bobcollett

Dear waveslider Please go to the thread "Trading the overnight market" Post 19 Do you see a wolfewave? Kind regards bobc

Hi Steve Yes . You are correct.Easy trade. I can see a wolfewave on your chart. And it looks like the price is going to go quite a lot higher. I will ask our guru, waveslider, to check my reading . Now I see your method .And I thought you had a secret time based pivot.?/ Modestly bobc

Hi waveslider Please comment on my chart Its live this morning. 8.45am The day market opens at 9am kind regards bobc

Well. Just like we predicted. Greece got her money. And the new plan is a haircut of 50% for all bond holders. Thats Central European Banks. And the markets went up. A buy day. I made $600 . Sounds very rosy. BUT I dont think the whole truth has been revealed. If you owed me $1000 and the only chance of collecting was to accept half . OK If you owed me $1 billion I would not accept half. I'd be bust. I think the bond holders have been promised a guarantee by the EEC. And guess who will pay for this . ? Jimmy the taxpayer. Thats my view. bobc

Dear negoch8tr (zdos idea of a shorter name) I am very confused by the above Have you been drinking? I am still not sure which pilot you have picked I whould think B. regards bobc

Hi elovemer I also make today a buy day But we expect a news release on the Greece problem, which could be negative. Do we still buy or sit out the day? regards bobc

The correct address is http://www.marketoracle.co.uk Hope it works this time bobc

For those of you interested in more economic predictions and analysis. Go to Index of /. co. uk for a free news letter Nadeem Walayed, the author, is the best modern day trading economist It can be a difficult read if your economics is a bit rusty. Just ignore those parts. regards bobc

Well zdo, You certainly summed up the posts in a positive fahion, and with a bit of humour (wink). I lost my internet access this weekend so I was unable to reply to the posts. I was wondering why Negotiator thinks the Euro is going to tank, and with it the EEC. There are 17 countries in the EEC including Britain. Is Britain going to tank? My daughter lives in London. Britain is the same as always.100 knowledgable people and 50 million experts. ALL present company excluded. I also wonder why MMS thinks the Germans feel guilty. He has a medal for an avator.Obvious war monger. My family on my mothers side come from Germany. There is no guilt!! In fact I am quite proud that Bismarck beat Napoleon at Waterloo. (wink) On a more serious note......... Basel 111 requires all European banks increase their reserves to safeguard depositors. Where are these reserves going to come from? Would you follow your rights in a bank issue? No chance. Banks will find it easier to cut out the riskier clients. Less credit will lead to a mild recession,starting NOW. As traders , how do we use my unqualified predictions? Think bear market. Now Negotiator, I think with all my provocative remarks , your thread is on page 3. regards bobc

Dear Negotiator Germany is the largest economy in the EEC and the third biggest exporter in the world The euro was created as a common currency ,and more so a trade enhancer. AND how did we establish a value when it was first introduced?. Its an average of all the previous currencies with the larger countries , Germany , France and Italy carrying more weight. When the euro was introduced, Germany gained a 15% trade advantage. Their exports were much cheaper in euros than marks. The euro was weaker than the mark because of averaging This trade advantage allowed Germany to absorb East Germany (a trillion dollar operation) and still emerge as a very strong economy. Now imagine Germany abandoning the euro and bringing back the mark. Their exports go up 15% in price at a minimum The multiplier effect adds another 5% And their stong reserves will add another point My use of the word collapse is to strong, but their economy will be in ruins Germany , and France, cannot afford to leave the euro,and they wont!!! They also cant afford to have Greece default,because that could just start a snowball effect with the other PIGGS. So Greece will get her money this week. But Greece is going to default in the next few years. As steve46 points out, their economy has shrunk too much to recover and pay back all the borrowed money. What is the solution.? Far wiser minds than mine are at this moment discussing a solution.We will know by Wednesday. I dont expect anything more than hedging.US and European markets closed up on Friday so the good news is already factored in.If the solution is not a new approach, expect a sell day next Thursday.. I think the weak countries will have to leave.And get some help from China. A smaller EEC will make for a stronger euro.But still better than a strong mark. Kind regards bobc

Dear Neg. Please read my post carefully. Add a comma after euro. My bad grammer. I will rephrase it Germany will colapse without the euro Its friday night. 8.45pm. Another bottIe of dry white darling. I will explain tomorrow The problem with these threads is most members are not really interested in mainline economic theory.So the thread progresses 1 page, and the same intellectuals participate. I am talking to the converted. regards bobc

Please add a fourth choice If they leave the euro they will collapse. bobc

Hi AN, I dont think you will get much response about a specific stock on this forum. The members are more concerned about actual trading techniques, like market profile and astrology (same thing) What you have to do is post 5 reasons why you want to buy DGHG Like if you trade with fundamentals the p.e the peg the dividend the market potential etc If you trade on techncals the trend the candle the moving average the macd etc And if you trade on price the inside bar the reversal bar the small bar the exhaustion bar etc And maybe post a chart.. And lets see what happens And if you cant find 5 reasons, have a look at a banking stock. Kind regards bobc

