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Oktoberfest Nightclub

  • #3,361
  • Mar 28, 2014 9:35am Mar 28, 2014 9:35am
Quoting hadox
{quote} wow, very impressive Bear..
well nothing impressive about it hadox, it was just a job like any other
Don't be a hero. Don't have an ego. Always question yourself
  • #3,362
  • Mar 28, 2014 9:46am Mar 28, 2014 9:46am
Quoting USD-Bear
{quote} well nothing impressive about it hadox, it was just a job like any other
it's impressive to me.. I'm 26 and I've only dipped my toes into this business, so being around someone which has been in the business before I was born, is still pretty damn cool if you ask me.. I get your point though, but still..
Patience is a virtue...
  • #3,363
  • Mar 28, 2014 9:59am Mar 28, 2014 9:59am
Quoting Ken A
{quote} That sounds like to say Uncle Bear is old
... for me that's another impressive thing, with 26 I would never have been confident enough to try myself fulltime in this business. So: good to know there are people who after 40 years still like to do it, and people who, although quite young, have put in the time and energy to make it.
= Best job.
Fail better.
  • #3,364
  • Edited 10:33am Mar 28, 2014 10:17am | Edited 10:33am
Quoting LarryDarrell
{quote} ... for me that's another impressive thing, with 26 I would never have been confident enough to try myself fulltime in this business. So: good to know there are people who after 40 years still like to do it, and people who, although quite young, have put in the time and energy to make it. = Best job.
don't overestimate things guys, been in the leveraged business only since 2009 and I must confess the beginning was painful.
In fx you have to learn a lot about psychological stuff like what will the bastards do at certain levels, which technicals are relevant which aren't, the very restricted value of trading indicators, the use of countering and being a contrarian, restricting trades to those you love, so many fishes etc. etc.
Still I feel like every new trade is risky and could kill me. So it's never easy and never will be
Don't be a hero. Don't have an ego. Always question yourself
  • #3,365
  • Mar 28, 2014 10:19am Mar 28, 2014 10:19am
Quoting Ken A
{quote} No way. I am 17 and have full confidence
Yes, I know, and a girl, and trading from the Ukraine... How is the saying? 'On the internet, nobody knows you're a dog...' My biggest secret: my real name is not Larry.

One of your worst ideas this week was to post this Volksmusik track, so now I'm always thinking I should post one, too. And as soon as I crank up youtube, I get abdominal pains... alright, calling it a day. Thanks to all of you, it was a pleasure, have a nice weekend.

LD
Fail better.
  • #3,366
  • Mar 28, 2014 10:24am Mar 28, 2014 10:24am
Quoting LarryDarrell
{quote} Yes, I know, and a girl, and trading from the Ukraine... How is the saying? 'On the internet, nobody knows you're a dog...' My biggest secret: my real name is not Larry. One of your worst ideas this week was to post this Volksmusik track, so now I'm always thinking I should post one, too. And as soon as I crank up youtube, I get abdominal pains... alright, calling it a day. Thanks to all of you, it was a pleasure, have a nice weekend. LD


It's time for me to watch Flintstone

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  • #3,367
  • Mar 28, 2014 10:37am Mar 28, 2014 10:37am
Stock mkt will sell off once again. We are entering bear market of 20% decline till end of yr.
  • #3,368
  • Mar 28, 2014 10:42am Mar 28, 2014 10:42am
Quoting Ken A
{quote} That sounds like to say Uncle Bear is old
well, he's older than me, but not old..

Quoting LarryDarrell
{quote} ... for me that's another impressive thing, with 26 I would never have been confident enough to try myself fulltime in this business. So: good to know there are people who after 40 years still like to do it, and people who, although quite young, have put in the time and energy to make it. = Best job.
IMO it's easier to try things when you're "young", fewer obligations, less expenses etc..

I started with stocks 5 years ago while I had a fulltime job, got lucky, and then decided to quit my job and focus 110 % on trading.. the worst thing that could happen, was that my money would dissappear, and at that point it was a risk I was willing to take.. I got a desk at an office for traders where you could pay for "education", talk to other traders, trade your own account etc.. it was ok for a while, but decided to work alone instead, and it was the best decission I made.. lots of ups and downs in the beginning, mostly downs though, almost gave up a few times, but somehow I didn't, which still suprises me today.. btw I had some good savings and small expenses, which I still think is one of the most important things in the beginning..

