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  • #426,061
  • Apr 20, 2011 10:48pm Apr 20, 2011 10:48pm
Quoting thelws
I understand what you want to point out. That it might go down. But at the moment, all these analysis are useless because price does not agree with you right now.

Technically we are still in higher high lower high mode. Until that is invalidated, it will still go up.

However, we should be cautious that it might turn very soon. Our pseudo leader markets aka usdx might show a bounce. We have like you said, "less volume" with higher highs. So these are signals that we should be careful. It should not be a signal to say it will go down. There...
not talking for him.. but i think he was pointing out for each buyer there is a seller. so there are an = amount of sellers no matter the amount of buyers.
those who can, do. those who cant, talk about those who can
  • #426,062
  • Apr 20, 2011 10:49pm Apr 20, 2011 10:49pm
Quoting Faller
I can say that when I first started to trade....I remember a phase like that....I did not know what the Fak I was doing....I was jumping in and out of the market....going long....and then jumped ship only to have it go against me...then jump ship again...only to have it go against me.....small TF's are the death of many traders I am sure.....but good luck to him.....if he can do it.
Naw. I see him BS'ing a lot, not much more than that. Also a self proclaimed 'best trader in the world'. See right through his crap and his account will be margin'ed again soon enough.

He buys into resistance, then magically gets out at BE.
Sells into support, and once again gets out at BE.

BS'er through and through, nothing much more then that.
  • #426,063
  • Apr 20, 2011 10:49pm Apr 20, 2011 10:49pm
Quoting fxpreacher
Greenspan off the hook because he's almost dead. he gets the ax also. don't forget the 'financial engineers' i'm gonna need a lot of body bags
Actually it should be those lawmakers in the government, the financial regulators and those mortage brokers who forced or tricked the homeowners into those multiple sub-prime mortgages that should get heads chopped off.

And believe me, these derivative products are actually good innovative financial products and they do do their job which is to diversify risks. It's when they are used with those multiple sub-prime mortages (which shouldn't be underwritten in the first place) underwritten on the same properties that exacerbated the fall when the whole housing market collapsed. But if the lawmakers haven't "deregulated" the market that gave those unscrupulous mortage brokers so much leeway to commit mortage fraud and if the financial regulators have stepped in in the first place to stop these unethical practices, the crisis wouldn't be this bad. There would still be some financial impact when the housing market collapsed, yes, but it wouldn't lead to the collapse of an entire financial industry. And now the crisis happened, and they still don't dare take on the real culprits and instead blamed on a financial innovation that was abused. This is the ONLY thing that I didn't agree with that documentary which I believe is finely made and well researched.

Canada uses the same derivative products like the Mortage Backed Securities but when the recession started and the housing market slowed, there was no collapse of the entire financial industry because there is more stringent mortgage lending law in place and they are enforced relatively better by the regulators in Canada.

This is what I hate about the regulators. They only go for the little guys and they never dare to take on the big boys. When a little guy commit something, they bring down the whole army on them but when the big boys commit an atrocity, they look the other way. So their heads will definitely fall first along with the lawmakers.

Sorry for the long message.
Make your losses in demo. Earn your profits live.
  • #426,064
  • Apr 20, 2011 10:49pm Apr 20, 2011 10:49pm
Quoting PayTheLimit
your going to post every damn scalp now, is that your plan, then what when you get the 500 back, your going to tell us your the best trader in the world again...is that how its going to go?
pretty much they wont all be scalps though i like to take big runs to
Ambition
  • #426,065
  • Apr 20, 2011 10:50pm Apr 20, 2011 10:50pm
Quoting mag871
When there is divergence like there is right now on 15m when do you know when it is played out?
I know it is a simple question but I have not been able to find the answer yet.
I would post a chart but am not sure how to do that yet.
  • #426,066
  • Apr 20, 2011 10:50pm Apr 20, 2011 10:50pm
Quoting Chicky
There always is a buyer for a seller and vice versa. The only difference is their timeframe (and mindframe).
you lost me there chicky...
  • #426,067
  • Apr 20, 2011 10:51pm Apr 20, 2011 10:51pm
Quoting Faller
I can say that when I first started to trade....I remember a phase like that....I did not know what the Fak I was doing....I was jumping in and out of the market....going long....and then jumped ship only to have it go against me...then jump ship again...only to have it go against me.....small TF's are the death of many traders I am sure.....but good luck to him.....if he can do it.
yeah except look there not going against me follow me kid bet on the right horse
Ambition
  • #426,068
  • Apr 20, 2011 10:51pm Apr 20, 2011 10:51pm
Quoting gatorinla
waves start small.. you have to take the first step.
Aha. Then this may actually be a chapter I haven't seen yet.

