Wednesday, May 19, 2010

Following the elephants

Not much posting recently, I was busy trading...There is a  unique opportunity to make big profits right now, just by following the banks and other elephants. If it is moral for the Deutsche Bank to make billions by shorting the euro (and expressing their fears about the unique currency at the same time), why is not for the thousands of little sparrows who try to make a living.. Anyway, the volatility is frightening now and shows the vulnerability of the system.. A little mistake in one computer is enough to produce a disaster, like the recent one in the Dow.

i had the above chart, among others, on a violent reaction (buying back euros?) to the euro sell-off.

1 comment:

Faisal said...

This is a sort of way that can bring massive profits, but the trouble is if we are really good enough to follow it? I mean we need reliable sources from where we can get updates of these stuff. I usually don’t worry too much with having OctaFX broker; it is one of the best brokers with having ideal service for providing daily market news and analysis, so due to that I am already in great shape to follow big elephants.