Mizuho Corporate Bank senior analyst Nicole Elliot on a loosing streak

I am totally amazed.

At fxstreet.com, Mizuho Corporate bank senior technical analyst Nicole Elliot is giving her trade idea on eur/usd and all her trade ideas are hitting SLs.

She is saying for last 6 days to go long on eur/usd and every day it hits a SL.

She is on a loosing streak and should stop giving trade idea.

http://www.fxstreet.com/technical/an...009-12-17.html

Here is biography of Nicole Elliot:

http://www.fxstreet.com/search/contr...8-39b85b90bf8b

Nicole Elliott

http://mediaserver.fxstreet.com/imag...otoMedium.jpeg Name: Nicole Elliott

Position: Senior Technical Analyst
Company: Mizuho Corporate Bank


Nicole Elliott was key speaker at the FXstreet.com International Traders Conference in October 2007 - Barcelona. Check the event's coverage.

A graduate of the London School of Economics and member of the Society of Technical Analysts, Nicole has worked in the City of London for 25 years. Trading, in sales and as an analyst within the Treasury departments of major international banks, Technical Analysis is always the backbone of her methodology. She is Mizuho Corporate Bank’s senior analyst in London and covers the foreign exchange, interest rate, commodity markets and equity indices.

so you're saying a real savvy analyst shouldn't make any losses, especially six times in a row?

A trader needs to be able to be flexible on the fly. They need to be able to change their mind in a second.

Analysts should just report the news and leave the trade calls to the traders.

After 3 looses, we retail traders shut down our system and exit the market and think and analyse what went wrong.

She should do something similar..take a break after 6 looses. I have seen her trading ideas in the past and most of them end up in losses.

The bolded one....

I'm a retail trader, and sometimes I got 4 to 5, once even 7 losses in a row, but never shut down anything. Why should I? My backtest has warned me of this possibility, as it also showed me that persistence will reward me in the long run.

Besides, why wasting time listen to analyst anywhere? Nicolas Darvas never listen to any of them, yet he was able to make $2 million in stocks. So was Jesse Livermore. Do you think Warren Buffet waste a chunk of his time for analyst? Or Soros, maybe?

After all, they're all human like the rest of us. Bound to make mistake sometimes in their life. Would you like me, or any body else in this matter, berated you for a loosing period you face during your trade?

If you're a trader, then trade. Listening to an analyst is not trading.

I don't know the woman but why would you be pissed if she had some analysis that was wrong. Are you trading on her trading ideas?

King - She gets paid to publish her trade ideas, right or wrong. She's not going to stop making recommendations just because she's had a string of bad calls. She'll get a salary from Mizohu Bank whether her ideas are right or wrong (at least until her contract is up for renewal).
That being said - as a N.E. observer I stopped incorporating her ideas into my own systems around mid November.

The point is - it's up to us to decide how to incorporate her "expert ideas" into our individual trading philosophies. Never trade off someone else's ideas unless it matches your own and never blame someone else when you pushed the button.