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  • #665,941
  • Jul 5, 2012 9:25pm Jul 5, 2012 9:25pm
Quoting inpatient
not that i agree with his logic but 0.25% rate change (in his equation) would give 1.25 x 0.025
But that's not what he said. He specifically said the currency would be "devalued by 25%".

Either way, the dude can't do a simple math problem; like I said, I wasn't going to get into his faulty logic.
check out my blog: forexmademillionaire dot com
  • #665,942
  • Jul 5, 2012 9:25pm Jul 5, 2012 9:25pm
Quoting pkimnyc
after the news. if my chart agrees, i'm taking it. most likely i'll miss it, then next week. if continues south, then it's easy.
Indeed. I'm free-rollin' now anyway, so don't listen to anything I say
check out my blog: forexmademillionaire dot com
  • #665,943
  • Jul 5, 2012 9:29pm Jul 5, 2012 9:29pm
Quoting Geppy
Indeed. I'm free-rollin' now anyway, so don't listen to anything I say
lol. you're in a good spot buddy.
  • #665,944
  • Jul 5, 2012 9:32pm Jul 5, 2012 9:32pm
we should go to 2370 before 2396,, so a bounce near 2696 seems like a good move to start the party 2383 ish
those who can, do. those who cant, talk about those who can
  • #665,945
  • Jul 5, 2012 9:35pm Jul 5, 2012 9:35pm
Quoting gatorinla
we should go to 2370 before 2396,, so a bounce near 2696 seems like a good move to start the party 2383 ish
factoring in the news spike?
  • #665,946
  • Jul 5, 2012 9:39pm Jul 5, 2012 9:39pm
Quoting TrevorM
4 pips, lol
is not that great? i hope you caught the bottom
As Above, So Below
  • #665,947
  • Jul 5, 2012 9:45pm Jul 5, 2012 9:45pm
Quoting gatorinla
we should go to 2370 before 2396,, so a bounce near 2696 seems like a good move to start the party 2383 ish
waiting for 2366 for buy
Sometimes it's better to be wrong,to learn..
  • #665,948
  • Jul 5, 2012 9:46pm Jul 5, 2012 9:46pm
what about AU guys,its near to its strong support,will it hold today?
Sometimes it's better to be wrong,to learn..
  • #665,949
  • Jul 5, 2012 9:46pm Jul 5, 2012 9:46pm
Quoting Geppy
Obviously not that easy cause the dude can't even due simple math.

I'm not going to even get into the subject of his faulty logic, but devaluing something (in this case the Euro) by 25% would look more like this:

(Current price) - (Current price*0.25) = new price

Plugging in we'd get:

1.2500 - 0.3125 = 0.9375

Basically, don't listen to a moron that can't do a simple math problem.
i hope you do not think that i consider this funny calculation smth real, it is more entertaining. how on earth someone can think that there is a magic formula in this business?
As Above, So Below
  • #665,950
  • Jul 5, 2012 9:47pm Jul 5, 2012 9:47pm
Quoting KiNgEdwarD
waiting for 2366 for buy
on what basis
  • #665,951
  • Jul 5, 2012 9:49pm Jul 5, 2012 9:49pm
Quoting ptetech
on what basis
scalp
Sometimes it's better to be wrong,to learn..
  • #665,952
  • Jul 5, 2012 9:49pm Jul 5, 2012 9:49pm
Quoting KiNgEdwarD
scalp
if not reached there selling from 240x
Sometimes it's better to be wrong,to learn..
  • #665,953
  • Jul 5, 2012 9:51pm Jul 5, 2012 9:51pm
Quoting ptetech
on what basis
2363 was yesterday low or more precisely support,will scalp for 10 pips
Sometimes it's better to be wrong,to learn..
  • #665,954
  • Jul 5, 2012 9:57pm Jul 5, 2012 9:57pm
long at 1.238x target 1.246x
  • #665,955
  • Jul 5, 2012 9:57pm Jul 5, 2012 9:57pm
Quoting gatorinla
we should go to 2370 before 2396,, so a bounce near 2696 seems like a good move to start the party 2383 ish
1.2696... you are one of the most optimistic ppl around. i can see that you are aiming at triple top. but i am not sure the resistance can handle the third attempt.
As Above, So Below
  • #665,956
  • Jul 5, 2012 10:04pm Jul 5, 2012 10:04pm
Quoting gatorinla
we should go to 2370 before 2396,, so a bounce near 2696 seems like a good move to start the party 2383 ish
hey Gator not seen awhile

