lol okay grab a beer then coz that makes the two of us now!
Cheers bro....
Hear the music before the song is over ...
Cable Update (GBPUSD)
- #162,981
- Sep 3, 2009 2:49am Sep 3, 2009 2:49am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Cheers bro....
- #162,982
- Sep 3, 2009 2:55am Sep 3, 2009 2:55am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #162,983
- Sep 3, 2009 2:59am Sep 3, 2009 2:59am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #162,984
- Sep 3, 2009 3:00am Sep 3, 2009 3:00am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #162,985
- Sep 3, 2009 3:03am Sep 3, 2009 3:03am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
It's worth pointing out, [and see-ing as I have time on my hands waiting for next decent set-up- this is advice particularly for newbies
-When we enter a trade, none of us have any idea what is going to happen next...so when you hear these definate calls and absolute targets of where price is going in this and other forums, don't be fooled into thinking said callers have any more insight than what is available to you, they don't, although they may have more experience than you. Calls are based on an individual's own analysis of the techs/fundies and a viewpoint about where price may go is similarly based, but actually, all we do is play an edge.
For eg when I enter a trade at one of my repeating set-ups, I have no idea whether it will produce a gain or a loss...how can I ? I don't have market-moving volume to trade with nor do I have a crystal ball or time machine,...all I know is that historically on x % of occassions that set-up developed in the past over a very large sample, it produced a gain, and this combined with good risk and money management produces an edge in the market. In entering the trade at the set-up I accept I have no idea where price will go and whether that particular set-up will be a winner or a loser, but it is unimportant because we play the probabilities and the edge.
So when you hear defiante calls/viewpoints don't be disheartened thinking that such posters have more 'inside info' or some magic indicator,...they do not, they have a viewpoint and/or a set-up distinct to them...the way they express it in a post here may lead others to think that they have, but they do not.
We all need an edge whether tech or fundie based and then a viewpoint as to target if it goes for us, but don't get marries to your trades in the light of opposing evidenceprovided by actual price action being played out by the market. remember the market is never wrong, but we can be.
G/L
-When we enter a trade, none of us have any idea what is going to happen next...so when you hear these definate calls and absolute targets of where price is going in this and other forums, don't be fooled into thinking said callers have any more insight than what is available to you, they don't, although they may have more experience than you. Calls are based on an individual's own analysis of the techs/fundies and a viewpoint about where price may go is similarly based, but actually, all we do is play an edge.For eg when I enter a trade at one of my repeating set-ups, I have no idea whether it will produce a gain or a loss...how can I ? I don't have market-moving volume to trade with nor do I have a crystal ball or time machine,...all I know is that historically on x % of occassions that set-up developed in the past over a very large sample, it produced a gain, and this combined with good risk and money management produces an edge in the market. In entering the trade at the set-up I accept I have no idea where price will go and whether that particular set-up will be a winner or a loser, but it is unimportant because we play the probabilities and the edge.
So when you hear defiante calls/viewpoints don't be disheartened thinking that such posters have more 'inside info' or some magic indicator,...they do not, they have a viewpoint and/or a set-up distinct to them...the way they express it in a post here may lead others to think that they have, but they do not.
We all need an edge whether tech or fundie based and then a viewpoint as to target if it goes for us, but don't get marries to your trades in the light of opposing evidenceprovided by actual price action being played out by the market. remember the market is never wrong, but we can be.
G/L
ex member
- #162,986
- Sep 3, 2009 3:12am Sep 3, 2009 3:12am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
It's worth pointing out, [and see-ing as I have time on my hands waiting for next decent set-up- this is advice particularly for newbies
I can't argue with this. Excellent post bb2
Thank You
- #162,987
- Sep 3, 2009 3:20am Sep 3, 2009 3:20am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...
- #162,988
- Sep 3, 2009 3:24am Sep 3, 2009 3:24am
It's worth pointing out, [and see-ing as I have time on my hands waiting for next decent set-up- this is advice particularly for newbies
Enter Signature
- #162,989
- Sep 3, 2009 3:25am Sep 3, 2009 3:25am
It's worth pointing out, [and see-ing as I have time on my hands waiting for next decent set-up- this is advice particularly for newbies
Hey there,
Well said, in my three years here on FF I have often seen newbies following blindly. Newbie please ask yourself this question; Have you met this person making the calls, have you seen their statements or bank balance, the new Porsche, launchetc!!?? Don't get sucked into the flow. Hmmm what is flow??? A new indicator or method maybe?? No No No, the flow of your money into the accounts of institutions, banks and professional traders who know.
Enjoy and think for yourself, it's your money!!
A......
- #162,990
- Sep 3, 2009 3:27am Sep 3, 2009 3:27am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #162,993
- Sep 3, 2009 3:39am Sep 3, 2009 3:39am
- | Commercial User | Joined Mar 2009 | 1,423 Posts
Let Price determine your future!
- #162,994
- Sep 3, 2009 3:41am Sep 3, 2009 3:41am
Very well put - I wish I'd read that 18 months ago - I would be so much further on.
Hey there,
Well said, in my three years here on FF I have often seen newbies following blindly. Newbie please ask yourself this question; Have you met this person making the calls, have you seen their statements or bank balance, the new Porsche, launchetc!!?? Don't get sucked into the flow. Hmmm what is flow??? A new indicator or method maybe?? No No No, the flow of your money into the accounts of institutions, banks and professional traders who know.
Enjoy and think for yourself, it's your money!!
A......
- #162,995
- Sep 3, 2009 3:45am Sep 3, 2009 3:45am
Hey there,
Well said, in my three years here on FF I have often seen newbies following blindly. Newbie please ask yourself this question; Have you met this person making the calls, have you seen their statements or bank balance, the new Porsche, launchetc!!?? Don't get sucked into the flow. Hmmm what is flow??? A new indicator or method maybe?? No No No, the flow of your money into the accounts of institutions, banks and professional traders who know.
Enjoy and think for yourself, it's your money!!
A......
My advice is to do your analysis before reading FF threads otherwise your judgement could be clouded easily. Once you have confidence in your chart, then it can be good to see if the consensus (of those who's charts you trust) backs your view but don't let it haze your thinking.
- #162,996
- Sep 3, 2009 3:48am Sep 3, 2009 3:48am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
I still would like to see 6380 before I take any shorts. I have a theory and I know wormie....but seeing a bit of a different picture...If we do close above 420 today or tommorow...This could prove very dangerous for the bears in the short term...as this would have broken my upper tl and also candles would show a very bullish reversal sign and Dt would have a forest of pips instead of a garden.. Lets see how NFP Screws up the market remember last time....
Thank You
- #162,997
- Sep 3, 2009 3:51am Sep 3, 2009 3:51am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Good MAE Everyone..
I see this is getting interesting now...
I see this is getting interesting now...
Ghost Rider - WWTBMD?
- #162,998
- Sep 3, 2009 3:55am Sep 3, 2009 3:55am
- Joined Mar 2009 | Status: FX | 3,789 Posts
Veni, Vidi, Vici (We came, we saw, we conquered)