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  • #326,261
  • Nov 15, 2010 1:48pm Nov 15, 2010 1:48pm
Quoting druckenmillr
any real contest would take into account drawdown and floating PL.

they aren't using stops and are leveraged like fannie and fredie.

stan
Those "traders" gambled as they opened full 10 lots and got lucky enough to win.

Im pretty self disciplined in the ways of MM so I cannot take those contests seriously enough.
  • #326,262
  • Nov 15, 2010 1:52pm Nov 15, 2010 1:52pm
so... if banks win all the time who are they taking money from?

retail traders? NO

we are insignificant in this arena.

the entire lot of us make up about 12% of the total volume.

stan
  • #326,263
  • Nov 15, 2010 1:53pm Nov 15, 2010 1:53pm
Quoting DrLobo
Its a 0 sum game so why are you trying to say that all the profesionals are winners. How is this possible ?

Alot of people just jumped out the woodworks with some rediculous boasts in the last hour.
I'am sorry I dont understand how your comment relates to my post.
making green pips large and red pips small this is my goal.
  • #326,264
  • Nov 15, 2010 1:54pm Nov 15, 2010 1:54pm
Quoting FibbinArchie
Of course pros lose, losing is part of the business, but they lose small that's the difference, because they predefine risk and adhere to money management rules.
I personally know of a money manager later last year blew one of his hole accounts which was 12 million dollars.

Here is another example:

Long-Term Capital Management L.P. (LTCM) was a hedge fund management firm based in Greenwich, Connecticut that utilized absolute-return trading strategies (such as fixed-income arbitrage, statistical arbitrage, and pairs trading) combined with high leverage. The firm's master hedge fund, Long-Term Capital Portfolio L.P., failed spectacularly in the late 1990s, leading to a massive bailout by other major financial institutions,[1] which was supervised by the Federal Reserve.
LTCM was founded in 1994 by John Meriwether, the former vice-chairman and head of bond trading at Salomon Brothers. Board of directors members included Myron Scholes and Robert C. Merton, who shared the 1997 Nobel Memorial Prize in Economic Sciences.[2] Initially enormously successful with annualized returns of over 40% (after fees) in its first years, in 1998 it lost $4.6 billion in less than four months following the Russian financial crisis and became a prominent example of the risk potential in the hedge fund industry. The fund was closed in early 2000.
  • #326,265
  • Nov 15, 2010 1:56pm Nov 15, 2010 1:56pm
Quoting paul1
I'am sorry I dont understand how your comment relates to my post.
Lol, yeah it is all getting a bit random...
  • #326,266
  • Nov 15, 2010 1:57pm Nov 15, 2010 1:57pm
Quoting gatorinla
before and after sky
I like your style.. If I work for Bernanke team, I'd definitely

hired you as a promoter of the Fed course

Point is not 1260 or 1300 or whatever.. Gold going much higher,

in the next 2 years at least, but then, I don't see why trend should reverse

other than complete Dollar collapse and exchange for different currency such as "Amero" or whatever.

So why would anyone sell GOLD knowing that it more likely will push

new highs in coming month, other than flip flap daily traders getting

couple of pips on counter trade here and there... SELL DOLLAR, BUY GOLD.. Copy that

make it red in 128 size Verdana Font and stick to your bedroom door.

Or better loan your house out and buy gold and let FEDs pay for your

prosperity, (let those idiots inflate their own money!!!) that's was my initial plan in 2005..
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  • #326,267
  • Nov 15, 2010 1:58pm Nov 15, 2010 1:58pm
Quoting T@rantula
Long term is unclear yes. 1.33 level needs to hold for a retest of previous highs.

There is no clear trending on higher TFs so I dont trade it now.
yes, The problem i trade on higher TF and weekly and daily still Up to me but u see huge bearish pressure last few days so no long entry
4h Hanging between 1.40 and 1.3570 break 1.3570 on 4h mean 1.3360 which is my TL on daily and give more chance to reverse down!
Is that what big players going to...


No perfect entry I can c so far
Maybe Maybe small position Long @1.36 sl so tight under today low 1.3570
  • #326,268
  • Nov 15, 2010 2:01pm Nov 15, 2010 2:01pm
Hi,

Well your first line is "But I see this 95% figure referring to traders,But I been in business around 25 years and that figure certainly does not only apply to traders."

Well as zero sum game traders are doing battle against each other, someone wins and someone has to loose.

I am trying to say this game is just not about trendlines and trends. It is so far ... but speaking from statistician point of few (I tried to explain this earlier) no matter how good your system is back tested, your next 20 trades may no matter how well executed to plan they were, they may all turn out to be loosers. Its not that you did anytthing wrong , you followed everything that you done in the past but your next 20 trades can still turn out to be loosers.

