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Ya know in genl & of course w/out knowing it....this is how I've been trading...lol....albeit a tad more conservatively...maybe 10-15% inside of what's explained as a true fib range....I guess you can consider my simplistic strat as trading w/fib training wheels ;)~
All I've been doing is looking for retraces primarily in the long term trend direction. Although because I've been having pretty good succees w/it, I've been getting less conservative....& this week that's proven to kill me.
Time to return back to a more conservative style...& possibly adjust my long term trend strat a bit....which has been greenback bear....perhaps the dollar is getting range bound here is finally close to its' bottom? Even w/the rate cuts looming (& gold in the high 800's) now I'm not so sure that the dollar is still poised for more significant moves to the south....we could very well see more continued bullish moves w/the dollar here....& that would stand to reason as its' been pounded quite hard over the last few Q's now.
Lotza great stuff here Bud ( & on all the other boards you've put up)....I know I've said it b4 but it can't be said enuff imo....I can't even begin to thank u enuff Kimosabe!
Cheers!!!
OK....take a few deep 1's 'n step away from the computer...
& few meditative "ooohhhmmm's" wouldn't hurt either...& remember....just because we're all out to get you doesn't mean u r paranoid :0
Given much of it back :((
& the update later on surely wont be any better...down approx 17% on the week....tphhfffttt!!!
Ahh yes....da ol' paint board job...dat b it...Kewl....Tanx Kimosabe!!
Shock 'n awe baby....shock 'n awe!!
I hope to spend some time w/u on the education board....fibs & macd (albeit pages 1 & 2..lol) is right up my very narrow alley.
Nice goin on the yrly there.
I need to go back & find the post where u instructed on how to copy the screen then save it as a jpeg....I still have the IHub link to post it....jus forgot what the ctrl-windows-? key thingy was.
Maybe on Sun AM (late am early afternoon for you) before Kick Off....Sat night if I'm lucky.....listen to me...Sat nite on Ihub & if I'm lucky no less....now how pathetic is that? lolololol
Happy Fri all.
Cheers!!
Only prob is...u cant go higher than 19% :0
I say Benny goes 1/2 & seals his fate as a behind the curve Chairman.
Here's hopin for the 3/4....no way we'll see a full....but if so.....gold north of 950 faster than you can say "Yosemite Sam!!"
So ya go for the fully reporting 1's do ya....
you must be a Union Man? ;)~
'n I'm right there w/ya.....been given away much of my hard earned profits the last few days.....good thing it's all demo.
The good news is..this is what I feel I must experience before goin live...it's the only real way to try & learn from one's mistakes. Agreed in that as far my KISS strat goes, this week the charts have been throwin me a curve of sorts....the good ol' law off averages is finally kicken my hiney I suppose. Short greenback positions have not been kind to me 1 bit. Go figure...w/all the ugly news comin oudda the US 1 would think the dollar would be havin more trouble than it has. Maybe we are at or very near the bottom here for the greenback? Good thing I stepped outside my comfort zone some & have played eur/jpy....that one has done OK for me....beginners luck it must be w/that 1.
But I will say this....it is nice to hear that someone else whose been having respectable results over an extended period has also been having some recent probs....indeed, misery loves Co :0
Think I'll go fairly easy today bein that it's Fri 'n all & try to regroup over the wknd.
But I'll end this 1 w/this lil mrkt diddy I got this AM...
BRIEFS
Energies - Higher inventories and longer term demand concerns pressure energies. Heating oil down 300, crude down 150 and RBOB down 300.
Yen - Yen corrects on profit taking and investment house activity. Japanese capacity utilization and industrial production to be released tomorrow (today).
Copper - March futures drop 630. US rate projections fail to encourage optimism in US construction market.
RMB - Fails to follow through on new recent highs as BoC stalls movement and pulls back the reigns.
Lumber - March futures post new contract lows as future construction questionable and supply lines open.
Thx HM!! Just curious.....
what info was added?
TIA!!
out eur/jpy short w/a nice start on the day....still doin battle w/the long cable.....no more eur/jpy + cable for me...lol
Housing starts down 25%!! I haven't read the entire story yet...but man alive dont those headlines say enuff :o
I read that as a good #...housing needs this yr to breathe a bit....find its' bottom by q2-3, stabilize by q4 & return back to the mean (a 3-5% annual appreciation clip). & hopefully by then, everything else in the US (sub prime, etc) will have found its' bottom w/higher corporate profits coming back into the fold...& if all the while the Dow can remain above 11,500 (which it should) then the US should be able to steer itself oudda this mess w/out too many more casualties....that's my 2 pennies worth.
