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  • #414,541
  • Mar 28, 2011 5:37pm Mar 28, 2011 5:37pm
Quoting gatorinla
we all are gamblers.. but years ago someone wanted to gamble in a stock or anything (invest ) his wife was told him it was a sin to gamble. so him being a man of faith, declined to invest. the broker (salesman) had to find a way to sell the crap (Washington bridge, eron stock stock or whatever. his next client he said it wasn't gambling it was an investment. he got the wife's ok.. and from then on it was an investment.

who is certain of an outcome? its not me.. its not the ones here who say they don't gamble. because i have heard them...
Indeed. I don't understand why people have such a hang-up about the word. We are betting on an uncertain outcome so it's gambling. That's not to say that I throw trades out there willy nilly because I don't (well, maybe sometimes) but if I did do that all the time, I wouldn't be sitting here typing this post. I analyse charts and familiarise myself with fundies etc as much as the next person.

When people say to me it's gambling (you know, the smarter ones that know what the market is about), I just smile politely, acknowledge that it is and say "but it's a damn fine way to make a living".
Nothing worth having is easy.
  • #414,542
  • Mar 28, 2011 5:38pm Mar 28, 2011 5:38pm
Life's a gamble. Nothing technical about that.
  • #414,543
  • Mar 28, 2011 5:46pm Mar 28, 2011 5:46pm
Quoting SunTrader
Life's a gamble. Nothing technical about that.
how about death?
  • #414,544
  • Mar 28, 2011 6:03pm Mar 28, 2011 6:03pm
Quoting rashygomez
how about death?
That's what life insurance is for.
  • #414,545
  • Mar 28, 2011 6:05pm Mar 28, 2011 6:05pm
Quoting SunTrader
Life's a gamble. Nothing technical about that.
What about fundamental?
  • #414,546
  • Edited 6:21pm Mar 28, 2011 6:08pm | Edited 6:21pm
if we follow gatorinla chart and analyze its not gambling at least 98% winning rate for me (2% my mistake)
Mohan
  • #414,547
  • Mar 28, 2011 6:10pm Mar 28, 2011 6:10pm
Quoting redsword11
Attachment
So what did you make? 8 pips - spread?

Hope you closed at that moment.
  • #414,548
  • Mar 28, 2011 6:24pm Mar 28, 2011 6:24pm
Quoting Pipwanderer
possible target the red single line and eventually doube blue and red line confluence.
Hey Pipwanderer, I see a rising trend with declining volumes on your chart. Does that make it a divergence or what?
  • #414,549
  • Mar 28, 2011 6:53pm Mar 28, 2011 6:53pm
Quoting infinitus
Hi Balut,

thanks for your explanation. Would you mind to tell me where you entered long (the one you have been stopped out @ 4028)?
@ 4067

i bought it during asian session when the 20 sma crossed with a bull candle.
  • #414,550
  • Mar 28, 2011 7:03pm Mar 28, 2011 7:03pm
Casinos make buckets of money from gambling because they have a small statistical edge, and a very good expectation that you'll get wiped out from a bad run long before they do.

With decent money management to make up for bad runs, and an edge to give you some positive expectancy, you're in a very similar situation.

So my answer is: "Sure I'm gambling - but I'm the casino!"

(At least, I would be if I was much good. Case in point:

Short @ 4074
SL: 12 pips trailing
Target: when I get too yeller)
  • #414,551
  • Mar 28, 2011 7:41pm Mar 28, 2011 7:41pm
Quoting SmellyTerror

So my answer is: "Sure I'm gambling - but I'm the casino!"
Nothing worth having is easy.
  • #414,552
  • Mar 28, 2011 7:41pm Mar 28, 2011 7:41pm
what a hell is this?
Attached Image (click to enlarge)
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  • #414,553
  • Mar 28, 2011 7:45pm Mar 28, 2011 7:45pm
Quoting b4rhep
what a hell is this?
Attachment
Slow movement. I'd wait before doing anything.
Not all sins are created equal
  • #414,554
  • Mar 28, 2011 7:53pm Mar 28, 2011 7:53pm
Attached Image (click to enlarge)
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  • #414,555
  • Mar 28, 2011 8:09pm Mar 28, 2011 8:09pm
Bull trap?
  • #414,556
  • Mar 28, 2011 8:15pm Mar 28, 2011 8:15pm
Did something blow up somewhere?
  • #414,557
  • Mar 28, 2011 8:17pm Mar 28, 2011 8:17pm
Quoting kenfen69
Did something blow up somewhere?
Probably just a large seller, not smart enough to wait until the UK opens. Looks like the market is rejecting the move but waiting till the 5 min. candlestick closes to be sure.
  • #414,558
  • Mar 28, 2011 8:25pm Mar 28, 2011 8:25pm
Looks like the market is having trouble trading below the daily pivot at 1.4071.
  • #414,559
  • Mar 28, 2011 8:25pm Mar 28, 2011 8:25pm
Pretty large order! Hit a lot of pairs.
  • #414,560
  • Mar 28, 2011 8:28pm Mar 28, 2011 8:28pm
Quoting kenfen69
Pretty large order! Hit a lot of pairs.
That's what happens with EA's. One pair makes a sharp move and everyone hedges with other pairs. That what cause the flash crash in May '10. By the way, this is just my opinion, no facts to back it up as of yet.
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