Hmm. Both you and kitty coming back from vacation on same day.
- #46,222
- Aug 6, 2012 11:37am Aug 6, 2012 11:37am
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
i manage to redeem in my own eyes,over the weekend lot of introspection,took couple of high leverage trade on the long side made about 3% on my equity,and now feeling much better,feeling much more with the flow of the market.
the more important question is what did i learn from the recent loses.
1.undercapitalisation is the main killer,the reason is one want to make big money quickly which make u to be highly geared[levered]
2.never ever take a position against CB chief,and one need to liase thier position with them,when they publicly comment on thier position and people are laughing at him then take it very very seriously. this is something i realised long time ago but somehow mania is strong u carry away but the thing is not to repeat the same mistake again as usually when they pronunce it,it will 48 to 72 hrs before u see the real action and i think these moves are anywhere 500 to 1000 pips strong.i
3.this game is almost 99.99%psychological.in this regard as someone mention on the thread about delphi oracle and words written in gold a,KNOW THYSELF AND b,DONT DO ANYTHING IN EXCESS are very rapt and appropriate.
4.markets are like ocean,if u look from very far u see only calm water and the nearer u go to it,it become so much wild and much difficult to manage,hence longer one's time frame is,better the chances of one surviving as one has more clear view and can catch bigger wave properly.smaller time frames are loser game.ur broker is the only one who will be happy.
5.dont unduly impressed by anyone opinion.the forums are the best place to gauge the sentiments and which side the traders are biased and near turning points markets will become extremely one sided and be very very aware of that and when ppl start to make fun of big influential figure then know that market is very near the bottom or top.
6.central banks are all powerful and it is a myth that lemming and all the other participant can fight it[ oh yea by the way all these lemming and semi expert call themselves market,very proudly which is basically nothing but perception error on thier part].things happen for certain reason and their is always a force,a manipulation.central bankers are the markets and they have the resourses to bend it to thier aims.
and if people dont respond to this,then know that i am capable of doing a goferpipish act as well
the more important question is what did i learn from the recent loses.
1.undercapitalisation is the main killer,the reason is one want to make big money quickly which make u to be highly geared[levered]
2.never ever take a position against CB chief,and one need to liase thier position with them,when they publicly comment on thier position and people are laughing at him then take it very very seriously. this is something i realised long time ago but somehow mania is strong u carry away but the thing is not to repeat the same mistake again as usually when they pronunce it,it will 48 to 72 hrs before u see the real action and i think these moves are anywhere 500 to 1000 pips strong.i
3.this game is almost 99.99%psychological.in this regard as someone mention on the thread about delphi oracle and words written in gold a,KNOW THYSELF AND b,DONT DO ANYTHING IN EXCESS are very rapt and appropriate.
4.markets are like ocean,if u look from very far u see only calm water and the nearer u go to it,it become so much wild and much difficult to manage,hence longer one's time frame is,better the chances of one surviving as one has more clear view and can catch bigger wave properly.smaller time frames are loser game.ur broker is the only one who will be happy.
5.dont unduly impressed by anyone opinion.the forums are the best place to gauge the sentiments and which side the traders are biased and near turning points markets will become extremely one sided and be very very aware of that and when ppl start to make fun of big influential figure then know that market is very near the bottom or top.
6.central banks are all powerful and it is a myth that lemming and all the other participant can fight it[ oh yea by the way all these lemming and semi expert call themselves market,very proudly which is basically nothing but perception error on thier part].things happen for certain reason and their is always a force,a manipulation.central bankers are the markets and they have the resourses to bend it to thier aims.
and if people dont respond to this,then know that i am capable of doing a goferpipish act as well Allah has permitted trade and has forbidden interest [koran]
- #46,223
- Aug 6, 2012 11:39am Aug 6, 2012 11:39am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Okay so is this a double top pattern forming now, or just another pullback before it goes for the 1.2480/1.2505 overshoot?
Damn I wish I knew which it was. Unfortunately my crystal ball is broken. Hey I know... Let's ask Draghi.
