My holy grail Las vegas casino style day trading strategy

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DSM

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4C,

Great post! And great thinking as well.

Many times it is easy for us to judge others, because we are not in their position.
It is not necessary that one is not hard working, or not willing to work hard - it can be circumstances as well.

Say there is a hardworking and a self reliant farmer, who works hard to till the land, and provide for his family. What happens if there is no rains for 3 years? He has borrowed money from a money lender, and his land is confisticated. Are there no examples of this.? Or if the farmer falls ill, or has a major medical problem, coupled with say no rains in his village. He sells his jewellery, his land finally. And is now on the road.

It is not that everybody who is poor has not tried to work. Who will provide work.? We have tens of thousands of people coming to the city of Mumbai from villages, living on the streets, and looking for work. Without an address, a document or proper identity who is going to give them jobs?

We can spout wisdom easily because of where we are... I had read the philosophy of Ayn Rand while in college and was very much impressed by it. It states that man is responsible for him/herself. But it is not always the case - there are circumstances that may get a person on the street.

Forget about our country. What has happened even in the US with the sub prime crisis and shift of manufacturing jobs - it has got decent, hardworking folks, out of their houses and into the streets.

In the west there is social security - what about the poor here. Much of what the benefits are -in the paper only. Unless one pays bribes, they will even not get their dues and rights.

Not to say that there are some people who do not try to go the easy way out, but if one had a decent start - education, job and a decent life to look forward to, no body would be willing to exchange that to a life of begging.

.



Every poor is not poor because if choice. Agreed there are lazy people which has led them to poverty.
There are people who just do not know what to do because they are lack guidence or are uneducated or with less IQ. There may be poor who must have faced a crisis in personal life from which they are unable to come out, there may be others who are fed up of life, run away from home or thrown out /abandoned... there are others who believe they are making more money begging then working for some one.....there may be many such reasons.

What ever the reasons.
But have you all wondered ...what if every body on earth was a millioner? Who would be the next poor person or below poverty line?

A rich has his/her identity because there are people who are less wealty then them. If there were no pauper below then who wolud have been the immediate one?


So be grateful there are some poor souls around and if possible help them with what ever little you can.



" Be honost to youself. If you are trying hard to show to others that you honest
then you are being dishonest to yourself"



:)
 
By the way: What doe's it help when Jain.er removes his post, but there are other post's which quoted his post??? Your choices.

His post probably was not meant in a bad way. A few time ago he also struggled in his live, lost his job and his girlfriend and now he is married and has a new job. Maybe some words could have been choosed a bit different in his post, but the problem about those organized begging syndicates even exist here in Europe. It is proved that many people from Rumania do lead such syndicates here in the big cities. Police tries to keep them from the streets. So they are banned for a while from certain places but occur the next day on other places. Even asked in a documentary about them, they openly told what they do. They also say that it is very lucrative for the bosses behind the lines and that they do not have much scholar education, as many of them brought in the business as child and do so since then. So to keep an open eye to who we give our money on the streets is surely a must.

Question: What is EKADASHI?

Take care / DanPickUp


Ekadashi means fasting............it's part of Hindu culture.....every month there are two Ekadashi.....after 15 days gape..... more info please read this... http://en.wikipedia.org/wiki/Ekadashi
 

DSM

Well-Known Member
“Empty your cup so that it may be filled; become devoid to gain totality.”
~ Bruce Lee

A professor comes to learn from a wise Zen master, but it quickly becomes obvious that the professor is bent on to holding his theories and showing off his own knowledge then in learning.

So the Zen master begins to pour a cup of tea. He fills the cup and keeps pouring, so that the cup is overflowing.

The professor stops him, saying the cup is overflowing, no more will fit in. The Zen master says to the professor, just as the tea cup can't take in more before it is empty, so too with your mind - If you want to change or learn something - be sure to empty your mind of old ideas and thinking.

The need for an empty cup, an open mind, is the basis for everything. Yet, in so many of our lives when we try to learn something new, we try to put things on top of things, never removing the true barriers or leaving behind the behaviors that don’t work for us.
 

Mr.G

Well-Known Member
“Empty your cup so that it may be filled; become devoid to gain totality.”
~ Bruce Lee

A professor comes to learn from a wise Zen master, but it quickly becomes obvious that the professor is bent on to holding his theories and showing off his own knowledge then in learning.

So the Zen master begins to pour a cup of tea. He fills the cup and keeps pouring, so that the cup is overflowing.

The professor stops him, saying the cup is overflowing, no more will fit in. The Zen master says to the professor, just as the tea cup can't take in more before it is empty, so too with your mind - If you want to change or learn something - be sure to empty your mind of old ideas and thinking.

The need for an empty cup, an open mind, is the basis for everything. Yet, in so many of our lives when we try to learn something new, we try to put things on top of things, never removing the true barriers or leaving behind the behaviors that don’t work for us.
Will I have to forget everything i learned in FA to learn Ta now?!!!!! :(:(:(:(:down:
 

DSM

Well-Known Member
It's a metaphor... But sure, what will you do when TA tells you 'Sell' and FA tells you 'Buy' or vice versa? Have you not considered this will happen?

TA involves making best judgement - Many signals are contradictory. Even if not looking at different systems, the same system or signal in different timeframes will give divergent signals.

Will I have to forget everything i learned in FA to learn Ta now?!!!!! :(:(:(:(:down:
 

Mr.G

Well-Known Member
It's a metaphor... But sure, what will you do when TA tells you 'Sell' and FA tells you 'Buy' or vice versa? Have you not considered this will happen?

TA involves making best judgement - Many signals are contradictory. Even if not looking at different systems, the same system or signal in different timeframes will give divergent signals.
I thought about that. I wont trade the stock in which I have FA positions. That way I wont have a brain fart. And I am learning only harmonic chart patterns. Once I learn it with practice in equity cash then I will trade forex only. As I have heard that it is the least manipulated market and easiest to trade with patterns. Thoughts everyone.
 

toocool

Well-Known Member
Anybody using Fibonacci numbers in trading?

Recently met a trader who has his own office setup in Andheri and trades basis price levels. He is a 30 lot trader in futures, and his style of trading? Only price levels basis Fibonacci numbers based on previous two days High, Low & Close along with the day's 15 minutes data after open - i.e High, Low & Close.

HE DOES NOT SEE THE CHARTS - ONLY CURRENT PRICE. Basis current price and a reference to his calculations derived from the above data, he nibbles small bites of profits, considering his lot size and his office setup is surely not small.

He's a total professional, and though he showed me some of his notes and workings he has not disclosed his methods. Was wondering if anybody else trades exclusively basis Fibonacci.?
Tell me some more about it, as an intraday trader a couple of years ago I was trading on fibonacci levels too, but those levels were derived from important highs and lows, and also from intraday movements, I think more info on this, and i might see what he does, I will try to see it on my chart on this basis soon and will post in my thread

Btw, I believe that markets is about a natural movement because of the combined buying and selling forces, mentioned that already , the reason is I have seen fibonacci working real time daily for more than a year, though I left intraday but still.

I would say fibonacci is what makes the markets move (in a way) :thumbup:
 
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