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I see technical reasons for EURUSD to go up to 1.37xx and I see long accumulation in the 1.352 - 1.358 range. As to the reason why, because most think it is going to drop and make new year's lows. What other reason could there possibly be?

The article linked doesn't warrant the thesis of electronics supplanting human traders. Trading will never, ever, be fully automated because the art of screwing people requires a human touch. ras72 dixit.

I consider all banks or brokers mishaps and downturns reason to celebrate. Cheers. ras72

A broker appealing for customers to trade more is in itself the sternest argument for reducing trading volumes. ras 72

If they are doing worse on their own than they did at GS I'd consider more likely explanations the loss of quality info or of ability to move the market. The regulatory, fund raising, market conditions arguments don't cut it. It's the mundane not the arcane. ras72

First off let me congratulate you on a brilliant resolution. Having had a similar idea myself :eek: I'll tell you what I'll do. Unfortunately you can't follow since you said you can't play forex. EURUSD dropped 400 pips over the past 17 days. That's a very rapid down move, in an up trend...

My previous post was to answer the question in your post. The answer to the different question in your thread title, “Could profitable trading cease to exist?” I believe to be negative even when considered beyond anything that could be justified by random luck. ras72

First off, the concept of profitable financial trading for short term gains is meaningless without the specification of a profitability level and a time window over which it is maintained. Further, a trading performance is the result of skill and transitory conditions. “Conditions” here...

I had a second chess phase in my late teens. I got to winning against every player I came across. In my twenties I met a Romenian who learned to play chess as a kid from his grandfather who used to be in the national team. I used to lose from him in the same utter and complete way others lost...

Pointing out the more or less apparent paradox of an activity that employs hundreds of thousands, and yet includes elements of farse and dubious utility and how one relates to that. Ignorance is bliss. No explanations. I am good. ras72 (My first haiku poem! LOL)

So, today I have been collecting my thoughts about trading. The actors, the players. Institutionals, hedge funds, brokers, retails, investors, banks. The quants, the programmers, the technicians, the professionals. The journalists. The sell side and the buy side. The authors and the readers...

I am being advised by my lawyers to deny that claim.

Ras72: After consultations with a stray dog, my neighbor's cat and a dead hamster it was convened that the current down move in the EURUSD pair is to be reversed tomorrow Friday 20140516. The statement comes after a sharp down move which brought the pair to lose nearly 300 pips in eight days...

That is the best and most honest explanation for a move I ever saw! I'm truly impressed. Maximum respect to you. ras72

The problem with portable trading workstations has always been that of the power supply. One day technology will enable an entirely self contained unit harnessing the power of autoproduced methane gas in the form of an insertable rounded cylindrical device, affordable enough so that it can...

"I must not fear. Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when it has gone past I will turn the inner eye to see its path. Where the fear has gone there will be nothing. Only I...

Rent is a bitch but I like the view. On the left risk management. On the right is the proprietary trading system. The center panels are the mkt. participants' mind reading screens relaying the data gathered by 300 meters diameter antennas. The white arrow on the second screen from the left...

Hey :D ras72

Yeah. Quoting myself from the "Sociopathy and trading" thread: ras72

dbphoenix and his logorrhea... :confused: