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  • #326,201
  • Nov 15, 2010 12:13pm Nov 15, 2010 12:13pm
Quoting Guitarfx
I imagine it was a stressful day for anyone long but could you not say that about any day if guessing the direction wrong?
I've been short since friday and have had and am continuing to have alovely day.
guessing the direction is not the whttp://cdn.forexfactory.com/attachme...1&d=1289530848ay i trade
  • #326,202
  • Nov 15, 2010 12:14pm Nov 15, 2010 12:14pm
Quoting gatorinla
guys i don't smoke.. it was a sexual under-toned joke. well unless you count a turkey b4 Christmas.. but they are hard to keep lit.
shorts still in play..what do you think? if so my target is 3523
  • #326,203
  • Nov 15, 2010 12:14pm Nov 15, 2010 12:14pm
Quoting SkyzerFX
According to Drcw Niv.

chief executive of FXCM,

" If 15 % of day traders are profitable, I'd be surprised."

"To secure this constant flow of clients, brokers spend vast amounts of money on
marketing schemes that I am sure you have been the target of in the past. They will
try everything from huge internet advertising campaigns to direct mail offerings,
even going as far as holding trading "conferences" or "seminars". In the end. you
can rest assured that they want a return on their investment : your money"
then they are doing a poor job with their clients.
those who can, do. those who cant, talk about those who can
  • #326,204
  • Nov 15, 2010 12:17pm Nov 15, 2010 12:17pm
Quoting Pipwanderer
shorts still in play..what do you think? if so my target is 3523
mine are. but im in another boat. id wait for a pullback. why not cherry trade,

why risk 10 pips to get 20? when you can risk 10 pips and get 100 +..
those who can, do. those who cant, talk about those who can
  • #326,205
  • Nov 15, 2010 12:18pm Nov 15, 2010 12:18pm
Quoting nawafasad1
guessing the direction is not the whttp://cdn.forexfactory.com/attachme...1&d=1289530848ay i trade
I should hope not! Me neither!
  • #326,206
  • Nov 15, 2010 12:21pm Nov 15, 2010 12:21pm
Can anyone sugeest a platform where I can get the volumes related to the buying and selling that are so often mentioned in this thread?
Cheers,
Jim
  • #326,207
  • Nov 15, 2010 12:23pm Nov 15, 2010 12:23pm
Do I sense a little frustration coming out Skyzer? Anyway I thought it was 95% who lose money...
  • #326,208
  • Nov 15, 2010 12:23pm Nov 15, 2010 12:23pm
Quoting Munal
Guys till then check some photos of my country......... so could be fresh to prepare for the NY session....
very beautiful... all mountains are two times bigger then the mountains I have here in switzerland.

Is everything bigger in nepal?
this pig cannot be slaughtered for ever... or can it?
  • #326,209
  • Nov 15, 2010 12:27pm Nov 15, 2010 12:27pm
it seems that the e/u is creating a bottom in the short term
Pecunia non olet
  • #326,210
  • Nov 15, 2010 12:27pm Nov 15, 2010 12:27pm
Quoting gatorinla
then they are doing a poor job with their clients.
"Going by the figures posted by one prominent broker in their "mini" trading
contest, four hundred participants with a minimum of $500 in their accounts were
involved in the monthly trading contest, which gave out cash prizes to the top
three performers ($2500, $1000, and $500 as measured on a monthly percentage
return basis. Out of the four hundred accounts, the top three winners all recorded
monthly returns in excess of 200 %. Most probably these guys simply leveraged
their accounts to the max, picked a volatile pair, closed their eyes, and bought.
Not much skill was involved in that brilliant strategy.
The really interesting part comes when we shift the attention away from the winners and focus instead on
the results of the rest of the field. Out of four hundred participants, Less than 150
finished the month above breakeven (a surprisingly high number,
actually), and the
rest finished with a losing record. or those with losing records, 55 recorded losses
in excess of 95 %; in other words, their accounts were completely wiped out. Now
if we compare the payout the broker made to winners ($4000) versus the accounts
that were blown-up (at least $27 000) you quickly get an idea of who exactly the
winners in this game are."

Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #326,211
  • Nov 15, 2010 12:31pm Nov 15, 2010 12:31pm
Quoting SkyzerFX
"Going by the figures posted by one prominent broker in their "mjni" trading
contest, four hundred participants with a minimum of $500 in their accounts were
involved in the monthly trading contest, which gave out cash prizes to the top
three performers ($2500, $1000, and $500 as measured on a monthly percentage
return basis. Out of the four hundred accounts, the top three winners all recorded
monthly returns in excess of 200 %. Most probably these guys simply leveraged
their accounts to the max, picked a volatile pair, closed their eyes,...
then dont trade....although i wouldnt want that because you're probably paying me atm....
  • #326,212
  • Nov 15, 2010 12:32pm Nov 15, 2010 12:32pm
Quoting FibbinArchie
Do I sense a little frustration coming out Skyzer? Anyway I thought it was 95% who lose money...
He's pissed he was wrong...yet again. I get that...but I've never seen someone so adamantly swear they did't screw up. I always wish him luck, though. Hopefully he took my advice and is now trading the opposite of his impulses when it comes to this pair...
  • #326,213
  • Nov 15, 2010 12:32pm Nov 15, 2010 12:32pm
Quoting mfoste1
though i wouldnt want that because you're probably paying me atm....
And me.
  • #326,214
  • Nov 15, 2010 12:33pm Nov 15, 2010 12:33pm
Quoting mfoste1
then dont trade....
Correct !! Tell him what he's won, Bobby !!
Si vis pacem, para bellum.
  • #326,215
  • Nov 15, 2010 12:33pm Nov 15, 2010 12:33pm
Quoting PriceVolume
He's pissed he was wrong...yet again. I get that...but I've never seen someone so adamantly swear they did't screw up. I always wish him luck, though. Hopefully he took my advice and is now trading the opposite of his impulses when it comes to this pair...

At least when he goes down, he does it in style...

Some are just trading pennies so can wait for price to come their way, and then we'll get 100 pages of how right they were.
  • #326,216
  • Nov 15, 2010 12:35pm Nov 15, 2010 12:35pm
Quoting PriceVolume
He's pissed he was wrong...yet again. I get that...but I've never seen someone so adamantly swear they did't screw up. I always wish him luck, though. Hopefully he took my advice and is now trading the opposite of his impulses when it comes to this pair...
Having an inflexible bias can be expensive...
  • #326,217
  • Nov 15, 2010 12:36pm Nov 15, 2010 12:36pm
Quoting FibbinArchie
Having a inflexible bias can be expensive...

Liquidity providers are needed too.
  • #326,218
  • Nov 15, 2010 12:37pm Nov 15, 2010 12:37pm
Quoting cloggie
At least when he goes down, he does it in style...

Some are just trading pennies so can wait for price to come their way, and then we'll get 100 pages of how right they were.
A true Bon Jovi moment...down in a blaze of glory.
  • #326,219
  • Nov 15, 2010 12:38pm Nov 15, 2010 12:38pm
Quoting mfoste1
then dont trade....although i wouldnt want that because you're probably paying me atm....
I'm sure you are the FIRST between those 55 complete losers..

Keep buying Dollar and you are broke.

I never lost even 1 dollar of Principal invested in Forex.. I did lose

some profits, yes..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #326,220
  • Nov 15, 2010 12:39pm Nov 15, 2010 12:39pm
Quoting cloggie
Liquidity providers are needed too.
I don't wish ill on anyone in this business, but yeah at the end of the day it is a zero sum game and we need people to take the other side of our trades, so it's all good.
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