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EXCELLENT analogy Ernie. Thank you very much for the reminder.
Do you still own IEDU?
Cosmo
People try to discredit spokeshave. I even received a private message trying to convince me that he could potentially be a paid basher from...get this...IKANOS.
Spoke has ALWAYS provided factual proof to back his statements. It's the folks that try to discredit that continually fail to backup their claims.
Sorry Dr.Sean. You're strictly short term. What I meant was long term...going for the reversal for several hundred pips and trying to call the very top of the longer term trend. You seem to be doing quite well scalping. Again...sorry for the confusion. I did not mean short term shorts were dumb money at all.
Good for you, my friend. Some folks use fundamentals to determine what a currency will do longer term. They then use technicals to time and confirm entry points, and also to help determine potential points of exit.
In my opinion, utilizing both fundamentals and technicals can be a nice, healthy appoach to the market.
I believe you'll do quite well. You seem to have a nice grasp on what it takes. As for me...the psychology and discipline of trading is the most difficult part to learn once the mechanics are down pat.
Good luck.
The dollar broke support at 84. Next stop is 80. It's in a freakin' freefall right now with nothing really to stop it. With the euro trending again, it's time to make some hay. In my opinion, 3650 is a given and we'll likely be there quicker than you can shake a stick. Dumb money is shorting the pair now.
Dr. Despot
What's your read on the euro?
This is a long term trend type trade for me. The fact that we busted through the 2974 resistance level is a VERY bullish sign in my opinion. I believe we'll march right back to 3124 short term...with 3479 the next stop and 3666 the ultimate target.
We'll likely have pullbacks etc. However, we've just broken through a significant level of resistance. This is a fundamentally based technical trade based on my semi-conservative style.
What are your thoughts?
Allrighty folks...entered long the euro on a limit order at 3010 on the breakout. We finally received confirmation. Let's enjoy the ride.
Mister lava
For a young man, you've certainly displayed a lot of class. It's not easy bucking up like you did. As far as I'm concerned, it never happened.
I'm no expert in the forex either. In fact, my weak point is the fundamental factors that drive the market. You seem to have a decent command of some of those factors. Looking forward to learning a thing or two.
You'll find a LOT of good personalities here. Welcome to the board.
I've already made my bank, brother. I do six figures per month NOW.
That being said, money is NOTHING. I went through quite a bit of difficulty and struggle to come to the point where I don't have a death clutch on my assets. If I'm not able to experience happiness and joy in life with my family and friends...and if I'm not willing to give up all material possessions to retain that happiness...then I'll be miserable.
To me, the journey to millionaire was a highly rewarding road to more than just a few million dollars. It's about enjoying the trip.
When you get yourself all worked up over my total screw up in my post...it tells me that you're not enjoying the journey. You may acheive millionaire status as it relates to money.
However, a true millionaire is much more than seven figures in the bank. It's a complete mindset.
I'll let you know upfront that while I'm pretty secure both from a financial AND relationship/life/happiness standpoint, I'm not a perfect man. Nor will I ever become such in this life.
However, you're a straight up asshole and I plan to call you down on it when your asshole-like qualities begin to show. If you don't like that, then try to get along better with others.
As for me, I plan on trying to learn a life's lesson here in dealing with someone that is just plain difficult.
By the way...I never claimed to be conservative. You don't get to the point I'm at by age 34 without a willingness to take on some risk. However, I'm just smarter about it than most. And just for the record, I'm willing to assist anyone who wants to learn how to do it. making a million dollars a year is a hell of a lot easier than $50k per year whether you want to believe that or not.
Would you like to call a truce? I'm willing to back completely off and leave you alone if you're willing to be a little nicer.
Let me rephrase...
You ruined the board for ME. I just don't like your way of running all over folks, dude.
Your silly little game of asking the board if you should stay or go is unwarranted.
You stay here and play. Just know that you're not the only one that can speak bluntly. And I'm sorry if you can't handle it when I do the same to you. You should expect it though if you're going to dish it out.
You come onto this board...you have a filthy mouth, you berate people from the get go, and you seem to have something to prove.
As for me personally, I don't care much for it.
As for profit and loss statements...I guess if you peg your self esteem to your money, then go ahead and post away.
It's funny how you got bent out of shape because of my post. I simply posted EXACTLY the same thing you posted earlier about someone else except I changed the word to idiot from your chosen, more vulgar word.
