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  • #16,001
  • Nov 25, 2012 1:18pm Nov 25, 2012 1:18pm
Quoting forexalien
Fracking Shale is becoming big buisness. Out west we have one of the largest oil shale deposits in North America.
This is an exiting news.
daddybearforex. com
  • #16,002
  • Nov 25, 2012 1:22pm Nov 25, 2012 1:22pm
Quoting DaddyBear
ProRealTime and NinjaTrader
Nice...we have a Ninja Daddy Bear in the house......I will have to check that platform out......
Attached Image
The More You Learn, The More You Earn.....
  • #16,003
  • Nov 25, 2012 2:00pm Nov 25, 2012 2:00pm
Current Rate: 526/586
daddybearforex. com
  • #16,004
  • Nov 25, 2012 2:01pm Nov 25, 2012 2:01pm
Quoting DaddyBear
"U.S. energy production has been booming in recent years. The International Energy Agency (http://www.iea.org/) made a jaw-dropping forecast two weeks ago that the U.S. would pass Saudi Arabia as the world's biggest oil producer by the end of this decade -- and would achieve near energy independence by the 2030s."

http://edition.cnn.com/2012/11/23/business/america-shale-gas-ferguson-stevens/index.html?hpt=ibu_c2

This is an old news. But, I'd like to post it after reading the commentary in CNN today. It is something...

Stuff like this should be, well how can I say it politely, given a wide berth...
  • #16,005
  • Nov 25, 2012 2:06pm Nov 25, 2012 2:06pm
Quoting Kissa
Stuff like this should be, well how can I say it politely, given a wide berth...
Can you make your point clear? Thanks.
daddybearforex. com
  • #16,006
  • Nov 25, 2012 2:28pm Nov 25, 2012 2:28pm
Quoting DaddyBear
Can you make your point clear? Thanks.
US can become world' s biggest oil producer in a decade says IEA

(http://www.guardian.co.uk/environment/2012/nov/12/us-biggest-oil-producer)Now you cant take something like the seriously.

If you did what does it imply?

As US it at peak production, does this imply that the rest of the world is going to run out of oil by 2017 and US will be the only one left with a any production or does it mean US will attack all the Arab countries and claim them US territory to fulfill the prophesy of being the worlds biggest oil producer.

Not going to bother trying to explain whats wrong with the headline other than simple math can prove BS as that wrong and some common sense is required reading propaganda.
  • #16,007
  • Nov 25, 2012 2:45pm Nov 25, 2012 2:45pm
Quoting Kissa
US can become world' s biggest oil producer in a decade says IEA

(http://www.guardian.co.uk/environment/2012/nov/12/us-biggest-oil-producer)Now you cant take something like the seriously.

If you did what does it imply?

As US it at peak production, does this imply that the rest of the world is going to run out of oil by 2017 and US will be the only one left with a any production or does it mean US will attack all the Arab countries and claim them US territory to fulfill the prophesy of being the worlds biggest oil producer.

Not...
What I understood was that the US will surpass Saudi Arabia and becomes the top oil producer. Obviously, OPEC countries will still export oil at that time and beyond.

My point was limited to the impact on the Aussie. When the USD becomes a commodity currency, it will be stronger than it is now.
daddybearforex. com
  • #16,008
  • Edited 3:50pm Nov 25, 2012 2:53pm | Edited 3:50pm
Quoting Kissa
US can become world' s biggest oil producer in a decade says IEA

(http://www.guardian.co.uk/environment/2012/nov/12/us-biggest-oil-producer)Now you cant take something like the seriously.

If you did what does it imply?

As US it at peak production, does this imply that the rest of the world is going to run out of oil by 2017 and US will be the only one left with a any production or does it mean US will attack all the Arab countries and claim them US territory to fulfill the prophesy of being the worlds biggest oil producer.

Not...
"or does it mean US will attack all the Arab countries and claim them US territory to fulfill the prophesy of being the worlds biggest oil producer."

This is not going to happen. The top oil producer status will be based on the domestic production only. I know Europeans see the US differently nowadays. They forgot the US had rescued Europe twice during last century.
daddybearforex. com
  • #16,009
  • Nov 25, 2012 3:02pm Nov 25, 2012 3:02pm
Current Rate: 1.0456
daddybearforex. com
  • #16,010
  • Nov 25, 2012 3:27pm Nov 25, 2012 3:27pm
Hi DB, I was reading about your experience with DVD... Some time ago I was trying to go through a turtles system as well as through some video on you tube. What they were saying was, anyone trading for long shall face something called losing streak... (which we all know) But even a system with 90% accuracy can have continuous 7 losses and a 95% noob abandon the system if he loses 3 times continuous.... I understand and am with you on all the other points you made on this subject, but the point I would like to make is perhaps you may need to give more no. of trials to the system to come to a conclusion. I also do what you advocate, build my own system with bits and pieces from many system which suits my personality... Really enjoy this thread, very healthy attitude/culture maintained...
  • #16,011
  • Nov 25, 2012 3:42pm Nov 25, 2012 3:42pm
Quoting Kissa
US can become world' s biggest oil producer in a decade says IEA

(http://www.guardian.co.uk/environment/2012/nov/12/us-biggest-oil-producer)Now you cant take something like the seriously.

