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EDIT at da end again.... yes....& if u watched the addendum (Zeitgeist) at the end they gave rec's in what we could do....one of which was to boycot Citi, B of A & a few others....the one's of course who've been known ta continually screw us the most....cc fees, etc.
On the Obama comment...agreed....I believe he took the easy way out in seeking the advice from those who are supposed to know what they speak of....however we all know that these "Experts" come off as either they haven't a clue & or they have ulterior motives....I say both.
What Obama should have done is consult w/Main Street...NOT Wall St....after all, shouldn't any new policies that are to be put in place be there to help Main Street (NOT Wall St where the problems began) so it would stand to reason that any fixes should come from those who know just what sorta help they need.
Seems to me that any fixes that are being put in place are there to help the one's who got us all in this mess to begin with...& Obama appears to not have da kahoonas ta truly step outside da ol' perverbial box & do what is truly right on behalf of Joe D.'Plummer :0
In short....we're all screwed....Citi nationalized to the tune of 40%....count on that...maybe more...then B of A to follow....or maybe they'll force'em both ta merge a nationalize'em by at least 50-60%?
Who knows?.....but I think it's safe ta say whatever occurs....the public's best intrest is NOT in mind here....same as it ever was.
Wouldn't surprise me either ta see a few US runs on a few under the radar institutions while all this is being sorted out....one poorly timed Bonehead comment by some politician (Dodd) who knows sqaut about finance & how the mrkts operate is all it'll take.
On that note....I chickened out on one of my xau longs....took an early profit here @ 995.11...still have 1 more xau long runnin tho...will try & hold out w/that one til my 1004-05 call.
Still holdin a long aud/us that I've been doin battle w/this AM....& its' been winning all AM long...6463 is where I grabbed it...at this stage (under water by approx 27) I think I'll set my tp back to b/e & be happy if it hits.
Almost have the acct back to where I messed it all up ystrdy....sitten @ 131,789 w/ -1,952 open....the long xau & aud/us.
OK....time to go back & try ta raise a better society.....1 ankle biter @ a time ;)~
Cheers!!
Edit: Jester...on the UAE......
yes....I am facsinated by what our dependance on foreign petrol has done for thier infrastructure.....pivoting skyscrapers where the cars are parked INSIDE the condo units....thinken the units also have a coupla human flight jet packs in d'coat closet ta boot.
& now Emirates Air has non stop 777 service from SF to Dubai....13 hrs 'n 40 mins....for $1,350 each way....gotta say that's not too bad....tho I think the Burj is booked for this coming wknd :0
I gotta email today (a vid) showing all about the pivoting skyscraper....anyone wanna see it just reply w/an email addy ya dont mind usin here....I'll be happy ta share....it is truly incredible.
Edit (@ da end): Indeed....I do subscribe the inner child theory myself....not quite sure if it's just an excuse for being immature or that I actually purposley try ta stay young thru being silly much of the time.
Nettles....sorry to hear about the illnesses....I gotta tell ya tho....ever since I've been on both omega's (6 & 3's) AND various blends of the accai (Monavie & other hi OREC value accai blends) for approx 3-4 mos now I have yet to get sick...& feel like I have boatloads more sustained natural energy.
Curious to learn my latest bloodwork tests I took a few weeks back...hopin it's all helped to lower the cholesterol & lower the BP....both tend to be on the high side for me. Sux that I can't exercise (aerobicly) b/c of the back issues...a double whammy indeed. So I need all the added help I can get w/the holistic stuff. I do feel that even tho it tends to be on the pricey side, (especially decent accai w/high OREC contents) it's far cheaper in the long run than gettin sick a few times a yr...or more.
Ya know...the ol oz of prevention Rx.
& w/re to not showing your hand....as ya know....I wear it on my sleeves much of the time.....think I'd explode otherwise...lol
Edit: xau gonna bust thru 1K today....I can feel it....I'm eye'n the 1003-1004 neighborhood.
& w/back ta back Fri the 13th's it's amazing u aint hiding under your pillow these days :0
Oamr...ended up dumpin both those e/u shorts for a loss @ 1.2906....lost 143 (gulp) on position #1 & 95 on #2.
Then said Uncle & changed directions & went long @ 1.2901 & sold for a slight profit makin some back (took a fairly sig position...larger than ave at least) @ 1.2922....+21 pips...think I was done by approx 11p pacific. Of course if I woulda held thru the night I'd be back to pretty much b/e by now.....tphhhfffttt!!!
I just couldn't stomach the chance of possible nationalization news overnight prior to the NY open & didn't wanna risk havin anything open w/no SL overnight....except my long xau of course....that one I think is pretty safe to let fly w/no seatbelt in this kinda enviornment...on the demo side of course :0
Hope u fared better than I overnight.
Me too.....serves me right for tryin ta have me some pyps (Pick Your Pockets Sun) fun......tphhffftt.
