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What jus happened to da euro?
I'm out the door & wont return for 2+ hrs....no time ta figure it out...but it sure did take a bath jus now.
Cheers!!
& it looks like he's recently got'em done too.....
tho it sure dont look like a Bev Hills job :0
too funny
http://investorshub.advfn.com/boards/board.aspx?board_id=13210
Matt sounds like a kewl dude ;)~
Good deal Simple....
W/re to the cable...Ryno over at the other board clued us in the other day to a fairly regular trend on this pair...been occurin like clockwork ('cept for last night of course..jus took a few hrs longer to set up is all)...goin short the cable as early as 10:30p pst up until approx 1:30a pst.....then the next few hrs thereafter the trade matures.
Today however it didn't break lower until jus a few hrs ago at approx 6:30a pst....got as low as 1.7625-30 & since has retraced to the north to 1.7715...not a bad trade even after the retrace.
Ryno says he's been takin this trade to the bank the last few weeks...maybe a month or two now.
Anyway....since it seems this board is losin steam after all the initial giddyness...why not take all this over to the other board...of course we can still use your board & the TA board for related matters.....but perhaps jus for everyday genl comments w/re to everything else...fundi's, broader mrkt chat & simply color commentary.....by all means....join us at the 4x board...a real good group over there....Nettles, Ryno, Jester, JT, Ataglance, Daiello, Kermit, Plugger, etc....tho as of late the CaT (Ataglance) has been MIA....but that board does seem 2 b picken up as of late. I just dont want there bein too many 4x boards that need to be checked each day.....prefer goin to one or 2 boards at the most.
My 2 pennies anyways.
& a good day 2 u as well Kimosabe!!
Oh...& here's the link for those who haven't found the board yet....
http://investorshub.advfn.com/boards/board.aspx?board_id=5125
Cheers!!
"Risk comes from not knowing what you're doing."
Warren Buffet
Oh I have a perfect explanation for it.....
I tagged along this time....lol
It has finally broke tho....approx 5-6 hrs after the late end of the move (1:30a pst) @ 6:30a pst...got as low as 1.7630 or thereabouts & has recently spiked back up to the 1.7715-20 range.
I'll keep followin this one....think I'll cover here for a 25-30 pip profit....not bad.
Cheers!!
Yeah...talk about addin a lil handicap in the mix...lol
Ryno.....I'm here but that aint sayin much.....wiped out....Palin sure put me ta sleep...think the hockey mom & bull dog joke did it...woof!!
Anyway....I see it looks a lil early for the cable move but I did take a short @ 1.7751 & we'll see how it goes overnight.
Jus ck'n back ta say goodnight from da left coast.
Ni TZzzzzzzzzzzzzzzz
Yeah...I got the sell part....can see that ya sure as heck aint been buyin it at that time....lol
if u happen 2 b 'round tonight I'll try to check back here around 10:15 pst.....that's typically a good time for me as the kids are usually asleep & I'm beg ta wind down myself. So as long as I aint crapped out on da couch...& am thinken 4x at that time, I'll plan to check back here & see if u r around as well.
Cheers!!
"Risk comes from not knowing what you're doing."
Warren Buffet
Love hearin about dem seemingly auto pilot plays.....
think I may go ahead & try a limit order or two overnight & see what happens....thx again for da heads-up...good stuff!!
Jus to clarify so I can pinpoint down to a tighter timeframe....u r speakin of 1:30am est correct?
If so....I'd need to begin lookin right around 10:30p pst....right about bed time for me....so that would work well....grab a position & go to bed w/tight stops & a 30-40 pip take profit range to be conservative.
Thx again Ryno....exactly what these boards are for.
OK...time to get ready for my 1st grader p/up
Cheers!!
"Risk comes from not knowing what you're doing."
Warren Buffet
Ya learn ta get used to it after awhile.....