Very good.
  • #426,069
  • Apr 20, 2011 10:53pm Apr 20, 2011 10:53pm
Quoting talentfx
yeah except look there not going against me follow me kid bet on the right horse
The only place people could follow you to is another eventual bust...

-500 this week?

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #426,070
  • Apr 20, 2011 10:55pm Apr 20, 2011 10:55pm
I would disagree that there is a buyer for every seller....I have seen markets jump up an down......with no regard to anything.....

Quoting Chicky
There always is a buyer for a seller and vice versa. The only difference is their timeframe (and mindframe).
I don't trust any move - when you have profit...take it.
  • #426,071
  • Apr 20, 2011 10:55pm Apr 20, 2011 10:55pm
Quoting Magix
The only place people could follow you to is another eventual bust...

-500 this week?

no sense in talking to the kid, he's on a mission to show clogs he's the best trader in the world...
Look Sharp/Trade Tight
  • #426,072
  • Apr 20, 2011 10:57pm Apr 20, 2011 10:57pm
Quoting pkimnyc
you lost me there chicky...
No I didn't get it. Could you kindly explain.
I have started selling again and indeed i am not the only seller out there.
The Thief of Wall Street
  • #426,073
  • Apr 20, 2011 10:57pm Apr 20, 2011 10:57pm
Quoting Magix
The only place people could follow you to is another eventual bust...

-500 this week?

Self proclaimed best trader in the world, and is bragging about some odd 25 pips positive today after 7 or 8 orders... lol.

I think we are suppose to be impressed or something...

Speaking of which, I found a trophy for talent!
Attached Image
  • #426,074
  • Apr 20, 2011 10:59pm Apr 20, 2011 10:59pm
Quoting Magix
The only place people could follow you to is another eventual bust...

-500 this week? it was 350 and i did it on purpose were is this 500 coming from

it was 350 and i did it on purpose were is this 500 coming from and my trades are posted +23 so far tonight
Ambition
  • #426,075
  • Apr 20, 2011 11:00pm Apr 20, 2011 11:00pm
Quoting Venice
Speaking of which, I found a trophy for talent!
Well fak me pink...this world has everything!
  • #426,076
  • Apr 20, 2011 11:00pm Apr 20, 2011 11:00pm
Quoting Faller
I would disagree that there is a buyer for every seller....I have seen markets jump up an down......with no regard to anything.....
u got me on that one. when you purchase any thing you are the buyer.. the guy u buy from is the seller.
those who can, do. those who cant, talk about those who can
  • #426,077
  • Apr 20, 2011 11:01pm Apr 20, 2011 11:01pm
Quoting Chicky
No I didn't get it. Could you kindly explain.
I have started selling again and indeed i am not the only seller out there.
To far to fast...I am looking to pull a few out hre too Chick...

Took out a couple already and will see what the last 2 here bring.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #426,078
  • Apr 20, 2011 11:01pm Apr 20, 2011 11:01pm
Quoting talentfx
it was 350 and i did it on purpose were is this 500 coming from and my trades are posted +23 so far tonight
If i'm not mistaken, clog did a pip count on you earlier totals up about -500 plus
Make it rain baby
  • #426,079
  • Apr 20, 2011 11:01pm Apr 20, 2011 11:01pm
Quoting talentfx
...and i did it on purpose...
Oh, do tell...

Why?
  • #426,080
  • Apr 20, 2011 11:01pm Apr 20, 2011 11:01pm
Quoting talentfx
it was 350 and i did it on purpose were is this 500 coming from and my trades are posted +23 so far tonight
lol you lost money on purpose?

now your getting 1 pip profits and closing them, and you think your the best trader ever? lololololol

If you were smart you would sit back and just watch right now, this pair hasn't done anything yet to warrant a direction.
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