E/U H4
ADD: Okay here the deal. Remember last week I said that SP500 has not hit 1400 yet? Well it just did. So, this should be the end of it. Psych barrier here. It would take a strong bull to close above this level. If it cannot manage to close above, I call E/U bearish for tomorrow.
SP500 H1
Damn I wish I knew which it was. Unfortunately my crystal ball is broken. Hey I know... Let's ask Draghi.
E/U H4
ADD: Okay here the deal. Remember last week I said that SP500 has not hit 1400 yet? Well it just did. So, this should be the end of it. Psych barrier here. It would take a strong bull to close above this level. If it cannot manage to close above, I call E/U bearish for tomorrow.
SP500 H1
Those who say it cannot be done should not interrupt those who are doing it
- #46,224
- Aug 6, 2012 11:49am Aug 6, 2012 11:49am
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
Okay so is this a double top pattern forming now, or just another pullback before it goes for the 1.2480/1.2505 overshoot?
Damn I wish I knew which it was. Unfortunately my crystal ball is broken. Hey I know... Let's ask Draghi.
E/U H4
Attachment
price is at 55 ema and it may capable of reaching 100 ema for a change and in extreme case 200 ema as well in an effort to close the gap at 1.3070 area.
Allah has permitted trade and has forbidden interest [koran]
- #46,225
- Aug 6, 2012 11:49am Aug 6, 2012 11:49am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
i manage to redeem in my own eyes,over the weekend lot of introspection,took couple of high leverage trade on the long side made about 3% on my equity,and now feeling much better,feeling much more with the flow of the market.
the more important question is what did i learn from the recent loses.
1.undercapitalisation is the main killer,the reason is one want to make big money quickly which make u to be highly geared[levered]
2.never ever take a position against CB chief,and one need to liase thier position with them,when they publicly comment...
Hey folks, it's time to go short. Doc has just gone long 
Just kidding Doc Well done on the recovery 
Those who say it cannot be done should not interrupt those who are doing it
- #46,226
- Aug 6, 2012 11:56am Aug 6, 2012 11:56am
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
u make me laugh so hard,it almost bring tears in my eyes.may God bless u .add:its not a complete financial recovery but more of a confidence in myself.
Allah has permitted trade and has forbidden interest [koran]
- #46,227
- Aug 6, 2012 12:01pm Aug 6, 2012 12:01pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
but draghi is already position himself in the trade on the long side,i think he said so and dont forget he is the cheif of ECB.i dont expect any different answer from him.
price is at 55 ema and it may capable of reaching 100 ema for a change and in extreme case 200 ema as well in an effort to close the gap at 1.3070 area.
Those who say it cannot be done should not interrupt those who are doing it
- #46,228
- Aug 6, 2012 12:03pm Aug 6, 2012 12:03pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
add:its not a complete financial recovery but more of a confidence in myself.
Those who say it cannot be done should not interrupt those who are doing it
- #46,229
- Aug 6, 2012 12:04pm Aug 6, 2012 12:04pm
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
Okay so is this a double top pattern forming now, or just another pullback before it goes for the 1.2480/1.2505 overshoot?
Damn I wish I knew which it was. Unfortunately my crystal ball is broken. Hey I know... Let's ask Draghi.
E/U H4
Attachment
ADD: Okay here the deal. Remember last week I said that SP500 has not hit 1400 yet? Well it just did. So, this should be the end of it. Psych barrier here. It would take a strong bull to close above this level. If it cannot manage...
- #46,230
- Aug 6, 2012 12:06pm Aug 6, 2012 12:06pm
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
Doc did say going against him produces a 90-95% success rate. Best trading system in the business. I'm all in. - #46,231
- Aug 6, 2012 12:08pm Aug 6, 2012 12:08pm
- | Joined Nov 2011 | Status: AL -a reVerse psyChology | 265 Posts
i manage to redeem in my own eyes,over the weekend lot of introspection,took couple of high leverage trade on the long side made about 3% on my equity,and now feeling much better,feeling much more with the flow of the market.
the more important question is what did i learn from the recent loses.
