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  • #570,581
  • Dec 6, 2011 1:04pm Dec 6, 2011 1:04pm
Quoting tradetheday
but isn't it true that the oil price will rise, more because of the insecure of oil supply in the middle east, what no weakness in dollar means?
They will be able to sell that idea temporarily. Big fat stinky dirty disgustingly huge money knows better. I'm sure of it.
  • #570,582
  • Dec 6, 2011 1:06pm Dec 6, 2011 1:06pm
Quoting SerpentDove
Especially when it gaps over your stop and keeps running for 70 pips.
God is protecting my stops, i have no earthly enemy..
  • #570,583
  • Dec 6, 2011 1:07pm Dec 6, 2011 1:07pm
Quoting SerpentDove
First, the retarded amount of debt that war would add to a dollar already kept alive intravenously. Second, you are correct oil is priced in dollars, and if it takes more dollars to buy a barrel of oil that reflects a weakness in the dollar not so much a scarcity of oil. Just ask Texans who have gone from cradle to grave in luxury by doing nothing more than winking at their bankers.
Don't go into stuff you know nothing about. Maybe do some reading about Texas first before you post your shit?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #570,584
  • Dec 6, 2011 1:10pm Dec 6, 2011 1:10pm
Thank you everyone. I think I have some ideas now.

I generally lurk here as I don't have much to add.

In response to some of your thoughts, I have read all of the articles that were available on investopedia.com, though it looks like the site has changed a lot since then. But it went over a lot of both technical and fundamental ideas/facts.

I used to run stock contests, I've won a couple as well (75% and 93% returns on year long contests)

Babypips would have been great when I started, but by the time I discovered it, I'd surpassed some of the advice there (obviously I don't know everything but I know enough to be dangerous now)

I scalp and swing mainly. I don't have the money or research yet to really throw out a large trade. I would be willing to do so if it didn't lock up my account because of the hedging rules. Though I do manage 2 accounts, one is mine and one is for a group of people. (don't worry, the group account is only $55 )

At work now so will follow on your suggestions later. Thanks again !
~Ody
  • #570,585
  • Dec 6, 2011 1:11pm Dec 6, 2011 1:11pm
Quoting ThisPip
God is protecting my stops, i have no earthly enemy..
Don't go there ever. I used to. It's not worth the pain.
  • #570,586
  • Dec 6, 2011 1:11pm Dec 6, 2011 1:11pm
I am just trying to find the right balance of big but calculated risk
and skill/balls. Still a long way to go, but sometimes it works, sometimes it doesnt.
  • #570,587
  • Dec 6, 2011 1:11pm Dec 6, 2011 1:11pm
They should rename this thread "the pit".
It's easy to be humbled but hard to be humble.
  • #570,588
  • Dec 6, 2011 1:13pm Dec 6, 2011 1:13pm
Quoting SerpentDove
Don't go there ever. I used to. It's not worth the pain.
I am a Christian, but not a fool..lol
I remember though, one week i prayed for wisdom, and i had a
fantastic trading week.
  • #570,589
  • Dec 6, 2011 1:13pm Dec 6, 2011 1:13pm
Quoting KillerWhale
Don't go into stuff you know nothing about. Maybe do some reading about Texas first before you post your shit?
Blow goat guppy. I mean that in the nicest way possible.
  • #570,590
  • Dec 6, 2011 1:15pm Dec 6, 2011 1:15pm
Quoting fxrising
They should rename this thread "the pit".
what a great idea! I like
  • #570,591
  • Dec 6, 2011 1:17pm Dec 6, 2011 1:17pm
Quoting SerpentDove
You didn't say anything wrong, but what am I, invisible?
Well I didnt read noones answer, I was writing mine and when I pressed submit reply I saw 5 people already answered. But anyway, this note meant, that only Ody is able to answer question, if he is willing to learn hard. Not anyone here.

Btw, Ody, If you read this, keep in mind 90% of retailers fail, so 90% of those 5 answers are possibly wrong . That means half of one answer is right. I think it is the part with learning hard.

T
"I know one thing, that I know nothing." Sokrates
  • #570,592
  • Dec 6, 2011 1:20pm Dec 6, 2011 1:20pm
Quoting Tom_D_Trader
Well I didnt read noones answer, I was writing mine and when I pressed submit reply I saw 5 people already answered. But anyway, this note meant, that only Ody is able to answer question, if he is willing to learn hard. Not anyone here.

