Global economic situation for liveaboard cruising yachties

[masalai]

Is OK, I thought more fun to interpret other ways I am in a KICK US arse pissed off mood - bugger bernanke (literally) if anyone cares to?

[Boston]

well they borrowed there way out of it for the time being and now as that money trickles through the system the illusion of health is creeping back up on the unwary
markets clawing its way back and the cycle begins again
obviously the next crash will be worse unless the bandage gets changed so to speak
the collapse you so fondly speak of while still imminent is now postponed while the feeding frenzy over the carcasses of those who did not make it ensues
so what twists and turns might the economy take
well conflict will probably determine that in the end cause in case no one noticed while all the bankers were running down the street with all the money we are fast approaching another few global crisis
the next solar max
food
population
and my personal fave
pollution

speaking of which I just got back in from dinner with the x girlfriend and dam we always did drink well together. She even called to make sure I got in ok, dam civil of her if you ask me. Ill have to go out and get polluted with her again sometime.

best Mas
hope your gold is doing well
honestly I dont pay attention much to it
as its way to long term a trade for what I do
cheers
B

[Boston]

Originally Posted by Zed

Attached is a chart of the S&P folks... Now I appreciate most of you are not technical analysts but take a peek at the last 3,4,5,6 days and decide for yourself.

started out today about 930
topped out at about 950
ended up at about 941
right smack in the middle

ignoring an anomalous low on the 3rd the last 6 days will show three parallel trend lines, one high, one low, one in the middle
the last six days has been a slightly bear market and any trend notations should reflect that
today's close at 941.6 landed smack in the middle of that trend
exactly as noted

Masrapido keep your flies to yourself mate
I dont need em

if any need to actually see a chart I recreated it on this free chart site
http://www.freestockcharts.com/?emai...2-7f09dc0a52f9
hit save last session and look at the last close
smack in the middle of the trend folks
my guess is some of us are better at day trading than others

and whats with that long term graph
6 days not 6 months you nit wit
if your having trouble keeping up with the conversation
you might want to be polite and step out of it

in the last six days there is one anomalous high and one anomalous low
everything else falls within a roughly 2% spread
todays close landed almost exactly in the middle
what is wrong with you

[Zed]

Mondays gap down on the open broke any correctly drawn up trendline and you have to go back 10 days to draw that. If you look short term the only trend you have is the down trend from Thursdays high that was broken toward the close on Monday. We have now retested the back of the line we gapped down from on Monday, it would not surprise if that was the short term top and we break lower in Tuesdays session... we will see. The internals look weak to me.... 15 min chart, or is that too long a time frame for you?

Best of luck with the "trend", I hope it works out for you... personally I think you are seeing what you want to see in the chart.

What on earth do you know about polite?

When you grow up and you are playing with real money you will work out that 6 months is short term...

Finally the MS plugin loads and I can see your chart! There is not one correctly drawn line on that chart Boston... seriously dude, where did you learn to chart? You do know its best practice to draw trends through session closes don't you? and that they are not generally considered trends until the third test of the line? and a broken trendline kinda negates the trendline?

And dude.... don't tell me you trade on cheap arse free data? tell me you have a decent platform from which to trade!

[bntii]

2 month chart shows the real action.

Still trading in channel - up. Topping action or a least a bit of a pause?

Congrats Boston sounds like you are winning your game on many fronts.

[Boston]

as I said
the anomalous low was on the third and the anomalous high on the fifth
everything else was perfectly within the predictable 6 day trend
now 7
for god sakes man if you dont understand day trading at least dont blither on pretending you do
5 minute chart is were its at with many traders aiming for the exact five minute tick and no
I wasnt about to show my charts, so I recreated em on a free site and sent you a link so you could see how blatantly wrong you are
not that you were going to admit it or anything but I though the group would get a bang out of it and see that yesterdays predicted trends would likely work for todays trading
you cant really expect anyone to trust you with anything important like there actual trading house after all the grief you have given so many folks in this thing
couldnt help but notice all the flies on you whatever thread you are in
or that you are now buzzing round Masrapido who is a respectable Mashika tribesman

Thanks BN
rode it like a wave today nearly perfectly
if you go to the link I provided you will see that it traded today nearly exactly between the trend lines I provided in the link yesterday
I'm back on a role brother
cant wait to c if I can break my 19 for 20 run I had earlier in the year

oh
and Im having second thoughts about that position I was so excited about
Im surrounded by PHD's and specialists
had no clue I could even hang with them for this long but things are looking dicey although my tests and lectures are going well

any way Im hanging in there but I have am unscheduled review coming up and Im not so sure what its all about
its with the director and that's usually not good
although I had a few solutions to some issues they were having in one of the departments and it could be that
who knows
but the suspense is killing me
gotta run
cheers
B

[Zed]

You are full of it...

