Posts by "tanvir ansari"

All the correlations that USD established are all broken. EUR is the flavor, the reason may be because every one was short and there was no way to make money except to go up. This is no market of fundamentals, this market is gambling, where they see where the money is and how can it be snatched.

That is the only way these big sharks can make money. It will go down, but by that time most of us are all burnt.

This market really needs regulation.

Ashraf,

Now that 1.3795 is reached, seems like 1.3840 will be broken soon, its just a matter of time. With governments coming down hard on CDS and ensuring Greece safety, EURO seems to have turned. Don's you think it is time to reverse.

Also where is EURJPY going?

DOW futures down, still EURUSD going up. Does that makes sense? At this time the correlation should be if DOW is down, EURUSD should be down, but its not.

AreKay,

It's my fault. I understand I took too much risk, so I have to pay for it. I just hope that this just does not jump too much, I will have to put money to save account. But it is very tricky to keep pouring money because you never know how GS and other's can take market how far they can take up before the market coming back to fundamentals. They have big pocket, and I took too much risk, so my pocket is lighter than ever.

I do not see any reason why EUR can go up, but it has been. I did not see any reason for GBPUSD to go up from 1.60 to 1.64 before it came crashing down. I took smaller profits of 100 pips and got out and Bam it fell 1200 pips.

Coolshades,

No, I started giving my own hunch these days. Whatever I feel when I get up in the morning and how the market will move. I somehow feel that these markets are full of conman's from government's banks hedge funds. They have all sophisticated software and hence they have robot software and they are out there to eat.

So really I believe in extreme good luck if you have to make money in these markets.

Thanks,
Tanvir