& what makes it easier is the fact that the regression occurs slowly over the yrs...so lil by little you get accustom to it & then it simply becomes a matter of stayin ahead of it....ie pain management. 2-3 epidurals a yr also helps big time. I find that for the 1st 4-6 weeks post epidural I'm able to get by w/less meds...Norco 10/325's (10 mg's of codene & 325 mg's of tylenol) which is 2 x's the strength of your ave vicodene...& approx 1/2 the tylenol so it's not taken a huge toll on the liver..at least not to the degree that vicodene would @ 5/500...the last # is the mg's of tylenol & the 1st is the mg's of codene. It took me approx 15 yrs of regular 5/500 codene to "graduate" to the Norco's so that wasn't too bad. I'm as conservative as the pain will allow. But after 15 yrs I was beg ta feel my liver bein compromised. I was gettin immune to the 5 mg's of codene & needing to take 3 per dose which is 1500 mg's of tylenol per dose.....way too much tylenol for the liver (shouldn't be taken more than 4K mg's of tylenol per day) to handle. Of course I began by takin 1 per dose for the 1st several yrs....then 2 & finally after approx 10 yrs I was up to 3 per dose...did that for approx 5 yrs & then I found I needed 4 per dose which I didn't wanna do....waaay too much tylenol for the liver to handle...so the Dr up'd the codene by double & lowered the tylenol by approx 35%....which is otherwise known as Norco. I prolly coulda gotten him to make the switch a few yrs ago but I'm too shy to ask I guess....I don't wanna come off as some druggy who likes ta tell the Doc what to perscribe...lol
So now I'm able to get by w/2 Norco's a dose approx 2 times a day..sometimes 3 X's/day if I find that I jus can't make it to bed time...& if so that extra last does really knocks me out for the night fairly fast so I gotta be careful. Funny thing...it's not the amt of codene that's typically the prob....it's the tylenol....go figure...lol
Anyway....u either deal w/it & get used to the pain..of course the only other alternative is to die :0 & I aint quite ready for that jus yet ;)~
+ u know me....humor is a must....if u can't learn to laugh off the pain then life will get the best of you..& learning to deal w/chronic pain has been a great life lesson for me in many ways. Approx 2.5 yrs ago I fell down a few stairs in the house (carrying the lil one who was 2 mos at the time...she was fine as I made sure she was on top of me when I landed at the bottom....she was jus a lil frightened of course...but I'll save that story for another time) & completely popped my rt shoulder out of its' socket...a major dislocation they called it. Except for having the back go out it was by far the worst pain I've ever felt...maybe even as bad as the back now that I think about it. Anyway....when I finally got to see the ER Doc (approx an hr later) they said they were going to put me out to pop my shoulder back in place but it was gonna take a few more mins to get everything all set up. I was in soooo much pain that I asked them if there was a faster way?....they looked at each other & smiled & said....to simply pop it back in place while u r awake....I said go for it, lets try it (you shoulda seen the look on their faces)....I couldn't imagine the pain bein any worse than it was at the time....so they turned me over on my stomach & began to swing my arm up & down....sure did hurt but I think it took less than a min..I heard 2 or 3 clicks & my arm was back in the socket & the pain immediately subsided to where I could at least have a coherent conversation...lol
The Dr's said that they couldn't recall the last time (if ever) they did that proceedure w/the patient fully awake...& I truly think I was able to get thru it all b/c of my yrs in dealing w/pain & how I've taught myself to process & manage it all. I'm one of those who believe that mind control has a lot to do w/pain management....however I find that I take the Rx's cuz mostly I'm a lazy ass....lol
OK...'nuff ramble...back to 4x....
I'm beg to think I may be turnin into more of a dollar bull now....not totally, .but it jus may be the way to go? I think that I've been fighting it too much over the last few weeks thinking it's gonna turn back south. Guess I should stop fighting it & look more so for the long opps as opposed to lookin for the short one's...I woulda done far better the last few weeks if so...no doubt.
