Does anyone still buy this theory? As a trade, I’d see this as high risk, low reward, and thus something an intelligent trader wouldn’t make. Imagine professional forex teachers like Chris Lori or Kathy Lien deliberately blowing up accounts.
[QUOTE=“Kevin LaCoste;569449”] Does anyone still buy this theory? As a trade, I’d see this as high risk, low reward, and thus something an intelligent trader wouldn’t make. Imagine professional forex teachers like Chris Lori or Kathy Lien deliberately blowing up accounts.[/QUOTE]
People seem to. And no, I couldn’t see those others you mention doing such a thing, one of the many reasons I am not a fan.
Does Chris Lori or Kathy Lien have an account/trade history we can look at?
If you’re [B]that[/B] interested just ask them.
Why is it an enemy?
Why must it be avoided at all costs?
In context: the truth, sadly, is that most business people regard inflation as a friend - a lesson I learned some 40 years ago.
Back then as a mere teen I couldn’t understand why anyone would embrace inflation, now I understand his point.
I have just recently purchased stock for selling over the next 6 months or so. That is a risk, sentiment could diminish, sales may not be as good as anticipated, it could take me longer than 6 months to sell the stock.
The risk can be reduced dramatically if prices are increasing, I know then that my stock value is appreciating, I have an edge on the competition, I can sell cheaper than they can.
Deflation, on the other hand, ensures that there is no way that I’ll take that risk, I will not invest in stock more than my immediate needs.
Lack of investment…enemy of business, enemy of all.
Could I add, one of the mechanisms for counteracting deflation is a lower currency value, many CB’s will use this in their armoury, the market too will react accordingly.
Currently the UK has no difficulty with deflation, Japan has such a difficulty - so view the daily GBP/JPY.
I know nothing to do with the thread title but just thought I’d post a news link (on Friday past) on EZ deflation and the threat thereof.
ECB’s Praet warns of deflationary pressures - RT� News
The interesting thing is Germany’s stance on EZ QE or printing of money, some have argued that this stance is derived from a long memory -
Hyperinflation in the Weimar Republic - Wikipedia, the free encyclopedia
Who says that fx is boring 
I understand this rational, and a deflationary environment would cause your stock to be sold for less than previously desired.
This does come, though, with lower staff costs, lower rent cost, lower stock costs, lower bills for things like power/water/internet, and if sensibly managed you will carry far less stock - lowering a cost there.
You will also have lower costs for your personal life; including petrol, food, and other living expenses.
Many parts of the world of business are deflationary - esp in the tech sectors and I don’t see anyone complaining about that, but there are many complaints about the inflation of food and fuel prices…
All true - especially re stock levels - it is this aspect of deflation that causes it to be regarded as the bogey man by policy makers.
Deflation has curbed the Japanese economy for years - they are making an all out attempt to create inflation and it seems succeeding, this from BBC this weekend:
Remember this last year? A half completed series signed off with a reminder to keep your faith in the man.
Then again … I suppose it’s what we make of it
Just to spice things up - Huck has a good little piece today on the front page on a current cable long.
Cable spiked down to guess…the 70.5 level on the fib that she is talking about.
Now I’m trying to remember what ICT called that level again…
[QUOTE=“peterma;577464”]Now I’m trying to remember what ICT called that level again…[/QUOTE]
The super ninja assault special combat sniper artillery level? It’ll be something along those lines.
Yeah, there’s a wisdom within those words - they all imply one thing, an element of planning, preparation and precision.
It is extremely difficult to obtain such precision with a market entry at this time of year, a greater chance with a limit set at a specific point - weekly pp (6350) former Ny and AS level (6345) and Inst order level (6350) … and that 70.5 fib of course
Rules of the game - keep your risk low … ORE… optimal risk entry
I sent him a new years tweet earlier reminding him of all the things he promised in 2013…he replied asking me to unfollow him and kiss his ass, then deleted me from his followers list. Apparently still has trouble with public criticism.
[QUOTE=“CDHarry;583895”]I sent him a new years tweet earlier reminding him of all the things he promised in 2013…he replied asking me to unfollow him and kiss his ass, then deleted me from his followers list. Apparently still has trouble with public criticism.[/QUOTE]
Possibly you should have thanked him for all of the things he did deliver in 2013. I’m not saying he owns or invented any of the concepts, but he must have made between 25-40 videos, wrote articles etc, while trading and having a life in 2013. He is a stranger on the internet, who devotes a lot of effort to educating people, when many of them are fairly rude in return. I’m amazed he still tries.
nuff said
Yeh… Rehashing material that others have presented many time before sure is valuable. We should also thank him for the entertainment he provided by publicly losing $1,700 on a $2,500 account in about a month and a half. I will always appreciate that show Michael.
Why would you be amazed?
He’s an attention seeker of the highest order. He proved that by his actions immediately following that sock puppeting incident soon after joining the forum.
He threw a little paddy after being rumbled (& publicly embarrassed) by the moderators for attempting to deceive members, threatening to pack up his toys & disappear.
Didn’t last long though did it, lol.
That’s what attention seekers do. His gigantic ego wouldn’t allow him to walk away from such a tempting spotlight performance.
Trouble was his offerings were no more effective than anything else being offered by a handful of other participants on here. In fact there were/are others peddling similar material packing far slicker presentation skills with less complexity.
He is a lot of a fuss over nothing
[QUOTE=“dancat;583963”] Why would you be amazed? He’s an attention seeker of the highest order. He proved that by his actions immediately following that sock puppeting incident soon after joining the forum. He threw a little paddy after being rumbled (& publicly embarrassed) by the moderators for attempting to deceive members, threatening to pack up his toys & disappear. Didn’t last long though did it, lol. That’s what attention seekers do. His gigantic ego wouldn’t allow him to walk away from such a tempting spotlight performance. Trouble was his offerings were no more effective than anything else being offered by a handful of other participants on here. In fact there were/are others peddling similar material packing far slicker presentation skills with less complexity. He is a lot of a fuss over nothing[/QUOTE]
I’m struggling to disagree with any of this.