I am trading daily and weekly, lately is bestmove I ever did, scalping to a minimum till pa settle down, as usual nice accurate numbers "but" as we been in a crappy 13 pip range today , have take 2 scalps of todays open, banked 10 and left 12 to offset my last entry, am still waiting last asian level to print, got 2 nice scalps of kiwi and aussie from todays opens,
have entrees retest of breached daily eu bear flag, they doing ok,

her at nice support, but time will tell, bears is looking in shitty mood

What your thoughts nfp UR logical assumptions more jobs yesterday theoretically shoud show in UR, who knows, fundies has been 75% bs lately
If you are new to Forex? Say Goodbye to your account!!
  • #665,957
  • Jul 5, 2012 10:08pm Jul 5, 2012 10:08pm
Quoting KiwiTrada
hey Gator not seen awhile

I am trading daily and weekly, lately is bestmove I ever did, scalping to a minimum till pa settle down, as usual nice accurate numbers "but" as we been in a crappy 13 pip range today , have take 2 scalps of todays open, banked 10 and left 12 to offset my last entry, am still waiting last asian level to print, got 2 nice scalps of kiwi and aussie from todays opens,
have entrees retest of breached daily eu bear flag, they doing ok,

her at nice support, but time will tell, bears is looking in shitty...
shit forgot crappy scalp chart, is 5min cause such little range 13 pip, but 50 sma still squeezing pa down, am watching 200 sma cruising down to see if her will help squeeze her down, or her going pop up through both, pop up would be nice quick pips, and if ma squeeze her down to new low, mmm might get few quick pip too fuk is boring going shopping bbl
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If you are new to Forex? Say Goodbye to your account!!
  • #665,958
  • Edited 10:30pm Jul 5, 2012 10:16pm | Edited 10:30pm

Action for the NFP



If positive :

1) I will long Nymex crude oil

2) I will short EUR/CAD. why, simply because oil price are likely to go up and if oil price go up, the CAD will also go up. But since its a good US news, the CAD will be more efficient against the EUR or GBP than USD

3) I will short gold. Gold will go down big time in this scenario

If negative :

1) I will short Nymex crude oil

2) I will long EUR/USD. why, we have been bearish for the whole week, if the NFP is negative, people who had their short open will be force to close their position, while people other people will close their short simply because they want to take their profit. + the fact that it will be bad for USD

3) I will long Gold


Good NFP everyone and I hope we all make profit
Alternatives are more important than the plan itself
  • #665,959
  • Jul 5, 2012 10:30pm Jul 5, 2012 10:30pm
Quoting -Melo-

Action for the NFP




If positive :

1) I will long Nymex crude oil

2) I will short EUR/CAD. why, simply because oil price are likely to go up and if oil price go up, the CAD will also go up. But since its a good US news, the CAD will be more efficient against the EUR or GBP than USD


If negative :

1) I will short Nymex crude oil

2) I will long EUR/USD. why, we have been bearish for the whole...
What man proposes, God disposes.

I am short and will remain short.................................................................... because I was born short
The Thief of Wall Street
  • #665,960
  • Jul 5, 2012 10:33pm Jul 5, 2012 10:33pm
Quoting Chicky
What man proposes, God disposes.

I am short and will remain short.................................................................... because I was born short
it's happens due to no communication , next time make a proper communication with your god
Mohan
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