As for being a better trader, I could care less, dude. I invest in futures, equities, and forex...along with some hard money lending, and other very conservative investments.
To sum it up...you came into this forum with the apparent intent of making yourself look good without having anything whatsoever to back it up. Anyone who toots their own horn as much as you obviously has some self esteem issues. It's people like you that really become annoying.
So here you are, tooting your own horn once again about your miraculous recommendation to go long the euro at 2500. For we professionals, we know that the correct way to trade is to take the higher probability trades. Support means higher probability...not sure thing. And consistently going that route while only risking a dollar for every three or four you stand to gain is a viable way to trade.
However, you began this argument in a post you made to me regarding my trading style by saying my style was stupid...and that I should change what I'm doing so that I could go from "zero to hero" and actually start making money.
I tried ignoring that arrogant statement. However, the fact that you insist on blowing your own horn, while at the same time you bash other market professionals by calling them a "dumbass" only serves to show your own insecurity. Whether that insecurity comes from getting beat up on in school...or from basically being a loser in life...I'm not sure.
As for being too embarassed to post here under my current name...dude...if you only knew how idiotic it sounds for you to roll in here with your obvious self aggrandizement, you'd be embarassed yourself.
In my opinion, you've ruined this board. You're doing a hostile takeover to serve your own need to be number 1 in the eyes of some. I've been very very laid back up to this point. As for now, your big head takes up way too much space here. I don't need to post about how great I am so I'll leave that to you.
Best of luck with your new board here, Adolph.
Calling one good trade doesn't make you an expert. Any idiot could have told folks to go long at the bottom of the channel.
Perhaps this will be the catalyst.
I'm curious to know...you're obviously a long term trend investor. However, you've also alluded to short term swing trading as well. Do you trade multiple styles?
I disagree. It's more than 90%. In fact, Brad and Ray have been 100% successful in their plans.
Fleecin over $60 million up to this point from investors can hardly be considered only 90% successful. Please give credit where credit is due.
If there is a catalyst that pushes it through 2974 or so, the next stop is 3124. Then 3477 and 3666. The article on large traders taking advantage of market illiquidity over the holidays was VERY interesting. It does tend to slant the bias upwards even more. We'll see if that's enough to push it through.
This range we've been in has been sickening. Let's hope this BLOWS through 3000 TONIGHT.
Of course...with you going long, that may be the only indicator we need to go short instead. :)
Yes. I misspoke.
You're right. On those two, they're reverse correlated so what you said applies.
It's a strategy that I though of a few weeks ago and have yet to do any type of testing. It's also likely a strategy that would work well in more of a sideways market.
As for the eur/usd...breaking above 2975 will take a definite catalyst in my opinion. While the ECB talks a big talk when it comes to interest rates, they have absolutely ZERO credibility in the currency market due to past action/inaction.
I will totally agree with you that the dollar has nothing going for it right now. However, I'm still not convinced the pair will break above the significant resistance at 2974 unless europe actually raises those interest rates which from past experience, that move is definitely in question.
Hey Cap. Here's something to consider. Look for pairs that are very highly reverse correlated. An example would be the eur/usd and usd/chf. Go long on one and short the other. The reverse correlation should offset pip gains/losses and you simply collect the interest.
Something to take into account is the difference in pip values. You'll need to figure the calculations on how many lots to get on one versus the other to offset the difference in the pip values.
Also, if you're willing to take on more risk by getting into pairs that have slightly less correlation, you can collect more interest.
Just a thought.
Hey spark. It's not about being right or wrong. In fact, I'm open to his strategies. My point is that if you're going to talk the talk, then be willing to walk the walk rather than talking smack about a bunch of past, totally unverifiable successes.
I do agree with you on one point, though. The whole anger thing is a waste of time. My apologies to the board.
People like you are a dime a dozen. You come onto a message board and make all kinds of claims about your trading greatness. How about some accurate forecasting with some stop losses like we professionals. ANYONE can say something is going up...wait a week or so...and it will likely go up.
I've seen you give some way bad advice here with definitive statements thus far.
You come onto this board talking a bunch of smack without anything to back it up. I gave you several weeks before calling you out. By the way...here's where you said you use the charts.
I simply read the charts and play the bounces. When you develop a system, you'll never need stops and you'll never be "the hunted."
