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Euro taken off....
70 pips vs the usd in the last hr....wut-up?
any #'s come out ta support this recent lil run?
A house of cards....good way ta put it all....
Our underlying banking structure is not all that sound right now....it's broke & it needs fixen ASAP!
Sounds like you've spent some time focusing on China.....some real insightful comments there.....so it sounds like the Red Army is much like our FMOC in the way the money flows.
As far as the shortage of women over there goes....a double edge sword I suppose....gotta control that population somehow....it's been oudda control for way too long now putting an eventual strain on the rest of the globe....not to mention all the pollution.
It's all related....so there's no digression or need to apologize....
jus 1 comment & I'm done....
you said "China is mostly hype and accounting tricks, much more like the Soviet Union"
& then the very sentence you added "The current recession is very mild. The fact that it is seen as some sort of big deal is nothing more than a testiment to how good we've gotten at manipulating the economy."
So is there any real diff between hype & acct tricks & being good at manipulating the econ? Aren't you in essence saying the same about the US & China, et al?
& on that note....as we've seen w/the equities (Enron, etc.) manipulating & tricks will eventually need to be dealt with & paid for....it's just that w/the currencies it's all a lil easier to figure out...not as much hiding can be done...& even lil hiding is soon exposed in 4x.
W/re to the doomsayers, etc....agreed....I hope I am not coming across as one here...I just happen to believe that those who come across w/rose colored glasses on w/re to the econ have been wrong so far (those that feel we are not in a recession) & those who've been in caution mode have been more spot on....by far....& that's not ta say they are doomsayers either.
I think that if we weren't in an election yr, the econ would be doing much worse & this recession would be steeper & further along....which speaks directly to your manipulation comment for which I completely agree.
However jus cuz the powers that be have gotten good at manipulating in no way means they are able to avoid the eventual...it's nothing more than sweeping the perverbial elephant under the carpet for the next regime ta deal with. Manuipulation does not deal with the inherent underlying problems....it only distracts & actually makes the problems worse....the longer we put off dealing with the issues the larger the deficit will continue to grow.
OK....soap box put away for now.
Right there w/ya Nettles....
what some I feel are failing to realize here is that all that's been done since the current bush regime is that we've blown the surplus & not only that.....we've created the mother of all deficits'. So instead of passing along a surplus to our kids....we're giving them all our bad credit that's been generated over the past 6 yrs or so.
I sure hope the younger generation (20's - 30 something's) realizes this & are able to act (vote) accordingly...otherwise we will see a total decoupling & imo it wont be pretty...you think the times we're now in are tough...keep goin at this pace & these times will seem like somewhere over the rainbow....tphhfftt!!
Sure didn't take long for bush to run us into the ground. :0
Agreed for the most part...
yes the fall of the greenback was faster than it shoulda've been...& prolly went a lil further to the south than it shoulda've over the period it free fell...but that's biz as usual in the currency world..at least over the past yr + which has been my experience.
However having said that....I still feel the current dollar correction is w/out fundimental merit. I believe it's been correcting pretty much based solely on t/a....& so it is in the 4x world...more so t/a than fundi's.
I don't think the dollar was nearly as strong fundimentally speaking vs the other majors at its' high's.....the us was not that much stronger fundimentally speaking as compared to Europe, Asia, Canada & most certinly not Australia who has currently one of the strongest econ's out there these days. Sure Aus has their troubles (as most all of the major econ power houses do these days) but not nearly as deep & severe as the US. I think this is one explanation as to why the aussie ran like it did vs the greenback & most other pairs.
I also argree in that we have a ways to go (maybe rounding 2nd & on our way to 3rd is my guess) however where I disagree somewhat is that I do not feel it will get quite as bad around the rest of the world as we will be experiencing here stateside. Indeed it used to be that the US would hit bottom 1st & everyone else would follow...however I think those days may be gone & we're witnessing a decoupling of sorts. Not a total decoupling imo mind you....but enough to where when the US gets sick...the rest of the world may simply be gettin the sniffles. This theory may also explain why fundimentally speaking, the correlation trades are not quite reacting as they once did. Things have changed a bit & the dollar, tho still the BMOC at least for now, has lost some of its' luster...no doubt about that.
