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  • #764,401
  • Feb 26, 2013 3:52pm Feb 26, 2013 3:52pm
Quoting Ken A
The bar is raised higher now for posting.


To post losing -500 pips per trade other than being banned and Vouch, replace the V with D

Well technically I would rather lock that someone consistently making -500pips/trade up in my basement. I would feed "it" well and listen to its investment advice...before taking the exact opposite trade every single time. Kind of like an indicator

So please, if someone like that comes along please give him 3-4 days so I can PM him before he gets hit with the ban hammer.
  • #764,402
  • Feb 26, 2013 3:54pm Feb 26, 2013 3:54pm
Quoting Pip Anon
Lol, yup. It's just hanging out. Took a scalp scalp at 119.35, looking for another 33 pips. Yen retreated later in the day again, so seeing if it will continue, or increase again. I wait too
yup was amazing the ammount of dickheads trying to long into support last night, no doubt got truckloads of pips.

ping pong is ok sometimes, it allows opportunity to build positions and pb to offset sl risk, I have completed position, as yet no green pips, but also no risk on table as of now, and yup Im the same and waiting I have one broker with a dailly close in 6 min so will see what she prints
If you are new to Forex? Say Goodbye to your account!!
  • #764,403
  • Feb 26, 2013 3:59pm Feb 26, 2013 3:59pm
As for that sequester thing...things are blown out of proportion a bit. Yes, it would negatively affect a ton of people, but the truth is, it's not even close to getting the debt issue fixed. I hate seeing people suffer, and it's even sadder if the "worst case scenario" isn't even going to fix things.

Even if the the worst case scenario happens, total savings amount to less than 10% of the annual deficit...yes, the annual deficit, not "total debt".

Here's some perspective:
Attached Image
  • #764,404
  • Feb 26, 2013 4:04pm Feb 26, 2013 4:04pm
Quoting KiwiTrada
yup was amazing the ammount of dickheads trying to long into support last night, no doubt got truckloads of pips.

ping pong is ok sometimes, it allows opportunity to build positions and pb to offset sl risk, I have completed position, as yet no green pips, but also no risk on table as of now, and yup Im the same and waiting I have one broker with a dailly close in 6 min so will see what she prints
Lol I know what you mean. Good time for reevaluation, targets, S/R, this and that. Until a close over 121.3 downside is more than likely more downside. Recent movements I find are just traders shaking off an oversold/bought condition
When the facts change I change my mind, what do you do sir
  • #764,405
  • Feb 26, 2013 4:07pm Feb 26, 2013 4:07pm
Quoting Pip Anon
Maybe not a rally, but dollar is looking a little tired
Goodmorning Pip...goodmorning everyone...!!!
Am looking for a long set up and enter at the right time...
If there is a right time...lol
  • #764,406
  • Feb 26, 2013 4:08pm Feb 26, 2013 4:08pm
Quoting 4exNinja
As for that sequester thing...things are blown out of proportion a bit. Yes, it would negatively affect a ton of people, but the truth is, it's not even close to getting the debt issue fixed. I hate seeing people suffer, and it's even sadder if the "worst case scenario" isn't even going to fix things.

Even if the the worst case scenario happens, total savings amount to less than 10% of the annual deficit...yes, the annual deficit, not "total debt".

Here's some perspective:
Right. The U.S. borrows $85B every 28 days, and they can't cut that? 1 month of borrowing? A sequester won't fix anything. A budget will. The only one's looking at is as a worse case scenario are those that love to charge on that U.S. Centurion AMEX card.
When the facts change I change my mind, what do you do sir
  • #764,407
  • Feb 26, 2013 4:10pm Feb 26, 2013 4:10pm
Quoting Pip Anon
Lol I know what you mean. Good time for reevaluation, targets, S/R, this and that. Until a close over 121.3 downside is more than likely more downside. Recent movements I find are just traders shaking off an oversold/bought condition
yup, shit virtually every pair printed daily doji, or very small body spinning top, could be more ping pong ahead, Im on the road for next 2 days, will just monitor on phone, will see what brit daily close prints

