Disqus - Latest Comments for faithmight

Re: Happy 10th Birthday ForexLive!

faithmight — Tue, 14 Aug 2018 22:31:21 -0000

🙌🏾👏🏾👏🏾👏🏾

Re: Recap: Pound 180s, record stocks, Bitcoin 10k, North Korea returns

faithmight — Tue, 28 Nov 2017 17:23:11 -0000

You'll need more help than anything any one of us could provide here. You'd benefit more from actual one-on-one help http://bit.ly/2sfzCVs

Re: Is The Cannabis Trade Burnt?

faithmight — Wed, 19 Jul 2017 11:34:44 -0000

Hey, thanks, great question! I think insomuch that Canadian companies do business in the US market, their businesses become impacted by US policies toward marijuana. So, no, they are not insulated from negative US policies unfortunately.

Re: This is the Correction We've Been Waiting On - FaithMightFX

faithmight — Tue, 30 May 2017 08:59:26 -0000

Given price action during the European open, it would be these 1.2880 highs but with cable trading above the resistance level now, is it even a short anymore?
I'll admit that my short was stopped out overnight...

Re: What's The Deal With Bonds - FaithMightFX

faithmight — Mon, 03 Apr 2017 08:55:59 -0000

Ah good points! Plus, you don't truly enjoy the coupon as that'll get reinvested in mutual fund. Thanks for the food for thought. Can I ask you which institution you like best to purchase individual bonds?

Re: What's The Deal With Bonds - FaithMightFX

faithmight — Sun, 02 Apr 2017 22:07:04 -0000

I couldn’t agree MOAR about owning bond ETFs in terms of buying them to truly hold bonds. A mutual fund or actual bonds (go figure!) is better. I like to use the ETFs as a proxy for pricing but that’s about it. The volatility involved kind of defeats the purpose of the high duration.

Re: Remember, The Euro Is a Safe Haven

faithmight — Mon, 18 Apr 2016 20:52:20 -0000

Yes, if this consolidation can unfold quickly. However, it looks like we have more to go before buyers step in. A lot will depend on how the market reacts to the ECB now since 0.7940 didn't hold as support today.

Re: Pay Attention to Risk - FaithMightFX

faithmight — Thu, 02 Apr 2015 09:08:04 -0000

Great points on GBP. While I agree, I think USD is running this show for now. When a currency can't rally on good news, I'm always suspect. USD hasn't been able to for past 2 weeks. If she can't go down, up is the only other option. It's sustainability, of course, is a whole other issue. Might be great opportunity for GBP bears unless USD gets hit really hard. That remains to be seen.

I think the points you make about the GBP will play out more so in the crosses. Already today we see $EURGBP rallying and $GBPNZD unable to regain the 2.00 level. $GBPJPY continues to grind lower. Still waiting for the week close, but you're right, GBP in big trouble. However, the better play is on the crosses rather than cable for the moment.

Re: Confessions of a Forex Trader - I HATE Changing Brokers - FaithMightFX

faithmight — Sun, 29 Mar 2015 22:31:37 -0000

I like this. I couldn't agree more. Thanks for leaving this advice.

Re: Confessions of a Forex Trader - I HATE Changing Brokers - FaithMightFX

faithmight — Thu, 12 Mar 2015 10:06:27 -0000

Sure. Agreed. Finding the right broker is only a part of the process to success.

Re: Is This Really A Trend Reversal

faithmight — Tue, 26 Aug 2014 16:02:02 -0000

I disagree fundamentally but there is a technical case for bulls closer to 1.65. Time will tell.

Re: Mental Stops - FaithMightFX

faithmight — Mon, 04 Aug 2014 14:36:55 -0000

"But the idea that brokers or HFT machines are out there hunting *your* stop is slightly absurd. Most likely they are looking at an order book and know that there are a million orders there. If you're one of them, tough luck.."

I think that is the premise, however, I don't think it that absurd a notion that there are some algos out there that do hunt stops using said order book. Avoiding that malaise altogether by not even being in the order book is more the notion I took away from her remarks. As you have stated, the breakouts in these markets have been fickle at best. And I couldn't agree with you more that we require a little more sophistication in setting our stops. Perhaps conditional stops is a better term for it. I like that!

