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US PPI and Retail Sales at the same time!

  • #61
  • Nov 14, 2006 8:54am Nov 14, 2006 8:54am
Quoting FXopportunist
LOL

Did you bank on this one ghost?
LOL
Ghost Swoopen in for my pips while no one is lookin !!
  • #62
  • Nov 14, 2006 9:32am Nov 14, 2006 9:32am
Quoting FXopportunist
LOL

Most of us have gone through that stage notouch. I don't fault you for your skeptisism. Fact is, I do this all day everyday. When the price is moving that hard for no appearant reason, it is often a stellar opportunity as it was for me and many others I am sure. Hopefully you will learn to recognize them quickly enough to profit from them too. I actually only banked 27 pips of it from the short pullback sell on the pound at 1.9068. I was disappointed in myself for not taking the 1.9095 pullback when I first recognized what was happening. There is money to be made here notouch but you will have to be open minded and believe. Negative attitude will bring ngative balances in a hurry for sure.

Good luck!

FXO
FXopportunist please don't keep talking down to me like I'm some clueless newbie. I've been successfully trading a live account on a variety of markets for years. I have my own systems and chasing the price isn't one of them. If it works for you, that's great.
  • #63
  • Nov 14, 2006 9:44am Nov 14, 2006 9:44am
Certainly notouch. I am prepared to offer you all the respect you deserve. You state that you are a systems trader and you let your trades come to you. I completely respect that. Very smart.
But please, Don't make comments casting doubt on me and what I do as you have in this thread and others. I am ever so aware that people can't trade the way that I do. If you respect me and my style of trading then I won't make anymore observations about your comments. Fair enough?


Quoting notouch
FXopportunist please don't keep talking down to me like I'm some clueless newbie. I've been successfully trading a live account on a variety of markets for years. I have my own systems and chasing the price isn't one of them. If it works for you, that's great.
Profit is where readiness meets Opportunity
  • #64
  • Nov 14, 2006 10:12am Nov 14, 2006 10:12am
What comment have I made that casts doubt on you? I always prefer to stick with the issues rather than personalise discussions. All I said was "Those moves are only free money with hindsight" which was directed generally but more at Merlin than anyone because he lost money. You obviously won money so you were on top of the world but remember to be sensitive to people who lost money. I personally was trading gold futures today so I'm an objective observer on today's currency moves.
  • #65
  • Nov 14, 2006 10:30am Nov 14, 2006 10:30am
Actually, I believe merlin was refering to a dollar long swing trade that he was in the week before last. During that week the dollar was making headway in the face of negative dollar data. It was a brilliant observation on his part and I found it surprising that he did not come out with some cash on that trade. However, as strong as the move appreaed to be it turned south in the european session on the 6th and that was all she wrote.

p.s. thank you for turning positive. it is much appreciated by me.


Quoting notouch
What comment have I made that casts doubt on you? I always prefer to stick with the issues rather than personalise discussions. All I said was "Those moves are only free money with hindsight" which was directed generally but more at Merlin than anyone because he lost money. You obviously won money so you were on top of the world but remember to be sensitive to people who lost money. I personally was trading gold futures today so I'm an objective observer on today's currency moves.
Profit is where readiness meets Opportunity
  • #66
  • Nov 14, 2006 11:43am Nov 14, 2006 11:43am
yes but i think the revisions spooked the market, then confusion rained in, and the million other trading systems indicated a sell, plus pure gut instinct told everyone back to 1.2800, then stops were hit, and off it went
  • #67
  • Nov 14, 2006 12:02pm Nov 14, 2006 12:02pm
Quoting FXopportunist
I am surprised to hear you lost on that one merlin. I thought you were in the money. Did you ride it into the red?
yeah i ended up red on that one. i am actually happy with that trade, even though i lost. i had a good basis for the trade, and when the price told me i was wrong, i hit the exits before everyone else. after i got out EURUSD went against me 200 pips or so. when you do the right thing, you have to be happy even if you lose. otherwise, you may never be happy as a trader.
Relax and be happy.
  • #68
  • Nov 14, 2006 12:05pm Nov 14, 2006 12:05pm
very true... stick your plan but control your losses if price is telling you its not time yet get out and wait...
  • #69
  • Nov 14, 2006 12:41pm Nov 14, 2006 12:41pm
moe seem to have the best calls for this trade.

He called to short the USD before the news and called to buy it back!



What were you basis for those calls?
  • #70
  • Nov 14, 2006 4:37pm Nov 14, 2006 4:37pm
Quoting BurgerKing
moe seem to have the best calls for this trade.

He called to short the USD before the news and called to buy it back!