On the AM monthly trade
short eur/jpy 157.40
long cable 1.9778 woops....have I gone vs myself w/these 2 positions?..if so a dreaded rookie mistake...duhhhh
& yrly
long aud/usd .8842 & .8826
the .8842 was risky I know....just dint want to miss anymore of that possible run....but alas...the fratboy virus found me & took hold :0
yeah yeah yeah.....so much for non-disclosure...I figure if I dont divulge my live 1's to the Guru's of this here board...how on earth can they "rate" my trades which will then allow me to learn from my mistakes? Then again I suppose a losing trade would say it all...lol.
Best stop know b4 I have a new yrs reso relapse here...
Roger dat....
the 5 yr old wants to go to Disney online now....so I guess u could say I'm bein booted from w/in :0
Just as long as she doesn't buy or sell anything for me....then again it'd prolly end up bein a winner...lol
Back later after Mickey & Co get their workout.
over the last few hrs it's actually improved for me....the main drag (other than bein booted..lol) is that it seems to take the charts longer to load....& switching from sub to sub takes longer as well....tho I've yet to be booted for awhile now.
'n I jus went long chf/jpy..albeit only lookin for 10-15...a dangerous play as it's in a southern mode.
Yeah..on the monthly I've given back apporx 1/2 my gains...on the yrly it wasn't all that bad. I was able to make a recovery of sorts today...at least I seemed to have stopped the bleeding...for the moment.
& w/my luck...if I do jump on that train to the north again....it'll prolly be the Polar Express :0
Thx...so 158.20 & north (on the 5 min) looks to be a decent area to go short if the opp presents itself...& maybe even a lil lower if ya wanna have a higher sl.
So having said that...I just went long @ 157.58...lol
Guess I should be postin all this on the appropriate board...& I should be hangin out there more to get the feel for this stuff...note to self ;)~
Well I think it's def sumtin that I should do/learn more of.
So to me that chart looks as if one should look for spikes to the north & short'em.
Am I on the right page?
How about lookin like the other Manson...
as in Marilyn? :0
As strange is it sounds....I'm kinda happy w/my recent losing results this week. I'm finally having significant problems w/my Simpleton strat....still gonna stay w/it & see how long this downturn in my perf lasts....hopefully it's just a lil bump in the road here lasting a week or so. But finally having a losing streak of sorts here is bring'n me down to earth...which I feel I need....a healthy grounding so to speak.
I think my mistake has been 2 fold
1) I'm trying to play the early fed cut....thinken it's gonna occur sooner rather than later & I'm finding that on this exchange, if you wanna be early to the game, you gotta be real careful.
2) & most likely the biggest issue....I have not been taking the usual amount of time in seeking out my positions....aka glorified dart throwing...lol
Guess it's time to step back, take a few deep 1's & regroup.
Well there's a way to fund the 4x acct....
tho he puts in 8 full.....I'd simply work both AM & PM commutes & get the most bang....say 4 hrs a day tops.
& of course take wknds off...so that 1/4 mil per yr would be more like 100K or thereabouts....'nuff for me ;)~
Now where's that windex bottle hide'n?
good deal....I realize it's a start-up & I'm sure given ample time all these issues were gonna be addressed.
Thx for all your help.
& what would be really helpful is a "who we are" link somehere on that demo request page...just a thought.
Thus far...all I've been able to learn about the platform is
"All trades on the Spot Trader Platform clear through Swiss Global Broker, AG. All Client funds are held securely and discretely with Credit Suisse"
Itza start.
Before I join a platform (even for a demo acct) I like to do as much research as possible on who I'm doing business with.
If possible I'd like to learn more about who the banks are that support your platform, exactly where I would need to wire $ to, physical addy, etc.
As I am sure you are very well aware....there are tons of questionable operators out there & you can never be too careful. I'm sure you understand & of course I am not assuming at all that the platform you represent is anything but credible.
BOL w/it & Thx for as much backround info as you can provide for us.
Cheers!!
Would love to....Oanda's makin it awfully hard....
Who are all the banks supporting your platform....do you have that info?
TIA!!
Ugly lookin futures....don't look now...
Dow -120 @ 1:01 :0
Ni TZzzzzzzzzzzz
Sounds like Chicken Lil's day is finally in sight :0
It all comes down to how desperate we become.....& at this point it's lookin as if come mid q2 or sooner, Uncle Sam would approve Osama for a few Yankee Doodle investments :0
Just kidden of course about the Osama part...but the bar will surely be lowered as far as scrutiny goes.
