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  • #267,341
  • Jul 6, 2010 12:45am Jul 6, 2010 12:45am
Quoting talentfx
one name warren buffet long term trader problably only trades once or twice a year even when he was starting out if your in and out of the market all the time it will eat you up everytime
In and out works pretty well on a volatile market with 0.9 spread.

As soon as I enter a trade @ the right place, it turns black quickly. SL is put back on BE. A couple of us here is doing exactly like this. Free trade ftw.

One do not need few hundred pips to earn a living. a few big trades with 20-50pips in a large acc size is more than enough.
  • #267,342
  • Jul 6, 2010 12:46am Jul 6, 2010 12:46am
Okay, then why do you think the sharpest minds in the business would only make 2 trades per year? Think about it, if you knew the Euro would drop from 1.51 to 1.19, would you make one short and leave it at that? Why would you not then follow up with additional shorts? Even if you had no idea of when and how far small retracements would last (and I can assure you that these can be traded profitably), there's no reason for just one or two shorts.

I saw you mentioned you are in college for Economics. I wouldn't rely on it too heavily for trading purposes, as there don't seem to be many economists who can trade skillfully. After all, there's a reason they hold the position of an economist, rather than a large trading fund!

Quote
one name warren buffet long term trader problably only trades once or twice a year

I have no idea how often he trades, and I don't know all that much about the man, but from what I gather he's more of a businessman than a trader. And, he's had decades upon decades to achieve what he has. Compared to other top participants he fares poorly (though obviously he compares very favourably to the "industry average").

Quote
if your in and out of the market all the time it will eat you up everytime

There are many (thought obviously a very small minority of overall participants) who would disagree with you.
  • #267,343
  • Jul 6, 2010 12:46am Jul 6, 2010 12:46am
go long im tellin ya
Ambition
  • #267,344
  • Jul 6, 2010 12:47am Jul 6, 2010 12:47am
Quoting bad$ala
Standard Deviation Channel
Attachment
im a bit off in entry short but i test this channel.
Attached Image (click to enlarge)
Click to Enlarge Name: badsala01.gif Size: 24 KB


good morning, just woke up, my TP reached overnight. i should have added more lots.
  • #267,345
  • Jul 6, 2010 12:47am Jul 6, 2010 12:47am
Quoting Mr J
Okay, then why do you think the sharpest minds in the business would only make 2 trades per year? Think about it, if you knew the Euro would drop from 1.51 to 1.19, would you make one short and leave it at that? Why would you not then follow up with additional shorts? Even if you had no idea of when and how far small retracements would last (and I can assure you that these can be traded profitably), there's no reason for just one or two shorts.

I saw you mentioned you are in college for Economics. I wouldn't rely on it too heavily for trading purposes,...

I think that guy is just trolling people. Best just save your breath.
  • #267,346
  • Jul 6, 2010 12:48am Jul 6, 2010 12:48am
Quoting talentfx
speculation
Chill out everyone... I don't think we should reply on these comments...

I appreciate your worries about us, mate but the only one thing I can say:
if you trade only 2 trades a year and you have your technical analysis... then fine! Just don't come here to share your "cleverness"... or share it and go away! You don't need our replies to be full of confident about your own stuff!

Cheers!
  • #267,347
  • Jul 6, 2010 12:48am Jul 6, 2010 12:48am
Quoting Mr J
Okay, then why do you think the sharpest minds in the business would only make 2 trades per year? Think about it, if you knew the Euro would drop from 1.51 to 1.19, would you make one short and leave it at that? Why would you not then follow up with additional shorts? Even if you had no idea of when and how far small retracements would last (and I can assure you that these can be traded profitably), there's no reason for just one or two shorts.

I saw you mentioned you are in college for Economics. I wouldn't rely on it too heavily for trading...
of course they add to there postions at key points but they trade one direction once or twice a year and who do you think the large trading funds hire for economic advice or do they trade by the seat of thier pants
Ambition
  • #267,348
  • Jul 6, 2010 12:49am Jul 6, 2010 12:49am
Quoting Mr J
Okay, then why do you think the sharpest minds in the business would only make 2 trades per year? Think about it, if you knew the Euro would drop from 1.51 to 1.19, would you make one short and leave it at that? Why would you not then follow up with additional shorts? Even if you had no idea of when and how far small retracements would last (and I can assure you that these can be traded profitably), there's no reason for just one or two shorts.

I saw you mentioned you are in college for Economics. I wouldn't rely on it too heavily for trading purposes,...

