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  • #783,721
  • Apr 5, 2013 4:05pm Apr 5, 2013 4:05pm
Quoting EpsilonVaz
XE quoting 1.2922 at the moment.
I hope it'll stay there.
  • #783,722
  • Apr 5, 2013 5:27pm Apr 5, 2013 5:27pm
looking at lumber etc looks like market is topping here... good for usd
  • #783,723
  • Apr 5, 2013 5:28pm Apr 5, 2013 5:28pm
Quoting SugarPink
I am confident I will be rich somewhere next year or so. about 1 million is rich to me. And you know what they say. The 1st million is only the hardest one.
Probably not doing forex I can gaurantee you that. Any idea that you will make 1 million in any of your first 10 years is garbage worthy... unless your startup with more than $10 million.

Also the higher the stakes the more emotion and the more incentive for market to take your stops and test your emotion.
  • #783,724
  • Apr 5, 2013 5:40pm Apr 5, 2013 5:40pm
Well not really if you are dealing with millions or big numbers in daily life. The hardest part is to make beyond our capacity with limited resources.

The longer you are doing this, sense the value of money is fading and it's just numbers.
  • #783,725
  • Apr 5, 2013 5:46pm Apr 5, 2013 5:46pm
Quoting sidhujag
looking at lumber etc looks like market is topping here... good for usd
You also said Yen was topping yesterday
  • #783,726
  • Apr 5, 2013 5:48pm Apr 5, 2013 5:48pm
morning... enjoy your weekends
  • #783,727
  • Apr 5, 2013 7:56pm Apr 5, 2013 7:56pm
Speculative chart for those of you who may be interested..

To me, the yearly technicals still call for more consolidation and even a slight rally before another huge crash in the USDX.

My eye sees one more fall to 1.20 area which will leave us with plenty of room and enough consolidation (3 years) to make a run at 1.50/1.60 in 2014.

After this final run, the FED will stop inflating and we will go into a deflationary death spiral. This would coincide with the end of Obama's 2nd term and if it is finally the USDs turn to FINALLY have a serious deflation, then we will go 1.60 to Parity very very quickly. Possibly even 0.80.

Now, please tell me where I go wrong! Depression by deflation or inflation is the biggest question I have about the next major USD move. You would think that if a currency has been inflating for 100 straight years that it would have a deflationary episode eventually...... you would THINK!

When are the bankers going to rape everyone with the real 1930s depression? Or are we going to inflate to the point where we are using trillion dollar bank notes?? That is the real question here..

2008 was a joke in comparison and anyone with half a brain cell knows this. The currency supply hardly even contracted (and of course immediately made new highs after QE1) we just saw a stock market crash that was half the intensity of 1929 market crash, but no major currency contraction.

Thanks
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"Trade Small, Trade Often."
  • #783,728
  • Apr 5, 2013 8:29pm Apr 5, 2013 8:29pm
Quoting TheBeastFX
Speculative chart for those of you who may be interested.. To me, the yearly technicals still call for more consolidation and even a slight rally before another huge crash in the USDX. My eye sees one more fall to 1.20 area which will leave us with plenty of room and enough consolidation (3 years) to make a run at 1.50/1.60 in 2014. After this final run, the FED will stop inflating and we will go into a deflationary death spiral. This would coincide with the end of Obama's 2nd term and if it is finally the USDs turn to FINALLY have a serious deflation,...
You can't know what's going to happen that far out, especially on larger time frames where fundamental moves can shift everything suddenly. Unless you have a crystal ball, in which case please feel free to PM me I'm very much interested in purchasing....
  • #783,729
  • Apr 5, 2013 8:51pm Apr 5, 2013 8:51pm
Quoting Kanzler
You can't know what's going to happen that far out, especially on larger time frames where fundamental moves can shift everything suddenly. Unless you have a crystal ball, in which case please feel free to PM me I'm very much interested in purchasing....
Look at the second chart, you heathen! All hail the death cross!

edit: and by "heathen" I mean "infidel" of course
  • #783,730
  • Apr 5, 2013 8:55pm Apr 5, 2013 8:55pm
Quoting Myo
Look at the second chart, you heathen! All hail the death cross! edit: and by "heathen" I mean "infidel" of course
I think a lot of people get the idea of doing this from that video on Paul Tudor Jones. I still think 90% of the stuff in that film was utter garbage personally, although there are many who would defend him tooth and nail.
  • #783,731
  • Apr 5, 2013 9:01pm Apr 5, 2013 9:01pm
Quoting Kanzler
I think a lot of people get the idea of doing this from that video on Paul Tudor Jones. I still think 90% of the stuff in that film was utter garbage personally, although there are many who would defend him tooth and nail.
Worst thing is people claiming sheepishly that the film contained a scene in which PTJ correctly predicted the 1987 crash by using Elliott Waves / TA. Never happened. He was many months off. I like the scenes in the gym though. And the music. And how he shouts at his broker. And the suspenders. And how he trades currencies without a chart and f***s it up regardless.
  • #783,732
  • Apr 5, 2013 9:03pm Apr 5, 2013 9:03pm
Oh, and Beast, if the next years play out even remotely how you predicted in your chart I´m gonna have a copy of it tattooed on my ass and will upload proof.

