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  • #34,061
  • Sep 25, 2008 9:27am Sep 25, 2008 9:27am
Quoting psiholog
so yeah....youd think id be rich by now right?...sadly i dont even have that 5k algirdas mentions....ah the pains of being young....soon enough though..first million here i come...before im 30!
Why the drop and how do you catch a falling knife?
Forex Price Action Hacked - Price Action Rockstar
  • #34,062
  • Sep 25, 2008 9:27am Sep 25, 2008 9:27am
Quoting kasper
I had that starting, actually invested more than that right now. too bad I lost it all and i'm currently clawing my way to break even.
i lost around 4thousand up until a few months ago since i started...burned 1k in less then 2 weeks...8dollar pips was not smart at all haha....anyways...i am trading on borrowed money right now and have strict rules....you could say i too am clawing my way to independence...
Different opinions highly valued, ignorant to slander.
  • #34,063
  • Sep 25, 2008 9:28am Sep 25, 2008 9:28am
Quoting sdapastor
intervention, unbelievable...
The bailout?

You mean you didn't know about that?

  • #34,064
  • Sep 25, 2008 9:32am Sep 25, 2008 9:32am
Quoting psiholog
i lost around 4thousand up until a few months ago since i started...burned 1k in less then 2 weeks...8dollar pips was not smart at all haha....anyways...i am trading on borrowed money right now and have strict rules....you could say i too am clawing my way to independence...
oh .. well .. a lot more than you my friend, that's all I'll say. I have a lot of ground to make up.
  • #34,065
  • Sep 25, 2008 9:34am Sep 25, 2008 9:34am
Quoting psiholog
i dont think the majority of you guys understand whats going on right now. its simple, put away your charts put away your indicators put away all that makes sense. only consider this. the bailout plan is supposed to destroy the value of the dollar but it hasnt done so yet. the world is waiting for the result of the bailout plan, how it gets finalized (maybe it will help the dollar..to be seen). until then this pair wont go anywhere except remain in the same tight range its been in for the past 48 hours. that range is 1.4650-1.4700...any movement beyond those points right now are spikes and should be treated as such...opportunities to sell if above 1.47 or opportunities to buy if below 1.4650. no real breakout will occur until 1.4750 or 1.4600 gets broken DECISIVELY.
I posted that 11hours ago....there is no falling knife or break up or w/e...just that for now
Different opinions highly valued, ignorant to slander.
  • #34,066
  • Sep 25, 2008 9:34am Sep 25, 2008 9:34am
Quoting sdapastor
no, just angry that news in US sucks and yet it gets stronger. In the past when news is bad Euro gets stronger. This is just a manipulation some how some way and makes no sense at all.
Right before the drop ...

Quoting LuckyLurker
House close to reaching a deal on bailout.

Thats news.
Nothing else matters
USD Est Non Mortuus
  • #34,067
  • Sep 25, 2008 9:35am Sep 25, 2008 9:35am
Acumen, you are really quite humor. Ofcourse I know that. I wouldn't categorize that as intervention. Since he said intervention, that's why I am courious. I thought it was something esle. Also thanks for asking, I did post I lost 20 pips on that long. But still up 10 pips for the day. Nothing at all, I know but still winner that's what's count.

Quoting acumen
The bailout?

You mean you didn't know about that?

  • #34,068
  • Sep 25, 2008 9:39am Sep 25, 2008 9:39am
Quoting Z3iz3i
This screw up in US economy is just showing small signs whats lying ahead. It went wrong and it went pretty bad. Taxpayers are jumping with joy.

I just wonder how long dollar keeps afloat and Fed bruteforce to make EUR go down.
I was thinking... how long can the zone continue to ignore the deterioration taking place in the majority of it's largest players.

About another week I'm guessing.

I smell a cut... or at least a dovish bias... and you know what that means.
  • #34,069
  • Sep 25, 2008 9:39am Sep 25, 2008 9:39am
Quoting acumen
I was thinking... how long can the zone continue to ignore the deterioration taking place in the majority of it's largest players.

About another week I'm guessing.