Re: Mystery Chart: What Do We Do Here? - All Star Charts with JC Parets

faithmight — Thu, 10 Jul 2014 10:27:26 -0000

Looks like a bull flag. Potential for a break higher. Do nothing here. Buy when price reaches bottom of triangle and holds the support.

Re: Raising Money to Help African Girls Stay in School (Our Daughter’s Fundraiser)

faithmight — Wed, 11 Jun 2014 12:56:41 -0000

Ok! So you are helping Kenyan girls. Consider changing the title of your posts and tweets to helping Kenyan girls stay in school. It's just more respectful.

Re: Raising Money to Help African Girls Stay in School (Our Daughter’s Fundraiser)

faithmight — Wed, 11 Jun 2014 12:13:52 -0000

Where in Africa? Perhaps a teachable moment to provide actual location of the school and photographs instead of using the label "Africa" as if it is one big country. That is a perception (Africa is 1 country) you have the opportunity to dispel.

Re: Eurodollar interest rates -- the commercials have the big specs by the gonads PeterLBrandt PeterLBrandt

faithmight — Thu, 15 May 2014 13:52:39 -0000

This is really good, Peter, thank you. One question just for my own understanding: Why couldn't we assume that commercials would start to take profits causing price, then, to decline?

I'm guessing the answer is that current price action is king and thus the sentiment conclusion you presented that "All this spells potential capitulation by large specs."

Re: About Me

faithmight — Wed, 30 Apr 2014 20:34:29 -0000

Awesome! Thanks for following!
Journaling is a great learning tool in trading so I highly encourage the website. Be patient in your journey too as trading is much more difficult than it appears. Good luck and happy trades!

Re: Sterling Digest, 15 January 2014: WTF

faithmight — Wed, 15 Jan 2014 04:59:33 -0000

Duru, thank you! I actually feel a little steadier now in terms of direction. Now I'm working on my timing. Today already feels like a new start. And you are right. Short $EURGBP treating me well so far and looking for $GBPNZD to set up higher.
And many thanks to you also for the great charts. Very curious all those 50-days. But it certainly made things a bit clearer for me too.

Re: Twitter DMs from anyone didn’t work

faithmight — Tue, 19 Nov 2013 16:47:43 -0000

Ah I see. I missed that feature rollout. Thanks for clarifying.

Re: Twitter DMs from anyone didn’t work

faithmight — Tue, 19 Nov 2013 14:19:18 -0000

That's not true. It has always been the case the you could only receive DMs from those that you follow. Unless I'm reading your post wrong.

Re: About Me

faithmight — Sun, 20 Oct 2013 00:20:39 -0000

Hello! It takes many years to be a successful trader. It will also cost you money as you take many losses in the market. However, if you enjoy trading and have a trading system that works, you just have to trade through the losses. You can only gain experience and understanding by trading so you begin to understand your own psychology and weaknesses so that you can gain a winning combination. Also, learn from every trader you can regardless of the market they trade. StockTwits is a great place to find the best traders in the world. Forex is a very hard way to earn a living. If you want it, you will have to work very, very, very hard for it.

Re: This move in Facebook is just the start – Steiman

faithmight — Thu, 08 Aug 2013 09:24:15 -0000

Agreed

Re: How Do You Know When a Stock Is Broken?

faithmight — Wed, 07 Aug 2013 08:03:40 -0000

Great guidelines here for both techies and fundies. Thanks for putting together. Smart.

Re: My opinion of current futures markets (as of August 7, 2013)

faithmight — Wed, 07 Aug 2013 07:32:48 -0000

Do you have a threshold for when the bearish GBP picture changes for you? It looks like around 1.60 on your chart. I've been touting 1.55 for a couple weeks now.

Re: The Day Before: Ryan Coogler on Fruitvale Station

faithmight — Tue, 23 Jul 2013 21:41:37 -0000

Bravo