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  • #345,081
  • Dec 13, 2010 5:30pm Dec 13, 2010 5:30pm
Quoting bbakker
Need 30K of profit to make it a 3:1er. Is that possible? (Checking the monthly charts now to see if that is!)
Really don't matter...

If a guy was that interested in losing money or holding onto dogshit forever, why not just go out and buy a Kia?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #345,082
  • Dec 13, 2010 5:30pm Dec 13, 2010 5:30pm
Quoting ZeusJoes
This day reminds me why I got out of trading a couple of years back. Took my first trade short at 1.33881 and have been in the red ever since. Looking at the chart now I don't really know what I was thinking and I'm considering closing out the trade. Have my tp set to 1.33195 and might hang on to it over night. If nothing else I'll learn a lesson (look at the daily befor pulling the trigger).

What was Zues thinking?
1. Damn I wish I had taken a buy earlier..................
2. Damn look at all those pips I'm missing.....................
3. As soon as it slows down I'll short it and make a little on the way back down..

I'm not being critical. The fact is your not the only one that was thinking that today. Just look at everyone posting sell positions fallowed with little cute praying hands.

Pick a setup...... any setup. "short after three hairy top candles" "long after three hairy butted candles" "inside bar break in the direction of trend" "pin bar brake".................................................or what ever you like but just trade that setup.

The hell with the pips you miss, the only ones that count are the ones you get..............

Good luck and play with a plan.
  • #345,083
  • Dec 13, 2010 5:31pm Dec 13, 2010 5:31pm
Quoting BrunargarFx
Not really. Silver is not mined as such but is a byproduct of gold and copper mining. Most of the silver is being used by the industry this is true but not replenished as fast. It is also a "precious metal" like gold or platinum BUT when bad times come, Silver coins are usually more affordable than gold (although still undervalued at the moment) and will keep you fed in case of a crash.
as in eating??
  • #345,084
  • Dec 13, 2010 5:32pm Dec 13, 2010 5:32pm
Quoting bbakker


I prefer to wait for a bottom to form 1st. I agree that it is very low on the curve, but the daily shows no signs of bottoming out as yet.

ye its a nice one---

the lower it go-the more i add onto it and,
the higher it go the more i bang into it.

win/win situation here

dont need a stoploss really -but you must can handle the swing --
we wont see lower as 1.3300 if we will go lower ..

sky is no limits --
  • #345,085
  • Dec 13, 2010 5:32pm Dec 13, 2010 5:32pm
Quoting bbakker
lol... you mean turd (3rd) time!
sorry i'm not english native .. I try and learn everyday :-) Thanks anyway for correct me.
  • #345,086
  • Dec 13, 2010 5:33pm Dec 13, 2010 5:33pm
Quoting Magix
10K pips? What size lot?

And WHY in the NAME of Fawk would you have done this?

This is not a trading account at all IMO...it's a coin toss hoping to get lucky that went horribly effing wrong!
gotta call the firefighter seems like lol
Attached Image


it's very simple. no trade is closed without a profit. there is only one trade at a time running and the equity there is enough to withstand anything short of the U.S being nuked. then we all have bigger problems.

of course, a trade going bad will make me stop trading that account. that's the deal.

you know, there's this little secret in the currency market. the pairs FLOAT. they don't DIVERGE forever.
  • #345,087
  • Dec 13, 2010 5:35pm Dec 13, 2010 5:35pm
No
That's not the way it works.
First I haven't finished the vid coz too long and I could not pause it. Went back to it later and got the marketing stuff.
Anyway.
Historically there is 40x more Silver than Gold. So price of silver should be 40x less than gold. Gold's value does not change (over90% of teh gold that has ever been mined is still in use today), the currencies (dollar) fluctuate around it. When dollar is weak, gold go high etc.

Silver is being extensively used for industrial purpose and it's not mined as gold would be (it's only a by product of mining)- at the moment silver is way undervalued. My take is that like gold price of silver is heavily manipulated.

But if bad times come, having a few silver coins in your pocket will keep you & yours fed while currency (or any paper asset) would not.

I think it's a good safety net if bad times come, besides it's increasing in value since 2003. And as for forex, you can use TA to spot when the price is going to reverse.




Quoting Scrat
oh yeah as for the gold/silver ratio, did you ever think that it could also go into the opposite direction... that is, gold is sooooooo much overvalued...

if silver is now 27 bucks an ounce, and silver/gold ratio is 1/16... that would put gold in the mid 400 bucks an ounce - now that would be a good price to buy wouldn't it?
  • #345,088
  • Dec 13, 2010 5:39pm Dec 13, 2010 5:39pm
Quoting dswk
just buy... again since this morning .. 3th time. @ 3383. SL P-10.
Why? I'm not being critical but just asking why.

1m, 5m, and 15m all point up but I'm wary of it crossing the 3400 resistance. I'm tempted to jump in for a long scalp but I can justify a short scalp also.

