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  • #20,301
  • Jul 20, 2007 2:41am Jul 20, 2007 2:41am
Quoting Big Wave Rider
I like your sense of humor, You like to stir the pot a little and get every body going. Not bad.
Thanks, its so BORINGG here... some think that they are great technical master, fundamental master. If you are so GREAT, why not go and apply as FX trader in big banks? Scared? or not capable to do so?
If you can't, why not write a book or e-book? Share it around.

I'm not great, so I'm just a small time retail trader.
  • #20,302
  • Jul 20, 2007 2:43am Jul 20, 2007 2:43am
Quoting dd33
My fren.. i think u got it wrong.. Fundamental trading is not the same as news trading..
Supported, that what I'm saying. We call this as PA (price action) and mind games.
  • #20,303
  • Jul 20, 2007 2:43am Jul 20, 2007 2:43am
Quoting dd33
I still prefer Autobots vs Decepticons..
Decepticons rules! hehehe...
  • #20,304
  • Jul 20, 2007 2:44am Jul 20, 2007 2:44am
Quoting zamans98
1. who determine support/resistance?
2. anyone can draw fibo lines, some triangle, bla bla bla b*llshit. Right?
3. Emotions also move currency - FEAR is the most killer, agreed?
4. Speculation move the currency for SURE. Not technical reading off chart.
I draw a fibo line, I can say GU will up to 2.0600, because it fall in xx.x% fibo bs. bla bla bla
5. why not everyone earning big fat cheque and drive Roll Royce around town if the technical is the key in forex?
You are ignorant, and ignorance is bliss....
One advice from someone who is simply bored, and maybe, perhaps can help someone not to make the same mistakes when I started 14 years ago, the more you learn the better off you'll be, as a trader, and perhaps as a human being as well. If you knew any fundamental stuff about this market, you would laugh about your post for a while... I could give you thousands of examples of how perfectly harmonious this market really is, it's just hard to see sometimes. Everyone has a different perception and a learning curve, let's leave it at that, ohh and btw start calling things by there right names, you don't trade fundamentals, you trade BLAH< BLAH>BLAH, there is a name for it, ready? "NEWS" I mean the figures, especially from our beloved goverment are soooooooooooooooooooooooooo accurate!@ OH BTW "There is no global warming"!!!!!!!!!!! I mean if the US did not sign the treaty it means it's all bulshit?!
Trade the price and the facts, thats my advice to you, see between the lines
  • #20,305
  • Jul 20, 2007 2:48am Jul 20, 2007 2:48am
Quoting gene22
You are ignorant, and ignorance is bliss....
One advice from someone who is simply bored, and maybe, perhaps can help someone not to make the same mistakes when I started 14 years ago, the more you learn the better off you'll be, as a trader, and perhaps as a human being as well. If you knew any fundamental stuff about this market, you would laugh about your post for a while... I could give you thousands of examples of how perfectly harmonious this market really is, it's just hard to see sometimes. Everyone has a different perception and a learning curve, let's leave it at that, ohh and btw start calling things by there right names, you don't trade fundamentals, you trade BLAH< BLAH>BLAH, there is a name for it, ready? "NEWS" I mean the figures, especially from our beloved goverment are soooooooooooooooooooooooooo accurate!@ OH BTW "There is no global warming"!!!!!!!!!!! I mean if the US did not sign the treaty it means it's all bulshit?!
Trade the price and the facts, thats my advice to you, see between the lines
...but in the end, even having all sort of data...its is still the trader's action needed to click SHORT or LONG button...I have my own view/perception and you have yours.

P/s : why are you so angry with my skills? Heck I want to use whatever skills it purely depends on me, I am learning and developing... So, stop your BS right now.
  • #20,306
  • Jul 20, 2007 2:48am Jul 20, 2007 2:48am
Quoting zamans98
Decepticons rules! hehehe...
Sorry my fren.. with a new ford mustang and a hot chick.. im goin with the Autobots..
  • #20,307
  • Jul 20, 2007 2:49am Jul 20, 2007 2:49am
Quoting zamans98
Thanks, its so BORINGG here... some think that they are great technical master, fundamental master. If you are so GREAT, why not go and apply as FX trader in big banks? Scared? or not capable to do so?
If you can't, why not write a book or e-book? Share it around.

I'm not great, so I'm just a small time retail trader.
Very small if you don't use technicals. Also, my post was about your usual nonsense posts, not about the direction of the market. That is my own concern, I don't try to foist my opinions on anyone. I use this forum to learn and on occasion hopefully read something amusing. Sadly your posts do not fall into this category.

