Posts by "bigbaby"

Does anyone here believe that the Fed's Plunge Protection Team props up the S&P index through their proxies ?

I keep reading in the blogosphere that they do it through the futures market before and after trading hours, during weekends, early monday morning hours etc.,

Is there any truth in it ?

Because if they are meddling, I think the S&P index is going to see 1500 first before it faces any serious correction.

Yes I think it is very nice of Ashraf to host something like this where there is something for everyone.

I hope that the folks here dont go unduly harsh on him when it takes a lot for him to put his credibility on the line and for everyone to see or worse still- judge.

I believe he doesnt post under a nickname, yet.

@DaveO

From a newbie's point of view this whole fx thing smacks of a casino, particularly the short term trades whether they are based on fundamental analysis or otherwise.

Between the devil and the deep blue sea, fundamental analysis seems to make a whole lot more sense to me and it's just my personal view that fundamentals decide the direction the markets ultimately take. To say that charts determine future movements just doesnt seem logical to me. That's not to say that charts dont have a part to play. I feel that they do help me crucially in entry/exit points and money management. That's about it.

If I had to stake my life and choose between them- fundamentals is it. But that's just me. Even then that would only be for longer term trades. In the short term anything goes and it is a casino out there, the way I see it.

Ashraf does some great fundamental analysis. In fx, 500 pip movements either way is just noise, not to mention 80 pip movements.

Relying on charts for short term trades is as good as gambling. It becomes calculated gambling with money management skills and nothing more.

Ashraf,

That was a tongue in cheek suggestion of course. I wouldnt want to see it go that way frankly.

But when people put their ego before everything else it is tempting to keep them away from each other so that their comments and contributions dont get personal and abusive. God knows just why they dont realise it's a waste of everyone's time except for some cheap and fleeting thrill.

On the otherhand I also hope forummers dont take any comments too personally because I believe that the internet is a matrix and everyone here is on the blue pill LOL. But there are many people in the world who take themselves too seriously and that sickens me.

I know that views slamming one's monetary positions and their ego as well, can and will feel threatening at times. Dont let it get into you and stop hitting that "Submit Comment" button if you dont have something positive to say about another person.

No one is gonna remember what you said in your post for more than 15 seconds.

Money comes & money goes. It's ok to lose money so long as you dont let it eat up your soul. Everything will come to pass. Chill out folks, it's a short life.

This wussy is gonna go out and have a drink.