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  • #669,901
  • Jul 19, 2012 7:03pm Jul 19, 2012 7:03pm
Quoting KiwiTrada
nope you are incorrect

Forex is not about making money 1st, its about surviving 1st.
Is not a get rich quick scheme.
Forex Trading is a drug and is addicting
Its more about protecting what you already have 1st.

It takes a lot of research, study, screen time, patience and finally disipline, sticking to your trade plan.

Yes at the end of the day you want to increase your account, but take out any of the above, and you will shrink your account

The is clear reasons why 95% of traders fail, why not heed...

i think one line deserve red highlighting ,i am on of those victim

good news is i am 50 % reablitaed
Mohan
  • #669,902
  • Jul 19, 2012 7:09pm Jul 19, 2012 7:09pm
Quoting KiwiTrada
nope you are incorrect

Forex is not about making money 1st, its about surviving 1st.
Is not a get rich quick scheme.
Forex Trading is a drug and is addicting
Its more about protecting what you already have 1st.

It takes a lot of research, study, screen time, patience and finally disipline, sticking to your trade plan.

Yes at the end of the day you want to increase your account, but take out any of the above, and you will shrink your account

The is clear reasons why 95% of traders fail, why not heed them
Amen!!!

In the end, we all trade with the purpose of making more money than what we currently have. Because we cannot predict the markets (with any degree of certainty and consistency), but we can control (with a degree of certainty and consistency) our risks and our accounts.
  • #669,903
  • Jul 19, 2012 7:12pm Jul 19, 2012 7:12pm
Quoting mohan76
i think one line deserve red highlighting ,i am on of those victim
Recognising that you addicted to it is the first step forward.
"Men who can both be right and sit tight are uncommon."
  • #669,904
  • Jul 19, 2012 7:18pm Jul 19, 2012 7:18pm
Quoting mercy seat
Are you an AFP Newsreporter in Madrid?


I live in Madrid and i´ve seen the people in the centre of town right now, and is not a huge crowd. Most of them are antisystem that goes every other day to whatever manifestation just to have fun, drinks and smoke pot.
A huge crowd in Madrid was when the celebration of the Euro soccer championship.
Im telling you what i see, sorry if you take it the wrong way. I dont participate in this forum too much, but when i decide to participate just to inform what i see (and the reality) the feedback its not good, so ...
  • #669,905
  • Jul 19, 2012 7:19pm Jul 19, 2012 7:19pm
Quoting Mike8
Recognising that you addicted to it is the first step forward.
now i have lot of self control rules and forced control mechanism safe to i am 50 % rehabilitated end of the year i will be 199% rehabilitated
Mohan
  • #669,906
  • Jul 19, 2012 7:25pm Jul 19, 2012 7:25pm
My view.
Attached Image (click to enlarge)
Click to Enlarge Name: 30mgann2.jpg Size: 108 KB
Time turns trend. - W.D. Gann
  • #669,907
  • Jul 19, 2012 7:25pm Jul 19, 2012 7:25pm
Quoting mohan76
now i have lot of self control rules and forced control mechanism safe to i am 50 % rehabilitated end of the year i will be 199% rehabilitated
hahahahaha yup agreed I am addict too but I dont want rehabilitating, and agreed 1st good sign is admitting am addict, but bro trying to picture 199% rehabilitated, is guess that would be comatose
If you are new to Forex? Say Goodbye to your account!!
  • #669,908
  • Jul 19, 2012 7:27pm Jul 19, 2012 7:27pm
Quoting KiwiTrada
nope you are incorrect

Forex is not about making money 1st, its about surviving 1st.
Is not a get rich quick scheme.
Forex Trading is a drug and is addicting
Its more about protecting what you already have 1st.

It takes a lot of research, study, screen time, patience and finally disipline, sticking to your trade plan.

Yes at the end of the day you want to increase your account, but take out any of the above, and you will shrink your account

The is clear reasons why 95% of traders fail, why not heed them
MAN IS THIS SO TRUE
  • #669,909
  • Jul 19, 2012 7:28pm Jul 19, 2012 7:28pm
Quoting KiwiTrada
Is not a get rich quick scheme.
That was my biggest mistake when I first entered this market. So true.
Time turns trend. - W.D. Gann
  • #669,910
  • Jul 19, 2012 7:29pm Jul 19, 2012 7:29pm
I got bored this 1.22871 yoyo game.
Trade what you see..
  • #669,911
  • Jul 19, 2012 7:30pm Jul 19, 2012 7:30pm
Quoting attila
I think so. Technically all dips have been bought. However, we never know when an idiot politician opens his mouth.

17 pip drop out of nowhere ...prescient. Was it Azumi?


DOES ANYONE HAVE A STREAMING LINK TO THAT GUY'S DAMN SPEECH???