Bottom line, these days the playing field is more of a level one....& we have primarilly 2 things to thank for this....
1) the credit crunch & thus in turn the housing mrkt....credit got way too easy for way too long & in turn home prices got way ahead of themselves...& we can thank Greenspan pretty much for most of that....Greenspan & Congress @ the time who were concocting & thus promoting the neg-am loans making it easier for 1st time home buyers, etc.
&
2) all the while commodities began to run...oil began spiking along w/precious metals & of course all food realted commodities as well...grains, etc. & what brought on much of this....enter Greenspan again....rates got too low for too long & it all snuck up on him....right about the time he was gettin ready ta pack his bags. Quite the welcome Bernanke :0
Now we're stuck paying for this mess...& wadda mess it is....it's more than just a biz cycle imo b/c it was brought on by the Fed...it didn't just happen...at least not to the degree that we're experiencing. Now Ben has gotta figure out a way to stear us back w/as lil damage as possible....& as we've seen, there's gonna be a few who will need to pay a huge price...banks, brokerages & not to forget individuals losing their homes....tell them it's just a cycle :0
These are unprecedented times that we're in & we wont be seeing a "cycle" quite like this for many yrs to come....hopefully.
yeah....as soon as WaMu goes under.....
Wooo Hoooo!!! ;)~
Rate cut schmate-cut...nothin more than a temp bandage on a wound that needs several stitches :0
After all....does anyone think even a ZERO % rate would get us out of this mess?
Having said this.....it is soo hard ta comprehend why the dollar hasn't been tanking....even more dumbfounding to me....it keeps goin UP!!! So much for the fundi's having any meaning at all...tphhffftt!!!
Yeah....sure did get awfully queit in here as of late....
& your comments w/re 2 a beast to be respected....indeed...to put it mildly :0
Steady as she goes 69...& it jus goes ta show ya...no matter how good u r @ T/A....4x can still mess w/ya.
For many mos now we've been sayin that all correlation/fundi's can be thrown out the window...what could once be counted on is no longer. Nettles has ben sayin this for awhile now over on the other board & I am in total agreement w/that. So the mrkt as of late has really been a tuff one ta try 'n figure out....no rhyme or reason to it at all....seemingly.
Play around w/lotza different strats & don't find yourself in too much of a rush or tryin ta force your trades.....that's somethin I've been learnin as of late. Seems most folks over the last several weeks have been experiencing trouble..& I've learned that when the boards get quiet....much of the time it's cuz folks are stumblin.
Keep at it tho & remember.....when things aren't goin well....let go of the losers early & let the winners ya do find run.
Cheers!!
Pls pass along my best if ya get in touch w/him....
& tell him ta drop by...he's missed.
TIA!!
No worries lisg....
& w/re to the tax thing as far as Oanda goes....I believe if you looked at most other houses w/re to their tax disclaimers...I think you will find that many of them are fairly ambigious. I guess that has to do w/the legaleze of it all....ya know, everyone's tax consequences, liabilties & way in which they report are different...so many different ways to report & when there's no real borders w/re to 4x it can get awfully tricky for a borkerage when trying to cover all their bases...at least one has gotta sssume.
Always best to consult a tax advisor I suppose since each individual situation will vary.
Enjoy your time out of the country & we look forward to hearin from ya upon your return.
Cheers!!
Right on....Thx Kermit...
best exp I've read thus far....will def try ta look into it more. I suppose the success in this method (as w/all other trading techniques...fibs, etc)lies in that many others use these parimeters as well....thus when everyone is lookin at the same thing...things tend to set up nicely/consistently.
