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OK, here is a re-post of the longer term chart...
Here is my 'OK to buy long term' chart, not there yet...
If history repeats then the SPX is in a trading range for the next three or four months. Then down to the final low.
No, thanks for the heads up Ed...
FPJ, are you following UNG?
Higher daily low on large volume. Could be a great long term play on a devalued dollar / future inflation.
I got the idea from hedgehawk at TT. Wouldn't that be something if we were looking at the bottom of a bowl?
Morning Frenchee,
I thanked him too :) But I thanked you because you were going to help me out if Generic didn't get to it. Besides, you generously shared your charts all this time.
Loren
Thanks goes to Generic.
GL!
Hi Frenchee, It looks they will reinstall your old charts on Ibox. Yay!!! Thank you.
Loren
Hi Frenchee,
Yes, if all possible, could you please also include the slow STO, MACD, URE and the bollinger bands for the 30 minutes and the daily?
I guess the same 30min, daily and weekly charts that you had on the SRS board. Thank you.
P.S I guess those charts didn't just help me. Obviously they helped other traders too because people are asking for your charts to be reinstated back in SRS IBox. Thanks again Frenchee.
Loren
30 min and the daily?
Hi Frenchee,
Please, Would you please post your charts especially the 30 minutes and the Slo STO one of SRS? The new moderator of the SRS board took down your charts. These 2 charts have been helping me trade SRS and it has been helping me making money to pay for my college tuitions. :(
Loren
WOW!
Very inspirational, great fot this Memorial weekend.
thanks Ray; i did like!
Happy to answer your question...
YES ! Don is updating his chart.
Like your board and book marked it too.
I also have a FAZ position along with TZA. Still holding GERN and ACTC.
Hi Loren--
The charts will be up on the SRS board until the new mod deletes them. When that happens and you still want to access the charts, provide me a nudge and I'll put them into a message in this board.
Glad the charts help you make some $$$$.
See ya,
--frenchee
Hi Frenchee, for some unknow reaso, SRS board said it needs a moderator? I hope you will still be the SRS board moderator because your charts really help me to make some money.
Diem
Initial target is top of the Bollinger Bands on a daily chart. See below...
Good morning Frenchee,
Me too. I bought some of both before the close yesterday. Faz is at the bottom of the channel so I took the chance. What is your target for FAZ?
Loren
Completed a full position in FAZ today.
Current holdings are FAZ and SRS.
good choices should both be ready to run North
Thanks Frenchee! Good luck this week - think our pullback may finally be coming....
Online Currency-Trading Sites Multiply
By THERESA W. CAREY
IF YOU LIKE TRADING ON VOLATILITY, THERE IS nothing quite like the forex market.
It is open 24 hours a day, five days a week, and the players range from global banks to individuals. The daily volume is well over $3 trillion, according to the Bank for International Settlements. Despite its gargantuan size, the market isn't tightly regulated, and traders can use lots of leverage, which poses benefits and dangers. There is no central exchange; the market moves from one country to another. As Tokyo is closing, for example, London is opening.
Among the 25 firms we evaluated for our annual Best Online Broker review, published on March 16, E*Trade, Interactive Brokers, MB Trading, thinkorswim and TradeStation all come with some kind of built-in forex- trading system. OptionsXpress and TradeKing have enabled currency futures trading, and customers of SiebertNet can place forex trades through a live broker.
Last week, Zecco (www.zecco.com) announced it is partnering with the forex trading firm GAIN Capital (www.gaincapital.com) to launch Zecco Forex. "Today's volatile forex markets have created an attractive and complementary opportunity for our investors," said Jeroen Veth, CEO of Zecco Holdings. "Zecco Forex provides them access to another asset class where they can make trades independent of overall equity-market direction."
ZECCO'S FOREX OFFERING (www.zecco.com/forex) is a separate legal entity from its regular platform, so customers must sign up for a separate account. In time, however, the firm plans to integrate the two platforms into a single display, but that isn't likely to happen until next year, according to Zecco spokesman Gabriel Dalporto.
When you arrive at Zecco's forex site, you will find some educational content, as well as an opportunity to sign up for a practice account with $50,000 to start. The practice account lets you play with the analytical tools in the GAIN Capital platform and gives you a feel for how forex trading works. The account includes real-time quotes and charts, along with all the trading tools and information available to Zecco Forex customers. These tools include single and contingent order types, a real-time newsfeed and market commentary, plus daily and weekly research.
Should you decide to take the leap to trading with your own money, you can sign up for either a mini account, with a minimum deposit of $250, or a standard account, with $2,500. Those who deposit $10,000 or more can use a more advanced trading platform. The Java-based downloadable trading platform, ForexTrader Desktop, runs only on Windows, while the more advanced ForexTrader Web can be used by those with Macs and the Safari browser.
Most forex brokers don't charge explicit commissions; they tack on a fee to the price paid for the trade. Zecco's spreads are in line with what most of its rivals charge; a list can be found at http://www.zecco.com/forex/trade-pricing.html.
