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Posts by "montmorency"

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montmorency
(Abingdon, United Kingdom)
74 Posts by Anonymous "montmorency":
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montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 12, 2010 14:59
In Thread: EUR
Yes cable closed gap (or lost gains since Friday if you prefer) and as I write, a lovely bearish pin bar forming on the 1H .... if you take notice of such things.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 12, 2010 13:16
In Thread: EUR
A race to the bottom?

"If the ocean was whisky and I was a duck,
I'd swim to the bottom, and never come up..."

Just thought I'd lighten the tone of this currently doom-laden thread.
Well the pound sterling has been doomed for all of my life (I'm of the baby-boom (not doom) generation), but, mirabile dictu, it is still worth more than one and a half US dollars as we speak.

Meanwhile if you really want some doom and gloom-laden fun, go and look at the comments on almost any article in Zerohedge. When they're not polishing their physical gold, they're cleaning their guns or stocking up on food, water, and fuel for the emergency generators.

Oh yes, and I love the name "Zimbabwe Ben" someone there used for the more familiar "Helicopter Ben".
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 12, 2010 0:32
In Thread: GBP
And pretty much on cue, gold has spiked up - sorry, wrong thread, but it seems to be all part of the same move.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 10, 2010 23:28
In Thread: GBP
In addition to the other things mentioned, in connection with the increased GB producer prices data there has been expressed (by business leaders - Guardian story today)) fears about more general inflation later in the year. This might possibly have had an effect (even of the BoE has been sangine about UK inflation up till now).
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 10, 2010 23:23
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
@Asad: in another thread, someone referred to a Black Swan event.
I have a worrying feeling that the manipulation story and the paper versus physical story or stories could mushroom into a Black Swan event before too long. Could be nasty. I hope I'm wrong.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 9, 2010 17:21
In Thread: EUR
Interesting. Who would have thought the Polish central bank to be major players?
(Also shows the limitations of technical analysis, sorry to say).
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 9, 2010 17:17
In Thread: GBP
@ptaczek: :-))) Yes, well...I misremembered and thought it was you who had said "90 % of us traders are not buying euro or gbp at these levels so who is?", but looked back after I had posted and saw that it wasn't.

Oh well, the higher they climb, the further they fall ... :-)
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 9, 2010 14:42
In Thread: GBP
@INGbalek: Tough luck. This is precisely why I don't use tight stops or even try to be too exact with my stops. The dollar has certainly been punished today, although GBP/USD has still not yet penetrated 1.54. I hope that next week is better for you (and all of us! :-) ).
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 9, 2010 11:21
In Thread: GBP
Strictly speaking, I was wrong to say the fundamentals hadn't changed since yesterday, since we have had a good data release for the GBP (IMT of April 9, 2010 09:48 GMT). However, the deeper, structural fundamentals haven't changed, IMHO. I don't deny there might be more upside to come, and better places to short though. Of course it depends on one's trading style, etc.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Apr 9, 2010 10:27
In Thread: S&P500 / VIX Ratio & USD LIBOR
@Catnip: Would you care to summarise what your system/method/approach is based on?

I don't mean to ask you to give away here all your secrets ( :-) ). I just mean mention some major headings that people can then go and research themselves if they care to. You have already mentioned some intriguing things.

I have to say that I am an extreme sceptic with regards to most forms of TA, and especially to mechanical trading, but on the other hand, I try to keep an open mind (if that is not a contradiction).

Maybe this would be better continued in the "Trading" thread though.
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