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Dumb blonde trading...

  • #281
  • Jun 5, 2008 7:26am Jun 5, 2008 7:26am
i only seem to end up chasing women in my dreams, but they always get away.
  • #282
  • Jun 5, 2008 7:32am Jun 5, 2008 7:32am
Quoting mtrmth
i only seem to end up chasing women in my dreams, but they always get away.
have you never heard about the šthrill of the chaseš? Its all downhill once you catch her, remember haha, you have a clever subconscious obviously...
Never say never.
  • #283
  • Jun 5, 2008 7:40am Jun 5, 2008 7:40am
i love the thrill of the chase, but i m getting really tired

just looking for some love!!
  • #284
  • Jun 18, 2008 1:43am Jun 18, 2008 1:43am
So I'm going to make this as easy as possible:

You are a guy, you and 9 of your buddies and you all go to a bar.

2 women walk in, we will call them A and B.

Before you know what's happening, all 9 of your buddies are going after girl A.

Now.. Not having seen either A nor B..

If you've watched "Beautiful Mind" you'll know what Nash thinks. If you've ever been to a bar, you'll know that chick A is probably 10x prettier than chick B.

BUT.. here's my bet on all this.. If 9 guys are going after the same girl, regardless if I agree or even see the reason, rationale at first blush says then go after girl B, no competition!! But wait a minute..

There are over a million men who wants to date Heidi Klum, but I don't know of a single soul who wants to date Rosie O'Donnell... and the reason for that is quite obvious..

So let us now fill in the names to this story, and I'll get to the FX part.

Heidi Klum
http://imagecache2.allposters.com/im...um-Posters.jpg

and

Rosie O'Donnell

http://thepierre.net/wp-content/uplo...7/10/rosie.jpg

Both walk into a bar.. 9 of your buddies go after Heidi.. Do you try for Heidi or go for Rosie?


Now what does ALL this have to do with FX??


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Supply vs Demand Theory:

1) If Demand outstrips Supply, then price increases.
2) If Supply outstrips Demand, then price decreases.

If the price is increasing, that means everybody is BUYING.

If the price is decreasing, that means everybody is SELLING.

If the market is pointing UP, that means the price is INCREASING, that means everybody is BUYING. At this point.. you can either BUY.. or SELL..


if you SELL in a rising market, you are DATING ROSIE.



Does that clear everything up for you?? I hope so!!
google:
  • #285
  • Jun 18, 2008 1:55am Jun 18, 2008 1:55am
loud and clear!
Never say never.
  • #286
  • Jun 18, 2008 5:21am Jun 18, 2008 5:21am
so is heidi klum a dumb blonde???
  • #287
  • Jun 18, 2008 8:50am Jun 18, 2008 8:50am
Quoting mtrmth
so is heidi klum a dumb blonde???
You dont expect me to believe you really care? lol
Never say never.
  • #288
  • Jun 18, 2008 8:55am Jun 18, 2008 8:55am
Quoting twoblink
So I'm going to make this as easy as possible:

You are a guy, you and 9 of your buddies and you all go to a bar.

2 women walk in, we will call them A and B.

Before you know what's happening, all 9 of your buddies are going after girl A.

Now.. Not having seen either A nor B..

If you've watched "Beautiful Mind" you'll know what Nash thinks. If you've ever been to a bar, you'll know that chick A is probably 10x prettier than chick B.

BUT.. here's my bet on all this.. If 9 guys are going after the same girl, regardless if I agree or even see the reason, rationale at first blush says then go after girl B, no competition!! But wait a minute..

There are over a million men who wants to date Heidi Klum, but I don't know of a single soul who wants to date Rosie O'Donnell... and the reason for that is quite obvious..

So let us now fill in the names to this story, and I'll get to the FX part.

Heidi Klum
http://imagecache2.allposters.com/im...um-Posters.jpg

and

Rosie O'Donnell

http://thepierre.net/wp-content/uplo...7/10/rosie.jpg

Both walk into a bar.. 9 of your buddies go after Heidi.. Do you try for Heidi or go for Rosie?


Now what does ALL this have to do with FX??


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Supply vs Demand Theory:

1) If Demand outstrips Supply, then price increases.
2) If Supply outstrips Demand, then price decreases.

If the price is increasing, that means everybody is BUYING.

If the price is decreasing, that means everybody is SELLING.

If the market is pointing UP, that means the price is INCREASING, that means everybody is BUYING. At this point.. you can either BUY.. or SELL..


if you SELL in a rising market, you are DATING ROSIE.



Does that clear everything up for you?? I hope so!!

TwoBlink...I respect your analogy , however.....

Your basing your analogy on that the bar patron(s) , or yourself, are not currently dating Heidi at the time

(or in FX terms, that you don't already hold a position, that is now gaining value due to everyone wanting what you already have)


Its clear if your not currently dating Heidi, then you stand correct...

Its also possible all the patrons may be overlooking the wallflower that is really Jessica Alba, so dumping Heidi (assuming your already dating her) may actually be the way to go

-Almo
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  • #289
  • Jun 18, 2008 8:58am Jun 18, 2008 8:58am
Raz, I think your journal is about to become the most viewed journal on forex factory
  • #290
  • Jun 18, 2008 10:22am Jun 18, 2008 10:22am
Actually Almo.. You are wronger than wrong.. If you are dating Heidi Klum right now; and then Jessica Alba and Rosie walk in.. why in the world would you dump Heidi??

The CORRECT thing to do is to hold on to Heidi, and try to hook up with Jessica as well..

Do you see Hugh Hefner dumping one for another?? Do you see Hugh dumping anything?? The man knows about investments, and if you've got something that is good, and something else comes along of equal quality, BUY MORE!!

