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  • Draghi says don't try to infer negative deposit rates

  •  Guest
  • | IP XX.XX.154.153
Unbelivable.

Are they trying to riun the small traders or what?
Nice One!
What are this casper...... Same shit like the u.s. One day say minus interest rate might be a solution but not yet discussed...... Yesterday Ecb member say minus interest rate might be the next step and now this casper we should not expect it......a kindergarten is much better than this muppets
Yes, recovery time
breaking my A**, just manipulation yet again from the poms!!
  •  Guest
  • | IP XX.XX.57.54
shock horror ...breaking news...some ecb members have different views than others.... ! get real.
They are playing us for fools,
Make sure that the light at the end of the tunnel is not an on coming train
ECB and Mario not on the same boat?
Draghi himself fear of negative interest rate and may be seen in near future.
Enter Signature
Quoting hkg_paul
What are this casper...... Same shit like the u.s. One day say minus interest rate might be a solution but not yet discussed...... Yesterday Ecb member say minus interest rate might be the next step and now this casper we should not expect it......a kindergarten is much better than this muppets
Well said.. bunch of clowns..
  •  Guest
  • | IP XX.XX.154.153
With all this flip flopping you might as well choose a direction, buy or sell a lot and set a 50 pip take profit and forget about it.

Will hit within two days.
Quoting hkg_paul
What are this casper...... Same shit like the u.s. One day say minus interest rate might be a solution but not yet discussed...... Yesterday Ecb member say minus interest rate might be the next step and now this casper we should not expect it......a kindergarten is much better than this muppets

:d there's always a way for them to manipulate currencies, we always bear the brunt.. not
  •  Guest
  • | IP XXX.XXX.76.184
i think they are using the interventions by words .... in the perfect time they push one of the members to open his mouth
  •  Guest
  • | IP XX.XX.154.153
I do not understand Draghi. He recently said he wanted the Euro in the !.33 - 1.34 range and now he says this knowing that 1.35 is again possible.

Very strange.
Quoting babi3036
ECB and Mario not on the same boat?
they are on the same boat and I now really think they are manipulating.... all lwa makers same like u.s.
  •  Guest
  • | IP XXX.XXX.172.69
We traded humor yesterday, now comes the fact
Forget the Draghi noise. He is speaking to a German audience. What matters is on your chart. Just open your eyes, conduct an analysis of probabilities and you'll know what to do within the context of the time frame in which you are trading.

As for the macro-economic facts, the Eurozone is facing disinflation and the only way around that is through further easing.

As the Italians say, Punto e basta.

I am prepared to sell at 1.3486
Those who say it cannot be done should not interrupt those who are doing it
Quoting Sandy29
Draghi himself fear of negative interest rate and may be seen in near future.
Exactly - plus he said he wanted EUR in the 1.33 - 1.34 range.

Everything seems so manipulated the last two weeks.
Quoting hkg_paul
they are on the same boat and I now really think they are manipulating.... all lwa makers same like u.s.
Quoting hkg_paul
they are on the same boat and I now really think they are manipulating.... all lwa makers same like u.s.
they just want to play mind game bro
This Graghi just f!cken pops in and out of existance to fcuk up the Euro and my positions. #DraghiSUCKSdick
We miss 100% of the shots we don't take
Quoting Guest
Unbelivable.

Are they trying to riun the small traders or what?
Was always in the charts----------------> News is noise in direction if Draghi was a trader I assure you he would not trade by news but by the charts ------------------> a word is enough for the wise.
Mario and the ECB seems to have their brokers and to trade in forex. Every day we are witness contradictory statements from ECB officials. It looks as if they are ready to speak what suits them, or where their orders are in what direction. Ten years ago officials from central banks talked once in six months. Today, every day some statements from some central banks. This is an interest group that looks just working for their pockets. As for me I'm ready for their game.
Quoting Loadedgun
Was always in the charts----------------> News is noise in direction if Draghi was a trader I assure you he would not trade by news but by the charts ------------------> a word is enough for the wise.
Are you bearish on EUR then? (I am because EU must confront inflation)
Hello everyone,
Institutional traders are bulliush, yseterday movement was correcrice and panic, we can see that from selling cliimax on ultra high volume...

