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  • #72,281
  • Mar 6, 2009 5:01am Mar 6, 2009 5:01am
Quoting Farstrider
It seems nobody knows why the EUR is up, however I'd like to share a small observation with you.

Usually the pa is directly correlated with the stocks pa. The different stock markets in Europe are themselves extremely correlated (just look at the graphs of DAX and CAC - prqacticly identical). However today the downpush in stocks affects E/$ pa very little, so my conclusion is hat there is a quite a strenght in the EUR and we are yet to see a push up. Besides the 1H downward channel is this time decisively broken.

Hope this is not just my mind...
Well, I am flat EURUSD now (hate NFP), but agree with your view. If, and that's a big if, we see turn in sentiment that pushes stocks higher, I am of the view we will see a major move to the upside in this pair.
  • #72,282
  • Mar 6, 2009 5:02am Mar 6, 2009 5:02am
Quoting gammase1
Your account tells a totally different story. Always be honest with yourself, remain humble and critical of your perceived, self-proclaimed abilities. You will then stand a good chance of getting there in the end, making a proper career from trading, rather than just talking about doing so.

I am not having a go at you, only offering critique to comments you made, which is the purpose of these public forums. I wish you luck in your journey ahead.

Best regards, Mr Ignorant
I have heard comments like this countless times before. Yet i will explain it again anyways. Most people who get into trading do demo at first. They take seminars...read books..watch videos...check out strategies out there...see what works and what doesnt. THis whole process may last years and cost alot more money then the few thousand i blew in my first year. Once they go live...all that time invested in demo and videos and so on still amounts to nothing..before long they blow their account anyways and most end up giving up forex.

My first trade was live. My second trade was live. My last trade was live. All my 3000-5000 trades were live. I did not watch any videos or go to seminars or purchase some book. I reinvented the wheel. TO make the wheel be round just like the first "inventors"...i had to smooth all the bumps out. One bump was money management..another was stop loss...another was controlling emotions and so on. The wheel is finally round for me. Not only that...how can a guy like me be 3000 pips up in november with 80-90% winning ratio and repeat this process last month with 800pips up in a nasty range where i picked all my entries carefullly. THis week has been rought for me. My ratio is roughly 65-70% winning but I still am close to 200pips for the week up. Am i a fluke? Am i destined to fail in the long run? No...it is only your kind of mentality which most people share that cannot see the truth. I wont even ask how much you lost when you first went live and how long it took you to be consistently profitable and making a decent living off forex only as youd probably lie anyways
Different opinions highly valued, ignorant to slander.
  • #72,283
  • Mar 6, 2009 5:03am Mar 6, 2009 5:03am
Quoting gammase1
Well, I am flat EURUSD now (hate NFP), but agree with your view. If, and that's a big if, we see turn in sentiment that pushes stocks higher, I am of the view we will see a major move to the upside in this pair.
уеt correction, later need to buy with targets 1,2820/40
{Promotion Removed}
  • #72,284
  • Mar 6, 2009 5:05am Mar 6, 2009 5:05am
Quoting dotweb.pl
Lately when we had bad news from US eurusd was going down making $ stronger, today few hours before NFP comes we had rapid move up, it could mean that we may have strong move down after those news. I`m not sure but what we are having today is strange.
I think it might have to do with yesterdays Euro interest cut, don't you think? Eastern european / Russian / Middle Eastern banks were probably to late to react to the news yesterday.

Maybe something like that?

Steve
  • #72,285
  • Mar 6, 2009 5:05am Mar 6, 2009 5:05am
Quoting psiholog
II wont even ask how much you lost when you first went live and how long it took you to be consistently profitable and making a decent living off forex only as youd probably lie anyways
Oooooooooooooooooooooooo do you feel better now?
In the days of old when sailors were bold, and seldom if ever contented.
  • #72,286
  • Mar 6, 2009 5:06am Mar 6, 2009 5:06am
Quoting psiholog
I have heard comments like this countless times before. Yet i will explain it again anyways. Most people who get into trading do demo at first. They take seminars...read books..watch videos...check out strategies out there...see what works and what doesnt. THis whole process may last years and cost alot more money then the few thousand i blew in my first year. Once they go live...all that time invested in demo and videos and so on still amounts to nothing..before long they blow their account anyways and most end up giving up forex.