I let you slide the other day when you attacked my trading style. However, your contradiction was too much.
May I recommend that you prove yourself before blasting your way onto this board and attempting to become a hotshot? prove yourself first...then start bullshotting about "past" successes.
You go ahead and take the last word in this one dude. It's obvious to me that your ego needs it.
Dr. Glance...Dr. Despot...sorry for cluttering up the board with this post.
Mr. Lava- You came onto this board criticizing my trading of the charts. You told me tech analysis is a waste of time and that sooner I began using fundamentals, the better off I'd be.
Now you're telling us that "they" thought you were crazy when you were saying the euro was going to punch through .2500.
Two questions:
1. When did you suddenly change your mind about technicals (see the post to which I'm responding).
2. Please point me to the post that shows your 1.25 prediction.
Dude...you crack me up. Freaking grenade lobber.
It has kept me happily married for 13 years. It's call "realizing a potential mistake" and trying to nullify. You should try it out sometime. Whether I'm right or wrong, it was unprofessional of me to attack. I just get a little emotionally charged sometimes because I believe Ray has walked away with $60 million up to this point.
Who is Lucky7teen?
Well...I guess you're kind of trying to make me feel bad for jumping out there like that. It kind of worked.
I just can't see how you guys can believe someone who has taken in over 60 million dollars and has absolutely NO revenue to show for it other than a few dollars for a failed surf flick.
What's your take on Ray?
Gary- I'd bet my bottom dollar that you're one of the offshore cd holders. By the way...your buddy Ray is a damned liar.
The main question is how much did Rim pay to have the report done.
YES Karl Kruse gave me shares for getting folks to buy shares in the open market. All that person had to do was fax proof that they purchased, and they received 10% of Karl's "personal" stock. I actually got someone into that deal...and then told Kruse not to worry about giving me the shares as I simply appreciated what he was doing for the company (extremely naive on my part).
However, the very next filing compensated Kruse with LOTS of shares in the company as a "consultant". It was then that I realized that the company put on that promotion to get suckers to buy into the open market so that company friends/insiders could sell into the volume.
THAT is when my eyes were opened. And I still have the shares.
EXCELLENT EXCELLENT work, Bill. 427 doesn't seem to have a response to this.
Starting to smell scammy around here again. Doughjo...what do you have to say about this scam?
Holy cow Hitimer. You really need to reach up and pull your head out of the clouds brother. This day belongs to the longs? Your post, in my opinion, is way way off base. We can still only "suspect' the technology will come to fruition.
This press release reminds me of the Lily Beter press release where NVEI could possibly get up to $23 million in financing.
This is the same trick...different day. I can't explain HOW they're pulling off the scam. However, it's looking more and more like this is simply a continuation of all the other non events over the past several years.
I'm not saying they absolutely don't have a technology. They may very well have something. However, in my opinion, it will be SEVERAL months to possibly YEARS before they have something ready to sell.
Also, there's simply NO WAY around doing a reverse split in the future in my very strong, educated opinion.
I don't think Brad and Ray have totally honest intentions in regards to painting a realistic picture for shareholders. Their main interest is, and always has been, in selling stock.
Thanks, Wheels. Some folks confuse investing in the market with having to be right or wrong. In my opinion, investing in the market is about making money.
How do you feel about todays PR? Do you believe it to be substantial? How about you, Sherman?
Oh...I most definitely will stay on the sidelines. I've done quite well knowing when to buy and when not to buy both in real estate, equities, and currencies.
I'd rather miss 10 good deals than take one bad deal. I have a feeling, though, that this is NOT a good deal.
Just for the record...I'm utterly unimpressed with todays PR. In my opinion, they have proven NOTHING. This still has scam leanings for sure.
Yeah...I tried to buy 150,000 shares yesterday just for the hell of it (to play the pump and dump). I'll be damned...but I discovered that while my broker will QUOTE otcbb stocks...they do not allow you to buy them. THANK GOODNESS. LOL
doughjo- Do you REALLY feel in your gut that I'm here to somehow BASH the stock price down? What does your gut tell you, Chris?
My motive is to give Poppo a clear picture of the POSSIBILITIES. The facts are on my side doughjo.
Could this be for real?? ABSOLUTELY. I hope the tech is everything the company says it is. However, that has yet to be proven. And someone like you (company sucker) needs to be offset by a reality post.