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Why did you start trading and what do you expect from it? 19 replies

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How do you see trading - Do you see it as a means to an end? 12 replies

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Trade what you see NOT what you expect

  • #19,041
  • Jul 16, 2009 10:27am Jul 16, 2009 10:27am
Quoting eohater
Speaking of oil! I'm considering booking some more profit on my long position on oil. I read an economists review on Bloomberg last night calling for oil to be at $20 by year end. If so, I'll be a buyer again.

Welcome back from Wisconsin. Did you eat come cheese?
Yup.....Dems come to power, threaten to socialize oil and the price drops!
Happens every time.

What's the best way to short oil?

No cheese but nice Fat Squirrel beer!
  • #19,042
  • Jul 16, 2009 10:30am Jul 16, 2009 10:30am
Quoting F.T.A
So, you are telling me that the repubic party was the last to balance the budget? which is why the Dems. control everything now?
Before asking any more questions, try doing a little research first.

The dems have controlled everything since '06. Unless there's a serious turn around in the economy very soon then they may lose congressional control in 2010.
Hi, my name is Barry and you can keep your doctor...
  • #19,043
  • Jul 16, 2009 10:34am Jul 16, 2009 10:34am
Crunch time guys! We have 30m left on the h4. She's standing like a tall pin right now, but that could all change in 30m. Remember, it just the prior h4 was a dblhc, so will this h4 complete a bullish move or stay as a pin. Let's see what she gives us in 30m.
Just digging in the trenches like everyone else!
  • #19,044
  • Jul 16, 2009 10:36am Jul 16, 2009 10:36am
At the current rate of the Obama and democratic administration, they will lose control of the house or senate in 2010 faster then the republicans did. His popularity is starting to fall and when unemployment hits 15% then people will be howling. They are pushing so many bad bills, and pushing us into socialist state like France. Hey the tax rate in new york city is now going to be 57% and thats not including all the other taxes. I don't think we will get a recovery soon, and if it gets worse they will be voted out.
  • #19,045
  • Jul 16, 2009 10:37am Jul 16, 2009 10:37am
I am thinking a long around 6370 or 80 would be nice. Off the 50sma on the 1h.
  • #19,046
  • Jul 16, 2009 10:43am Jul 16, 2009 10:43am
Quoting kalparker
At the current rate of the Obama and democratic administration, they will lose control of the house or senate in 2010 faster then the republicans did. His popularity is starting to fall and when unemployment hits 15% then people will be howling. They are pushing so many bad bills, and pushing us into socialist state like France. Hey the tax rate in new york city is now going to be 57% and thats not including all the other taxes. I don't think we will get a recovery soon, and if it gets worse they will be voted out.
Don't forget how they're proposing to fund this health bill. There'll be a progressive tax up to 5.4% on top of the other income taxes for the wealthy.

Talk about dumb...the very people who create jobs in this country are going to be penalized for their efforts. Before it's over there'll be mass rioting in this country. Gov't is truly out of control.
Hi, my name is Barry and you can keep your doctor...
  • #19,047
  • Jul 16, 2009 10:47am Jul 16, 2009 10:47am
Quoting cisco
Don't forget how they're proposing to fund this health bill. There'll be a progressive tax up to 5.4% on top of the other income taxes for the wealthy.

Talk about dumb...the very people who create jobs in this country are going to be penalized for their efforts. Before it's over there'll be mass rioting in this country. Gov't is truly out of control.
I have a great respect for europe, they have more savings than us, they have free healthcare, they work less........and their money is more valuable..............who needs capitalism?
Forex Trading Advisors
  • #19,048
  • Jul 16, 2009 10:51am Jul 16, 2009 10:51am
Isn't there a thread rule no politics or religion? The different levels of education on those topics is so great that a sane conversation is rarely achievable. Not even taking into consideration everyones personal point of view..

So the best we can hope for is to learn to trade where we have the ability to support whatever we want to..

Cheers
Good Trading To All ; Ken Lee
  • #19,049
  • Jul 16, 2009 10:53am Jul 16, 2009 10:53am
Quoting eohater
Crunch time guys! We have 30m left on the h4. She's standing like a tall pin right now, but that could all change in 30m. Remember, it just the prior h4 was a dblhc, so will this h4 complete a bullish move or stay as a pin. Let's see what she gives us in 30m.

So if it closes as the PIN we look for a lower high on the 15 (pulls up the wick of the pin)then a short ?
Good Trading To All ; Ken Lee
  • #19,050
  • Jul 16, 2009 10:55am Jul 16, 2009 10:55am
Quoting F.T.A
I have a great respect for europe, they have more savings than us, they have free healthcare, they work less........and their money is more valuable..............who needs capitalism?
Now...why doesn't any of what you've said surprise me?

Sounds to me like you need to live there, you'd be much happier.

