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  • #102,981
  • May 29, 2009 2:09pm May 29, 2009 2:09pm
Quoting shleimun
I think all the Senior Traders (or all traders in that matter) should post their accounts here (with mt4stats.com) so we can find out who to trust when they tell us to go long or short


Personaly, if one has not learned how to trade on their own, they are risking everything they have or ever will have...

Most forums are for entertainment, sharing ideas, or learning a different way to do the same thing that they have already learned.

This has been said and repeated hundereds if not thousands of times and yet they keep asking for validations.......
Warning, lack of trading is dangerous to your survival......
  • #102,982
  • May 29, 2009 2:10pm May 29, 2009 2:10pm
Quoting TheFisherman
Well, good night all. See you sunday 23 GMT. Good week end to all.

Well done! Have a great weekend and chat to you next week.

I have also made my last trade for this week but I'll continue to watch the PA for another hour.
  • #102,983
  • May 29, 2009 2:10pm May 29, 2009 2:10pm
Quoting shleimun
I think all the Senior Traders (or all traders in that matter) should post their accounts here (with mt4stats.com) so we can find out who to trust when they tell us to go long or short
Please tell me that was a joke.
  • #102,984
  • May 29, 2009 2:11pm May 29, 2009 2:11pm
Quoting notch
Short scalps are definitely not an option - IMHO - at the moment. PA is showing signs of continuation.

perhaps continuation is the wrong word. It is showing signs of testing the highs.

AtLast,
I have gone back to basics!
  • #102,985
  • May 29, 2009 2:14pm May 29, 2009 2:14pm
Quoting notch
Well done! Have a great weekend and chat to you next week.

I have also made my last trade for this week but I'll continue to watch the PA for another hour.
Yeah, now I'm just making some calculations and having some scalping fun on demo. Man, I suck at scalping big time. Ages before I'll do something good.

PP estimate for monday 1.4050 - 1.4080. Maybe lower depending on the close price. Best bullish scenario is close lower and put PP around 1.4020-4030 so it would be a nice breakout cover before resuming.

Best bearish/range scenario, 1.4080+
  • #102,986
  • May 29, 2009 2:14pm May 29, 2009 2:14pm
Quoting william5
I think i will try to be annoying here = boobs or tube....?????
Hey what ever happened to William1-4??
FUBAR...
  • #102,987
  • May 29, 2009 2:19pm May 29, 2009 2:19pm
got stoped out last night on short.. was up 240 at one point but gave lots of them back.. ended up + 5 for week ... kinda sucks.. i had a pending entry at 4174 short but it was missed.. ill let it run if hit.. for now with a reasonable tight sl.. if it doesnt hold i got next stop ay 4599...good luck..

one thing to think about is commodities... china is creating demand on commodities, demand raises prices there far makes dollar weak, since its what most are traded with. the billion dollar question is when will they stop or slow down...

weak dollar is killing the export countrys (so they buy less)...something has to give..china will slowdown when no body imports from them.. its hard to buy without a job..there is a equiliberim on commoditys vs. equitys..they go up together and crash together.. if and when who knows. commoditys had biggest jump in 30 yrs..

yes there are other forces weakening dollar.. but just like last time run up commodities went up as did equitys. then equitys stalled then started to slip as oil ect. continued north.. (like lately) but the euro continued north with oil ect... because commodities weaken dollar..then the fan hit the shit... we are closer to the ground this time.. look for the next bear and stearns... imfuo

good luck
those who can, do. those who cant, talk about those who can
  • #102,988
  • May 29, 2009 2:21pm May 29, 2009 2:21pm
Quoting notch
AtLast,
I have gone back to basics!
Basics is good. Less to clutter the mind, and so see that's it's all just down to managing risk.
  • #102,989
  • May 29, 2009 2:23pm May 29, 2009 2:23pm
Quoting shleimun
I think all the Senior Traders (or all traders in that matter) should post their accounts here (with mt4stats.com) so we can find out who to trust when they tell us to go long or short
Quoting shleimun
I have a stupid question please :-)

What does PA stand for?

Thanks
FF Member since Jan 2007... asking what PA stands for two and a half years later...

Can really tell you been busy studying all that time...
FUBAR...
  • #102,990
  • May 29, 2009 2:23pm May 29, 2009 2:23pm
Quoting gatorinla
got stoped out last night on short.. was up 240 at one point but gave lots of them back.. ended up + 5 for week ... kinda sucks.. i had a pending entry at 4174 short but it was missed.. ill let it run if hit.. for now with a reasonable tight sl.. if it doesnt hold i got next stop ay 4599...good luck..

one thing to think about is commodities... china is creating demand on commodities, demand raises prices there far makes dollar weak, since its what most are traded with. the billion dollar question is when will they stop or slow down...

weak...
Man, I'm short since I can't even remeber on SPX. Maybe 3 weeks now. Good thing I don't have to pay interest. For me it's just a matter of time. USD keeps equities alive. EUR breaking high after high and what do equities do? Lower high after lower high.

