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  • #601
  • Edited 2:45am May 7, 2012 1:58am | Edited 2:45am
Quoting nanningbob

What is really funny is you dont even realize you just made a fool of yourself. Good show.
lol, easy to say but not so easy to substantiate, eh Bob.

I point out your nonsense and correct it. You, not so much....you already ran away from Bluesteele when you couldn't reply to his challenges, is there a trend forming?

By the way how's your 'whip-lash', not to mention your "What goes up must come down and what goes down must come up." theory?


Quoting nanningbob

I startd almost 6 years ago when a trader taught me to trade the 15M chart. Got tired of getting my head bashed in and whip-lashed.
Quoting nanningbob

What goes up must come down and what goes down must come up. That is the only truth about Forex I have found to be 100% true all the time. So I trade that truth and the whole philosophy of my trading is based on that truth
Bob, no offence but for your supposed 6 years in the business you don't seem to have progressed very far!

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  • #602
  • May 7, 2012 2:06am May 7, 2012 2:06am
Quoting moodybot

Works both ways as well, OP sets up an account to prove/ dissprove the method, but thoses members that know that the idea is flawed will also have to link in their account to provide reasonable reasons with evidence as to why its BS, rather than the usual shooting from the hip.
Some things are just basic common sense and elementary math, they should be obvious to even the most challenged among us, but disprove a negative?
  • #603
  • May 8, 2012 1:30am May 8, 2012 1:30am
Quoting pipmutt
Some things are just basic common sense and elementary math, they should be obvious to even the most challenged among us, but disprove a negative?

Thats fine, I hadn't realised that Nacho's idea had been proved mathematically impossible.

M.
  • #604
  • May 8, 2012 1:57am May 8, 2012 1:57am
Quoting pipmutt
lol, easy to say but not so easy to substantiate, eh Bob.

I point out your nonsense and correct it. You, not so much....you already ran away from Bluesteele when you couldn't reply to his challenges, is there a trend forming?

By the way how's your 'whip-lash', not to mention your "What goes up must come down and what goes down must come up." theory?






Bob, no offence but for your supposed 6 years in the business you don't seem to have progressed very far!

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Then why did you make a fool of yourself or dont you realize you have done that yet???
  • #605
  • May 8, 2012 2:00am May 8, 2012 2:00am
Somehow the phrase No StopLoss tends to start WW3. I wonder I wonder why. Somehow I have a feeling the war contestants are enjoying it. Oh well as long as everyone is happy.

I am still trying to figure out how NNbob can take beatings with a cool head. I envy that.
Riding the order flow
  • #606
  • May 8, 2012 2:24am May 8, 2012 2:24am
Quoting Binyamin
Somehow the phrase No StopLoss tends to start WW3. I wonder I wonder why. Somehow I have a feeling the war contestants are enjoying it. Oh well as long as everyone is happy.

I am still trying to figure out how NNbob can take beatings with a cool head. I envy that.
To me it is simple. Some people can think outside the box and be 3 dimensional thinkers, others can not. When a two dimensional person thinks they have you, you just smile knowing what you do works whether they believe it or not or conceptualize it or not is not my problem. I think PipMutt is kind of a funny guy. He doesnt even realize the trap he has put himself into, I like watching him hang himself with his own rope. So it is easy to stay cool that way. I mean if you really had listen to what I was saying or what I have written and taught in my threads compared what they try to picture me as you know they are two different things. The fact that I have said I have SL points and take losing trades have never phased them into basically outright lying about my positions so they think they can win an argument. The bottom line is since the very beginning of the other SL thread with some exceptions of course, they act like middle school students horsing around in Art or Music class. I have seen the behavior for decades so it doesnt phase me at all. It is just I do expect adults to act accordingly and some here dont.

I do have one thing to say though, in all my years of life, this is the first place I have been shown such contempt and disrespect. Kind of a new experience for me. So it helps me to understand what it is like. Anyway, the Pipmutts, BlueSteeles, and NubCakes are the real losers here. Everyone else gets to learn something and impart knowledge. 2+2 is a very respectable trader and worth listening too, so is Hanover and some of the others. There is nothing wrong with their ideas or thoughts and probably a lot of traders have learned alot from what they have said, but obviously in some areas I disagree with them. But I dont have to blast them and call them names to debate. Pipmutt he is something else, just give him some rope and watch him hang himself. Amusing.
  • #607
  • May 8, 2012 12:53pm May 8, 2012 12:53pm
Quoting Binyamin

Somehow I have a feeling the war contestants are enjoying it.
Thoroughly, otherwise I wouldn't participate!