Best Regards,
Petar
"Buy on fear, sell on greed !!!
Quoting Petar_Serbia
Hello everyone,
Institutional traders are bulliush, yseterday movement was correcrice and panic, we can see that from selling cliimax on ultra high volume...

Best Regards,
Petar
Interesting view you have there. So what you are saying is that if price falls on high volume and rises on low volume, the sentiment is bullish?

I contend that the direction that generates the most volume is the dominant one and the direction that generates low volume is the counter trend.
Those who say it cannot be done should not interrupt those who are doing it
  •  Guest
  • | IP XX.XX.224.103
Forget Draghi noise but follow Coeure BS. oc what suits u best.
Oh and Draghi is Italian so if someone is going to say "basta" he is the one entitled both by chair and nationality. Kinda "whatever it takes" remember?
  •  Guest
  • | IP XX.XX.176.120
Unless all of my mentors were wrong, selling on high volume is bearish. but who knows with the new normal central bankers' circus.
  •  Guest
  • | IP X.XXX.68.159
lol its old government strategy if someone say or wright something true they dont want you to know they deny it next day
Undoubtedly true.

My question is where to get that reliable volume data from. I am skeptical that tick data truly and effectively equates to volume data.

I would welcome any link you may have the shows me what I don't know about this issue.

I don't want a central exchange for all Forex transactions; but that does seem to me the only way to amalgamate OTC trading and swaps/options/futures etc in currency trades from exchanges.

The largest market in the world at 5.3 Trillion dollars a day, and yet no fucker can actually prove it is true.

Quoting PipTrapper
Interesting view you have there. So what you are saying is that if price falls on high volume and rises on low volume, the sentiment is bullish?

I contend that the direction that generates the most volume is the dominant one and the direction that generates low volume is the counter trend.
Quoting Guest
Unbelivable.

Are they trying to riun the small traders or what?
Thats exactly what they always do.
Quoting PipTrapper
Interesting view you have there. So what you are saying is that if price falls on high volume and rises on low volume, the sentiment is bullish?

I contend that the direction that generates the most volume is the dominant one and the direction that generates low volume is the counter trend.
Since i i marked 1.3300 like end of bearish corrective phase and starting of bullish continuation phase and since we are in uptrend.Seling climax at 1.3400 followed by high volume up bars was good sign that down movement from yesterday was panic movement from weak holders.Volume analysis is not about analzing one bar, its analzing whole background on the market.

Best Regards,
Petar
"Buy on fear, sell on greed !!!
Quoting dancingphil
Undoubtedly true.

My question is where to get that reliable volume data from. I am skeptical that tick data truly and effectively equates to volume data.

I would welcome any link you may have the shows me what I don't know about this issue.

I don't want a central exchange for all Forex transactions; but that does seem to me the only way to amalgamate OTC trading and swaps/options/futures etc in currency trades from exchanges.

The largest market in the world at 5.3 Trillion dollars a day, and yet no fucker can actually prove it is true....
Hello there,

Maybe you are sceptical but volume in tick data is the same thing like volume on stock,i mean the point is the same.I am professional analyst more then 7 years and i got great results and i base trade on volume analysis and multi fibonacci zones.Like any professional type of analysis it takes years to learn proper way of trading volume analysis and how to implement in trading but once you master, you can just read more then 70 %, where is the institutional money and what are their next steps.

Best Regards,
Petar
"Buy on fear, sell on greed !!!
One more rainy day and inshallah by Monday we see sunshine !
ya ya....whatever you said Draghi.
Quoting Petar_Serbia
Since i i marked 1.3300 like end of bearish corrective phase and starting of bullish continuation phase and since we are in uptrend.Seling climax at 1.3400 followed by high volume up bars was good sign that down movement from yesterday was panic movement from weak holders.Volume analysis is not about analzing one bar, its analzing whole background on the market.

