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  • #38,841
  • Oct 10, 2008 11:15am Oct 10, 2008 11:15am
Quoting PipGal
Actually this is the smartest thing to do. I'm all cash.
I just started real trading after months of demo. I'm on microlots. I'm gonna let 1 or 2 open with stoploss at BE. I have 4 open right now. Of course not because I'm rich but because I'm microtrading. ))

edit: let me tell you, what politician can do for this mess? I mean we had massive bail out in the US, here in Italy Berlusconi is screaming about don't sell stocks and the market keep on going down like a giant rock. I think is very hard politicians and G7 can change the sentiment of market in a weekend. this is a start of a new era for my perspective, of course let's hope the world will never come back to fixed currencies
  • #38,842
  • Oct 10, 2008 11:18am Oct 10, 2008 11:18am
Quoting Algirdas
Hold 1/4 position as much as you can
Nice calls on the latest move. Are you using any software to estabish your pivot points or entry area?

How much of your method do you think is just a "feel" of the market?

Thanks for any comments you might have.

Shotshell
  • #38,843
  • Oct 10, 2008 11:26am Oct 10, 2008 11:26am
Oh wow.. I don't put much weight on what berlusconi says but he might also be that kind of a perosn who says something that's not meant to be public yet.

http://www.bloomberg.com/apps/news?p...BWM&refer=home
  • #38,844
  • Oct 10, 2008 11:31am Oct 10, 2008 11:31am
Quoting cobraforex
The actual PA is not a retracement of the last up move, I see on the 4H TF a possible 1-2-3 pattern that could bring us to 68.2 fib in the 1.33 area.
Was 13 hours ago, not bad at all
  • #38,845
  • Oct 10, 2008 11:31am Oct 10, 2008 11:31am
I think I would turn all my cash into marijuana now. Better safe then sorry.
Gravity always wins
  • #38,846
  • Oct 10, 2008 11:31am Oct 10, 2008 11:31am
Seriously anyone who isn't really and truly about the world we live in right now is crazy. This is a global meltdown. This is truly insane.

Frankly I'm really scared. About everything. How are we going to recover from this?
  • #38,847
  • Oct 10, 2008 11:33am Oct 10, 2008 11:33am
This is where we all get to make Billions
T.S.
  • #38,848
  • Oct 10, 2008 11:34am Oct 10, 2008 11:34am
From what is happening i think there'll be a 200 pips GAP DOWN when market reopen next week. Any comment !!!
  • #38,849
  • Oct 10, 2008 11:34am Oct 10, 2008 11:34am
Quoting cobraforex
Was 13 hours ago, not bad at all
Congratulations! Can you pleas post a chart to make it clear?
  • #38,850
  • Oct 10, 2008 11:35am Oct 10, 2008 11:35am
Quoting gagakrimba
From what is happening i think there'll be a 200 pips GAP DOWN when market reopen next week. Any comment !!!
i won't be suprised but 200 pips is a lot though. Lets see what happens this weekend
  • #38,851
  • Oct 10, 2008 11:35am Oct 10, 2008 11:35am
Quoting PipGal
Seriously anyone who isn't really and truly about the world we live in right now is crazy. This is a global meltdown. This is truly insane.

Frankly I'm really scared. About everything. How are we going to recover from this?
a long and hard process. we'll get the world back in shape, and then history will repeat itself. only took about 65 years for the great depression to repeat itself.

if you read some articles, the countries not heavily invested in the financial market will fare the best. so ... Africa will have the richest countries in the world?
  • #38,852
  • Oct 10, 2008 11:38am Oct 10, 2008 11:38am
Quoting PipGal
Seriously anyone who isn't really and truly about the world we live in right now is crazy. This is a global meltdown. This is truly insane.

Frankly I'm really scared. About everything. How are we going to recover from this?
Like Warren Buffet said (or something similar): when people are greedy, be scared, and when people are scared, be greedy

Hey the Great Depression was way worse and we made it through that. Calm and confidence will help us all through this.

Besides, you can still make pips!
  • #38,853
  • Oct 10, 2008 11:40am Oct 10, 2008 11:40am
I think it gonna close at its lowest.
  • #38,854
  • Oct 10, 2008 11:42am Oct 10, 2008 11:42am
Quoting TradeWell
Like Warren Buffet said (or something similar): when people are greedy, be scared, and when people are scared, be greedy

Hey the Great Depression was way worse and we made it through that. Calm and confidence will help us all through this.

Besides, you can still make pips!

I work in a hedge fund. I may not have a job on Monday if this continues.
  • #38,855
  • Oct 10, 2008 11:43am Oct 10, 2008 11:43am
Why the market suddenly gone mad ?
Anybody has any idea ?
  • #38,856
  • Oct 10, 2008 11:44am Oct 10, 2008 11:44am
Quoting Jay Walker
Me
Hey Jay, me too, but nothing bigger than 10 to 20% of original order size depending on where the entries were, and all stops and TP's removed. After this week, I can afford to experiment. My strong suspicion is that by next week, many of us will be looking for new borkers tho, and where we gonna go??

I'm getting real doubtful of the end of session shenanigans they'll be playing with us, starting with the spreads a few minutes ago going thru the roof on ibfx, to the platform freezes and related tricks. Closing down trades at best price I can get right now except for the sacrifices to be offered on the altar Sunday PM...

I bet they invoke every word of fine print on the account agreements when it comes time to reopen next week as well. Gonna be some hard lessons learned this weekend I'm afraid. Sunday evening will be to late to read them for the first time...
FUBAR...
  • #38,857
  • Oct 10, 2008 11:44am Oct 10, 2008 11:44am
the great depression had little impression on the top 1%... be one of them.
T.S.
  • #38,858
  • Oct 10, 2008 11:45am Oct 10, 2008 11:45am
Quoting PipGal
I work in a hedge fund. I may not have a job on Monday if this continues.
thats bad but then can u trade for urself in forex like be self employed?
  • #38,859
  • Oct 10, 2008 11:45am Oct 10, 2008 11:45am
Quoting T.s.
the great depression had little impression on the top 1%... be one of them.

LOL, good point. That lifted my spirits a little (even my 1000 pip gain today didn't do that).
  • #38,860
  • Oct 10, 2008 11:49am Oct 10, 2008 11:49am
Quoting bksujal
thats bad but then can u trade for urself in forex like be self employed?
I guess so
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