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  • #111,681
  • Edited 7:34pm Jun 17, 2009 7:19pm | Edited 7:34pm
Quoting The Fool
Hi dfhetrick,

I just wanted to thank you for complaining about my comments to the FF management. Now that I have received an infraction, I feel as if I have grown and that I am ready to move on and post here in a more mature manner...or not. And of course, when I said "Stop losses are for effete english fags," I was only joking. In later posts I apologized to Atlast and to the thread at-large for any offense that may have been taken at my remark.

Meanwhile, thank you for all your valuable posts here and please feel free to keep up the good...
Don't feel badly about the "infraction". After all my time here (Senior Member, blah, blah, blah), I unrighteously received one also. Doesn't matter, considering the source. Smile, trade, proceed!

By the way, were you the one who said stop losses were.....(well, you know)? That an overfunded account was a far better "money management" technique? Anyway, I agree......emphatically! Brokers/Central banks who are in charge of the computerized network of data feed, HUNT STOP LOSSES AT CRITICAL TIMES!!!!!!!! So, I only/rarely use them when a trade must be left running and I cannot be at the computer. Trading small size relative to account size is an impeachable technique, imho. Cudos to you if you said so!

Edit: People laugh at the thought of stop loss hunting by the brokers & banks. Have you noticed the increasing whipsawing in currency trading over this last year???????? I have my theory on that, centered on the influx of more/new hedge funds trading currency.....they have so crapped in their own back yard (US stocks) it now smells, and nobody wants to play there anymore. So they have come over here.........thank God they cannot "Naked Short" currencies, and that we can all "short" or "long" with equal ease!
  • #111,682
  • Jun 17, 2009 7:34pm Jun 17, 2009 7:34pm
seems to be going up. im in a buy again with stoploss at 3930..lets hope it goes
prepare for worst & expect the best
  • #111,683
  • Jun 17, 2009 7:41pm Jun 17, 2009 7:41pm
Quoting Jay Walker
How's everybody holding up?
After having successfully closed out my longer-term shorts, I decided to do some scalping today. Why not? I had some profit in the bank. Big mistake. Even though I was not in any trades, I had 'bear on the brain'. Scalped successfully for about 50 pips in the AM. Then the afternoon took me for 200. Sigh....no SLs. Oh well. The X giveth....and the X taketh away.

Presently, I'm re-evaluating my analysis and charts. In the meantime, I'm heading over to the GBPJPY.
Si vis pacem, para bellum.
  • #111,684
  • Jun 17, 2009 7:42pm Jun 17, 2009 7:42pm
EU M30: Not sure it is going up. Double Top "M"? At significant SR area? And look at the high relative volume at the top (red bar)...! May be just a pump to dump move, which the asian traders are good at.
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  • #111,685
  • Jun 17, 2009 7:44pm Jun 17, 2009 7:44pm
Quoting Duce
The forex market in any pair can turn on a dime...and then turn around again right after all the SLs are hit. I would consider small, modest trades made within a well funded account as good MM. I mostly swing trade and I'm desperately always looking at the big picture. If you read news, fundamentals and technicals with some sort of accuracey, you can make an educated guess on which direction the pair will move...not in a minute or an hour, but weekly. I'm not a conspiracy theorist, but I don't doubt that brokers and large institutions have software...

traderathome...Are you referring to this post?
Si vis pacem, para bellum.
  • #111,686
  • Jun 17, 2009 7:44pm Jun 17, 2009 7:44pm
good morning /evening @ all
The best thing that can happen to you is to find out where you're wrong.
  • #111,687
  • Jun 17, 2009 7:50pm Jun 17, 2009 7:50pm
Quoting Driver55
good morning /evening @ all
Hi Driver, long time no see!
  • #111,688
  • Jun 17, 2009 7:52pm Jun 17, 2009 7:52pm
Quoting traderathome
Don't feel badly about the "infraction".

By the way, were you the one who said stop losses were.....(well, you know)? That an overfunded account was a far better "money management" technique? Anyway, I agree......
Thanks for your support, Trader. There are people here who incessantly preach to the gullible masses about using stop-losses, about not scalping, etc. I just assume that they are being paid to do so by the Dealers. So I tease them a bit. I'll probably get bored with it pretty quick.

Anyway, I'll admit I do need to work on my humility. With all the money I'm making I will be able to hire a coven of stern young witches to discipline me...every day...several times, if necessary. As long as the leash doesn't stop short of the trading station I should be OK.