Best Regards,
Petar
Well, since yesterday's move down was an impulsive move verified by a 5 wave elliott count, and since the previous move up from the 1.3295 lows was an overlapping complex corrective move, I am more inclined to believe that yesterday's move down was a wave 1 impulse of a wave 3 down. Therefore that makes today's move up the start of a correction (wave 2 of 3) before the downward resumption (wave 3 of 3).

Now, assuming that yesterday's move down was corrective, then that would make it an A wave, which means that we are now in a B wave which will be undoubtedly followed by a wave C down. Mind you, I do not buy into that at this point unless this correction is an extension of the correction that started at 1.3295 in which case we're still heading down in the end anyway.

Therefore, either way, I maintain a bearish sentiment on this pair.

Now of course this all depends in which time frame you are conducting your analysis. Mine is in H4 and daily (and sometimes H1) while always keeping the weekly and monthly in perspective.

From a candlestick PA perspective, yesterday we had a bearish engulfing daily bar which took out the daily lows of the last 3 sessions. Surely that is a very bearish signal.

From a volume perspective, taking into account the volume analysis of the last month, the last time we had such volume as yesterday was on 7th Nov 31st Oct which provided the first and second bearish signals for this pair (Also bearish engulfing bars). Prior to that, all high volume days were bullish and the bearish days which reversed up at support were low volume. Therefore, it stands to reason that high volume (albeit tick volume) is indicative of dominant sentiment.

Of course I could be wrong, but I have to go with the probabilities presented as they are interpreted by my own analysis. Nobody knows which way this pair is going. It's been rallying on false hope for almost 18 months now, so another month of the same BS would not be out of the question.

Cheers
PT
Those who say it cannot be done should not interrupt those who are doing it
Quoting Petar_Serbia
Hello there,

Maybe you are sceptical but volume in tick data is the same thing like volume on stock,i mean the point is the same.I am professional analyst more then 7 years and i got great results and i base trade on volume analysis and multi fibonacci zones.Like any professional type of analysis it takes years to learn proper way of trading volume analysis and how to implement in trading but once you master, you can just read more then 70 %, where is the institutional money and what are their next steps.

Best Regards,
Petar
I am inclined to agree with you (based on your posts) that you have a fair sense of where the money is. Regardless, it is I believe possible to gain the same sense otherwise (other than the long time you suggest it takes to understand institutional positioning from reading volumes) --------------> in any case your analysis is usually borne out by subsequent price action (although in this case and like a lot of people you had no way of seeing this pullback beforehand but by using polynomial vectors that and the money can be seen with less than 6 months hard work training to mathematically model the market and at greater than 70% visibility). But I like your style ---------> so all the best.

Cheers
Thank you for your reply Peter, and I have read some earlier posts by you about the subject.

I am a skeptic because I have not read anything by way of an empirical study to show me how tick data equates to volume.

I have made a lot of money. I trade at 500 lots. I am a counter trend trader and scalper. Useful volume information would be very useful to me with my way to trade.

I would like to find a way to believe in tick data. That it in some way is equivalent to volume.

Perhaps you have a link to a useful resource I can learn more about what I am missing on this subject.

I am a sponge for new adaptions to the way I trade.

Quoting Petar_Serbia
Hello there,

Maybe you are sceptical but volume in tick data is the same thing like volume on stock,i mean the point is the same.I am professional analyst more then 7 years and i got great results and i base trade on volume analysis and multi fibonacci zones.Like any professional type of analysis it takes years to learn proper way of trading volume analysis and how to implement in trading but once you master, you can just read more then 70 %, where is the institutional money and what are their next steps.

Best Regards,
Petar
Quoting PipTrapper
Well, since yesterday's move down was an impulsive move verified by a 5 wave elliott count, and since the previous move up from the 1.3295 lows was an overlapping complex corrective move, I am more inclined to believe that yesterday's move down was a wave 1 impulse of a wave 3 down. Therefore that makes today's move up the start of a correction (wave 2 of 3) before the downward resumption (wave 3 of 3).

