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Leonlorenzo replied Apr 1, 2010So you typed out the whole news item?
Stating The Obvious and The Quest For Wisdom
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Leonlorenzo replied Apr 1, 2010He means that prices tend to gravitate toward prices with optionality. Yep, 'vanilla' as apposed to 'Barrier' or some other. EDIT: Where are you reading IFR from?
Stating The Obvious and The Quest For Wisdom
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Leonlorenzo replied Apr 1, 2010How are you determining what is 'in-play' or not? I'll have a look over what's going on and see if I come up with anything. Sentiment is "plenty of scope for further gains", and there are stops above 93.78. 94.00 is "presumed to have optionality" ...
Stating The Obvious and The Quest For Wisdom
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Leonlorenzo replied Apr 1, 2010Pending sell order moved to 1.3535 because offers are rumoured to be lower than earlier. It's a balancing act between trying to get a good price and getting a price full stop. Stop and profit target are still same as before.
Stating The Obvious and The Quest For Wisdom
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Leonlorenzo replied Apr 1, 2010See the edit in my previous post, I thought I might have come across as a twat. Apologies for if I did. I'll keep that in mind and add it to the 'things to remember' list. Cheers, Leon
Stating The Obvious and The Quest For Wisdom
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Leonlorenzo replied Apr 1, 2010So your thinking volatility/ranging? May I ask who this 'advice' is coming from? EDIT: OK, that didn't sound too friendly. I meant to ask if you had been trading this way for longer than the existence of this thread; in essence, asking if you were ...
Stating The Obvious and The Quest For Wisdom
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Leonlorenzo replied Apr 1, 2010Let's throw some ideas around... Considering the EU's bearish outlook at present re. the whole Greece issue, the fact that we have large vanilla options sitting at 1.35 (plus more below), and presuming buy interest will be substantial around the ...
Stating The Obvious and The Quest For Wisdom
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Leonlorenzo replied Mar 31, 2010This kind of thinking is REALLY interesting... There will be people in this world who have made fortunes and lived the most wonderful and interesting lives PURELY by chance, one fortunate event leading on to another, they just so happen to have been ...
Double up and get rich???
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Leonlorenzo replied Mar 30, 2010I think the number of successful day traders is about 50% for the past week, 25% for the past two weeks, 12.5% for the past month, 6.25% for the past two months, 3.125% for the last 4 months, 1.5065% for the last 8 months, circa .75 for the last ...
New study shows only 1% of traders are consistently successful
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Leonlorenzo replied Mar 30, 2010Yes, he was an inspiring and wise old trader... How we wish we could experience that fine day when he shared that nugget of wisdom with us! Ahhh (looks up toward the sky). PS. grkfx said it four posts ago.
Stating The Obvious and The Quest For Wisdom
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Leonlorenzo replied Mar 29, 2010Lol, go poshy. Overall, my vouchers are much more credible than yours. I'll leave everyone else to judge the credibility of your post, your youtube videos, and your website.
Attracting Investor Capital
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Leonlorenzo replied Mar 29, 2010You're a lucky man. If you find that comment insulting then I'll rephrase to 'You've done very well for yourself' and I'm envious.
Attracting Investor Capital
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Leonlorenzo replied Mar 28, 2010Thanks, Ive just had a read. And these are widely used in the forex trading world? There doesn't seem to be much variation in the way they are calculated, which is good. EDIT: On second thoughts maybe their calculation isn't so uniform; on a daily ...
Attracting Investor Capital
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Leonlorenzo replied Mar 28, 2010Well, aren't they calculated using the high, low, and close of the day? Pretty irrelevant numbers in my eyes; I want somebody to convince me otherwise. Yes, the high (/low) may be important on one day, but if the high of the day happens in a ...
Attracting Investor Capital
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Leonlorenzo replied Mar 28, 2010I'll shoot you a probing pm now then; have your statements and detailed trading plan on hand.
PS. I was just about to say... Ive only got £19.53 in my piggy bank, so whatever you're selling better not exceed that.KISS
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Leonlorenzo replied Mar 28, 2010If you don't mind me asking... do you trade for a living? Can you give a vague run-down of your trading outlook/method/ whats important to you when making trading decisions? There are probably only a few people on this forum who I have + 50% belief ...
KISS
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Leonlorenzo replied Mar 28, 2010How do I know anything different? Around 50% of the 'traders' who profess to be making money at any one time end up trying to sell something to others on the forum. It doesn't inspire confidence.
KISS
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Leonlorenzo replied Mar 28, 2010In my eyes, rumours and informed guesswork are all we have, and all we will ever have at this (retail) level. Whether that is enough is for me to find out, but I'm not pinning all my hopes on being a forex trader... because that would be naive. We ...
KISS
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Leonlorenzo replied Mar 28, 2010Maybe, but whether complexity is a good or bad thing depends on in what way what your doing is complex. You can add complexity in a way that is irrelevant, for example, adding the conformation of many lagging indicators that are all based on MA's... ...
KISS
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Leonlorenzo replied Mar 28, 2010I'm not much of a fan of the whole KISS philosophy; something has to be as complicated as it has to be for it to work. There is no problem with adding complexity if it's relevant to do so. We can't split an atom by throwing rocks at each other, to ...
KISS