Down 15K from Fri's close (& it was worse) & w/3 open positions out there now that are down another 8700+.
These are my damage control positions so hopefully they wont be addin fuel to the fire.
2 long xau's @ 994.80 & 980.64
& long aud/us @ .6463
Now if someone else gets hot....it's still very much game on w/5 days left.
& on that note....here's a sugg....kinda like a board consensus idea'r. I know there's already a site out there (furget d'name) whereby folks place there calls & they are tracked.....then if anyone else wishes, for a fee they can subscribe to those calls. I think the fee's are built into the spread where the person making the calls gets X amt of the spread back from the brokerage....or somethin like that. I know someone here will come up w/the name of this joint.
Anyway....maybe we could do somethin like this here (w/out the $$$ bein involved of course)...so if Nettles wanted to jump on Daiello's boat b/c he's always soooo hot (w/the live acct of course) then she would know what he's doin r/t or close to it.
Just pretty much do what we already do in posting our positions except try & post them as soon as ya take'em w/planned exits....& of course ya must stipulate if it's live or demo. Would be nice to follow the hot hand here in r/t. I've tried done this here from time to time w/a few others when the opp presents & it's kinda fun ta do....& @ times I even do da opposite :0
Just a thot...always tryin ta come up w/ways ta make it a lil mo'fun. Heck, if folks wanted we could even keep all the calls on 1 copy & paste page w/current position updates...how many pips they are up/down. Have 2 areas on the page..top part for open positions & below that closed positions w/final pip count could be listed.
Would be e z to stay on top of if everyone simply did their own copy & paste job...maybe someone w/a subscription acct if they wouldn't mind....wink-wink.
OK....& lookie here.....dare goes gold.....is B of A Nationalized now? lol
Oh it'll continue......
right up until it happens :0
& if his hair is perfect....
could be the werewolfe from London....Aaaaa-ooooooo draw blood!! 0
& speakin of which....decided to step oudda my usual Worn M.O. & have me a lil PYPS fun since I got some ta play 'round with I figured o wtf...y not.....so much for that idea. tried goin w/the trend (again against the Worn M.O.) & shorted the euro/us (again not a pair I usually focus on...so I guess that was my 3rd strike....tphhfftt!!!) @ 1.2763 & doubled down yet again @ 1.2806.
Freakin Moron for tryin to get cute & step oudda my comfort zone...traden so early in da week, payin the pricey spreads, goin w/the trend & if that weren't enuff playin the e/u.
Looks like I'll be startin out d'week in damage control mode.....have I said tphhhffttt yet?
OK.....since Cali now officially has an inked budget I guess I'll go begin the taxes. I usually have'em all done by now cuz we typically get a nice lil refund (usually pays for most if not all of our April prop tax installment) but since the word was...expect IOU's from the state unless the budget gets inked....so I wasn't in all that huge of a rush this yr.
Nothin like a lil tax fun on a Sun afternoon....guess that's good for one'mo tphhhffttt!!! :0
eidt: I would say it depends on your app for risk....no?
or in other words....ask yourself...just how much of those profits can you afford or would feel comfortable with losing?
if you ended up getting back to a 0% roi (b/e) would it hurt you?
edit: As for me....I would already in advance decide how much profits I will want to withdraw....& also of the capital that I do decide to leave in....how much of it will I trade with? [end edit]
By the same token I would also decide that if the acct grows by X % I would then either increase lot size & or leverage.
The ol risk/reward thingy...never an E Z ?
Like the saying goes....u should always consult your own tax advisor....or in this case....yourself ;)~
Congrats on the profits.....not many as we all know can say this..especially over such an extended period of time. That's great discipline & money management...speaks volumes for you....keep it up Sistah!! ;))
Tho from readin your posts I sure wouldn't be thinken you were in the green over this timeframe....u must be one of those who are harder on yourself than u should be....as I tend to be too....& of course I try & hide that in that over the top sarcasitc ego of mine....or is it really sarcasitc at all? :0
hehe
not my hardware.....
guess it's my turn ta post #'s...& note just how clean this one looks....no cut'n 'n past'n here.....just how it's supposed ta look....& since the lead is fairly significant...I thot it would be appropriate ta put a lil added room between #1 & the rest o'da pack :0
Display Name Number of Trades Volume of Trades (USD) Maximum Drawdown Sharpe Ratio Portfolio Return (%)
raiderdad 110 54,475,802 -23.84 0.34 164.76
Reznor 8 198,928 -0.39 0.02 0.06
nafee 0 0 0.00 6.94 0.01
Jester_Vandalay 54 6,560,414 -23.38 -0.12 -6.97
jrbscrazy 141 104,834,681 -45.76 0.17 -28.81
Jeffery 254 64 57,810,504 -28.69 -0.27 -33.23
daiello 82 10,168,187 -35.87 -0.42 -80.41
ataglance 123 59,420,979 -85.10 -0.41 -97.73
*Statistics reflect account status as of February-21-2009 03:00
But I'll tell ya what...if I end up somehow blow'n this 1 at this stage it could very well be a pic of my hardware come EOM. I would have ta think it would be the all time grand pappy choke jobs of choke jobs :0
u 2 Bud....have a good wknd & there's anudder week left....as quickly as it all dissppears it can just as easily reappear....espcially if u start playin the xau in this environment.
