Skip to content

day trading

The Adventures of a Trader in the Forex Land (5) – More Japan – UK Correlations

twister-sister-gbp-jpy-minutes-graph-april-22-2010 Or (if you want) miss-correlations. As all of your guru traders will say, in the forex trading you learn for your lifetime. And when you think you saw them all, something   comes and takes away all your confidence (and hopefully not your profits, especially when you have the risk management tools in place).

What happened? I decided to test today on the MetaTrader 4 (MT4) platform the buy stop and the buy limit orders on the “twister sister” or the GBP/JPY pair. And the results were quite interesting.

So what happened? I placed from the previous day a buy limit order on the GBP/JPY, on the assumption that the yen currency will devaluate a bit whilst the pound will be stable. This was based on the relatively mild-to-bad incoming economic news: the trade balance of Japan was on the larger side of the forecasts, whilst the GBP news (public sector borrowing, retail sales and preliminary mortgage approvals, to name just a few) should have been better. And so they were.Read More »The Adventures of a Trader in the Forex Land (5) – More Japan – UK Correlations

A Book Review – “The Only Three Questions You Need to Ask” by Ken Fisher

Well, a book on investing on shares by a Forbes columnist who has more experience than my professional age? Could be interesting, don’t you think?

 

And indeed it was. Ken Fisher writes in a somehow difficult manner. He sidetracks with his three questions back and forth on the same subject. And repeats quite obsessively some of his ideas in the 400+ pages of this project. But at the end of the day I found “The only 3 questions you need to ask” informing and well documented. And full of (arguably) useful insights on shares investing.

 

What is the book about?

 

Well, about investing in shares and about how you can sustainably beat the markets. Read More »A Book Review – “The Only Three Questions You Need to Ask” by Ken Fisher