If you did what does it imply?

As US it at peak production, does this imply that the rest of the world is going to run out of oil by 2017 and US will be the only one left with a any production or does it mean US will attack all the Arab countries and claim them US territory to fulfill the prophesy of being the worlds biggest oil producer.

Not...

You seem to forget about things like technology. If you say simple math can prove BS wrong, then why not use simple math to prove BS wrong? Should be simple, right?
Play the players, not the cards.
  • #16,012
  • Nov 25, 2012 3:48pm Nov 25, 2012 3:48pm
Quoting Pip Piper
[color=black][font=Verdana]Hi DB, I was reading about your experience with DVD... Some time ago I was trying to go through a turtles system as well as through some video on you tube. What they were saying was, anyone trading for long shall face something called losing streak... (which we all know) But even a system with 90% accuracy can have continuous 7 losses and a 95% noob abandon the system if he loses 3 times continuous.... I understand and am with you on all the other points you made on this subject, but the point I would like to make is perhaps...
The reasons I abandoned that system were multiple. First, if something is rotten, one bite is enough to cause big problem. Second, I reviewed the whole DVD from beginning to the end. There was nothing for me at all. Third, I wouldn't risk losing another $4,000 by trying two more times to see if it worked.

My point is that don't buy any DVDs with your hard earned money. Most of them are overpriced and useless at best. Those "experts" make windfalls from people seeking to be succeed in the Forex markets. They all tell people there is no Holy Grail but the fact is that they all enjoy the holy Grail provided by the people who believe them with their money.
daddybearforex. com
  • #16,013
  • Nov 25, 2012 3:59pm Nov 25, 2012 3:59pm
Quoting DaddyBear
The reasons I abandoned that system were multiple. First, if something is rotten, one bite is enough to cause big problem. Second, I reviewed the whole DVD from beginning to the end. There was nothing for me at all. Third, I wouldn't risk losing another $4,000 by trying two more times to see if it worked.

My point is that don't buy any DVDs with your hard earned money. Most of them are overpriced and useless at best. Those "experts" make windfalls from people seeking to be succeed in the Forex markets. They all tell people there is no Holy Grail...
So what is the best way to learn how to trade in the Forex markets? My view is buying good books and studying them until your butt is off. Also, exchange ideas in free forums with other traders with the same mindsets. I cannot say this forum is the best place to go but I monitor the activities frequently and try to make sure trouble makers cannot stay in this thread and cause harms to anyone here. This place is not a no man's land. It is well managed under DB & Co..
daddybearforex. com
  • #16,014
  • Nov 25, 2012 4:06pm Nov 25, 2012 4:06pm
Let the games begin ! Down on a tick chart it look to be a 2 pip gap down, but not sure......hehehe
The More You Learn, The More You Earn.....
  • #16,015
  • Nov 25, 2012 4:06pm Nov 25, 2012 4:06pm
The Sunday open poll has closed. Below is the tally of the results. basically, it was a gap down even only a few pips. This was a good test as to what direction the Aussie would go next. The majority picked the right side.
Attached Image (click to enlarge)
Click to Enlarge Name: POLL-112412-2.JPG Size: 56 KB
daddybearforex. com
  • #16,016
  • Nov 25, 2012 4:09pm Nov 25, 2012 4:09pm
Quoting DaddyBear
The Sunday open poll has closed. Below is the tally of the results. basically, it was a gap down even only a few pips. This was a good test as to what direction the Aussie would go next. The majority picked the right side.
I would call 2 pips = flat
The More You Learn, The More You Earn.....
  • #16,017
  • Nov 25, 2012 4:11pm Nov 25, 2012 4:11pm
Quoting DaddyBear
The Sunday open poll has closed. Below is the tally of the results. basically, it was a gap down even only a few pips. This was a good test as to what direction the Aussie would go next. The majority picked the right side.
If you did not pick the right side, don't be frustrated. Trying to figure out why you thought the other way. Read other side's views in this forum to understand how they were thinking. This is the best way to learn in the Forex markets. See you next weekend.
daddybearforex. com
  • #16,018
  • Nov 25, 2012 4:14pm Nov 25, 2012 4:14pm
Quoting forexalien
I would call 2 pips = flat
The point is not how many pips but the direction of the market's next move. After all, the only thing matters is the right direction.
daddybearforex. com
  • #16,019
  • Nov 25, 2012 4:19pm Nov 25, 2012 4:19pm
Quoting DaddyBear
The point is not how many pips but the direction of the market's next move. After all, the only thing matters is the right direction.
Here is DB's view regarding this matter.
Attached Image (click to enlarge)
Click to Enlarge Name: EA.JPG Size: 86 KB
daddybearforex. com
  • #16,020
  • Nov 25, 2012 4:31pm Nov 25, 2012 4:31pm
I hope all enjoyed the weekend.

Here is what I captured at open. It wasn't much of a gap and frankly there are no Sunday open gaps. Market is open to big boys over the weekend. Where it opens on Sunday from where it closed on Friday is what it is. When it comes to gaps, I am more interested in what happens during the rest of the week when I can trade.

Happy Trades,
fxstir
Attached Image (click to enlarge)
Click to Enlarge Name: 112512 eurusd gap down.gif Size: 12 KB
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