Comment by Peter jcp on March 5, 2013 at 6:17am

Good Morning Keith - I have thought the same many many times;-)) - I mean we all know Bulls love red ( in bull fighting they are attracted to the red cape or muleta ) - so bulls should be attracted to the red direction of price candles falling - ie Bulls should be sellers ( I think bulls are really colour blind though;-) )

So if we have the bulls replacing the bears - for price falling - going down - what animal do we have for price rising and going up - thats easy - some animal that flys - and the perfect one would be an eagle or a Golden Eagle.

Conclusion - my new terminology would be Golden - for price rising - ie Golden Eaglesh

and for price falling - Bullish after the bulls chasing  red candles falling.

Just in case that is confusing for a change and if you think then the animal Bull should be forgotten about - then an alternative animal for down - would be a .......Mole - they love dropping below the ground and going down  -

So Golden Eagle - for a buy - price going up - Golden Eaglesh

and Mole - for a sell and price going down - Molesh

I think we should start the change and use this new animal language from now - and start a new craze - and then only traders in the "know" will understand our forecast ;-))

Have a great day - and will the EU be Golden or Molesh ???

Regards 

Peter

Comment by Haitham653 on March 5, 2013 at 7:04am

Hi Keith..

Simply....

Bulls attack (gore) from bottom to top,the bull usually lower its head before attacking!!

In the forex market buyers attack from bottom to top exactly as bulls..

Bears attack - hit - from top to bottom , the bear usually raises up its hand before attacking ..

In the forex market sellers attack from top to bottom exactly as bears..

This is why they choose these 2 animals..

Comment by Peter jcp on March 5, 2013 at 7:08am

Actually that makes sense Haitham - and is a good reason ;-)) - have a good day 

Comment by Haitham653 on March 5, 2013 at 7:33am

Yes Peter..

For this reason they say...

Be a bull or a bear but don't be a sheep !!

The secret behind this saying: the trend is your friend !!

Those who trade against the trend (Sheep) usually get killed by bulls or bears !!

Comment by Peter jcp on March 5, 2013 at 7:38am

It's all making sense now  - now as a scalper - I am a vulture - just looking for the meat and bones of any animal left ;-)

Comment by Indy on March 5, 2013 at 8:07am

Hi Peter

I always think of the Remora, (I think thats it name), the little fish that follow the sharks sucking up the crumbs that get left behind.

regards

Indy

Comment by Peter jcp on March 5, 2013 at 8:39am

I know the one Indy - yes - would agree I am the very little fish following the Sharks and the Whales - they play with millions and billions - I just want a few thousands they hopefully will not miss ;-))

Comment by Keith Shaw on March 5, 2013 at 10:24am

Hi Haitham,

Thanks for pointing this out,  i'm sure many people are unaware of the origin of these two expressions (Bull & Bear)  that are used to describe the markets.

Investopedia Definition:

The terms "bear" and "bull" are thought to derive from the way in which each animal attacks its opponents. That is, a bull will thrust its horns up into the air, while a bear will swipe down. These actions were then related metaphorically to the movement of a market: if the trend was up, it was considered a bull market; if the trend was down, it was a bear market.

Historically, the middlemen in the sale of bearskins would sell skins they had yet to receive. As such, they would speculate on the future purchase price of these skins from the trappers, hoping they would drop. The trappers would profit from a spread - the difference between the cost price and the selling price. These middlemen became known as "bears", short for bearskin jobbers, and the term stuck for describing a downturn in the market. Conversely, because bears and bulls were widely considered to be opposites due to the once-popular blood sport of bull-and-bear fights, the term bull stands as the opposite of bears.

Let's talk about the other animals on the Forex Farm ;)

You've already mentioned the sheep, now what happens to them ?  "But I was like a gentle lamb led to the slaughter; And I did not know that they had devised plots against me "

And what about the 'SHEEPLE' , that follow in Blind Faith, because thinking for them selves is Hard Work. With that been said i'm sure we have all been led astray by shepherds at one time or another.

We can't forget the wolf  " Beware of false prophets, which come to you in sheep's clothing, but inwardly they are ravening wolves "

Then there are the PIIGS

You gotta feel for the poor PIIGS, in the financial markets the bulls make money, the bears make money and the pigs get slaughtered . . .

Watch out for the sharks, as Indy mentions the sucker fish (remora) have worked out a sensible strategy . . . (think the PIIGS have done the same . . . )

Then we have the real BEASTS  the Killer Whales (To Big To Fail)

The croocked vulture also wants a piece of the forex pie and will patiently wait for its turn.

@Peter I can roll with the new animal language, now instead of BS we have MS ;)

So that's Bulls, Bears, Sheep, Sheeple, Wolves, PIIGS, Eagles, Moles, Whales, Sharks ,Sucker Fish and Vultures on the FOREX FARM, are there any creatures we have left out  ?

Regards

Keith ;)

Comment by Peter jcp on March 5, 2013 at 10:44am

;-)) - are you feeling Golden or Molesh than Keith - we forget not to mention a very important creature - the Piranha  - there are a lot of those in this market - just waiting to eat you alive ;-))

Comment by Sir Gissachance on March 5, 2013 at 8:59pm

Hi Keith,

Bull Horns Point Up verses Bear Claws Point Down. Sorry to put this in only nine words but a stitch in time saves nine : 0 )

You missed out ForeXmospherian Cat,  BFTE, Quacks, Market Horses and Rabbits.

Best Regards,

Sir Gissachance (PPND)

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