Goodf stuff...thx again Kimosabe!!
Yeah...I still don't feel as if I'm quite in the zone yet....guess I'm lookin/expectin too much out of this mrkt. Need to scale back a bit & focus a lil harder I suppose.
W/re to tunnel...yes, Bally....always interested in what others are doin & more importantly HOW they are doin it.
Still waiten for someone tho ta take the time ta write it down here & 'splain it all in simpleton terms. I did go to that guys site & read about it but I was short on time & from what I read....it was writen in very technical terms...wonderin if someone is willing to post it here in their words?
TIA!!
Back a lil later on...we had an extra hr today so we took adv 'n slept in.....school on Wed don't start til 9....so I gotta run.
Kewl.....jus wanna be sure u stay clear of that spiked mrkt kool-aid that was goin 'round ystrdy...some nasty stuff indeed. :0
So whose next after Lehman?...I'm wondering if the timing of it all wasn't a plea for the Fed ta help out Lehman as well on the heels of the Freddie 'n Fannie handout? Very suspect b/c Lehman sure waited long enuff to play this hand.....they coulda easilly spoke up many weeks ago....so me thinks they felt it best ta speak up now as the fed handouts were bein passed 'round once again.
Agreed....love the gold trade right now.....
only prob is....the mrkts are so volitile...def a traders mrkt....but if ya can hold on thru the wild swings & mrkt hype (that tends to take gold down a few pts) & have the ammo to not sweat that kinda trade.....gold should be basing well over 850-900 by yrs end imo....could even bust thru 1K again over this time period.
Yeah...so much 4 ystrdy's "good" news.....
& now Lehman says they may be in trouble (no surprise there as they were pretty much the next major brokerage in line ta announce probs)....off as much as 40% in trading today.
Still lotza troubled waters to navigate thru & me thinks Fannie 'n Freddie weren't the end.....not even close.
Daiello....if u r playin the equities....hope u aint tryin ta bottom feed here..unless u r lookin for long term value plays that is. Other than that.....gonna continue ta be a real choppy mrkt at best....we may see another 10% or thereabouts haircut off this bear mrkt imo.
http://biz.yahoo.com/rb/080909/lehman.html
Thx Plugger....good ta know....sometimes I think it's my ISP so I'm glad ta know it wasn't that.
Cheers!!
Hey 69....
fyi...ya may wanna have a looksie @ what 1 of the comps (CompassFX) do here....thot you'd be interested....this was sent to me approx 30 mins ago...so there's about 30 mins left ta sign on...Cheers!!
Our free webinar with Mark Coe CTA begins in less than 1 hour. If you have not yet registered, please use the link below.
Exciting News... you do not want to miss this!!!
We are launching a New Live Active Day Trading Room.
Over the past few months we have been very busy working on additional trading tools and resources for all our traders and once again we have a trader resource to help take your trading to the next level.
For more information: http://www.compassfx.com/tradingroom/
Whether you are a new trader or an experienced trader you won't want to miss our New Live Active Day Trading Room.
We have been asked over and over from many of our traders to please add such a room for active intraday traders.
A place where they could have help understanding live market conditions, trade levels, daily ranges, economic news and market analysis to trade with confidence.
A place traders could come and watch live trading from market professionals.
A place traders can ask questions and get their questions answered live during the trading session.
A place to look over professional traders shoulders to learn from their experience in the market.
We are excited to announce we have a professional, proprietary, discretionary trader that has agreed to trade live in our room along with guest traders to help you on a daily basis with your trading!!
Mark Coe, a registered CTA will be hosting the room along with many guest traders including Synergy's Dean Malone.
You will hear live market analysis, watch live trades, understand the reason behind the trade executions.
We will have sessions on discipline, emotions, risk and money management just to name a few important fundamentals to help build your trading success.
Successful trading takes time, repetition, ongoing education and patience.
Some of you may remember Mark from our second Trader To Trader Conference last January.
