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  • #29,481
  • Sep 11, 2008 1:54pm Sep 11, 2008 1:54pm
Quoting Algirdas
EUR/USD
EUR/USD looking Intraday Long, but Hold all old Shorts.
http://4.bp.blogspot.com/_nmIuQsC9b-...R_USD+Spot.pnghttp://1.bp.blogspot.com/_nmIuQsC9b-...R_USD+Spot.png
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  • #29,482
  • Sep 11, 2008 1:59pm Sep 11, 2008 1:59pm
any idea on this guys,,,,,,,,usd bulls have hit the reversal rock as the currency seems to be oversold,,,,,,so with the divergence on the macd one can say that sooner or later say next week ,,,we shld see price head back up north,,,,,,,,but guys,,,,lets enjoy the south ride while its last.....
  • #29,483
  • Sep 11, 2008 2:00pm Sep 11, 2008 2:00pm
Quoting LuckyLurker
did Trichet even talk? i see nothing on the wires about it.
Haven't heard anything, but was annouced by FF like last saturday, the same history, nothing happend.
  • #29,484
  • Sep 11, 2008 2:04pm Sep 11, 2008 2:04pm
Quoting perebeks
any idea on this guys,,,,,,,,usd bulls have hit the reversal rock as the currency seems to be oversold,,,,,,so with the divergence on the macd one can say that sooner or later say next week ,,,we shld see price head back up north,,,,,,,,but guys,,,,lets enjoy the south ride while its last.....
Where is the divergence on macd that some people are talking about? I just can't see it. Some people were talking about daily which definitely has not divergence.

edit: okay hourly has a small divergence, is that what you are talking about?
  • #29,485
  • Sep 11, 2008 2:12pm Sep 11, 2008 2:12pm
Quoting psiholog
enough to not blow my account anymore...havent worked in 4 months ...wont say exact figures because some people in here make thousands per day and i cant even compare (jealousy)..its sad because i do good (get 100+pips a day easy just eur/usd) but its hard to make a fortune out of low equity...takes time...i didnt quit school though because i was doing well...i quit because i can apply my passion psiholog(psychologist) to the markets instead of wait 7+years more for a phd degree

my only weakness relating to the market is that im highly impulsive still....i see a pattern going on....clearly identify highs/lows/breakout points..yet i end up buying/selling somewhere in the middle anyways to get stopped out later instead of waiting for confirmation of a break or a bounce off resistance/support. in other words some days turn into 100+pips profit followed by 100+pips minus.



Edit:regarding a phd degree in psychology....heres a question for you....work whenever from wherever in the world..travel..home..w/e...or from an office all day helping ppl who cant be helped anyways?
Psychology degree is a waste of time and energy unless you get your PhD and only then can you apply it. Otherwise it is an easy degree that individuals who struggle academically get only to find that when they get their undergrad degree they make good shoe salesmen or assistant managers at the local grocery because they "work good with employees." you saved yourself a lot of grief and wasted effort. I am a counselor, a BSW degree and that is where it is at. Tons of jobs, especially with a sinking economy. I should get my MSW but was called to be something else. Forex is profitable, just trying to talk my wife into letting me do it full time. Not having much luck there but I think I am wearing her down . She says "show me the money, show me the money" Its coming babe, its coming...
  • #29,486
  • Sep 11, 2008 2:21pm Sep 11, 2008 2:21pm
Quoting sdapastor
Psychology degree is a waste of time and energy unless you get your PhD and only then can you apply it. Otherwise it is an easy degree that individuals who struggle academically get only to find that when they get their undergrad degree they make good shoe salesmen or assistant managers at the local grocery because they "work good with employees." you saved yourself a lot of grief and wasted effort. I am a counselor, a BSW degree and that is where it is at. Tons of jobs, especially with a sinking economy. I should get my MSW but was called to be something else. Forex is profitable, just trying to talk my wife into letting me do it full time. Not having much luck there but I think I am wearing her down . She says "show me the money, show me the money" Its coming babe, its coming...
hehe....yep agreed...im not the kind of person to counsel either....or help others anymore...i have come to realize my need to help others with their problems was me only trying to help myself...no one can be helped by others only by themselves....i have no woman in my life for now...im quite young so as ichigo kurasaki would say in an anime most of you dont watch, "my resolve is strong"