& I agree which ya's on the Obama front too...we haven't a choice....but some of these POS-SOB "unbiased" (cnbc)reporters need to be taken out to da woodshed & shot. Freakin partisan GOP's who just couldn't wait ta start trash'n Obama.....& dont get me wrong, it's not jus b/c it's Obama or anything like that....they'd be doin it if it were any other Dem Pres imo...at least I hope/think so.
Cheers Bud!
P.S.
Not sure how much I'll be around this wknd?...then again this is my (OT) time ta shine....lol
no matter how bad it hurts :0
edit: Longer timeframes.....indeed...this is somethin that the CaT has recently said to be very mindful of...specifically the 2 hr chart.
Happy ta hear most have done well today....& wadda day it's been thus far....I'm sure many are gonna be makin a killing on the moves that are gonna be setting up. Wadda time 2 b a 4x trader...TONZ of opps....way more than the norm imo.
Altho having said that....I think it is extra impportant to not be holding anything goin into the wknd....ya jus never know what they'll be hitten us with while the mrkts are closed these days.
So I suppose it's time ta wrap it up & close out my long aud/us here (an hr ago now as I finish this post up...lol) for a 35 piper....& wow....lookie at how every1 bailed oudda xau into the close....guess no 1 wants ta hold it (or much anything else) into the wknd.
So what's the over/under on how many banks will be nationalized this wknd? :0
edit: acct restin @ 133,240 'n change....& I'm done for the week....for real this time...lol
20K today alone if I aint mistaken....glad I bailed on the 2 xau's I had @ 103 & 105....took da loot 'n ran....fee-u.
& on the Obama thread...funny....ya can jus tell that folks like Kudlow, Santelli, et al jus couldn't wait ta start bashin Obama....pretty much since he took Oath they've been ALL OVER him....he's barely passed GO & already he's the Devil....wadda joke.
'n dare she blows.....xau north of 1K....& both tp's hit (103 & 105)....acct now at 129,249+ & workin on a long aud/us @ 6439..already up 25 or 3K.
Shapin up to be a real nice finish on the week for me.... already 10K+ on the day....not bad for a few short hrs "work."
& dem boots....careful now....looks like a TRIPLE (as in 100K roi) steel toe there :0
Well not quite 1K....I see a 999.90 ask....never did see the 1K print...maybe another brokerage other than Oanda?
& Nettles....maybe a good way to go about it all is....use Sun-Tues as your demo days.....then if you think u gotta decent handle come mid week....go for it.
Kinda like a tennis warm-up session right before a match begins & ya say...."OK, these go" ;)~
Sheesh...already 1/2 way thru my allowance on the day....time ta get back ta work I suppose.
& on that note....betcha gold breaks oudda this lil 995 channel w/in the next hr or so & goes for the retest of 1K....I'll give it a close on the week of 1005-1010.
OK....goin to da back of the class for a while & taken copius notes til the mid AM (left coast) snack bell.
Cheers!!
Yeah...especially when ya read headlines like this...
Reuters
Bank worries sink Wall Street; Citi plunges
Friday February 20, 10:07 am ET
By Ellis Mnyandu
NEW YORK (Reuters) - U.S. stocks tumbled on Friday, depressing the Dow to levels last seen more than six years ago as investors worried a financial sector rescue might involve nationalization of major banks, wiping out shareholders.
http://biz.yahoo.com/rb/090220/business_us_markets_stocks.html
{END}
& on that note....just doubled down long @ 990.62
& I look at it in the opposite light....
I use Sun-Tues ta figure out where the mrkts want to go....then by late Tues-early Wed I feel like I have 1/2 a clue as to how ta attack the rest of the week.
Kinda like bettin on football games....I typically like to make 2nd 1/2 wagers only....use the 1st 1/2 to see how everyone comes out....then again there are times when it happens to be a tale of 2 1/2's & the exact opposite occurs in the 2nd 1/2.
Guess ya never do know 4 sure.....but w/4x it seems that for the most part...how the week sets up is usually how it finishes.
& if u r lookn for the 15-20 pipers then for the most part, the big picture tends to mean squat.....it's all in the charts, eh.
OK..who else here can feel it....xau is gonna bust thru 1K before the close.
Long 994.47 for a few bux....just over 1K to 1,000.69
Since it already has teased the 1K level I think it's now poised ta walk on back thru....& maybe this time stay well above 1K for quite sometime.
Sounden like lotza folks (the bond guy on cnbc for one...lol) sure r PO'd @ da'Pres.