If you are not familiar with Mark, join us Tuesday, September 9th 2008 at 12:00 pm Eastern Time (noon) for a special webinar as we announce the New Trading Room.
Seats will be limited for the webinar as well as for the trial for the trading room.
For more information go here http://www.compassfx.com/tradingroom/
We look forward to seeing you at the webinar.
Compass Foreign Exchange LLC
2083 N. Collins Blvd., Suite 200
Richardson, TX 75080
Tel +1 (800) 577-3600
Tel +1 (972) 680-8080
Fax +1 (972) 680-3355
http://www.compassfx.com
Trading forex carries a high level of risk and may not be suitable for all investors. Increasing leverage increases risk. Before deciding to trade forex, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained does not constitute investment advice.
speakin of Oanda demo.....
anyone else havin logon probs right now?
logon page wont even load for me.....
edit.....never mind...jus slower than molases their demo server seems this AM is all.....I'm used ta stuff loaden fairly fast so when it dont happen lickity split (I'm runnin 2 gigs on a cable connection) then I immed think there's a prob :0
"the federal budget is on an unsustainable path."
& how much do these fiscal "experts" make so they can state the obvious?
Good gig if ya can get it I suppose ;)~
Welcome....
The London session is considered prime time as far as 4x goes....& as for me...my handicap is that I'm on the left coast clock.
but as mentioned, they way to go is to simply take what the mrkt happens to be given you @ any given time....& that's the way I have to play it anyhow bein on PST.
GL 2 u!!
Cheers!!
yeah...what she said...lol....
sorry about the trigger happy posting finger there..I can tell this may be a day where I'll need all 15 posts....lolol
OK....time ta put the soap box back....but in short Nettles...I guess that's what the bush regime has been all about....place the burdeon on the backs of our future gens & wipe all our probs under the carpet right next to where the big elephant has been layin for sometime now....tphhfffttt!!!
One of these days a generation is gonna have ta pay for all this mess...too bad bush couldn't hang on to the surplus when he had it....wadda f'n waste it's all been....& for what?...cuz daddy couldn't get the original job done in gulf war 1?
Pls..dont get me goin....lololol
I respectfully disagree Bud.....
the system is broken & that's why the govt is steppin in....maybe they can fix it all by themselves & maybe not but one thnig is for sure...we wont really know this answer for at least a Q or 2 ta come.
The mrkt is trading on the hope that this is the answer....& jus how long can it trade on this hope? Hope only goes so far & lasts so long (til Wed is my call anyways..lol) b4 folks wake up & smell the beans brewin.
All in all...this is bad news...after all, if the govt felt the need to step in (what....no more free mrkts for us?..tphhfftt!!) here....what's next? Mac 'n May aint the only one's in trouble these days.....where exactly does Uncle Sam draw the line?
OK...I gotta run....back later on after I get #1 off ta school.
GL trading the hope...& I hope it all works out for ya. ;)~
Cheers!!
I respectfully disagrre Bud.....
the system is broken & that's why the govt is steppin in....maybe they can fix it all by themselves & maybe not but one thnig is for sure...we wont really know this answer for at least a Q or 2 ta come.
The mrkt is trading on the hope that this is the answer....& jus how long can it trade on this hope? Hope only goes so far & lasts so long (til Wed is my call anyways..lol) b4 folks wake up & smell the beans brewin.
All in all...this is bad news...after all, if the govt felt the need to step in (what....no more free mrkts for us?..tphhfftt!!) here....what's next? Mac 'n May aint the only one's trouble these days.....where exactly does Uncle Sam draw the line?
OK...I gotta run....back later on after I get #1 off ta school.
GL trading the hope...& I hope it all works out for ya. ;)~
Cheers!!
