Re: Giving the long dollar trade another try
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For the record, Mr. Now engages in trading trends-- not "counter" trends.
Genuine trading in genuine trends is not supported by strongly held beliefs about the validity of predictions.
The prediction idea leads to other rigid beliefs about specific future price movement, such as "the dollar has to bottom soon", "gold is overbought and must fall", etc.
The dollar might bottom.
The dollar might rise, fall, or move sideways.
ArturiusX might think Mr. Now's trading philosophy sucks, or doesn't suck, etc.
None of this matters since the dollar and ArturiusX behave as they intend to behave now, regardless of any predictions about them.
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I wasn't talking to you, but what you're saying makes zero sense.
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