1.undercapitalisation is the main killer,the reason is one want to make big money quickly which make u to be highly geared[levered]
2.never ever take a position against CB chief,and one need to liase thier position with them,when they publicly comment...
I know you can do . I do not want to teach the fish how to swim. But just be careful either the 'waves' is up or down the jaws always waiting. God bless u and GL with green pips http://www.forexfactory.com/attachme...1&d=1342769052
- #46,232
- Aug 6, 2012 12:13pm Aug 6, 2012 12:13pm
- Joined Feb 2009 | Status: Trader | 25,867 Posts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
- #46,233
- Aug 6, 2012 12:14pm Aug 6, 2012 12:14pm
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
Allah has permitted trade and has forbidden interest [koran]
- #46,234
- Aug 6, 2012 12:19pm Aug 6, 2012 12:19pm
- | Joined Nov 2011 | Status: AL -a reVerse psyChology | 265 Posts
Okay so is this a double top pattern forming now, or just another pullback before it goes for the 1.2480/1.2505 overshoot?
Damn I wish I knew which it was. Unfortunately my crystal ball is broken. Hey I know... Let's ask Draghi.
E/U H4
Attachment
ADD: Okay here the deal. Remember last week I said that SP500 has not hit 1400 yet? Well it just did. So, this should be the end of it. Psych barrier here. It would take a strong bull to close above this level. If it cannot manage...
- #46,235
- Aug 6, 2012 12:21pm Aug 6, 2012 12:21pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #46,236
- Aug 6, 2012 12:21pm Aug 6, 2012 12:21pm
Okay so is this a double top pattern forming now, or just another pullback before it goes for the 1.2480/1.2505 overshoot?
Damn I wish I knew which it was. Unfortunately my crystal ball is broken. Hey I know... Let's ask Draghi.
E/U H4
Attachment
ADD: Okay here the deal. Remember last week I said that SP500 has not hit 1400 yet? Well it just did. So, this should be the end of it. Psych barrier here. It would take a strong bull to close above this level....
AM Signal Provider
- #46,237
- Aug 6, 2012 12:22pm Aug 6, 2012 12:22pm
- | Joined Nov 2011 | Status: AL -a reVerse psyChology | 265 Posts
hi everyone, well today was a wasted one. i should've gone to olympic stadium but our principle decided to go to casino lol.I have been scalping e/u and g/u and this was fun. DrZak it isnt all about having a massive bank roll when trading. My advice is if you think this way it is bad, as long as you have an edge you will succeed believe me, i trade with less than 500,000 (i am saying this as i have been hacked) and i make a living. do not be greedy, do not guess and be careful what information you listen to. Take care friend
Quite long time don't see yr post and yr chart. How's London .... GL to u
- #46,238
- Aug 6, 2012 12:25pm Aug 6, 2012 12:25pm
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
hi everyone, well today was a wasted one. i should've gone to olympic stadium but our principle decided to go to casino lol.I have been scalping e/u and g/u and this was fun. DrZak it isnt all about having a massive bank roll when trading. My advice is if you think this way it is bad, as long as you have an edge you will succeed believe me, i trade with less than 500,000 (i am saying this as i have been hacked) and i make a living. do not be greedy, do not guess and be careful what information you listen to. Take care friend
Allah has permitted trade and has forbidden interest [koran]
- #46,239
- Aug 6, 2012 12:28pm Aug 6, 2012 12:28pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
point taken bill,but my point was one's account should not be so small that the money one makes, while keeping oneself within the strict mm criteria, and the effort one put, that one is not satisfied with the outcome or reward.
Those who say it cannot be done should not interrupt those who are doing it
- #46,240
- Aug 6, 2012 12:30pm Aug 6, 2012 12:30pm
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
Does anybody know of a cure for I.Just.Woke.Up.From.A.Nap.And.Cannot.Shake.Off.The.Sleeps.Itis (Don't bother looking it up in any medical Encyclopedia)? I need one desperately.
http://www.itsmsquared.com/wp-conten...05/Yawning.jpg
Allah has permitted trade and has forbidden interest [koran]