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  • #212,421
  • Mar 17, 2010 2:54pm Mar 17, 2010 2:54pm
Quoting mfoste1
If getting educated, and working hard on career interests and being good at what you do doesn't entitle you to job then what does?!
Entitlement is a guarantee of access to benefits because of rights or by agreement through law. It also refers, in a more casual sense, to someone's belief that one is deserving of some particular reward or benefit.

Nothing ENTITLES you to a job. You present your skills to the employer, along with thousands of other applicants-- it doesn't mean they all get the job.
  • #212,422
  • Mar 17, 2010 2:57pm Mar 17, 2010 2:57pm
Quoting akhtergroup
I completely understand where you're coming from....
That might be debatable... but then again it doesn't really matter.

Quote
... the people who lost jobs should have not had jobs in the first place...

You can't really believe that's true... and if you do, then...

Quote
... When you see familar people who you wouldn't trust with a piece of gum processing loans let alone having a job with some authority..

Either there's something hinky with your circle of "familiar people" or you need to get your loans somewhere else.
FUBAR...
  • #212,423
  • Mar 17, 2010 2:58pm Mar 17, 2010 2:58pm
Good morning all.

No trades for me over night because this type of PA is too risky for me to rely on seeing as I'm asleep during most of the UK and USA session. There was some nice moves though so hopefully you all cashed in.

Just looking at the 8 hour chart, and forgetting the round bottom for the moment, the PA has made 4 pretty solid attempts to get up north, and failed each time. I suppose it could be that it is trying to build up strength and will eventually manage it. I also could be that it is running out of strength and will turn south instead. Failure to reach (at least) 3838 last night suggests to me that the bull is not serious about his mission and the bears are still lurking. But the fact is that the rounded bottom does exist, so that has to be taken into consideration, but I still am unconvinced about it's authenticity.

Fundamentally I see more bad news ahead for EZ. Of course there is bad news for USD as well, but if USD news is bad, EU news is worse.....USD seems to be the lesser of two evils.

So, I will continue to sell the tops where possible with a pretty tight SL. I might be convinced to buy the dips as well, with an equally tight SL if we don't get some sort of direction soon.

5c ....... fwiw
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #212,424
  • Mar 17, 2010 2:59pm Mar 17, 2010 2:59pm
Quoting akhtergroup
Nothing ENTITLES you to a job.
Yeah, who the heck need job with lousy pay and no vacation.

I don't need a job, Show me the Money!
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #212,425
  • Mar 17, 2010 3:00pm Mar 17, 2010 3:00pm
Quoting mmccormac
Posting this again now that we've been rejected off that 50% fib level. For those who are short this is a good opportunity to build shorts around this area for a possible repeat of the formation around 1.4500. Stops should be above 1.3850 in my opinion and will change as this channel moves up.

The main risk here is the fact that it bounced on the 61.8% fib and looks to be a possible turn back north with the daily rounded bottom (And as malcom mentioned the volumes but I don't watch them so can't comment on this aspect).

That said today is encouraging...
hey mate , is there any prob if u share the calander the one in ur chart ?

cheers
  • #212,426
  • Mar 17, 2010 3:02pm Mar 17, 2010 3:02pm
Everything is teed up for an explosion. Next week is going to be interesting.

I have Gold, YM (DJIA), EU, and AU below.

Gold- rejected off the daily TL

YM- rejected off the previous high from Jan. (Possible double top)

AU- Daily TL that it's testing (first attempt failed)

EU- rejected off the 50% and looking kind of like the move from 1.4500 area.


These are the times I love to trade. Lowest risk entry points usually pop up in situations like these.
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  • #212,427
  • Mar 17, 2010 3:03pm Mar 17, 2010 3:03pm
Quoting ak4x
That might be debatable... but then again it doesn't really matter.



You can't really believe that's true... and if you do, then...



Either there's something hinky with your circle of "familiar people" or you need to get your loans somewhere else.
AK, dont even bother with this guy....arguing with the ignorant is an exercise in futility
  • #212,428
  • Mar 17, 2010 3:03pm Mar 17, 2010 3:03pm
Quoting akhtergroup
I am not trying to offend anyone, but IN MY OPINION (because I dont want to hear your LIFE story) the people who lost jobs should have not had jobs in the first place.
I haven't seen a more moronic statement in some time, nice job. You might want to think about what you said and edit it. Guess you haven't watched the news in a bit. Lots of good people don't have a job right now.
  • #212,429
  • Mar 17, 2010 3:04pm Mar 17, 2010 3:04pm
Quoting warta
hey mate , is there any prob if u share the calander the one in ur chart ?

cheers
Please mccormac?
  • #212,430
  • Mar 17, 2010 3:06pm Mar 17, 2010 3:06pm
Quoting warta
hey mate , is there any prob if u share the calander the one in ur chart ?

cheers

I'm not the developer on it but here is the indicator... I don't use most of the stuff that's on the indicator (Only times and news from Forex Factory).

If I'm not suppose to post this here someone please PM me so I can remove it.
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  • #212,431
  • Edited 3:09pm Mar 17, 2010 3:07pm | Edited 3:09pm
Quoting uraceulose
[/u][/b]

Isn't this insinuating that 250,000 is optimal?
That is the minimum deposit at most institutions. But not an insinuation that it's optimal. Lets just focus on the big numbers because I understand some of you have never seen 6-figures. Lets just forget that I used an EXAMPLE of a broker that is likely to play games and not treat you fairly vs a bank with no need to have contests or bonus' (ie. you get what you pay for).

If you understood my sarcasm, kudos. If you didn't, check to see if you can enroll or sit in on a English class at your local community college.

