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  • #405,861
  • Mar 13, 2011 6:15pm Mar 13, 2011 6:15pm
Quoting Venice
Afternoon. Ready to rock?!?
I'm ready for a new week, now is 6 hours 15 minutes (GMT+7)
  • #405,862
  • Mar 13, 2011 6:16pm Mar 13, 2011 6:16pm
Quoting Patience
Well you got that right. We are all gambling. We are all betting on an uncertain outcome. Every time you place a trade, it's a gamble.
i disagree.

i think gambling is when you cant forsee the outcome like black jack or roulette.

here you should trade based on your logic, information or whatever you trade on.

in life nothing is certain, you never know for e.g if your wife is not going to divorce you and take you to the cleaners... that doesnt mean you take a gamble when you married... (i guess in this case it is a gamble acording to most people )
  • #405,863
  • Mar 13, 2011 6:18pm Mar 13, 2011 6:18pm
Quoting buonvangvn
good morning.
Hey, good morning Superman,

which ticket shall I buy? One for the south train, or one for the train to the north?


Hope you are well and everything is all right.
  • #405,864
  • Mar 13, 2011 6:18pm Mar 13, 2011 6:18pm
Quoting macher
hello Venice
Any targets for this week?
Up and down! hehe. Just reacting to the PA as always, never try to get myself stuck into convicted targets.
  • #405,865
  • Mar 13, 2011 6:19pm Mar 13, 2011 6:19pm
Quoting Patience
Well you got that right. We are all gambling. We are all betting on an uncertain outcome. Every time you place a trade, it's a gamble.
I agree with Alexxi,

This sums up my point of view

http://www.investorguide.com/gambling-vs-investing

I don't consider trading/investing gambling at all.

I have been to Vegas like many, but the means of going there, the purpose of going there, the expected outcome, etc. are COMPLETELY different then in trading.
  • #405,866
  • Mar 13, 2011 6:23pm Mar 13, 2011 6:23pm
my target for this week is change 'shoes' for my car))
  • #405,867
  • Mar 13, 2011 6:27pm Mar 13, 2011 6:27pm
Hi there,
dear trader friends ..just wanted to have an opinion to how this pair is going to behave against this gap

i mean are we going direct down to close it up and then back or anything else ..
kindly give your kind comments..thx
  • #405,868
  • Mar 13, 2011 6:27pm Mar 13, 2011 6:27pm
time to go watch a film!

good luck everyone and see you all soon.
  • #405,869
  • Mar 13, 2011 6:28pm Mar 13, 2011 6:28pm
Quoting infinitus
Hey, good morning Superman,

which ticket shall I buy? One for the south train, or one for the train to the north?


Hope you are well and everything is all right.
Hello infinitus. This week will be very easy, wish you to gain pips
  • #405,870
  • Mar 13, 2011 6:29pm Mar 13, 2011 6:29pm
Quoting Maan Ch.
Hi there,
dear trader friends ..just wanted to have an opinion to how this pair is going to behave against this gap

i mean are we going direct down to close it up and then back or anything else ..
kindly give your kind comments..thx
just a word of advice.... the word gap on this thread opens a can of worms...
every week there is the same discussion. do a search on the word gap on this thread... and read for the next 7 days until the next "gap"

no disrespect maan ch... just humour
  • #405,871
  • Mar 13, 2011 6:33pm Mar 13, 2011 6:33pm
Quoting alexxi
just a word of advice.... the word gap on this thread opens a can of worms...
every week there is the same discussion. do a search on the word gap on this thread... and read for the next 7 days until the next "gap"

no disrespect maan ch... just humour
thx man .. i do respect ur opinion
  • #405,872
  • Mar 13, 2011 6:40pm Mar 13, 2011 6:40pm
Quoting Texas.Rich
I don't consider trading/investing gambling at all.
So that little gap trade you just did contributed positively to society did it?

I'm just joshing with you. People associate the word "gambling" with "losing". It's a dirty word. We are betting on an uncertain outcome that does not contribute positively to society. That, in my opinion, is gambling. But we can have our own opinion as to what forex trading is ..... right?
Nothing worth having is easy.
  • #405,873
  • Mar 13, 2011 6:44pm Mar 13, 2011 6:44pm
Quoting Patience
So that little gap trade you just did contributed positively to society did it?