What were you basis for those calls?
Believe it or not i met a rocket science well a very nerdie guy i told him i was a forex trader and i told him i don't trade news and he ask me why and i said because i can't predict witch way the market is going to move, so one day he told me he was reading a report on intrest rates and he heard that it was already price in and then he siad what if all news is already price in that means the big boys know whitch way the market is going to move so he came up with a system base on price action during news, when i took a look at what he put in front of my face i said what the f--k is this it look something like this, @#$%^1289034+=\|12345 once he expalin how it works then i was like wow im about to be rich then we went to work we traded every news release with a 98% sucess rate. the bottom line im rich now.
If I Go Broke Trying Then I Will die happy.
  • #71
  • Nov 14, 2006 4:51pm Nov 14, 2006 4:51pm
always good to have more rich guys around
Relax and be happy.
  • #72
  • Nov 14, 2006 4:58pm Nov 14, 2006 4:58pm
Quoting merlin
always good to have more rich guys around
Thax Merlin. not bad for ex-poor black boy from the ghetto, drop outta school in 7th grade at 23 became a truck driver did that for six years then i found this wonderful world of forex and i took the plundge and here i im, living proof
If I Go Broke Trying Then I Will die happy.
  • #73
  • Nov 14, 2006 5:01pm Nov 14, 2006 5:01pm
Out of school or whatever, as long as you are using you brains NOW.

Sure like to know how your nerdie friend would call the next news!
  • #74
  • Nov 14, 2006 5:03pm Nov 14, 2006 5:03pm
Quoting Moe
Thax Merlin. not bad for ex-poor black boy from the ghetto, drop outta school in 7th grade at 23 became a truck driver did that for six years then i found this wonderful world of forex and i took the plundge and here i im, living proof
yeah buddy you have been around FF for a while too. we watched you turn into a trader man! this is about my best joy on the forum, watching you guys turn into great traders, i have seen it 4 or 5 times. BK is the latest guy we are watching grow up into a pro trader. i love this shit!
Relax and be happy.
  • #75
  • Nov 14, 2006 5:06pm Nov 14, 2006 5:06pm
Quoting BurgerKing
Out of school or whatever, as long as you are using you brains NOW.

Sure like to know how your nerdie friend would call the next news!
he doesn't call them no more he left me with the system ive been using it on my own for the past 2 years.
If I Go Broke Trying Then I Will die happy.
  • #76
  • Nov 14, 2006 5:07pm Nov 14, 2006 5:07pm
oh so you were pro before you came to FF? opps! LOL!
Relax and be happy.
  • #77
  • Nov 14, 2006 5:18pm Nov 14, 2006 5:18pm
Well, this thread became a social thread, hehe, from fxopp vs his new foe, and givin props to moe and his journey to fx financial freedom, which is why we all are trading, financial freedom!


So, how is everyone doin?

Did anyone trade the Kiwi today?
  • #78
  • Nov 14, 2006 5:34pm Nov 14, 2006 5:34pm
Quoting merlin
oh so you were pro before you came to FF? opps! LOL!
no only became rich within this last year it take time to build up money i was still learning when i join this forums back in 2005. remeber i was still trading ouside of news the only thing kept me from wipping out my account was my friend system so once i realize all i needed to do was trade his system that is when the money started to build up so i gave up my system and started trading his witch only trades u.s news and only 8:30am news realeases. i was like every trader thinking that i should be trading everyday 24-7 so 99% of my trades or during u.s. 8:30am news realeses. so i never came up with a succesful system, if i had to go back to the drawing board i will be lost.
If I Go Broke Trying Then I Will die happy.
  • #79
  • Nov 14, 2006 6:02pm Nov 14, 2006 6:02pm
Congrats Moe! Let's hear from you just like what you did yesterday about your reco prior to the announcement keep it up....
  • #80
  • Nov 14, 2006 6:18pm Nov 14, 2006 6:18pm
Quoting merlin
yeah buddy you have been around FF for a while too. we watched you turn into a trader man! this is about my best joy on the forum, watching you guys turn into great traders, i have seen it 4 or 5 times. BK is the latest guy we are watching grow up into a pro trader. i love this shit!
Thanks for the props merlin! ForexFactory is the place to become a pro! If not a pro, at least a winner!

BTW. When JPY GDP came out yesterday, I was literally in the toilet "shitting" away some crap! I bet that is not the shit you were referring

Thats what I love about FOREX, we can trade whenever, whereever we want!

BTW. Its only 2 days and I am already x2 my weekly profit quota! I guess you all are doing well just the same. Nice week we are having.
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