Perhaps I'm over emphasizing the fundi's & not giving the chart enough credit...after all t/a is most of the game in 4x & t/a sure screams buy for the most part. Can't believe I've made this elementary mistake...placing too much weight on all the fundi's over t/a...dumb, dumb & dumber ;)~
OK...time to go see if I can try & get myself to pull the trigger on some long dollar plays...it's gonna be hard to talk myself into it....but I guess I should live up to my bio quote....go w/your gut & do the opposite :0
Back a lil later on after the US close..
Cheers!!
"Risk comes from not knowing what you're doing."
Warren Buffet
so did ya end up stayin away?...
if so...wonderin if it'd be a good strat to simply put in a limit or 2 w/fairly wide stops & a fairly tight take profit...that way ya could consistently bag somethin if it decides to react in its' usual manner a lil earlier....you wouldn't miss the opp.
Of course you'd also wanna take a gander on any news to be released jus prior to after..otherwise u could catch a falling knife.
Tho somethin is tellin me that at the time u r speakin of....there's rarely, if ever any reports that come out.
Jus a thot....perhaps I'll try & do the same b4 power'n down tonight.
I guess the other board died w/out 69 bein around....jus the same....happy to see folks wanting to post over here instead...makes it easier.
Cheers!!
Now there's a thot.....
a 10% Sr. Discount on all brokerage accts.....dep $100 & get $110 ;)~
Nice ta see this board gettin back to "old" form.....feels good 2 b home.
Cheers!!
What....1st day back from the us holiday & there's no one else here?
Guess every1 took the ol' extra day after a holiday...& of course I'm already oudda vaca days ;)~
"Risk comes from not knowing what you're doing."
Warren Buffet
Well there ya be....
nice call....& after bag'n that kinda change....bet ya aint even da least bit jet-lagged ;)~
W/da exception of me, Nettles & LT...it's been a lil lonesome here 'round this joint w/out all da usual suspects...so dontcha be such da stranger now ya'hear.
After all....there's only a handful here who can understand me...& sometimes I even need somweone ta help me understand myself :0
"Risk comes from not knowing what you're doing."
Warren Buffet
Up 200+ & now sub 60+.....
wadda mrkt...tho it is beg ta make some sense to me now. That early 200 gain made no sense at all....based on Gustav not bein such the bad boy & oil droppin...so what..things stateside are still bad & they aint lookin like it's gonna be gettin all that much better anytime soon.
Talk about a head fake this AM :0
PS
Gettin a good laugh oudda all the gop spin w/re to Palin....tryin ta make it all sound like it was a "home run" pick by McSame.....as Scarborough was sayin on cnbc a lil while ago...too funny.
Nice call there.....
Fortunately Gustav sure was kind to all,....'cept the long specs of course.
Guess there's no tellin where it'll finally decide ta bottom out...but now it's back in the '07 Q4 channel....near the middle range of it....how low will it go?
As for the US mrkt....I'm still waiting for someone to take the side of the bull here & explain why it's running along w/the greenback?
As for me....I just don't see it based on the fundimentals...however TA wise I guess it's plausable & thus the best explanation. Other than that I guess the fact that Gustav wasn't all too bad is today's reasoning behind the present rally. Even so....still makes no sense to me...the Dow north by 200+.....talk about an oil driven mrkt....guess w/oil down sub 115 it's time ta buy some airline stocks again....YIKES!!!...lol
"Risk comes from not knowing what you're doing."
Warren Buffet
Pounding against the pound.....
there's a new one....good 1 Ryno...lol
& Congrats.....sure wish I were up at that time to play it w/ya....maybe I'll try & work my sched out one day soon so I can do so....let me go take a gander & my weekly sched ahead & see what early AM would be best & I'll get back to ya.
Congrats again....gotta love those steady plays that treat ya well...& a nice feelin ya get when ya figure out those patterns....here's hopin this run is your Eveready Bunny....goes on 'n on 'on... ;)~
"Risk comes from not knowing what you're doing."
Warren Buffet
yeah...was wonderin if ya knew that it was a copy & paste job that's made the rounds a few times now.....still always a good read jus da same.
