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  • #819,301
  • Jul 31, 2013 10:28am Jul 31, 2013 10:28am
Quoting Mr Hatch
{quote} don't trade if you don't know.
That is what I am saying. I do not like fortune tellers. Now I do not trade because I do not know how to manage this situation. I'm going jogging to the beach now and I will come back after the FOMC. That's it.
  • #819,302
  • Jul 31, 2013 10:30am Jul 31, 2013 10:30am
Quoting PIP.Scalper
what do u think about forex is it trading based on basis or 99% gambling?

to ask is to miss the point - regardless of which market - rather, in the context of your question - it should be asked: am I gambling?/am I a gambler?
  • #819,303
  • Jul 31, 2013 10:34am Jul 31, 2013 10:34am
Quoting chazzle
{quote} to ask is to miss the point - regardless of which market - rather, in the context of your question - it should be asked: am I gambling?/am I a gambler?
what are the qualifications?
  • #819,304
  • Jul 31, 2013 10:35am Jul 31, 2013 10:35am
I am looking at Gold price to understand the strong of US Dollars.
Gold price tell me sell all my Euros to buy US Dollars.

We may see a sudden drop to the 1.2950 end of this week.

GL
  • #819,305
  • Jul 31, 2013 10:36am Jul 31, 2013 10:36am
EURAUD on the roof top, needs correction.
Attached Image (click to enlarge)
Click to Enlarge Name: euraudh1.png Size: 22 KB
Intraday only.
  • #819,306
  • Jul 31, 2013 10:37am Jul 31, 2013 10:37am
Maybe other good quote of the day: What goes up, must come down
  • #819,307
  • Jul 31, 2013 10:38am Jul 31, 2013 10:38am
Quoting davidsayli
I am looking at Gold price to understand the strong of US Dollars. Gold price tell me sell all my Euros to buy US Dollars. We may see a sudden drop to the 1.2950 end of this week. GL
no 2750 mate?
  • #819,308
  • Jul 31, 2013 10:38am Jul 31, 2013 10:38am
Quoting PIP.Scalper
for those who have been here for too long what do u think about forex is it trading based on basis or 99% gambling?
The main problem to a longer term forex career is lack of capital. Most people see the possibility of making big money fast when they start to trade well, then they blow up from being over leveraged.
Gone to a better place
  • #819,309
  • Jul 31, 2013 10:39am Jul 31, 2013 10:39am
Quoting chazzle
{quote} to ask is to miss the point - regardless of which market - rather, in the context of your question - it should be asked: am I gambling?/am I a gambler?
I think its not us who gamble it is the market itself
trend trading is trendambling like now right?
  • #819,310
  • Jul 31, 2013 10:39am Jul 31, 2013 10:39am
So i wake up and see good news on the US data.

Price is restored though back to 3265?
Money never sleeps...
  • #819,311
  • Jul 31, 2013 10:39am Jul 31, 2013 10:39am
Quoting chazzle
{quote} to ask is to miss the point - regardless of which market - rather, in the context of your question - it should be asked: am I gambling?/am I a gambler?
Mr.C -

Very correct. The levels are set out well in advance. But even these can be broken in an instant for an additional 1000 pips. The key is low lot investment - building positions on extremes.

Bit by bit.

The road map is set.

Regards
  • #819,312
  • Jul 31, 2013 10:40am Jul 31, 2013 10:40am
Quoting pkimnyc
{quote} what are the qualifications?
none really, it's all about the accoutrements :

1. a cigarette holder - must be ebony
2. a fine and neatly trimmed moustache
3. some very strong hair wax
Attached Image
  • #819,313
  • Jul 31, 2013 10:40am Jul 31, 2013 10:40am
Quoting navk
EURAUD on the roof top, needs correction. {image}

needed it for a while but as yet no sign. might be looking for 1.50
Money never sleeps...
  • #819,314
  • Jul 31, 2013 10:42am Jul 31, 2013 10:42am
Quoting PIP.Scalper
{quote} I think its not us who gamble it is the market itself trend trading is trendambling like now right?
the market is made up of nothing else but you and me and a few thousand others ...
  • #819,315
  • Jul 31, 2013 10:45am Jul 31, 2013 10:45am
Quoting chazzle
{quote} the market is made up of nothing else but you and me and a few thousand others ...
bs. feds, cb, hf only. there is no you and me and few thousand others in the market.
  • #819,316
  • Jul 31, 2013 10:45am Jul 31, 2013 10:45am
Quoting TauTrader
{quote} Mr.C - Very correct. The levels are set out well in advance. But even these can be broken in an instant for an additional 1000 pips. The key is low lot investment - building positions on extremes. Bit by bit. The road map is set. Regards
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #819,317
  • Jul 31, 2013 10:45am Jul 31, 2013 10:45am
Quoting pkimnyc
{quote} no 2750 mate?
1.2750 is the target of next week.

GL
  • #819,318
  • Jul 31, 2013 10:46am Jul 31, 2013 10:46am
Quoting davidsayli
{quote} 1.2750 is the target of next week. GL
sure.
  • #819,319
  • Jul 31, 2013 10:47am Jul 31, 2013 10:47am
Quoting TauTrader
{quote} Mr.C - Very correct. The levels are set out well in advance. But even these can be broken in an instant for an additional 1000 pips. The key is low lot investment - building positions on extremes. Bit by bit. The road map is set. Regards
good to see you TT - don't think I've ever seen you post in this thread before -

well, if that happens - all those against it are screwed - sl or not
  • #819,320
  • Jul 31, 2013 10:47am Jul 31, 2013 10:47am
Quoting navk
EURAUD on the roof top, needs correction. {image}
aud have no sign of recovery , its loosing ground against all pair may be next week after rate on hold
Mohan
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