Well said so ...
Are you heading for your restaurant now?
"Men who can both be right and sit tight are uncommon."
- #668,761
- Jul 17, 2012 12:53am Jul 17, 2012 12:53am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
- #668,762
- Jul 17, 2012 12:55am Jul 17, 2012 12:55am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
Yes absolutely agree, analysis to paralysis, I dont use any indicators, but dont worry for those who do, and yes need to keep things as simple as possible, at the end of the day it is your account which will tell you how you going
"Men who can both be right and sit tight are uncommon."
- #668,763
- Jul 17, 2012 1:10am Jul 17, 2012 1:10am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #668,764
- Jul 17, 2012 1:18am Jul 17, 2012 1:18am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
"Men who can both be right and sit tight are uncommon."
- #668,767
- Jul 17, 2012 1:44am Jul 17, 2012 1:44am
- | Membership Revoked | Joined Jun 2012 | 1,547 Posts
Thank you Mike.. just woke up from my nap.
"Men who can both be right and sit tight are uncommon."
- #668,769
- Jul 17, 2012 1:51am Jul 17, 2012 1:51am
Bro is nice story, but although I like to keep trading as simple as possible, this is a little over simplistic.
I an not disagreeing with what your story say, just is too simplistic and trading is anything but simple and easy.
Let me explain, the little girl is partly correct, market is going down he should be selling, or vice versa "however" yes market is going down, but must give consideration to things like very good S&R
Pa could have dropped 1000 pips, and seller would have done well, however, major support near, to keep sell is dangerous...
- #668,770
- Jul 17, 2012 1:53am Jul 17, 2012 1:53am
- | Joined May 2012 | Status: Trader | 1,292 Posts
Ok. maybe i am wrong because U.S retail sales droped very sharplly because of very strong dollar.strong dollar hurting u.s economy very depplly because.
1. General motors sales are dropping now.
2. BMW,Audi, VW sales are rising because of weak euro.
FOR EUROPE WEAK EURO IS VERY GOOD THING because its helping to recover the economy.
So i see a possibility that he will use some action but not today.
maybe next week.
FED is angry on ECB because that rate cut makes dollar stronger.
And FED need to reconsider what to do next? ? ? ?
So americans are angry on europe.
Most of you think that if euro is weak then its bad bad economy and so on. NO !!! its very good for economy.
look how japan is trying to weaken yen
Even if Bernanke will use QE3 dont forget that Mario Drahi has a wide range to continue to lower interest rate from 0.75 to 0 %
so i am bearinsh on EURO.
- #668,772
- Jul 17, 2012 2:09am Jul 17, 2012 2:09am
- | Joined May 2012 | Status: Trader | 1,292 Posts
Man,u sound like an angry bear that got burnt..fx trading is all about speculation,but there are also a lot of certainties. Governments are expected to do certain things when economic conditions warrant them, and they "usually" do, cos other Governments did them..An interesting loop. I speculate a weak dollar. Oil is up, Gold is up, usd index is down. I suspect we are in wave 1,so we could get some retrace before another leg up.
My strategy shows me a weak dollar,waiting for a confirmed euro strength..I speculate 1.25 atleast..cheers mate..
- #668,773
- Jul 17, 2012 2:10am Jul 17, 2012 2:10am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
strong dollar hurting u.s economy very depplly because.
1. General motors sales are dropping now.
2. BMW,Audi, VW sales are rising because of weak euro.
FOR EUROPE WEAK EURO IS VERY GOOD THING because its helping to recover the economy.
So i see a possibility that he will use some action but not today.
maybe next week.
FED is angry on ECB because that rate cut makes dollar stronger.
And FED need to reconsider what to do next? ? ? ?
So...
Geppy is hovering around extreme lows, sadly many many buyers have been trying to get a position and repeatedly being clipped,
I have faded most interventions with good success, also been very tightly selling her, in and out, and being doing ok, however, "Yen" is an enormous bubble, as with all economic bubbles, when it pop, it "will" be a violent sky rocket, problem is when, longer term, yen rr is long, key is when entry and how, my long term account,I have already been consider long geppy, and prepared to give entry room to breathe, it will be my 3rd try this year, I have built my position, removed sl risk, however both first 2 attempts have clipped me, however shorter term, I happy to defend each resistance on its own merit.
She a beast bro, but long term the rewards will be worth the effort
If you are new to Forex? Say Goodbye to your account!!
- #668,779
- Jul 17, 2012 2:47am Jul 17, 2012 2:47am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
I am short EUR @ 1.2301 small SL
I am short GBP @ 1.5660 small SL
If you are new to Forex? Say Goodbye to your account!!
- #668,780
- Jul 17, 2012 2:49am Jul 17, 2012 2:49am
- | Joined Jan 2009 | Status: Ex-pat New Yorker. | 1,053 Posts
"The market can remain irrational longer than you can remain solvent"