Edit: You even drew little wicks on the candles. Neat! Love the commitment.
  • #783,733
  • Apr 5, 2013 9:04pm Apr 5, 2013 9:04pm
Here is a chart to 1970 to give a bit more perspective. It could definitely crash through 1.20 but I still see going to 1.20 again, not breaking, then going 1.50 and then back down to break 1.20

Just fun to speculate long term
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"Trade Small, Trade Often."
  • #783,734
  • Apr 5, 2013 9:14pm Apr 5, 2013 9:14pm
Quoting Myo
Worst thing is people claiming sheepishly that the film contained a scene in which PTJ correctly predicted the 1987 crash by using Elliott Waves / TA. Never happened. He was many months off. I like the scenes in the gym though. And the music. And how he shouts at his broker. And the suspenders. And how he trades currencies without a chart and f***s it up regardless.
Hey I can at least say it was mildly entertaining. Screaming, shouting, even some bitch boys who've gone broke a couple of times and thought it was normal - risk it all and have a buddy bail you out. In all fairness I'm sure the guy must have done something right as he's now a billionaire but I seriously doubt it's in his video.

Quoting TheBeastFX
Here is a chart to 1970 to give a bit more perspective. It could definitely crash through 1.20 but I still see going to 1.20 again, not breaking, then going 1.50 and then back down to break 1.20 Just fun to speculate long term {image}
I could pick out from a number of time frame combinations approaching infinity to find something that "looks" like what's going on today. And from that point, there are an equally large number of outcomes from those "similar" situations, which gets you right back to square one. None of that old junk has any practical predictive power as to what's going to happen tomorrow, next month or next year.

  • #783,735
  • Apr 5, 2013 9:17pm Apr 5, 2013 9:17pm
Quoting Kanzler
I could pick out from a number of time frame combinations approaching infinity to find something that "looks" like what's going on today. And from that point, there are an equally large number of outcomes from those "similar" situations, which gets you right back to square one. None of that old junk has any practical predictive power as to what's going to happen tomorrow, next month or next year.
Man, you just went full nihilist!
  • #783,736
  • Apr 5, 2013 9:19pm Apr 5, 2013 9:19pm
Quoting 4exNinja
I tried a ton of different programs today because I'm ill and on meds (and I don't trade under the influence of stuff). Crossover never really worked well for me and installing EAs and extra indicators wasn't easy. Bootcamp is a pain, and Parallels a massive resource hog. Wine's ok, but a bit of a pain to set up. By far the best option is Macwrapper: LINK Simply launch this, chose your MT4 (or MT5) installation file and install it as if you were in Windows. Once it's all done you can rename the...
4exNinja, I wanted to thank you again for this. I downloaded and it's working like a charm.

Mac users like myself are all giggly

Cheers!

JW
Not all sins are created equal
  • #783,737
  • Apr 5, 2013 9:31pm Apr 5, 2013 9:31pm
Quoting Qatari man
Good luck guys ,, see u monday inshallah
Whether your comments were true or not, you're my new hero. I underestimated how much risk I could take. (On second thought, yeah, that was very risky.)
  • #783,738
  • Apr 5, 2013 9:40pm Apr 5, 2013 9:40pm
Liars are heros.

Reading that kind of stuff makes me sick.


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Not all sins are created equal
  • #783,739
  • Apr 5, 2013 9:48pm Apr 5, 2013 9:48pm
Quoting Kanzler
Because I want to get rich and do whatever I want. Duh. Edit: Oops, I mean, I want to make the world a better place and redistribute my wealth for those less fortunate.

If you could choose between world peace and being a billionaire? What color would your Ferrari be?
Money never sleeps...
  • #783,740
  • Apr 5, 2013 9:58pm Apr 5, 2013 9:58pm
Quoting inpatient
If you could choose between world peace and being a billionaire? What color would your Ferrari be?
BLUE
Everything in the world has its own rhytms
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