So completely full of it...

You are either fooling yourself or ********ting everyone else...

I know exactly what it takes to succeed over the long term...

I actually do this for a living...

I know what the real failure rates are for day traders...

I know what it takes to succeed...

I know how the risk reward profiles play out over various time frames, I have back tested so many strategies it would make your head spin...

Most real day traders that I know would have given me a screen grab from Trade Station or similar, not ******** about "trading house" access... out here in the real world we call them brokers dude.

Prediction is a term that those with experience tend to avoid, the trading game is not about prediction, contrary to public perception.

Anyhow in my opinion, what you have is a market ranging between support and resistance running shorter term trends than you are citing.

Please don't wank on about trading to an unqualified audience, your prattle about technical analysis (as suspect as I find it!) is about 20% of the formula for success, if you don't know that, you should. Without the rest of the knowledge you are at best going to give the readers a false impression of the success factors involved and at worst you will do damage to someone who actually follows you.

Boston, I think you are a serial ******** artist...

[Boston]

your freaking out again
go look at the graph I was willing to linked to and see for yourself that today's session fit precisely within my prediction of yesterday.
we call that trend lines in the biz :-)

If you cant handle the idea that someone else might actually be good at day trading without freaking out like a four year old, then you seriously need psychiatric help

and once again you are disrupting the thread
get a grip
grow up a little
and
quit acting like a child

had you spent less time embarrassing yourself you would have had time to go back and read the thread
in it you would have found various days trading posted in real time
go check the times of the posts against your market data if you have to

ps
people who use formulas in day trading are doomed to failure
day trading is far beyond any formula
its more like an anesthesiologist following an irregular pulse using various parameters
clearly you haven't day traded or if you have, were so bad at it you have come away with these ill conceived notions about formulas
no wonder your pissed off
you must have lost your ass

love
B

ps
not when its an ETF
or need I explain those to you as well

[Zed]

Now da man is calling charts, graphs... dude! "in the biz"... LOL... fool.

[masalai]

Zed be nice - Of course I am fill of it - haven't had my daily **** yet... - - Just as well for you too, as it emits a bloody awful smell - - - - like, I am told, some Chinese used to say "...bum i smell, body i well..." - - - - - - and leave Boston alone, - He is doing his thing, and chatting about it in this thread, which I set up for that, so please do not criticise others on this thread, and you are still welcome to post your views on global politics & economics (it used to be known as "lies & witchcraft").... You are almost as bad as some septics in your rudeness to others in a personal manner - Keep any rudeness to named bureaucrats & politicians - they probably deserve it - one does not give personal info on the net so do not expect that from others....

[masalai]

Now, where has the acclaimed American "can-do" attitude gone? - down the toilet at McDonalds I suppose, - - - for the Germans have beaten you to the deal.... http://financialsense.com/editorials...2009/0609.html Buy Gold in 1gramme "tablets" from an ATM at one of 500 sites in Europe.....

[Boston]

Im in at the open sds 954.2 and loving these first few minutes
it opened outside of trend high in a bear market so the buy was obvious
love
B

[masalai]

Just watch out for sudden turns, and have your stops etc in place....

[Boston]

just held through a small pull back now its dropping like a rock again
I love it when I go against market the bs market predictions and go with my gut on trading
Ill stop out at 949.0 to preserve my profits if I need to, at least at this juncture
but
Ild love to make the full point and end up with a ~4+% gain
specially doing it in amateur hour
thing is following trend every day for the last 7 days its touched the what amounts to the 940.0 mark today
so I have an excellent chance of having a 6% day on one trade
depends on the pull backs and how large they are
I hate giving up profits and just asume try and ride the wave rather than wait out large movements
does seem to be going my way though down to 946.3 and dropping

[Boston]

done at 946.2
I missed my low but gained about 3.2% on my trade
done real time just so you can go check it if you need to
which most people dont but since you have psychiatric troubles there Zero
you go right ahead and check those times against the market

my guess is that while some folks are off arguing semantics others are off making money

now if you will excuse me I really should pay closer attention to the graphs
and this time around the trade wont be so obvious as that one was
if not for all the good news in the market Ild be staring at about a 80% chance of it dropping some more for me
ah well
time to watch and see whats up