bobcollett

Hi Dannyboy What are you saying? regards bobc

The cheque is in the post bobc

Hi Ingot I knew my post would get you out of bed. The only way you are going to get back in the black is to double your bet. No . I am not entering your context next month I dont trade forex. I do follow the $ closely because it affects my fundamentals Especially Gold. I also believe that contests can change your live trading, not necessarily for the better. But if there is another contest, I will put up a small PRIZE $100 to the winner. Kind regards bobc

Mr Horseshoes,(As Petuca refers to you) You are on the right track Determine the analysts concensus view of Value and trade accordingly regards bobc

Dear Predictor Nice analogy regards bobc

Hi Neg, And thats my question. And answer. VALUE!!! regards bobc

Hi Pryme Tyme You must be in the broadcasting business.. Yes, value is an individual perception. But do you think retail traders perception of value can influence the market? Against the mighty instutions? Kind regards bobc

As an economist,I was taught that Supply and Demand determines Price in any Free Market. The price will rise as more and more buyers enter the market, until a certain point. Sellers now enter the market and as they increase ,the price will fall. Thus the continual ebb and flow........the ups and downs, searching equilibrium. But is this really true? Why did the buyers stop at a certain point? Why did the sellers enter at a certain point? "The current price of a stock is determined by what analysts believe is the current value of future earnings" .So if a stock is undervalued, the price will rise , and visa versa. Value.... its all coming back to value. I cant change the Law of Supply and Demand,but, digging deeper,its appears to have another level. Price in stocks is determined by Value . Not by supply and demand. And isn't that what we should be concentrating on, rather than volume? All comments welcome. bobc

Looks like the cream has risen to the top bobc

Hi Colonel, "C" stands for Vendor And if the moderator place a big C below your name, you are in trouble. Everybody attacks you. Dont ask me why? We all have to make a living.And often the vendors info is useful. regards bobc

Hi Colonel, You explained things very nicely.And you sound like a professional Here in sunny South Africa I have a minimum 10 point spread.Its hard to make a living scalping.I must hold for longer periods . Lets look at buying the RED candle. The reason I believe most traders fail is because they cant take the drawdown Different words to what you posted , but the same meaning. We are taught to limit our losses to stay in business. Is that common sense? The true professional can buy a red candle because he can take the drawdown and wait for the turn. He needs three basics......money ......big testicles .......an edge Even with all three basics I find it difficult to buy the RED candle I am starting to lean your way. Trading is NOT common sense. Kind regards bobc

Hi 4Ever in blue jeans, Your post makes interesting reading. Does your study include real money traders, or just play money contestants? Because if its real money,then I should change my leverage to win big. I believe there is more luck than the experts make out regards bobc

Hi Nic YIP. You have to do the honourable thing and resign. And you have'nt confirmed the time for my first lesson? regards bobc

Dear In the mystic moonlight, Its the Rodeo riders that come first in life. George Soros come to mind with his bet on the pound. I read elsewhere today a post by Colonel B. To be successful in trading you must buy the Red candle. Anyway,I read between the lines at your disappointment. Nic has quite a lead. So go and buy a red candle. Sell the euro today after the German Court announcement.It will fall if the ECB buying is illegal and it fall because its already at the top. regards bobc

Hi Nic, 320% return . Pretty cool. I dont trade forex but with these sort of returns, I am prepared to learn What day do you give lessons? I realise I am sitting in Johannesburg and you are in Thailand and there is a time difference No problem. I will get up early, to sit at your feet and learn.:missy: Perhaps Obsidian would like to join us:haha: regards bobc

Dear In the Mystic moonlight Is your result chart correct? Does nic have 320% return? regards bobc

Hi Obsidian I guess the market was so slow you fell asleep posting your chart. Is this GOLD? regards bobc

Well nic, Do not give up or start again. You can still get out of jail.. I guess you must be scalping. Tomorrow , change your chart to Daily. Its a buy day for the euro. Buy at 10 points below todays close and hold all day . 6 contracts. Profit 176 pips. If this does not work,, open the right hand drawer of your bedside table in your hotel room and read Gideon. Joking aside, I would be interested in other members views to get nic out of jail. regards bobc

Hi Obsidian, Another forex contest competitor posting pictures when you should be sharpening your "linear back sloping regression skills." kind regards bobc

Hi Ingot You are supposed to be trading in your forex contest!!:missy: Instead you are posting pictures? regards bobc

Hi Colonel Saunders Thanks for the reply I have never attented Elite so my testimony on it is zero, but I have done an MBA.My Alma Mater is the TOP University in the world...............U.O.H.K. Your third paragraph is difficult to follow. Perhaps you would like to add a bit to make it clearer My position remains unchanged.............buy the lows , sell the highs. And I endorse Bankrobber99. Lets see Elit call a trade in advance Heres some more common sense. The idea is taken from the Oakshire website The ECB has now stated it will support the Euro come hell or high water by buying Bonds. So firstly the Euro will strengthen against the $, and secondly financials will go up. No more credit defaults. Just go and find a bank that writes Bond Insurance big time and you have a winner.....and I called my trades in advance. regards bobc

Hi Mysticforex Are non participants allowed to comment? bobc

Hi Colonel Saunders Buy the lows , sell the highs.......................common sense? The S&P is at a new high...... SELL. (dont buy breakouts at the TOP) kind regards bobc