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  • #1,024,581
  • Sep 6, 2015 9:15am Sep 6, 2015 9:15am
Quoting Rtm
{quote} you are implying forex is gambling? Why are you even here wasting your time with a bunch of gamblers? Prove us wrong
the risk of anything w/o a known result is a gamble. farmers do it, fisherman do it, shepherds do it. outcomes have odds.
those who can, do. those who cant, talk about those who can
  • #1,024,582
  • Sep 6, 2015 9:17am Sep 6, 2015 9:17am
Quoting Tom_D_Trader
You have "unknown" variables in every aspect of life, so we could say whole life is a gamble. Some parts of it have more unknown variables though. If you include easy cash (leverage), trading meets every aspect of gambling in casino. Many unknown variables, huge loan on click of the mouse and a counterpart for your bet. Lucky am pro gambler.
clerics dont like the word gamble, so we make it sound sophisticated like trader. one guy trades a goat for a sheep. both traders have unknown reasons. both want to get the better valued deal.
those who can, do. those who cant, talk about those who can
  • #1,024,583
  • Sep 6, 2015 9:21am Sep 6, 2015 9:21am
Quoting gatorinla
{quote} 1209/0964 mid
guys sorry bounce up or bounce down ?
  • #1,024,584
  • Sep 6, 2015 9:21am Sep 6, 2015 9:21am
Quoting Ken A
{quote} Without losses? Yes, don't use stop and not accepting losses for being wrong sitting on bad trades in praying mode for price to come back but days are numbered wiping out the whole account. Exception if you have unlimited resources.
demo
those who can, do. those who cant, talk about those who can
  • #1,024,585
  • Sep 6, 2015 9:24am Sep 6, 2015 9:24am
Quoting Ken A
{quote} That wasn't the same guy. 100% sure.
i delete
those who can, do. those who cant, talk about those who can
  • #1,024,586
  • Sep 6, 2015 9:34am Sep 6, 2015 9:34am
Quoting The Fool
{quote} The word is "lose". Something is loose when it's not tight. Your point is true. It takes time and money to become a competent gambler. The average fx trader runs out of money, then patience, then is gone after a brief, losing experiment with trading.
ding ding ding!

One can learn to trade or gamble, but it isn't cheap- and it certainly isn't fast.
  • #1,024,587
  • Sep 6, 2015 9:37am Sep 6, 2015 9:37am
Quoting Kribstreet
I do try once again anyone thinks the EU will go test the 1.17 again ?
If it is, we'll have a pretty good idea around 1.1460- whether or not it blows through, 1.1684 is more often than not a good low risk short, as it's the last spot to short before the high...and often a spot that bulls get their nuts cut off by bears.
  • #1,024,588
  • Sep 6, 2015 9:42am Sep 6, 2015 9:42am
I guess the answer was bounce up from 1.1124?

I hope we get another jump up over 1.15 in the next days and before the FED 9/17th decision .

Draghi didn't help the Eur at all but not sure such a strong dollar can sustain for so long and china might get into selling USD a lot.

In any case I have placed a safe sell under 1.1080 if we go through it I have all positions covered and I can wait up until we go up again

I have to say in my personal experience answering to the tread .

when I have had and placed stop I have lost a lot more then when I havent and have managed risked and just waited for it to come back , sometimes three months
but I am working my head around whats best . probably best to cover the position cash as much as possible going opposite and then get the gain from the first position . But you need to have a lot of control to accept it was a bad trade and you shall cover it as quick as possible .IMHO.
  • #1,024,589
  • Sep 6, 2015 9:43am Sep 6, 2015 9:43am
Quoting Kribstreet
{quote} guys sorry bounce up or bounce down ?
its not Friday anymore before lows,, it has since bounced. the milk spoils with a 90 pip bounce after. its less attractive 60 pips higher..
miss pips posted a chart Thursday or Wednesday. i still use 1453/0474 myself and its subs like 0964 and 1209... 1/2 way = 1086
those who can, do. those who cant, talk about those who can
  • #1,024,590
  • Sep 6, 2015 9:45am Sep 6, 2015 9:45am
Quoting gatorinla
{quote} its not Friday anymore before lows,, it has since bounced. the milk spoils with a 90 pip bounce after. its less attractive 60 pips higher.. miss pips posted a chart Thursday or Wednesday. i still use 1453/0474 myself and its subs like 0964 and 1209... 1/2 way = 1086
are you thinking it will keep falling down to the 1.08 level or bouncing back up to 1.1684 ?
  • #1,024,591
  • Sep 6, 2015 9:45am Sep 6, 2015 9:45am
You can have 20- five pip losses (with better leverage) for the same price as one 100 pip loss, with the access to the capital you wouldnt have @ 100 pip draw down.

