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Mizzer:
My charts go back a lot further than 1990 they are useful to me. So what is meaningless to you may certainly not be meaningless to others. my charts go back further than 1960 as well so I really dont have to "try to dig them up someplace"!
Monthly charts are helpful so are quarterly charts. I use those also! It is only 2003 the last time I checked. Charts going back to but 2001 only tell a miniscule part of the story. The equity markets are at the peak of a wave 5 that began 50 years ago! I need to find wave 1 wave 3 of that cycle. I have the charts that do that also!
Why do you say that I am set on "one side of the market"? I trade euro in both directions.
If charts going back to 2001 are all that is important to you you herein admit that since 1999 euro went down for 2 years then up for two years then you are saying that euro is sideways!
I sell euro because I make money doing it!
I dont kid myself by saying the trend is my friend. The trend aint my friend! The trend can only be confirmed on the left side of the chart- after it is too late to use it. I dont need any friends that aren't around when U need them only come to the party long after the fact. For me that little trend frend riddle is a snow job of little value.
Do you see me fighting anything? My trades are working. If all you see on the chart is 100 pip down moves on euro then we must not be looking at the same charts. yes for most all of this year I have been successfully trading euro south with 75% of my trades being south 25% being north.
One ought look at the JPY. It has been in a serious down trend forever-since 165! So why has everyone been mostly trading it north for numerous years now?
In the end the chart I posted says south to me. Now if it says north to you that's ok with me.
Now I am sure I missed a few of your points. Good trading to you as well no matter which direction you trade!
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