Quoting homestudy
I haven't seen a more moronic statement in some time, nice job. You might want to think about what you said and edit it. Guess you haven't watched the news in a bit. Lots of good people don't have a job right now.
Good people? Good at what? Obviously not their job.
  • #212,432
  • Mar 17, 2010 3:13pm Mar 17, 2010 3:13pm
Quoting akhtergroup
I am sorry for expressing my opinion on the CFTC proposed rules. I also apologize for your staggering lack of understanding as I am not attacking/arguing the fact that people 'CAN' trade a retail account to build a decent account size and then go institutional. How many actually do this? Not many. It's great you achieved this. But would you personally keep $100K+ in a retail account? The point i was trying to emphasize is there's a REASON behind these bonus deposits/contests. (ie. their customers are losing $)

Again, use all the leverage you want....
I see you just finished "How to Make Friends and Influence People." Must have been at outdated copy.

I would/do keep more than 100K in a retail account.

No doubt about it... leverage is our enemy... but no one wants it dictated to them. We can make our own decisions.

It's true... not many retail traders can make... but there are many here that do.

I don't know why so many here place bank traders on a pulpit. I have about a dozen friends that trade large capital.(1 billion or more) They are smart guys and solid traders but I beat every one them month after month. I don't work as a bank trader because I'm not good at being told what to do.

There are a lot of really smart, over qualified people out of work.

A good number for a retail trader living off his money would be around 250K. Just my opinion.
  • #212,433
  • Mar 17, 2010 3:14pm Mar 17, 2010 3:14pm
Quoting akhtergroup
That is the minimum deposit at most institutions. But not an insinuation that it's optimal. Lets just focus on the big numbers because I understand some of you have never seen 6-figures. Lets just forget that I used an EXAMPLE of a broker that is likely to play games and not treat you fairly vs a bank with no need to have contests or bonus' (ie. you get what you pay for).

If you understood my sarcasm, kudos. If you didn't, check to see if you can enroll or sit in on a English class at your local community college.



Good people? Good at...

How about posting a chart about the EURUSD? Start PMing people if you want to keep this going...it's a stupid argument
  • #212,434
  • Mar 17, 2010 3:17pm Mar 17, 2010 3:17pm
Quoting akhtergroup

Good people? Good at what? Obviously not their job.
Haha you are truly ignorant aren't you?? Guess you really are clueless to the world around you. So to understand the millions of people that lost their job in the US alone last year deserved to be fired? Just stop now before you dig your narcissistic ass any bigger of a hole. And yes you are on my iggy list as well
  • #212,435
  • Mar 17, 2010 3:25pm Mar 17, 2010 3:25pm
Quoting acumen
I see you just finished "How to Make Friends and Influence People." Must have been at outdated copy.

I would/do keep more than 100K in a retail account.

No doubt about it... leverage is our enemy... but no one wants it dictated to them. We can make our own decisions.

It's true... not many retail traders can make... but there are many here that do.

I don't know why so many here place bank traders on a pulpit. I have about a dozen friends that trade large capital.(1 billion or more) They are smart guys and solid traders but I beat every...
Mike,

Do you worry about cross pairs when your trading the EU? I notice that you trade the GU also...so for example will you long GU and short EU at the same time? What about the swissy? These are the my main 3 pairs and I'm really digging working on your system and watching the videos. I mean do you just stick to the pivots regardless or are other pairs not as prone to (long above pivot/ short below rules)??

Thanks for any advice,

Donnie
  • #212,436
  • Mar 17, 2010 3:39pm Mar 17, 2010 3:39pm
so will the asia session confirm the drift down ...?
Andreyou
  • #212,437
  • Mar 17, 2010 3:41pm Mar 17, 2010 3:41pm
Quoting akhtergroup
That is the minimum deposit at most institutions. But not an insinuation that it's optimal. Lets just focus on the big numbers because I understand some of you have never seen 6-figures. Lets just forget that I used an EXAMPLE of a broker that is likely to play games and not treat you fairly vs a bank with no need to have contests or bonus' (ie. you get what you pay for).

If you understood my sarcasm, kudos. If you didn't, check to see if you can enroll or sit in on a English class at your local community college.



Good people? Good...
i,m one of those dumb asses that have never seen six figures (ecept on the internet) now sex figures hmmmm.... yep only on the internet !
hang on to your bread......unless you want toast
  • #212,438
  • Mar 17, 2010 3:49pm Mar 17, 2010 3:49pm
Open sell EUR USD at 13734. Target 13640. Stop loss is at 13790.
We work with different time-frames, so we can have opposite positions.

Good luck,
  • #212,439
  • Edited 4:35pm Mar 17, 2010 3:52pm | Edited 4:35pm
Quoting mmccormac
Everything is teed up for an explosion. Next week is going to be interesting.

I have Gold, YM (DJIA), EU, and AU below.

Gold- rejected off the daily TL

YM- rejected off the previous high from Jan. (Possible double top)

AU- Daily TL that it's testing (first attempt failed)

EU- rejected off the 50% and looking kind of like the move from 1.4500 area.


These are the times I love to trade. Lowest risk entry points usually pop up in situations like these.
maybe kiwi 2.. i agree.. but i see romote possibility of aud going to 9300 or math say 9322 + a few
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those who can, do. those who cant, talk about those who can
  • #212,440
  • Mar 17, 2010 3:55pm Mar 17, 2010 3:55pm
Hi mmccormac.

For me yesterday did a little pullback and today is doing good.

I think tomorrow breaking up 1.38

http://img682.imageshack.us/img682/4306/dibujoomo.png
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