A key component of forex trading is leverage. Yes, stock and option traders can employ leverage by trading on margin. But their use of margin is minuscule, compared with that often found in foreign-exchange trades. You can utilize leverage of as much as 200 times the size of your account, so with just $500, you can hold $100,000 of currencies. With high leverage, however, comes much greater risk. It is imperative to stay on top of all your open transactions to avoid a huge margin call. Failure to use leverage prudently can be disastrous, as Lehman Brothers, Bear Stearns and thousands of no-down-payment home buyers found out.
Zecco Forex's offering lets customers trade in 37 currency pairs, though most of the action is in just a few currencies (primarily the U.S. dollar, Japanese yen, euro and British pound). The Zecco community is starting to see action in its newly launched Forex section, so you can discuss your strategies with other traders.
FIDELITY'S FIXED-INCOME AUTO-ROLL program (www.fidelity.com) went live at the end of March. It allows customers to automatically reinvest the principal of their matured new-issue U.S. Treasury bills, notes and FDIC-insured certificates of deposit into similar new-issue instruments. The goal is to make it easier for customers to remain fully invested and leave less cash on the sidelines.
The Auto Roll Program's methodology takes into consideration the original instrument's security type, size, term to maturity and coupon frequency when locating a new purchase. Customers can verify that the pending trade matches their objectives through a Fidelity e-mail alert. If they decide not to reinvest, there is an option to cancel the trade.
Auto Roll is available for new-issue Treasuries and certificates of deposit with a term to maturity of five years or less. If a Treasury or CD that matches the original investment isn't found, Fidelity will alert the customer and move the principal of the mature instrument to the default cash position in his or her brokerage account.
NOTES ON SWITCHING ACCOUNTS: In response to our March 23 "How To Switch Brokers Painlessly" column, Steve Sanders, vice president at Interactive Brokers (www.interactivebrokers.com), tells us that there is a sister system to the Automated Customer-Account Transfer System, or ACAT, used by many firms. Called the Currency and Banking Retrieval System, it passes lot and cost-basis information from one broker to another. Adds Sanders: "It is up to the discretion of the broker to use this system. [Interactive Brokers] makes full use of this system, whenever the ACAT transfer broker also makes use of this system."
Bought SRS this a.m.
Current holdings are cash, FAZ, and SRS.
Thanks.
Got my stop tight in case the Market-to-Market decision is embraced by Ms. Market.
Hope things are going well for you SherriT!
You are just milking the devil out of that one, aren't you? That and FAS.... nicely done!
Bought FAZ near the close this afternoon.
Current holdings are cash & FAZ.
Sold FAZ near the open.
Current holding is cash.
Well, knowing how these 3Xs fade, I like to be conservative, so I'll be happy with the top of the 23Mar gap at 33.
Thanks, Frenchee....jj
Hello jj,
Your target seem reasonable to me.
I'm looking for a little more toward the 18-day price MA before significant resistance.
Hi Frenchee,
Back in FAZ, also. I'm looking to about 33 at the top of the 23 March gap which would be a 50% regression to the 17 March interim top of 45.02. Whatcha' think?
tia
jj
i'm holding FAZ also.
Thursday FASB meets. kind of scary being long FAZ here with m2m changes. they will do anything to keep the banks up.
Here they admit to working on new fuzzy math accounting to inflate bank profits as their agenda.
Mark-to-Market Lobby Buoys Bank Profits 20% as FASB May Say Yes
http://www.bloomberg.com/apps/news?pid=email_en&refer=india&sid=awSxPMGzDW38
Sold FAS a few minutes ago and bought FAZ.
Current holdings are cash and FAZ.
Sold FAZ in the p.m. session today and bought FAS with the proceeds.
Current holdings are cash and FAS.
Smart play....it will make you money I am sure of it.
Bought FAZ at the end of the regular session this afternoon.
Current holdings are cash and FAZ.
ERX is my favorite long-term ETF. PHO is second...
I'm taking it very slow and very easy. It seems more suited to my style of trading....at least for now. I would love to build a solid base and load up on some equities for the long term. Stay in touch!
Hi SherrT, nice to hear from ya.
Hope the FOREX is treating you well. I'm going to have to learn FOREX market someday.
Hi Frenchee! Sounds like you are doing wonderfully! Glad to see it!
Will sell SPY at the end of the day and sold PHO.
Current holdings are cash.
Sold FAZ and EFA this afternoon. FAZ was a boo-boo...
Current holdings: PHO, SPY, and cash.
Got SPY and EFA yesterday and FAZ late this afternoon. In addition, sold PBW today.
Current holdings: PHO, SPY, EFA, and FAZ.
Got stopped out of FAS--a bull trap.
Current holdings: PHO, PBW, and cash.
Got stopped out of GU and bought FAS.
Current holdings: PHO, PBW, FAS, and cash.
Bought PBW and GU today.
Current holdings: PHO, PBW, GU, and cash.
What a day. Got stopped out of SPY, EFA, and DXO this afternoon.
Current holdings: PHO and cash.
Bought DXO this a.m.
Current holdings: SPY, EFA, PHO, and DXO.
Buying SPY and EFA at the close this afternoon.
Current holdings: SPY, EFA, PHO, and cash.
Sold FAZ this this morning.
Current holdings: PHO and cash.
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