& the dow up on the May 'n Mac news...
indeed...thnings make no sense....haven't for sometime now.....one might say that it's been ever since the gop began freakin they were gonna be losin the presidency approx a yr ago :0
I dont know....but at least the mrkt is doin what I thot it would on this news.....up big early......now the big ? is....lets see how long it takes for everyone to realize it's mostly bad news on the horizon & in turn for the mrkts to trade lower....as they should be doin all along.
I have no clue of course but my hunch is that by Wed AM (maybe sooner if common sense finally prevails) we'll be seein the pro's come in ta short the beejeeezus oudda everything.
Indeed itza trader's mrkt that's fo'sho.....so maybe itza good time ta go w/your gut & do the oppsoite...lol
GL w/all this....tryin ta make sense of a senseless mrkt ;)~
& welcome to pyps....
there's a reason for this acronym ya know ;)~
The Fannie 'n Freddie trade is gonna be puttin things even more askew than they typically are on Sunday.
& now back to the game...hehe
I know that a few of the usual suspects 'round here (back when they were considred usual suspects anyways..lol) will tell ya Oanda...'specially for the small fry's like us....low ball leverage, micro lots & one of the most competitive-tight spreads during high liqudity mrkt hrs.
Guess that's another loaded ?...really depends on what trading style one wishes to incorporate.....ya want a good rate of execution...then go w/a fixed spread....like MG Financial....they were a 5 pip spread back when 1st began demo'n w/em a few yrs back....not sure if they are still the same tho?
Ultimately I'd like ta see a brokerage similar to Oanda spreads that offers trailing stops....decent charting of course would be a bene too.
Sorry I can't be of more help....me thinks u r lookin more so for live experiences....& that I can not give you....yet.
GL!
"Risk comes from not knowing what you're doing."
Warren Buffet
Oh wadda lodaed ?
no time now to really answer...at least as I'd like to....got tonz of Daddy-Do's today while the lil 1's are w/mom all day....steam clean carpets, wash dogs & maybe even try & get a 1/4 or 2 of a lil week 1 pigskin in...yadda yadda....
anywho....in short my thots are on da matter are as follows....all in all itza a bad sign of course...BUT as per usual the mrkts will most likely trade it in hype-irrational exubberence mode for a day or two sending the broader indeces up...then folks will begin to realize itza bad thing & the mrkts should in turn continue ta tank as they've been doin...& all the smart big boys will be lookin for this possible early week rally w/the hopes of shorting it come Tues & Wed...maybe sooner if Mon doesn't appear to wanna show any signs of early fannie/freddie strength.
What should occur tho imo is that manana should be a down day for the dow...say 300+..at least....but I don't think will happen....it'll most likely trade up...so place your bets...lol
I should go on over to look at the Bloomberg futures (tho maybe it's still yet a lil too early for that) but I don't have time now.....gotta run....back later...when me & da back go into wknd R'nR recovery mode...hopefully for an hr + or so b4 the girls return later on ;)~
Cheers!!
"Risk comes from not knowing what you're doing."
Warren Buffet
all demo mah fren...all demo.....
tho I always do my best ta treat all demo accts as if they are live....no play'n round....wanna duplicate my results as best I can so I know exactly where all my various strats, leverages & lot sizes truly stand.
I just can't in good conscience go live jus yet...even after 16+ mos of steady demo'n....too many distractions at my side. Sure wish I could trade the London session cuz I really feel by doing that my results would be better. I think by far that's the best/easiest time ta be trading as trades tend to set up & mature @ a faster rate.
Oanda?....or w/another? eom
& like I was tellin ya a few days ago....
it's a very good thing that ya like competition cuz as I was tellin ya a few days ago....you'll find that u have TONZ of competition out there.
& note that it may be a new venture for the CompassFX (actually I think they've simply re-worked a former thing they've already had goin that's quite similar...just improving upon it is all...but not sure, I could be thinking about another outfit?) however once you do some more research on this idea, as I was sayin earlier, you will find that you & Compass are not the only one's out there...in fact this niche has grown tremendously over the past few yrs.
