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  • #416,641
  • Mar 31, 2011 11:14pm Mar 31, 2011 11:14pm
Quoting Dishwasher
I disagree, this site is very bearishly biased and will do harm to your trading psychology and trading account. I would advise all new traders to avoid these types of websites, they feed off of rumors and one sided reporting. News is all bullshit anyway trading wise.

Read charts, and quit reading sites like zerohedge.com

Start reading this thread - http://www.forexfactory.com/showthread.php?t=230888

zerohedge is just terrible if you want to be successful in trading. Avoid these types of websites at all costs.
Agree...

Avoid all websites and news...

If it ain't on a chart, don't trade it...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #416,642
  • Mar 31, 2011 11:28pm Mar 31, 2011 11:28pm
Quoting Dishwasher
I disagree, this site is very bearishly biased and will do harm to your trading psychology and trading account. I would advise all new traders to avoid these types of websites, they feed off of rumors and one sided reporting. News is all bullshit anyway trading wise.

zerohedge is just terrible if you want to be successful in trading. Avoid these types of websites at all costs.
I completely disagree with most of what you say, but do agree nobody should look for a "trading" edge from ZH. The world doesn't spin on truth... it spins on spin.
  • #416,643
  • Mar 31, 2011 11:35pm Mar 31, 2011 11:35pm
a small bullish is coming .
A chart helps those who can read it.
  • #416,644
  • Mar 31, 2011 11:35pm Mar 31, 2011 11:35pm
Quoting Magix
Agree...

Avoid all websites and news...

If it ain't on a chart, don't trade it...
Rubbish!

Charts is charts...I agree 100% there. But, come on!

I've been doing this for a lot of years. I would go out of my fakking mind if all I had were me charts and FF! Knowledge is knowledge...and knowledge is King...ALWAYS!

But, again...if you want to make a living at this...the one thing you better know inside out is how to read your charts...and how to react to what they are telling you. So everybody is barred from ZH etc. until they learn that!
  • #416,645
  • Mar 31, 2011 11:40pm Mar 31, 2011 11:40pm
Quoting kenfen69
Rubbish!

Charts is charts...I agree 100% there. But, come on!

I've been doing this for a lot of years. I would go out of my fakking mind if all I had were me charts and FF! Knowledge is knowledge...and knowledge is King...ALWAYS!

But, again...if you want to make a living at this...the one thing you better know inside out is how to read your charts...and how to react to what they are telling you. So everybody is barred from ZH etc. until they learn that!

to be honest, news dominate sell or buy ,charts domninate in or out .
  • #416,646
  • Mar 31, 2011 11:43pm Mar 31, 2011 11:43pm
Quoting kenfen69
I completely disagree with most of what you say, but do agree nobody should look for a "trading" edge from ZH. The world just doesn't spin on the truth... it spins on spin.
We can agree to disagree or whatever, but I will tell you from experience that reading these types of perma-bear or perma-bull type of websites will put a nasty kind of bug in your head. A bug that turns into a disease that will corrupt your judgement, your trading will suffer.

Avoid these types of sites. They are full of shit.

Best of luck to you.
  • #416,647
  • Apr 1, 2011 12:01am Apr 1, 2011 12:01am
In the grand scheme of things, we retail traders are nothing more than Muggles when it comes to news. By the time we have heard about anything, price has probably already discounted it and we end up on the wrong side...

I'm a believer in trading what is in front of you and reacting to that and not falling for the fallacy of trading news that you are almost certainly going to be late on.

Trade the price and investigate the cause (if you feel the need to) after the event...

Just my 2 cents.
  • #416,648
  • Apr 1, 2011 12:02am Apr 1, 2011 12:02am
Quoting Dishwasher
We can agree to disagree or whatever, but I will tell you from experience that reading these types of perma-bear or perma-bull type of websites will put a nasty kind of bug in your head. A bug that turns into a disease that will corrupt your judgement, your trading will suffer.

Avoid these types of sites. They are full of shit.

Best of luck to you.
Looks like we will have to agree to disagree, but... Did you read the article in the link? Extremely well rounded breakdown of the situation...both sides, and one in the middle I would say very few people have even thought about.

If somebody's brain cannot decide what to do with information they read...then sure...don't read. I just can't imagine being like that, though. I have 18 tabs permanently open in one Firefox window...constantly scanning.

I think you call ZH perma-bears because they dissect reported numbers/stories etc. and remove the spin and present the truth. It can be a "downer" because you realize people are being lied to every single day. If someone can't handle that truth...stay clear.