I don't know about anyone else but I dont have an extra remodeled bathroom that I need someone else ta pay for....& as for Jester....he's doin it all by himself I thot? ;)~
I have no real big concerns about swingen the big stick....have always felt that way since approx 3 mos into it all (approx 2 yrs ago now). It's the conservative lil bat I am trying to learn...which is what I'll be usin right oudda da gate of course.
Funny thing about 4x....the bigger bat u can swing, the higher your odds of coming out a consistent winner...as u long as u have 1/2 a clue as 2 what u r doin. Of course it's the under capitalized who need ta trade w/training wheels on all the time. Guess I just gotta wrap my head around the fact that I need to trade w/the exact opposite mentality on the live side....& that's what worries me....that way it forces me ta use my brain 'n dat sure b 1 scarry bugger of a thot :0
Happy ta hear u were in the green this week....sure dint sound like the case. Wonder what your thots would be if ya did even better? ;)~
Or do what I do....go with your gut 'n then do da opposite...lol
Well I suppose it's now finally OK ta flush bein that we now (at least here in Cail) have gotten a sig amt of rainfall over the last week + & our local resevouirs are at the 60-70% mark...AND d'Pineapple Express Door is still open for awhile longer.
So yes a few good flushes is what some of ya need.....& JRB....wtf Dude....I was lookin oh so forward to a serious neck 'n neck battle into next Fri's close. Latest figures show that ol R'dad may b a coastin into the finish line. Of course there's always the chance that someone will get lucky w/the peddle to d'metal & put it all up on a xau trade....hehe
Til then, oh well...as they say 'tiz lonely at the top
;)~
& speakin of which....those figures are a tad off...my xau hit it's tp a few mins ago at 997.57....teased 1K it did.....which is why I set the tp just a skosh under...always worried about those psych levels.
& I'm about ta get oudda the g/j long here w/a few K....teasin my tp now....so if I can manage ta stay quiet for the rest of the day (highy unlikely...lol) I should be showing a 110-115% roi.
& Nettles.....sorry to hear about the rocky week....always seems that when u r strugglin ya think....how on earth can anyone else be makin some coin w/all this? But as for me, I've come ta learn that no matter how bad u happen to be doin at any given time, there's ALWAYS someone else on d'other side of the trade.
Look at it this way...muddle thru the jungle & pay your dues & u will eventually find that Mojo again. in the meantime, go way lighter than usual until ya get your confidence back...then pounce. Typically when ya get yourself oudda a rut...u tend to be on the hot side right off the bat....so try & take advantage of that when u do find that u r gettin da ol Mojo back. How it usually works for me anyways.
OK....on that note....I'm now out of the long g/j.....acct bal @ lucky 113,675 'n change....what's that....125+% :0
Sure hope someone has a needle @ da ready.....may just need ta pop that demo ego of mine....lol
'n dare she blows....da long awaited JRB slip.....
I see where ol Raiderdad is now w/in striken distance....just gotta wait out my 2 positions here that I'm doin battle with....on the losin end now (long xau & g/j) but think it'll all work out here come far eastern session & into the London open.
At least we might have an interesting last week or so now...was gettin worried there u were gonna be puttin da JRB hammer down on me :0
flush moi......
poor que?
it aint like I ever tried hidin d'fact....what, u no likey da competition?
That's evident by your hack cut 'n pastin job....sure hope the dry wall'n came out better or else da better 1/2 is gonna be askin 4 a re-do & all of todays work will have been...say we say...flushed :0
In other news...Daiello...meant to comment on your post about my comments on UB & the dollar.....in short....since the revisit of the bottom (as in the double bottom thread) has pretty much come to fruition as I was thinken it would....I just may dare say that not only a breach of 7200 is in the cards but dare I go onta say that 6500 is in the cards & is the next stop. As for a time frame...I'll take a stab 'n go out on yet another limb here (since the limb I've been on seems to be fairly sturdy) & say 6500 by mid April....maybe even a month sooner...but I sure hope we dont see another 1K gone by the wayside so soon.
So having said that....where will the greenback go if this does indeed pan out? Me is thinken the greeny is a tad overdue fur some pain here....as for the e/u...thinken it'll be seein a bounce here fairly soon.....already testin the lows & I don't think it'll get much lower than 1.24 (if that) before it starts makin tracks back north...1.40's+
Since I'm out on the limb here I'll say 1.25ish is where it'll top (bottom) & the low ta mid 1.40's is where it'll wanna get back to. So hold onto your greenback hat & prepare ta digest....unless of course you're of a similar belief.
