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Old 23-01-2007, 12:34   #24
Trader02
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Re: High Frequency Trading

Quote:
Originally Posted by Soul-Trader2004
Ahh, i see they have let you out for a few days again from the halfway house in glasgow have they

Yes!



so what the heck are you doing on a trading site? - you must be dumb dumb dumb !!

You forget, Chief, I've been in Forex for just about 1 year with active trading since May last year. There were only ebooks and crappy books available for me to study so fortunately for me I stumbled into this restroom. Sheer luck!

Who would have thought that one could find in one such place EVERYTHING one should definitely NOT do -- in one fell swoop, in one location!

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I wouldnt get out of bed for 50k per year but then millions do - by the way, how are things at the tesco warehouse these days?

I'm satisfied with 50-75K per year. Thoroughly satisfied! Retired at age 40 and living in paradise on one fourth the cost of my previous living for the same standard as in California.

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that's right - as you said a paragraph ago "you know this stuff does not work" - trendlines are bollox, moving averages as crosses are bollox - moving averages as dynamic resistance / support tho has merit. maybe the messiah would tell us all what would work - youve an open stage my lord, please continue .....

Elliottwave, Dow Theory, Patterns/formations, Cycles, Gann, etc., etc. know them all (not much of Gann though) -- but ALL get flogged by simple Trendlines in combination with Fibonacci Retracement/Extension/Expansion. Moving Averages ARE dynamic support and a visual tool.

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(before they take you back inside for the week) ---

yeah, that is purgatory, this is Lalaland.



ps - you said 'Dyin ain't much of a livin! ' too true - but then we all have 6 months to live - we just don't know when it starts. When my time comes i'd like the ferrari coffin rather than the degradable cardboard one please and trading means i will be able to afford it.

No wonder you trade the 1-min charts. I personally don't give a rat's a*s what coffin I'm buried in; but I do prefer Porsches.
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