Btw, Ody, If you read this, keep in mind 90% of retailers fail, so 90% of those 5 answers are possibly wrong . That means half of one answer is right. I think it is the part with learning hard.

T
Yeah, I figured that much but I already hit submit so.... such is forum life.
  • #570,593
  • Dec 6, 2011 1:21pm Dec 6, 2011 1:21pm
Quoting SerpentDove
Blow goat guppy. I mean that in the nicest way possible.
Nice or not, your facts are wrong!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #570,594
  • Dec 6, 2011 1:21pm Dec 6, 2011 1:21pm
Seeing a reverse h&s on the 4hr. If this breaks down this week, 1.30 is high probable. If the EUR news is receptive this week, expect to see near term EUR appreciation from big speculators during the christmas break due to decreased market depth. Please see attachment.
Attached File(s)
File Type: doc dec6.eurusd4hr.doc   110 KB | 317 downloads
  • #570,595
  • Dec 6, 2011 1:22pm Dec 6, 2011 1:22pm
Quoting Ody
Hmmm, I'm gonna throw myself out there and see what happens.

I could use some help. I've been on and off trading demo/live for 2.5 years now, in-between working a full time job and wife and kids. I know the in's and out's, have been margin called on an account when I thought I had closed the trade. Have had good days and bad, but always seem to break even/lose a little. I'm very statistical, ie I love to do research. Though not sure what direction I should pour my focus into. Though of late I have been trading/researching more on the fundamental...
1. Stop trading right now.

2. Read the book "Reminiscence of a Stock Operator"

3. Then read "Trading in the Zone" (by Douglas I believe)

4. Have a revelation

5. Then read "Trading in the Zone" once more.

6. Open a live account (f@%K demo) with an amount you're ok with losing, but enough to make you care.

7. Trade.

8. Send me a thank you.
check out my blog: forexmademillionaire dot com
  • #570,596
  • Dec 6, 2011 1:23pm Dec 6, 2011 1:23pm
Quoting Tom_D_Trader
Well I didnt read noones answer, I was writing mine and when I pressed submit reply I saw 5 people already answered. But anyway, this note meant, that only Ody is able to answer question, if he is willing to learn hard. Not anyone here.

Btw, Ody, If you read this, keep in mind 90% of retailers fail, so 90% of those 5 answers are possibly wrong . That means half of one answer is right. I think it is the part with learning hard.

T
Don't throw out that 90% is losing because you heard it.
Do your research and find out that 2/3rd is losing (about 65 - 70%) and not 90%
New voice message: Why are you calling me? If I need you, I'll call you!
  • #570,597
  • Dec 6, 2011 1:23pm Dec 6, 2011 1:23pm
Quoting pkimnyc
those are good combination dude.
I know. But it didnt work for me. I was backtesting it for a year and tuned it into suberb scheme, which, it the year tested provided 75% yield (without compounding). While I started to trade, it stopped working . Since then, I dont trust techs. But anyway, I acknowledge these tools are handy. Except of MACD which is pretty useless imo, as you can observe same things while watching only MAs. Stoch is very usefull, but yet again, you can only watch shadows of candles and it is pretty much the same.

T
"I know one thing, that I know nothing." Sokrates
  • #570,598
  • Dec 6, 2011 1:23pm Dec 6, 2011 1:23pm
Chop Chop :-)
  • #570,599
  • Dec 6, 2011 1:25pm Dec 6, 2011 1:25pm
Quoting KillerWhale
Don't throw out that 90% is losing because you heard it.
Do your research and find out that 2/3rd is losing (about 65 - 70%) and not 90%
Ok, I will start right now. Are you loosing?

T
"I know one thing, that I know nothing." Sokrates
  • #570,600
  • Dec 6, 2011 1:27pm Dec 6, 2011 1:27pm
Quoting KillerWhale
Don't throw out that 90% is losing because you heard it.
Do your research and find out that 2/3rd is losing (about 65 - 70%) and not 90%
True, but they don't tell you how profitable that last third is. I'm willing to bet most of them are hardly making anything or breaking even.
check out my blog: forexmademillionaire dot com
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