Perhaps that's what u r in the process of doin now....checkin out the competition....I think that's you best bet right now...this way you'll have an idea as to what u r up against & thus be able to brainstorm with the knowledge of what's already out there & what ya could improve upon.
Do keep us posted....& once again....GL w/the venture!!
Cheers!!
"Risk comes from not knowing what you're doing."
Warren Buffet
The September Currency Trader is out....
http://www.currencytradermag.com/downloads/index.php
& as always, it's FREE!!
& here's the link to the August issue in case anyone missed that one.
http://www.currencytradermag.com/downloads/index.php?i=p
A must for all who take this seriously.
Happy reading & Cheers!!
I'll watch it for sure Ryno.....tho one of my rules I try hard ta adhere to is to stay on the sidelines at least thru "pick your pockets Sunday" (pyps)....usually don't even think about goin into (or out of if I had ta hold a position thru a wknd) a position until the Mon London open....late Sun night at the earliest. The mrkt is simply too damn choppy....especially for a greenhorn like melsef.
But I'll be watchin it fo'sho....thx again 4 relayin all your good plays.
Cheers!!
if it does....
u sure have the 4x Midas Touch....lol
& this late Fri Govt news of the Fannie & Freddie bailout....so sad....I could go on a rant about this one but I wont.....gotta run out the door for my afternoon p/up.
But it will be a fun trade come the Mon London open....maybe as early as the 4x open on Sun.
back a lil later on ta rant about Paluson & Uncle Ben.
Cheers!!
"Risk comes from not knowing what you're doing."
Warren Buffet
Ya might interested in this email I got today from CompassFX
Exciting News... you do not want to miss this!!!
We are launching a New Live Active Day Trading Room.
Over the past few months we have been very busy working on additional trading tools and resources for all our traders and once again we have a trader resource to help take your trading to the next level.
For more information: http://www.compassfx.com/tradingroom/
Whether you are a new trader or an experienced trader you won't want to miss our New Live Active Day Trading Room.
We have been asked over and over from many of our traders to please add such a room for active intraday traders.
A place where they could have help understanding live market conditions, trade levels, daily ranges, economic news and market analysis to trade with confidence.
A place traders could come and watch live trading from market professionals.
A place traders can ask questions and get their questions answered live during the trading session.
A place to look over professional traders shoulders to learn from their experience in the market.
We are excited to announce we have a professional, proprietary, discretionary trader that has agreed to trade live in our room along with guest traders to help you on a daily basis with your trading!!
Mark Coe, a registered CTA will be hosting the room along with many guest traders including Synergy's Dean Malone.
You will hear live market analysis, watch live trades, understand the reason behind the trade executions.
We will have sessions on discipline, emotions, risk and money management just to name a few important fundamentals to help build your trading success.
Successful trading takes time, repetition, ongoing education and patience.
Some of you may remember Mark from our second Trader To Trader Conference last January.
If you are not familiar with Mark, join us Tuesday, September 9th 2008 at 12:00 pm Eastern Time (noon) for a special webinar as we announce the New Trading Room.
Seats will be limited for the webinar as well as for the trial for the trading room.
For more information go here http://www.compassfx.com/tradingroom/
We look forward to seeing you at the webinar.
Compass Foreign Exchange LLC
2083 N. Collins Blvd., Suite 200
Richardson, TX 75080
Tel +1 (800) 577-3600
Tel +1 (972) 680-8080
Fax +1 (972) 680-3355
http://www.compassfx.com
Trading forex carries a high level of risk and may not be suitable for all investors. Increasing leverage increases risk. Before deciding to trade forex, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained does not constitute investment advice.
I hear ya...def a very good strat to try & adhere to....
I see where my tp w/da aud/us did hit a lil over an hr ago @ 8125...nice lil 45 pip catch there to end the week on....nice call there Bud.