I will not post on this subject again. I already feel tainted to have been drawn into making my thoughts known about you and the other idiots on this thread.
  • #20,308
  • Jul 20, 2007 2:50am Jul 20, 2007 2:50am
Friday, July 20th, 2007 (4:30 a.m. New York Time) UK

We have only 1 possible trade coming out, and it is UK GDP (gross domestic product). The UK GDP is a quarterly indicator that comes out every month. The first month we get the first reading which is called "advance reading". Then, the second month we get first revision of the advance reading. Finally, in the third month we get a final revision of the initial advance reading. They simply adjust numbers as they get more data. The most important number that usually everybody looks at, and that causes biggest moves is the advance reading which we are going to get tomorrow. It is expected that gross domestic product in the UK will be increased by 0.7% in the second quarter of 2007, same as last quarter, and this is a very time sensitive indicator, especially during the economic times where the UK is doing interest-rate decisions. If it comes out of 0.8% or higher, I think it would be very bullish for the GBP/USD and we may see a move of 40 pips or more. On the other hand, if the indicator comes out at 0.6% or lower, it will possibly mean the economy is kind of slowing down, and I think we may see some profit-taking and some unwinding in the GBP/USD, good also for 40 pips or more in the first hour of the report.

Of course this move will depend where the prices are at. For example, the price is right now at 2.0480. If the price stays at the exact same level, we know we have very strong resistance at approximately 2.0540-45 so it will be very possible to see a 65 pip move to test that resistance in the upper side. However, it the the price is closer to that, say 0.0500 before the report, the move may be smaller. So, where the price is can always affect the move.

Remember, tomorrow is Friday so volatility can be crazy. That could either support this move, or it could go against this move. I just suggest you to trade it, see what is going on, and maybe close after 1 hour or less.

SUMMARY:
* Report: UK GDP
* BUY on GBP/USD if the number will be 0.8% or higher
* SELL on GBP/USD if the number will be 0.6% or lower
* If the trigger is hit, we may see a move of 40 pips or more in the first hour of the report.



Source ~ Felix
  • #20,309
  • Jul 20, 2007 2:50am Jul 20, 2007 2:50am
Has anybody actually checked the title of this thread lately ?
Just curious.
  • #20,310
  • Jul 20, 2007 2:52am Jul 20, 2007 2:52am
That was fun, trying not to fall asleep before the news, BTW it is a crap to work for a bank or anyone else, if you are smart and have the guts to do it, only a few haours a day, flexible schedule and really BIG MONEY, this is where it is. My mentor back in the days, had turned $35.000 in to 1 mil in a year, he made a bet with a friend of his and did it in 11 months. The only bad thing about this market is that people do tend to get burned out.
  • #20,311
  • Jul 20, 2007 2:53am Jul 20, 2007 2:53am
Quoting FXexpat
Very small if you don't use technicals. Also, my post was about your usual nonsense posts, not about the direction of the market. That is my own concern, I don't try to foist my opinions on anyone. I use this forum to learn and on occasion hopefully read something amusing. Sadly your posts do not fall into this category.

I will not post on this subject again. I already feel tainted to have been drawn into making my thoughts known about you and the other idiots on this thread.
Please, if you think this is not helping you much, you can visit elsewhere where your mind can blend with the write up. I never put or advice others on ENTRY or EXIT.
  • #20,312
  • Jul 20, 2007 2:53am Jul 20, 2007 2:53am
Quoting dd33
Sorry my fren.. with a new ford mustang and a hot chick.. im goin with the Autobots..
ooooh *drools*...wonder if they are placing hot rod in the next episode or will there be another episode, looks like the original cartoon where megatron is banished to the sea, we could possibly see multiple sequeals here, you'll here my multiple squealings too, thats a hard body man, errr i mean the car!Oh no the girl...heck i want both, to hell with sam waikiki or was it witwiki?
  • #20,313
  • Jul 20, 2007 2:54am Jul 20, 2007 2:54am
Quoting FXexpat
Very small if you don't use technicals. Also, my post was about your usual nonsense posts, not about the direction of the market. That is my own concern, I don't try to foist my opinions on anyone. I use this forum to learn and on occasion hopefully read something amusing. Sadly your posts do not fall into this category.

I will not post on this subject again. I already feel tainted to have been drawn into making my thoughts known about you and the other idiots on this thread.


