seems we have reached the top for today...
now it's going to range between 1.24 and 1.2430 i think
now it's going to range between 1.24 and 1.2430 i think
- #676,161
- Aug 6, 2012 11:17am Aug 6, 2012 11:17am
- | Joined Jun 2012 | Status: Cogito ergo $um | 1,519 Posts
- #676,163
- Aug 6, 2012 11:19am Aug 6, 2012 11:19am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
lol, well - its only a matter of definition...
if u want call it exchange, than everything gets only exchange (ur work, at the shop, at mcdonalds, etc...)
just my 2 cents
- #676,164
- Aug 6, 2012 11:19am Aug 6, 2012 11:19am
Besides following my trading plan i should learn something else : to ignore what this forum post 
.
I lost a great profit opportunity at 1,2350 when entering long everybody was yelling to sell , and it was an obvious bullish momentum but decided to exit at 1,2380
.I lost a great profit opportunity at 1,2350 when entering long everybody was yelling to sell , and it was an obvious bullish momentum but decided to exit at 1,2380
- #676,167
- Aug 6, 2012 11:22am Aug 6, 2012 11:22am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #676,168
- Aug 6, 2012 11:24am Aug 6, 2012 11:24am
- | Joined Jun 2012 | Status: Cogito ergo $um | 1,519 Posts
- #676,170
- Aug 6, 2012 11:27am Aug 6, 2012 11:27am
Besides following my trading plan i should learn something else : to ignore what this forum post
I lost a great profit opportunity at 1,2350 when entering long everybody was yelling to sell , and it was an obvious bullish momentum but decided to exit at 1,2380
AKWARD
Life is beautiful the way you dress it.
- #676,172
- Aug 6, 2012 11:29am Aug 6, 2012 11:29am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #676,174
- Aug 6, 2012 11:30am Aug 6, 2012 11:30am
- Joined Jan 2011 | Status: Winning is my hobby! | 2,120 Posts
lol, well - its only a matter of definition...
if u want call it exchange, than everything gets only exchange (ur work, at the shop, at mcdonalds, etc...)
just my 2 cents
now you may find this post funny or will not understand it, but if stay long-term in fx like me for over 6 yrs now, u will get that point..
1. Forex = Forgein Currency exchange, we all know that! But it is not trading! Trading is the work, what we do, but market it selfs is an exchange. As i said, most of you think or beleive, that this is fight between traders or you against the banks!
Which is actually totally a wrong view! We all know, that FX have over 3 trillion daily turnover. It is NOT the trading turnover. It is the currency exchance which is everyone doing out there, like on airport by traveling another country etc... this all counts daily to forex turnover.
2. Banks do not trade or lose money. Banks are the Market ITSELF! So the view, that banks are trading with you or you are on the right side and going with the bank direction, is also actually a wrong view!
The Banks is the market and they will make money whether you win or lose on a trade. This happens because the banks make money from the pip spreads on the front end and are always in a hedged position when a currency transaction occurs.
3. The commercial and investment banks do not simply trade on behalf of their customers, but also trade in their own right through proprietary desks with the objective of realizing a profit for the bank.
Commercial and investment banks possess a unique knowledge of the marketplace and have the ability to monitor the activities of other participants such as the central banks and investment funds.
Enough for now.. If someone understand the difference, its good for his trading future, otherwise keep your view ...
- #676,175
- Aug 6, 2012 11:33am Aug 6, 2012 11:33am
Besides following my trading plan i should learn something else : to ignore what this forum post
I lost a great profit opportunity at 1,2350 when entering long everybody was yelling to sell , and it was an obvious bullish momentum but decided to exit at 1,2380
In here, people share their own personal opinions and reasons for trading. You can take it as reference but NOT as TRADING confirmation.
Hope you'll make
in future fx undertakings.
- #676,176
- Aug 6, 2012 11:34am Aug 6, 2012 11:34am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #676,177
- Aug 6, 2012 11:35am Aug 6, 2012 11:35am
You go too far , and i don't think that others see the same pattern , it is better when you have many others thinking the same
- #676,179
- Aug 6, 2012 11:36am Aug 6, 2012 11:36am
- | Membership Revoked | Joined Jul 2012 | 4,197 Posts
"It's the Margin, Stupid."
- #676,180
- Aug 6, 2012 11:36am Aug 6, 2012 11:36am
you newbees here will not understand that.. that only this world means lot for traders..
respect man.
Life is beautiful the way you dress it.