Now, assuming that yesterday's move down was corrective, then that would make it an A wave, which means that we are now in a B wave which will...
I enjoy good disscussion.Anyway, everyone got different way of analyzing market and that is normal i just said my opinion.We will wait and see the market reaction.

Best regards,
Petar
"Buy on fear, sell on greed !!!
well in my opinion most traders are thinking it's going down
no babe it's going to go up above 1.41xx in coming days/weeks

any sos long stop must be below 1.3387 i have at 1.3380

Good luck.
i am not a commercial member

aussie at good buy zone at 0.9235

g/l
Quoting dancingphil
Seems you are recruiting for the disaffected. It really does seem you are seeking to recruit the disenfranchised.
Yeah some of his recruits are already 400 pips down following his holy grail of chaos muttering!

What makes this chap so anti fundamentals is FA to me. There are different ways to trade but what make this F twxt discrediting everybody else who are using fundamental bemuse me.

O well his latest stance of entry at 1.37x to TP 1.4 is gone and hopefully gullible traders who subscribe to him monthly wakes up! Not 400 pips down
Quoting dancingphil
Thank you for your reply Peter, and I have read some earlier posts by you about the subject.

I am a skeptic because I have not read anything by way of an empirical study to show me how tick data equates to volume.

I have made a lot of money. I trade at 500 lots. I am a counter trend trader and scalper. Useful volume information would be very useful to me with my way to trade.

I would like to find a way to believe in tick data. That it in some way is equivalent to volume.

Perhaps you have a link to a useful resource I can learn more about...
Hi DancingPhil,

As you may already know, this is a controversial subject. I do not know of any empirical studies that prove or disprove that tick data is relevant, however I do have my logical deductions about it and in a nutshell, tick data is implied volume.

Assuming that you use a broker that does not filter price changes (ticks) from the multiple feeds, in other words assuming your broker is not a bucket shop, each tick represents a transaction or market maker reprice. There is no indication how large the order was or exactly how many orders there were in the move. Therefore it would be acceptable to argue that during certain high tick moves, there were many small orders that amounted to less actual volume than a few ticks with very large orders. However, for the most part, the majority of the time, it is safe to assume that high tick data rates = high volume.

There are many that use futures and options volume data as a gauge, but this too is not good enough as an accurate barometer of spot volume because as I am sure you are aware, the futures and options exchanges are a very small subsection of the entire currency market. An argument can be made that it is a good enough sample set, but I could also argue that futures and options and purchased and sold for reasons that are different to those of similar purchases and sales in spot forex... therefore the volume/tick profiles could differ greatly as there may be differing underlying sentiments driving price.

In conclusion, the fact remains, that in the spot market (and other otc markets) tick data is all we have to work with. What matters is whether or not a strategy based on tick data works for you. If it does, use it.
Those who say it cannot be done should not interrupt those who are doing it
Amazing manipulation which is excellent for my strategy.
Quoting dancingphil
Thank you for your reply Peter, and I have read some earlier posts by you about the subject.

I am a skeptic because I have not read anything by way of an empirical study to show me how tick data equates to volume.

I have made a lot of money. I trade at 500 lots. I am a counter trend trader and scalper. Useful volume information would be very useful to me with my way to trade.

I would like to find a way to believe in tick data. That it in some way is equivalent to volume.

Perhaps you have a link to a useful resource I can learn more about...
You are welcome
Read my thread and disscuss there if you are interested to learn more about volume trading..
Anyway, have a nice day...

Best Regards,
Petar
"Buy on fear, sell on greed !!!
Quoting Petar_Serbia
I enjoy good disscussion.Anyway, everyone got different way of analyzing market and that is normal i just said my opinion.We will wait and see the market reaction.

Best regards,
Petar
Agreed. After all, if all traders came to the market with a bearish sentiment, who would buy what they have to sell?

