BuddyPish

1 hour ago, Cameroni said:

 

 

 

This is what truly successful traders try to do, to understand fundamentals in a way that allows them to predict what will happen. They then place trades based on that plan. They hold those trades for a long time. They are not day traders.

 

 

Precisely, they are not daytraders

They don't pay mind to the daily fluctuations like I do . . . but those daily fluctuations are what determine the exchange rate between currencies holidaymakers, expats, exporters, importers and everyone else pay or receive.

57 minutes ago, Cameroni said:

 

Exactly this, some traders only rely on technicals and can have a measure of success for some time. However, truly successful traders don't just rely on technicals.

 

Take one of the most famous Forex trades of all time, when George Soros broke the bank of England. Soros did not just use technicals, rather he understood the fundamentals, that the British government would not be able to defend the pound and went on a gigantic short of the Pound.

 

This would not have been possible with mere chart analsysis.

That's a reasonable argument but Soros wasn't your run-of-the-mill currency trader. The ERM Norman Lamont was trying to keep sterling in was a construct; it wasn't something related to fundamentals like the UK's GDP or inflation. 

It's also worth remembering that back then, the Bank of England wasn't independent.

At that time, the Chancellor of the Exchequer set interest rates for political reasons as much as for economic ones.

10 hours ago, swissie said:

I partially agree. "pivot points" are of interest.

All technical indicators are in "ouverbought" territory. I don't need any algorism to tell me that. It won't be long and all technical indicators will be in "oversold territory". What tells your "algorism" to you, that my standart technical indicators don't tell me?

Warren Buffet is famous. You are not. Why not?

 

Warren Buffett isn't a "trader". He's a long-term investor.

As for your indicators, those things are crutches.

They mathematically crunch old data and spit out an overbought or oversold value.
Most of the time, they're inaccurate
 

1 hour ago, Cameroni said:

 

That's nonsense. No competent trader relies solely on technical trading, rather successful forex traders rely on both technical and fundamental info.

 

Obviously I'm not talking about algorithmic trading without humans.

I trade forex and futures successfully; fundamentals don't figure in my trading and that of many of my peers; well, not in the way you're thinking at any rate. 

The surges up or down in price that can be seen after high impact news (the "fundamentals") like CPI, NFP, FOMC etc are all caused by manual manipulation of that algorithm by people you'll never see on CNBC or Bloomberg and they move the market to levels where it's advantageous for them to either accumulate new positions or to distribute positions they already hold. Once they're done, the algorithm goes back to doing what it does - running highs and lows and repricing to old inefficiencies.

Almost everyone thinks the markets move on news but it's the other way round; the news is fabricated to fit what the market has already done. 

The news we read the morning after big market moves is just the opinion of well-known talking heads because the public want an explanation. For example, if there's a 600 point plunge in the Dow Jones, people like Goldman Sachs or JP Morgan will opine "It's because investors are worried about the prospect of a recession" or "Speculators trimmed bets on the likelihood of a 50 basis points cut in the Fed Funds rate" but that has nothing to do with it. In actual fact, the market has simply reached a pivotal technical level and repriced aggressively.

6 minutes ago, maesariang said:

That is not true. Some trade on fundamentals, some on technicals.

I'm not going to argue the point; it's a rabbit hole 

19 hours ago, Patong2021 said:

 

Your position is based upon gold having a fixed supply. As has been pointed out,  supply and demand  is a major  factor in determining a commodity's value. Australia and Russia have the largest  gold reserves in the  ground (about 2/3 of the worlds unmined reserves),  If they so wanted either one of them could flood the market and crash the value of cold.  The US holds the largest gold reserves in the world, and if it wanted could release some gold and manipulate the  price of gold.  I offer that the value of gold is  inflated through manipulation. It is not as bad as the ridiculously false high value of diamonds, but it is there.

 

Some countries do not bother with gold reserves. It's an expense to hold and to store and for what? Gold is only one commodity. Canada does not have gold  reserves, although it has  about 6% of unmined world reserves. Its reasoning is sound. The country holds US$10+ billion in  foreign exchange reserves, consisting of a diverse number of foreign currencies. Canada also holds massive commodity reserves in oil & gas, lumber, minerals, water, food and power generation. The  Canadian government holds billions of assets in financial instruments that are used to  respond to market pressures. Gold is one single commodity. A basket of diverse valuable commodities spreads risk and is far better to respond to catastrophic  incidents. You can't eat gold, but you  will need electricity and   petro products to operate, and you will need potash to grow crops, fish to eat and lumber to build with etc. Modern wars are more likely to be fought over food, water and energy. They are not fought over gold.