Yeah....maybe it's time for a lil break 69....I'm feelin the need for one as well after my Gustav/Gold call...down $15 since the open ystrdy....once again the reverse mojo gets me
Updated score....
Reverse Mojo 645
Me 1
OK....loggin out....not gonna try & force anything...'specially bein itza US holiday....time ta go regroup & recharge the batts for manana....off to a beach near Santa Cruz w/da girls....a state beach on a warm sunny nor cal holiday....help me!! lol
Cheers!!
"Risk comes from not knowing what you're doing."
Warren Buffet
Lookin forward to hearin your updates & progress....
& a nice acknowledgement from IHub I see this AM....
"To those on the Gulf Coast, stay safe. Our thoughts are with you, your families and neighbors"
& wadda ya know.....gold has pulled the ol' reverse mojo...fallin like a rock....don't recall anyone anywhere sayin that was gonna be the case...down approx $15 since the open ystrdy.
Like I say....I will never even try trick'n myself into believing I'll ever fully understand the mrkts :0
& you'd think me & da mrkts would be like 2 p's in a pod...after all...I can't rhyme or reason either ;)~
We lost Boca? Why...did I miss somethin?
Oh well....GL w/that email list....if ya do decide ta go that route....go ahead & add my Ihub box to your list if that's possible. If not, let me know & I'll pass along another box that might work for this purpose.
& if for any reason we find that over time this board falls apart....I say we all meet at the other genl 4x board here on Ihub. Would be nice to simply have 1 4x board goin instead of havin ta check a few different boards. Jus my 2 penny's worth.
http://investorshub.advfn.com/boards/board.aspx?board_id=5125
& now there's talk of Gustav possibly reachin a cat 5 worst case....YIKES!!! Here's hopin that both the human & property elements are impacted as lightly as possible.
Cheers!!
"Risk comes from not knowing what you're doing."
Warren Buffet
only 1 kid.....
try two....both girls over here....youngest will be 3 in 2 weeks & will hopefully begin preschool in a mos....& the oldest is 6...jus began 1st grade last week. & I'm a stay at home dad...so I def hear ya....tryin ta trade w/da ankle biters in the mix adds a whole'nutter challenge to it all.
& Nettles...thx for all the fundi news to start off our week with....good stuff.
Should be intersting ta say the least to see how the mrkts react to Gustav....gold, etc.
Here's hopin Gustav loses steam as it approaches & the human & property toll is as light as possible....but it sure aint soundin like he wants to cooperate all too much....talkin possible cat 5 now worst case...YIKES!!
"Risk comes from not knowing what you're doing."
Warren Buffet
"Even though I am posting my executions real-time, and succeeding, noone is even witnessing it...its just a bunch of words on a screen...A picture is worth a thousand words...but a chart is worth a million words...For example...IMO...the USD is at the very top of an Andrews pitchfork...The dollar is about to retrace...It-is-just-plain-simple-common-charting-sense... There is absolutely no excuse not to make money off of this obvious pattern...Can I show you this??? No, I cannot show you...not under these conditions...
I feel like my efforts here are fruitless... The people that usually teach are usually not good at doing,because they put so much energy into teaching...I am a DO'er. The only solid way that I can teach is to let people see me DO...I hope that I am explaining myself clearly..."
OK....I think I got it....there's some kinda chart (Andrew's Pitchfork?) that the platform here wont let ya post....if this is the case then all ya need to do is put it into email format & tell folks to sign up for an email list that you'd be willing to put together for folks....would this not work or are you not able to put this chart in email format either?
But I will say this...as for your dollar call....I think most chartists are in agreement w/you & additionally, this argument can easilly be made w/any of the other charts that others tend ta use....but w/re to the Andrew's PF....I'm always open to learning more & if there's a way you can figure out how to get it out there for us all to see....sign me up....especialy if it's for free ;)~
I'm truly tryin ta understand what ya wanna accomplish here & in no way mean to come off as giving you a hard time....at least that's not my intention...at least I hope you're not reading me the wrong way here.
