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  • #70,761
  • Mar 3, 2009 8:12pm Mar 3, 2009 8:12pm
Quoting Jay Walker
Corporations, CEO's and free market capitalism in general are good.

And I consider myself a liberal.

What is bad is government intervention. Let the market decide. In the end, free market should be a meritocracy and as such, bad banks and crappy car manufacturers shouldn't be propped up.
I really liked you.

NOT A BED WETTING LIBERAL.

Oh well... I'll hold myself to the previous post on judging on contributions not on ideals.

  • #70,762
  • Mar 3, 2009 8:13pm Mar 3, 2009 8:13pm
Quoting acumen
So he's glad he's not an American and to be honest... on this thread no one should really care.

We should judge everyone by what they contribute to the trading community not on what his ideals or beliefs are.

I'm an American and I wouldn't want to be anywhere else... well... maybe on an Island with several Brazilian and Swedish models... but that's it.

m
Hey Acumen. On a side note I actually own a company in Switzerland called Acumen....and agree with most of your projections...

...don't let me down man!
  • #70,763
  • Mar 3, 2009 8:14pm Mar 3, 2009 8:14pm
Quoting miketodd
Acumen, with your PP analysis, I don't think it would be in anyone's best interest to dispute your stats... Good to see you here on the forum...
But please don't trade it.

I'd bet on on .2520 because it will hit a trend line but the way price is reacting lately... my azz is on the sidelines.

m
  • #70,764
  • Mar 3, 2009 8:14pm Mar 3, 2009 8:14pm
Quoting acumen
Keep in mind that price will move to the PP during any give trading day 70% of the time no matter where the day begins.

So... my PP is at .2586.

Anyone want to bet against my statistic?
I won't 'Bet' but I would speculate that you may find yourself 30P short of #.##86.

Not Trading to it though. I'm already short.

  • #70,765
  • Mar 3, 2009 8:14pm Mar 3, 2009 8:14pm
Quoting Jay Walker
Corporations, CEO's and free market capitalism in general are good.

And I consider myself a liberal.

What is bad is government intervention. Let the market decide. In the end, free market should be a meritocracy and as such, bad banks and crappy car manufacturers shouldn't be propped up.
A liberal who doesn't believe in big government? And who doesn't think the government should intervene in Capitalist failures? Look out my friend...your leaning toward my side
  • #70,766
  • Mar 3, 2009 8:15pm Mar 3, 2009 8:15pm
it's touching weekly support & may fall to montly support.
  • #70,767
  • Mar 3, 2009 8:16pm Mar 3, 2009 8:16pm
Quoting lataliano
Hey Acumen. On a side note I actually own a company in Switzerland called Acumen....and agree with most of your projections...

...don't let me down man!
I've never been there but man do they have some gorgeous women.

m
  • #70,768
  • Mar 3, 2009 8:16pm Mar 3, 2009 8:16pm
Quoting zzainol
it's touching weekly support & may fall to montly support.
i don't think so
ROBOT FOREX
  • #70,769
  • Mar 3, 2009 8:21pm Mar 3, 2009 8:21pm
Quoting Doniboy
Agree Acumen, I don't want to talk politics when I would rather be discussing pips, I just love my country and don't really enjoy reading ignorant insults. I don't mind disagreeing with others on ideology, I am used to it, but when people just attack the USA for no reason I find it tough to hold my tongue.
I agree.... however...

I'll still read his posts and comments.

m
  • #70,770
  • Mar 3, 2009 8:21pm Mar 3, 2009 8:21pm
hopping not too but looking at the chart , look like still bearish. looking up for closing the gap.
  • #70,771
  • Mar 3, 2009 8:22pm Mar 3, 2009 8:22pm
Quoting zzainol
hopping not too but looking at the chart , look like still bearish. looking up for closing the gap.

Ahhh which gap are you referring to because by my charts the gap has been filled from this weeks opening.
  • #70,772
  • Mar 3, 2009 8:22pm Mar 3, 2009 8:22pm
Quoting altrader
Yeah 1% loss is generally what i risk for each trade. It's taken me awhile but I think I'm finally begining to understand just how important money management is.
Just to add. Many Many years ago when I used to work for KPMG management consulting unit, a guy walked into my office, sat in front of me and expressed his desire to open a Gold Importing Company. I asked what the profit margin was. He replied "1%". I smiled. He said "It takes 24 hours to buy gold from Dubai and sell in South Asian market. First, It is gold, second, there are 365 days in a year.You do the risk assessment and math."
The Thief of Wall Street
  • #70,773
  • Mar 3, 2009 8:24pm Mar 3, 2009 8:24pm
Quoting Forbes55
I closed long maybe too early as always, but if fall again I'll buy it again
I wish I entered more lot
If you made money there's no such thing as closing a trade too early.

