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  • #771,341
  • Aug 30, 2023 10:14pm Aug 30, 2023 10:14pm
Quoting Zebi
{quote} i dont think trading has anything to do with knowledge, intelligence or education.. a cme local who traded ES back in the day was a family friend when i was young. He just had a h.s. education and what alwsys struck me funny was... he always had a beard or goatee and whenever he was over to the house hed have food crumbs in his whiskers LOL but he made big money and didnt have to answer to anyone and i wanted to be just like him minus the crumbs LOL trading is 90% emotions and 10% technical analysis (knowledge) i just made some posts how...
OK so you have some more to learn. That's fair enough. As for emotions and "eliminating" them etc. .... people who say this or suggest it are not real people who trade AND who have the experience to know - It is impossible to eliminate them. So better to just accept reality and be relaxed and calm about your work.


Peter
Real Trading is not gambling.
  • #771,342
  • Edited 10:48pm Aug 30, 2023 10:16pm | Edited 10:48pm
To be clear, I am confused why the topic of money changers has been brought up in this thread. It is an old and outdated concept and has no place in modern finance or financial management. Considering the nature of money changers has nothing to do with currency trading, and will not help you improve your trading or your life.
  • #771,343
  • Edited 11:02pm Aug 30, 2023 10:18pm | Edited 11:02pm
Quoting GEfx
to be clear, I am confused why the topic of money changers has been brought up in this thread. It is an old and outdated concept and has no place in modern finance or financial management. Considering the nature of money changers has nothing to do with currency trading, and will not help you improve your trading or your life.
I think money changers were simply merchants that were conducting business in the temple (church). Jesus was angry because they weren't supposed to be conducting business inside the church because it was a sacred place. People misconstrue the Bible all the time and sadly in this day and age nobody even reads it or understands it. It's not like Jesus was pissed at foreign currency traders they didn't even exist.

However, with that being said the Bible warns us about speculation and even investing. I don't believe it is a sin, but the Bible warns us that this is not a good way to live our lives in a nutshell. Which is true.
Trade at your own risk.
  • #771,344
  • Aug 30, 2023 10:23pm Aug 30, 2023 10:23pm
I love it when fools talk about things and cannot or will not note the connectors.

Yes VERY intelligent. Yes general knowledge is "bad" right. Hehehehehe. Yes deadheads will follow that line of thinking. But seeing as I'm not a deadhead, I'll continue to think for myself. Sorry 'Aussi' if you have a problem with this.

But it does make it easier to know who not to listen to or believe or trust.

Cheers

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Real Trading is not gambling.
  • #771,345
  • Aug 30, 2023 10:46pm Aug 30, 2023 10:46pm
Quoting Fx3423454
{quote} I think money changers were simply merchants that were conducting business in the temple (church). Jesus was angry because they weren't supposed to be conducting business inside the church because it was a sacred place. People misconstrue the Bible all the time and sadly in this day and age nobody even reads it or understands it. It's not like Jesus was pissed at foreign currency traders they didn't even exist. However, with that being said the Bible warns us about speculation and even investing. However, I don't believe it is a sin, but...
Right. He fashioned a whip out of ropes and drove the money changers from the temple. He was angry because the temple is a place of worship, not a place to make profits. Profits are ok as long as you don't cheat people, or something to that effect. None of which has any connection to trading the GBP/USD. Good trading!
  • #771,346
  • Aug 30, 2023 10:47pm Aug 30, 2023 10:47pm
Quoting FulMargnAlch
Long GU SL 15p TP 50-70p
cancelled
The market hides a perfect geometry.
  • #771,347
  • Aug 30, 2023 11:05pm Aug 30, 2023 11:05pm
Quoting PeterCaleb
{quote} OK so you have some more to learn. That's fair enough. As for emotions and "eliminating" them etc. .... people who say this or suggest it are not real people who trade AND who have the experience to know - It is impossible to eliminate them. So better to just accept reality and be relaxed and calm about your work. Peter
Peter, I'm very impressed by your reverse psychology statements which, I believe may confuse some traders.

Personally, I've started to be successful once I've stripped all my charts from the lagging indicators and I started to follow the fundies and the R/S chart patterns.

I have not seen you post any real traders only some comments on how to accept losses. Interesting concept if you get the drift.

I'm new to FF and I would like learn from professional traders.