 

 

 The Fed has repeatedly refused to allow an audit of its gold reserves, because it doesn't have them. The Fed has been using bullion bank proxies to manipulate gold prices for decades via naked shortselling on the COMEX. There are some seriously in-depth explanations online.

China has the largest reserves.
It's the largest producer in the world and it doesn't export and single ounce.
It's official reserves are considered laughably understated.
I wouldn't be surprised if it one day announced it has 20,000 tons of the stuff

On 9/6/2024 at 2:39 PM, Cameroni said:

 

If you want to know what people don't know about economics, you ask an economist. If you want to know how the economies of the world actually work you ask a FOREX trader. 

 

You can't trade Forex, unless you have an excedllent understanding of the fundamental underlying economic factors that affect currencies. 

 

 

Sorry but I'm afraid that's not true.
Forex traders trade solely on indicator-based technicals - most have no idea why price is doing what it's doing and even less understanding of economics.

The market is run by a highly sophisticated AI-controlled algorithm and it only moves up and down to absorb liquidity above old highs and below old lows and to rebalance inefficiencies in how price was delivered. When it's not doing that, it's trading sideways going nowhere.

On 8/28/2024 at 9:32 PM, swissie said:

"Naked short selling" is common on all futures exchange products. The short sellers are the future buyers, as they will (sooner or later) have to buy back their "shorts". Therefore, only short term effects resulting from this practice.

 

LOL, wrong.
If the effects were short term, gold wouldn't be so grossly undervalued.

On 8/24/2024 at 8:25 PM, swissie said:

When even in non financial newspapers the price of Gold makes the headlines, a bit of caution is advisable.

Also: For decades, Gold was recommended as part of a portfolio (safe harbor, offsetting losses in other equities). Gold has a life of it's own, in the past as well as today. Especially today, as Gold follows other equities like a good dog follows his master.

So, the concept that Gold would "offset" the losses in an other playing field is in question.

Explainable by the current concept of eighter "risk on" (buy everything) or "risk off" (sell everything).

PS: If your life expenctancy is more the 10 years, this should not stop you from buying Gold. If your life expenctancy is less then 10 years, I recommend that you spend your money on "wine, women and song".

 

It doesn't have "a life of its own". 
It's the most manipulated market in the world with bullion banks engaging in routine and massive naked short-selling of paper contracts on the COMEX to suppress the price on behalf of the Federal Reserve.
Gold ought to be well over $20,000 an ounce but if it was then the dollar would likely not exist as a reserve currency.

Gold is the anti-dollar
China is the world's largest producer and it doesn't export a single ounce. 
It's also one of, if not the, largest importer of gold too.

The Federal Reserve has repeatedly refused to allow an inventory of the 8,000 tons of gold it's supposed to hold in Fort Knox, most likely because it doesn't have it any more - it's mostly been leased out to help suppress the price. 

On 8/4/2024 at 2:15 PM, Chivas said:

 

Clueless

 

Countries "buying" their own currences on FOREX markets is not "manipulation" per se

 

There is a lot of utter shight on this thread to date !

 

Again so many thinking that every currency has a "direct" exchange rate with the Thai Baht.....only the USD (as the worlds Reserve currency) has that priviledge (with every worldwide currency).....never in my last 19 years on this forum has a "pinned" post been more necessary over foreign exchange

 

The rest of us have to make do with a two pairing number crunch and either pairing effects the bottom line

Sorry but I'm afraid YOU are the clueless one . . . . probably because you've spent 19 years on this forum.

Of course it's manipulation. 
When the yen gets too weak, the BoJ steps in and sells dollars to buy up yen to arrest the decline.

That intervention IS manipulation.

Now you might take issue with the use of that word but that's of no consequence to the market or its participants.

You can call it what you like but it is what it is.

28 minutes ago, Pouatchee said:

 

normally no one cares. the exception is know-it-alls like the guy i called a copy cat. this guy thinks that if foreigners are worried about the western currencies losing ground then said foreigners are too poor to be in thailand and should stay home. 

 

 

Boo Hoo

19 hours ago, Sticky Rice Balls said:

enjoys last bite of steak....stocks up on mama cups....sticky rice awaits...minus nam prik

You joke but there are many migrants who live here on 15k a month.

