Thanks for your (patronising) reply Zupcon to a very simple question.
Cheers
John
p.s I joined this site in 2004, oh that's the same year you did, ooops!
Hi
Just a general qry on this, does anybody go to the bother of simulating their own prices (from the characteristics of their chosen market) when backtesting a potential system?
Im thinking along the lines of say something like an Ito process/ brownian motion/ etc. Ultimately you should end...
For those of you who have deposits w/ international brokers, how do you manage your exchange rate risk? Do you hedge against a suitable forex derivative, etc.??
This is my own personal opinion, nothing more & indeed nothing less; Don't waste your money on this it's unworkable rubbish. Go buy some books by chande, kaufman, etc. & a statistics 101 textbook....
The traditional textbook definition would be something like a pooled investment vehicle that is privately managed by professional inv managers & not widely available to the public. However nowadays it often just refers to any investment fund that isn't restricted to a long-only non-leveraged...
Any predictions for today, up/ down/ sideways??
Personally I reckon up by close but not by any great percentage, certainly nothing like y'day. Basis for that being continuation is more likely than change, & completely ignoring the fundamentals :)
Yes I agree Houdini. I think that from a price action point of view 800 - 850 would be my expectation towards mid October. Thats just looking @ "where" though rather than "why"! If I was to stop & think about the "why" I'd have to say that this market from a fundamental perspective is quite the...