Edit:the market is dead....coming back asian session....nap time
Different opinions highly valued, ignorant to slander.
  • #29,487
  • Sep 11, 2008 2:33pm Sep 11, 2008 2:33pm
Quoting psiholog

Edit:the market is dead....coming back asian session....nap time
Market is never dead, just some markets are. Lehman just dropped below 4 (I have been shorting since 16.33 )
  • #29,488
  • Sep 11, 2008 2:37pm Sep 11, 2008 2:37pm
psiholog and sdapastor... investing it might be profitable... after you learn how to do it and how to manage the risk.... but if I may give you an advice ( I might be your mother ) giving up school for forex is not really a smart decision... in my opinion.... if you want to do this job ... try to get a degree in economics... will help you to do much better what you want( forex) and is an alternative if for a reason you can't do this anymore.... I wish you to become very soon a good trader.... but good trader too can lose anything in onli 1 day.... and maybe you will not have other capital to work with.... in time.... you will see that you can invest on medium or long term, with good strategy.... without spending day and night in front of your pc like you do now.... I read that some of you don't sleep, others are affraid to go to take shower or making pee.... this is not the right way... you will be tired and high stressed.... if something wrong happens... you still have your salary.... you can pay bills, food and what else your family needs.... it's true... you are very young.... it might be a good experience.... but don't waist your time in this way.... try to have an alternative in case something wrong happens.... I work in finance from about 18 years.... but only from 2000 on stock exchange and 2-3 yers on forex.... few years ago.... I lost in few minutes about 30,000 euro.... part of this was my falt, part the market... but this is not the point.... I knew that was not over for me.... because at the end of month I had to take my salary.... and I knew that in few months I will be able to make back that money.... and like this it was.... but if you risk all and than you have no other money.... is not funny... sorry for beeng so annoying
  • #29,489
  • Sep 11, 2008 2:53pm Sep 11, 2008 2:53pm
anyone short???
  • #29,490
  • Sep 11, 2008 2:54pm Sep 11, 2008 2:54pm
Quoting Sole
psiholog and sdapastor... investing it might be profitable... after you learn how to do it and how to manage the risk.... but if I may give you an advice ( I might be your mother ) giving up school for forex is not really a smart decision... in my opinion.... if you want to do this job ... try to get a degree in economics... will help you to do much better what you want( forex) and is an alternative if for a reason you can't do this anymore.... I wish you to become very soon a good trader.... but good trader too can lose anything in onli 1 day.... and maybe you will not have other capital to work with.... in time.... you will see that you can invest on medium or long term, with good strategy.... without spending day and night in front of your pc like you do now.... I read that some of you don't sleep, others are affraid to go to take shower or making pee.... this is not the right way... you will be tired and high stressed.... if something wrong happens... you still have your salary.... you can pay bills, food and what else your family needs.... it's true... you are very young.... it might be a good experience.... but don't waist your time in this way.... try to have an alternative in case something wrong happens.... I work in finance from about 18 years.... but only from 2000 on stock exchange and 2-3 yers on forex.... few years ago.... I lost in few minutes about 30,000 euro.... part of this was my falt, part the market... but this is not the point.... I knew that was not over for me.... because at the end of month I had to take my salary.... and I knew that in few months I will be able to make back that money.... and like this it was.... but if you risk all and than you have no other money.... is not funny... sorry for beeng so annoying
you're not annoying. I agree with you wholeheartedly. I have a job still, get a paycheck, support my family, have my degree to fall back on if needed, but I don't spend all night and day in front of computer, I place small tickets and often walk away to live life. This is my second job as many people do have one. Sometimes I bring a paycheck home on this, sometimes I don't. But I trade more because I enjoy it. It is challenging and rewarding and it teaches me a lot about myself (greed, impatience, anger issues sometimes) Good advice, don't worry about me, I am established but only by God's grace and His blessings.