At times you gotta roll the dice & deal w/the Devil I suppose.
On the Fed front....now hearin that possibly before the opening bell on Fri there may be a "surprise" pre meeting cut....& I tend to believe it...at least I'm hopin they act now rather than wait til the EOM.
No it sure aint...but that's not a very good reason either imo.
After all...what good will the 'right direction' be if we (as in our future generations of course) dont have a viable planet to live on?
Nothing wrong w/signing the Kyoto....if he'd promise to at the very minimum do that he'd prolly have my vote.
Both econ & the enviornment carry the same critical high priority as far as this voter is concerned.
OK....puttin the political soap box away before Pandora begins to really salavate :0
Oh & btw....been gettin hung by the cable all day & even last night too....OUCH!!
Off for the K'garten p/up...
Cheers!!
After doin a lil more Ron Paul diggen....
not so sure I like his stance on the environment...
in short he feels that since the govt can't seem to do a very good job at it (or maybe it's simply cuz they choose not to?) it should be left up to the genl population to deal with....are you kidden me?
"his libertarian presidency would, among other things, allow drilling in the Arctic National Wildlife Refuge, boost the use of coal, and embrace nuclear power. Moreover, it wouldn't do diddly about global warming because, Paul reasons, "we're not going to be very good at regulating the weather."
Nuke power...OK fine...but come on....lets also at the same time try to work on reducing carbon emissions....sounds like he'd never sign The Kyoto Pact either.
& it goes on....
"On environment, governments don't have a good reputation for doing a good job protecting the environment. If you look at the extreme of socialism or communism, they were very poor environmentalists. Private property owners have a much better record of taking care of the environment. If you look at the common ownership of the lands in the West, they're much more poorly treated than those that are privately owned. In a free-market system, nobody is permitted to pollute their neighbor's private property -- water, air, or land. It is very strict."
Sounds like an environmental cop out to me.
His stance however on econ policy....now that I can handle.
http://www.grist.org/feature/2007/10/16/paul/
Maybe itza jus a head fake but aud/usd sure is tryin to find its' bottom now....I might've been too late to the game w/that short.
Classic Olbermann..Thx!/eom
I have 1 w/them already....I tried them a few mos back....might have to make a return visit. My 1st impression was kinda like what I had w/Oanda right oudda the gates....took me a considerable amt of time to feel comfortable with it..actually, never did really get to my true comfort zone w/fxcm. Tho like anything else ya gotta give it enuff time I suppose.....+ if Coach rec's it, then it's not to be ignored ;)~
Will do....& I'm already out of that aud/usd long w/7 pips on a lil rebound here...now on the short side @ 8880..& lookin for a lot more than 7 pips....hehe
Agreed in that what I now need is a good chart & news feed service...that combined w/a brokerage (help_me's perhaps?....still would like to know who the banks are & where they are located before making that decision tho) & I think I may go live w/all this by early summer...maybe sooner...albeit w/a very light bankroll & leverage to start out with.
I already have my Coach (wink) so I think after I find the above mentioned ammo there's not much else I can do to prepare myself for the real McCoy.
Now there's a good reason for the movement...lol
I'll just play it as a scalp w/in the downtrend....look to get out w/10 or thereabouts pips.
& thx for all the other info., fibs, interst rates, etc...good stuff. I figure if I can figure this Fibonacci dude & MACD I should be OK in using those 2 tools along w/what I've been doing. My goal is to not go too deep at all into all the fancy t/a tools....just enuff to raise my success rate by a few more % pts.
What's w/the aud/usd move to the south that's goin on right now....wow!! It started right around the NY open.
Did the new PM put the screws on to lower rates by any chance?
Or is some fat multi-nat movin stuff around?...both perhaps?
Can't resist goin long here...it's just about back down to the 5 day mark...cant see it movin too much more to the south.
;)~ you take the next hr.....& thru the rest of the night if ya want....I aint gonna be up much longer.
I kinda picked up the slack jus a lil while u were goin thru finals last week.....now that u r back, pls, by all means...lol
Dow Futures -54 @ 00:31/eom
The story of the turtle & the hare come to mind :0
Rest well & have a safe drive...& here's to the much needed & overdue shock 'n awe Fed move.
Cheers!!
& w/those cuts a very high probability....aint it awfully risky to be going long the greenback? Even at these depressed levels.
& Thx Help_Me for the info...one last ?...how 'healthy' are the brokers who are participating w/the platform?
Do you have a collective ave liquidity # for them?