I also think some other comments shown how ppl get carried away like Skyzer, who said that he never had a looser before ... despite spending all last week yelling about dollar at 1.4000 by end of Monday.



Quoting paul1
I'am sorry I dont understand how your comment relates to my post.
  • #326,269
  • Nov 15, 2010 2:02pm Nov 15, 2010 2:02pm
With all due respect, it's down 700 basis points in the last 8 trading days, am I missing something?
  • #326,270
  • Nov 15, 2010 2:04pm Nov 15, 2010 2:04pm
Quoting egkid
Hey bro
Happy feast aid
http://www.forexfactory.com/showpost...stcount=325601
Same to you brother , sure , now resting in peace though .
thans & usdx I see at the same & bought eu too.

coincidence .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: usdx2.gif Size: 11 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #326,271
  • Nov 15, 2010 2:12pm Nov 15, 2010 2:12pm
Quoting mokonni
10 years ago I placed an U.S. flag in my cherry tree and told my neighbor: If this flag is no more, America is bankrupt.Today this flag is just a scrap and has no more color. But still, it hangs.I give this flag maximal 3 more winters....

OHH noo--mokonni--You are one of them ?..LOL--Do you know how long they
have been saying America is going to collapse --the funny thing is we collapse alot but we just keep getting up---it's what we do--infact, we do it to amuse ourselves-FOR SPORT...lol
  • #326,272
  • Nov 15, 2010 2:15pm Nov 15, 2010 2:15pm
Quoting fontu
Same to you brother , sure , now resting in peace though .
thans & usdx I see at the same & bought eu too.

coincidence .
fontu
that is a strong neckline there..it needs to be broken
  • #326,273
  • Nov 15, 2010 2:16pm Nov 15, 2010 2:16pm
Quoting cloggie
Played it twice already, days like this is just a matter of finding the right levels and keep playing of them.

It is becoming boring, 85 pips out of 3 identical setups.

Quoting cloggie
3614 going will see 3580

Been a nice day so far.
  • #326,274
  • Nov 15, 2010 2:17pm Nov 15, 2010 2:17pm
heads up....http://www.forexfactory.com/showpost...stcount=326235
  • #326,275
  • Nov 15, 2010 2:17pm Nov 15, 2010 2:17pm
Quoting egkid
yes, The problem i trade on higher TF and weekly and daily still Up to me but u see huge bearish pressure last few days so no long entry
4h Hanging between 1.40 and 1.3570 break 1.3570 on 4h mean 1.3360 which is my TL on daily and give more chance to reverse down!
Is that what big players going to...


No perfect entry I can c so far
Maybe Maybe small position Long @1.36 sl so tight under today low 1.3570
I dont dismiss 1.44 levels but as U said 1.3360 needs to hold. Thats on my charts too but strictly as a possibility as I dont like to predict movements. U know me, i react
  • #326,276
  • Nov 15, 2010 2:18pm Nov 15, 2010 2:18pm
End of the day could get ugly
  • #326,277
  • Nov 15, 2010 2:22pm Nov 15, 2010 2:22pm
Quoting SugarTrade
End of the day could get ugly

We have moved 170 pips already today, nothing ugly is going to happen here.
  • #326,278
  • Nov 15, 2010 2:22pm Nov 15, 2010 2:22pm
hi guys.
  • #326,279
  • Nov 15, 2010 2:24pm Nov 15, 2010 2:24pm
Quoting cloggie
It is becoming boring, 85 pips out of 3 identical setups.




Been a nice day so far.

BUT Cloggie ... this time I stayed in until it reached 3580!!!!!
  • #326,280
  • Nov 15, 2010 2:24pm Nov 15, 2010 2:24pm
Quoting DrLobo
Skyzer, who said that he never had a looser before ... despite spending all last week yelling about dollar at 1.4000 by end of Monday.
I said I didn't lose PRINCIPAL balance invested overall, this doesn't mean

I don't have loses.. But anyways I wasn't aware of Ireland BS, when I

made that target.. It's a wrong timing.. I have not a single doubt that

Dullar going to drop back like a rock.. How many days it will stay afloat

and who's paying to promote Ireland "default" campaign, I think I have

a clue.. By the way, I don't have position in EU right now.. Not enough

momentum for me. Possibility to getting lower is there, but, for the same

time possibility for the Dollar to Drop dead even higher... So, I'll stick

to my game plan.. "Trade what you see" or "Trend is your fiend"

Those 2 are most stupid statements I ever read, cause according to this

95% of the Forex traders are either blind or have no clue what so ever what

trend means, or both....
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