Thx again for all that u r tryin ta achieve & teach.
Peace & Cheers!!
PS
Gettin set for the mrkt open & gonna closely watch gold & how it moves in relation to the Gustav track.
"Risk comes from not knowing what you're doing."
Warren Buffet
Guess it depends on who u r.....
I'm a lifetime pain mngmt patient....digenerative disc disease in the low to mid back @ 3 levels....L3, 4 & 5....was originally diagnosed way back in 90 & these days there's no fluid at all w/in any of these 3 levels...ie 100% regression.
Anyhow....if I happen ta go a day or 2 w/out meds....that in & of itself would screw me up....lol
But point well taken indeed Plugger....for the majority....ya don't wana be driven under the influence...however if itza drunk whose gotta drive me home & he hasn't had a drink in awhile...by all means...mix him one b4 we get into the car :0
& if anyone here can 'splain to me what 6979 is tryin to accomplish w/the idea of his on the other board....pls convey it to me....I've been known to be a Lughead from time ta time & sometimes when someone else explains somethin to me it makes a lil more sense. & 6979, if u happen to be visiting this board....no need to reply on both boards as I've been visiting them both these days....so no worries...1 reply on 1 board is jus fine TYVM!!
Maybe one day we can decide on 1 4x board that works for us all..sure would make it easier.
Peace 'n Cheers!!
"Risk comes from not knowing what you're doing."
Warren Buffet
Here's where I think the problem is 69....
not sure what u r lookin for out of this board?
For yrs now there's been no problems from what I can tell w/how folks are able to communicate here & discuss the charts. As you know, IHub allows folks to put up charts & chat in r/t....so what you wanna do is not all that different. If I read you correctly, all you'd really like ta add perhaps is some VOIP for live chats. If this is the case then this can be accomplished very easily..& on da cheap too as we all know setting up a group voip format is fairly cheap these days....if not free all together. & if not live voip..then maybe an IM format....which I know JRB was tryin ta do a few mos back w/this joint of his that he's pulled down to work on a lil more...it offers live IM's as well as a posting forum w/many 4x related threads....keep checkin back from to time....if he does get it back up....a fairly cool joint w/lotza great resources.
http://thefxhub.com/forum.php
I guess I just don't understand why you can't simply accomplish what you wish to do here? Especially if you're not lookin to charge folks. I guess I'm confused in thinking u r simply tryn ta re-invent the wheel is all....but mo'powa ta ya as I say....I wish ya nothing but the best.
Again...sorry for the lack of comprehension here on my part....but know that I am sincere when I say best of luck to ya in whatever you can pull off.
Cheers!!
"Risk comes from not knowing what you're doing."
Warren Buffet
GL to you Charles....
I guess the best thing you can do for yourself at this point is begin to keep an accurate log of all your trades.....that in & of itself will serve as the best ref for you.....your trading track record.
& then over time w/proven success, you should have no troubles at all in getting folks to pay you for your advice & charting accumen.
GL to you & do keep us posted on your success.
Cheers!!
"It would be a dream come true to be able to trade FX for a living"
I hear ya LT.....& last I heard I think that's exactly what Ataglance was doing...tho as u can see, the last few mos he's been pretty much MIA here...busy w/some life changes. Think I spoke w/him once over the phone & he said all was well tho he did have a trading rough patch there for a few weeks.
W/re to the forum u r ref to.....I think actually JRB started the joint & Don was lendin a helpin hand....however at least for the last few weeks it's been down
http://thefxhub.com/forum.php
at least when I checked it 2 weeks ago it was down....& it still is when I just went there to check just now....so I guess the answer is no.
But happy ta hear u r gettin the 4x ball rollin again...always nice ta see the 4x brotherhood growin.....pull up a chair & chime in anytime....lookin forward to your company.
Cheers!!
"Risk comes from not knowing what you're doing."