I'm just joshing with you. People associate the word "gambling" with "losing". It's a dirty word. We are betting on an uncertain outcome that does not contribute positively to society. That, in my opinion, is gambling. But we can have our own opinion as to what forex trading is ..... right?
I purchased USD, nuff said

j/k
  • #405,874
  • Mar 13, 2011 6:45pm Mar 13, 2011 6:45pm
question for you. are the banks trading or gambling?
Quoting Patience
that does not contribute positively to society
  • #405,875
  • Mar 13, 2011 6:49pm Mar 13, 2011 6:49pm
Quoting toshi
......does this thing have enough "ummph"
to print a 127 ...blah blah....

Well, I imagine the "ummph" will have to wait until later in the week.

Was speculating that the low liquidity conditions could've been ripe for an all-out
stop hunt above the 140, but not right now it seems....

Until then, here's some food for thought:

Daily pivot resides some 80~ pips lower and prior to that, the weekly comes in
near 13902, close to the Friday settle.
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  • #405,876
  • Mar 13, 2011 6:51pm Mar 13, 2011 6:51pm
Quoting attila
question for you. are the banks trading or gambling?
Well judging by the GFC, they were gambling, because it all came crashing down. Pauly posted a YouTube clip not long ago showing a trader in the 80's trading forex. The commentator said something along the lines of "he's up there gambling with the best of them and the Bank loves him for it". He worked for Barclays. And it was the 80's, not 2008.

I don't consider hedging for clients gambling though.
Nothing worth having is easy.
  • #405,877
  • Mar 13, 2011 6:55pm Mar 13, 2011 6:55pm
Quoting Patience
Well judging by the GFC, they were gambling, because it all came crashing down. Pauly posted a YouTube clip not long ago showing a trader in the 80's. The commentator said something along the lines of "he's up there gambling with the best of them and the Bank loves him for it". He worked for Barclays. And it was the 80's, not 2008.

I don't consider hedging for clients gambling though.
Define gamble :

–verb (used without object)
1.
to play at any game of chance for money or other stakes.
2.
to stake or risk money, or anything of value, on the outcome of something involving chance: to gamble on a toss of the dice.

The outcome of currency, commodities, etc. are not by chance, they are based on fundamentals & technicals, economies, etc.

IMO, I don't consider 'professional poker' as gambling. Slot machines are pure gambling as there isn't any way shape or form to try to manipulate or control the outcome.

All comes down to how you interpret gambling.
  • #405,878
  • Mar 13, 2011 6:56pm Mar 13, 2011 6:56pm
Well, OK. Fair enough. If that's the case, the next logical question is this. If not the banks/traders gambling, then who is going to set the exchange rates? Obama and the Chinese Secretary General?

Speculation has it's role. Everything we do in life is speculating on a uncertain outcome. People start businesses based on this exact logic. We invest in the 401K based on the speculation that it will go up (btw, I liquidated mine, hence speculating this is not the way to go). Almost every decision we make is betting on a r/r ration of some sort.


Quoting Patience
Well judging by the GFC, they were gambling, because it all came crashing down. Pauly posted a YouTube clip not long ago showing a trader in the 80's. The commentator said something along the lines of "he's up there gambling with the best of them and the Bank loves him for it". He worked for Barclays. And it was the 80's, not 2008.

I don't consider hedging for clients gambling though.
  • #405,879
  • Edited 7:05pm Mar 13, 2011 6:56pm | Edited 7:05pm
Quoting Patience
So that little gap trade you just did contributed positively to society did it?

I'm just joshing with you. People associate the word "gambling" with "losing". It's a dirty word. We are betting on an uncertain outcome that does not contribute positively to society. That, in my opinion, is gambling. But we can have our own opinion as to what forex trading is ..... right?
Gambling is by definition "putting your money down" on the outcome of an event.

Baptists call it investing, but its gambling.

Now I'm sure some here "never lose" so they claim they're not gambling, but thats only true if they're on a demo account and not risking real coin.

When I hear people claim not to gamble, I think "Baptist on demo".

Now lets talk about drinking and looking at pretty girls OK you can look at pretty boys.
  • #405,880
  • Mar 13, 2011 7:04pm Mar 13, 2011 7:04pm
Quoting Texas.Rich
The outcome of currency, commodities, etc. are not by chance, they are based on fundamentals & technicals, economies, etc.
So that's the reason oil came crashing down from $147.00 to $33.00 in a matter of months. Ah ha

I just throw the word "gambling" out there now and then for a laugh because it always winds some people up.

And, by the way, you're very familiar to me
Nothing worth having is easy.
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