George Soros is not a trend follower | Forex Factory

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George Soros is not a trend follower

  • #1
  • First Post: Jul 26, 2007 2:57pm Jul 26, 2007 2:57pm
"My approach has been tentative, based more on intuition than on conviction. By temperament, I have always been more interested in picking the turning point than in following a trend."

------------George Soros

quoted from "The alchemy of finance" P79
  • #2
  • Jul 26, 2007 2:59pm Jul 26, 2007 2:59pm
that's strange
but his son is a big trend follower here in FF
  • #3
  • Jul 26, 2007 3:05pm Jul 26, 2007 3:05pm
Quoting benssol
that's strange
but his son is a big trend follower here in FF
  • #4
  • Jul 26, 2007 5:50pm Jul 26, 2007 5:50pm
I think Mr Soros sets the trend!!

M
  • #5
  • Jul 26, 2007 5:52pm Jul 26, 2007 5:52pm
Quoting mp777
I think Mr Soros sets the trend!!

M

He sets the trend? who is he, Chuck Norris?
  • #6
  • Jul 26, 2007 6:28pm Jul 26, 2007 6:28pm
Quoting m00jiman
He sets the trend? who is he, Chuck Norris?
Check out what he did to the GBP a while back. Chuck Norris would be green with envy.
  • #7
  • Jul 26, 2007 6:34pm Jul 26, 2007 6:34pm
I know what he did. I was pulling a normal chuck norris joke.
  • #8
  • Jul 26, 2007 6:50pm Jul 26, 2007 6:50pm
Yeah, he gets the news straight from the politicians, so he knows when the trend will change. Thats his "intuition".
  • #9
  • Jul 26, 2007 7:04pm Jul 26, 2007 7:04pm
Quoting benssol
that's strange
but his son is a big trend follower here in FF
Which was why i mentioned to him...soros shorted the dollar in 1992 at this level im surpirsed he did something on the contrary of what his 'senior' did. BAD MENTORING?

Then again, Soros lost ALOT of money trying to do the same thing with the rupiah and ringgit, he's never been right ever since, even admitted huge losses. Doing it once but not doing it again, means people know your game. Not being biased abt trend following here but it think its a safer bet.
  • #10
  • Jul 26, 2007 7:20pm Jul 26, 2007 7:20pm
Quoting benssol
that's strange
but his son is a big trend follower here in FF
and a trendsetter too, much like his father
  • #11
  • Jul 26, 2007 9:50pm Jul 26, 2007 9:50pm
Quoting m00jiman
He sets the trend? who is he, Chuck Norris?
Word
USD Est Non Mortuus
  • #12
  • Jul 26, 2007 11:12pm Jul 26, 2007 11:12pm
Quoting m00jiman
I know what he did. I was pulling a normal chuck norris joke.
Lol, sorry - I haven't seen a Chuck Norris flick in years, so it took awhile for the humour to sink in.
  • #13
  • Aug 28, 2007 1:16am Aug 28, 2007 1:16am
...wonders how one person in a two trillion dollar a day market can set the trend? Just wondering. Anyone seen my socks?
  • #14
  • Aug 28, 2007 5:33am Aug 28, 2007 5:33am
Quoting m00jiman
I know what he did. I was pulling a normal chuck norris joke.
You can't go wrong with an ole good Chuck Norris joke.
  • #15
  • Aug 28, 2007 7:09am Aug 28, 2007 7:09am
Quoting jest1081
.....
Then again, Soros lost ALOT of money trying to do the same thing with the rupiah and ringgit, .........
What he did may lose him money but in the long run every westerner profit because it caused, cheaper product for western countries manufactured in asian nation
  • #16
  • Aug 28, 2007 8:53pm Aug 28, 2007 8:53pm
He seems very well plugged in to the fundamental side of this what goes on in this world. His contacts are deep. So his intuition can be fed by these contacts. I don't believe in "raw" intuition. It always comes from some learning.
PhD with a specialty in economics & finance.
  • #17
  • Aug 28, 2007 9:12pm Aug 28, 2007 9:12pm
Quoting amylase
"My approach has been tentative, based more on intuition than on conviction. By temperament, I have always been more interested in picking the turning point than in following a trend."

------------George Soros

quoted from "The alchemy of finance" P79
who cares? certainly not me. Trade small for several years, know market, get experienced, develop your own system and have fun looking at your own profit rather than profit of others.
Some experinced guy will tell 'dont do that' but you will anyway and even several times.
  • #18
  • Sep 23, 2007 9:59pm Sep 23, 2007 9:59pm
FX market is with 2 trillion a day, however the volume for a certain pair of currency is not that big. if Soros knows the "insider" information(politician) or collaborates with other big players, he definitely can attack weak currencies. THat 's what he did to asian currencies in 98.
  • #19
  • Sep 23, 2007 11:24pm Sep 23, 2007 11:24pm
Quoting jest1081
Which was why i mentioned to him...soros shorted the dollar in 1992 at this level im surpirsed he did something on the contrary of what his 'senior' did. BAD MENTORING?

Then again, Soros lost ALOT of money trying to do the same thing with the rupiah and ringgit, he's never been right ever since, even admitted huge losses. Doing it once but not doing it again, means people know your game. Not being biased abt trend following here but it think its a safer bet.
I didn't know that soros lost alot of money trading the rupiah and ringgit???? Where did you get the resource jest?
"Invest With The Insiders, Not The Masses" George Muzea
  • #20
  • Sep 24, 2007 12:08am Sep 24, 2007 12:08am
I remembered in the late 90s he had a verbal brawl with Dr M. And in an interview he admitted to losing alot of monies shorting the rupiahs too, that interview he was discussing abt how he is not right abt the market all e time. It was years ago, i can't quite remember when, i'll try to source the info out.
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