Posts by "montmorency"

Catnip on February 3, 2011 16:09 GMT
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!

@DaveO: After I posted the question, I found another posting of yours that referred to it, and in the context realised that it must refer to Elliot Wave, of which I am of course aware (just a bit rusty after a longish break!).

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.

@DaveO: I'm probably being dense or missed an earlier thread, but what are E/W traders?

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.

@Catnip: re: Reichstag: I thought it had never been proved that the NSDAP started the fire, and that the likely truth was the guy who was blamed actually did it, but he was a bit of a nut, and a loner, and not part of a communist plot, BUT it played right into the NSDAP's hands. AH was nothing if not an opportunist. According to Wikipedia: "The responsibility for the Reichstag fire remains an ongoing topic of debate and research."

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.

On: January 27, 2011 00:28 GMT, Said said:
"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.