While we're still on the topic, please see my UJ & GJ trade ideas which I've been %85 successful on.
  • #771,348
  • Aug 30, 2023 11:31pm Aug 30, 2023 11:31pm
***Gerald Celente - "Market should start falling in September and maybe crash in October"***
  • #771,349
  • Edited Aug 31, 2023 12:22am Aug 30, 2023 11:46pm | Edited Aug 31, 2023 12:22am
Officials from BoJ are coming out with very dovish tone lately!

In light of September and October being really well known for beginning of crisis, I think we'll have ourselves a really nice surprise downturn as Celente is suggesting we will be starting with bad NFP numbers tommorow.

BoJ officials want the sentiment to change from retailers Buying Yen to Selling Yen after those dovish statements in my opinion.
  • #771,350
  • Aug 30, 2023 11:55pm Aug 30, 2023 11:55pm
Quoting Zebi
{quote} i dont think trading has anything to do with knowledge, intelligence or education.. a cme local who traded ES back in the day was a family friend when i was young. He just had a h.s. education and what alwsys struck me funny was... he always had a beard or goatee and whenever he was over to the house hed have food crumbs in his whiskers LOL but he made big money and didnt have to answer to anyone and i wanted to be just like him minus the crumbs LOL trading is 90% emotions and 10% technical analysis (knowledge) i just made some posts how...
I would say wisdom ot knowledge is needed. All these legend traders like Elliott, Gann and nowadays traders like Martin Armstong use patterns or mathematics. We are dealing with numbers. My 2 cents. Cheers
POSTMASTER
  • #771,351
  • Aug 31, 2023 12:05am Aug 31, 2023 12:05am
Quoting Whale
Enjoy the month end vibes. {image}
alternative chart for my yesterday post
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  • #771,352
  • Aug 31, 2023 12:23am Aug 31, 2023 12:23am
Imo price will try to attack 1.266 area today
  • #771,353
  • Aug 31, 2023 12:25am Aug 31, 2023 12:25am
Quoting Robinhood1
{quote} I would say wisdom ot knowledge is needed. All these legend traders like Elliott, Gann and nowadays traders like Martin Armstong use patterns or mathematics. We are dealing with numbers. My 2 cents. Cheers
I would prepare for a possibility of Yen rising considerably tommorow which might mark the top for this period.

Reversal warning I have on the charts rarely fails to be honest.
Don't expect anything today, maybe another rally if nothing else but it matters not, because tommorow is the day which will decide ultimately.
  • #771,354
  • Aug 31, 2023 12:27am Aug 31, 2023 12:27am
Bad NFP tommorow should mark the beginning of the rally towards 1.33.
  • #771,355
  • Aug 31, 2023 12:31am Aug 31, 2023 12:31am
GBP/USD could go to 1.267 today. I'll trade this pair today I think while I'm waiting for NFP.

On Daily Chart for GBP/USD we don't have usual H&S Pattern anymore, I think we just had a low down there and this is actually an inverted H&S taking place with top probably going to reach 1.33.

Price should go down today to pick up liquidity and tommorow shoot up.
  • #771,356
  • Aug 31, 2023 12:36am Aug 31, 2023 12:36am
GU short, SL6.7pips

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  • #771,357
  • Aug 31, 2023 12:37am Aug 31, 2023 12:37am
Quoting PeterCaleb
{quote} It is plain and simple. Both movement and Risk have layers. Unknown and known. Actually it's a very basic business principle. "Plan for the worst and prepare for everything else". And each comes in gradient form. As I wrote it. Most of you people trade whats in front of you but maybe not ready for the big slammer at extreme that then strips losers and then rips back for a X pip movement. As I said, learn instead of yakking. What I wrote is in basic english with VERY basic chronology.
ok, your english is good compared to mine, but complicated and awkward instead of simple;-)

i looked at some of your older posts yesterday and there were a few better, useful ones among them.

i'm not interested in the posts about the psyche. i'm aware of the fact that you can't live without a healthy psyche, but it's paralysing to read about it again and again.

But what is interesting about the old posts are the mt4 indicators that you make available for download. where did you actually get them?
trading is like dancing, don't think and just listen to the music!
  • #771,358
  • Aug 31, 2023 12:39am Aug 31, 2023 12:39am
Let's go to the daily pivot
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yes yes yes
  • #771,359
  • Aug 31, 2023 1:27am Aug 31, 2023 1:27am
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  • #771,360
  • Aug 31, 2023 1:31am Aug 31, 2023 1:31am
I can not and will not hold it however attractive it is.

Profit booked.

0.6 % on 100 k account

And then 1.3 % profit on 200 k account.

Done..may be for today.

Would follow dicipline.
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Intraday only.
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