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Do you trade with or without a chart?

  • #21
  • May 7, 2007 4:36pm May 7, 2007 4:36pm
Quoting lever70
This is like asking if you drive with or without your eyes opened.

And Buffet lost over $1B shorting the dollar. Signal before you turn, and always stop at the red.
Warren Buffet does not use charts.


Warren Buffett is currently working on an animated series with DiC Entertainment chief Andy Heyward. According to information presented by Buffett at the Berkshire Hathaway annual meeting on May 6, 2006, the series will feature Buffett and Munger in roles and the series will teach children healthy financial habits for life. Cartoon drawings of Buffett and Munger were displayed throughout the events during the weekend and the special movie before the meeting began was in animation form by Heyward.
One of the reasons he left the Wharton School at University of Pennsylvania is because he believed he knew more than the professors.

He does not carry a cell phone, does not have a computer at his desk, and drives his own car.[22]

http://en.wikipedia.org/wiki/Warren_buffet
  • #22
  • May 7, 2007 6:16pm May 7, 2007 6:16pm
Quoting lever70
And Buffet lost over $1B shorting the dollar. Signal before you turn, and always stop at the red.
Yet he gained over $2B before he lost that $1B. By your logic, maybe we shouldn't use charts because the chart's exit signal or trailing stop will cause you to lose a part of your profits.
  • #23
  • May 7, 2007 10:12pm May 7, 2007 10:12pm
Quoting bluebuddha
Yet he gained over $2B before he lost that $1B. By your logic, maybe we shouldn't use charts because the chart's exit signal or trailing stop will cause you to lose a part of your profits.
A Buffet Strat that I remember from 01 {I think it was 01} on a Silver Play.

'I have been accumulating silver since it was @ $4.00.'
Back then it was @ 4.75

Silver moves to $$7.50

Silver moves back to $5.00

THE Absolute Perfect Pump and Dump.

Later disclosures revealed that Buffet immediately started liquidating his silver position shortly after the statement.

MOTTO.
Do what you Believe In. Not what Others tell you to believe.

Consider:
I'm Buffet & Im bored. Think I'll start a run on Random L.Lumber.

I think that, given the present environment, there is a possibilty that Canada will cancell the Softwood tariff agreement.
{btw,shhhh; I'm long futures and calls}
What would you think if it was signed Bemac?
  • #24
  • May 7, 2007 10:33pm May 7, 2007 10:33pm
Quoting profitplay
Do you trade with or without a chart?

Please vote on the poll.

Thank you.

Price moves so fast in most forex pairs I don't see HOW you could successfully keep up and trade profitably. I guess I could keep my Moving Averages in my back pocket.
  • #25
  • May 7, 2007 10:38pm May 7, 2007 10:38pm
Quoting KudzuFX
... I guess I could keep my Moving Averages in my back pocket.
Or share them ?
  • #26
  • May 8, 2007 3:03am May 8, 2007 3:03am
Quoting profitplay
Warren Buffet does not use charts.

...

He does not carry a cell phone, does not have a computer at his desk, and drives his own car.[22]

http://en.wikipedia.org/wiki/Warren_buffet
Well this "Warren Buffett" sir or madam sounds like an complete idiot. I will do the opposite of what he does. AS USUAL
  • #27
  • May 8, 2007 3:41am May 8, 2007 3:41am
Quoting j5000
Well this "Warren Buffett" sir or madam sounds like an complete idiot. I will do the opposite of what he does. AS USUAL
he's the second riches man in america / world behind bill gates, he can't be to much of an idiot.
If I Go Broke Trying Then I Will die happy.
  • #28
  • Last Post: May 8, 2007 3:45am May 8, 2007 3:45am
Quoting j5000
Well this "Warren Buffett" sir or madam sounds like an complete idiot. I will do the opposite of what he does. AS USUAL
You wish!...

Quoting Moe
he's the second riches man in america / world behind bill gates, he can't be to much of an idiot.
True
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