Anyway, here is an EW count that supports my view at this time...
http://www.forexfactory.com/attachment.php?attachmentid=1316305&stc=1&d=1385044717
Those who say it cannot be done should not interrupt those who are doing it
Quoting Petar_Serbia
Since i i marked 1.3300 like end of bearish corrective phase and starting of bullish continuation phase and since we are in uptrend.Seling climax at 1.3400 followed by high volume up bars was good sign that down movement from yesterday was panic movement from weak holders.Volume analysis is not about analzing one bar, its analzing whole background on the market.

Best Regards,
Petar

Your theory is great but that's all it is...a theory.

In reality you never really know WHAT is behind a certain bar/candle's volume, and more importanly, WHO is behind it.

For instance, a high volume bar into new lows/highs always represents a panic movement and can have a high probaility short term reversal afterwards. But that doesn't mean that after that reversal, caused by order imbalances, market will have the same directional follow through.
Hello there,
The main thing is that this is not theory, its pure price action volume analysis combined with Fibonacci zones.I dont use just volume in my trading.And not every movement on high volume represent panic reaction, my kindly advice : read some books about volume analysis.Again my reasons for bullish continuation :

Major FR 38.2 % held
Climatic actions 1.3300 and new one at 1.3400
High effort fot downwards with no results
Bullish trend
FR 61.8 % at 1.3400 held

I just wrote my opinion about EUR/USD

Best Regards,
Petar
"Buy on fear, sell on greed !!!
Quoting PipTrapper
Hi DancingPhil,

As you may already know, this is a controversial subject. I do not know of any empirical studies that prove or disprove that tick data is relevant, however I do have my logical deductions about it and in a nutshell, tick data is implied volume.

Assuming that you use a broker that does not filter price changes (ticks) from the multiple feeds, in other words assuming your broker is not a bucket shop, each tick represents a transaction or market maker reprice. There is no indication how large the order was or exactly how many...

nicely put...Yes, in a nutshell, a high tick value represents (most of the time) high volume logically meaning that you can never have a low REAL volume when the tick volume is high. The opposite is possible, however, where you can have high REAL volume without that seen in tick volume.

Volumes in FX markets are less useful than other markets (stocks) mainly because, as i have said earlier, you never really now whether those transactions were speculative in nature. There are lots of different BIG participants in the FX market and many of them have different reasons for exchanging currencies.
Quoting Petar_Serbia
Hello there,
The main thing is that this is not theory, its pure price action volume analysis combined with Fibonacci zones.I dont use just volume in my trading.And not every movement on high volume represent panic reaction, my kindly advice : read some books about volume analysis.Again my reasons for bullish continuation :

Major FR 38.2 % held
Climatic actions 1.3300 and new one at 1.3400
High effort fot downwards with no results
Bullish trend
FR 61.8 % at 1.3400 held

I just wrote my opinion about EUR/USD

Best Regards,
Petar

Don't worry, i am aware of VSA, volume analysis and all the way down to order flow analysis.

My point was the arguments behind a volume bar cannot really be known. That's why it is a mere theory. But that doesn't mean "analysing volume" or simply looking at price charts is of no use. On the contrary, high volume bars are often a good sign of a reversal simply because of an order imbalance but you cannot build a 100+ pip story behind it.

I am sure your strategy using volume and fibs are profitable and there were no statements i made that claimed the opposite. All in all, what matters is what works for you.
I agree with you.I trade what is profitable for me more then 6 years and also what is prooven from veteran traders on the floor.The main thing is to earn from the market and follow to institutional money.ALso, important is to be able to earn consistently over the years, so long term qualitive trading.

Best Regards,
Petar
"Buy on fear, sell on greed !!!
  •  Guest
  • | IP XX.XXX.120.112
Quoting Loadedgun
...if Draghi was a trader I assure you he would not trade by news but by the charts ------------------> a word is enough for the wise.
Do you seriously believe in that? It doesn't even make sense because he is one of the few (if not the only one on the planet) that knows what he is going to say - he knows what the news about the ECB are going to be even before opening his mouth so he knows with 99% certainty what direction the Euro may have after he speaks... so why not open a position in advance in the direction the market will move after he speaks? This would make sense to me, not wasting time looking at the charts.