Worn has spoken....now dont come back til ya bring me the Witches broom....or a monkey or 2....til then....follow da xau brick road...all the way back to 1K & beyond ;)~
& it's back to the tempurpedic for me.....Oz aint feelin so mighty :0
nice touch w/da lil lip ring there....woof!!....
yeah....not gonna be sitten much in front of the monitor today....a lil sore'r than usual....even tho it was just one needle this time as opposed to 4....it was the same amt of juice in that 1 that I usually get w/4...it was just all concentrated in the hot spot this time. Not sure what I prefer....4 fairly fast 'n short injections or 1 real slow 'n long one....eeessshhh!!!
& speakin of pain....the long gold is hurtin right oudda the gate down almost 500+ pips...the long g/j is holdin its' own tho up 16...was up in the mid 20's tho.
Damn if that gold buy was pi$$ poor timing....tphhfffttt!!!
edit: L g/j @ 134.66....
doin a lil window shoppin.....lookin @ some long gold here too.....
edit: long xau @ 979.01...thinken it's on its' way to 1K....tp @ 997.90.
one of the changes in the way 4x pairs have been trading (approx 6 mos now) is that things are getting baked-in sooo much earlier....in turn making the calls that much harder when a given long anticipated news event finally does arrive.
My hunch anyways....but wow....the euro should did have a lil shake-down there w/in the last 20 mins or so....talk about a blip on the chart...lol
Now that wouldn't be a hint of desperation I'm smellin would it? :0
& jus as my 3 losers are turning into winners here...up 2,300+ now.
xau long @ 970.005
aud/us long @ 6378 &
e/j long at 113.76.....my one lil stubborn stinker that dont wanna turn green for me...it be slowly gettin there tho.
OK...off ta bed...gotta rest up for da big needles all loaded up w/da juice manana.
See ya north of the Abner...as in DOUBLEDAY!!! ;)~
Ni TZzzzzzzzzzzzzzzzzzzzz
The government's massive intervention to save the floundering economy may have opened the door to an even more unthinkable affront to capitalism: nationalizing US banks.
http://www.nydailynews.com/news/politics/2009/02/15/2009-02-15_take_over_banks_idea_has_currency.html
[END]
For all you Zeitgeist subscribers....& speakin of which....where's UB (utmostbastard) been? Been missen da doom 'n gloom conspiracy threads. Perhaps he's been busy baskin in da glow of the sky continuing ta fall upon us all :0
Must be whoopin it up w/Chick'n Lil ;)~
Banking Diddy's.....
while I sit here & watch my current 3 losers tank even more (now a collective sub $5,600 & lookin like they wanna go further south....tphhfftt!!!) I've been meanin to share these I rec'd from 2 frenz a few days ago...
Here's diddy uno......
Canada and Spain might be the future of banking.
As banks everywhere implode, get nationalized or survive by shedding assets with alacrity, the Canadian and Spanish banks are, relatively speaking, soaring. Regulatory regimes that once seemed stifling now appear enlightened, and seem to have done the trick.
The Group of 20 nations has taken notice and are looking to the Canadians and the Spanish for inspiration. Designing regulatory and risk-management systems that could prevent another financial collapse is the goal.
Canada is especially prominent on the regulatory leadership file. Tiff Macklem, the associate deputy minister of finance, was recently named the co-chairman of the G20 group, known as Working Group One, that is charged with enhancing the regulation of financial services and improving transparency. The other co-chairman is Rakesh Mohan, deputy governor of the Reserve Bank of India. Their report will be submitted to the next G20 meeting of finance ministers and central bankers, on March 14 in London, and is likely to feature prominently at the full G20 meeting in the same city in early April. “We have a lot of credibility on this file,” Mark Carney, Governor of the Bank of Canada, said after the G7 finance ministers' meeting in Rome on Saturday.
While the Canadian and Spanish regulatory systems were not officially named as models at the Rome G7 meeting, the calls for a co-ordinated regulatory overhaul are getting louder by the day. “There is a general consensus that, to overcome this crisis, we need a new rules-based strategy,” said Giulio Tremonti, Italy's Minister of Finance and the Economy. Mario Draghi, the Bank of Italy Governor, called for banks to have more capital, more reserves, greater supervision and controls on executive compensation. Christine Lagarde, France's Finance Minister, has said tougher financial regulation should be the focus of April's G20 summit.
While the Canadian banks have lost considerable amounts of stock market value – Royal Bank is down 36 per cent in six months – their strength is remarkable by global standards.
In the last four months, the Big Five banks have collectively raised about $9-billion in common equity and preferred shares. Their dividends have remained intact and their capital ratios are still comfortably above the regulatory minimum. So far, taxpayer funds have not been used to bolster them, though banking legislation has been amended to allow Ottawa to do so, if necessary.
The Spanish banking industry, dominated by Santander and smaller rival BBVA, is also in good shape by global standards.
In 2008, Santander, the biggest bank in the euro zone (the 16 countries that share the common currency), reported a profit of €8.9-billion ($14.1-billion) excluding capital gains, a 9.4-per-cent increase over the previous year.
