T2W Bot

Staff member
1,427 46
Shorting the Japanese Yen has been one of the best and easiest Forex trades over the past six months. Japan’s anemic benchmark interest rate of 0.25% makes it an easy target for the "carry trade", allowing Yen bears to collect interest on their trades. Banks, hedge funds and other traders have shorted JPY vs. higher yielding currencies such as the Great Britain Pound, the New Zealand Dollar, the Australian Dollar, and the Euro to take advantage of this interest rate differential. This has ignited a downtrend in the Yen, which has been exacerbated as these institutional traders add to their short positions. Fears that the Bank of Japan would embark on a campaign of interest rate hikes, which would make the carry trade less viable, has proved unfounded thus far.
Weakness in the Yen makes Japanese goods cheaper to overseas buyers, and boosts the sales and profits of Japanese exporters. As these goods become cheaper, competitors from the U.S., U.K., Europe, and elsewhere find it...
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Marwan2010

Established member
680 32
If not technical analysis, certainly Ed Ponsi is a guru on fundamental analysis! he knows his facts. well written and explained article. Totally agree, what moves the markets is not the news, but the trader expectations and their emotions. well that's what makes a market
 

FXSCALPER2

Established member
964 280
I really can't stand it when people say 'the market is always right'. No, it isn't. In fact I think the market is almost always wrong. Sure, I go with the trend simply because that is what wokrs, but it doesn't follow the market is always right. How stupid is it for the market to expect the BOE to surprise it every month, and when it doesn't, that then becomes a surprise by itself? To say the market is always right is pretty meaningless, IMO.
 

bhavin

Active member
161 12
FXSCALPER2 said:
I really can't stand it when people say 'the market is always right'. No, it isn't. In fact I think the market is almost always wrong. Sure, I go with the trend simply because that is what wokrs, but it doesn't follow the market is always right. How stupid is it for the market to expect the BOE to surprise it every month, and when it doesn't, that then becomes a surprise by itself? To say the market is always right is pretty meaningless, IMO.
Totally agree, dont agree with what Ed Ponsi is talking about! In my opinion Market is NOT always right, but it is always CRAZY - and that is where you have the 90%. It is the few maybe 5% who think the market is crazy, tend to make money.

Fundamentalist will always find a way to justify the news events, there is absolutely no way to gauge the sentiments of the "traders" before the news, as I am sure Ed Ponsi or whoever will not have gone and interviwed the millions of traders - But the newswire have a NEED to justify a move in price, so they say what suits them.

In my opinion, the way to trade is CHARTS - technical analysis, The chart knows the news, it measures the trader sentiments BEFORE the event happens. I fail to understand why traders spend so much of energy on "news" trading - I have yet to find a trader who is succesul scalping or successful trading the news.

I have tried all those, including ed Ponsi, and have failed, and failed and failed....................

I went to basics - just the charts, emas, and macd - thats all. and I am long GBPJPY, from 232.60, ( double Botton, divergence, 123 setup, etc etc) and have already taken incremental profits.

I attended the Ed Ponsi Webinar today on and he was looking for a long, but looking for a breakout ( In his words there is a wall in front of you!) well his entry would be 400/500 pips away from the bottom!!

Well it is easy to sell courses!! but I have "YET" to find a mentor/teacher who will call LIVE SHOTS. I subscribed to Rob Bookers "trial" signal before xmas - and just got 1 signal in 1 month!!

Well guy - to succeed in trading, do simple things, and YES I agree with FXscalper that markets is wrong!
 

pssonice

Established member
900 12
An Introduction to Poverty in the daytrading world :
"Shorting the Japanese Yen has been one of the best and easiest Forex trades over the past six months."
 

PualoP

Well-known member
402 34
Well written article mate. You should try your hand at freelance journalism, your piece was alot better than most of the drivel on Reuters/Bloomberg