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10-20-04, 02:37 AM
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| Jaba, Don't really understand your strategy, what happened to the 7 pip spread ? What does "prospurus" mean - I don't understand. My prediction is that cable will go up to 1.9000, of course it may take a couple of years, and it may go down 40-50 times over the next year or 2 before it goes up but I bet I will be right in the end. If you have said you thought cable would go down after the news I suppose you would have claimed you were right that way as well. |
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10-20-04, 06:23 AM
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You make some very interesting comments, obviously from an insider's point of view. Have you seen "The Boiler Room"? I really enjoyed it and it appears that the movie could be fairly realistic. 2 questions regarding your comments above- 1. What do you mean by 'I can eat them alive'? I assume you refer to your sales job at FXCM? 2. What kind of 'system analysis' do you refer to and why don't you believe in it? Thanks.          |
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10-20-04, 06:51 AM
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| Let me explain, I am admitting that prior to the news release yesterday, my predictions were wrong, and I took only a minimal 7 pip loss as you all know. Well, obviously following the downturn, I repositioned myself in cable and bought in on the reversal and had a profitable day....... Yes, I understand what you are saying, but the odds were yesterday that their wouldn't have been a major upside reversal after the news yesterday did its toll on cable as quick as it did, even though it did happen....that's why I say I was right...... Have a great day trading...lol...I have made my pips this morning...lol....dont you just love making 45 pips while your asleep lol..... Jaba "The Great" |
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10-20-04, 07:01 AM
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 Daily comic show... Quote:
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10-20-04, 07:31 AM
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Relax, it's only pocket money Mick (the Greater) |
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10-20-04, 11:02 AM
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| Java_Is_My_Joy Quote:
Let me explain, It is time for a coffee break. This thread is going nowhere. |
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10-20-04, 11:52 AM
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 I think it's time to close this useless thread,, anyone aggree?? |
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10-20-04, 12:06 PM
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2, eat them alive. Come knock on my beautiful country porch back in the woods off the paved road. Try to sell my grandma some mutal funds or life insurance. If I am around, they ask me to come up and be the quiet guy, listen in on what there selling. I almost worked for a company called Primerica. They sell Mutual Funds. Preach the long term, yet sell loaded high expense funds. If they were honest they would sell no-loads and save you expenses. The most expensive life insurance in the world. Primerica is the old A.L. Williams and Citigroup bought it out. It is a MLM, or pyramid business. It is legal, but pyramid none the less. In the same fashion a used car salesman cannot tell anything to my dad, since he was an Old Dozer Mechanic, he can do every single thing to a car, everything. So when I go for buying a house or cars, dad is right beside me. All I have to do is relax, pay attention to what the broker is saying. If I find something just misleading and wrong, I politely start asking questions. I give them such a polite hard time, they realize, we do not need their services and gladly leave. I am not a genius. All the mechanics out there, all the construction workers out there, same thing in regards to your trade. If you know what your doing, no salesman can sale you unless you truly need their service and they prove confident in their abilities to get the job done for you. System analysis. I know easy language and how to apply it. I would consider myself still a beginner at it though. I sat beside a guy who was truly an expert and managed all the systems accounts. Everytime you found a system that work, the market started changing. If you were buying on support then banks or whoever started running through stops or started trending again. The market is too human. You can't have a computer just make money for you in the short term. Long Term, yes systems are great, but they should not be looked upon as easy money system. Human factors are the driving force. People play games in FX. Like use a 50 and 200 SMA on a daily chart. Then apply the Parabolic for trailing stop. That is basic, but would have made a killing, I mean killing the past 3 years. And that only takes about 20 lines of code. Last edited by PittsburghFX; 10-20-04 at 12:12 PM. |
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10-20-04, 01:32 PM
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| Close it please !! |
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