In spite of higher levels of non-performing loans and the collapsing Spanish real estate market, Santander said earlier this month that it expects steady profits and dividends in 2009. It is one of the few banks in the world to make acquisitions since the Lehman Brothers bankruptcy in September.
Canadian and Spanish banks are generally better capitalized than others.
Canadian banks have an asset-to-capital ratio, also known as the leverage ratio, of about 20-to-1. Some of the big American and European banks have ratios twice as high.
“We should bring other banks to Canadian levels,” Mr. Carney said.
Raising capital in moribund financial markets, however, would be exceedingly difficult. The Bank of Canada has estimated American and European banks would need to raise $1.2-trillion (U.S.) to bring their leverage down to Canadian levels.
Spanish banks distinguish themselves by being forced by the regulators to save for rainy days. They were pushed into “dynamic provisioning,” in which they had to make higher-than-usual provisions during good times to protect them in bad times.
This gave the banks a countercyclical buffer. During economic downturns, Spanish banks can draw down on the surplus reserves. This reduces their need to liquidate assets or cut back on lending during tough times.
Spanish banks were also prevented from loading up off-balance-sheet vehicles (also called special purpose entities) with huge dollops of credit assets.
Creating an international set of standards to protect the banks from themselves will be difficult. The Americans typically resist “regulatory overstep” as an intrusion on their sovereignty. Some countries are in favour of tighter restrictions on their banks' leverage ratios but don't want it universally applied.
The Swiss, for instance, are exempting domestic, but not foreign, lending from higher leverage standards because they don't want to choke off loans within the country.
No one is yet talking about a global regulator, which raises the question as to who would implement and monitor any new standards.
It appears that the Financial Stability Forum (FSF), a body of central bankers, finance ministers and regulators, would propose the new rules on global standards such as bank capital ratios, while the International Monetary Fund might ensure the standards are implemented within various countries.
“The FSF has the potential to become a more formal group,” Mr. Carney said.
[END]
'n diddy dos ta follow......looks like I have more than enuff posts left over the next 6+ hrs.
jus went long there (a/u) myself.....
nibbled @ 6378....kinda risky goin agianst that chart w/the way it's lookin.....also
long e/j here @ 116.36..same thing..swimmen upstream & fighten the chart so I nibbled & jus got 1 piggy wet thus far :0
I did close everthing else out this AM (long xau & e/g)so da acct is healthy again @ 94,913 'n change after the Oanda busy server snafu last week.
Still a few G's below where I was....around the 97-98K territory I think it was.
& beg tomorrow for the next day or 2 thereafter I will be in MIA mode...or not playin all that much....epidural is scheduled so I'll be a lil sore til at least Fi or Sat.
Think I've got a good enuff pad here over the rest...& w/re to catchin JRB...at this point I think I gotta wait for him ta take a wrong turn or 2...other than that....tryin ta hit a double from here over the next 2 weeks is gonna be an awfully tall order ta fill.
Of course there's always the last day or 2 peddle to the metal strat....so I suppose my goal should be ta simply go into capital preservation mode & hope for d'best.
& speakin of which.....already down 20+ on both positions right oudda da gate.....guess I gotta go back into damage control mode b4 thinken about cap preservation....tphhhfftt!!!
Hey...anyone have any experience in starting up & managing a
501(c)(3) Non Profit Org?
Quite the encompassing ordeal it is....paperwork, setting up a BOD, etc. Would be nice to see if there's any suggs & or short cuts in getting through all the bureaucratic BS. I gotta book on it but would rather see if there's a Cliff Note version....eeesssh!!!
In my very best Col. Klink voice....
vas iz diz.....getting desperate so soon & it's barely passed da'middle of de moonth
I know nusing!! :0
Sheesh peeps....100 posts since ystrdy......sorry...no time ta catch up....but dang, it's barely Mon ya know...guess there's no patience in waiten ta make a buck....lol
& it looks like bag holdin d'long xau over the wknd was a good thing...as well as bein short e/g.....now up 14.2K 'n will ya jus lookie at the gold do it's thang here.
Shall I close'em all (3 positions...2 xau) out now & be back to approx 90K....or 10K of where I was prior to the Oanda bug?
Decisions decisions.......
T'stops w/Oanda now.....VN!!/eom
only a Mil?.....
lower'n dem expectations i c.
we should make it more interesting....specify leverage & max lot size....keep ya on a leash....now that would make it interestng ;)~
& yes, I'm as special as they come....like the Seinfeld episode w/Kramer...the 1 where Mel Torme made a guest appearance....
http://www.tv.com/seinfeld/the-jimmy/episode/2345/summary.html
Now where'd I put dat novacaine? ;)~
a e/j 'n usd/cad view......
from one of the daily mrkt subs I get...& as per usual....no real sticken of da neck out....coverin both sides of the trade...& there's really not much on the greenback/looney pr....sorry all ya Loonies ;)~
e/j
The bulls are revving up their activity for yet another showdown?