I especially enjoy pointing out when Bob makes some inane comment or blatant error and watching his reaction, like I said in a previous post, rather than admit he's wrong he'll either ignore it and bury his head in the sand, try to squeeze the toothpaste back in the tube, or come out with some obvious remark like "I got it right. When you buy eur on eur/usd you are buying eur. When you sell eur/usd you are buying usd. That is correct.". It's quite funny to watch.....

Ah ya gotta luv FF!
  • #608
  • May 8, 2012 1:15pm May 8, 2012 1:15pm
Quoting pipmutt
Thoroughly, otherwise I wouldn't participate!

I especially enjoy pointing out when Bob makes some inane comment or blatant error and watching his reaction, like I said in a previous post, rather than admit he's wrong he'll either ignore it and bury his head in the sand, try to squeeze the toothpaste back in the tube, or come out with some obvious remark like "I got it right. When you buy eur on eur/usd you are buying eur. When you sell eur/usd you are buying usd. That is correct.". It's quite funny to watch.....

Ah ya gotta luv...
Do you realize you are the only one challenging that statement and you are dead wrong. Do you realize that???? That is the rope you are hanging yourself with. Do you know that the statement is 100% correct? Sheesh guy, are you really that dumb??
  • #609
  • May 8, 2012 1:30pm May 8, 2012 1:30pm
Quoting nanningbob

Do you realize you are the only one challenging that statement and you are dead wrong. Do you realize that???? That is the rope you are hanging yourself with. Do you know that the statement is 100% correct? Sheesh guy, are you really that dumb??
lol, I'm not challenging the statement, just what it was in reply to! You totally sidestepped the subject and came out with a really obvious statement.

See that's why I said "rather than admit he's wrong he'll........come out with some obvious remark"

lol, you still don't get it do you!

Bob I've lost track of the number of times I and others have had to correct your errors, you just seem so lost!
  • #610
  • May 8, 2012 5:14pm May 8, 2012 5:14pm
Quoting pipmutt
lol, I'm not challenging the statement, just what it was in reply to! You totally sidestepped the subject and came out with a really obvious statement.

See that's why I said "rather than admit he's wrong he'll........come out with some obvious remark"

lol, you still don't get it do you!

Bob I've lost track of the number of times I and others have had to correct your errors, you just seem so lost!
I love it. Go ahead cut and paste another statement, ohhhhhhh you like being a slippery eel. Try to prove what I said was wrong and please please go back to my statement about the bank of India. I would love to see you make a fool of yourself about that one too. This is fun, he really thinks he slipped out of that one too.
  • #611
  • May 8, 2012 9:25pm May 8, 2012 9:25pm
Quoting nanningbob

please please go back to my statement about the bank of India. I would love to see you make a fool of yourself about that one too. This is fun, he really thinks he slipped out of that one too.
Which one of your posts would you like to discuss Bob, this one.......


Quoting nanningbob
MUMBAI -- India's central bank Monday urged companies to hedge a larger portion of their currency exposures, saying that any foreign-exchange losses incurred by the firms could hurt their creditor banks.

.....or this one......


Quoting nanningbob
Here is the real fact, you cannot buy and sell IBM at the same time it is a zero sum, you can only do one or the other as separate transactions. You cant sell IBM if you dont have any. You cannot buy and sell eur/usd. You can buy eur and you can buy usd and you can buy both at the same time because they are two different instruments not unlike stocks etc. I have to buy IBM stock before I can sell it. However with eur/usd I can do both at the same time, I can buy euro and I can buy usd at the same time, that is a fact. So they are two separate transactions....

I replied to both, which you couldn't respond to and is when you started blowing smoke with your totally unrelated (not to mention patently obvious!) statement: 'When you buy eur on eur/usd you are buying eur. When you sell eur/usd you are buying usd.'

