Forum > View Topic
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
tia
noun
Idioms: come a cropper (BrE, informal)
(of a person) to fall over: He came a cropper on the ski slopes.
to have a failure or near disaster: We nearly came a cropper in the second half of the game.
4 hr still long from 3397 stochs hunching lower soon
expect drift back toward 3400
but weekly trend indicator at this point would turn euro north on major trend, making it the 6th trend change since nov 09...but not sufficient yet for a high probability
profit taking on longs
6th rum caveat
I say neither method always works. I could site hundreds of examples of both methods failing. There are examples every trading day.
Why are we on this forum ? Why are we following Ashraf perspectives and btw Ashraf combines both approaches.
The forum is definitely not suitable for novice traders as there is neither a formal trading methodology adopted nor "trading" education provided. Anyone joining this forum who does not already have a well proven personal trade methodology and Trade Plan is highly likely to come a cropper attempting to follow others.
I honestly believe that all partcipants should refrain from claims that their way is the only way and become a lot more open minded. Their way might be the only way for them but it is certainly not and never will be the only way for all traders.
Catnip has been the classical example of a trader with blinkers, tunnel vision, and very obvious trading inexperience. I am not saying he has nothing to offer here but if he continues to aggresively provoke ongoing argument about techs v fundies the forum will degenerate to extinsion.
My own personal perspective is one of tech trader with very thoroughly developed methodologies fine tuned to suit me and my own personal psychology. I know a lot less about fundamental analysis but am interested to see if combining the two would add or detract to my typical bottom line each year. Jury is still out on that, I don't see any "magic" with what Ashraf is doing but then I didn't expect to see any magic :-)