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  • #925,121
  • Sep 18, 2014 9:40pm Sep 18, 2014 9:40pm
Quoting sanvulture
{quote} i would like to learn the answers to those questions too.. btw, just a doubt.. didnt u say sometime ago that chicky, gatorinla and another one account were all yours?
Ultimately all accounts will merge into one.


Did your teacher ever explained this picture to you?

http://cdn8.staztic.com/app/i/1979/1...-s-386x470.jpg
The Thief of Wall Street
  • #925,122
  • Sep 18, 2014 9:44pm Sep 18, 2014 9:44pm
Quoting Chicky
{quote} Ultimately all accounts will merge into one. Did your teacher ever explained this picture to you? {image}
My question to the teacher was: "If Hare never won, how could he take his win for granted? The word should be "speed" and not "win".
The Thief of Wall Street
  • #925,123
  • Sep 18, 2014 10:00pm Sep 18, 2014 10:00pm
Quoting Chicky
{quote} My question to the teacher was: "If Hare never won, how could he take his win for granted? The word should be "speed" and not "win".
well, yes. it was his speed he was overconfident about.. but thats not his mistake.. sleeping during the race was..
Dont trade like me..
  • #925,124
  • Sep 18, 2014 10:04pm Sep 18, 2014 10:04pm
Quoting sanvulture
{quote} well, yes. it was his speed he was overconfident about.. but thats not his mistake.. sleeping during the race was..
The recent research found that it wasn't rabbit's fault, in fact, he was trapped by a female rabbit while taking a power nap under that tree. It is not sure if that female was an agent of Tortoise or the rabbit was smart enough to prefer a quickie over a useless race. Researchers are still working on this theory. However, the trading related lesson you learn from this story is Abundance in Reproduction or Power of Compounding.
The Thief of Wall Street
  • #925,125
  • Sep 18, 2014 10:12pm Sep 18, 2014 10:12pm
Quoting Chicky
{quote} The recent research found that it wasn't rabbit's fault, in fact, he was trapped by a female rabbit while taking a power nap under that tree. It is not sure if that female was an agent of Tortoise or the rabbit was smart enough to prefer a quickie over a useless race. Researchers are still working on this theory. However, the trading related lesson you learn from this story is Abundance in Reproduction or Power of Compounding.
thx for the lesson..
Dont trade like me..
  • #925,126
  • Sep 18, 2014 10:19pm Sep 18, 2014 10:19pm
Quoting Chicky
{quote} The recent research found that it wasn't rabbit's fault, in fact, he was trapped by a female rabbit while taking a power nap under that tree. It is not sure if that female was an agent of Tortoise or the rabbit was smart enough to prefer a quickie over a useless race. Researchers are still working on this theory. However, the trading related lesson you learn from this story is Abundance in Reproduction or Power of Compounding.
if you could trade fx as well as you type on this thread you would be richer than George soros.
Don't speculate trade with surety.
  • #925,127
  • Sep 18, 2014 10:23pm Sep 18, 2014 10:23pm
Quoting Chicky
Shorting usd/jpy for 1,000 pips {image}
This attempt also failed, but got $2 (1/2%) from this failed attempt.

Waiting to again go short on usd/jpy for 1,000 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled1.jpg Size: 139 KB
The Thief of Wall Street
  • #925,128
  • Sep 18, 2014 10:25pm Sep 18, 2014 10:25pm
Quoting Chicky
{quote} This attempt also failed, but got my 2 cents from this failed attempt. Waiting to again go short on usd/jpy for 1,000 pips {image}
try getting 2 pips first on consistent basis, than you can dream on 1000 pips
Don't speculate trade with surety.
  • #925,129
  • Sep 18, 2014 10:30pm Sep 18, 2014 10:30pm
Quoting KingHussain
{quote} try getting 2 pips first on consistent basis, than you can dream on 1000 pips
What's wrong with getting 1,000 pips once, without even trying to get 2 pips, consistently or inconsistently?
The Thief of Wall Street
  • #925,130
  • Sep 18, 2014 10:33pm Sep 18, 2014 10:33pm
Quoting Chicky
{quote} This attempt also failed, but got $2 (1/2%) from this failed attempt. Waiting to again go short on usd/jpy for 1,000 pips {image}
Short u/j for 1,000 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled1.jpg Size: 63 KB
The Thief of Wall Street
  • #925,131
  • Sep 18, 2014 10:35pm Sep 18, 2014 10:35pm
Quoting Chicky
{quote} Short u/j for 1,000 pips. {image}
Aren't this pair are going 110 at least ?
are you scalping or straight target the reversal of ... 1000pips down ?
  • #925,132
  • Sep 18, 2014 10:36pm Sep 18, 2014 10:36pm
Quoting Chicky
{quote} Short u/j for 1,000 pips. {image}