I smell a cut... or at least a dovish bias... and you know what that means.
dive captain! dive!
  • #34,070
  • Sep 25, 2008 9:41am Sep 25, 2008 9:41am
Quoting SeaPip
Acumen, you are really quite humor. Ofcourse I know that. I wouldn't categorize that as intervention. Since he said intervention, that's why I am courious. I thought it was something esle. Also thanks for asking, I did post I lost 20 pips on that long. But still up 10 pips for the day. Nothing at all, I know but still winner that's what's count.
When I post something and I'm wrong - jump all over my azz.

No harm intended.
  • #34,071
  • Sep 25, 2008 9:45am Sep 25, 2008 9:45am
Why is it always FED intervention strong arming the markets when EU goes down? Is the ECB doing something to it when it goes up. I don't hear that call.

How about sentiment has changed that EuroZone economies are slowing faster than the US.

And the fact that among banks with subprime mess UBS is one of the ones at the top.

Trillions are exchanged continously to do with world trade and not speculation. Goods and services have to be paid for.

Just because the markets do the opposite of what you think does not mean it is rigged.
  • #34,072
  • Sep 25, 2008 9:50am Sep 25, 2008 9:50am
Quoting psiholog
i lost around 4thousand up until a few months ago since i started...burned 1k in less then 2 weeks...8dollar pips was not smart at all haha....anyways...i am trading on borrowed money right now and have strict rules....you could say i too am clawing my way to independence...
i would advise you not to do that, trade on borrowed money...
the first rule of investing is to trade with money you can afford to lose. can you afford to lose that borrowed money ?

anyway, that is a strict rule i abide by, and would suggest it to anyone, it removes a huge stress factor.
Twitter: @forexpokerpro
  • #34,073
  • Sep 25, 2008 9:52am Sep 25, 2008 9:52am



Quoting acumen
When I post something and I'm wrong - jump all over my azz.

No harm intended.
  • #34,074
  • Sep 25, 2008 9:53am Sep 25, 2008 9:53am
i see EUR trying to reenter the triangle [on my chart]. time to find out if this was a false breakout or not.
  • #34,075
  • Sep 25, 2008 9:54am Sep 25, 2008 9:54am
Quoting BBPI_fxtrader
i would advise you not to do that, trade on borrowed money...
the first rule of investing is to trade with money you can afford to lose. can you afford to lose that borrowed money ?

anyway, that is a strict rule i abide by, and would suggest it to anyone, it removes a huge stress factor.
youve seen my posts. you see my accuracy...you see how well im doing...trust me i am not losing anything especially since i eliminated emotions from my game...its just that things should be g oing faster for me and that frustrates me haha....ill have my own money off the profits im making soon enough no worries
Different opinions highly valued, ignorant to slander.
  • #34,076
  • Sep 25, 2008 9:54am Sep 25, 2008 9:54am
Quoting SunTrader
Why is it always FED intervention strong arming the markets when EU goes down? Is the ECB doing something to it when it goes up. I don't hear that call.

How about sentiment has changed that EuroZone economies are slowing faster than the US.

And the fact that among banks with subprime mess UBS is one of the ones at the top.

Trillions are exchanged continously to do with world trade and not speculation. Goods and services have to be paid for.

Just because the markets do the opposite of what you think does not mean it is rigged.
Refreshing...
  • #34,077
  • Sep 25, 2008 9:59am Sep 25, 2008 9:59am
GU up 200 pips, now back down 200 pips to where it started the day.

Might make a EU long think twice.
  • #34,078
  • Sep 25, 2008 9:59am Sep 25, 2008 9:59am
Quoting acumen
Refreshing...
To SunTrader.
Up or down, gimme a ticket
  • #34,079
  • Sep 25, 2008 10:02am Sep 25, 2008 10:02am
Quoting kasper
i see EUR trying to reenter the triangle [on my chart]. time to find out if this was a false breakout or not.
i dont think it is a false breakout. pretty soon it should move lower. with investor again finding some confort on the $700B bailout. i think the congress is under pressure to pass the bill or they might be held responsible farther worsening in the us economy. $700B could move the euro lower if the bill is passed
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #34,080
  • Sep 25, 2008 10:03am Sep 25, 2008 10:03am
Quoting psiholog
youve seen my posts. you see my accuracy...you see how well im doing...trust me i am not losing anything especially since i eliminated emotions from my game...its just that things should be g oing faster for me and that frustrates me haha....ill have my own money off the profits im making soon enough no worries
well then keep doing what you do
Twitter: @forexpokerpro
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