Quote:
Originally Posted by Andrewunknown
Here's something I posted about a month ago:
Fair value v. perceived value: what is the fair value of USD v. the EUR, the GBP, the YEN, the CAD, etc.? Disagreement over this point makes the market in which we trade. What better resource to gauge perceived value than the market itself? But, traders - for various reasons - are often deluded, insisting on asserting their own perception of fair value vis-a-vis naked market behavior. This is often where bottom (or top) picking comes into play. Expressions put forth by any trader such as "It surely can't go down any further than this" and such practices as buying at support with a very liberal or no stop loss because you're "all but certain" price will bounce are examples of the delusional superimposition of opinion onto the wider market as objective fact.
What's the intrinsic value of the GBP vis-a-vis JPY? 1:192? 1:252? 1:170? Do any of us have any clue? No. We can't answer that for any currency pair because we don't have a comprehensive grasp of the fundamental picture and the intuitive/computational faculties capable of figuring the answer. As Origen famously said once upon a time, "God knows". In fact, it is our collective inability to answer this question that creates a market (any market) in the first place.
|
If only this were true. God doesn't "know" anything, know is carnal knowledge and does not apply or pertain to the spritual realm.
Immediately they were elightened and KNEW good and evil, before that
they knew nothing of evil. aS above so below, it happens above (unseen) BEFORE it manifests into the senses realm. Sounds like you need to study up on some metaphysics, as even they now agree with me. Your concsiouness literally creates your world every moment. All worlds are interconnected.
And trust me on this she can go down way further
so if anyone is erroneously thinking that "she cant go down any further", that will not stop her from running down and she may leave you with your undies over your head if you think she can only go up from here. 3 years ago I went through that stupid logic when I was short and she ran up to 251+. I kept saying she cannot go up any further. Well thousands of pips up later she burried me 6 feet under. So my whole image of her has changed after this last run down.
From now on I will play her both ways. And I know I can get her like this,
every day. Because IF AND when she moves I get her. And getting her =
banking pips (realizing gains). Yes I have some shorts down lower, but dont let her fool you, those shorts I have wont stop her from going down.
AND ATM she is looking mighty heavy going into NFP.
I used to never trade during NFP, as I suggest no one trades during that time unless they have some nerves of steel and all sorts of margin and fast fingers. But price is going to move so fast you better have preset orders in especially if your broker allows price to slide and fills your order at a price different than you want. OFten when I click I am requoted or rejected as price moves quickly.
She is coming down, be careful everyone with those longs. But know eventually she will rocket back up but it doesnt look like any time soon.