@systematic__FX Yup, was just noise in the market. In the end market will always come back to efficiency. At least thats what I firmyl believe. Still shorting USD here, so currently not too happy but the market always serves both parties if they can sit it out.
@peakvaluelab Based on what people believe for whatever reason. Otherwise everyone who looks at fundamentals would win in this game, which clearly isnt the case.
Druckenmiller did what Soros wanted. His position would have been 50% smaller or even non-existent without Soros.
@peakvaluelab also some of the best traders like Dennis, Seykota, Basso and others (plus current CTAs) are trading purely on price. Which is the definition of trendfollowing, which has proven its efficiency through the centuries.
@peakvaluelab I believe all necessary information is in price. Its just that people don’t look at long enough periods of time, most are short-sighted. Markets are irrational and irrationality isnt conquered by rationality. Richard Dennis traded soybeans for 5 years before he ever saw a soybean