Daily (D1)
Foreboding sign(s) of sustained bullish push continues to flash on the track inspired by another round of cyclical upswing (in progress) that kicked off one and a half days ago (1.5 days of up tick that remained firm toward close of market last Friday). The pair made some headway and banged at 118.79 but lacked enough pressure to force a breakout. Until the amount of bullish Daily (D1) variations dries up, the bulls could further turn up the heat for another crack at 118.50 and 118.75/78 immediate and nearby barriers but this time going for a breach. Technically, firing on all cylinders, signature of a true breakout from 118.70s/80s is again visible and once blasted, the next wall of resistance standing taller at 119.09/13 and subsequently at 119.37/45 or 119.65/70 could brace for some barrage of bullish price action. Probable extended-bull price action is also being considered and resistances hovering at 119.85/95 are potential targets. Mind your leading indicators while this is happening because buying pressure (bullish push) may eventually and momentarily ease for some correction once it works these upper levels --- before it starts motoring up anew. You would want to swing by your H4, H1 and intra-hourly trading components (15 minutes and 5 minutes) for a close blow-by-blow fluctuation price action. On the pull back play and price fluctuation, we will touch on this in the H4 section of this advisory.
Moreover, with no interference from any negative data or unless fundamental event(s) saps the wind to the sail and puts a halt to the ongoing upsurge, the identifiable resistance areas at 120.30 to 120.50s also remain as high probable targets for a test. The upper side curvilinear envelope by the way, tag 121.70/80/90s figures as dominant resistances for the 9-Day cosine variation orthodox top (Wednesday of this week barring any fundamentals).
Long Term Weekly (W1) Outlook and Probable Trading Ranges:
Upper Side
We have in our scope 120.50/60 or thereabout as a major key resistance, but violation bring 121.65 and or 121.90 into the scene for a stopper. But penetration of 121.90s sets the stage for a test of 125.80/90 or thereabout upper territories. Major reversal is then expected to follow.
Lower Side
First bunker of support is visible at 118.05/10, but violation could gather traction and stomp at 116.30/40s. Further weakness and or breakage of 116.30s gathers more “shorts” for another ride and test of 114.35/45 next overhang with a possible tail down to 114.10/15. Catching the fall if 114.10 do not hold is 113.30s guarding the majors at 109.70/80/90 region.
Hourly (H4)
Just the same, looking through the eyes of the bulls with a lens at the hourly cyclic variation when market closed last Friday, the pair seems to have been 8th along on its hard up grind. On the average, if previous case of occurrence is taken as a rule, it is crystallized that the pair has either 2 or 4 bars more of firmness remaining. Thereby, resiliency could remain in the meantime and could take some swing at 119.09/13 or 119.30s nearby upper bounds. Yet and because of the principle of variation, there is also a stark possibility that the pair may have seen its peak last Friday or is about to, during the opening of the market in Asia and part of Europe and edge lower after that for some correction. In either case, the slide is seen to last for just about 2.5 or 3.5 bars and may cover around 160 (minimum pips) or 240 to 280 pips measuring from whatever peak it attained before the turn. Track your indicators when this comes about (edging lower) as there are emerging supports along the way that may arrest the slide and fling prices back up for some rally. (Please go to your H1 and intra hourly trading components to catch the fluctuations).
Looking through the eyes of the bears --- this time….
Daily (D1)
Underlying supports in the immediate lows of 118.16/22 (forward support guarding the 117.80/90s) should hold prices from further slippage if in case the longs don’t hold the rope tight enough. During the first few hours of trading (Asia market activity), the pair is expected to have a range of about 44 to 60 pips before the New Day Bar pops up in your daily (D1) chart window. But the breach of 117.80s pillars of support aforementioned, has the finger print of the H4 in it with its leading indicators (stochastic) having reached its tipping point. If unabated, the immediate nest down target objective, which emerges at 117.20s or thereabout, could get tested. This bearish price action may take a time period of about 1.5 to 2.25 bars with around 240 to 250 pips magnitude dip to be followed immediately by a run up of almost the same magnitude size with a slight possibility of recouping as much as 280 or 295 pips (upswing counter play).
There are pull back areas that bears close monitoring at this time as fluctuation that emerges from the short-duration trading components are busy hitting two sides of the pendulum. Indicators that are turning lower against indicators that are buoyant could clash and send prices vacillating and with some negative influx from any economic data during this period of vacillation could weaken the euro bulls and momentarily trigger a down swing. As this technical consideration prevails, the easiness as mentioned may get some added push from fundamental news and the bears could force prices to slip through the crack. With enough momentum, storming the low region of 116.50/55, 116.38/43 or 116.20s cannot be ruled out.
The heat is on….