good trading wish many green pip from green pip god
If you are new to Forex? Say Goodbye to your account!!
  • #764,408
  • Feb 26, 2013 4:11pm Feb 26, 2013 4:11pm
H
Quoting Liza J
Goodmorning Pip...goodmorning everyone...!!!
Am looking for a long set up and enter at the right time...
If there is a right time...lol
Hi there Liza! Only time will tell lol. Even with positive US data and S&P increase EURO barley budged. Maybe Aussies or Tokyo can take is somewhere
When the facts change I change my mind, what do you do sir
  • #764,409
  • Feb 26, 2013 4:18pm Feb 26, 2013 4:18pm
Quoting Pip Anon
Right. The U.S. borrows $85B every 28 days, and they can't cut that? 1 month of borrowing? A sequester won't fix anything. A budget will. The only one's looking at is as a worse case scenario are those that love to charge on that U.S. Centurion AMEX card.
The budget won't ever get cut because a TON of industries rely on government spending...the defence industry, oil industry, automotive industry...and so on. Some spending is justified (like making sure everyone gets a proper education) but some really isn't (oil subsidies...wtf...why does the most profitable industry in the world need that?).

And those very industries pay off politicians who then represent THEIR INTERESTS instead of those of their people. Think about this for a second. Where do politicians get most of their money from? Follow the money and you know who they're really representing. And if you're working in a sector that relies on government spending you will do anything to keep that money flowing.

Politicians can be outright bought nowadays, it's bribery...they just give it different names like "Super PAC". Seriously, what's the difference between you bribing some random politician in Russia outright and you donating untraceable funds to some US politician through a PAC? The entire system is corrupted...and politicians are between a rock and a hard place. On one hand they can't do stuff that pisses off the people (cut medicare, etc) because they need the votes and on the other they can't cut defence spending or oil subsidies because the money will stop flowing.

In short: If you want that budget fixed you need to fix the entire damn system...which won't happen. What we get are "token fixes" like this sequester that is being sold as "omg horrible but it will fix the debt, we have to" when in reality NOTHING gets fixed.

It's the same nonsense as saying "omg, defence will suffer, they're cutting defence spending" when in reality all they're doing is cutting the growth rate.

Hate politicians, most are worthless idiots who are nothing but clothed prostitutes spreading their legs to the highest bidder. Just like prostitutes they pretend YOU are the most important thing in the world and oh so important...in reality, they can't wait to count how much money they made that day

PS: Of course an economic boom might solve the issue like under Clinton, but I very much doubt that'll happen anytime soon...sadly.
  • #764,410
  • Feb 26, 2013 4:21pm Feb 26, 2013 4:21pm
Quoting Pip Anon
H

Hi there Liza! Only time will tell lol. Even with positive US data and S&P increase EURO barley budged. Maybe Aussies or Tokyo can take is somewhere

If EU will not rise today some other day perhaps and I wanna be there when it happens...
Goodluck for all of us today...!!!
  • #764,411
  • Feb 26, 2013 4:24pm Feb 26, 2013 4:24pm
Quoting Liza J
If EU will not rise today some other day perhaps and I wanna be there when it happens...
Goodluck for all of us today...!!!
it will surely do - lol
goodluck and green pips ;-)
Pecunia non olet
  • #764,412
  • Feb 26, 2013 4:30pm Feb 26, 2013 4:30pm
Quoting wm-eu
it will surely do - lol
goodluck and green pips ;-)
Goodluck to you too WM...Green pips for all traders in the world,lol
  • #764,413
  • Feb 26, 2013 4:37pm Feb 26, 2013 4:37pm
Quoting 4exNinja
The budget won't ever get cut because a TON of industries rely on government spending...the defence industry, oil industry, automotive industry...and so on. Some spending is justified (like making sure everyone gets a proper education) but some really isn't (oil subsidies...wtf...why does the most profitable industry in the world need that?).

