GBP Trade Index 18-Year Chart

Your Attention Please Ladies And Gentleman

Now entering th game to close the final 1-1/2 hours of THE U.S. STOCK MARKET is the greatest closer of all time, the one, the only, PPT.

PPT enters the game with a perfect record of goosing the S&P futures (spoos) into the close in order to deceive the public into thinking everything is A OK with this jobless recovery.

The PPT does this by GUARANTEEING certain banks against loss when they synchronize a buy order of the spoos (aka, JAM JOB). If the mission fails, th banks are made whole by the PPT, hence their "perfect record"!

Monty,

Your absloutely right about when to take profits and when not to. Also it depends if your in it for the short term or long haul. I can understand people are reluctant to comment if the other persons' trade was correct or not, incase they get sued.

Since I had already taken the trade, your opinion on the matter would not have made a difference. It was really to gauge the opinions of some you more experienced traders.

I am fairly new and have a very small trading account. Most people would laugh at it. The one thing I have found is that I am unable to relate any of my trades, the excitement or etc with anyone else. There is no one I know that trades, or has any interest.

This forum has helped. I've found it most helpful when people respond or interact with others on the Forum. I'd like to say thankyou to you, Pipped off, chloe who have given some real posts on here. NZVic is helpful.

Before it seemed that the people normally on this forum were too good for the newcomers and only responded to each other, even though I had put an open question to all. That really annoyed me, but it was because of Ashrafs insight that mademe stay.

Thanks to all the people on this forum, for making it a pleasnt place to be

@Pipster: Wouldn't like to say whether it was the right thing to do or not (I'm not qualified to give such advice), but Ashraf had already said that the FOMC was likely to be USDX-positive, and for what it's worth, I was already short. I don't/didn't have a specific target, because I don't normally work like that.

Can't remember what Ashraf's most recent target was ... it should be in the IMT's somewhere, or else in Twitter. Depends whether you are in for the long-term or prefer to take quick profits. In theory I prefer to stay in for the longer term , but in practice it seems to work better for me if I take quick profits as I see them. I don't think this is actually ideal, and would prefer to stay in (profitable!) trades longer, but it always seems like the profit is about to disappear if I don't take it (and quite often, it would have done ... knowing when is the right time to take it and when to leave it, I guess comes with more experience. I've only been doing this for about 2 years, which is one reason I'm not qualified to give advice. I'm just giving my opinion, as anyone else here can of course.

VIX down yet again today to 21.89.

Fear what? Buy risk. No PIGS!

Where are The Weatherman analysts to tell us Eur is headed lower? Yesterday they were pounding the table for 1.3850, then 1.4000.

Fools getting lathered up over Bank earnings. ARE YOU KIDDING ME? Of course they have earnings! They took all the TARP money and bought stock. With a 60% rise in stocks in nine months, even the moronic banks can make money. Are they sustainable? Are stocks going to put on another 60% the next nine months?

PPT still has DOW up 27 points!

CNBC USA will be whining and crying should stocks EVER go red! Better call in Maria B and Cramer to exult the masses to buy more stocks!

Yet another suspicious V-shaped recovery in gbp/usd-third in the last twenty-four hours.

God Save The Queen!