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Pound Trader Weekly Message

  • #41
  • Dec 7, 2012 4:43pm Dec 7, 2012 4:43pm
Forex Spreads: The only reliable way to make money in forex, which is why your broker charges you one!
  • #42
  • Dec 7, 2012 4:54pm Dec 7, 2012 4:54pm
There are 3 different types of traders who post on forums.

1. Those who don't know anything: approx. 10%

2. Those who know a little: approx. 10%

3. Those who don't realize they don't know anything: approx. 80%
  • #43
  • Dec 7, 2012 5:00pm Dec 7, 2012 5:00pm
Quoting Slim Buffett
I think Pivots and Patterns are the handsome brothers of FIB's

?
,,, only an illusion and wishfull thinking. Human beings love patterns. for every price bounce from support I can find you dozens that the price went right through.
  • #44
  • Dec 7, 2012 6:06pm Dec 7, 2012 6:06pm
Quoting Mingary
,,, only an illusion and wishfull thinking. Human beings love patterns. for every price bounce from support I can find you dozens that the price went right through.
What I see on a chart is not an illusion. Of course "Human beings love patterns" .... Spring, Summer, Fall, Winter, Dawn, Dusk, Full Moon, High Tide, Down, Up, In, Out... well you get the idea. Humans are accustomed to patterns. If you know Spring is near would you bet that it's turning Winter???

And.... "for every price bounce from support I can find you dozens that the price went right through.". Of course that's true. (and vice-verse). That's why you have a chart to watch. Much like the weatherman watches the radar/barometer to foresee coming weather patterns.

Regardless, I fall in this category...

"There are 3 different types of traders who post on forums.

1. Those who don't know anything: approx. 10%"

So pay no attention

Cheers
When the Joker is in the deck.. fear not and play it well
  • #45
  • Dec 8, 2012 10:46am Dec 8, 2012 10:46am
Always Bite The Hand That Feed You In Forex, forex has no love for you and you should have no love for forex, because once you go broke trading forex you can't ask the market for it back, so what every edge you have abuse it to the fulliest and make as much money as you can before she finds out your edge http://www.pic4ever.com/images/jealous.gif
  • #46
  • Dec 9, 2012 3:24am Dec 9, 2012 3:24am
always keep your edge a secrect, once you tell your never have that edge again.
  • #47
  • Dec 9, 2012 4:50am Dec 9, 2012 4:50am
Quoting PoundTrader
always keep your edge a secrect, once you tell your never have that edge again.
I definitely subscribe to this one here
So, you think you have rights? LOL
  • #48
  • Dec 9, 2012 5:00am Dec 9, 2012 5:00am
Quoting PoundTrader
So the markets are drawn to round numbers. do the markets usually reach the round number, or do they often stop just short of it?
Both. This is was messes with traders heads,
Come with me if you want to live....
  • #49
  • Dec 9, 2012 5:03am Dec 9, 2012 5:03am
Quoting PoundTrader
Always Bite The Hand That Feed You In Forex, forex has no love for you and you should have no love for forex, because once you go broke trading forex you can't ask the market for it back, so what every edge you have abuse it to the fulliest and make as much money as you can before she finds out your edge http://www.pic4ever.com/images/jealo...g?v=15.1">.gif
Come with me if you want to live....
  • #50
  • Dec 9, 2012 5:06am Dec 9, 2012 5:06am
Quoting PoundTrader
always keep your edge a secrect, once you tell your never have that edge again.
My broker knows my edge
Come with me if you want to live....
  • #51
  • Dec 9, 2012 8:19am Dec 9, 2012 8:19am
Quoting Ill-b-back
My broker knows my edge
  • #52
  • Dec 9, 2012 8:22am Dec 9, 2012 8:22am
most traders think forex is like this http://www.pic4ever.com/images/Vishenka_11.gif but once they get started it ends like this http://www.pic4ever.com/images/jealous.gif
  • #53
  • Dec 9, 2012 8:33am Dec 9, 2012 8:33am
Money will always be the root of all evil, this is why you should use it for your own wiked and evil ways
  • #54
  • Dec 9, 2012 8:39am Dec 9, 2012 8:39am
The market are an expensive place to look for excitement - like the brothel down the street from your house
  • #55
  • Dec 9, 2012 9:15am Dec 9, 2012 9:15am
( The FED ) Does not mean the FBI is comming to get you
  • #56
  • Dec 9, 2012 8:35pm Dec 9, 2012 8:35pm
A Fade Is Not A Haircut
  • #57
  • Dec 10, 2012 3:27pm Dec 10, 2012 3:27pm
The expert / guru's want you to believe that you should look at higher time frame to make money, don't believe that becuase it only benefit them
  • #58
  • Dec 10, 2012 9:06pm Dec 10, 2012 9:06pm
Quoting PoundTrader
The expert / guru's want you to believe that you should look at higher time frame to make money, don't believe that becuase it only benefit them
second that i started on higher and moved down to 1 and 5 minute

WENDIGO
  • #59
  • Dec 10, 2012 10:10pm Dec 10, 2012 10:10pm
Quoting wendigo
second that i started on higher and moved down to 1 and 5 minute

WENDIGO
  • #60
  • Dec 10, 2012 10:17pm Dec 10, 2012 10:17pm
My candle is bigger then your candle, the question is who got the bigger PIP http://www.easyfreesmileys.com/smile...mileys-950.gif
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