Now, if you really think you're able to hold a sensible conversation about either/both subjects then reply to my replies to your two posts, they're only a couple of pages back.

What's your excuse going to be this time Bob, or are you going to come out with yet another unrelated obvious statement so you can say 'I'm right, I'm right' about something? Or perhaps you'll run away again like you did from Bluesteele?
  • #612
  • May 8, 2012 9:59pm May 8, 2012 9:59pm
Quoting pipmutt
Which one of your posts would you like to discuss Bob, this one.......





.....or this one......





I replied to both, which you couldn't respond to and is when you started blowing smoke with your totally unrelated (not to mention patently obvious!) statement: 'When you buy eur on eur/usd you are buying eur. When you sell eur/usd you are buying usd.'

Now, if you really think you're able to hold a sensible conversation about either/both subjects then reply to my replies to your two posts, they're only a couple of pages back.

What's your...
Thank you for sticking your head in the noose. I will get back to this. I ran from BlueSteele, are you a joke, serious. I challenged his manhood and called him a coward because he could not post how to use a SL. He disappeared for 3 days hoping the challenge would go away. The challenge still stands BlueSteele. You are a coward and nothing but a head basher. He has never contributed a single idea that would make a person a better trader. I have said this before and I am not afraid to say it again. There is nothing he has ever posted that would help anyone. It is why he got banned. You come from the same camp. You have nothing to say that makes people better traders. You only laugh mock and make contempt thinking that is some kind of intelligence. Anyway hanging you is going to be fun.
  • #613
  • May 8, 2012 10:20pm May 8, 2012 10:20pm
Quoting nanningbob

Thank you for sticking your head in the noose........hanging you is going to be fun.
Well please don't let me delay you, when is this public execution going to start?

You expended all that energy posting insults at Bluesteele (cheap shots as you know he can't reply on this thread) but failed, as usual, to reply to my post.

Carry on, I'm ready whenever you are.......assuming of course that you don't try to get me banned from the thread like you did Bluesteele! Is that what you're waiting for? Don't worry, I'll always find somewhere to reply to your posts, Bluesteele did but I see you avoided responding!
  • #614
  • May 8, 2012 11:34pm May 8, 2012 11:34pm
Quoting pipmutt
Well please don't let me delay you, when is this public execution going to start?

You expended all that energy posting insults at Bluesteele (cheap shots as you know he can't reply on this thread) but failed, as usual, to reply to my post.

Carry on, I'm ready whenever you are.......assuming of course that you don't try to get me banned from the thread like you did Bluesteele! Is that what you're waiting for? Don't worry, I'll always find somewhere to reply to your posts, [url="http://www.forexfactory.com/showthread.php?p=5641688#post5641688"]Bluesteele...
I posted these when he was here he disappeared and came back 3 days later just like I knew he would. I called him a coward when he was here an and nothing has changed. He got banned because he cant post anything that is beneficial in trading.
  • #615
  • Edited 11:55pm May 8, 2012 11:42pm | Edited 11:55pm
Shorting in stocks and sell the eur/usd are not the same thing. That is one error for you. When I buy euro I actually get euro when I sell euro I get usd. That is not the same as shorting totally different ball game you dont take possession of the stock until you close the deal but then the stock is sold and so possession sometimes is never really had. Noose #1 around your neck.

Short selling is the selling of a stock that the seller doesn't own. More specifically, a short sale is the sale of a security that isn't owned by the seller, but that is promised to be delivered. That may sound confusing, but it's actually a simple concept. (To learn more, read Benefit From Borrowed Securities.)
Still with us? Here's the skinny: when you short sell a stock, your broker will lend it to you. The stock will come from the brokerage's own inventory, from another one of the firm's customers, or from another brokerage firm. The shares are sold and the proceeds are credited to your account. Sooner or later, you must "close" the short by buying back the same number of shares (called covering) and returning them to your broker. If the price drops, you can buy back the stock at the lower price and make a profit on the difference. If the price of the stock rises, you have to buy it back at the higher price, and you lose money.

Read more: http://www.investopedia.com/universi...#ixzz1uP33vgM4
  • #616
  • May 8, 2012 11:53pm May 8, 2012 11:53pm
#2 Statements have been made over the uselessness of hedging.

