"Millionaires don't use astrology, billionaires do"
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #114,201
- Sep 16, 2008 9:26am Sep 16, 2008 9:26am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
- #114,204
- Sep 16, 2008 9:29am Sep 16, 2008 9:29am
- | Membership Revoked | Joined Jun 2007 | 3,782 Posts
pakute seems to be from d yoruba tribe. Do u have african roots?
Under my name, the 'Pakute" Trader comes from Naijfx on another thread:
"I know alot of people will be wondering wot's the meaning of the word 'Pakute', well, pakute is the ancient African trap set in the forest for bush meat(squirrel, antelope, etc)
U wait patiently for bush meat to come near it and be trapped, u don't run after them in the thick (forex) forest so that you don't fall prey to bigger wild animal's trap(Institutional investors) or fall into your traps.
Pakute that is well set will catch bush meat, only if we can have patience, for the thick forest(forex) is full of bush meat, u can see them every where running so fast and good HUNTERS will catch as many as possible with their pakute."
Another trader on another forum talked about the troll on the bridge. You set up your trolls & then just wait for price to cross. When it does you collect your toll (pips).
Whatever analogy works for you & helps keep you waiting for the setup to come to you, instead of going after it.
Or you could just take 2 of karmo's patience pills
- #114,205
- Sep 16, 2008 9:30am Sep 16, 2008 9:30am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #114,206
- Sep 16, 2008 9:30am Sep 16, 2008 9:30am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Me too, I'm out until there is a major retracement upwards or a strong committment to the lower levels in which case I will short the rallies again.
I think we may see a somewhat strong (and very fake) move back up today .. but what do I know?
I am buying the dips today based on the bullish div holding 5 min charts .... as long as 186.80 holds we go to 188.27
Blogging daily now at www.volume.zone
- #114,207
- Sep 16, 2008 9:31am Sep 16, 2008 9:31am
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #114,208
- Sep 16, 2008 9:32am Sep 16, 2008 9:32am
- Joined Aug 2007 | Status: Trader | 2,616 Posts
I guess everyone is waiting for the FOMC. Lets take guess's on what to expect. IMO FED is going to stay steady with the rates cause all the rate cuts in the past few months have not done anything but worsen the situation. However with OIL prices down there maybe a surprise. other scenario would be they come out with a dovish statement and that would tumble the dollar to the drain. On the other hand to shore up the market and give a false sense of reassurement they will be hawkish and keep lying to us and say economy is doing awesome. If its dovish I think GU will shoot up GJ with it and shoot up. If its hawkish then UJ is going to shoot up GJ. USD is going to kill all the other major pairs in the short and medium terms. 
- #114,209
- Sep 16, 2008 9:33am Sep 16, 2008 9:33am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Yeah .. but 220 it's just too optimistic ..
does not matter if 220 is hit or not .. even if it goes to 200 can you imagine the swap he will be getting everyday ?
Blogging daily now at www.volume.zone
- #114,210
- Sep 16, 2008 9:35am Sep 16, 2008 9:35am
I guess everyone is waiting for the FOMC. Lets take guess's on what to expect. IMO FED is going to stay steady with the rates cause all the rate cuts in the past few months have not done anything but worsen the situation. However with OIL prices down there maybe a surprise. other scenario would be they come out with a dovish statement and that would tumble the dollar to the drain. On the other hand to shore up the market and give a false sense of reassurement they will be hawkish and keep lying to us and say economy is doing awesome. If its dovish I think GU will shoot up GJ with it and shoot up. If its hawkish then UJ is going to shoot up GJ. USD is going to kill all the other major pairs in the short and medium terms.
No rate cut if the AIG situation is cleared up.
.25 if not.
Just my 2 pips.
B
- #114,211
- Sep 16, 2008 9:37am Sep 16, 2008 9:37am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #114,213
- Sep 16, 2008 9:41am Sep 16, 2008 9:41am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #114,214
- Sep 16, 2008 9:51am Sep 16, 2008 9:51am
Under my name, the 'Pakute" Trader comes from Naijfx on another thread:
"I know alot of people will be wondering wot's the meaning of the word 'Pakute', well, pakute is the ancient African trap set in the forest for bush meat(squirrel, antelope, etc)
U wait patiently for bush meat to come near it and be trapped, u don't run after them in the thick (forex) forest so that you don't fall prey to bigger wild animal's trap(Institutional investors) or fall into your traps.
Pakute that is well set will catch bush meat, only if we can have patience, for the thick forest(forex) is full of bush meat, u can see them every where running so fast and good HUNTERS will catch as many as possible with their pakute."
Another trader on another forum talked about the troll on the bridge. You set up your trolls & then just wait for price to cross. When it does you collect your toll (pips).
Whatever analogy works for you & helps keep you waiting for the setup to come to you, instead of going after it.
Or you could just take 2 of karmo's patience pills
Hey Tradestar; i know i would see your ass lurking around here;I caught you red handed.You left your guys to come here....lol
- #114,218
- Sep 16, 2008 9:57am Sep 16, 2008 9:57am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #114,220
- Sep 16, 2008 10:10am Sep 16, 2008 10:10am
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
FOMC is going to be the trigger for longs imvho. They can't let this market down, even if they cut they'll say some bullish crap or some crap that is construed as bullish by the Wall St morons 
Patience + Humility + Study = Success