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Flying Dutchman

  • #6,961
  • Edited 6:57am Mar 20, 2023 6:47am | Edited 6:57am
Quoting OAPDave
Love it when I make a post and The Top table all come out in force at the same time, singing off the same Hymn Sheet Just reminds me of Wild dogs hunting in a pack oh its a discussion but you had better agree with us or we will just wear you down untill you submit
You are delusional mate.

If that's what you think, then the Forex market will also be out to get Ya ...........................

Everyone has a voice here, even the naysayers. There is no Top Table.

You just have to put your point across better than you have done lately.

People have not treated you badly, show the proof please. Lighten up a little.

You get offended far too easily .
It never gets easier, you just get better
  • #6,962
  • Mar 20, 2023 7:06am Mar 20, 2023 7:06am
Quoting Shabs19
They don't have a clue about the NIck Leeson story. Making things up as they go along.........................
Oh, I was always under the impression Leeson's problems were due to the fact he basically bet against the falls after the Kobe earthquake and got himself in a hole he just couldn't get out of. Are you saying it was something else?
  • #6,963
  • Mar 20, 2023 7:19am Mar 20, 2023 7:19am
Quoting Danger-Mouse
{quote} Oh, I was always under the impression Leeson's problems were due to the fact he basically bet against the falls after the Kobe earthquake and got himself in a hole he just couldn't get out of. Are you saying it was something else?
In his own words, he had 2 books, one where he wrote all his wins and one where he recorded or hid his losses.

His bosses back in London, smoking fat cigars & drinking expensive whiskey in Posh dining rooms only saw how good this working class boy was

making huge profits for the bank.

So without checking his accounts, they forwarded him even more credit lines to place more bets on their behalf.

By now Leeson thought the authorities would be out to arrest him, but hey ho a lifeline to make back the losses and cover - up all his tracks.

Then the earthquake struck over the weekend and the proverbial shit hit the Fan.

Real life "Trading Places", except nobody was laughing.

I am sure he wasn't a TA & PA trader, but that's another story.
It never gets easier, you just get better
  • #6,964
  • Mar 20, 2023 7:21am Mar 20, 2023 7:21am
Yes as I remember they were so confident in him they put him in charge of the back office as well - but of course they bore no responsibility for the losses lol
  • #6,965
  • Mar 20, 2023 7:30am Mar 20, 2023 7:30am
Quoting handy148
Yes as I remember they were so confident in him they put him in charge of the back office as well - but of course they bore no responsibility for the losses lol
Barings Bank founded in 1762 bankers to the late HM Queen sold for £1 after this affair, bought by a dutch bank I think, ING.

When you are wrong and in a hole, Stop Digging.
It never gets easier, you just get better
  • #6,966
  • Mar 20, 2023 7:53am Mar 20, 2023 7:53am
Quoting Shabs19
{quote} In his own words, he had 2 books, one where he wrote all his wins and one where he recorded or hid his losses. His bosses back in London, smoking fat cigars & drinking expensive whiskey in Posh dining rooms only saw how good this working class boy was making huge profits for the bank. So without checking his accounts, they forwarded him even more credit lines to place more bets on their behalf. By now Leeson thought the authorities would be out to arrest him, but hey ho a lifeline to make back the losses and cover - up all his tracks. Then...
Yes, I was aware of the 8888 (can't remember how many 8's) account. Obviously a lot of characters behind the scene were not held accountable too, but if it wasn't for the earthquake the whole episode may well have been covered up without the wider world ever knowing who Nick Leeson was.
  • #6,967
  • Mar 20, 2023 8:42am Mar 20, 2023 8:42am
Quoting TimeTells
Having a cuppa now, will review all the weekend postings shortly, I hope. (edit: oh man four pages since last viewing, you guys had a busy weekend I see, cheers, but might take me a while hahaaa)
It's like this for me also, when you Night Owls ( from UK perspective) are posting over 4 pages

and it takes me all morning to catch up.

It's a Global Community for sure
It never gets easier, you just get better
  • #6,968
  • Mar 20, 2023 8:46am Mar 20, 2023 8:46am
Quoting Danger-Mouse
{quote} Yes, I was aware of the 8888 (can't remember how many 8's) account. Obviously a lot of characters behind the scene were not held accountable too, but if it wasn't for the earthquake the whole episode may well have been covered up without the wider world ever knowing who Nick Leeson was.
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It never gets easier, you just get better
  • #6,969
  • Mar 20, 2023 9:02am Mar 20, 2023 9:02am
Advantage of not being too young. But it seems the young are having a tougher time ( in the UK ) getting on the housing ladder
Times report on House prices in the UK. Note the difference between wages and house prices 1997 and now. Young people in the UK ( don't know about other countries) are having a tougher time re affordability than I did in 1997 and earlier:

https://www.thetimes.co.uk/money-men...to-rent-or-buy?
Yet affordability is still a big problem for many first-time buyers, with the average property costing 9.1 times the average person’s salary. In 1997 properties cost just 3.5 times average earnings.
That can make it even harder for tenants to save enough for a house deposit when the payments to their landlord are so high, leaving them stuck in rental properties until they can set enough money aside.
every Saint has a past. Every Sinner has a Future
  • #6,970
  • Mar 20, 2023 9:15am Mar 20, 2023 9:15am
Quoting BWilliam
{quote} No offence taken. {quote} This is a sensitive topic that members get offended and insulted. I wrote earlier, there are taboo topics that's not allowed to discuss on FF, people get offended. Don't members at least ask why not. Read the 2 separate replies, one member claim he knows, the other claim no one know. Forex traders are separated into 2 large groups. Somehow at the core, deep down most traders are naysayers. Go deep enough you find the naysayer. Just read the cheering and jeering, you know where they stand. (I wrote this in my earlier...
Could you pls guide me a little here with the H4 intend. How do you evaluate, do you need any extern indicator?
  • #6,971
  • Mar 20, 2023 9:16am Mar 20, 2023 9:16am
Quoting turnip15
Didn't trade this but marked up E/J for observation of levels prior to 8am UK time {image}

Interesting but more forward testing to do yet.
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every Saint has a past. Every Sinner has a Future
  • #6,972
  • Mar 20, 2023 9:17am Mar 20, 2023 9:17am
Quoting Shabs19
{quote} {image}
What was his FF handle ...
Mark ... Everything you have been told is a LIE
  • #6,973
  • Mar 20, 2023 9:21am Mar 20, 2023 9:21am
Quoting ntk
{quote} Could you pls guide me a little here with the H4 intend. How do you evaluate, do you need any extern indicator?
He no longer resides.
he has his own thread at:
https://www.forexfactory.com/thread/...-swing-trading

Try there.
every Saint has a past. Every Sinner has a Future
  • #6,974
  • Mar 20, 2023 9:23am Mar 20, 2023 9:23am
Quoting OAPDave
Just caught up with the latest posts Lots of really good posts packed with solid trading information post after post of really interesting thoughts ,ideas and examples what more could anyone want from a thread but Then up pops Mork & Mindy
.
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Master your Mind,,,Master the Market
  • #6,975
  • Mar 20, 2023 10:07am Mar 20, 2023 10:07am
First long failed but second long took off. ( problems posting!!!)
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every Saint has a past. Every Sinner has a Future
  • #6,976
  • Mar 20, 2023 10:23am Mar 20, 2023 10:23am
Quoting turnip15
{quote} He no longer resides. he has his own thread at: https://www.forexfactory.com/thread/...-swing-trading Try there.
thank you
  • #6,977
  • Mar 20, 2023 10:30am Mar 20, 2023 10:30am
Quoting Shabs19
{quote} Just to wind up BW et al. Divergence is classic TA with PA. This doesn't need to be with Oscillators only, it can even be with different correlated currency pairs. Warnings before the PA happens .......................... Blue lines are the price chart Highs & Lows, The Red Lines are the oscillators, such as RSI, MACD, Stochs etc. or even another correlated currency pair {image}
Exactly....just another tool in our toolbox....even though we have our trading charts we use every day, sometimes things just simply are not clear, nothing wrong with keeping the basics in mind just because the purists don't like it... for example...the first chart is from Friday, late in the NY session for 25 pips, and the current chart tells me something has to give at this point....
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  • #6,978
  • Mar 20, 2023 10:49am Mar 20, 2023 10:49am
Quoting spzd
{quote} What was his FF handle ...
He's made more money than most of us and he was bankrupt trading.

That's the secret right there, You have to write a book while in jail and get it made into a movie.
It never gets easier, you just get better
  • #6,979
  • Mar 20, 2023 10:54am Mar 20, 2023 10:54am
Quoting bluesteele
{quote} .{image}
Pam Dawber ( Mindy ) now 71 yrs old, was a beautiful actress, a real hottie.

Robin Williams ( RIP) was a great comedian , ahead of his time. Sad way to go.
It never gets easier, you just get better
  • #6,980
  • Mar 20, 2023 11:27am Mar 20, 2023 11:27am
Quoting Shabs19
{quote} He's made more money than most of us and he was bankrupt trading. That's the secret right there, You have to write a book while in jail and get it made into a movie.
He also runs a trade room and still trades the same as he did back then .. averaging down heavily... Very heavy..
He's a gambler thru n thru IMO .. I can't for the life of me see why people would pay him alot of money each month to follow his piss poor signals...

But I guess that's really nothing out of the ordinary in this business full of charlatans....
Master your Mind,,,Master the Market
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