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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
I hope this was clear.
Ashraf
will go long again at 3570/80(if it dips to that level..)
I understand that the algo geeks employed at GS are paid more than their traders. Teams of geeks is what their trading is all about so I can believe what you say.
To foresee big moves and the conditions which must be met to trigger the move one has
no choice than intermarket analysis if it is somehow traditional trading with charts instead of
equations. This is in fact quite complicated after all Scholes and Black were awared Nobel
for their work on options price which is a system of differential equations solved into algebaric equations. Unfortunately though Goldman has a big bunch of the world's best mathematicians...
one of my friends now retired earned up to $1 mln a year at Goldman's market simulation dept.
DaveO
in UK and elsewhere where oceanic climate prevails it is difficult to predict tomorrow's weather from yesterday's weather.. so if one is aware there is no free market , markets are manipulated, then one should figure out what is the target of manipulation..the plan... and go with it. You see all those technical analysis rules EWA and such are based on a second axiom, that markets are independent of each other. That is also dead wrong. All this is past, 1930 DOW and such. One needs a multivariated approach today.