anyway, here I am 5 years later, doing fine, but always room for improvement..
Patience is a virtue...
  • #3,369
  • Mar 28, 2014 10:45am Mar 28, 2014 10:45am
I'm 26 and have been getting obliterated but it's due to poor money management. Thankfully I make decent money playing poker so I'm able to continue. Going to do things right and get this down soon.
  • #3,370
  • Mar 28, 2014 11:01am Mar 28, 2014 11:01am
Quoting hadox
{quote} we didn't close above 5x, but we're still sitting at a bit of support in my books.. but the fact we didn't closed above 5x still helps the bears I guess.. it's friday so anything can happen, if we break the S, I'm watching 1.368x/4x, but don't know if it's going to happen though.. still waiting for cable to test 1.665x & waiting for the dax to test of 955x..
waiting to see where the euro close today, but the support seems to hold for now though..

got the test in cable and the dax, a daily rejection would make me look for weakness at that area next week..


enjoy the friggin weekend guys


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Patience is a virtue...
  • #3,371
  • Mar 28, 2014 11:15am Mar 28, 2014 11:15am
Selling UJ w tight stop should be good here IMO, if not we're probably going way higher

Hmmm selling AJ might be even better.... or NJ..
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  • #3,372
  • Mar 28, 2014 11:24am Mar 28, 2014 11:24am
Quoting Ck87
Selling UJ w tight stop should be good here IMO, if not we're probably going way higher {image}
might, but looking at PA around 103,50 before considering doing that
Don't be a hero. Don't have an ego. Always question yourself
  • #3,373
  • Mar 28, 2014 11:27am Mar 28, 2014 11:27am
Quoting USD-Bear
{quote} might, but looking at PA around 103,50 before considering doing that
Can't blame you, Japanese mkt still super strong and UJ showing nice strength... I'm more sure of US mkt weakness than anything else. Looks really dangerous. For the longs that is
  • #3,374
  • Mar 28, 2014 11:43am Mar 28, 2014 11:43am
Quoting USD-Bear
{quote} might, but looking at PA around 103,50 before considering doing that
Hi Bear,

Nice to see you around more.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,375
  • Mar 28, 2014 12:02pm Mar 28, 2014 12:02pm
Quoting Mr. Scott
{quote} Hi Bear, Nice to see you around more. {image}
Hi Scott,

yes that's about the picture I've got.
Nice quiet place here, without much ego-tripping
CFA I see nice, join us!
Don't be a hero. Don't have an ego. Always question yourself
  • #3,376
  • Mar 28, 2014 12:20pm Mar 28, 2014 12:20pm
Quoting USD-Bear
{quote} Hi Scott, yes that's about the picture I've got. Nice quiet place here, without much ego-tripping CFA I see nice, join us!
Thank you Bear. I do like Schickeria and his thread. Your posts and knowledge as well. I do check it out, just must admit I do have trouble working and posting often.

But I do like to share anything relevant to the discussion.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,377
  • Mar 28, 2014 1:21pm Mar 28, 2014 1:21pm
There goes the US mkt, definitely a bear market on the horizon.
  • #3,378
  • Mar 31, 2014 1:06am Mar 31, 2014 1:06am
Good morning.

I hope all of you had a nice weekend. Weather was great here, felt like summer (not filmed yesterday, but almost like it:
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) .

I read an interesting comment on the weekend regarding the german export surplus. Thomas Mayer, formerly chief economist of Deutsche Bank, says that the diagnosis is correct, but that the European Comission or the US ask for the wrong remedies. The reasons for the surplus are not to be found in lacking private consumption (or a too high savings rate, or too low government spending), but in lacking business investments due to the shift in the energy sector (in Germany).

http://www.faz.net/aktuell/wirtschaf...-12870085.html

Cost of energy is risinig fast here (roughly due to shift from nuclear power to renewables), and indeed there is kind of a trend of german industry to plan new plants abroad, for example the US. So, it looks as if the surplus is here to stay for the time being, for government cannot do very much about it (unless they change energy policy). And longer term the flight of the industry could be a major factor for the EZ.

SHORT THE EU... just kidding

This week could be slow in EU, GU till thursday/friday (ECB, NFP), some action prior maybe in Aud. No real plan yet, except buy the dips in Aud (but wait for 913 in AU, 51 in EA. Maybe try to place an EU long.

Thank you bear and hadox for sharing your experiences. When I started, I had a hard time figuring out if this business was real, or this forum was just populated by a lot of people buying into the same scam. Stories like these help a lot!
Fail better.
  • #3,379
  • Mar 31, 2014 2:28am Mar 31, 2014 2:28am
Good morning!

How about DAX shorting 9648,30 ???
  • #3,380
  • Mar 31, 2014 2:44am Mar 31, 2014 2:44am
morning,

short BUNDS running fine
long HKG33 running fine
Looking for a possible short UJ (scalp) around 103,50
Been waiting for a possible EU short (scalp) around 1,3780 but the area seems very protected
Hi Schikeria, nice to have you back, might be wrong but I don't think (apart from scalps) it's time to short stocks (yet)
Don't be a hero. Don't have an ego. Always question yourself
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