Still tryin ta decide which pr's I wanna focus on so I'm playin several w/the demo ta see how it goes.
Thinken of picken as many as 4-5 pr's all w/different volitilities & liquidities...but as ya say...play no more than 1 or 2 at any given time & of course always remaining very mindful of the correllations.
I'm leanin towards the euro/usd a my slow moving-high liquidity pr..then maybe the turtle for good measure.
Next is the usd/chf & mixed in w/possibly the cable or aud/us...I do need to narrow my mid range pr choices here down by at least 1 as I don't wanna have more than 2 pr's per cat.
Lastly...as for the fast movers, I'm lookin at gbp/jpy & aud/jpy...the euro/cad is another option here since I only have the euro selected once over all the 3 cats....but I'm also tryin to spread out my pr's as much as possible...this way I'm given myself more options to hedge via the correllations if I need to go that route....which most likely I will.
I think I'm makin some sense here?...lol but by all means if I'm sayin somethin here that don't sound as if it's maken much sense...pls knock me upside da head a time or 2 ;)~
The way I look at it tho....the more pr's I can try & learn, the better rounded I'll be as it forces me to focus on the overall global flow of things.....then again...I'm also straying away from the keep it simple strat.
Slowly but surely I suppose...there's no rush to force anything...I'll jus consume it all as it comes.
& gold sure popped there for a lil bit earlier this AM (around 5:30a pst) tho its' come back down to pretty much the same range it was in at the time it popped...wonderin if that's cuz there was some Hanna news out....or wasn't there an oil inventory report? Haven't had an opp ta look that one up yet.
OK...beg now ta scale out of all open positions b4 things begin to slow down for the wknd....try'n not ta leave anything open if at all possible.
& a very good wknd to all....Cheers!
"Risk comes from not knowing what you're doing."
Warren Buffet
I'm up 22 right now (long aud/us) ....it's been all over the place....
was damn near my tp a few mins ago @ 8125 but now it's trending back down to the next fib line off the 5 min chart from the 3a est high to the 8:30a est low. I set my tp 2 pips under that 3rd fib line that rests @ 8127....I draw the fibs fairly conservatively for a lil added insurance...seems ta work well...especially for the exits.
All in all tho I'm finding that I'm still havin some difficulty....at least I'm not nearly as successful as I was for the past yr from May '07 to approx May '08....perhaps I should try & get back to my ol' style of very conservative basics....think I've been forcing trades thinking I actually know what I'm doing....lol
"Risk comes from not knowing what you're doing."
Warren Buffet
long aud @ 8080....hopin ta get out by the US close & not be a wknd bag holder :0
Lookin for 25-30 but will take a 15 loss if happens ta get down there....dont think it will....seems to wanna trend higher into the wknd..but at last check....maybe not....grrrr!!!
"Risk comes from not knowing what you're doing."
Warren Buffet
LMAO G.....
love the sign off too....much truth is said in jest ;)~
right on w/re to all the new faces 'round this joint....very happy 2 c all da action here...good deal!!
Ryno....keep it rollin Bud....VN catch there....sure wish I would simply set my sl @ b/e & let it ride thru the day. $8900...not bad for a weeks pay...sounds like u r trading either full lots or lotza mini's....& dint ya say ya increased leverage too?
Time's short now....gotta get the ankle biters fed, dressed & out da door....back a lil later...mid mrkt time.
Cheers!!
Shoulda held the cable short awhile longer......
back to the Fast Money replay....missed the 1st run @ 2p.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31950224
gonna try the Ryno trade...albeit w/a Asia twist...
short gbp/jpy @ 1.8750
altho as it turns out...shoulda held on to last nights cable short....profited approx 30....but now I'd be up another 100+.....anudder case of da woulda coulda shoulda's....tphhfftt!!
Kinda thot there were some lurkin eye's upon me...hehe
I'm out da door....but the euro sure took a dump the last few mins...wut up w/dat?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31943763