I'm not saying tech analysis doesn't work, I'm just saying that, for a person in the position that Draghi is, it would make much more sense (for me) to trade the news than to do tech analysis.
He's been back two days and has been constantly caught out and ridiculed once again on a variety of subjects.

Quoting Guest
Do you seriously believe in that? It doesn't even make sense because he is one of the few (if not the only one on the planet) that knows what he is going to say - he knows what the news about the ECB are going to be even before opening his mouth so he knows with 99% certainty what direction the Euro may have after he speaks... so why not open a position in advance in the direction the market will move after he speaks? This would make sense to me, not wasting time looking at the charts.

I'm not saying tech analysis doesn't work, I'm just saying...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting Guest
Do you seriously believe in that? It doesn't even make sense because he is one of the few (if not the only one on the planet) that knows what he is going to say - he knows what the news about the ECB are going to be even before opening his mouth so he knows with 99% certainty what direction the Euro may have after he speaks... so why not open a position in advance in the direction the market will move after he speaks? This would make sense to me, not wasting time looking at the charts.

I'm not saying tech analysis doesn't work, I'm just saying...
Logically what you say makes sense. However just think for a minute. Draghi has been trying to lower the Euro all year and has not had any success. So what makes you think that he knows which way the Euro will go based on what he says?
Those who say it cannot be done should not interrupt those who are doing it
What can veteran traders "on the floor" teach you about retail FX?

Quoting Petar_Serbia
I agree with you.I trade what is profitable for me more then 6 years and also what is prooven from veteran traders on the floor.The main thing is to earn from the market and follow to institutional money.ALso, important is to be able to earn consistently over the years, so long term qualitive trading.

Best Regards,
Petar
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  •  Guest
  • | IP XX.XXX.120.112
Quoting PipTrapper
Logically what you say makes sense. However just think for a minute. Draghi has been trying to lower the Euro all year and has not had any success. So what makes you think that he knows which way the Euro will go based on what he says?
Well... I've been seeing the Euro move with the news. Ex.: It moved heavily yesterday after someone opened his mouth about negative rates. Wouldn't you have shorted it right before the move if you knew in advance what that person was going to say and that the reaction could be (with almost 100% accuracy) what it was?

I'm not saying Draghi knows what the direction of the Euro will be in a week or a month after a statement and not even that he knows he's gonna start a trend in any direction with his statements, what I meant was that he knows with 99% certainty the market will react to what he says on a short term basis so why not open a position in the direction he thinks the move will be » go to the conference room and shout what he wants to shout » close the position a few hours later and put the money bags in the Bank in case it went how he expected it to?
  •  Guest
  • | IP XXX.XXX.229.81
draghi is a professional trader
Quoting Guest
Do you seriously believe in that? It doesn't even make sense because he is one of the few (if not the only one on the planet) that knows what he is going to say - he knows what the news about the ECB are going to be even before opening his mouth so he knows with 99% certainty what direction the Euro may have after he speaks... so why not open a position in advance in the direction the market will move after he speaks? This would make sense to me, not wasting time looking at the charts.

I'm not saying tech analysis doesn't work, I'm just saying...
a) If Draghi was a trader assumes at that point he no longer is ecb chairman (but knows the absurdity implied in leaning on the news and events based on ecb experience) ----------> b) the sources of events and news are so varied (do not forget rumors) and their flow so random that only the intellectually crippled would fail to see a lack of fit with the pattern of price movements (Draghi is not an idiot) -------------------> c) no trained economist would fail to appreciate the stupidity not to mention the intellectual dishonesty on which "fundamentals" is premised (I am a trained economist and so is Draghi). Only a galactically stupid person will misunderstand my honesty of purpose here and elsewhere.