Yea, no kidding. College professor is a professional bull$hiter. They teach one theory, but in reality its all theory, and aren't practical. If I was a professor and made big fortune on what I can teach, I personally wouldn't be teaching.........
  • #267,349
  • Jul 6, 2010 12:49am Jul 6, 2010 12:49am
Quoting talentfx
lol who cares about an oxford comma?
Well not me for sure but then you're the one that made a point out of going to college on the other hand one might be able to puzzle out wth you were trying to say if we knew when one thought ended and another one began just sayin'... :nerd:
FUBAR...
  • #267,350
  • Jul 6, 2010 12:50am Jul 6, 2010 12:50am
Quoting talentfx
one name warren buffet long term trader problably only trades once or twice a year even when he was starting out if your in and out of the market all the time it will eat you up everytime
Wrong!

Read!

http://www.amazon.com/Snowball-Warre.../dp/0553805096
Not all sins are created equal
  • #267,351
  • Jul 6, 2010 12:50am Jul 6, 2010 12:50am
Quoting Atomanti
Chill out everyone... I don't think we should reply on these comments...

I appreciate your worries about us, mate but the only one thing I can say:
if you trade only 2 trades a year and you have your technical analysis... then fine! Just don't come here to share your "cleverness"... or share it and go away! You don't need our replies to be full of confident about your own stuff!

Cheers!
hey hey im just talkin here like the post seem like a great bunch of people (politically correct) and i am sharing buy euro nk pumkin
Ambition
  • #267,352
  • Jul 6, 2010 12:53am Jul 6, 2010 12:53am
Quoting billymoney
In and out works pretty well on a volatile market with 0.9 spread.

As soon as I enter a trade @ the right place, it turns black quickly. SL is put back on BE. A couple of us here is doing exactly like this. Free trade ftw.

One do not need few hundred pips to earn a living. a few big trades with 20-50pips in a large acc size is more than enough.
may i know which broker are u using with 0.9 spread
  • #267,353
  • Jul 6, 2010 12:54am Jul 6, 2010 12:54am
Oanda.
  • #267,354
  • Jul 6, 2010 12:55am Jul 6, 2010 12:55am
Quoting ak4x
Well not me for sure but then you're the one that made a point out of going to college on the other hand one might be able to puzzle out wth you were trying to say if we knew when one thought ended and another one began just sayin'... :nerd:
there all replies sir read some more
Ambition
  • #267,355
  • Jul 6, 2010 12:56am Jul 6, 2010 12:56am
Quoting talentfx
hey hey im just talkin here like the post seem like a great bunch of people (politically correct) and i am sharing buy euro nk pumkin

I think its best to back it up with points. Sky style....
  • #267,356
  • Jul 6, 2010 12:57am Jul 6, 2010 12:57am
any ways feel like im getting unpopular IM with ya not against you I will listen to your ideas dont trash on mine
Ambition
  • #267,357
  • Jul 6, 2010 12:59am Jul 6, 2010 12:59am
Quoting 4xmaker
I think its best to back it up with points. Sky style....
ok im long at 1.2550 eurusd right at the top but rode it all the way up last week healthy profits
Ambition
  • #267,358
  • Jul 6, 2010 12:59am Jul 6, 2010 12:59am
Quoting talentfx
im in college for economics supply and demand the demand for money lets say the dollar is very high so supply is increased which in turn lowers the value
not all the printing was ever put in the system. such as bank tarp. it was held in reserve and never put into the system to prop up banks. atm u.s. banks are still lending less. so money is tight in the private sector. the economy is weakening so mom and pop business's have 2008/2009 still on the books to get a loan. a bad track records will insure less loans. so banks and other companies are buying back their stock. But not spending. Si the u.s. economy will suck.. so the u.s. will buy less of European products. In turn EMU union is printing to prop up broke banks. (broke countries saving broke banks with fresh ink) They are also tightening policy insuring stagnation. With higher taxes. It all sounds great on paper. But tell me this... with Asia selling products cheaper and euro gone higher. who will buy Europe's products? i don't mean a few beamers. i mean more then is being sold atm? High social cost and rising unemployment is a mofu..
those who can, do. those who cant, talk about those who can
  • #267,359
  • Jul 6, 2010 12:59am Jul 6, 2010 12:59am
http://www.monster-munch.com/images/SomeoneIsWrong.jpg
Not all sins are created equal
  • #267,360
  • Jul 6, 2010 1:00am Jul 6, 2010 1:00am
Quoting Atomanti
Good morning everybody,

So what's your next move, mate? Do you think 1.2550 will be a strong RES again so you can call a SHORT?

cheers
Good morning to you & all .
strong support hold it so far 1.2480 , true and still not doing it simply from a support resistant alone , the price pattern if likely great failure even the bull remain intact . yes , anything can happen in forex and great buy also there at the support for sure as in daily , h4 tf seeing.but may not be enough to convince the bull , they are trying hard to resume is all time true & when fails this die hard should be massive .
The daily tf showing great buy but itself in a fragile condition as in bull rally right now 4th candle & only price at 2526 & down will abort this bull & so standing on a blade edge only now .

thanks ,
fontu
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