Warren Buffet
Ya jus gotta love N.O.'s Mayor Nagin....lol
"New Orleans Mayor Ray Nagin ordered a mandatory evacuation of the city beginning 8 a.m. Sunday but urged residents to consider escaping "the mother of all storms" before then.
"You need to be scared," Nagin said of the Category 4 hurricane tearing along Cuba's western coast. "You need to be concerned, and you need to get your butts moving out of New Orleans right now. This is the storm of the century."
The only thing he forgot ta say was...."BACK UP ALL YOUR OIL & GOLD TRUCKS!!!" :0
Kewl lisg....I'll try & email the contest Admin (Ataglance) to give him a heads up....he does all the approvin...tho the last coupla mos he's pretty much been MIA.
If for some reason he doesn't get ya in in time (he's yet to approve me as well....put my request in 3 days ago) you can simply copy & paste your demo results from your trading log @ Oanda & I'll do the same....no big e.
Welcome aboard....happy ta have another 4x Bro amongst us.
Cheers!!
"Risk comes from not knowing what you're doing."
Warren Buffet
I believe it will & sooner rather than later....
Startin to also love the gold down here in the low 830's as well....w/the news that's out & news that's yet to be released in the US....me thinks quite strongly that the greenback is due for a stumble.
& yes...I am bag holdin gold over the wknd....think the risk/reward is fairly accpetable.
Enjoy the holiday wknd if u r stateside.
Cheers!!
"Risk comes from not knowing what you're doing."
Warren Buffet
OK...gettin ready to bail on my usd/chf short here...both positions now in the green....by 11 & 2 pips respectively....think it may lose a lil steam w/in this channel & bounce around a bit so I sohuld take what the mrkt is given me on a late Fri & run....some nice long holiday wknd walkin 'round $$$ ;)~
& btw....I do go back & edit some of my posts from time ta time....like that last one of mine you replied to..I did add stuff to it after yuor reply. I added some Gustav talk & how gold may react....kinda liken gold here in the 830 range...it's lookin like it wants to trend higher here...tho I think the trouble its' havin right now gettin some legs is that perhaps many of the Gustav speculators dont wanna risk wknd positions & then have Gustav be nothin more than a cat 3.
Still tho...I feel that consdering all the fundi's in the US (or shall I say a serious lack thereof)...like the YoY for July Personal Income bein the worst in 4+ yrs...which in turn has a direct effect on personal spending....this all makes gold a decent buy here.....& if Gustav grows into a cat 4....910-950 by late next week could be a real possibility.
& even if he doesn't become anything more than a cat 3....the fundi's should still support gold trading north of 850 imo.
Read all about it ;)~
Gustav and Gold, Silver Update
By: Marc Courtenay Thursday, August 28, 2008 5:30 PM
http://www.istockanalyst.com/article/viewarticle+articleid_2560049.html
"Risk comes from not knowing what you're doing."
Warren Buffet
doublin down on the usd/chf short @ 1.1032....
tryin to get a quick scalp b4 the weekly wrap....watch...it'll blow up in my face & I'll end up bein a wknd bag holder yet again....lol
position 1 @ 1.1023...was up early w/this one & it was lookin good....then it decided to do more head fakin on me....I just don't see much support for a long dollar argument right now. If anyone thinks otherwise...pls tell me why ya feel this way...I'm always open to opposing views....in fact perfer them as I am of the belief that preachin to the choir doesn't do any good....ya know...kinda like the ol "know your friends well & your enemies better" mantra...lol
edit....btw...I think gold may be a good buy down here @ 831....purely based on a Gustav play tho & nuttin else ;)~
If he ends up bein a Cat 4 or higher....831 will look like a great buy in a few days...a Cat 3 or lower & it may not run all that much...in fact it may even sell off as the hardcore speculators bail by early next week...my 2 pennies worth anyways.
"Risk comes from not knowing what you're doing."
Warren Buffet
Indeed a wise choice to begin scaling out of positions....bein that itza Fri & all & a long holiday US wknd ta boot.