Have a nice day,
M
  • #29,491
  • Sep 11, 2008 2:56pm Sep 11, 2008 2:56pm
Quoting bksujal
anyone short???
yeah, can't go wrong short...
  • #29,492
  • Sep 11, 2008 2:57pm Sep 11, 2008 2:57pm
Quoting sdapastor
yeah, can't go wrong short...
gr8 wats ur target?
  • #29,493
  • Sep 11, 2008 2:57pm Sep 11, 2008 2:57pm
wow, what was that about?
  • #29,494
  • Sep 11, 2008 2:59pm Sep 11, 2008 2:59pm
Quoting bksujal
gr8 wats ur target?
3900
  • #29,495
  • Sep 11, 2008 3:02pm Sep 11, 2008 3:02pm
Quoting Sole
psiholog and sdapastor... investing it might be profitable... after you learn how to do it and how to manage the risk.... but if I may give you an advice ( I might be your mother ) giving up school for forex is not really a smart decision... in my opinion.... if you want to do this job ... try to get a degree in economics... will help you to do much better what you want( forex) and is an alternative if for a reason you can't do this anymore.... I wish you to become very soon a good trader.... but good trader too can lose anything in onli 1 day.... and maybe you will not have other capital to work with.... in time.... you will see that you can invest on medium or long term, with good strategy.... without spending day and night in front of your pc like you do now.... I read that some of you don't sleep, others are affraid to go to take shower or making pee.... this is not the right way... you will be tired and high stressed.... if something wrong happens... you still have your salary.... you can pay bills, food and what else your family needs.... it's true... you are very young.... it might be a good experience.... but don't waist your time in this way.... try to have an alternative in case something wrong happens.... I work in finance from about 18 years.... but only from 2000 on stock exchange and 2-3 yers on forex.... few years ago.... I lost in few minutes about 30,000 euro.... part of this was my falt, part the market... but this is not the point.... I knew that was not over for me.... because at the end of month I had to take my salary.... and I knew that in few months I will be able to make back that money.... and like this it was.... but if you risk all and than you have no other money.... is not funny... sorry for beeng so annoying
A good trader would never lose an account in one day.

A good trader would be well versed in MM and smart enough to walk away from this computer at some point.

You make some very good points here - but don't kill the dreams of traders wishing to trade for a living.

Every single person in my life... every one... said I would fail as a day trader. Every single person in my life... every one... was wrong.
  • #29,496
  • Sep 11, 2008 3:05pm Sep 11, 2008 3:05pm
Quoting acumen
A good trader would never lose an account in one day.

A good trader would be well versed in MM and smart enough to walk away from this computer at some point.

You make some very good points here - but don't kill the dreams of traders wishing to trade for a living.

Every single person in my life... every one... said I would fail as a day trader. Every single person in my life... every one... was wrong.
  • #29,497
  • Sep 11, 2008 3:10pm Sep 11, 2008 3:10pm
acumen.... was 15% of my account and I never said I'm a good trader.... my mistake was to let my pc on battery.... and this affect my stop loss... that's all.... and even a good trader ... at least once in his life.... had a serous loss... if you didn't.... what can I say.... lucky you.... I only wanted to underline to these young and brave fellows.... to do not bet all on only one number.... I'm glad to hear that sdapastor is keeping his job too... at 21 y.o. we all thought that we can be the best in something... and maybe we became or we will.... but in case we don't... we are not in the rain... what a petty you didn't get my point
  • #29,498
  • Sep 11, 2008 3:22pm Sep 11, 2008 3:22pm
Quoting Sole
acumen.... was 15% of my account and I never said I'm a good trader.... my mistake was to let my pc on battery.... and this affect my stop loss... that's all.... and even a good trader ... at least once in his life.... had a serous loss... if you didn't.... what can I say.... lucky you.... I only wanted to underline to these young and brave fellows.... to do not bet all on only one number.... I'm glad to hear that sdapastor is keeping his job too... at 21 y.o. we all thought that we can be the best in something... and maybe we became or we will.... but in case we don't... we are not in the rain... what a petty you didn't get my point
I said you made some very good points.

Loss - are you kidding.

My first three years in equities I lost 50K.

I got your point and I hope you got mine.

m
  • #29,499
  • Sep 11, 2008 3:22pm Sep 11, 2008 3:22pm
Quoting acumen
Every single person in my life... every one... said I would fail as a day trader. Every single person in my life... every one... was wrong.
Methinks you forgot to factor in "yourself" there, which means it should have read: "ALMOST every single person... was wrong."
FUBAR...
  • #29,500
  • Sep 11, 2008 3:23pm Sep 11, 2008 3:23pm
anybody seeing this go to 3999 sometime this evening? I am long, in positive a little but have tp at 3999. Is it possible in your estimation? What do you see. I don't have charts like you guys do, I am discretionary, but it is so slow now hard to tell anything. No momentum. What do you think Acumen? Thought with bad budget news, hurricane threatening would go up. Ideas, anyone?

M
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