I don't want a job, i want money!
- #21,842
- Nov 29, 2011 4:14am Nov 29, 2011 4:14am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #21,843
- Nov 29, 2011 4:15am Nov 29, 2011 4:15am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #21,844
- Nov 29, 2011 4:17am Nov 29, 2011 4:17am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
Thank You
- #21,846
- Nov 29, 2011 4:29am Nov 29, 2011 4:29am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I don't want a job, i want money!
- #21,849
- Nov 29, 2011 4:40am Nov 29, 2011 4:40am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Well, I know not many of you are interested in fundamentals but I think it's a matter of good knowledge and how humans have "not evolved " from being animals still. So I am sharing it here.
I had a chat with one of my IB mates yesterday at PUB and he pointed really interesting facts which kind of opened my eyes despite 3 pints down
I am sure if any of you has plenty of dosh or had before you became forex trader you would understand. So here it goes, inflation rises @ 5-7 percent every year in all economies mostly. If you are worth $1m, after 1yr you will only be worth $930k + expenditures so overall 850K. You lost 150K without doing much.
Hence you ask deposit your money with banks/ hedge funds etc who in turn look to park your money at a place where not only it can fight inflation but earn double. With all the catastrophe in the world going on. US, UK and most economies printed money BUT not Europe, our bankers cannot digest this fact and ensuring there money is parked earning high yields exploiting European situation. Who do you think is buying all these bond auctions @ 7+ percent
Not only suckers are shorting European stocks, euro but buying bonds on the other side..this is called hedging!!
ON the technical side..I reckon 57 and 37 for cable and euro.
I had a chat with one of my IB mates yesterday at PUB and he pointed really interesting facts which kind of opened my eyes despite 3 pints down
I am sure if any of you has plenty of dosh or had before you became forex trader you would understand. So here it goes, inflation rises @ 5-7 percent every year in all economies mostly. If you are worth $1m, after 1yr you will only be worth $930k + expenditures so overall 850K. You lost 150K without doing much.
Hence you ask deposit your money with banks/ hedge funds etc who in turn look to park your money at a place where not only it can fight inflation but earn double. With all the catastrophe in the world going on. US, UK and most economies printed money BUT not Europe, our bankers cannot digest this fact and ensuring there money is parked earning high yields exploiting European situation. Who do you think is buying all these bond auctions @ 7+ percent
Not only suckers are shorting European stocks, euro but buying bonds on the other side..this is called hedging!!ON the technical side..I reckon 57 and 37 for cable and euro.
- #21,850
- Nov 29, 2011 4:43am Nov 29, 2011 4:43am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
hohohoho,,, when did you become the master of this thread
Weres your chart ? and reason ? wild calls are banned on this thread ...
- #21,851
- Nov 29, 2011 4:45am Nov 29, 2011 4:45am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
Well, I know not many of you are interested in fundamentals but I think it's a matter of good knowledge and how humans have "not evolved " from being animals still. So I am sharing it here.
I had a chat with one of my IB mates yesterday at PUB and he pointed really interesting facts which kind of opened my eyes despite 3 pints down
I am sure if any of you has plenty of dosh or had before you became forex trader you would understand. So here it goes, inflation rises @ 5-7 percent every year in all economies mostly. If you are worth $1m, after...
I don't want a job, i want money!
- #21,852
- Nov 29, 2011 4:47am Nov 29, 2011 4:47am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Did you!
It's good atleast you are keeping money @ home. Not going to US where they printed money solely for this purpose
It's good atleast you are keeping money @ home. Not going to US where they printed money solely for this purpose
Yesterday i did something like that... bought 2 years bond @ +7% plus a reveniu of 4,25% every 6 months...
- #21,853
- Nov 29, 2011 4:49am Nov 29, 2011 4:49am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I don't want a job, i want money!
- #21,854
- Nov 29, 2011 4:58am Nov 29, 2011 4:58am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
- #21,855
- Nov 29, 2011 5:01am Nov 29, 2011 5:01am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
I don't want a job, i want money!
- #21,857
- Nov 29, 2011 5:05am Nov 29, 2011 5:05am
hohohoho,,, when did you become the master of this thread
- #21,858
- Nov 29, 2011 5:08am Nov 29, 2011 5:08am
hahaha.
Apologies but I was replying to Dario who asked anybody doing anything today.
As always I am scalping. So if you are interested in knowing why I took the trade, turn on your bollinger lines and see the spike past the upper bollinger at 10.16? Got some money there when the price return back into the bollinger range.
But if you are looking for a long term view and maybe my humble chart, here is my elliot count. After changing and got stop out, I think we might be doing a corrective iv in the major down 3. Attached is my elliot count on...
- #21,859
- Nov 29, 2011 5:08am Nov 29, 2011 5:08am
coz its been mentioned by wormie 15000 times ....and i like why wats the reason ...simple everyone else abides by the rules thats why its a good thread .here to learn its not signal service ...
no worries bro. me bad.
- #21,860
- Nov 29, 2011 5:10am Nov 29, 2011 5:10am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
coz its been mentioned by wormie 15000 times ....and i like why wats the reason ...simple everyone else abides by the rules thats why its a good thread .here to learn its not signal service ...
Thank You