Here's a copy & paste of what I've posted on the other board
today...kinda sux havin ta check & post on 2 boards now...especially since I'm on the 15 post per day budget...lol
1st post from earlier this AM over on Pip'n aint EZ
AP - July incomes drop by largest amount in 3 years
Friday August 29, 9:00 am ET
By Martin Crutsinger, AP Economics Writer
July incomes drop by largest amount in 3 years; consumer spending slowed as rebates tailed off.....
http://biz.yahoo.com/ap/080829/economy.html
What I think we have here this Fri AM is a lil greenback head fake to the north....& bein that itza Fri....it jus may very well last the next few hrs into the US close...also a long wknd in the US.
But come Sun afternoon & into the London Mon AM session....we very well may see some considerable greenback pressure to the south. I feel we're due anyhow for a pullback w/all usd crosses.
Tryin to scale out of all positions over the next few hrs into the close....dont wanna get caught bag holdin over the holiday wknd & whip sawed come PYPS (pick your pockets Sunday)...hehe
Cheers!!
edit....tell ya what tho....may not be a bad time to open a few usd shorts & risk the wait til the London open come Mon.
Maybe I'll go look for the most overbought usd chart & pounce?
& the one I just put up over there.....
I'm gonna go look a lil more into the fundi's & if they are what I'm guessin...I'll go out on a limb here & make a fairly bold call....the dollar will run into some considerable pressure from here on out thru at least the middle of next week....if not longer. Of course if any news to the contrary happens to come out between now & then...all bets are off...but if any supporting news to my call comes out....lookout below.
yeah....as far as that timeframe goes....priddy close to what I have....Oanda.
Thx!!
I'm gonna go look a lil more into the fundi's & if they are what I'm guessin...I'll go out on a limb here & make a fairly bold call....the dollar will run into some considerable pressure from here on out thru at least the middle of next week....if not longer. Of course if any news to the contrary happens to come out between now & then...all bets are off...but if any supporting news to my call comes out....lookout below.
"Risk comes from not knowing what you're doing."
Warren Buffet
when (& where) did ya get that quote?...
was it approx 90 mins ago?
I'm kinda on the other side...correlation wise....
I took a short usd/chf @ 1.1023 approx 30 mins ago..so far so good..up 5 & change.
"Risk comes from not knowing what you're doing."
Warren Buffet
AP - July incomes drop by largest amount in 3 years
Friday August 29, 9:00 am ET
By Martin Crutsinger, AP Economics Writer
July incomes drop by largest amount in 3 years; consumer spending slowed as rebates tailed off.....
http://biz.yahoo.com/ap/080829/economy.html
What I think we have here this Fri AM is a lil greenback head fake to the north....& bein that itza Fri....it jus may very well last the next few hrs into the US close...also a long wknd in the US.
But come Sun afternoon & into the London Mon AM session....we very well may see some considerable greenback pressure to the south. I feel we're due anyhow for a pullback w/all usd crosses.
Tryin to scale out of all positions over the next few hrs into the close....dont wanna get caught bag holdin over the holiday wknd & whip sawed come PYPS (pick your pockets Sunday)...hehe
Cheers!!
edit....tell ya what tho....may not be a bad time to open a few usd shorts & risk the wait til the London open come Mon.
Maybe I'll go look for the most overbought usd chart & pounce?
"Risk comes from not knowing what you're doing."
Warren Buffet
Yeah...I too hadda a nice lil 27 pip long Aud/Us ystrdy....from 8611 to 8638
Now I'm short....gonna try & go w/the trend for a change.....
short @ 8591 & lookin ta bail @ 8556.
Back to havin decent success the last few days...a nice change from my summer slump. Tho it's fairly e z ta figure out why I had that slump....now that I'm tryin ta keep up w/the flow of it all as oppsoed to trading in a hurry & not really giving the attn it deserves.....duhhh
W/re to the tunnel method....guess I'm gonna have ta look into more...I see the explanations of it....still don't quite grasp it...mainly cuz I'm TA challenged I suppose...lol
Gotta step away for an hr or so & get the 6 yr old off to school.....catch up w/ya's a lil later on.