m
  • #70,774
  • Mar 3, 2009 8:25pm Mar 3, 2009 8:25pm
Quoting Doniboy
Wow, this is unfortunate because I was enjoying reading your insights during today's trading . But anyway...Typical liberal. No defense to the statement, instead have to accuse me of plagiarizing Rush Limbaugh (Who I have heard maybe twice in my life)....I get it, I understand your position...all corporations, banks, and CEO's are evil...they are the cause of all problems in the world...MAybe you'll get your wish and they will go away forever..then everything will be great...right????
sorry to surprise you but i have a unique position.. im not liberal im a business owner and have been over 25 years.. im independent.. but call a spade a spade. i made lots of money last down cycle as i will on this one.. the last one was from the rtc.. after the last melt down in housing..it was goverment welfare just like this one will be.. the banks screwed up then (little deregulation) and they did it now (more deregulation)..im one of the terrible speculators.. like the ones who built this country.. oh by the way the last housing meltdown was late eighties early ninetys. i dont recall who was in office then but if you like ill figure it out.. it was right around the first iraq war... .. and if your correct with the jimmy carter comment . i do think you had time to correct it since you controlled all 3 bodies of gov for 6 years straight.then bragged at the state of the union address about percentage of home ownership...anyway i like getting some of that gov corp welfare where i bought houses for a 1 dollar... and this time i got plenty of dollars lined up..at taxpayers expence .i almost bought one from the bank neil bush screwed taxpayers on but was under bid... thanks for the welfare program..
those who can, do. those who cant, talk about those who can
  • #70,775
  • Mar 3, 2009 8:25pm Mar 3, 2009 8:25pm
I need now only one thing - eurgbp to go up a bit too!
ROBOT FOREX
  • #70,776
  • Mar 3, 2009 8:26pm Mar 3, 2009 8:26pm
Quoting Doniboy
Wow, I just wanted to read some Forex information and maybe learn something but instead I got sucked into reading people bad-mouth my country.

To the guy who said we're stupid and the guy who said he's glad he's not American. It sounds like a little jealousy..believe me, we're glad you're not one of us too.

To those of you blaming corporate America for all that is going on with the economy, I suggest you stop watching Keith Olberman. You people are supposed to be capitalists for God's sake! If you want to trace the beginnings of this crash...
Couldn't have said it better. I get so tired of U.S bashing, its such bulls**t. I wasn't born in this country but it is my home and I love it even with all its faults. I wish people would stop associated good, hardworking American people with corrupt politicians, current and past administrations, or money hungry wall street tycoons robbing the innocent of their life savings. Simple minded individuals that automatically hate Americans because of what they see on the evening news should try getting on a plane, coming over, and get to know some of us before they start bashing all of us. We're here in this together, however we got here.
  • #70,777
  • Mar 3, 2009 8:28pm Mar 3, 2009 8:28pm
Quoting GrnEydGuy
Ahhh which gap are you referring to because by my charts the gap has been filled from this weeks opening.
oopp sorry , gap closed yesterday. btw still need eur to go up & short again.
  • #70,778
  • Mar 3, 2009 8:28pm Mar 3, 2009 8:28pm
1.2500 is broken but has recovered em back.

I would not be calling big trades today; its kinda dangerous to short below 1.2450 or go long at those levels too. but will start shorting above 1.2540.

be careful of option defenses though. these will cause whipsaws
  • #70,779
  • Mar 3, 2009 8:30pm Mar 3, 2009 8:30pm
Quoting Bemac
I won't 'Bet' but I would speculate that you may find yourself 30P short of #.##86.

Not Trading to it though. I'm already short.

Like I said... I would not trade it... and of course there's that 30%.
  • #70,780
  • Mar 3, 2009 8:33pm Mar 3, 2009 8:33pm
Quoting Code4Capital
Majority of the bad loans were given out of by the government and bought by private companies and the bad loans that originated in private banks were caused by real estate agents helping them lie.
First of all the real estate agents had nothing to do with it. People would have bought with or without real estate agents and frankly a lot of them did by owner instaed of paying professionals and ended up over paying. Second, the government agencies such as Fannie and Freddie buy loans from banks and lenders to free up credit so more loans could be made. Bad loans were made by lowlife lenders to people that had no business buying in the first place. Finally wall street packaged it up and sold it to whatever country or entity would buy. Lets get that straight, shall we? And here we are.
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