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  • #331,361
  • Nov 23, 2010 12:33pm Nov 23, 2010 12:33pm
I know it's tempting to stick with the short bias - seeing where we're trading into though I'd be careful holding any positions overnight, especially this time of the year. That area broken though will be a game changer.
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"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #331,362
  • Nov 23, 2010 12:37pm Nov 23, 2010 12:37pm
Quoting vinesh2
Geeesh! my prediction was wrong this time around 329261. We should consolidate here for the rest of the day but I think this lose will be reversed in a a very volatile manner.
considering how strong the eu is right now and the upcoming conflict in Korea i can see how you'd think that.

stan
  • #331,363
  • Nov 23, 2010 12:37pm Nov 23, 2010 12:37pm
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good luck all
  • #331,364
  • Nov 23, 2010 12:38pm Nov 23, 2010 12:38pm
Quoting druckenmillr
good, its on the list bypass now.
those who can, do. those who cant, talk about those who can
  • #331,365
  • Nov 23, 2010 12:40pm Nov 23, 2010 12:40pm
Can you see any PA on this chart? No idea how people trade off this kind of stuff - pretty indicative as to where in their trading career people are - really, no offense - I'd consider KISS.
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #331,366
  • Nov 23, 2010 12:47pm Nov 23, 2010 12:47pm
Quoting teemo
Can you see any PA on this chart? No idea how people trade off this kind of stuff - pretty indicative as to where in their trading career people are - really, no offense - I'd consider KISS.
did your mean to attach a chart?

stan
  • #331,367
  • Nov 23, 2010 12:51pm Nov 23, 2010 12:51pm
Oops -meant to reply to #331441


Quoting druckenmillr
did your mean to attach a chart?

stan
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #331,368
  • Nov 23, 2010 12:56pm Nov 23, 2010 12:56pm
Quoting cloggie
Don't hold back now, that's no good, let it all out.
he must have a lack of fiber problem. i wasted my time and read a few of his post. i didn't do the math. but i will venture to say 95% were critical. of whoever, on the fist page. i didnt see the first part of any analysis. oh well, i will never get these 2 minutes back. i figure he is long with a margin call on his third account.
those who can, do. those who cant, talk about those who can
  • #331,369
  • Nov 23, 2010 12:59pm Nov 23, 2010 12:59pm
Quoting gatorinla
he must have a lack of fiber problem. i wasted my time and read a few of his post. i didn't do the math. but i will venture to say 95% were critical. of whoever, on the fist page. i didnt see the first part of any analysis. oh well, i will never get these 2 minutes back. i figure he is long with a margin call on his third account.
Most of us that know how to trade and make some decent calls here all have our little cyber stalkers. Envy sure is an ugly emotion.

Maybe that should replace the vouch system, count the stalkers.
  • #331,370
  • Nov 23, 2010 1:08pm Nov 23, 2010 1:08pm
i like the concept of hitting singles and doubles as a trader.

i rarely hit home runs and most are singles... as you can see.

i trade a retrace system.

many new traders get too enamored with the big wins... like... i'm up 400 pips this week... that may be but they fail to mention they were down 500 last week.

i'm more about capital preservation than winning. risk management is huge.
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  • #331,371
  • Nov 23, 2010 1:11pm Nov 23, 2010 1:11pm
Quoting druckenmillr
i like the concept of hitting singles and doubles as a trader.

i rarely hit home runs and most are singles... as you can see.

i trade a retrace system.

many new traders get too enamored with the big wins... like... i'm up 400 pips this week... that may be but they fail to mention they were down 500 last week.

i'm more about capital preservation than winning. risk management is huge.
Same here.

Jeeze forgot all about FOMC, nearly got an ass whipping there...

So what's the up shot? good, bad or indifferent?
  • #331,372
  • Nov 23, 2010 1:14pm Nov 23, 2010 1:14pm
Quoting druckenmillr
i like the concept of hitting singles and doubles as a trader.

i rarely hit home runs and most are singles... as you can see.

i trade a retrace system.

many new traders get too enamored with the big wins... like... i'm up 400 pips this week... that may be but they fail to mention they were down 500 last week.

i'm more about capital preservation than winning. risk management is huge.


what are your average singles?
  • #331,373
  • Nov 23, 2010 1:14pm Nov 23, 2010 1:14pm
Quoting FibbinArchie
Same here.

Jeeze forgot all about FOMC, nearly got an ass whipping there...

So what's the up shot? good, bad or indifferent?
i'll sit on the sidelines until the Asian session.

stan
  • #331,374
  • Nov 23, 2010 1:15pm Nov 23, 2010 1:15pm
Quoting FibbinArchie
Same here.

Jeeze forgot all about FOMC, nearly got an ass whipping there...

So what's the up shot? good, bad or indifferent?

Pretty serious signs of manipulation in the meetings, including yields and FX

http://www.bloomberg.com/news/2010-1...cmpid=msnmoney
  • #331,375
  • Nov 23, 2010 1:16pm Nov 23, 2010 1:16pm
Quoting druckenmillr
i'll sit on the sidelines until the Asian session.

stan
Sounds sensible Stan, but I do like the low liquidity moves, just scalping 5 to 10 pips at a time, amazing how quickly you can rack up profits...
  • #331,376
  • Nov 23, 2010 1:18pm Nov 23, 2010 1:18pm
Quoting mfoste1
what are your average singles?
15 pips i'm guessing... maybe more... not much more.

i think i'm up a whopping 35 today.

stan
  • #331,377
  • Nov 23, 2010 1:18pm Nov 23, 2010 1:18pm
bb in a min.. gotta wank... rubbing is good luck to account.
those who can, do. those who cant, talk about those who can
  • #331,378
  • Nov 23, 2010 1:19pm Nov 23, 2010 1:19pm
Quoting cloggie
Pretty serious signs of manipulation in the meetings, including yields and FX

http://www.bloomberg.com/news/2010-1...cmpid=msnmoney
Cheers Cloggs
  • #331,379
  • Nov 23, 2010 1:19pm Nov 23, 2010 1:19pm
quite a move isn't it.
and it's not over. by my calculations, we should go to 1.26 area by the end of the year. resistances above are -

short term: 1.3495 area
medium term: 1.3570 area, and then 1.3855 and 1.3985

all these levels are nice places to look for shorting opportunities - best r/r imo.
Nihil Sine Deo.
  • #331,380
  • Nov 23, 2010 1:20pm Nov 23, 2010 1:20pm
Quoting FibbinArchie
Same here.

Jeeze forgot all about FOMC, nearly got an ass whipping there...

So what's the up shot? good, bad or indifferent?
The best description would be uncertain . Check page 4. of the summary.
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