Shame on you
  • #20,314
  • Jul 20, 2007 2:55am Jul 20, 2007 2:55am
Quoting FXexpat
Very small if you don't use technicals. Also, my post was about your usual nonsense posts, not about the direction of the market. That is my own concern, I don't try to foist my opinions on anyone. I use this forum to learn and on occasion hopefully read something amusing. Sadly your posts do not fall into this category.

I will not post on this subject again. I already feel tainted to have been drawn into making my thoughts known about you and the other idiots on this thread.
Technicals lag.. BIG time (well.. not all.. but mostly are).. if u want to learn something.. i suggest Price Action.. u can go to james16 and do some reading there.. and dont judge other people as "idiot" if u havent known their ability.. there are some great people here in this thread.. people like cesarnc, bravado, seeking light, wtb, suntrader, etc..

Just becoz someone like to have some jokes.. doesnt mean that they are IDIOT...
  • #20,315
  • Jul 20, 2007 2:55am Jul 20, 2007 2:55am
Quoting gene22
That was fun, trying not to fall asleep before the news, BTW it is a crap to work for a bank or anyone else, if you are smart and have the guts to do it, only a few haours a day, flexible schedule and really BIG MONEY, this is where it is. My mentor back in the days, had turned $35.000 in to 1 mil in a year, he made a bet with a friend of his and did it in 11 months. The only bad thing about this market is that people do tend to get burned out.
No, i have no hard feeling against you or others. Just remember, you and I are different, just like our DNA.
I have my own view, you have yours. I cannot force you to BUY or SELL. In the end you are holding the honor to click BUY/SELL button or chicken out and turn off the PC and do something else.

wow, 35k to 1 million? I have to say that is superb!
  • #20,316
  • Jul 20, 2007 2:57am Jul 20, 2007 2:57am
THE SUB PRIME MARKET IS GOING DOWN OHH MY GOD RUN FOR YOUR LIVES.

The sub prime market is a joke, they give loans to people who make minimum wage (5 dollars an hour), so they can buy a run down shack that cost less than my car, Meanwhile second and third home sales are up (vacation homes) sailboats, luxery items are all up. BUT, WATCHOUT THE MARKETS GOING CRASH CAUSE THE POOR PEOPLE CANT AFORD TO BUY HOMES IN THE GHETTO ANYMORE.

FEAR its how the U.S goverment and its institutions do buisness
Dont travel abroad without it.
Just Trade It
  • #20,317
  • Jul 20, 2007 2:58am Jul 20, 2007 2:58am
Quoting dd33
Technicals lag.. BIG time (well.. not all.. but mostly are).. if u want to learn something.. i suggest Price Action.. u can go to james16 and do some reading there.. and dont judge other people as "idiot" if u havent known their ability.. there are some great people here in this thread.. people like cesarnc, bravado, seeking light, wtb, suntrader, etc..

Just becoz someone like to have some jokes.. doesnt mean that they are IDIOT...
He thinks that he's great! Show some proof... Oh, his nick : FXexpat (sounds like FX expert! .. oh please, I want to puke!)
  • #20,318
  • Jul 20, 2007 2:58am Jul 20, 2007 2:58am
Quoting zamans98
No, i have no hard feeling against you or others. Just remember, you and I are different, just like our DNA.
I have my own view, you have yours. I cannot force you to BUY or SELL. In the end you are holding the honor to click BUY/SELL button or chicken out and turn off the PC and do something else.

wow, 35k to 1 million? I have to say that is superb!
There is no hard feelings, I was simply a little bored and your post ticked me off, on a side note, different views is what makes this fun, but knowledge is power, trust me on that
  • #20,319
  • Jul 20, 2007 2:58am Jul 20, 2007 2:58am
Quoting benssol

Shame on you
OK one final post - I apologise. I should have qualified that remark with "the other small number of ***** ** **** ******".
  • #20,320
  • Jul 20, 2007 2:59am Jul 20, 2007 2:59am
Quoting Big Wave Rider
THE SUB PRIME MARKET IS GOING DOWN OHH MY GOD RUN FOR YOUR LIVES.

The sub prime market is a joke, they give loans to people who make minimum wage (5 dollars an hour), so they can buy a run down shack that cost less than my car, Meanwhile second and third home sales are up (vacation homes) sailboats, luxery items are all up. BUT, WATCHOUT THE MARKETS GOING CRASH CAUSE THE POOR PEOPLE CANT AFORD TO BUY HOMES IN THE GHETTO ANYMORE.

FEAR its how the U.S goverment and its institutions do buisness
Dont travel abroad without it.
Anyway, dollar weakness may help to overcome the sub-prime market...
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