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  • #227,141
  • Apr 16, 2010 10:22am Apr 16, 2010 10:22am
Quoting Clouds
dont know, im done trading for week
Yeah same here. I'm done for the week as well. Sunday/Monday will be interesting.
  • #227,142
  • Apr 16, 2010 10:22am Apr 16, 2010 10:22am
Nice weekend all
The best thing that can happen to you is to find out where you're wrong.
  • #227,143
  • Apr 16, 2010 10:24am Apr 16, 2010 10:24am
Quoting Driver55
Nice weekend all
You too driver. Take care and have a good weekend. I'm gonna head out here pretty quick too, I'll still be around but not gonna be sitting here through close today...this should be a good weekend for golf
  • #227,144
  • Apr 16, 2010 10:27am Apr 16, 2010 10:27am
Quoting ak4x
and horrible trades that made Coin.
In my limited experience, I've never had a poor entry yield a profit.

Quote
greed ain't about "wanting another 60 pips" ((I'd rather want another 600 myself...)), it's about wanting another 60 pips that you had no reason to think you'd get if you just "hang in there" a little longer, that's part of your learning curve, not Greed..

This is a good point. If our analysis says it's a better play to stay in, and it doesn't work out, then so be it. It's only greed if there was no reason to stay in the trade.
  • #227,145
  • Apr 16, 2010 10:28am Apr 16, 2010 10:28am
Quoting Jhig
So, now that goldman has pushed down the Dow should we be pro Eur at the moment? As I don't see the Usd continuing to climb because of the Dow losses.
Usually a weaker Dow leads to a stronger USD...this will likely be the case IMO. Next week, hurting PIIGS and potentially a weaker DOW could bring the bears out.
  • #227,146
  • Apr 16, 2010 10:28am Apr 16, 2010 10:28am
Quoting Mr J
No problem, it's easy to misunderstand someone when not talking in person. It does display the moral dilemma of trading though. I imagine most of us love some good drops, despite it being a reflection of the negative climate in the real world.
The decision making is so far out of our hands that it is very hard to se the human effects of the price changes we are playing with. Here, changes of 1 or 2% of the value of a currency are commonplace and just profit opportunities or losses. In the real world far removed, this translates into job losses, famine, and possibly even wars...

The only thing that gives me any comfort on participating is understanding that I am in no way influencing or setting the price. All I'm doing is trying to second guess the mob in control.

Have a good weekend everyone and pray that the cart still has wheels on monday.
Ah Luv the smell of a good prediction in the mornin!
  • #227,147
  • Apr 16, 2010 10:29am Apr 16, 2010 10:29am
Have a nice weekend

A good song when thinking about those conspiracies and when you are really happy.

Inserted Video
  • #227,148
  • Apr 16, 2010 10:31am Apr 16, 2010 10:31am
Quoting Driver55
Nice weekend all
You too Driver
Trade What You See and Not What You Think
  • #227,149
  • Apr 16, 2010 10:32am Apr 16, 2010 10:32am
13507 has kept the retrace at bay. not sure whether a little long here would be a nice play for the remaining couple of hours.
  • #227,150
  • Apr 16, 2010 10:34am Apr 16, 2010 10:34am
Here is our weekly down trend, not EOW yet, currently sitting above 2 weekly support zones.
Attached Image
Prices oscillate, trends persist. Trend is your friend.
  • #227,151
  • Apr 16, 2010 10:34am Apr 16, 2010 10:34am
Quoting Redeemed1
Usually a weaker Dow leads to a stronger USD...this will likely be the case IMO. Next week, hurting PIIGS and potentially a weaker DOW could bring the bears out.
Made sense! I like the Hurting Pigs quote.
  • #227,152
  • Apr 16, 2010 10:34am Apr 16, 2010 10:34am
Quoting Clouds
Let me see if I can explain this right.