Frankly sir it would be profoundly dishonest of anyone schooled above high school to maintain that there is in fact any rationale behind the notion of "fundamental analysis" in CURRENCY trading ------------------> it is the biggest fraud in the entire history of commerce. You can refer this to any economics professor on earth TO gain perspective -------------> the state of the practice is akin to reading the entrails of dead animals to tell the future-----------------------> No more no less. And you can take that to the bank Now here is the cracker ---------------------------> Polynomial equations of the market provide fine insights to price movement and that is what I use Nice One!

BTW: I DO NOT DO TECHNICALS (the prodigal child of chaos) I DO CHAOS
speechless
  •  Guest
  • | IP XXX.XX.66.31
draghi is nano dick
  •  Guest
  • | IP XX.XXX.70.238
Quoting Loadedgun
BTW: I DO NOT DO TECHNICALS (the prodigal child of chaos) I DO CHAOS
So Bill Willams' chaos indicator ain't technical at all? Or is it just a crystal ball?
Quoting Guest
With all this flip flopping you might as well choose a direction, buy or sell a lot and set a 50 pip take profit and forget about it.

Will hit within two days.
Hit for me...

I like ANY news : i take the move in either direction...
Enter Signature
Draghi needs to tell that to fellow ECB members.
  •  Guest
  • | IP XX.XXX.4.84
Quoting funshow602
speechless
he gat a point there they do not teach it in regular school.
Quoting CoolJL
Draghi needs to tell that to fellow ECB members.
I think they are a house divided against itself right now.
what's wrong with EUR and GBP against JPY.... damn how long this uptrend will go???
EUR and GBP should fall like anything...
Quoting Guest
he gat a point there they do not teach it in regular school.
But why is it so difficult for people to accept what I am saying? Is it that those who subscribe to the idea of fundamental analysis fare better than anyone else? GS lost a $billion ----------------------------> trading currencies in the last 1/4 so where is the claim that the best of the best know something everyone else does not? But not one person has tried to disprove my assertion that economics (as a discipline) does not back the idea that you can assess markets by this approach. NOT ONE PERSON EVER ----------> So just because you hear that some practice for assessing markets or what is wrongly called "fundamental" analysis exists ------------------------------> one accepts it without question? Even in the face of the fact that it is not working for nearly all who attempt to employ it including GS?

Sure you can trade based on anything you wish to including tossing a coin or rather---------> and sure price fluctuates around releases and news but those facts do not in of themselves justify this backward belief. Therefore do not glorify rubbish and justify it by baseless insistence that "fundamental" analysis is rational (it is not and is in fact similar to reading the entrails of dead animals to tell the future whatever else others may think ------> that is the truth) --->
Why should we accept someone else idea? We don't owe them anything.
But the point is the pervasive acceptance of the ridiculous idea of fundamentals in currency trading hurt especially retail traders who get all mixed up and try to engage in a practice that is not only useless indeed but wasteful of their meager resources in time, effort and money. Check out the news threads and see the pitiful effects on wanna be's ------------------------------------> confusion central on nearly all occasions just because we got to feed someone's ego? Ask anyone about who has been successful this way and they say Sorros like he is their next door neighbor and they know that for a fact ---------> fundamentals my foot
Quoting Loadedgun
I think they are a house divided against itself right now.
That's the real news... The fire is in the house...
Enter Signature
Quoting FxGunner
That's the real news... The fire is in the house...
Good for euro as far as I can see -------------->
Most of rumors about the very bad third quarter quarter in currency trading for Goldman Sachs were milseding and only good for feeding the headlines and adding some misinformation about the way the big hands trade...

Clearly GS lost that billion in swap hedging Power Reverse Dual Currency Notes on USDJPY or other JPY related currencies...

Just in case anybody out there would really think that those guys live (or die) by simple directional trading

All the best
  •  Guest
  • | IP XX.XXX.3.79
looking oportunity buy aussie around 0.9050 - 0.9100 for next week
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  •  Guest
  • | IP XX.XX.14.90
Join FF
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