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  • #58,561
  • Mar 17, 2008 10:54am Mar 17, 2008 10:54am
I'd agree that Gambling is one portion in trading, but to use it as a trading style or even habit, I don't think so... For us, chartist, there are chances where chart patterns repeating, and thus, analysis about that has been done and represented in numbers...
Furthermore, fundamental (news) will trigger the price movement so that "The initial value" or "The initial trigger" to the price movement happen...
I gambled a lot back there, and now, I'd keep it just as a portion in my trading if I confuse the way to pick the initial trigger... Otherwise, the trade I'm taking is not even worth traded (experience proved this statement, believe me...), staying out is my only option if that happen. Just like now, my order triggered @ 2.0075, and the market went up to 2.01 level and suddenly dropped to the initial point. I locked my profit @ 2.0085 when it happened, and my order once again hit, and I'm out right now. My target is actually 2.02 area which is the closing price at Friday. The trade was a disappointment, I'm not as good as Abuawad anyway...


Quoting allserene
I made a bit out of the long and I am happy with that. I switch styles and gambling is only one of them; but anyone in the market today is gambling whether they believe in the musings of some long dead Italian maths hobbyist or not.
Anyone who is in denial over the gambling element will have to admit it sooner or later. What is gambling but predicting mathematical outcomes anyway ?

It's only called 'trading' to absolve people with religious taboos. Were Bear Sterns trading or did they gamble ?

Doesn't matter as long as the weighted averages work out in the long run
  • #58,562
  • Mar 17, 2008 10:54am Mar 17, 2008 10:54am
Quoting allserene
I think you mean 'pray' rather than 'prey' but that's just the grammar school generation being picky.

Good for you with your long term long - its a sound enough strategy.

Genuine success is what we are all after - but fake success every single time there is a big move (and most times 180 degrees from their last stated positions), is irritating

I repeat, that anyone who is as good as some of these guys claim to be would not be trudging off to work every day - would you ? I wouldnt leave the house if I was that good - I would pay someone to go shopping for me !

It's no so long since the Americans were applauding eliot spitzer and enron and bear sterns and george w bush - so we have to make sure it's the genuine article before we start hooting our approval
You know I was told to be nice to you; but you just seem to be one of those guys… how I shall say, that like to be a real Bad ass when it comes to talking. You know it’s real easy and tuff to sit on your fat ass and talk shit to other people when you look at a Plastic or glass screen full of pixels while you chump onto a keyboard the way you do, It’s a whole different story to piss someone off when your in front of them, and it doesn’t take much skill to kick your ass. Frankly I could give to hoots if I get banned, You have nothing I want, nor nothing you can offer, I just get sick and tired of reading you ramble up on bullshit about other people. First off, if you trade and goto work; is it a sin? I probably make more money than you and your wife put together with the forex, have I mentioned my age yet? Too bad if I haven’t, im a cocky bitch I will admit, but im not an ignorant ass like you, yet I still get up every morning, get in my nice comfy car, and head to work and sit in my beautiful office. Now, who’s to say bones doesn’t do the same, Who’s to say every good trader doesn’t do it? Why pay someone to go do the groceries for you? Are you that much of a lazy ass to get up and pick up your own food? Soon if you were so good at the forex, maybe you’d pay someone to wipe your ass while you were at it too no? A lot of traders admit there not the best, and they admit they are new, but a lot of others admit they are good, and a lot of them have proven their skill, now if you like, go ahead and rant on about me too; you poor ol “Picky” grammatical pig, lets see how many grammar mistakes I made. Try and go out more… get a bit social, it seems like someone isn’t “putting” out they way they should be and someone’s just a little cranky.. Cheer up butter cup and stop hating on other people you walking delinquent. Oh yea, did you miss my message you sad sack of shit; Fuck you prick. Stop hating.[/font]
And your mouth dropped
  • #58,563
  • Mar 17, 2008 11:05am Mar 17, 2008 11:05am
Oh yea, and i longed at 2.0000 enjoy the ride everyone, hope your all doing great
And your mouth dropped
  • #58,564
  • Mar 17, 2008 11:05am Mar 17, 2008 11:05am
TONY BUDDY ...I am live today ...but no trade too scared ...LOL
  • #58,565
  • Mar 17, 2008 11:06am Mar 17, 2008 11:06am
good luck.

Quoting makey2u
Oh yea, and i longed at 2.0000 enjoy the ride everyone, hope your all doing great
Nihil Sine Deo.
  • #58,566
  • Mar 17, 2008 11:08am Mar 17, 2008 11:08am
The market is HOT, FF members also getting some...
I'd stand at a circle called "Neutral" since I don't really like talking about others, and yet I can't find anything wrong with your statements pal...
Take my advice: Calm down....She (or He????) doesn't worth it...

