Helloo Fellow Traders,
Hope you all had a wonderfull weekend...
For some time, I've been on meditative break in order to step back from the picture and look
ahead...What I saw wasnt certain...
http://www.telegraph.co.uk/news/worl...rack-Obama-too tired-to-give-proper-welcome-to-Gordon-Brown.html
http://www.telegraph.co.uk/news/news...n-rapport.html
http://www.telegraph.co.uk/news/news...ashington.html
http://www.telegraph.co.uk/news/worl...h-America.html
http://www.telegraph.co.uk/news/news...recession.html
How will these events affect the GBPUSD and its continous downward price movement? hOW DOES
THAT AFFECT THE GLOBAL RECESSIONARY ECONOMIES? Only time will tell...
We need to understand that going into political history would only dig us into deeper
hole..subtle fencing matches doesnt do humanity any good, especially most in the Balkans,
Isreal, Palestinians, China,Japan, Iran,Iraq,Germany, France,Russia,Sudan,
Somalia,Zimbabwe,and so on..Great statesmen put the interest of humanity in the forefront...To whose
gain if we blow up the world in this generation in spite of love and peace?
When money, as an exchange of value, is allowed to be economic leakages via negative
destructive means, it brings about destructive results...but when it is harnessed for
constructive means and purposes, it brings constructive and positive results.
The global recession can be overcome by improving and improvisation via constructive
means..That might reduce the distortion and inversion of the human race...
Citation:
Quote from Reaver:
Greenland-
If bull**** was a bra, you'd be top heavy. S******* piece of s***.
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Nice of you to drop in,Reefer..I mean,Beaver..didnt know tradeviper was calling his
bullyboys over to this thread..maybe you could do us a good turn by trying to write just one
verse without a curse..your comment makes an xrated movie sound like a sunday school picnic
Avishek Roy (Harry Ainlay Senior High) wrote:
hi im a new trader, and i read ur stuff...great job! i was wondering if i could get in on
this chat that you guys do...and what time do u trade? i was told the london open was a good
time to start
Thanks for your mail,Avishek..nice to hear you guys are enjoying my thread on
Facebook..London Session is usually the time we trade daily..The chat is subscription based
where active and serious traders earn and learn at the same time..
how do i get ur chart pattern
Citation:
Posté par kento
I saw ur posts so i am interested in the chart how do i get it. Secondly
i am new to forex but God in his infinite mercy directed me here and i know this may be the
miracle i need.
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Hi Kento,we give All glory to God Almighty for everything as we are just His instruments.
But I'm not sure I understand what you meant by getting 'chart pattern', since these charts
posted are based on daily trades during market sessions. If you meant how you can get the
system, it is not a mechanical system where you send to an email box or something..It is
more of a simple discretionary system that is thoroughly explained from mentor to
student(s)..Seasoned traders, the liberal ones at that, might just go through charts and
'get it'..but the risk is that the edge tend to get faded out in time, if too much details
are written out on public forums.So there must be a balance..
You also have to understand that the miracle you need is inside of YOU..You have to be AWARE
that the FORCE is in you..not outside of you..My mission is not just about forex training,
forex signals and forex managed account services..but it is more of helping others discover
and being AWARE of our inherent possibilities. I'm aware of myself here and trying to let
others know that they can still do better than me if they have the proper mindset and
dedication to getting to the next level in trading or whatever they set their minds to. Rome
wasnt built in a day..
Citation:
Quote from oraclewizard77:
forexgreenland,
Do you actually watch the trade all the time until you are out?
Do you put in hard stops and targets? I would think if the broker sees the stop especially
on large account size, they will just spike the market down to take out your stop.
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Hi oraclewizard, it is nice to see that Elite trader have at least one positive comment on
this thread..from your question, it seems you are averse to watching trades until you are
out..It all depends on your style of trading and the times we are in..For intraday and
momentum trading, it pays to watch your trades due to incoming high impact news that might
affect market dynamics..
You can still put in your stops and targets, go play golf, and be back to see your equity
increase by some good percentage.But you have to get to a particular SKILL LEVEL in order to
achieve that.Markets tend to be on a range/accumulation phase 80% of the time, while
breakouts are usually seen 20% of the time. This type of market tends to keep newbies out
because they come looking for short term quick buck. By the time the rookie traders come to
the market, the move has probably expired.This type of market is for the PATIENT trader that
knows what is going on and can wait out long periods of boredom like a panther measuring its
prey.
Do you think top traders like George Soros, Paul Rotter,etc, get bothered about the time it
takes to haul in substantial profits from the markets? It all comes at a price, in which,
80% of traders are not ready and willing to pay, and thats a major reason they fail.''aww,
cant wake up in the early morning for good trades'',..''need set and forget system while am
in tahiti sipping margaritas and pina coladas'',my blood pressure's too high to be running
around like a chicken without a head'', ''..etc..
Swing trading and position trading is more better for those traders that cant find the
patience to watch their trades for profitable returns.
Depending on your account size, stops are normally fixed at major support and resistance
areas..some traders use the Average True Range(ATR) to determine their stops, which is also
part of good risk management.
There are honest brokers and there are dishonest brokers..the dishonest bucketshops are the
ones giving the trading industry a bad name in which they aggressively advertise to the
public..Its not limited to forex alone though...we got bad eggs in the stock markets too,
where Nightmare On Wall Street is having its sequel..online..real estate..toxic bonds in the
Phantom of Solace,..even the few bad eggs in Nigeria,419, tend to spoil the good names of
majority of the hardworking populace who are trying to make a honest living..
[url=http://finance.yahoo.com/news/Job-losses-stack-up-as-apf-14011483.html[/url]
So its a worldwide phenomenon..until the bucketshops, Wall Street, fake HYIPs,fraudsters
come to realize that their negative actions tend to affect ALL humanity in one way or the
other, we would still be having all sorts of minor and major recessions..Their get quick
rich materialistic tendencies, at all costs, would also get back to them in the long run
since we are all one..
[url=http://www.thestreet.com/_yahoo/newsanalysis/banking/10456887.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA[/URL]
P.S..You might consider ECNs....they are likely to be more honest and rarely consider
spiking the markets to their 'best interests' since they make their money mainly from
spreads/commissions.