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  • #309,041
  • Oct 18, 2010 5:20pm Oct 18, 2010 5:20pm
Quoting Purple
Financial Markets is a Zero Sum game.. somebody has to loose for someone to win.. money just changes hands.
That is the point .. I can see you are pretty old in the game. It is just a GAME, that's all it is .. NOT a business.

@ Malcolm, Central bank traders are the biggest market movers .. they trade regular sessions and do not necessarily trade for profit except China. The rest just square positions to protect against currency fluctuations and their local currencies from strengthening and weakening at random with regard to the countries fiscal policies. That is why BIS may be selling and ACB's buying at the same time to contain major unprecedented moves caused by economic calenders - which speculators thrive on.
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #309,042
  • Oct 18, 2010 5:21pm Oct 18, 2010 5:21pm
i c 3901 bounce and some support. with a target at 3909.9 st... 3951 as resistance.
those who can, do. those who cant, talk about those who can
  • #309,043
  • Oct 18, 2010 5:25pm Oct 18, 2010 5:25pm
One more thing about Euro and Pound.. open price are seldom the high or low of that day too.. its like a gap thing.. the way market always goes to fill the gap.. it also tries to break the open price higher or lower depending on direction its taking.. maybe thats why we saw that bull run in Euro today.. coz all day long open price was today's high which is not usual..

Today's GBP open price is 158.91 which is also the high for the day.. so it should ideally break that higher, even if its by just 1 pip before going down.. orelse I would be wary of any straight down move from here and would look to buy lower instead of selling.. current price is 158.79.. just something i noticed.. only when we have like epic crash we get such moves like open is high.. and I prefer to stay out of epic crashes than trying to cash on it..
  • #309,044
  • Oct 18, 2010 5:26pm Oct 18, 2010 5:26pm
Quoting Popee83
That is the point .. I can see you are pretty old in the game. It is just a GAME, that's all it is .. NOT a business.

@ Malcolm, Central bank traders are the biggest market movers .. they trade regular sessions...

this is definitely a business last time i checked, the people who dont treat it like a business usually dont last very long.
  • #309,045
  • Oct 18, 2010 5:27pm Oct 18, 2010 5:27pm
Quoting gatorinla
if 3951 dont hold i close my scalp.
if you're scalping like this, do you keep them after reaching their targets, or are those closed and forgot about afterwards?
  • #309,046
  • Oct 18, 2010 5:28pm Oct 18, 2010 5:28pm
Quoting Popee83
"I have wondered the same thing for years. I agree with your assessment. It seems like it should be the other way around. There has to be some kind of a story as to why "Bulls and Bears" were chosen, but I don't know it.

I have looked deeper into this bull/bear dichotomy and have come up with these conclusions. Bears do hibernate each year for a long time. Contrary to what you see on the Discovery channel, bears aren't all that aggressive all the time and are pretty laid back most of the time. They have to work hard for their food, and there...
you dont beleive in bear power
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  • #309,047
  • Oct 18, 2010 5:30pm Oct 18, 2010 5:30pm
you think trend lines are nothing
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  • #309,048
  • Oct 18, 2010 5:31pm Oct 18, 2010 5:31pm
Still hanging in here G... May not hold 1.3927 though.... Dow still tipping lower

Would like how you c 1.3901 though

Quoting pipper
Took a cheeky long... If it breaks 1.3927, i'm out
Disclaimer: Check your 1m charts
  • #309,049
  • Oct 18, 2010 5:32pm Oct 18, 2010 5:32pm
Quoting mfoste1
this is definitely a business last time i checked, the people who dont treat it like a business usually dont last very long.
That is where we get it all wrong, it is just a GAME. A zero sum game. All you need to know are the rules. Unfortunately, the rules are the most difficult part to learn.
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #309,050
  • Oct 18, 2010 5:35pm Oct 18, 2010 5:35pm
Quoting Popee83
That is where we get it all wrong, it is just a GAME. A zero sum game. All you need to know are the rules. Unfortunately, the rules are the most difficult part to learn.

the theory of the business is based off of game
  • #309,051
  • Oct 18, 2010 5:35pm Oct 18, 2010 5:35pm
Quoting nawafasad1
you dont beleive in bear power
Nope mate. I just believe in being on the right side of the game at any one particular time.
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #309,052
  • Oct 18, 2010 5:36pm Oct 18, 2010 5:36pm
Quoting Popee83
That is the point .. I can see you are pretty old in the game. It is just a GAME, that's all it is .. NOT a business.
Its can be a second source of income.. for me it just pays for things I dont really need in my life, like expensive phone or top notch laptop.. but I dont depend on markets to pay for my house mortgage.
  • #309,053
  • Oct 18, 2010 5:37pm Oct 18, 2010 5:37pm
Do you mark off or update levels througout the day G or do you set your levels before the day
Disclaimer: Check your 1m charts
  • #309,054
  • Oct 18, 2010 5:40pm Oct 18, 2010 5:40pm
Quoting mfoste1
the theory of the business is based off of game

I still insist it is JUST a GAME. You can look at it any way you want to. It only becomes a business once QE gets in, and then once the excitement is done, it reverts back to being a GAME of numbers.
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #309,055
  • Oct 18, 2010 5:41pm Oct 18, 2010 5:41pm
Quoting Mr Hatch
if you're scalping like this, do you keep them after reaching their targets, or are those closed and forgot about afterwards?
im playing it by ear. im hoping it free falls while im in.. if so ill keep it.. 3983 is the old 3953... we are in normal range of this pairs pa. atm.. keep in mind thats off a weekly tf.. so there may be many small movements like today within it. to answer your question.. i dont know yet.. it looks like it wants to make another attempt at 51 atm... 51 55 56 is a st ceiling.
those who can, do. those who cant, talk about those who can
  • #309,056
  • Oct 18, 2010 5:42pm Oct 18, 2010 5:42pm
Quoting Purple
Its can be a second source of income.. for me it just pays for things I dont really need in my life, like expensive phone or top notch laptop.. but I dont depend on markets to pay for my house mortgage.
Me too, i work. On Monday I go back from leave. I don't know what it will take for folks to understand it is just a game. A dirty one for that matter.

I can bet a lot of folks are short EU following that twilight sucker play. They will see it is just a GAME. The rules of the game still stand - you mess, you are punished. Businesses don't punish.

Central banks are the referees. Then the Fed and such other bodies are the team managers.
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #309,057
  • Oct 18, 2010 5:43pm Oct 18, 2010 5:43pm
Quoting Popee83
I still insist it is JUST a GAME. You can look at it any way you want to. It only becomes a business once QE gets in, and then once the excitement is done, it reverts back to being a GAME of numbers.
qe may already be priced in...
those who can, do. those who cant, talk about those who can
  • #309,058
  • Oct 18, 2010 5:44pm Oct 18, 2010 5:44pm
I'm long 3925 looking at 15min fibs and retracements.
  • #309,059
  • Oct 18, 2010 5:45pm Oct 18, 2010 5:45pm
Quoting pipper
Do you mark off or update levels througout the day G or do you set your levels before the day
long term ones are already posted.. im just scalping what in front of me. i hate scalping
those who can, do. those who cant, talk about those who can
  • #309,060
  • Oct 18, 2010 5:47pm Oct 18, 2010 5:47pm
Three words of the day......1) POMO.....2) MARGIN (3) CONTRACTION

Oh, and by the way, real money does everything in their power not to telegraph their positions and stops. Those that actually move the market only use market depth positions for deception.....I'm sure it can be used as a useful suckerfish tool, though....
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