I've googled it every which way; can't find a thing.
  • #669,912
  • Jul 19, 2012 7:36pm Jul 19, 2012 7:36pm
Quoting RWalker
17 pip drop out of nowhere ...prescient. Was it Azumi?


DOES ANYONE HAVE A STREAMING LINK TO THAT GUY'S DAMN SPEECH???

I've googled it every which way; can't find a thing.


Moves usually happen out of nowhere. At least for the non insiders


Broad usd strength, jpy pulling back, aud, eur weak -> pips till M5/M15 where we are sitting now on AJ, EJ, GU, AU actually pretty much everything.
  • #669,913
  • Jul 19, 2012 7:36pm Jul 19, 2012 7:36pm
Quoting mohan76
now i have lot of self control rules and forced control mechanism safe to i am 50 % rehabilitated end of the year i will be 199% rehabilitated
LOL.

Keep in mind that the "non control" is the best control.

Is like anxiety more you try less you control. Acknowledging it should be sufficient. Just like in meditation, I suggest vipassana meditation.
"Men who can both be right and sit tight are uncommon."
  • #669,914
  • Jul 19, 2012 7:38pm Jul 19, 2012 7:38pm
http://www.heraldsun.com.au/business...-1226429641732
"Men who can both be right and sit tight are uncommon."
  • #669,915
  • Edited 7:53pm Jul 19, 2012 7:41pm | Edited 7:53pm
Quoting unknown4x
Moves usually happen out of nowhere. At least for the non insiders


Broad usd strength, jpy pulling back, aud, eur weak -> pips till M5/M15 where we are sitting now on AJ, EJ, GU, AU actually pretty much everything.

You're right. But most movement has been in UJ and the Yen crosses beginning at 1700 NY time. This is something new.

Been reading 2nd hand reports for last hour or so, and subject of speech changed just before the drop -- of course it may have nothing at all to do w/Azumi -- but, still like to know.



=========================
Postscript: also possible I guess that I had a lot of company with my SL just below 2270 (2269) and they decided to have hamburger for dinner instead of bear.



News wires have nothing, and the BOJ website has no link to real time delivery at all.
  • #669,916
  • Jul 19, 2012 7:42pm Jul 19, 2012 7:42pm
Quoting loureed10
and smoke pot.
.
So true, Morocco is so close.
"Men who can both be right and sit tight are uncommon."
  • #669,917
  • Jul 19, 2012 7:44pm Jul 19, 2012 7:44pm
Quoting Mike8
So true, Morocco is so close.
Too damn close.
  • #669,918
  • Jul 19, 2012 7:45pm Jul 19, 2012 7:45pm
is the spanish bailout gonna bullish euro?
  • #669,919
  • Jul 19, 2012 7:58pm Jul 19, 2012 7:58pm
Quoting Mike8
LOL.

Keep in mind that the "non control" is the best control.

Is like anxiety more you try less you control. Acknowledging it should be sufficient. Just like in meditation, I suggest vipassana meditation.

lol , in this business non control only make broker happy :
Mohan
  • #669,920
  • Jul 19, 2012 8:01pm Jul 19, 2012 8:01pm
Quoting RWalker
You're right. But most movement has been in UJ and the Yen crosses beginning at 1800 NY time. This is something new.

Been reading 2nd hand reports for last hour or so, and subject of speech changed just before the drop -- of course it may have nothing at all to do w/Azumi -- but I'd still like to know.

News wires have nothing, and the BOJ website has no link to real time delivery at all.
Nope is not new, and is not only boj, both italy and spain are right now trying to legislate to remove the present regulation to release live financial reports.

I would suggest you start developing another method to interpret govt releases

I did long time ago, and I feel is better than watching bs politician babble on and on. But I need multiple screens for multiple charts, different combinations will tell you what them idiots is saying, forget trying to catch the initial reaction unless you want pay lots fees, I suggest develop you own method and take 1st trigger with grain of salt, 2nd trigger(pr) mmm, 3rd trigger mmm interesting, etc etc you will eventually be able to read most releases from you charts.

eg, interventions, forget them, they will always happen before you know, boj yen prs, snb swiss prs ecb euro, etc etc, find the order of revelance / reaction, they rarely happen together there is normally delays for following prs, this dependent on many things, eg trade relativity, debt relativity etc etc, eg boj, intervene, it will be obvious, and you will either catch it or get killed by it, so forget, now go to economies that are closely relative to the yen the most, watch thier reaction, ie excotics, havens, any close trading related economy, then go to secondary related economies, again watch reaction, can either get in a trade, or wait, for exhaustion, and reverse reactions, then can enter trade, (fade), after triggers start pinging
Merkel is different, need watch her big time, not for what she say, but more what she dosnt say
This is not a method, just some ideas to getted started, you need you own method, and keep study it, refine it, will be another good tool to help you

Bro the charts tells you everything you need to know, just need to develop the right ears:nerd:
If you are new to Forex? Say Goodbye to your account!!
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