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  • #570,661
  • Dec 6, 2011 3:59pm Dec 6, 2011 3:59pm
You've all driven me to drinking, COFFEE. I hope you're all satisfied now.
  • #570,662
  • Dec 6, 2011 4:00pm Dec 6, 2011 4:00pm
Quoting SerpentDove
You've all driven me to drinking, COFFEE. I hope you're all satisfied now.
it's much healthy for you. good for you.
  • #570,663
  • Dec 6, 2011 4:00pm Dec 6, 2011 4:00pm
Quoting Geppy
Killer, in on those EG shorts too... only looking for 0.8580 maybe 70ish though.
That's what I often do as you could see (maybe with a little fantasy) on the charts I posted. Just 10 to 25 pips, sometimes 5, but I have a lot of them and it really adds up since you can use relatively high leverage compared to other pairs. It is very easy money.
Good luck to you.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #570,664
  • Dec 6, 2011 4:01pm Dec 6, 2011 4:01pm
ok to all liars, beggars and traders.

Since we had a little down day, all is set up for the Bazooka Hopium Start
for tomorrow till Friday. For good chances, the early London/Frankfurt Session is eventually a good time to get a long entry.
This is exactly what i will try to do.
Also, some nice forwards or cfds on stock indexes probably open with a small gap down, only to get up from there. (thats the theory).

My idea is to already be in the market before the eventuall craze starts.
Chances of more Bazooka rumors increase with every hour.
If you plan on not missing out, then no matter where you are in the world,
make sure you trading the London open.

Of course this can all be over Friday, when they screw up, or if they bring it to pass, the final saying into the Christmas Rally.
US Markets wanna rally, they just need the Europe problem out of the way for some time as you know. If you dont know, watch Bloomberg TV.

Anyway, just some thoughts, this can all turn into a U-Turn in a beat.

Cheers tp
  • #570,665
  • Dec 6, 2011 4:02pm Dec 6, 2011 4:02pm
Just got back from the Christmas panto that was held in aid of the Schizophrenia Association? It descended into chaos when someone shouted "He's behind you!"
  • #570,666
  • Dec 6, 2011 4:05pm Dec 6, 2011 4:05pm
Can somebody Guide me where to learn fundamentals ?? I mean , I always see guys talking about news details But never understood what they mean !!! Where did they learn all that ?? Any heads Up ???
Human
  • #570,667
  • Dec 6, 2011 4:05pm Dec 6, 2011 4:05pm
Quoting pkimnyc
BIAS!!!
I seriously studied this and I have found that to have a BIAS backwards is the best way to trade.
It's like forecasting yesterdays weather, no losers anymore.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #570,668
  • Dec 6, 2011 4:05pm Dec 6, 2011 4:05pm
Quoting mpurdy1973
please do share; i am interested in quant trading; if i every didnt have to do my day job, i would focus on this :-)

every method I've devised over the years is pretty much working for someone, it's just my this is a bad time to trade logic is kinda reversed so I pretty much only take the bad trades.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #570,669
  • Dec 6, 2011 4:05pm Dec 6, 2011 4:05pm
sorry, have to straighten out my post count
  • #570,670
  • Dec 6, 2011 4:06pm Dec 6, 2011 4:06pm
Quoting subhanwaheed
Here I am always hoping that someone would post Whats Important !!!! Please Guys , If not frequently , Then every once in a while , Do discuss the BIAS of the market .... Open another thread for random chatting !!!

No Disrespect to anybody but I think we are always kind of off the track !!!
What do you mean "Important" ??
A person gave you very insightful beautiful fundamental and techinacial analysis, but you dont understand it or you were not brave enough to trade or the market goes different on his analysis way, will you still think that is important? A person just randomly said long or short, s/l or t/p, will you follow? do you know his trading size and time frame? do you know if he actually really trade as he said and do you really have a good money managemt to trade?
You read some books to understand basic technical and learn from your mistakes (high leverage, frequently trade, no s/l, etc to blow your account then you learn good money managemt and patient and confidence) then you will be fine. people talk their different ideas on trading here just sometimes give you a little bit noticement (for example, you may forget there will be an important news will release, or you didnt notice there's a trendline was already broken, etc), but eventually, you need to have your own strategy to be a not losing trader and then with a little bit luck then you can be a profitable trader.

