Do full-time forex traders exist or is it just make believe?

Quote from trickshot:
Seems like a huge mistake to me, the short sellers sold gold that they can never deliver in June, it was a highly speculative short that was unwound quickly,
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Agree.

GLD representing gold
is currently:

--Greater than 2 Std Deviations below it's 200 EMA
--Greater than 20% below it's 200 SMA.

http://britefire.wordpress.com/2013/04/24/438/

These are historical extremes
and similar locations to the 2008 extreme bottoms.

Gold appears due for a
reversion to the mean
[at least to its 200 MA]
price rise.

Tho note,
In 2008, after returning to it's 200 MA
gold plunged again below its prior low.
 

Attachments

I hope your happy oldtime, looks like you're to blame for this....

hey, guys, after oldtime jinxed me last night, I had a bad day. And I don't plan on coming back to this site. It's not totally bad, I just took the trade on the daily TF and now I'm in some drawdown, but still with the larger trend. I'm much more comfortable with lower TFs. But this is the worst DD I've had. Call it psychology.
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:p
 
Quote from SimpleTrades:

Am I wrong? Is there no fantasy? Is there no bullshit?

Truth is this: at some point one must filter out the fantasy, filter out the bullshit, whether or not its bullshit, otherwise no decision can be made and nothing is every accomplished.

$10,000 to $1,000,000 in one year for a newbie. Bullshit. Even if he succeeded, he'd lose it, because his own psychology would be screwed by a success like this. He wouldn't take the money off the table. He'd continue to use the same method, believing that he'd hit $10,000,000 and then $100,000,000. What's more probable? A loss of everything!
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But there's no reasoning being your statements other than that's how you'd like it to be.

I have given you the math and it is not shooting high so not break it down and show the flaws. The fact is I'm conservative but you don't have a rational argument to prove my projection wrong.

Look at your silly $100,000,000 when I have already discussed liquidity and year 2 projections. If that's how you reason how can you understand enough to make sense of trading.

Then you end up with a loss of everything based on what? Tight stops being continually broken and not stopping to review what has gone wrong?

There are too many wild thoughts here but good luck in your trading, sincerely.
 
Quote from achilles28:

How about today? What did u look for?
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Today on the count of being up all night and away from my full set up I looked for as short term as possible 1/5 min ~ 70 moving av. Waiting for a bounce off yesterdays trend line coming in off the 5 min gave a long which stalled out for a reversal. Thats as technical as it got.

Am I wrong? Is there no fantasy? Is there no bullshit?

Truth is this:
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I cant answer for them I can only speak for my self, and the only person who has been shown to be full of bullshit in this thread is surf but like a religious lunatic he just :all your rhetoric and obfusication isn't going to change anything: time and time again.

$10,000 to $1,000,000 in one year for a newbie. Bullshit. Even if he succeeded, he'd lose it, because his own psychology would be screwed by a success like this. He wouldn't take the money off the table. He'd continue to use the same method, believing that he'd hit $10,000,000 and then $100,000,000. What's more probable? A loss of everything!
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Having never sat next to the guy I do not know, I would not expect someone who built a business from the ground up to have such an unrealistic attitude towards money, $10,000 to $1,000,000 in one or two years with a dam good mentor, I believe its possible, if I had had a decent mentor I would have cut so much crap out along the way its unreal.

If a newbie did reach that goal why do you suspect they would automatically set their sights on 10-100 million in an unrealistic amount of time? That is not the trait of a newbie, that is the trait of an idiot.

There's a demo of psychology, Sheda
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I was not born yesterday, it was apparent it was coming the moment he showed him self as desperate enough to prove his success he offered his adress online to complete strangers, at which point I told him not to.

How all this relates to your accusation that I am a fraud with no skin in the game because I simply mocked someone who is adamant TA does not exist on a day I get a good bag using nothing but the most basic elementary TA there is.. I do not know.
 
Quote from Xspurt:

But there's no reasoning being your statements other than that's how you'd like it to be.

I have given you the math and it is not shooting high so not break it down and show the flaws. The fact is I'm conservative but you don't have a rational argument to prove my projection wrong.

Look at your silly $100,000,000 when I have already discussed liquidity and year 2 projections. If that's how you reason how can you understand enough to make sense of trading.

Then you end up with a loss of everything based on what? Tight stops being continually broken and not stopping to review what has gone wrong?

There are too many wild thoughts here but good luck in your trading, sincerely.
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How many times have you personally achieved this million dollar goal?
 
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