Quoting makey2u
You know I was told to be nice to you; but you just seem to be one of those guys… how I shall say, that like to be a real Bad ass when it comes to talking. You know it’s real easy and tuff to sit on your fat ass and talk shit to other people when you look at a Plastic or glass screen full of pixels while you chump onto a keyboard the way you do, It’s a whole different story to piss someone off when your in front of them, and it doesn’t take much skill to kick your ass. Frankly I could give to hoots if I get banned, You have nothing I want, nor nothing you can offer, I just get sick and tired of reading you ramble up on bullshit about other people. First off, if you trade and goto work; is it a sin? I probably make more money than you and your wife put together with the forex, have I mentioned my age yet? Too bad if I haven’t, im a cocky bitch I will admit, but im not an ignorant ass like you, yet I still get up every morning, get in my nice comfy car, and head to work and sit in my beautiful office. Now, who’s to say bones doesn’t do the same, Who’s to say every good trader doesn’t do it? Why pay someone to go do the groceries for you? Are you that much of a lazy ass to get up and pick up your own food? Soon if you were so good at the forex, maybe you’d pay someone to wipe your ass while you were at it too no? A lot of traders admit there not the best, and they admit they are new, but a lot of others admit they are good, and a lot of them have proven their skill, now if you like, go ahead and rant on about me too; you poor ol “Picky” grammatical pig, lets see how many grammar mistakes I made. Try and go out more… get a bit social, it seems like someone isn’t “putting” out they way they should be and someone’s just a little cranky.. Cheer up butter cup and stop hating on other people you walking delinquent. Oh yea, did you miss my message you sad sack of shit; Fuck you prick. Stop hating.[/font]
  • #58,567
  • Mar 17, 2008 11:08am Mar 17, 2008 11:08am
Quoting Scrat
good luck.
Dude i just got out lol, forget it, she looks mean right now
And your mouth dropped
  • #58,568
  • Mar 17, 2008 11:09am Mar 17, 2008 11:09am
Quoting makey2u
Oh yea, and i longed at 2.0000 enjoy the ride everyone, hope your all doing great
IM THINKING THE SAME THING BRO ..just scared it might all as it counter trend..
  • #58,569
  • Mar 17, 2008 11:11am Mar 17, 2008 11:11am
Quoting Bones
Well that’s true I never paid attention at school. You call it picky I call it only happy when you have someone to put down.
Well im glad you cleared up the fact that you are talking about me. Why not just say it?
For a min I thought you were talking about Abu as he never shows a loss and I was standing up for him. But he is your friend isn’t he so you can believe him.
I am the most open person here .I post all my charts and plans well before they happen and I trade them. You can not understand such accuracy because you do not use charts to get the direction you use your own micro world to get your view which I have to tell you is not reliable.
No Bones I don't suspect you of winning under all circumstances at all times. We both know how dangerous this game is so I am naturally suspicious (not envious, that would come later) of such day after day success - especially in this turmoil of a market. I don't claim even to be a good trader - just a prolific one and my gains are small. I don't even have any evidence that anyone is overstating his successes because I am too lazy to collect a file.
So in summary, it's not you, and your calls have been quite good and laid out in advance and I have no file on others which would allow me to pin them down either - it's just that on a mathematic, statistical, quantative analysis approach, that consistency of success under all circumstances and market directions is just too good to be true for my credulity to accept.
I have met a reportedly incredibly successful trader in person and been offered his books and cd's and wondered why he sold books and cd's when there are all those billions to be made in trading.
Anyway I will shut up now - I have stated my incredulity and thats all there is to do.
  • #58,570
  • Mar 17, 2008 11:11am Mar 17, 2008 11:11am
Quoting fdowtf
The market is HOT, FF members also getting some...
I'd stand at a circle called "Neutral" since I don't really like talking about others, and yet I can't find anything wrong with your statements pal...
Take my advice: Calm down....She (or He????) doesn't worth it...
thanks bud... i know, and i am cool, i wrote it with a smile
And your mouth dropped
  • #58,571
  • Mar 17, 2008 11:13am Mar 17, 2008 11:13am
Quoting nAVIN2007
IM THINKING THE SAME THING BRO ..just scared it might all as it counter trend..
lol! no dont! i got out at break even, shes being such a pig(reminds me of some stuff ), wait for a proper signal on the TL
And your mouth dropped
  • #58,572
  • Mar 17, 2008 11:14am Mar 17, 2008 11:14am
Quoting makey2u
Dude i just got out lol, forget it, she looks mean right now
it looks a great trade bud.....good risk to reward ..
the only thing is the bloody s2 is in the way ...
  • #58,573
  • Mar 17, 2008 11:27am Mar 17, 2008 11:27am
Quoting allserene
No Bones I don't suspect you of winning under all circumstances at all times. We both know how dangerous this game is so I am naturally suspicious (not envious, that would come later) of such day after day success - especially in this turmoil of a market. I don't claim even to be a good trader - just a prolific one and my gains are small. I don't even have any evidence that anyone is overstating his successes because I am too lazy to collect a file.
So in summary, it's not you, and your calls have been quite good and laid out in advance and I have no file on others which would allow me to pin them down either - it's just that on a mathematic, statistical, quantative analysis approach, that consistency of success under all circumstances and market directions is just too good to be true for my credulity to accept.
I have met a reportedly incredibly successful trader in person and been offered his books and cd's and wondered why he sold books and cd's when there are all those billions to be made in trading.
Anyway I will shut up now - I have stated my incredulity and thats all there is to do.

