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Posts by "montmorency"

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678 Posts Total 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
Jan 12, 2010 20:38
In Thread: EUR Trade Index 18-Year Chart
@Asad: You may be interested in a book called "Technical Analysis and the Active Trader" by Gary Norden. In it, he is _very_sceptical about Technical Analysis.

I am not sure if I go along with all he says, and he doesn't really say exactly what one can put in his place, but anyway, it makes you stop and think.

In a previous posting, I asked the question about finding the right balance between fundamental and technical analysis.

Still looking ...

:-)
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 12, 2010 18:23
In Thread: Don't Forget the Yen
@Chloe,

I can't remember his name, but one charismatic commentator I read once described what he liked doing sometimes (in an upward trend) was "averaging up", which he paraphrased as:

"Buy, buy, buy, sell, buy, buy....etc" :-)

It's good when it works... :-)
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 11, 2010 17:49
In Thread: Don't Forget the Yen
@Asad, @Chloe: agreed.

@PippedOff: Your change of attitude is appreciated. Thank you.

In the words of the song (a bit corny, but true):

"Oh well, make someone happy, make someone smile
Let's all work together and make life worth while
Let's work together, come on, come on
Let's work together, now now people
'Cause together we will we stand
Ev'ry boy, girl, woman and a man..."
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 11, 2010 15:31
In Thread: EUR Trade Index 18-Year Chart
@Xaron: Thanks. Interesting, so we haven't really yet had a proper Asian session response to the NFP. Could be more fun and games tomorrow then.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 11, 2010 13:01
In Thread: More Euro Losses Ahead
I'm slightly surprised that the EUR/GBP hasn't done better than it has in the immediate aftermath of the NFP.

If the GBP/USD post-NFP performance is really dollar weakness and not pound strength, I'd expect to see EUR/GBP do better. It has lost today's gains (although only some of Friday's).
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 10, 2010 23:14
In Thread: GBP Trade Index 18-Year Chart
@rkkashmir: Good call.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 9, 2010 0:21
In Thread: CHF Backs USD Shorts
@Ashraf: where is the best place to get clues as to what SNB are up to, in addition to here of course?
Do you mean Bloomberg, etc? - Many thanks, M.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 8, 2010 20:52
In Thread: Don't Forget the Yen
Well I'm still trading in a relatively small way, but even so, I covered the cost of the book, the workbook & the webinar today several times over, and the same yesterday. It's all relative, but I can't believe the positive changes in my account recently. I read Ashraf's analysis, and also what you guys are saying and one or two other sources, filter it through my own judgement and then make my own calls - the responsibility for my trades begins and ends with me.
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 8, 2010 19:52
In Thread: EUR Trade Index 18-Year Chart
@xaron

[quote]
spec, to say it with your words: look at the Euro now it has eliminated most of its losses from the retracement after the news shock today. ;)
[/quote]

Just one more shorting opportunity :-)
montmorency
Abingdon, UK
Posts: 610
14 years ago
Jan 8, 2010 18:38
In Thread: EUR Trade Index 18-Year Chart
@rkkashmir

<blockquote>
Time to short eur.usd. The Money Makers put 65 pips back on their Boy Toy eur.gbp to get it back to 0.900. The amazing thing is GBP exploded also.
</blockquote>

I was a bit premature in shorting it. Still, I can wait.

It's been quite a ride today, not that we should have expected anything less.
Made quite a few pips one way or another.
Now just have to hold on tight, be careful and not lose it all by doing something stupid...
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