More often than not you know when the trade has gone wrong well before you have to start managing it. When you're wrong you're wrong....why prolong and hope and second guess yourself
  • #1,024,592
  • Sep 6, 2015 9:46am Sep 6, 2015 9:46am
Quoting Pharm0r
{quote} If it is, we'll have a pretty good idea around 1.1460- whether or not it blows through, 1.1684 is more often than not a good low risk short, as it's the last spot to short before the high...and often a spot that bulls get their nuts cut off by bears.

You think we are going back up till 1.1684 min ?

  • #1,024,593
  • Sep 6, 2015 9:50am Sep 6, 2015 9:50am
Quoting Ken A
{quote} Same dick from 2010 leopards can't change its spot​​
sounds like a positive outcome situation. or pos for short, type of guy.
those who can, do. those who cant, talk about those who can
  • #1,024,594
  • Sep 6, 2015 9:52am Sep 6, 2015 9:52am
Quoting Pharm0r
You can have 20- five pip losses (with better leverage) for the same price as one 100 pip loss, with the access to the capital you wouldnt have @ 100 pip draw down. More often than not you know when the trade has gone wrong well before you have to start managing it. When you're wrong you're wrong....why prolong and hope and second guess yourself

I am just talking by my own experience , when I started on etoro at 400 leverage and beleive me guys in two days I doubled my investment but the third day out of ignorance stupidity and greed I lost all of the win and half my investment , at that time thouhg I had not watched the market for a year every day , I soon understood I needed another broker and I also though understood so many trades would have not been a loss If I only had waited , on etoro you can t free float they put you a stop .

now I have another broker and the strategy has worked out so far , now two weeks ago when the eu shot up I managed to close a veery bad trade I had done two months ago , and stupidly though I did other more stupid trade blowing my rules so now I am having to hold onto it until we go back around 1.15 min . I promised myself I ll take a break after that as now I won't be sleeping until we get there again ...... I am though still confident I can work it out and this year I have had a six months golden that recovered all I had lost for stupid margin call and internet not letting me put more.

Anyway as long as I get at least to 1.1331 I am in a lot less danger .
  • #1,024,595
  • Sep 6, 2015 9:55am Sep 6, 2015 9:55am
Quoting Kribstreet
{quote} are you thinking it will keep falling down to the 1.08 level or bouncing back up to 1.1684 ?
eventually 1.08 and less. but atm i am not short because things are muddy (china syndrome) and we were at a eu s/r and near ej major s/r..
those who can, do. those who cant, talk about those who can
  • #1,024,596
  • Sep 6, 2015 9:55am Sep 6, 2015 9:55am
and then I ll take off my hands this EU USD , is too much of a political game , I should have listened to my teacher .... don't trade the EU USD is too political and its right , one news fucks up all technical analysis in a sec, plus I am sure a lot of people knows this news before and they make shit loads of money in few min ....
  • #1,024,597
  • Sep 6, 2015 9:56am Sep 6, 2015 9:56am
Quoting gatorinla
{quote} the risk of anything w/o a known result is a gamble. farmers do it, fisherman do it, shepherds do it. outcomes have odds.
Yes but this is not gambling, sure it can be compared to things of the nature but a farmer isn't a gambler, there are fundamental aspects which influence the price of an exchange rate which determine the value of one currency price against another. Analyzing historical data to make decisions is not gambling. Trading is not gambing. Trading is Trading. End of story.
All posts are my personal opinion
  • #1,024,598
  • Sep 6, 2015 9:58am Sep 6, 2015 9:58am
Quoting gatorinla
{quote} eventually 1.08 and less. but atm i am not short because things are muddy and we were at a eu s/r and near ej major s/r..
I shall then probably sell before we get to 1.080 so I keep more margin and sleep ,

you think we are going to go back at 1.05 ?

ITs now been 6 months of resistance around here could it not bounce back up at least around 1.15 ?
  • #1,024,599
  • Sep 6, 2015 10:05am Sep 6, 2015 10:05am
Quoting Kribstreet
{quote} You think we are going back up till 1.1684 min ?
I have both a long and short running, I expect to be able to short the smaller norm @ 1.146x, if it doesnt work out I will, look to re short around 1.1684.

I expect to see 1.1050 or 1.0994 before we pass 1.1700

which means I'll lose this long

bbl gym time
  • #1,024,600
  • Sep 6, 2015 10:06am Sep 6, 2015 10:06am
Quoting Rtm
{quote} Yes but this is not gambling, sure it can be compared to things of the nature but a farmer isn't a gambler, there are fundamental aspects which influence the price of an exchange rate which determine the value of one currency price against another. Trading is not gambing. Trading is Trading. End of story.
sure if one ignores the definition of gambling. we can make it all sound pretty to our wife's and ministers. a carpenter goes to work for the day. he is paid for his work. they dont usually deduct the workers pay. if the house sells for less then the builder expected. the carpenters pay is mostly set at a wage, no mater what. a trader or the builder takes the risk/gamble.

of course the carpenter can fall and break a leg or die. that's his risk. its not a monetary risk/gamble like a trader or a builder.
those who can, do. those who cant, talk about those who can
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