Just wait until the authorities here decide to raise the financial requirement to qualify for a long-term visa/extension like retirement or marriage.

1 hour ago, Pouatchee said:

 

still trolling on about this? from what i can see you arent very respected here... and yes... the number of posts you make and your reputation here by the stats reveals much about you. i still think you are a baiting loser who can pack all his things in a carry-on suitcase. 

You can think what you like and continue with the insults; it only serves to highlight what kind of person you are.
Now off you go and cry some more about exchange rates.

Maybe being "respected" on a forum of curmudgeons is all the validation someone in your position can get so, by all means, revel in it. 
Most would say it's pretty pathetic and that you should get a life; ANY kind of life

On 7/20/2024 at 3:03 PM, Pouatchee said:

 

what do you care? you are rich? you dont need to exchange money?

and no, i dont live comfortably with the exchange rate. are you posh?

I didn't say I cared because obviously I don't but I do think it's a bit selfish and inconsiderate to hope for the baht to collapse just so you can stretch your pension. It's not Thailand's fault you have to live on a shoestring, is it?

When are people like you going to face facts?
Thailand isn't a retirement home for poor westerners.
It doesn't set the exchange rate with whatever currency your income is denominated in; the market does.

19 hours ago, Pouatchee said:

right now thai bht starting to do better... i hope clown face puts the final nail in the casket for the bht with his hair brain scheme.

 

 

Whenever I read sentiments like this, I assume that the author is having difficulty living comfortably with the exchange rate. 

5 minutes ago, Korat Kiwi said:

Oh why do you say that...

 

  Are you the resident finger pointer? 

 

  Naturally as I'm born white I therefore must be racist? 

 

Yawn 

Nothing to do with you being born white.

It's the crap coming out of your mouth; suggesting that people from the UK without English-sounding names have a greater disposition towards criminality than those with.

An asinine notion since people with English names are responsible for some of the most heinous crimes here in Thailand.

2 hours ago, hotchilli said:

Brits have almost been bred out of Blighty.

Yes they're all here fiddling with children or dealing gear in Krabi and Phuket or punching out septuagenarian security guards trying to help them

3 hours ago, sungod said:

Nice post, completely off topic if you are replying to me.

 

I made no reference to ethnicity, so please take your 'disgust' somewhere.

Oh excuse me but what else were you referring to when you quipped "excellent examples of the UK immigration system"??

 

On 7/13/2024 at 3:05 PM, msbkk said:

Not really. The real Thai version is Talafil made by Millimed company. Apcalis is an Indian product and not registered in Thailand. I can confirm that Talafil works very well, for me Apcalis does not have the same effect. 

Nitpick much?
Who cares if it's registered in Thailand?
If it doesn't do it for you, fine; use whatever floats your boat but whenever I've asked for "generic Cialis", I've never been offered "Talafil".

Frankly, I'd sooner trust pharma from India than Thailand but YMMV

On 7/8/2024 at 11:23 AM, kiteman9 said:

Hi there,

I saw your post about considering surgery for your enlarged prostate. While I can't speak to your exact situation, I wanted to share my own experience. I decided not to go on medication when I was diagnosed with an enlarged prostate. Instead, I focused on making significant changes to my lifestyle.

I started walking over 10,000 steps a day and adopted a healthier diet. This approach has worked wonders for me. I went from needing to go to the bathroom every hour to just a few times a night.

It’s frustrating that doctors often don't emphasize lifestyle changes, but regular exercise and a balanced diet made a huge difference for me. Before opting for surgery, you might want to try incorporating more physical activity and making dietary changes. These could potentially reduce your symptoms and improve your overall health without the need for more medication.

Wishing you the best of luck with whatever path you choose, and I hope your pill-popping days come to an end soon!

"Just a few times a night" might be bearable for you but I'd think that most men would regard that frequency as something of a nightmare. 

Lifestyle changes were irrelevant for me since I was already a gymrat, going 5 times a week, taking various herbal supplements like pygeum and prescription meds like "Urief" and Cialis.

After 4 months of intermittent self catheterization, I couldn't stand it any longer. Got a consultation, chose Rezum and was legs akimbo on the stirrups 10 days later. Woke up with a Foley catheter which I kept in for 2 weeks (the worst aspect of the entire ordeal) but since then, it's been voiding bliss.

Forceful flow, no retention, no ED, full ejaculatory function, wake up once a night to relieve myself, 6 hours after head hitting the pillow.

It'll be 2 years post-op in September and I couldn't be happier with it.