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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
"The whole bank saving culture which is now the new norm is ridiculous and will lead to another round of stupidity, we can be sure of that."
Exactly. This notorious 'moral hazard' is eliminating the stimulus of economic agent to search for the most effective way to utilize scarce economic resources and thus is hurting development.
what do u think of cardiff sunday operation in amiens with the cardinal in bavaria? any indian issues? or maybe pk? or maybe iranian? make ur choice. les jeux sont faits.
chasseurs de taupe ou fake.
Markets never move in straight lines or when they do that for a brief one or two day period it makes me feel uncomfortable. I always expect to see the usual patterns created which I call "structure" and the structure gives us parameters to trade with. There is no need to guess what the longer term direction will be, just look to trade the current swing on whatever timeframe you choose to trade and don't be put off by Ashraf stance that a 300 or 500 pip drawdown along the way doesn't matter. It does matter and most traders trading accounts say under $350K do not want be trading into deep drawdown. I know one or two traders in this forum have large accounts and one can assume they have enough experience to be extremely tight with their MM and trade management but I would bet the vast majority here are trading quite small size and hopefully at sensible leverage.
The vast majority need to trade with quite tight stops, try to catch momentum and move the initial stop to b/e asap. If the market goes against soon after entry then you read the mkt wrong and should stop out quickly, step back and reassess, re enter if correct to do so.
The EU did one leg down on 60 min chart and then a small corrective up. I would expect another leg down at the very least but I am always ready to be wrong and will act accordingly.
If you start taking note of patterns that repeat you will be surprised at how often the various news stats and perceived fundamental changes just happen to synchronise with pattern fractals you are expecting to be formed. There is no way anyone can keep up with all the fundamental ingredients which provide for an ever changing trading environment but your charts can tell you how to trade.
Most of what we see on fundamental calls is interesting for discussion but the bottom line on this is high egos at work rather than good solid traders at work :-)
Chloe when you post your chart observations it is not always obvious what timeframe you are looking at. This is important as a monthly, weekly or daily timeframe is very different to a one hour timeframe for discusiion. gl and gt this week !
are u in touch in cardiff? in that case where do u see him in five years in the hierarchy? any geoeconomic happening will prompt this. rien a dire?
estherazy je suis et independant.