far.
As you call it "Hope and Hold" strategy is rarely necessary if you look at my history and my average holding times, and I don't need to hope I have full faith in my trades.
I wish I was able to call tops and bottoms as perfectly as some other people in here so I would not need to wait for hours on average. Maybe all the smart traders that post here will ......
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I'm so darn tired of this trade already especially since I over traded on this account and I have to look at the consequences of it everyday. About 120 pips range for three weeks - ridiculous.
Its sure going to be one of the best lessons in my journal.
R
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[quote]zebra posted:
[quote]adamvok posted:
everyone has to experience the pain, at least once :)
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Or Twice
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Or as many times as it takes to reach your goals
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I am still in the USDJPY
if you look in the history I was trying to protect the position by hedging but it didn't go much lower so I just got out of the hedge with a loss - sometimes you have to accept those.
R
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