My first trade...
Please, you don't have to explain or justify yourself to me, young fella.

As a sidenote, I never lie about my trading performance, or lack thereof, on these forums. I am too long in the tooth for that sort of thing, having worked in the financial markets since 1994 and trading full-time against my own capital since August 2007. Only this Monday I posted details of losses suffered from equity positions.

Good luck
  • #72,287
  • Mar 6, 2009 5:07am Mar 6, 2009 5:07am
Quoting dotweb.pl
Lately when we had bad news from US eurusd was going down making $ stronger, today few hours before NFP comes we had rapid move up, it could mean that we may have strong move down after those news. I`m not sure but what we are having today is strange.
Don't u think it works like that?
You sell the news then when the selling is done, u buy back!
  • #72,288
  • Mar 6, 2009 5:12am Mar 6, 2009 5:12am
Could we have a reverse shampoo forming on the 5 min?
  • #72,289
  • Mar 6, 2009 5:15am Mar 6, 2009 5:15am
Quoting gammase1
Please, you don't have to explain or justify yourself to me, young fella.

As a sidenote, I never lie about my trading performance, or lack thereof, on these forums. I am too long in the tooth for that sort of thing, having worked in the financial markets since 1994 and trading full-time against my own capital since August 2007. Only this Monday I posted details of losses suffered from equity positions.

Good luck
so it took you 13 years to get to the point of being able to trade with only your own capital. no wonder what i am trying to do seems impossible to you. that clarifies all and this discussion is no longer needed.
Different opinions highly valued, ignorant to slander.
  • #72,290
  • Mar 6, 2009 5:18am Mar 6, 2009 5:18am
Quoting psiholog
so it took you 13 years to get to the point of being able to trade with only your own capital. no wonder what i am trying to do seems impossible to you. that clarifies all and this discussion is no longer needed.
Nice try, young man.

I worked as a FX derivatives market-maker, specialising in originating and trading structured notes, for a leading house in London. It's what is commonly known as getting a good education followed by a relatively successful career. In June 2007, I took very early retirement and used my accumulated savings from bonuses to set myself up trading full-time, as well as providing professional advice for others, namely small corporates.

I shall now ignore you but will wish you continued luck and good fortune with your trading.
  • #72,291
  • Mar 6, 2009 5:18am Mar 6, 2009 5:18am
Quoting F.x.
Could we have a reverse shampoo forming on the 5 min?
all i see is a range in between 1.2700 which is slowly consolidating down towards a strong S/R level at 1.2625. No patterns that i notice here..just a range in expectation of the NFP data...where we go next..who knows which is why im currently flat as most of us im sure


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Different opinions highly valued, ignorant to slander.
  • #72,292
  • Mar 6, 2009 5:19am Mar 6, 2009 5:19am
Quoting gammase1
I did not need to rely on mom and pop to subsidise me.
good for you..neither did i other then the bed i sleep in

you are hilarious though...and as to why i say you are ignorant...it relates to your political comments you made earlier. it amazed me just how much you know absolutely nothing regarding american politics yet talked like you hold all the solutions. this is just in case you were wondering
Different opinions highly valued, ignorant to slander.
  • #72,293
  • Mar 6, 2009 5:20am Mar 6, 2009 5:20am
I think it's more useful if we concentrated on the Eur/Usd, as opposed to discussing how long who's been trading what.
  • #72,294
  • Mar 6, 2009 5:21am Mar 6, 2009 5:21am
what a surprise .... a bounce off 2665.... lol. If we break 2665 expect 2636 2605
Going to make it big by age 21.
  • #72,295
  • Mar 6, 2009 5:21am Mar 6, 2009 5:21am
Quoting psiholog
I have heard comments like this countless times before. Yet i will explain it again anyways. Most people who get into trading do demo at first. They take seminars...read books..watch videos...check out strategies out there...see what works and what doesnt. THis whole process may last years and cost alot more money then the few thousand i blew in my first year. Once they go live...all that time invested in demo and videos and so on still amounts to nothing..before long they blow their account anyways and most end up giving up forex.