I add positions, I never sell my positions if I'm correct..

Add to strengths, subtract weaknesses. If the market is proving you right, add to the position. If the market is proving you wrong, get out.


So... Let me give you an example:

I get in at google stocks for $200. All my students were like.. SELL SELL SELL when it reached $300... So let's look at this:

I get in at $200, taking conventional wisdom, I should have sold at $300 and laughed all the way to the bank because I cut my profits short and let my losses run..

OR..

The twoblink way:

I get in at $200, it goes to $300, I get in again.. and again.. and again..

Guess who's making more money?

You've got Heidi, do you have sex with her once and say, I've had enough of that, let me go find Rosie?? Because that's what you are doing when you have a previous position that is now proving to be a winner and you dump it..
google:
  • #291
  • Jun 18, 2008 10:35am Jun 18, 2008 10:35am
Quoting twoblink
Actually Almo.. You are wronger than wrong.. If you are dating Heidi Klum right now; and then Jessica Alba and Rosie walk in.. why in the world would you dump Heidi??

The CORRECT thing to do is to hold on to Heidi, and try to hook up with Jessica as well..

ROTFLMAO!

Yes, you are quite correct! Having never had the fortune of being Hugh Hefner, this thought never occurred to me .


Obviously, your example of Google proves your point as well. Thanks for your insight!
  • #292
  • Jun 18, 2008 11:32am Jun 18, 2008 11:32am
Quoting zoopy
Raz, I think your journal is about to become the most viewed journal on forex factory
trust twoblink to come up with an analogy like HEIDI KLUM for Gods sake! Well done ehhhh
Never say never.
  • #293
  • Jun 18, 2008 11:48am Jun 18, 2008 11:48am
Quoting razldazl
trust twoblink to come up with an analogy like HEIDI KLUM for Gods sake! Well done ehhhh
lol.

So how do you like the movement on euro today? Are you falling asleep yet? I think we've seen a movement of around 10-15 pips for the past 12 hours or so
  • #294
  • Edited 11:53am Jun 18, 2008 11:52am | Edited 11:53am
Quoting zoopy
lol.

So how do you like the movement on euro today? Are you falling asleep yet? I think we've seen a movement of around 10-15 pips for the past 12 hours or so

I'm expecting a 50 pip rise over the next 3 hrs, FWIW.


Currently trading at 1.5512
  • #295
  • Jun 18, 2008 11:56am Jun 18, 2008 11:56am
Quoting zoopy
lol.

So how do you like the movement on euro today? Are you falling asleep yet? I think we've seen a movement of around 10-15 pips for the past 12 hours or so
Did you say something? I must have dozed off zzzzzz
Never say never.
  • #296
  • Jun 18, 2008 8:35pm Jun 18, 2008 8:35pm
you got me raz!! just having some fun. this thread is starting to rival cesars thread with the hot women

too bad both of those women have men in their lives. gotta put the single women's pic up here
  • #297
  • Jun 19, 2008 11:18am Jun 19, 2008 11:18am
So..

Let's say you've got a winning position, we will liken it to dating Elizabeth Hurley.

http://www.chinadaily.com.cn/lifesty...4527278779.jpg

Now you are soooo excited because you are making money!!

So what do you do?? Well, if you are a stupid british guy with a bad accent and bad teeth, (or the average FF member) then of course you go and sell your position!! Yah!! If you are right and you close out your position, you are basically giving up Elizabeth Hurley to date a hooker!!

http://img2.timeinc.net/ew/dynamic/i...824/hugh_l.jpg

And you'd be named Hugh Grant.

I have NO NO NO __NO__ idea how this is the most basic of concepts yet a whole 99% of the entire investing world does the opposite.

Buy on up, Sell on down; date the super model, avoid the junkie hooker.

How difficult really??

And you pay through the nose for books and e-books and seminars by stupid people who know nothing about investments who teach you to Dump Heidi and date Rosie, or dump Liz Hurley and date a hooker and get arrested and go to jail..

Now do you see why I'm so bitter? Stupidity and the people who incubate stupidity makes me angry..
google:
  • #298
  • Jun 19, 2008 1:19pm Jun 19, 2008 1:19pm
Albert, you totally crack me up. Some of us are learning though eh
Never say never.
  • #299
  • Jun 19, 2008 6:02pm Jun 19, 2008 6:02pm
two blink, people are sheep, follow the herd, the herd knows where to go. you hear a good speech or read a book by a "successful" trader, and you are on your way to untold riches. ask the people who tried to flip houses the last 2 years in the u.s.!!! and the best part is that all of the colleges in the u.s. are filled with these same people teaching the next generation.

God bless the U.S.A.
  • #300
  • Jun 20, 2008 9:15am Jun 20, 2008 9:15am
Quoting mtrmth
two blink, people are sheep, follow the herd, the herd knows where to go. you hear a good speech or read a book by a "successful" trader, and you are on your way to untold riches. ask the people who tried to flip houses the last 2 years in the u.s.!!! and the best part is that all of the colleges in the u.s. are filled with these same people teaching the next generation.

God bless the U.S.A.

I don't think the average trader is part of the herd. Traders may have herd-like qualities (i.e. using indicators that everyone else does) , but the very fact that they are trading forex already puts them in front of the herd. Most folk still don't/won't trade for themselves.

To me , Herd mentality is doing the buy & hold for your 401. Basically praying that the person in front , running the show, is smarter than you are. IMO, anyone that doesn't maintain their 401 holdings are asking for a good fanny whippin'.



Hope all of you were in on the Euro move.
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