p.s. what the hell AC Milan tied Viktoria Plzen with 2 goals leading..
but it's ok, they already secured 2nd position..

see this is another random chatting and i think a lot people care about some random chat like soccer(or football if you want to call it in british english), especially i know a trader's picture is Liverpool.
  • #570,671
  • Dec 6, 2011 4:09pm Dec 6, 2011 4:09pm
iam tempted to go long rest of the week. what say you people ?
  • #570,672
  • Dec 6, 2011 4:12pm Dec 6, 2011 4:12pm
Quoting KillerWhale
I seriously studied this and I have found that to have a BIAS backwards is the best way to trade.
It's like forecasting yesterdays weather, no losers anymore.
I agree on you mate (again).

Bias is for losers. Fundamentals is for losers.

To be a decent trader you need to take responsibility for your act. Relying on bias or others is only a way not take that responsibility. To tame your anxiety and insecurity and find a justification for that decision.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #570,673
  • Dec 6, 2011 4:12pm Dec 6, 2011 4:12pm
Quoting whatfx
iam tempted to go long rest of the week. what say you people ?

Downtrend to me still currently, doesn't mean it won't change ofcourse.


The market action is getting less and less as xmas approaches very few trades expected this side of xmas

4weeks and counting till normality
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #570,674
  • Dec 6, 2011 4:12pm Dec 6, 2011 4:12pm
My view right now. A few set-ups to watch.
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  • #570,675
  • Dec 6, 2011 4:12pm Dec 6, 2011 4:12pm
Quoting whatfx
iam tempted to go long rest of the week. what say you people ?
go for it, i believe chances are good since equities have had a perfect breather today. Then this rumor of the FT will be into talk at London Open as well.
Many parts come together i would say thats why this is having a good chance.
  • #570,676
  • Dec 6, 2011 4:12pm Dec 6, 2011 4:12pm
Quoting whatfx
iam tempted to go long rest of the week. what say you people ?
your money. you do what you want with it.
  • #570,677
  • Dec 6, 2011 4:14pm Dec 6, 2011 4:14pm
No offense but this is the wrong thread for that, there is no real value here, this is what you are looking for http://www.forexfactory.com/showthread.php?t=317077

For the most part you are just going to get stuck in the meat grinder asking questions here, no real help to be found in this thread, unless you like misinformation.

Quoting subhanwaheed
Can somebody Guide me where to learn fundamentals ?? I mean , I always see guys talking about news details But never understood what they mean !!! Where did they learn all that ?? Any heads Up ???
It's easy to be humbled but hard to be humble.
  • #570,678
  • Dec 6, 2011 4:19pm Dec 6, 2011 4:19pm
Quoting pkimnyc
your money. you do what you want with it.
Why not have a scenario. Of course it may not play out, but maybe it does.

-What if you get a good solid ok size entry, and this entry survives till Friday.
-What if you this same entry gets picket up if EU would indeed get a
sort of Bazooka including ECB firepower?
-What if the solution would sorta be acnowledged also by Americans and Equities start the Christmas Rally? Yuuro would soar.

Worst case would be a good small hopium Rally till Friday.
  • #570,679
  • Dec 6, 2011 4:20pm Dec 6, 2011 4:20pm
I also I have to say that there are to many bullies on this thread.

They are just like wild dogs.

When the big bully dog joins in, all the others also join in as well and get a bite.
As soon as the big bully dog goes, the others disappear as well.
Have you noticed this?

I call them wild dogs they only attack in pack, if confronted singularly, they run away cowardly. They are just wild dogs.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #570,680
  • Dec 6, 2011 4:21pm Dec 6, 2011 4:21pm
Quoting cloggie
WTF.

Were you trading when we gave up DEM? I was, now go do your homework.
Well, I do know in 1999 the market was much different and there was hardly a retail forex setup, spreads and liquidity were nowhere near what they are now. We're in a vastly different situation.

That being said, I was not trading, I can't find any exact procedures that happened to retail forex brokers at the time, sorry, maybe you can enlighten me. All I could find was empirical articles about the percentage changes in country valuations and about the above, but it doesnt describe what exactly happened to the a day trader with an open position long/short.
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