ALL Financial trading is risky .

To say that say that is like saying , don't drive cause it is risky ???

What is true is from a trader POV is local futures are crap cause the moves are so small.

in FX hell man , you can get 1000 pips every day , that's a lot .

get ready to short Sterling . This up wave won't last

If you really know your biz , you would know nothing is for sure .

If you knew what is a sure bet you won't be here touting for retail punters.

In fact if you are employee and not remiser why is OSK scrapping around a web forum for punters ?? LOL

I think you are a remiser.

As for why short GBP well that has no relevance to you does it , since you actively proclaim your aversion to FX trades why would you care what I short or long ?

If 1 of the guys ask me then it's different.

This post has been edited by Txi: Feb 6 2009, 11:06 PM

personal attack ?

You say you don't like to trade FX . I say short GBP , you ask why ?

I tell you no relevant to you due to what you just said ?

Why does a person who discourages FX want to know about a FX trade .

What part of this is unclear ?

Either you don't understand plain English or you are say 1 thing and change when it doesn't suit you.

If I ask you out then I would be asking to see your portfolio not vice versa , " dude ".

Are you saying part of OSK dealers job is to tout punters at 10.45pm ??


Please don't take the forum for fools , this is funny.


This post has been edited by Txi: Feb 6 2009, 11:17 PM

IF OSK don't open FX accounts . then WHY ARE YOU HERE ??

The thread is " FOREX corner " not KLCI of Corn oil corner

Can you read??

yeah right , you gave your opinion and I gave mine end of story . what part of that is unclear?

you are not seeking punters then why are your " credentials " plastered all over your posts ?? art deco ?? I don't think so . At least have the guts to be honest about what you do.

Chicken shit ? My blog is there for all to check out and FYI I was part of the original team in RHB futures who do only institutional clients like BZW Sg and MS HK , not touting on the net . Who knows what now huh ?

Oh , you sound very angry , why don't you PM me and we can take this private ?



This post has been edited by Txi: Feb 6 2009, 11:27 PM

Really ? so what are you doing during prime FX hours ? do you even know when this is ??


....... what you do best touting on the net .

Ho Ho This guy's a fantasist .

he refuses / can't to read !

I was part of the original team in RHB futures who do only institutional clients like BZW Sg and MS HK , not touting on the net . Who knows what now huh ?

at last some people actually talking about FX trading instead of marketing .

Like Jong said , GBP is forming a top , wait for the double triple top etc , then put a nice short order on.

GB economy is fundamentally flawed , GBP rise due to market agreeing with BOE lower rates but whether that will be enough to lift it , I very much doubt .

So due to that , won't be long before we see 1: 1 GBP : Euro , and $/GBP below 1.3 , and we will see RM/GBP below 4.5 before the bottom.

Just my pov , what happens we'll see.

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Added on February 7, 2009, 4:45 amNB : In Asian markets you cannot short stock , but in regular times in Western markets you CAN .

IMV, stock movements are less quote volatile but still trend both ways , whereas FX is controlled by the banks + have a LOT of quotation volatility.

But relax , I encourage you all to do what you like doing .

Just my pov . ha ha


This post has been edited by Txi: Feb 7 2009, 04:45 AM

GBP going down already !

when I said GBp above 148. 50

now below 147.80

traders win suckers lose ! check the time stamps . ha

What challenge ? you mean we are not allowed to disagree ? then why the F talk here , opinions are like Aholes , some bigger and smellier than others !

And I have already answered the Q if people bother to follow the thread.

Anyway keep the chat to FX , all else irrelevant what is this Adam and Eve ???

start a bible thread if that's what you all want

This post has been edited by Txi: Feb 8 2009, 01:56 AM

You guys need to read

Market Wizards 1 & 2 - Jack Schwager

I never gave a time frame I don't have to . I said it will go to meaning it will bottom under 4000 , in the long term.

Read the book and stop joking.

(Note: I do agreed with kelvin that i really felt discomfort with your remarks here. Please cut the personal crap , use the PM if you must and post your remarks maturely.)



This post has been edited by cherroy: Feb 10 2009, 12:00 AM

the mod has spoken , keep it to FX man .

make another thread for Dow if that's what u want

Thanks for luck for you shorting GBP/USD. but I already made 100 pips

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Added on February 9, 2009, 6:39 pmthe mod has spoken , keep it to FX man .



This post has been edited by cherroy: Feb 9 2009, 11:57 PM

I took profit before it went against you, while you were talking about adam and eve.

There's more to short by the way , I'm waiting .

So what are your reasons for longing GBP/USD since you are so insistent on asking for reason ??

Where are your " analysis and no fundamental reason for it. " your own words.

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Added on February 9, 2009, 10:33 pm" u made 100 pips longing GBP/USD also. and another 100 from EJ EU AJ "


I would like to ask you since you always demand " serious " talk on FX so why are you saying you have done all these trades AFTER the fact , after the pairs HAVE moved ?


I , anyone can make that up , that's the oldest trick in the book.


Next time do what I did on the GBP trade , make the call BEFORE it happens , that what this is all about not history anyone can look at a chart and make it up.





This post has been edited by Txi: Feb 9 2009, 10:33 PM

Are you sure this is a good idea ?