After this?

http://www.forexfactory.com/news.php?do=news&id=504919
As the lights go by so too do the shadows move
  • #925,133
  • Sep 18, 2014 10:38pm Sep 18, 2014 10:38pm
Quoting Chicky
{quote} What's wrong with getting 1,000 pips once, without even trying to get 2 pips, consistently or inconsistently?
if you cant get 2 pips, how do you assume of getting 1000 pips?
Don't speculate trade with surety.
  • #925,134
  • Sep 18, 2014 10:47pm Sep 18, 2014 10:47pm
Quoting kewell
{quote} Aren't this pair are going 110 at least ? are you scalping or straight target the reversal of ... 1000pips down ?
Not always, but many times it gets closer to the level people wait for and then all of a sudden reversal starts .......... without touching well publicized target.
This is what happened with oil in 2007/8, it reversed from $147 without touching $150. It is very logical, many hold for a long time and do not want to give good portion of it on a bounce when pa hits the target. They start liquidating before target is reached.

Secondly, it is worth investing money on few tries, but using my bounce playing method, I try to get something on other pairs when my attempt fails. This is a new sub-account, about 1 month old, already enough realized profit to spend on this attempt.
The Thief of Wall Street
  • #925,135
  • Sep 18, 2014 10:48pm Sep 18, 2014 10:48pm
Great advice, considering to sell too @.@
Anyway, if the reversal comes, what is the fair value or price should it comes to ? 100?
  • #925,136
  • Sep 18, 2014 10:51pm Sep 18, 2014 10:51pm
Quoting KingHussain
{quote} if you cant get 2 pips, how do you assume of getting 1000 pips?
Because 2 pips is 100% of spread. For 1,000 pips, spread cost is ......................... who cares about the spread.
The Thief of Wall Street
  • #925,137
  • Sep 18, 2014 10:53pm Sep 18, 2014 10:53pm
Quoting Chicky
{quote} Because 2 pips is 100% of spread. For 1,000 pips, spread cost is ......................... who cares about the spread.
The USD are over strong atm. And soonest it should calm down and Drops right ?
  • #925,138
  • Sep 18, 2014 10:55pm Sep 18, 2014 10:55pm
Quoting kewell
Great advice, considering to sell too @.@ Anyway, if the reversal comes, what is the fair value or price should it comes to ? 100?
I don't know and will never know until it happens. I have 92/93, 87, 85 and 75. In the past, there were many BOJ interventions at certain levels, including 85. BOJ gave advance notice of its intentions for most of these interventions. It may go up to one of these levels.
The Thief of Wall Street
  • #925,139
  • Sep 18, 2014 11:01pm Sep 18, 2014 11:01pm
Quoting kewell
{quote} The USD are over strong atm. And soonest it should calm down and Drops right ?
I do not consider myself a very good trader, but indeed possess a lot of trading experience. Whatever I have learned tells me these two things:

1. It can go anywhere at anytime no matter what. It won't be wise to say if it will go up or down

2. Mega fundamentals do not change overnight. There are certain events that greatly affect pa, but mega fundamentals do not change in few days or few weeks. For example, it is impossible that Indian Rupee becomes world's reserve currency in ________ (fill in the blank and put time period of your choice). This is a Mega Fundamental an undeniable fact. If that undeniable fact is on your side, all you need is time to make the riches.
The Thief of Wall Street
  • #925,140
  • Sep 18, 2014 11:05pm Sep 18, 2014 11:05pm
Quoting Chicky
{quote} I don't know and will never know until it happens. I have 92/93, 87, 85 and 75. In the past, there were many BOJ interventions at certain levels, including 85. BOJ gave advance notice of its intentions for most of these interventions. It may go up to one of these levels.
Wow, to reach 92/93 it must take few months imo..
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