On the fence...
Don't Panic. Stay With You're Group.
  • #345,089
  • Dec 13, 2010 5:40pm Dec 13, 2010 5:40pm
I use the USDCHF as my main indicator for planing dollar related trades, as it reveals a lot about market fundamentals in addition the strength of the dollar, and hence went long this morning on the euro knowing that the usdchf is going to fall into the bottom of this daily channel...

thus to plan your trades from here on, you need to keep an on this channel, and as i am expecting/hoping that it will fall out and make new historic lows and my stack of shorts below 9520 will be activated until Easter. If this channel holds, the dollar should be back and the euro should reach some parity against the dollar, which is what most think, but i dont think thats likely given the dire US economy and the importance of the euro to the EU idea.

so easiest play as ive been saying for a week, is to look for long term shorts on usdchf, and watch for that channel wether to go long or short on euro!

good luck all

anna
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  • #345,090
  • Dec 13, 2010 5:40pm Dec 13, 2010 5:40pm
Quoting attila

it's very simple. no trade is closed without a profit. there is only one trade at a time running and the equity there is enough to withstand anything short of the U.S being nuked. then we all have bigger problems.

of course, a trade going bad will make me stop trading that account. that's the deal.

you know, there's this little secret in the currency market. the pairs FLOAT. they don't DIVERGE forever.
This is your strategy?

Throw away the charts and take the pressure off...WTG buddy!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #345,091
  • Dec 13, 2010 5:41pm Dec 13, 2010 5:41pm
Quoting dswk
sorry i'm not english native .. I try and learn everyday :-) Thanks anyway for correct me.
I thought as much.. 1st, 2nd 3rd and everything else has a th behind it until you get to 20th, 21st, 22nd, 23rd, 24th... rinse and repeat as you go up

English lessons by a Dutchman, although I have lived 30yrs in the UK now.

My 2yr old has just puked up everywhere. See you later peeps! Success with your trading!
  • #345,092
  • Dec 13, 2010 5:42pm Dec 13, 2010 5:42pm
Quoting knuckledrag
I'm not being critical. The fact is your not the only one that was thinking that today. Just look at everyone posting sell positions fallowed with little cute praying hands.

Pick a setup...... any setup. "short after three hairy top candles" "long after three hairy butted candles" "inside bar break in the direction of trend" "pin bar brake".................................................or what ever you like but just trade that setup.

The hell with the pips you miss, the only ones that count are the ones you get..............

Good...
Posts like that are the main reason I follow this thread. Nice man.
Don't Panic. Stay With You're Group.
  • #345,093
  • Dec 13, 2010 5:44pm Dec 13, 2010 5:44pm
just remember what happened last time when you went ballistic on g-j.

Quoting gucci1
ye its a nice one---

the lower it go-the more i add onto it and,
the higher it go the more i bang into it.

win/win situation here

dont need a stoploss really -but you must can handle the swing --
we wont see lower as 1.3300 if we will go lower ..

sky is no limits --
Nihil Sine Deo.
  • #345,094
  • Dec 13, 2010 5:44pm Dec 13, 2010 5:44pm
Quoting Magix
This is your strategy?

Throw away the charts and take the pressure off...WTG buddy!

and your logical counter argument is?.....
  • #345,095
  • Dec 13, 2010 5:45pm Dec 13, 2010 5:45pm
Quoting Magix
Really don't matter...

If a guy was that interested in losing money or holding onto dogshit forever, why not just go out and buy a Kia?


Wife to the rescue... didn't fancy the clear up!
  • #345,096
  • Dec 13, 2010 5:47pm Dec 13, 2010 5:47pm

Quoting Mr Hatch
from a mere psychological point of view, it is better for the human being to have an enemy, otherwise the human being will start self-destruction... but before this happens, he will eat his dog or start a new thread
  • #345,097
  • Dec 13, 2010 5:50pm Dec 13, 2010 5:50pm
Quoting MindfulOne
Why? I'm not being critical but just asking why.

1m, 5m, and 15m all point up but I'm wary of it crossing the 3400 resistance. I'm tempted to jump in for a long scalp but I can justify a short scalp also.

On the fence...
No offence.

I'm in since last morning near S1 @ 3190. + another long @ 3210 after a Bullish gartley pattern. After that i was let running orders. Until the spike to the high. Now i believe the uptrend will continue so i rebuy at 3383 (for me bottom of the M15 channel). I believe we will continue to go up. But as we got up so fast and into a end of year market, without NO strong news all of this is pure speculation about BoJ hike rate or not ^^ ... Let see.
My opinion is still Bear for eurus but as from now i follow the wave.
Better is to go long for me. except if we go under the current PP
  • #345,098
  • Dec 13, 2010 5:52pm Dec 13, 2010 5:52pm
Quoting attila
and your logical counter argument is?.....
Buy A Kia.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #345,099
  • Dec 13, 2010 5:53pm Dec 13, 2010 5:53pm
Quoting Magix
Buy A Kia.
oh, I see....
  • #345,100
  • Dec 13, 2010 5:55pm Dec 13, 2010 5:55pm
I better go... she's only gone and chundered again...
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