OK, this is getting ridiculous.. how is EURUSD now over 1.42?? (4/1/11)

Quote from Raul641:

Thanks for the interesting replies. People are saying, generally, don't worry about finding fundamental explanations for the market.

If you read e.g. "The Alchemy of Finance" by George Soros, he says things like, "I thought the pound was overvalued because of X, Y, and Z, so I shorted it and made tons of money." He did this sort of thing repeatedly for years.

How does this fit with the "ignore fundamentals and trade" advice?
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Soros relies, primarily, on MACD.
 
Anybody watching AUD/USD? It's starting to look like silver. Actually, I just took a look at EUR/USD and that chart looks a bit like a silver chart as well. I don't think you should be getting short EUR/USD until the Fed starts raising interest rates or the ECB starts lowering its rates.
 
Quote from Roark:

Anybody watching AUD/USD? It's starting to look like silver.
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It seems to me to be about to retreat, and possibly selloff.

The dollar may strike at the opposition.... I wonder how it would be explained if true.
 
Quote from Lucrum:

Not very good at reading comprehension are you dopey? There was no "bragging" of any kind on my part. I made no claims to a position nor do I have a position now. I was merely pointing out the silly and useless exasperation of the OP complaining about how "ridiculous" a particular price move was. Something we see here a lot.

Oh and your incredibly stupid comments were made near a short term low genius.
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We assume that, going forward, you are proudly long eur/usd at 1.47 and higher.
 
Quote from Raul641:



If you read e.g. "The Alchemy of Finance" by George Soros, he says things like, "I thought the pound was overvalued because of X, Y, and Z, so I shorted it and made tons of money." He did this sort of thing repeatedly for years.
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Well he also rode his long rupiah trade all the way to the low costing him $800m (wiping out everything he made on the baht devaluation) and then lost another $2b on Russia.

For trades like the thai baht coup an official naively told them straight up in a private meeting with Fraga, Kowitz and Jones that they would be very likely to devalue so they just bunged it on.
I doubt Drukenmiller went to look at his macd after they heard that.
 
Quote from tradingjournals:

We assume that, going forward, you are proudly long eur/usd at 1.47 and higher.
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That was your first mistake, making silly assumptions. Now you're going to make the same mistake again? Successful people tend to learn from their mistakes, they don't keep repeating them.
 
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