Hi all thought I would drop in and say hi , been following this thread for a fair bit but never really got round to registering with FF.
I really suck at short term trades , and have busted my account once too often , and after 8 years of taking a constant beating decided to forget all I learnt about chart analysis and taking any note of the short term headlines, and instead go by instinct, seems to be working so far (touch wood).
Very contrary to what most here believe about the Euro going under , I have to admit , I am a skeptic. There is way too much muscle behind the currency to permit it to fail , and given the fact that they have not gone down the road of printing money( deliberately devalue their currency) as the UK and US have done, I think it only reinforces their status as campaigners for the worlds reserve currency.The US$ has gone well beyond the requirements for a reserve currency, it has become unstable and as a direct result is affecting the whole world who is pretty much at the mercy of the $ .
Stability and strength is the main requirement for a reserve currency , and where as I know that the Euro is a far cry from those requirements,I really dont see a commodity, safe haven,emerging market or a currency that is constantly pegged or manipulated as offering much of an alternative , which brings me to think the Euro will eventually set the bar for others to follow.One only has to look at the worlds longest serving reserve currency and its downfall ,for 200 years the UK enjoyed the benefits of that status, but when the debt was too much to cope with , and radical measures were undertaken to devalue their currency after WW2, that privilege was lost overnight.
Like the GPB I believe the US$ will be met with the same fate, most likely , when their next debt ceiling is reached, which if it happens before elections next year , they US will be in some very heavy poop. The failure of the supercommittee to come up with any conclusive plan, tells me that the next major headline to rattle the worlds markets , will make the Euro crisis look like child's play.
I do not mean to contradict anyone on this issue , but merely hope to get one or 2 opinions, so by all means please do share your own views.
Phil
I really suck at short term trades , and have busted my account once too often , and after 8 years of taking a constant beating decided to forget all I learnt about chart analysis and taking any note of the short term headlines, and instead go by instinct, seems to be working so far (touch wood).
Very contrary to what most here believe about the Euro going under , I have to admit , I am a skeptic. There is way too much muscle behind the currency to permit it to fail , and given the fact that they have not gone down the road of printing money( deliberately devalue their currency) as the UK and US have done, I think it only reinforces their status as campaigners for the worlds reserve currency.The US$ has gone well beyond the requirements for a reserve currency, it has become unstable and as a direct result is affecting the whole world who is pretty much at the mercy of the $ .
Stability and strength is the main requirement for a reserve currency , and where as I know that the Euro is a far cry from those requirements,I really dont see a commodity, safe haven,emerging market or a currency that is constantly pegged or manipulated as offering much of an alternative , which brings me to think the Euro will eventually set the bar for others to follow.One only has to look at the worlds longest serving reserve currency and its downfall ,for 200 years the UK enjoyed the benefits of that status, but when the debt was too much to cope with , and radical measures were undertaken to devalue their currency after WW2, that privilege was lost overnight.
Like the GPB I believe the US$ will be met with the same fate, most likely , when their next debt ceiling is reached, which if it happens before elections next year , they US will be in some very heavy poop. The failure of the supercommittee to come up with any conclusive plan, tells me that the next major headline to rattle the worlds markets , will make the Euro crisis look like child's play.
I do not mean to contradict anyone on this issue , but merely hope to get one or 2 opinions, so by all means please do share your own views.
Phil
Officer ... I swear to drunk I am not God 
?
That ain´t real.
? I earn a lot of money via trading but this seems...simply too unreal to me, I don´t question your abilities but there are certain boundaries - or perhaps, these boundaries are my own limitations and not enough abilities to comprehend, dunno. Nevertheless, this somehow doesn´t feel right.
