How to play the medium-term trend? Help!

[Trader01]

Originally Posted by idejan

You are perfectly right, and the example is good only to show have the value appreciates/depreciates apart from the the equity curve. It is obvious that one could not hedge 1:1 position since it is kind of a hedge it self .
Being with artistic professional background I'm still grasping the real issue here and how to handle it. The truth is how ever that at the end of this transaction you would have less purchasing power no matter what you expect in the future. So if you let say decide to close the account and walk with your money, you would have walked with less then when you started back in 2002 (compared to the EUR value). It's most probably that I'm missing something and just as I write I can see the possible mistake right in the parentheses i.e using EUR as a benchmark. While there is no question that your value will depreciate if your base currency depreciates, the real question for me is what do you use as a benchmark. (I've stopped here to dig the net and here what I've found http://www.stablecurrencybenchmark.com/)
Now only how could this be used in forex trading.
I believe I've at one time in some forum heared of a guy holding two accounts in different currencies and transferring funds between .
Any comments appreciated.
ID

As for the other part of you message, I hold the same or similar view on the EURUSD as yours (I'd appreciate if you could post your charts here or mail me, I'd be interested to see your longer term charts) it is posted in my threads here on MoneyTec.

Much obliged, idejan.

The Stable Currency Benchmark concept you are referring to, belongs to Robert Prechter, the founder of Elliottwave International. I am familiar with the concept, but do think that it needs more time to be tested as it is still a new one.

Your points are indeed very real and that's why I've asked for help here -- I'm still hoping that some Forex monthly position players will provide deeper thought to this type of gameplan.

Would be happy to bring a chart in to show my Elliottwave Analysis for the long haul, but I'm new here at Moneytec and don't know how to do this.

I use Metastock 8 EOD and am considering an upgrade to Pro 9, but real-time analysis is a minefield fraught with peril for it has the distinct liability of submerging the player into a deaf and dumb zone wherein one loses sight of the forest for the trees. The wide, expansive big-swing view is what I prefer and thrive in. Furthermore, there is no need to be at the computer constantly; once a day for 30 minutes is sufficient once the market has validated one's analysis.

[idejan]

Originally Posted by Trader01

Much obliged, idejan.
...but real-time analysis is a minefield fraught with peril for it has the distinct liability of submerging the player into a deaf and dumb zone wherein one loses sight of the forest for the trees. The wide, expansive big-swing view is what I prefer and thrive in. Furthermore, there is no need to be at the computer constantly; once a day for 30 minutes is sufficient once the market has validated one's analysis.

Perfectly true. I wrote something similar in few posts here.
I rely on a Daily chart for my Wave analysis and check for sub structure synchro on 1H.
ID