Good AM...& Cheers!!
"Risk comes from not knowing what you're doing."
Warren Buffet
Jus be mindful of this manana.....
@ 12:30 PM GMT...High Impact
US Personal Consumption Expenditure Defaltor (YoY July)
Definition
A measure of inflation based on changes in personal consumption. Unlike the CPI, which is based on a fixed basket of goods, the Personal Consumption Expenditures (PCE) Deflator finds the average increase in prices for all domestic personal consumption. PCE Deflator has been shown to be a more comprehensive and consistent gauge of inflation in the US.
Recent Analysis and Insight into PCE Deflator, from DailyFX
Price changes may cause consumers to switch from buying one good to another. Whereas the fixed-basket CPI does not account for altered spending habits caused by price changes, the PCE Deflator's ability to account for such substitutions makes it the preferred measure of inflation for the Federal Reserve. Thus, changes in the PCE offer insight on the direction of future monetary policy.
On a Technical Note: In reality, the CPI and PCE Deflator report very close figures. On average the two differ by about 0.3% annually, with the CPI tending to overstate inflation and the PCE understating it.
Relevance: Tends to move markets on release
Release schedule : 12:30 (GMT); monthly, four to five weeks after the reporting month
Revisions schedule : Moderate revisions in the months following the report as more complete data is available, plus annual revision in July or August.
Source of report : Bureau of Economic Analysis, Department of Commerce (U.S.)
Web Address : http://www.bea.gov/
Address of release : http://www.bea.gov/bea/newsrel/pinewsrelease.htm
AKA : PCE Price Index, Chain Deflator, Implicit Price Deflator for Personal Consumption Expenditures , IPD for PCE, Chain-Type Price Index for Personal Consumption Expenditures , CTPIPCE
View Article: http://www.fxwords.com/p/personal-consumption-expenditures-pce-deflator-united-states.html
& note that there's also a few other related reports due out manana that may also effect the greenback....albeit rated w/a Medium Impact.
GL!!
closed out Aud long I see at 8638...nice lil 27 piper in the channel there.
Kewl!!
Cheers Kermit.....thx for the nod....hope it serves ya well going forward....itza 4x must fo'sho.
GL Kimosabe!!
Cheers!!
"Risk comes from not knowing what you're doing."
Warren Buffet
OK Simple.....why dontcha jus go ahead & say.....you didn't like my correlation link....lol
Just bustin your chops Kimosabe ;)~
& 69.....jus so ya know...& you may already very well realize....but there a several live 4x forums out there..some purely educational & some w/"experts"...however most are free....except those of course w/the "experts" who go over their live trades in r/t w/you.
& also...you may wanna know about a place that pays you for your calls.....well, at least for the folks who subscribe to your calls....you simply sign up (for free) & place your trades in r/t...& overtime if you prove to have decent track record folks will tend to watch your calls & if they do, you get paid a commission from each subscriber.....it's like a built-in commsh off the spread...folks pay a lil more but they are of course paying for your calls via a slightly larger commish that's split between you & the brokerage that does this.
If you want to learn about it jus say the word & I'll see if I can dig it up....dont recall the name of it jus now...maybe someone else here has heard of this place b4?
Jus thought it might be up your alley since it appears you wanna be a 4x Pied Piper of sorts....mo'power to ya Kimosabe!!
Sure is fun watchin someone new to 4x be so turned on.
Cheers!!
"Risk comes from not knowing what you're doing."
Warren Buffet
Long Aud @ 8611....
lookin for 25..8636 or thereabouts...at least 8636 before 8590...datz my call & I'm sticken 2 it...for now anyways ;)~
Jus hope the jpy correlation news don't wipe me out in the process.
"Risk comes from not knowing what you're doing."
Warren Buffet