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  • #142,981
  • Sep 15, 2009 6:09pm Sep 15, 2009 6:09pm
Quoting 2+2=4ex
Wish it was as easy as it is to say it....
Regarding the big trade. As I see it (never placed a trade larger than 1 lot and wouldn't do it so soon either) - diversify: use multiple brokers and multiple pairs, cfd and metals even. Yes, there will be many trades simultaneously but I'm not saying if I start trading the strategy I'd do it myself. One of my best buddies is the most conservative guy I know when it comes to investment so I trust his spirit of censorship. Interesting problem...how to come around swap
  • #142,982
  • Sep 15, 2009 6:11pm Sep 15, 2009 6:11pm
Quoting Patience
Do people still do that these days?

Best wishes to you
That's awesome that he's leaving for his big day and yet still has Forex at the forefront of his mind. Enough to at least come on here and chat. That's a true trader. I love it!
  • #142,983
  • Sep 15, 2009 6:11pm Sep 15, 2009 6:11pm
Quoting Patience
Do people still do that these days?

Best wishes to you
Thank you. Yeah they do... Girls do it for fame I guess and guys for the big party.
  • #142,984
  • Sep 15, 2009 6:11pm Sep 15, 2009 6:11pm
[q
totally agree im building shorts since it touched the first resistance at 1.4674 i hope this goes up a little more to 1.4719-50 so i can be over build in shorts for a nice 500 to 700 pips correction
uote=Byrd;3061446]The beautiful thing about this is that the big guys know the psychological toll it's putting on a lot of traders right now....we will never go down, we're going straight to 1.50+ etc.
  • #142,985
  • Sep 15, 2009 6:14pm Sep 15, 2009 6:14pm
Quoting GastonCorzo
[q
totally agree im building shorts since it touched the first resistance at 1.4674 i hope this goes up a little more to 1.4719-50 so i can be over build in shorts for a nice 500 to 700 pips correction
uote=Byrd;3061446]The beautiful thing about this is that the big guys know the psychological toll it's putting on a lot of traders right now....we will never go down, we're going straight to 1.50+ etc.
I don't think we're going to get a 700 pip correction, but I do think you can bank on getting back to 1.45 which is 166 pips at the moment.
  • #142,986
  • Sep 15, 2009 6:20pm Sep 15, 2009 6:20pm
Quoting 2+2=4ex
That's awesome that he's leaving for his big day and yet still has Forex at the forefront of his mind. Enough to at least come on here and chat. That's a true trader. I love it!
Don't tell me! I got enough shit from my future wife already!

I just could not stop. I guess I am addicted to Forex. I think the hardest thing a common person can do in this world is constantly making profit from trading. I had so many nights not slept because this problem - the constant profit - was really unsolvable. I'm not saying I solved it - just the future will prove me wrong or right. And as an insight on my 1000+ hours of work: it's not about picking tops or bottoms - that's absolutely imposible to do on a regular basis. It's all about money and trade management. I guess that's what everybody gets wrong in the first place. I heard that the best traders constantly make 40% a month. My strategy is close to 10% but I take what I can get.
  • #142,987
  • Sep 15, 2009 6:22pm Sep 15, 2009 6:22pm
Anybody seen where the 200 SMA is? Hmmm.
  • #142,988
  • Sep 15, 2009 6:23pm Sep 15, 2009 6:23pm
Quoting 2+2=4ex
I don't think we're going to get a 700 pip correction, but I do think you can bank on getting back to 1.45 which is 166 pips at the moment.
Personally I don't think we'll see a serious correction until 1.5 at all. As I said one month ago when I came back from vacation with clear mind: this train isn't gonna stop because USA is not looking good. I think we are actually witnessing the beginning of the downfall of the US$. Analysts can yack about whatever they want. USA as it looks now is gonna be in serious trouble in 10 years with the debt unless they devalue the currency. So what you gonna do if you were a real and serious white collar - black tie investor?

