Forum
Posts by "montmorency"
678 Posts Total by "montmorency":
74
Posts by Anonymous "montmorency":
said: "for every 10 productive workers there is one lazy stupid official extremely overpaid in Germany
weighting on productivity they always want more and always get more ... this economy has no future"
Oh dear, if that's the case, then there is no hope for us (in GB) at all!
I have to plead guilty to being a lazy trader in that respect, in that I have never studied it properly, and am therefore agnostic as to how useful it is.
There used to be a regular poster on here who posted EW-based trades, but I can't remember her(?) name. I've not noticed her(?) since I've been back.
Thanks for the references.
This is why I no longer, or almost never, trade EUR/GBP.
I suppose that purely technical short-term moves may be an exception to this.
*[These numbers are in the annual reports for the International Bank of Settlements]
Fundamental Opinions getting in the way of Price Action: Yes, been there, done that, and it's sometimes not a pretty sight. Much more wary these days.
@Chloe: [February 1, 2011 17:33 GMT]: Yes, Ashraf can be a little cryptic sometimes. You have to try to fill in the gaps / read between the lines with your own knowledge, experience and research.
Thanks for the link.
Cheers,
M.
As for the CIA on the other hand, I think their fingers have been in quite a few pies, some discovered, some yet to be discovered. Ultimately, it is essential that the USA's man gets in in Egypt (whoever it may turn out to be). They didn't handle the succession (from the Shah) very well in Iran, and we are living with the consequences to this day. Same could happen in Egypt. The law of unintended consequences.
Many thanks Catnip. I have recently obtained and briefly tried a free CSM which depends on data from an MT4 broker, which happens to be a market maker. (I don't have access to interbank data :-( ).
I guess this is not the same as having the professional tool, but it's better than nothing.
One possible use of this, as I have read, is to spot a change from risk aversion to risk appetite, for example. Also to draw your attention to changes across the market, which may alert you to "news" that you had not spotted before. Quicker than looking at all the relevant charts. Early days using it for me, so I'll see how it goes.
Thanks again.
"eh montmorecy
what indigo meter?"
@Said:
I don't know why you say "indigo meter".
Catnip has referred to a strength meter several times, a currency strength meter obviously. I know there are several around, some free, some chargeable.
Anyway, I have now done some reading around the subject, and I see that it is used in a slightly more subtle way than I had imagined, and of course, in conjunction with other information.
Catnip didn't reply (or I didn't see his reply). Maybe he didn't see my question, or perhaps prefers not to talk about it. Fair enough.
I am glad I have missed the Fundamentals vs. Technicals arguments. I won't be joining them.
I would add though, that there is another factor, namely "Sentiment", which might be regarded as part of Fundamentals, not that it really matters what you call it, but it is important in trading I think. Ashraf is talking about this all the time, although he may not necessarily call it by that name every time.
I hope everyone had a good week, and has a good one next week.
I know of one free one (for MT4, not sure if there are versions for other S/W), but I am somewhat sceptical of the whole premise, to be honest.
I know that the principle is to buy strength and sell weakness, but this also seems to depend on the principle that the future will behave pretty much like the past. I suppose if you also add in fundamental reasons, it's ok, but I still have my doubts.