Your opinion of it is worthless because if traders use it then it has worth. Examples
For example: No real trader would ever do that. (guess what banks are the biggest traders on the market and they will hedge) That is 2 nooses around your neck.
Brokers hedge their positions when there are more buyers than sellers or visa versa They do this to protect their accounts. #3 noose around your neck.
All I have to do is show one time that there is a purpose in a hedge that is valid and that defeats your arguement that hedging is useless. The Bank of India clearly showed a valid use for hedging so you were defeated again. That is noose #4.
Corporations will hedge to protect their equity. That is why it is called hedging and why hedging term is used. It is hedging. No getting around that. Noose #5

The fallacy of the anti-hedging argument is they assume the hedge buy/sell are undone at the same time. That is a brainless argument. The success of hedging is done when both can go into profit. A good CT trader knows how to do that. You dont, in fact cant even comprehend that.

Noose #6

I could go on but that is enough hangings for now.
  • #617
  • May 8, 2012 11:57pm May 8, 2012 11:57pm
I like this pic .......... Pipmutt getting dressed before his hanging.
Attached Image
  • #618
  • May 9, 2012 12:03am May 9, 2012 12:03am
We need more discussion using the top half of the pyramid. Less of the bottom half. I reckon this chart needs to be stickied somewhere lol

http://postimage.org/image/oeqzuph23/http://s17.postimage.org/oeqzuph23/3...nt_pyramid.jpg

Stating your experience is no better than ad hominem. True substance can offer refutation

People don't produce maths arguments for fun. It is so that we know whatever we say can actually be backed up with some kind of evidence. And just to be clear... tribal knowledge, unsubstantiated claims or personal experience is really not good example of evidence.

Unfortunately what I notice is that the no SL camp constantly provides a discussion up to "contradiction". There is very few counterargument or refutation from your camp. Most of the time your arguments end up something like "I do it and it works for me... but I can't explain why it works".
  • #619
  • May 9, 2012 12:45am May 9, 2012 12:45am
Fare reply NNbob. Good to know.

Anyway. I know of a few professional swing traders that always trade without a SL, they use mental SL. They do that to avoid SL hunting.

I know this is a weak argument but what I am trying to say is, I am testifying that there are people in the market making a lot of money consistently for many years and not using SL.
Riding the order flow
  • #620
  • May 9, 2012 1:01am May 9, 2012 1:01am
Quoting nanningbob

Shorting in stocks and sell the eur/usd are not the same thing. That is one error for you.
lol, you're the one who started talking about IBM, not me......

Quoting nanningbob
Here is the real fact, you cannot buy and sell IBM at the same time it is a zero sum, you can only do one or the other as separate transactions. You cant sell IBM if you dont have any. You cannot buy and sell eur/usd.


Quoting nanningbob

When I buy euro I actually get euro when I sell euro I get usd. That is not the same as shorting totally different ball game you dont take possession of the stock until you close the deal but then the stock is sold and so possession sometimes is never really had. Noose #1 around your neck.
Sorry what has any of that copy and paste from investopedia got to do with nedging? And this bit, "you dont take possession of the stock until you close the deal but then the stock is sold and so possession sometimes is never really had.". LOL, you seem to be tying yourself up in knots rather than tying a noose around my neck!

Really, is that all you're bringing to this public hanging, come on Bob surely you can do better! Oh no wait, there's more!.......



Quoting nanningbob

Statements have been made over the uselessness of hedging.

Your opinion of it is worthless because if traders use it then it has worth.
There's absolutely nothing wrong with hedging risk and exposure, it makes perfect sense and is nothing new, but that's not what nedging is so your examples and attempts at some sort of justification for it are meaningless, irrelevant, and ineffective. It's been explained to you and others numerous times but you still fail to grasp the simple concept that if, with the same currency, you buy something and sell an equal quantity of the same thing then in effect you have.....nothing!

Bob you disappoint me although I must admit I'm not altogether surprised. You've again managed to totally avoid the subject and instead introduce unrelated subjects, which you've then gone on to copy, paste, and plagiarize!

As hangings go it's a bit of a non starter this one I'm afraid Bob, the rope snapped and the trap door got stuck!
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