Posts by "montmorency"

Hi Jack,

Thanks for your clarification. Interesting what you say about the spike in the USD index chart. One of the brokers I use showed it. Another didn't. The one who did seemed to correct it later, although it still showed a healthy jump. Fortunately, it didn't affect me either way, that is to say, the erroneous spike.

As it happened I _did_ buy EUR/USD at the wrong time (I thought it had dropped as far as it was going to. However, it came back in my direction eventually, as I expected it to (eventually :-) ). [Don't trade like this at home kids .... :-) ]

I agree it's as well to be prepared for what might happen. Everyone (not here necessarily, but in the wider world) seems to have written off the dollar, but there seem to be several scenarios in which it could stage recoveries or mini-recoveries, each one of which is a potential pip-generating opportunity (or pip-losing threat, of course).

Regards,
Montmorency


P.S. Xaron: Are you the same (BWILC) guy who posts on FF under that name? Interesting posts/blog.

Qin (if your comment was directed at me), was it George Soros (or maybe Warren Buffet) who said that if reading books could make you rich, then librarians would be some of the richest people on Earth. So, no, I don't think I have too many illusions. I just want to read what I know will be an enlightening book, and also to save asking dumb questions here that are probably answered already in the book. I am mostly annoyed with myself for trying to save a few pounds which probably contributed to the delay in getting hold of it. That was a classic case of a false economy.