Good luck in all your trades.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #111,689
  • Jun 17, 2009 7:54pm Jun 17, 2009 7:54pm
Quoting The Fool
Thanks for your support, Trader. There are people here who incessantly preach to the gullible masses about using stop-losses, about not scalping, etc. I just assume that they are being paid to do so by the Dealers. So I tease them a bit. I'll probably get bored with it pretty quick.

Anyway, I'll admit I do need to work on my humility. With all the money I'm making I will be able to hire a coven of stern young witches to discipline me...every day...several times, if necessary. As long as the leash doesn't stop short of...
Is this Max Mosley !!??
Si vis pacem, para bellum.
  • #111,690
  • Jun 17, 2009 8:00pm Jun 17, 2009 8:00pm
Quoting Driver55
good morning /evening @ all
Ciao Nico !
  • #111,691
  • Jun 17, 2009 8:03pm Jun 17, 2009 8:03pm
Quoting Driver55
good morning /evening @ all
It's been a long time Driver55!

I'm very happy to see you again. Welcome back!
Not all sins are created equal
  • #111,692
  • Jun 17, 2009 8:11pm Jun 17, 2009 8:11pm
Pivots from 5pm...
Attached Image
FUBAR...
  • #111,693
  • Jun 17, 2009 8:16pm Jun 17, 2009 8:16pm
Quoting eaglestar
watch out for the next cycle line in 13 hours it may be important. long
look for 1.43 area reverse price fan trendlines. good luck traders.

notice the fib time and cycle line convergences. i think my research lab may be on to something.
God is Great look at what cycle line did today, good for 130 pips any questions, comments let me know. I want to learn/share
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusd061709-1.gif Size: 33 KB
Attached File(s)
File Type: tpl eurusd061709-1.tpl   8 KB | 230 downloads
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #111,694
  • Jun 17, 2009 8:20pm Jun 17, 2009 8:20pm
Quoting Jay Walker
It's been a long time Driver55!

I'm very happy to see you again. Welcome back!
Hi Jay, Hi arthur
The best thing that can happen to you is to find out where you're wrong.
  • #111,695
  • Jun 17, 2009 8:24pm Jun 17, 2009 8:24pm
the idea is to stand firm by what you believe

If you think it should go down but it doesn't - don't go long.
ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
  • #111,696
  • Jun 17, 2009 8:29pm Jun 17, 2009 8:29pm
Quoting Driver55
good morning /evening @ all
Hey d... be sure you check your pm.
FUBAR...
  • #111,697
  • Jun 17, 2009 8:31pm Jun 17, 2009 8:31pm
No stop loss? This can only be good in 2-3 type of situations- 1) ur demoing, 2) u have a micro account (funded by money u can afford to lose) or 3) u have a several mil dollar account


I guess for all of us in between, a stop is a must if i am to see another day. I was short NZD-USD on 11th march at 5080 and i dont know about u but at 10 dollars a pip , I see NZD USD IS now aboot 25 % up. wat say u?

ps ## and no no dealer told me this to post here.


Quoting The Fool
Thanks for your support, Trader. There are people here who incessantly preach to the gullible masses about using stop-losses, about not scalping, etc. I just assume that they are being paid to do so by the Dealers. So I tease them a bit. I'll probably get bored with it pretty quick.

Anyway, I'll admit I do need to work on my humility. With all the money I'm making I will be able to hire a coven of stern young witches to discipline me...every day...several times, if necessary. As long as the leash doesn't stop short of the trading station I should...
Its all in the mind.
  • #111,698
  • Jun 17, 2009 8:32pm Jun 17, 2009 8:32pm
Notice how the they held the market at current levels ... short at 69 ... long 45
Personally, I am short but I would be more peaceful below 3932

Edit:

Perhaps they will still have this kind of movement a number of times in the next few hours .. waiting europe.
More ... as long usdchf remains below 10,811 it canī't be any tangible movement

The best thing that can happen to you is to find out where you're wrong.
  • #111,699
  • Jun 17, 2009 8:33pm Jun 17, 2009 8:33pm
Quoting ak4x
Hey d... be sure you check your pm.

I read Randy

The best thing that can happen to you is to find out where you're wrong.
  • #111,700
  • Jun 17, 2009 8:38pm Jun 17, 2009 8:38pm
Have to bug out for a couple hours with mrs ak again... back in a couple hours and still long from 3865 most recently, scaled out and +pips locked.

My 3809 entry from yesterday hit the trailer earlier today sometime a'rd the oil inventory release then bounced back up but I was gone.

Oh well.

I will say that PA`has broke north out of the gate from the central for a double tap on M3, and could very well be building steam for a push down to the DP or moree likely the M2/3880 psych level for starters.

PA isn't real clear yet but that break and bounce is a familiar pattern in asia. The Central is key.
FUBAR...
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