Posts by "simon"

Ja Dude

Second reading of your book is paying dividends.

Good, good, good, book !!

I am 31 only started trading proper in 2006, (Dr Forex taught me).

My first email to him early in 2006 and notes i have made on page 71 of your book chapter 4 "Dollar bear awakens"

In early 2006 there was a rally in EURUSD on speculation Fed would stop hiking cycle. At the time i heard it was from a WSJ or FT article, (i will know better to look at the curve next and really know).

DrForex has got this 4x1 strategy (one of which is 1 x direction).

I emailed to him, (early 2006), "i would not like to buy EURUSD right now; there has been a big rally". But i bought it on inexperience.

(He is the type of mentor, who mentioned to me 5:1 at the top of the rally is getting a bit over excited, but it is ok, and then when it, (EURUSD dropped), my account went 5% down, i literally started crying........... he just sent me back my previous email and asked me... "whats wrong?"


Thats my first memory ............ thats when i was "born".


Did you read "Fooled by randomness" ? ............. "The Stove is Hot!". I was worried i could never learn from a history book. You know they say you can only perceive what you have previously expeirenced, (thats why time goes quicker as you get older).

But your book is something else !!! It is very good. It is amazing !!! It is just what i need to know and i am going to make a study of it............. If i ever have a kid, he will not go to school, all he will do is read your book, thats all he needs to know! ........ I personally am making a study of it, starting with the first half........... Placing the chronology of the whole thing is my personel way is important and also what you said at the end of the book is important to the begining of the book.


But it feels like i am catching up on 70 years of being asleep.




Thanks a lot .................. If you want a review on it i will be your man in a couple of weeks time, (i will do full proper study).






I used to like history so much, but they never taught it proper............ Enough rambling.



I am interested to know how old you are Ashraf?



Thanks again


Simon

Ashraf,

I base my parity hypothesis on looking at a 30yr. chart and seeing that it went to $1.05, c.1985. The UK is even more of a basket case than America. At least there is a chance you guys might bounce back. The UK economy has so many structural problems it could collapse into a severe depression. We may need the IMF to bail us out, as happened in the '70s.

I agree the Great Unwind is causing USD strength and this will probably continue for a while.

Some say the Euro is the better place to hide if you have GBP. If the chart breaks c.1.16 it has no support, I've heard 80 cents is possible.

Sitting here in the UK it is all very bleak. The elite have deluded themselves that this is going to be a V shaped recession and the economy will start bouncing back in late '09. I feel like I'm surrounded by lunatics.

Onwards and upwards.

Hi Ashri,

Just found your site via Seeking Alpha.

Some bears reckon that the UK will need to call in the IMF as the economy shows sign of serious structural collapse over the coming months. The debt fuelled Service Sector multiplier will go into reverse, with GDP falling -3%+ during 2009.

If you sat in the pound which currencies look solid?

I have got the USD & NOK.

My sense is that the USD will continue to be the big directional trade.

I can't work out how the Euro/Sterling is going to pan out.

Thank you

All the best.