Run for cover!
  • #142,989
  • Edited 6:34pm Sep 15, 2009 6:23pm | Edited 6:34pm
Haven't posted on FF in a while, hope all are hanging in there. I'm short from 1.46 and looking for anything between 1.4350 and 1.4450.
  • #142,990
  • Sep 15, 2009 6:25pm Sep 15, 2009 6:25pm
Quoting 2+2=4ex
Anybody seen where the 200 SMA is? Hmmm.
Anyone see how many times EU comes back down to greet the 200SMA?
  • #142,991
  • Sep 15, 2009 6:27pm Sep 15, 2009 6:27pm
Quoting TheFisherman
Personally I don't think we'll see a serious correction until 1.5 at all. As I said one month ago when I came back from vacation with clear mind: this train isn't gonna stop because USA is not looking good. I think we are actually witnessing the beginning of the downfall of the US$. Analysts can yack about whatever they want. USA as it looks now is gonna be in serious trouble in 10 years with the debt unless they devalue the currency. So what you gonna do if you were a real and serious white collar - black tie investor?

Run for cover!
I think a correction will be needed to get "the kick" up to 1.5, but who really knows???
  • #142,992
  • Sep 15, 2009 6:27pm Sep 15, 2009 6:27pm
FWIW

5c
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 4.png Size: 11 KB
Doing what you like is Freedom. Liking what you do is Happiness.
  • #142,993
  • Sep 15, 2009 6:29pm Sep 15, 2009 6:29pm
Quoting forextine
Anyone see how many times EU comes back down to greet the 200SMA?
Not since early May, but it doesn't need to greet.
  • #142,994
  • Sep 15, 2009 6:30pm Sep 15, 2009 6:30pm
Quoting TheFisherman
Girls do it for fame I guess ...
Really? Ewwww, couldn't think of anything worse - being fawned over all day Hope it goes well though.

Back in the Real World

Bud Conrad, my dear friend, colleague, and regular collaborator on The Casey Report, shot over an interesting story on a growing “ghost fleet” now parked off the coast of Singapore. This is a veritable armada of giant ships, riding at anchor with no cargo in their holds and none on the horizon.

As the lead-in to the story in the Daily Mail put it…

“The biggest and most secretive gathering of ships in maritime history lies at anchor east of Singapore. Never before photographed, it is bigger than the U.S. and British navies combined but has no crew, no cargo, and no destination --and is why your Christmas stocking may be on the light side this year.”

Below is a photo of part of the fleet.

Attached Image



As Bud succinctly put it…

“I found the story emotive as a visual to see just how bad the worldwide recession has become. This recession is continuing to get worse, and our media is not telling us the truth.”

You can read the full article here..

http://www.dailymail.co.uk/home/mosl...recession.html
Nothing worth having is easy.
  • #142,995
  • Sep 15, 2009 6:30pm Sep 15, 2009 6:30pm
Quoting 2+2=4ex
I think a correction will be needed to get "the kick" up to 1.5, but who really knows???
They take it to 1.47 and then correct to 1.46 or 1.45 and bang. Don;t you think it's a plausible scenario?

[forextine please edit the picture and change it with a smaller scale cause it screws everybody's screen]
  • #142,996
  • Sep 15, 2009 6:31pm Sep 15, 2009 6:31pm
Quoting 2+2=4ex
Not since early May, but it doesn't need to greet.
200SMA on 4hr chart sorry for not being more precise.
  • #142,997
  • Sep 15, 2009 6:34pm Sep 15, 2009 6:34pm
Well I've had a EUR run since 1.4210, I took all my positions above that and cleared away, then I started buy the Swiss and well, the positions are definitely imbalanced and my gawd, when is this retrace going to come! I just need a 100 - 150 pip retrace and I'm golden....but good mother of pearl!

I wonder who's really buying that's shoving it up a few more inches each day this past week....

If you're watching this....stop buying EUR! LOL!
  • #142,998
  • Sep 15, 2009 6:34pm Sep 15, 2009 6:34pm
Quoting TheFisherman
They take it to 1.47 and then correct to 1.46 or 1.45 and bang. Don;t you think it's a plausible scenario?

[forextine please edit the picture and change it with a smaller scale cause it screws everybody's screen]
The negatives of having a 26" screen lol.
  • #142,999
  • Sep 15, 2009 6:35pm Sep 15, 2009 6:35pm
Quoting forextine
200SMA on 4hr chart sorry for not being more precise. It's on the chart I posted a few min back...
My bad, I didn't specify I was looking at the daily. lol. Looks like good odds to play.
  • #143,000
  • Sep 15, 2009 6:40pm Sep 15, 2009 6:40pm
Letting aside the every day chatter I think everyone should now and then step aside and watch things from a higher perspective. Interpretations are left to the viewer.

http://www.miseryindex.us/customindexbymonth.asp
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