But weighing all possibilities technically, the ripple effect of the bullish Daily cycles (the synchronization of 8-Day Sine and 9-Day Cosine waves) is spilling over onto the rest of the shorter duration components like the H4 and H1 as well as to the intra-hourly short-duration components. In light of this (bullish D1 cyclical pattern), the possibility of a major and early turn around (down trend) against the ongoing up trend, is unlikely and or minimized until the maturity and completion of its bullish cyclic pattern. But for the record and prognosis purposes and in case there is a big change in technical outlook that we may have overlooked, let me just share with you the viable support figures that remains identifiable at 116.04/08; 115.90s; and 115.40/60s.
Dollar/Loonie
The Daily chart outlook is still downhill and the skid could continue for a minimum of 2.5 days to a maximum of 4.0 days subject to update. But as it is, the pair is eyeing its first ideal support sited at 1.2230/40s for a nominal magnitude size support. Next is 1.2130s for a 415-pip drop. The next support lies in the vicinity of 1.1930s for a 610-pip slide. The major lower side support where it may nest down for a soft landing emerges at 1.1820s for a 730-pip drop.
On the other hand, chances of buoyant price action, but is not highly expected at this time unless there is a substantial change in the fundamentals, would have 1.2360s for initial barrier. Intervening resistances at 1.2430s awaits the bulls for some showdown but again if violated could catapult prices into the upper ceiling boundary of 1.2630s and this is the gate to 1.3100/1.3120 if likewise blasted.
Hey....if I recall....aren't those kinda #'s pretty much your contest ave? ie..balls to da wall 'n peddle to da metal ;)~
Same for me (& every1 else I assume).....those #'s don't even remotely reflect our collective ave performances......we'd all be toast trading live as such.
It's just fun ta see who can swing the big bats, how well & for how long.
& of course the smack talkin....& speakin of which....so was no 1 else gettin the irratic "busy" sig from Oanda when tryin ta log in last week....from approx Wed PM to Fri AM? They must have me on 1 of their "special" servers.....tphhhffttt!!! :0
It's finally rainen pretty good (well pretty good by Cali standards) out here....most would call it a fairly steady drizzle for the last 12 hrs or so....lol Anyway....the forecast is for more of the same through at least manana. So w/our spolied fun in the sun outdoor ankle biters who're already gettin a tocuh of cabin fever.....we got cornered ystrdy into agreein ta take'em to Chuck E Cheese's this AM. We figured if we get there on the early side it would serve 4 purposes
1) get them off our backs as early as possible
2) it wont be nearly as busy as it would be come lunch time....hopefully we'll have the place all to ourselves when they open around 9a
3) hopefully the event will wipe'em out so much that we can have a relatively calm afternoon thereafter..not likely but I can dream.
&
4) getting there on d'early side means the place will be as clean as it's gonna be....never a good idea ta walk into a Chucky's as they're gettin into prime time...especially in da winter X when all dem wonderful ankle biter germs are partying like it's 1999 :0
Guess we can thank one of the 1st graders classroom friends whose parents decided that it would be a great idea ta hand out Chucky E. Cheese Valentines Cards that just so happened ta have a coupon on it for 10 free game tokens when ya buy 20. So in return I'm thinken of puttin our free Disneyland DVD travel video we ordered when planning our trip last summer to visit Mickey in their mail box. Of course I'm gonna wrap it up all nice like a lil Valentines card/gift & address it to their kids....touche ala Worn ;)~
Wish me luck.....now where'd I put those wipes?
Cap'n Sully's da Man!!
Here ya go Nettles...
Sharpe ratio: This is often regarded as a measure of risk to reward and attempts to quantify how much risk a user assumes to make their gains. This is measured as the ratio of the average interest free return as compared to the standard deviation of the interest free return. Return periods are delimited by the times when contest statistics are computed
https://fx2.oanda.com/mod_perl/fxcontest/fxcontest.pl?rm=help
Edit: thinekn about addin a sig to the bottom of all my posts.....standings currently under a booth review...I should be a little more than DOUBLE of where I am now....tphhfftt!!!
where's Jeff Goldblum when ya need'em? ;)~
& in the event any1 dint happen ta catch the ref.....
http://www.imdb.com/title/tt0091064/
battin down da hatches here in Nor Cal.....1st real series of "storms" makin their way in tonight & for the next few days....gonna force dem lil wings ta flap extra hard tryin ta get airborne.
"conquering the likes of you gentlemen is enough for me"
u sure dont set lofty goals fur yourself there.
& Jester....betcha come Tues open you'll be infected w/sooo many bug bites u wish u had bought a case of OFF from Costco!
Stim vote comin up here in a few....thinken gold should continue trend'n north from here on out....back to 1K seems very doable.
Just simply take a screen shot of your acct page every day or there abouts.....we'll place ya wherever ya belong....aint no big-e as far as I am concerned....tho I suppose ya gotta get the big cheese's official paws up for that one.
But that's how I did my 1st comp that I had a lil trouble gettin onboard with....just posted my bals each eve.....E Z. Dont really matter if u r actually on the Comp page itself.