As for me, I'd rather live in this country in the manner our founding fathers meant for it to be, not the way things are heading now.
Hi, my name is Barry and you can keep your doctor...
  • #19,051
  • Jul 16, 2009 10:55am Jul 16, 2009 10:55am
Quoting KENNETH lEE
Isn't there a thread rule no politics or religion? The different levels of education on those topics is so great that a sane conversation is rarely achievable. Not even taking into consideration everyones personal point of view..

So the best we can hope for is to learn to trade where we have the ability to support whatever we want to..

Cheers
That's all it took!

Please, let's keep the politics out. Ken is correct, everyone has an equitable point of view. Politics and religion can turn into heated discussions. So, let's all agree that we're all entitled to our point of view and let's make our own way out of this mess. We don't need the govt to support us, we just need to be able to trade and be profitable.

Trade well guys!

EO
Just digging in the trenches like everyone else!
  • #19,052
  • Jul 16, 2009 10:56am Jul 16, 2009 10:56am
EO...would you please check your PM when you get a chance.....thanks
  • #19,053
  • Jul 16, 2009 10:58am Jul 16, 2009 10:58am
Hi EO

On my H4 I have one of these and I assume it is considered as the shooting star as the previous candle was bullish.

I don't fully understand your comment about staying as a pin????

http://3.bp.blogspot.com/_QLVIh1M-nP...oting+star.jpg

Inverted Hammer and Shooting star looks exactly the same but has different meanings depending on which trend they occur. Both have short bodies,long upper shadows, short or no lower shadow.

Inverted Hammer is bullish reversal pattern formed during downtrend.

Shooting star is bearish reversal pattern formed during uptrend.


Quoting eohater
Crunch time guys! We have 30m left on the h4. She's standing like a tall pin right now, but that could all change in 30m. Remember, it just the prior h4 was a dblhc, so will this h4 complete a bullish move or stay as a pin. Let's see what she gives us in 30m.
  • #19,054
  • Jul 16, 2009 10:58am Jul 16, 2009 10:58am
Quoting cisco
Now...why doesn't any of what you've said surprise me?

Sounds to me like you need to live there, you'd be much happier.

As for me, I'd rather live in this country in the manner our founding fathers meant for it to be, not the way things are heading now.

sounds to me like you need a bit of CULTURE in your life, there is a world outside of America, and things can be learnt from it, ignorance is bliss.

CHANGE IS HERE!!!
Forex Trading Advisors
  • #19,055
  • Jul 16, 2009 10:58am Jul 16, 2009 10:58am
Quoting eohater
That's all it took!

Please, let's keep the politics out. Ken is correct, everyone has an equitable point of view. Politics and religion can turn into heated discussions. So, let's all agree that we're all entitled to our point of view and let's make our own way out of this mess. We don't need the govt to support us, we just need to be able to trade and be profitable.

Trade well guys!

EO
YES!!
Forex Trading Advisors
  • #19,056
  • Jul 16, 2009 11:01am Jul 16, 2009 11:01am
Quoting robgsxr
Hi EO

On my H4 I have one of these and I assume it is considered as the shooting star as the previous candle was bullish.

I don't fully understand your comment about staying as a pin????



[font=verdana]Inverted Hammer and Shooting star looks exactly the same but has different meanings depending on which trend they...
My h4 just closed, at the time I made the comment, it was shaping up as a pin and that's exactly how it closed. Long upper wick, no body and a small lower wick. This supports shorting her back down.
Just digging in the trenches like everyone else!
  • #19,057
  • Jul 16, 2009 11:02am Jul 16, 2009 11:02am
Quoting F.T.A
YES!!
Thank you!
Just digging in the trenches like everyone else!
  • #19,058
  • Jul 16, 2009 11:03am Jul 16, 2009 11:03am
Quoting eohater
My h4 just closed, at the time I made the comment, it was shaping up as a pin and that's exactly how it closed. Long upper wick, no body and a small lower wick. This supports shorting her back down.
thanks for that. My 4h closed one hour ago and it's similar though more of a doji (star)
'The past will always show us the future'
  • #19,059
  • Jul 16, 2009 11:04am Jul 16, 2009 11:04am
Quoting terje
thanks for that. My 4h closed one hour ago and it's similar though more of a doji (star)
Post it if you would. Thank you!
Just digging in the trenches like everyone else!
  • #19,060
  • Jul 16, 2009 11:05am Jul 16, 2009 11:05am
Quoting eohater
That's all it took!

Please, let's keep the politics out. Ken is correct, everyone has an equitable point of view. Politics and religion can turn into heated discussions. So, let's all agree that we're all entitled to our point of view and let's make our own way out of this mess. We don't need the govt to support us, we just need to be able to trade and be profitable.

Trade well guys!

EO
May I add, and keep our profits.
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