Search for the Holy Grail in Trading

[MickMason]

Originally posted by jtb790
Yeah, but, my understanding is the euro was mere road kill in the way of dollar sellers.

It didn't want to be strengthened nor did it by people intentionally buying it, at least below 1.3000.

This whole thing had nothing to do with the euro it was strictly a dollar thing.

That is what makes me think that euro longs got killed.

Why else would the move stop? Greed never has enough. IF there were many euro bulls from the 1.2100s or even the 1.2600s they'd have NEVER taken profit: That would have given massive impetus for the market to keep on going.

I think that move died due to the attrition of the movers (those who thought they'd get rich quick by finally jumping in and buying euro), not because people cashed in on the pot of gold in the sky.

I've seen moves end then reverse. This was different. It died.

If there were any beneficiaries it was lucky speculators who sold USD based on the presumption that the market might weaken it due to the deficit numbers.

Now with the prospect of the Fed raising rates to infinity, that's all changed.

s

Well that's your view, as a fundamental player, and just like technical analysis is irrelevant to you the same applies, it's all irrelevant to me to be honest, I'm strictly a technical analyst....unless it's NFP day and then I'm staying well clear!

I think we've taken this thread way off-topic........

Mick

[jtb790]

Originally posted by MickMason




Well that's your view, as a fundamental player, and just like technical analysis is irrelevant to you the same applies, it's all irrelevant to me to be honest, I'm strictly a technical analyst....unless it's NFP day and then I'm staying well clear!

I think we've taken this thread way off-topic........

Mick

Yeah, you're right, we're beating a dead horse.

[MickMason]

Originally posted by jtb790
Yeah, you're right, we're beating a dead horse.

Or that dead elephant (Do elephants eat peanuts?)

I wasn't for a minute trying to put down your analysis, I'm sure it's just as valid and well thought out as any other, if not better, so no offence meant. I've never followed fundamentals, to be honest I don't understand most of it!

Mick

[jtb790]

Originally posted by MickMason



Or that dead elephant (Do elephants eat peanuts?)

I wasn't for a minute trying to put down your analysis, I'm sure it's just as valid and well thought out as any other, if not better, so no offence meant. I've never followed fundamentals, to be honest I don't understand most of it!

Mick

No offense taken, Mick.

Yeah, fundamentals can be a mercurial pursuit.

Or, as an ancient Japanese proverb puts it, A rabbit dies quickest when choking on a mouthful of straw.

I never understood that one.



s

[novice]

Loved the article Joe

Just wished the thread could have stayed on topic (i.e. the fallacies of trading)

[autofx]

Well that's your view, as a fundamental player, and just like technical analysis is irrelevant to you the same applies, it's all irrelevant to me to be honest, I'm strictly a technical analyst....unless it's NFP day and then I'm staying well clear!

I think we've taken this thread way off-topic........

Mick

I seem to recall a post where Mick declared that technical
indicators don't matter at all, and that trading was about
nothing but money management.

I think he only recently discovered Fibs, and is now trying play
pied piper, passing himself off as a "technical analyst".

[MickMason]

Originally posted by autofx


I seem to recall a post where Mick declared that technical
indicators don't matter at all, and that trading was about
nothing but money management.

I think he only recently discovered Fibs, and is now trying play
pied piper, passing himself off as a "technical analyst".

lol, your recall is about as good as your trading!

Quote and link to the post where I say any such thing please, thank you.

Mick

[OK Mick and Autofx you have made your views about each other quite clear, from now on would you just ignore each other?]

[el cid]

Mick

Wasn't your last post on a pitch in Piccadily circus?

Holly wod learn't about making movies about Gigolos from me .....

El Cid[i]