Here's what I don't get....
yea totally agreed on tt point. well tho i have tons of bankers friends, but i never trust bank products or e bank itself, i always believe in doing what i know, as i know myself best and i know what i know.

public consumers are always at a disadvantage. its a dog eat dog world. however, if they dont invest, what happens to their retirement.. yet if they invest, they're at the mercy of having insufficient knowledge or no choice but to trust the banks. or if they set up business, they have to absorb the risks..

its humans nature to seek the best possible/advantageous approach for themselves. and of course it applies to firms, so we blame them or wat. at end of the day, its us. people. even us, we also try to find loopholes, so we dont get into trouble, or seek returns... we always try our best to make it perfect, but there's no true perfection. its all approximate. all in all its juz a fk up world. even i also do it, i believe most would. because of this, even if the global economy were to change, new problems would arise.

i'm happy enough if i can protect myself, noone is able to protect/help anyone else on a regular basis... how much can we do

but logically speaking yes, those firms are ass man... doing something they dont believe, i just pity those that did really invest.
  • #227,153
  • Apr 16, 2010 10:36am Apr 16, 2010 10:36am
Quoting Mr J
In my limited experience, I've never had a poor entry yield a profit.
I wa specifically speaking of "bad trades" overall, not just poor entries, that's only one component of any trade.

I've made trades that netted mass pips back in my earlier days of trading but in hindsight had no real idea why I was in the trade, maybe it just seemed like a good idea at the time or more likely someone on this board was goin that direction... who knows? And of course the Flip Side was I eventually gave them all back for the same reasons.


Bottom line, if you can Defend your trade based on whatever tools and strategy you understand at the time, then it's got a better chance of being a good (and successful) trade, otherwise it's just probablyjust jumpin on someone else coattails, or a coin flip. Those will work to some degree, but it that ain't Tradin....

Lots of people a'rd do that I know, but this guy was lookin for input, and THAT'S gettin rare... we don't want to lose that kind of member.
FUBAR...
  • #227,154
  • Apr 16, 2010 10:39am Apr 16, 2010 10:39am
Quoting Clairvoyant
but logically speaking yes, those firms are ass man... doing something they dont believe, i just pity those that did really invest.
i dont even know the story about goldman, what exactly did they do to investors
  • #227,155
  • Apr 16, 2010 10:44am Apr 16, 2010 10:44am
Let's do a poll whether Greece will be bailed out by EU?

I say they won't be. -1
Prices oscillate, trends persist. Trend is your friend.
  • #227,156
  • Apr 16, 2010 10:46am Apr 16, 2010 10:46am
Quoting jsspmk
Let's do a poll whether Greece will be bailed out by EU?

I say they won't be. -1
most definately.. the effects would be to large if they didnt..

unless they are trying to rip the euro to pieces..
  • #227,157
  • Apr 16, 2010 10:46am Apr 16, 2010 10:46am
Quoting Clouds
i dont even know the story about goldman, what exactly did they do to investors
They attracted investors to their sub-prime folio, watched them invest in the sub-prime morts., and bet dollar for dollar against them. That's the "nutshell" version.
  • #227,158
  • Apr 16, 2010 10:47am Apr 16, 2010 10:47am
Quoting Redeemed1
They attracted investors to their sub-prime folio, watched them invest in the sub-prime morts., and bet dollar for dollar against them. That's the "nutshell" version.
to the tune of $1 billion
hang on to your bread......unless you want toast
  • #227,159
  • Apr 16, 2010 10:48am Apr 16, 2010 10:48am
Quoting domino
most definately.. the effects would be to large if they didnt..

unless they are trying to rip the euro to pieces..
The effects would be large if they DO...either way EU is damaged bad
  • #227,160
  • Apr 16, 2010 10:49am Apr 16, 2010 10:49am
Quoting jsspmk
Let's do a poll whether Greece will be bailed out by EU?
Attached Image


Oh, they'll Bail them out all right, but will the Ripcord work is another poll... and then you land on top of the guy's chute below YOU....

So that's a Sorta No for me...
FUBAR...
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