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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
all done sans dead sea scrolls, just blank charts..and a few lines...lol
gl?
I am not at all anti chartastrology but I became after Bear Sterns Lehman TALF TARP QE ...
has nothing to do with free markets anymore.
Did chartastrologers see how EURx shoot up after the newest China bails out Euro ? Was that in the charts? No it was not. Thus my bot trades only trends no ideas of future. Future is made by Central banks.
The HFT has certainly helped to further cloud patterns but I would argue that EWT is all about human behaviour/emotions being the underlying structure of markets. The algos are designed by humans and believe it or not even resourceful bankers are half human. Your typical cheapy MT4 EA is designed by an idiot human but all mkts are comprised of both idiot and intelligent participants.
I am currently back researching currency strength charts once again, looking for more potential there for shorter term forex plays. Perhaps cat would like to comment on that.
The giant bond fund PIMCO said Europe has not yet tamed its debt crisis and will soon face a second Greece in Portugal as the countrys economy spirals downwards.
PS: For FX I resolved the problem already by using the FXCM Java API, this API is superior.
Regards Helmut