My first trade...
Hi psi don't get charged up. what u do is good and great it works for you. I never traded demo since last month to test some new techniques. Always live before lost a few here and there but got them back eventually. My best advice is stick to your plan! For me I realised whenever I go astray I loose and we all know loosing is not what we are doing it for.
When I do a trade according to plan and its -pips I don't care as I know it will work the next time and even the loss out from before.
good trading and awesome that you got all that by yourself!
Trade on your own risk Plan your trade&trade your plan dont be a
  • #72,296
  • Mar 6, 2009 5:25am Mar 6, 2009 5:25am
Quoting psiholog
good for you..neither did i other then the bed i sleep in

you are hilarious though...and as to why i say you are ignorant...it relates to your political comments you made earlier. it amazed me just how much you know absolutely nothing regarding american politics yet talked like you hold all the solutions. this is just in case you were wondering
My views on American politics? Remember, things are never quite as they first appear.

Right, back to ignoring you.
  • #72,297
  • Mar 6, 2009 5:28am Mar 6, 2009 5:28am
Quoting forexmoments
I think it's more useful if we concentrated on the Eur/Usd, as opposed to discussing how long who's been trading what.
Yes, you are quite right.
  • #72,298
  • Mar 6, 2009 5:28am Mar 6, 2009 5:28am
Quoting waynkon
Don't u think it works like that?
You sell the news then when the selling is done, u buy back!
At this point i just dont know, i have seen some weird stuff going on. US isnt going well but so is Europe, there was cutting rates y-day but it was exacly as predicted 0.5. For me news about UK printing money is looking bad at this point and lowering rates wont help here. I dont know how about you guys but i have seen hiper inflation on my own eyes not like most of you only in books, and massive printing money is not going to help, same situation as in Japan giving cash to citizents ~100 USD / person. It wont help anyone. What can you do with 100 USD You can only go and buy basic stuff like food and after one shopping you dont have any more money.

I`m betting we will go down at least to last lows at 2475-2450.
  • #72,299
  • Mar 6, 2009 5:29am Mar 6, 2009 5:29am
Quoting Trading Cat
Hi psi don't get charged up. what u do is good and great it works for you. I never traded demo since last month to test some new techniques. Always live before lost a few here and there but got them back eventually. My best advice is stick to your plan! For me I realised whenever I go astray I loose and we all know loosing is not what we are doing it for.
When I do a trade according to plan and its -pips I don't care as I know it will work the next time and even the loss out from before.
good trading and awesome that you got all that by yourself!...
sorry to you and everyone else whom i have frustrated tonight. its just that ive been posting since august and have proven time and again my abilities as a trader and here comes this guy out of nowhere thinking i will amount to nothing. hell when i was gone at the end of december for a few weeks like 20 people sent me private messages asking where i was and if im coming back..thats how much my opinions are valued. there was even one guy who offered to fund me big time....hundreds of thousands..losses were his and profits we split....yet i refused as i dont want to fall into a "rely on others" trap.i dont have to post what i do yet i do it anyways..its a pleasure for me...sharing my ideas and comparing with others. the whole point of my "journey" was to show my path as a trader and maybe teach a lesson or two that others can avoid...it was in no way meant to be an attack on me and my abilities....ah well..guess im too naive
Different opinions highly valued, ignorant to slander.
  • #72,300
  • Mar 6, 2009 5:33am Mar 6, 2009 5:33am
................ A trader's self concept has to be separate from the trading. Who you are as a person began before you ever thought of trading and who you will be as a person will extend beyond your trading. When personal self-worth entwines with trading, it not only damages self esteem, it sabotages the trading....... Ruth Barron

Hope this help.. i dont mean to rant.
"Simplicity is the ultimate sophistication" leonardo da vinci
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