Soros trades in the Billions , surely you are not saying you trade Billions ??

If not , how can the same methods apply to you / us , small time traders?

I hope you DO KNOW this makes such a big difference .

Repeating : not a dow thread , make your own.

Who's arguing ?

You keep asking for reasons , I am doing the same - called a discussion , you were very keen for this a few posts ago , why the change of heart ?

-----------------------------------------------------------------------------------------

Reasons to short GBP/$ are actually old hat and are all over the net :

- UK money supply is increasing w/o demand justification

- economy cannot produce the above said demand

- As the main economic tenants are busted and will take years , maybe decades to repair : financial services / real estate / retail.

- A lack of tangible produce makes all this even worse.

Let's see anyone is really interested in reasons , then if they ask politely we can go from here .

Next time I will tell you why you should keep analysis simple and brief.

Please explain why Dow moves are will effect usd related pairs ?

1st time I have heard of this.

Do you mean movements in US treasury bills , which is completely different

Well you have not stated why YOU believe in the so called Dow indicator .

Cherroy has expanded on what I started so it is basically the same line of thought that i have
ie ) bottom line : Supply of USD increasing , so price go down vs. other currency, basic economics. This directly related though [not soley] to US treasuries.

With 1 addition , to me the GBP is going to fair worse than the USD , per capita wise the debt / money overhang is worse than USA and it does have the status as a reserve currency .

Dow moves on their own have no real bearing on the $ , Dow can go up $ can stay the same or go down or up . D moves down , if in panic times , $ may even go up as people go to treasuries. In normal times , no effect.


Slow down speed up, Soros is Soros and he is not you or us but a million miles apart.

Anyway to answer my Q which you chose not to.

The reason why small time traders like cannot follow guys like Sor is cause the effect of size in execution . Do you understand this ?

Even if Soros trades in 100's of millions which is not big in today's market , he can afford 100's of pips of slippage and still stay in . his levels and stop loss levels will much larger than small timers.

A small time trader not be able to take 100's of pips as a SL . Soros can and has to due to the moves that his sheer size generates.



Why do you think I am trying to change your mind ? what you think has little bearing on my trades and vice versa - surely you agree ?

1 thing is for sure GBP/$ is down again @ 1.4803 and it was around 1.4900 when I said it would go down again.

have a nice day .

You need to read up international reserve currency or scroll both Cherroy and I have explained this.

Not to me : $ going into the Dow on any 1 day is mickey mouse , how much a billion or 2 ?

Compared how much is in supply globally 30-40 T . Better to follow the moneycenter banks if you want to follow the $$ , but then again you need a direct line to their trading desk .

NO check my 1st post and [B]the FX does NOT close it is 24 hr

Also I am not here to convince you or anyone and I don't view it as any competition as some people in the tradeworld might. It matters 0 to me other people win or lose . It is me VS the market . The market is anonymous and NOT anyone in particular. Everyone should form their own view
[/b]

have a good trading day.

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Added on February 11, 2009, 3:36 amIf your SL is 200 and your TP @ 288 , the reward to risk is less than 1.5 : 1

That's a very low R:R for me , I would never accept anything less than 3/4:1 or if I wold have a 200 pip SL I would look for + 500-1000 pip. I would never take -150 pips before it came +20 , too small Rew:risk for me.

Now I said for me , if you happy with what you do , then good for you , go for it .

Please don't argue as I am happy with my way and I am NOT trying to change you , and happy you have a found your way .

So you KNOW Soros has stopped shorting GBP ...... mmmmm ok ...

Dow at 14000 ? that was years ago , experience trader like u knows FX moves damn fast , what is applibable last week may not be this week , never mind last year .

You only seem to be a selective reader

1st off , these are only tips to ME , everyone should their own view and I am certainly NOT asking you to follow.

You are confusing SL with TPs , as I said you could have made 100 pips profit when it fell from 1.4850 to under 1.4870 , that is a TP not a stop loss , experience trader like u should know that .

I said again after it went back up over 1.4900 that it would come down again.

Where is it now ? 1.44..... it's dying


good luck with your trades

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Added on February 11, 2009, 3:58 amYes I do agree , hope you can see that I have been trying to push the chat back to FX.

True about the USD .



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Just for the record :

I said on # 489 [ Feb 6 2009 11.52 pm ] to get ready short GBP and then again

#513 [ Feb 7 2009 5.40 am ] to wait for a double or triple top and then short

Confirmed again in #557 [ Feb 9 2009 11.24pm]

Please see what happened

http://finance.yahoo.com/echarts?s=GBPUSD=...ource=undefined

This post has been edited by Txi: Feb 11 2009, 04:20 AM

Sometimes you have to beware of brokers with small spreads.

Some of them use this to lure you to trade and then start kicking out your SL to make you trade more than you would normally.

If anyone's interested :

GBP is at the 14200 level and I think it's gonna die again , think it will pierce the 138 level .

Good luck trading to all

GBP is in a bear market . I did say this weeks ago , check out my past posts and verify for yourselves.


But I would not short it now , wait for a correction then bang it again

My call $/GBP goes under 1.30 by end June.

Best of luck !