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  • #610,941
  • Mar 16, 2012 11:31am Mar 16, 2012 11:31am
Quoting KillerWhale
Maybe EU won't see a break through 1.3187 and can we close below that.
LSE just closed, let see what US planing
Mohan
  • #610,942
  • Mar 16, 2012 11:31am Mar 16, 2012 11:31am
I am short at an average of 1.31041 how many weeks do I need to wait...
  • #610,943
  • Mar 16, 2012 11:31am Mar 16, 2012 11:31am
Quoting Ahmed-Egy
I wasn't talking to you but i hope when u trade (lose) so much when u do everything right and you realize that fact it won't be too late or a life changing for you ,, best wishes
So according to you, you have a less than 50/50 chance to win ( because of the spread) and yet you still trade. On top of that, you think that you could be profitable in a couple of months. If trading is a losing game, how come some people are able to consistently make profits and call correct trades?
  • #610,944
  • Mar 16, 2012 11:34am Mar 16, 2012 11:34am
Quoting KillerWhale
Maybe EU won't see a break through 1.3187 and can we close below that.
You suggest this short from now and Monday? What somebody wrote two pages before, looking at 4H trendline we can see symetrical formation. It seems to go down. Probably?
  • #610,945
  • Mar 16, 2012 11:34am Mar 16, 2012 11:34am
Quoting Anti_Losses
I am short at an average of 1.31041 how many weeks do I need to wait...
it can be a very long time....whats the lot size?
There is no substitute of hard work and experience. $ € £ ¥
  • #610,946
  • Mar 16, 2012 11:36am Mar 16, 2012 11:36am
Quoting Anti_Losses
I am short at an average of 1.31041 how many weeks do I need to wait...
well put in your mind that next week we might be heading to 1.331x and then maybe a new high...
When life gives you lemons, make lemonade
  • #610,947
  • Mar 16, 2012 11:37am Mar 16, 2012 11:37am
Quoting pip.com
it can be a very long time....whats the lot size?
90200 units...
  • #610,948
  • Mar 16, 2012 11:37am Mar 16, 2012 11:37am
Quoting Anti_Losses
I am short at an average of 1.31041 how many weeks do I need to wait...
Do you know in 2008 eu/aud moved over 2000 pip in a day , consider using s/l next time instate of averaging.
Mohan
  • #610,949
  • Mar 16, 2012 11:38am Mar 16, 2012 11:38am
Wondering should I leave it and open new short next week...
  • #610,950
  • Mar 16, 2012 11:38am Mar 16, 2012 11:38am
Would anyone like to speculate on the odd's of reaching 1.5748 (GBP/USD) before reversing?
  • #610,951
  • Mar 16, 2012 11:38am Mar 16, 2012 11:38am
Quoting Anti_Losses
90200 units...
why u didnt closed it when market was spiking
There is no substitute of hard work and experience. $ € £ ¥
  • #610,952
  • Mar 16, 2012 11:40am Mar 16, 2012 11:40am
Quoting Kowalczyk
Would anyone like to speculate on the odd's of reaching 1.5748 (GBP/USD) before reversing?
well that's against the trend... something i don't do
When life gives you lemons, make lemonade
  • #610,953
  • Mar 16, 2012 11:41am Mar 16, 2012 11:41am
Quoting kuroro001
Flipping a coin is 50/50
Taking a position is less than 50/50 because of the spread when you take a position you are immediatly in the red.

Sum it up and you will see the probability is not in your favor...luck is...so i hope your luck will last
Hi Kuroro, did he just insinuate "Gambling"???

Please permit me to educate some...

According to an economics book I'm reading, speculation is wagering on pre-existing risk whereas gambling is wagering on created risk. So in that sense running a casino would be gambling but running an insurance company or trading would be speculation.

Trading is not a form of gambling, as gambling in its simplest form refers to an edge that cannot be outperformed by the house whom provides the services to the punter, or more commonly known as the ‘idiot’.

Trading, can outperform the odd’s, therefore it is speculation, not gambling.

You see, gambling is when the parameters are fixed and you can’t go beyond these as the house edge stops you. Speculation, on the other hand, has no parameters and it is down to one’s knowledge to seek these parameters and find an edge that works for them, the trader.

- Take any casino game, the parameters are visibly fixed, and also statistically.

- Take any trade, the parameters are not fixed, interpreting the data given to you correctly will enhance your probability of making the trade profitable.

And, yes, before you catch me out, the term ‘probability’ can be used as a common phrase in both gambling and speculating.

I hope he gets it now.


BTW, thanks Micho. You're a darling...
Don't just beat the markets, leave bruises.
  • #610,954
  • Mar 16, 2012 11:41am Mar 16, 2012 11:41am
Stop loss is something I still cannot bring myself to put a figure cos too tight close and lose for nothing... usually base on what time frame chart do you ppl use to put sl? How many pips about or below the theoretical sl?
  • #610,955
  • Mar 16, 2012 11:41am Mar 16, 2012 11:41am
Quoting Kowalczyk
So according to you, you have a less than 50/50 chance to win ( because of the spread) and yet you still trade. On top of that, you think that you could be profitable in a couple of months. If trading is a losing game, how come some people are able to consistently make profits and call correct trades?
no actually that is not really true cuz i don't trade big sizes at most a lot or a lot and half so the spread doesn't really count for me so it is just 50 50 yes i agree on that and what really made the difference is me understanding that fact that its a probabilities game and i didn't say its a lost game or else i would not have remained trading it ...
  • #610,956
  • Mar 16, 2012 11:42am Mar 16, 2012 11:42am
Quoting Kowalczyk
Would anyone like to speculate on the odd's of reaching 1.5748 (GBP/USD) before reversing?
I consider short there, but not sure of my point of view... How do you think?
  • #610,957
  • Mar 16, 2012 11:44am Mar 16, 2012 11:44am
Quoting pip.com
why u didnt closed it when market was spiking
I am doing averaging... So did not close. Statistically such thing seldom happen but guess this time round I am caught...
  • #610,958
  • Mar 16, 2012 11:44am Mar 16, 2012 11:44am
Quoting Anti_Losses
Stop loss is something I still cannot bring myself to put a figure cos too tight close and lose for nothing... usually base on what time frame chart do you ppl use to put sl? How many pips about or below the theoretical sl?
stop loss for me is for kids who are scared to wake up and see the red numbers... i use my own self to stop the loss and not count a stupid fixed number to lose my money
When life gives you lemons, make lemonade
  • #610,959
  • Mar 16, 2012 11:45am Mar 16, 2012 11:45am
Quoting Patience
Sorry, had to pop out. I do all right but I've been fiddling with this market for a fair few years now. I'm just saying that I don't think many people get away without being smacked around the head a few times by the market and without having to put a few years of hard graft in and I wouldn't wish that experience on my friends.
post of the day
  • #610,960
  • Mar 16, 2012 11:48am Mar 16, 2012 11:48am
Quoting Anti_Losses
I am doing averaging... So did not close. Statistically such thing seldom happen but guess this time round I am caught...
yes u are caught with ur pants down

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There is no substitute of hard work and experience. $ € £ ¥
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