Hi Dylkay Looks like a wolfe wave to me . Maybe the slope is too steep down. But waveslider is the local guru so we must accept his opinion or stop asking for his help. But just imagine if the price of Uranium doubles as projected . I would rename your pattern . Lets call it the Dylan wave, and take the trade. And for this solid advice I would expect a trip on your new yacht regards bobc

Thank you @#$% Back to the drawing board bobc

Hi xkr, Did you ever see the movie Star Wars? They also had these alphabetical names like yours....cp3o & rtd2 Your comment is accepted. Can you give us the name of your mentor Kind regards bobc

Mr Jones, I find your comments rude , inappropriate, and rather arrogant. Are you having a bad day? I missed the post where you offered to be his trading buddy. bobc

Hi waveslider New chart Please check if the pattern is a wolfewave Please also comment on my entry and exit I bought 3 contracts when the bar closed above the moving average I sold when the bar closed below my floor pivot for the second time Total gain 62 points at $6 each kind regards bobc

Hi kuokam The story of our lives regards bobc

Hi, Stimulus does work, short term.. It keeps the politicians in power and it creates inflation. Inflation is good for stocks and commodities. They go up. Thats good for us traders. There is movement. Inflation is very bad for the man in street. His lifestyle falls. The real problem is unemployment and it has been with us for hundreds of years. In olden days , when the serfs started grumbling,the king formed an army and marched off to Moscow. That took care of a 100,000. Today we have sent our inventions to Asia to be made . The jobs are gone . They wont return so we have stuctural unemployment. Technology has always solved our problems in past. The 50s saw the space race. The 60s saw the Beatles The 70s saw nothing. USA standing still The 80s saw the arms race. The 90s saw the computer. The 00s saw the cellphone Is there a new technology that can turn us round? The iPad will change our way of doing business But we sent it to China to be made. There is only one way to solve unemployment. Balanced trade. And thats the start of isolationism. A swearword with mainstream economists. I remember writing a final exam on International Trade. The question was easy. Discuss the comparative advantage.I can make shoes cheaper than you . You can make socks cheaper than me . We trade.Now if you can make both shoes and socks cheaper , I am dead. To keep me busy I'll open a bank to keep all your money. Does this ring a bell? Now the bank has failed and the stimulus is there to keep the bank open so some of us have jobs. Balanced trade means you can only sell as much as you buy. So I will sell you shoes and you will sell me socks.Even if my shoes are so expensive. Otherwise , no trade. Of course there will be inflation . Thats fine for us traders. The world economy will shrink,but the jobs will return to America!! As a closing comment.... Did anyone see the Inflation report yesterday? Producer prices at wholesale level rose 6.9% for 12 months The retailers must add a margin .So inflation is about 9%. Unless the retailer sold the goods at a loss. Somebody is not telling the truth. Please note these are my thoughts and ideas. And the research is minimal. I await the onslaught. Regards bobc

Dear John, That sounds like my first rejection letter from Mary . Because you are trading forex, your double up will work. No currency will ever reach zero, so you just need sufficient funds to wait for the turn. BUT lots of stress... lots of pain... lots of anger. And the risk / reward ratio is stupid If you loose 4 trades in a row , you now risk 8 goons to win one. Thats 8 to 1 against. Come on!! Rather just buy the horse Please let me know if anyone from TL is using a Martingale strategy. I have this bridge for sale (Brooklyn) Kind regards bobc

Hi kuokom, You are right, and if every trader started with a friend , it would shorten the learning curve. A mentor is the real secret to the Holy Grail. An UNPAID mentor So find a friend in your neighbourhood with some experience. Thats very difficult...... Have a look at all the people who post "one liners" on TL. Are they trying to make friends .. NO They are trying to display superiority. Thats no friend. I am keeping a book with all the" one liners ", just like Taylor. Tomorrow is a Sell day. Joshdance has a point. Friends dont necessarily give you the correct answer. They confuse you. But better they confuse you and you loose money, than you are not confused and you loose money.You can blame them. regards bobc

hI xioxxio, How do you pronounce your name? "Soso"? Gosu is right . I watched the first series in 1978. Now I can only follow TV with subtitles . I went completly deaf in 1993 Thats why trading online is a lifesaver for some.You dont have to hear to make a living. Pity trading is so #@!^ ing difficult. regards bobc

Wow xioxxio!! You must be as old as me. Kind regards bobc

Hi SpideySense And I thought I was the only one watching these neutrinos.!! And if proven true , it will be the greatest breakthrough since the combustion engine. And Goldman Sachs will be able to frontrun even faster. But getting back to Tradewinds post............. Hi Tradewind Are you suggesting that trading info. is false? Regards bobc