On each of my blog posts at the bottom there is a category to post a comment.  If there are no standing comments, the category is titled ‘no comments’. Simply access that area, and you will find that you can enter comment which I always try to address.  If you post a comment to one of my blog posts, you may also find your comment and my response by selecting the ‘recent comment’s’ category at the top of the web page and also below the particular blog post for which you entered the comment; it’s always a running log.

I welcome all comments from forex traders, technical opinions, questions as to why I trade certain directions of the market versus the opposing direction. For instance: earlier today, the eur/usd bounced +80 pips off of one of my intermediate targets. BUT it was immediately rejected and the bear cycle started over for our third entry event based on my previous forex market eur/usd forecast and market timing alerts. The market was in a bear pattern. Some may posit that the bounce trade upward was handsome as I sat and watched — on the other hand we garnered more than 210 pips of profit by trading the liquid side of the market price action as many zealous bulls got tweaked.

For many years forex traders have observed that my forex signals are usually “with” the market, or better said on the same side of the interbanks and liquidity providers. This is because my methodology is similar to commercial bank trading techniques.

Of course, as is subjective to any market — any analyst or any commercial position can experience difficult events and negative results; likely limited when negative. So, when it appears I may pass on what appeared to be a solid movement and ‘could’ have been profitable — the reality is it is usually short lived and often the trader wishes they would have been in the move only for it to reverse in earnest as seen earlier today. I can assure you I will be the first to acknowledge when I am mistaken and missed the mark. I hope to keep those events to a minimum.

At times it is difficult for me to learn that after I distribute my commentary price action may stall, reload or become illiquid. I always try my best to make the proper decisions and consider the risks involved for all of us.

Keep the questions coming. I look forward to many prosperous years as the better parts of different markets suffer from indulgence as we in the Forex pioneer the new and coming frontier of prosperity.

Britt Maras – Senior Currency Strategist

This entry was posted on Wednesday, May 27th, 2009 at 10:00 pm and is filed under Forex Market Updates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.