PS: Of course an economic boom might solve the issue like under Clinton, but I very much doubt that'll happen anytime soon...sadly.
Well I totally agree. System has been broken. Politics is the same basically anywhere. Many things do need government spending, and I am not a radical saying there should be none. But a study came out on the wasteful spending in government: $5M spent on study of goldfish interaction, IRS has a full-TV production studio that is $4M annually, and free cell phone program $2.2B in 2013. A drop in the bucket, but it adds up because there hounders of these programs. $115B just spent on improper federal payments.
When the facts change I change my mind, what do you do sir
  • #764,414
  • Feb 26, 2013 4:39pm Feb 26, 2013 4:39pm
Quoting KiwiTrada
yup, shit virtually every pair printed daily doji, or very small body spinning top, could be more ping pong ahead, Im on the road for next 2 days, will just monitor on phone, will see what brit daily close prints

good trading wish many green pip from green pip god
New daily pivot for EURJPY 120.11
When the facts change I change my mind, what do you do sir
  • #764,415
  • Feb 26, 2013 4:43pm Feb 26, 2013 4:43pm
Quoting Pip Anon
Well I totally agree. System has been broken. Politics is the same basically anywhere. Many things do need government spending, and I am not a radical saying there should be none. But a study came out on the wasteful spending in government: $5M spent on study of goldfish interaction, IRS has a full-TV production studio that is $4M annually, and free cell phone program $2.2B in 2013. A drop in the bucket, but it adds up because there hounders of these programs. $115B just spent on improper federal payments.
Huh? Free celfone program...? That's absurd...a total waste of budget I agree...(sorry if I interrupt...lol)
  • #764,416
  • Feb 26, 2013 4:46pm Feb 26, 2013 4:46pm
Quoting Liza J
Huh? Free celfone program...? That's absurd...a total waste of budget I agree...(sorry if I interrupt...lol)
No It's good to get outside opinions lol. Going around giving the needy free cell phones is silly. In this country, there is no need to strive to make a better living for yourself because the government will pay for your needs. You can get free or next to nothing housing, food stamps, free healthcare subsidized by taxpayer and a cell phone? Shit, what am I doing here going to college and working full-time?
When the facts change I change my mind, what do you do sir
  • #764,417
  • Feb 26, 2013 4:50pm Feb 26, 2013 4:50pm
Quoting 4exNinja
The budget won't ever get cut because a TON of industries rely on government spending...the defence industry, oil industry, automotive industry...and so on. Some spending is justified (like making sure everyone gets a proper education) but some really isn't (oil subsidies...wtf...why does the most profitable industry in the world need that?).

And those very industries pay off politicians who then represent THEIR INTERESTS instead of those of their people. Think about this for a second. Where do politicians get most of their money from? Follow...
Yeah. There can be no fix. All you can hope for is that there are as many countries as possible in the world and hopefully some of the bigger ones get split up in 100 different pieces. This way the more responsible countries with small governments get rewarded while the others collapse when their tax slaves flee or stop working.

You forgot to mention all the welfare and pension spending however: that's a bigger problem than anything you mentioned simply because a majority of people will simply refuse to do anything about it until the entire system implodes like in Greece.

It's no coincidence the renaissance started in the small Italian states: they could not afford bloated governments if they wanted to survive.
  • #764,418
  • Feb 26, 2013 4:50pm Feb 26, 2013 4:50pm
Quoting Pip Anon
No It's good to get outside opinions lol. Going around giving the needy free cell phones is silly. In this country, there is no need to strive to make a better living for yourself because the government will pay for your needs. You can get free or next to nothing housing, food stamps, free healthcare subsidized by taxpayer and a cell phone? Shit, what am I doing here going to college and working full-time?

If you give people everything they will get lazy...
They should work so that they can have respect for themselves...lol
Right...?
  • #764,419
  • Feb 26, 2013 4:54pm Feb 26, 2013 4:54pm
Quoting Pip Anon
No It's good to get outside opinions lol. Going around giving the needy free cell phones is silly. In this country, there is no need to strive to make a better living for yourself because the government will pay for your needs. You can get free or next to nothing housing, food stamps, free healthcare subsidized by taxpayer and a cell phone? Shit, what am I doing here going to college and working full-time?
You should stop studying and working then since all of the free stuff is sooooo awesome.
  • #764,420
  • Feb 26, 2013 4:59pm Feb 26, 2013 4:59pm
Quoting Pip Anon
No It's good to get outside opinions lol. Going around giving the needy free cell phones is silly. In this country, there is no need to strive to make a better living for yourself because the government will pay for your needs. You can get free or next to nothing housing, food stamps, free healthcare subsidized by taxpayer and a cell phone? Shit, what am I doing here going to college and working full-time?


i almost hate to ask this...but are you building up student loan debt?
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