Anyway...best of luck to you, too. I'm sure we do have plenty of common ground, so hopefully we'll get talking about that sometime, too. All the best.
  • #416,649
  • Apr 1, 2011 12:02am Apr 1, 2011 12:02am
Quoting gdaym8
Thanks mate, Good information and Great site !
Like one of the comments in regards when Berwankee gets the report...

As long as Bernanke gets the info 15 minutes ahead of time, everything will turn out fine. Just fine.....

As you can tell I'm short.
G'day gdaym8,

Always good to see another Aussie around!

Happy trades to you...
Australians wouldn't give a 'Forex' for anything else...
  • #416,650
  • Apr 1, 2011 12:19am Apr 1, 2011 12:19am
Quoting TheGeneral
I...

Just my 2 cents.
Hey General...a fine 2 cents!

I'm not recommending anyone trade news...and I'm certainly not recommending a site, such as ZH, for people to trade news from. ZH would be a useless tool for that, anyway.

Fak people! A bloke asked about NFP rumors...I gave him a link...which he seemed to like. ZH is plainly visible in the link. If you don't like the site...don't click the link. Its not like it is some kind of cult where people are going to get brainwashed.

I find it quite funny the reaction to it. When Dishwasher says, "They are full of shit," I can only shake my head. Zero Hedge...they're full of shit, baby!

Anyway...have fun peeps...good luck tomorrow. Hope nobody gets fooled on April Fools!
  • #416,651
  • Apr 1, 2011 12:22am Apr 1, 2011 12:22am
Quoting kenfen69
If somebody's brain cannot decide what to do with information they read...then sure...don't read. I just can't imagine being like that, though. I have 18 tabs permanently open in one Firefox window...constantly scanning.
Granted, some is a matter of the brain not processing the information, but there is a lot where bad news still causes long spikes and vice versa...as far as I am concerned, there is nothing wrong with being educated in the worldly events n such...Just not to be used as it can cause confusion.

We have seen scads of pages of rant on the dying Euro zone and several traders keeping a bearish mind and trade pattern because of just that...chart says long, press says short, they go broke...

Follow the money...That's really the only edge ya can find in this game.

My dos centavos...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #416,652
  • Apr 1, 2011 12:24am Apr 1, 2011 12:24am
Quoting kickarz
G'day gdaym8,

Always good to see another Aussie around!

Happy trades to you...
one more from au.
Mohan
  • #416,653
  • Apr 1, 2011 12:26am Apr 1, 2011 12:26am
guess can NFP will fool us ?
  • #416,654
  • Apr 1, 2011 12:31am Apr 1, 2011 12:31am
Quoting joesen
guess can NFP will fool us ?
I'd say it will try its hardest!
  • #416,655
  • Apr 1, 2011 12:32am Apr 1, 2011 12:32am
Quoting joesen
guess can NFP will fool us ?
dont worry big fishes move the market NFP , we just follow, as long as not jump in too quickly we are safe
Mohan
  • #416,656
  • Apr 1, 2011 12:38am Apr 1, 2011 12:38am
Quoting Magix
Follow the money...That's really the only edge ya can find in this game.

My dos centavos...
That is absolutely the only thing that matters.

I've never been a news trader. I'll obviously jump in and trade reactions to it, but I ain't trying to buy spikes off some ZH opinion...or any other fakking site. Reaction to news releases seemed to stop making sense about three years ago.
  • #416,657
  • Apr 1, 2011 12:38am Apr 1, 2011 12:38am
Quoting mohan76
dont worry big fishes move the market NFP , we just follow, as long as not jump in too quickly we are safe

yes, i usually us buy stop or sell stop to catch pips. so far its ok
  • #416,658
  • Apr 1, 2011 12:50am Apr 1, 2011 12:50am
EU is heading north as of now .... may reach 1.4195 and 1.4223 .... before NFP....
  • #416,659
  • Apr 1, 2011 12:56am Apr 1, 2011 12:56am
  •  gdaym8
  • | Joined Jan 2011 | Status: You Never go broke making a profit | 71 Posts
Quoting kickarz
G'day gdaym8,

Always good to see another Aussie around!

Happy trades to you...

Thanks mate, I'm on the west coast.

Really need some luck as I am behind.
Hopefully tonight ! and Good luck to you http://www.forexfactory.com/images/icons/icon14.gif
Always remember "Logic" has NO place in the Forex markets
  • #416,660
  • Apr 1, 2011 12:59am Apr 1, 2011 12:59am
Quoting joesen
guess can NFP will fool us ?
NFP going to say APRIL FOOL to us later....
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