I understand what yur saying but i really dont want to be hearing that the market always wins...i need to be positive and i have just started a live account.....u can make money in this its just a question of entering high probability trades ...i wish every1 luck and success and ask no less for myself ...LOL ....come on guys this cant help us in any way lets just try and figure out what the hell is going on ...
  • #58,574
  • Mar 17, 2008 11:32am Mar 17, 2008 11:32am
Quoting MarcoW
Abuawad, when you enter, how much of a stop loss do you put in place, and have you been stopped out much before price heads in the direction you thought it would?

Cable seems lately to jump 30-45 pips in some of these moves that ultimately head in the correct direction based on analysis.
if u ask me it depends on yur mental strength...when u have a SP what u must do is place it in a non obvious place....what happens with stop is the big players target them ...to take yur money...so u have to be very carefull. i doubt abuawad uses them.he probably has a mental SP and disapline to exit losing trade and if he does it well just come down to that fact there is knowledge on charts is excellent and he probably has fantastic entery
  • #58,575
  • Mar 17, 2008 11:33am Mar 17, 2008 11:33am
Quoting allserene
..[Anyway I will shut up now]..
i missed that, but should have taken your own advice a long time back, now it's said, take your advice now, sooner then later. i suppose.
And your mouth dropped
  • #58,576
  • Mar 17, 2008 11:35am Mar 17, 2008 11:35am
You being quiet will ruin all the fun in this forum... Please adjust to the community and everything will be just fine (read: FUN)....
The forum welcomes many different point of views, many different opinion, why the burden to feel weary??? Explanations are great and silence are golden... Choose at your own risk....

Quoting allserene
No Bones I don't suspect you of winning under all circumstances at all times. We both know how dangerous this game is so I am naturally suspicious (not envious, that would come later) of such day after day success - especially in this turmoil of a market. I don't claim even to be a good trader - just a prolific one and my gains are small. I don't even have any evidence that anyone is overstating his successes because I am too lazy to collect a file.
So in summary, it's not you, and your calls have been quite good and laid out in advance and I have no file on others which would allow me to pin them down either - it's just that on a mathematic, statistical, quantative analysis approach, that consistency of success under all circumstances and market directions is just too good to be true for my credulity to accept.
I have met a reportedly incredibly successful trader in person and been offered his books and cd's and wondered why he sold books and cd's when there are all those billions to be made in trading.
Anyway I will shut up now - I have stated my incredulity and thats all there is to do.
  • #58,577
  • Mar 17, 2008 11:37am Mar 17, 2008 11:37am
Quoting makey2u
lol! no dont! i got out at break even, shes being such a pig(reminds me of some stuff ), wait for a proper signal on the TL
mickey bro...how can we trade in this mess
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  • #58,578
  • Mar 17, 2008 11:45am Mar 17, 2008 11:45am
Happy trading to FF members....

Today, one Short (2.0185; closed @ 2.0099) and one Long (2.0075; closed @ 2.0085) for today is rated "Great".... --> as of now I'm a "beginner", lost too big last time (but not that big to blow my account plus last time I didn't know about "sharing" in this forum...)
Tomorrow, I'll try to do better, and if I can't... I won't let you know....
  • #58,579
  • Mar 17, 2008 11:45am Mar 17, 2008 11:45am
Quoting nAVIN2007
mickey bro...how can we trade in this mess
i would actually Sell at 2.0150, and hang on and sell again at 2.0350, she might do a double top but she broke the previouse low , hehehe i smell a trend reversal, and a TL line on the daily from the top of 2.1xxx and to this top of 2.04xx, and then copy the line towards the bottom until it clicks in, like Abuwad said, its down trend long term baby. and as for Bones, he's calls where dead on with this damned uptrend...... damn you lol.
And your mouth dropped
  • #58,580
  • Mar 17, 2008 11:56am Mar 17, 2008 11:56am
Quoting makey2u
i would actually Sell at 2.0150, and hang on and sell again at 2.0350, she might do a double top but she broke the previouse low , hehehe i smell a trend reversal, and a TL line on the daily from the top of 2.1xxx and to this top of 2.04xx, and then copy the line towards the bottom until it clicks in, like Abuwad said, its down trend long term baby. and as for Bones, he's calls where dead on with this damned uptrend...... damn you lol.

I think once this baby closes on 30 minute chart it will be a bullish piercing pattern ....i think we going up and it hit the bottom and bounced

piercing on 1hr chart ...signal to go up i think she just needs to close above s2 level
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