[EDIT] 04.05.2009 actually. around 880. Have done some long trades though during this period, but basically I am waiting a decent 750 at least.

Just wait until commodities and E/U turn around and then you'll see the truth. For many that listen to Wall Street crap it will come as a surprise: "Whoa! Didn't you say we're getting out of the hole already?"
  • #102,991
  • May 29, 2009 2:26pm May 29, 2009 2:26pm
Quoting gatorinla
one thing to think about is commodities... china is creating demand on commodities, demand raises prices there far makes dollar weak, since its what most are traded with. the billion dollar question is when will they stop or slow down...

good luck
The bazillion dollar question is: how much longer will the dollar last as the world's (commodity) reserve currency and, if/when that era ends, what will be left of the USA?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #102,992
  • May 29, 2009 2:30pm May 29, 2009 2:30pm
Quoting The Fool
The bazillion dollar question is: how much longer will the dollar last as the world's (commodity) reserve currency and, if/when that era ends, what will be left of the USA?
hmm 9am friday?? the world currency is oil...
those who can, do. those who cant, talk about those who can
  • #102,993
  • May 29, 2009 2:32pm May 29, 2009 2:32pm
Quoting The Fool
The bazillion dollar question is: how much longer will the dollar last as the world's (commodity) reserve currency and, if/when that era ends, what will be left of the USA?
usd will last at least a decade as a reserve currency i think. when china float yuan, then we can start to argue on this issue.
  • #102,994
  • May 29, 2009 2:35pm May 29, 2009 2:35pm
Quoting gatorinla
hmm 9am friday?? the world currency is oil...
yep i wrote some day ago here, one big factor on dollar weakness is oil. big guys are pushing oil prices high by weakening the dollar i think.
  • #102,995
  • May 29, 2009 2:35pm May 29, 2009 2:35pm
Quoting notch
Show me where I said I teach anyone to trade. i said that I would offer my forecasts...the forecast that I DON'T trade. You're the one who is misrepresenting me and I resent it. Please check your fact or find a good interpreter before you start to cast your ignorant dispersions.
im ignorant but whats dispersions... in responce write slow cause i cant read fast..
those who can, do. those who cant, talk about those who can
  • #102,996
  • May 29, 2009 2:36pm May 29, 2009 2:36pm
Ok - I'm outta here.

Gonna spend some of my ill-gotten gains down the pub.

Good weekend all. C ya next week.
  • #102,997
  • May 29, 2009 2:37pm May 29, 2009 2:37pm
Quoting stewrigh
Ok - I'm outta here.

Gonna spend some of my ill-gotten gains down the pub.

Good weekend all. C ya next week.

Bye Stew, have a good weekend.
  • #102,998
  • May 29, 2009 2:44pm May 29, 2009 2:44pm
Quoting gatorinla
got stoped out last night on short.. was up 240 at one point but gave lots of them back.. ended up + 5 for week ... kinda sucks.. i had a pending entry at 4174 short but it was missed.. ill let it run if hit.. for now with a reasonable tight sl.. if it doesnt hold i got next stop ay 4599...good luck..

one thing to think about is commodities... china is creating demand on commodities, demand raises prices there far makes dollar weak, since its what most are traded with. the billion dollar question is when will they stop or slow down...
bad luck on that stop out. That's one reason I gave up looking for the big strikes. The market does funny things when you least expect. Was also in a short yesterday, luckily for me I closed it very early this morning just at the low as it turned out. If only I had bought then rather than much later.
Do you mind telling me, exactly how is china creating demand on commodities at th present time. I was personally affected by china buying spree pre the olympics. Every time I went to buy raw material, the price kept going up week after week, and the reason, china.
  • #102,999
  • May 29, 2009 2:58pm May 29, 2009 2:58pm
Quoting Atlast
bad luck on that stop out. That's one reason I gave up looking for the big strikes. The market does funny things when you least expect. Was also in a short yesterday, luckily for me I closed it very early this morning just at the low as it turned out. If only I had bought then rather than much later.
Do you mind telling me, exactly how is china creating demand on commodities at th present time. I was personally affected by china buying spree pre the olympics. Every time I went to buy raw material, the price kept going up week after week, and the...
they started buying when prices hit bottom.. cant blame them... this created demand.. demand increased prices. higher prices made dollar less valuable.. the draw back of being the reserve currency.. investors are also buying commodities now spending more dollars for smaller amounts as price rise.. snowball affect as time goes on crash odds go up.. at some point they are too expencive for people/companys to buy and make a profit..so they dont buy.. prices drop.. the business who bought high now cant lower price so he goes down with jobs... it will be much worse this time since money is even tighter now..we are closer to the floor.. dow this time doesnt have 13000 points to fall back on.. less the 8500 this is all built on sand by the used car salemen selling it to you.. without a job nothing else works... jobs are the foundation.. jobs were ok before the last drop.. they are not this time..
those who can, do. those who cant, talk about those who can
  • #103,000
  • May 29, 2009 3:03pm May 29, 2009 3:03pm
Woot? The Dow just went +1% up the last five minutes of the trading session?
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