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Yeah but it still smells....lol
Agreed w/ya on that Street piece.....bottom line, the 4x mrkt is a far better "game" than the equity mrkt imo. Like anything else tho, one must 1st educate themself on all the ins & outs...such as risk, etc. For the Ave Joe Q Investor however the 4x mrkt surely aint for them as it truly forces one to apply themselves if they wish to be successful over the long haul. W/stocks, the learning curve isn't as steep & its' for a shorter duartion vs 4X...primarilly cuz of the added inherent risk....& also w/4x, one needs a greater bank roll to survive the tide when it turns....& we all know it will turn...lol Tight sl's are your friend eh...lol
OK...turnin im on the night here....so where I'm sitten at...it looks like gold is a decent buy here as well as the aus/usd
I grabbed some gold @ 810.450 & lookin for 813.259 w/a sl of 806.408...prolly should set that sl a lil lower but w/the overnight dow futures lookin as if they wanna tick down I
think I should be OK there...or shall I say I hope? lol
Also went long aus/usd @ 8821.5 lookin for 8844.1 w/a sl of 8786.5...that sl is a lil too wide...& if that sl does hit....it'll hurt some & put me back a day or 2.
Tho if all goes as I think it should....the US mrkt will see some follow thru in its' sell off from today placing even more pressure on the greenback allowing both gold & the aussie to gain some overnight ground for me....then again....wtfdik? ;)~
Cheers & Ni TZzzzzzzzzzz
Next stop 13K or below...I'll say by Xmas or sooner.
Then it's down to 12,750 once again by mid Jan....or sooner.
12,250 by Super Bowl...maybe mid Feb & if the Fed still remains behind the curve by then...I'll say we see a bottom in the 11,500 - 11,750 range by April...hopefully not sooner...lol.
It shoulda been a 1/2 pt ystrdy...now everyone is really gonna freak goin into the holiday.
The good news is....for the big fish & those who have ample dry powder on the sidelines...there's gonna be (already is in some cases) some awfully good large to mid cap long term blue chip bargains out there.
14K is gonna be awfully tough to break thru in this environment imo.
There was a time (back in early summer) when the roi's jived to the exact %.....then all of the sudden they didn't seem to be calculated correctly & its' been this way now for a coupla months....at least.
I think I 1st recall bitching about this sometime in Aug or Sept if I'm not mistakin.
"around this time every year it looks like it drops a bit.."
could perhaps 1 reason be for end of yr tax consequences...i.e. cap gains or tax loss?
Thought I'd post this here as well for any newbies lookin in.....
http://www.thestreet.com/_htmlmdb/markets/currency/10393651.html
& here's a C&P job of what I added on the other board a few mins ago....
Hmmmm are the equity folks gettin a lil nervous that the 4X outfits may be finally beginning to eat into their profits? lol
Funny how they try & stear folks away from 4X & rec'd a beavy of equity related funds.
Tho in genl what they say about risk & everything else is something everyone should be well aware of before jumping into 4x....I did sense an air of fear in this piece.
Hmmmm are the equity folks gettin a lil nervous that the 4X outfits may be finally beginning to eat into their profits? lol
Funny how they try & stear folks away from 4X & rec'd a beavy of equity related funds.
Tho in genl what they say about risk & everything else is something everyone should be well aware of beofre jumping into 4x....I did sense an air of fear in this piece.
http://www.thestreet.com/_htmlmdb/markets/currency/10393651.html
& w/re to tonight's updated figures.....I have NO trades on the books & haven't had any for well over 2 hrs now & they are giving me an roi of 103.44%.....yet I am showing a realized P&L of + $31,567.57 & an acct bal of $81,031.90...the diff between the 2 being interest I presume.
I of course began w/50K & did reset my PL's prior to the 1st.
So should not my roi be approx 63% or thereabouts?
As much as I'd love to say I've achieved a lil over a double thus far on the month, that simply is not the case....which of course makes me wonder about Danvelvet's 400+% & everyone else's for that matter.
I realize as the CaT has said that the #'s aren't really all that important....but by the same token, what's the point of keeping track if the #'s aren't gonna be consistently clean?
If no one else can come up w/a decent answer as to why Oanda has been consistently reporting these strange #'s I will try & contact them about it...being off by approx 40% is crazy!
Tho since it's only a demo acct bug here I'm not all that hopeful they'll give me a decent answer or even one at all...lol
Yeah....many times I feel like the jack rabbit there at the 1.:20 mark from the clip off of post 17,614.....LMAO!!!
Maybe I should change my handle to Roadkill :0
Just curious CaT.....does your 56+% truly jive w/what you really had @ the time of the update last night? If they are doing to you what they've been doin w/me.....you should actually be better than 56%.
At the time last night I was closer to your 56%...which admittedly is not as far off as they've been in the past w/their reporting.
If I don't make another trade today I should show an roi of approx 62%....for some reason, last nights figures dint show the majority of my gold profits after immediately exiting all positions @ 11:15 am pst right after the FOMC rate announcement. & since then I'm up another 6% +/- w/a total $$$ roi of $31,069.
At any rate, you may have overtaken me for the moment on that very "muddy" outside turn.....but that clubhouse turn is still several lengths away....& my dose of lasix has yet to really kick in....lol
LMAO JRB.....now I know what my prob has been....
3 fold.....
1) drink less than 10 beers
2) punch myself instead of cursing myself
3) rotate in my chair less than 10 mins :0
& yes, w/re to the dealer comment....as we all know, it's best to be da casa ;)~
Hope the black eye is healing
I've entered in more than 1 contest before @ Oanda.....seems to me there could be a monthly & a seperate one for a qtrly (or longer) event....as long as there's interest....of course it's a moot pt otherwise.
I'm game if there's at least a few others.
Musta've....rumor has it ever since they've been reduced to a steady diet of Top Ramen :0
But never completely count'em out....they may be down, but not out....dem Geisha's have resilience ;)~
& be VERY aware at all times of that lonely Japenese housewife effect....lol
IF you don't get stopped out b4.....10 yrs sure is a lotta time to hold ANY currency...let alone a developing country like India.
Chances are you'd make more on a 5% CD over a 10 yr period..lol
1/4 pt funds....1/4 pt discount...immediately bailed oudda gold w/a decent 2-3 day profit....talk about a trigger finger...lol
GL all.
Sorry....posted on the wrong board....knew that would happen...& it sure didin't take long....lol
I shoulda've posted the following here....
"& w/re to my competition idea....I'll respectfully disagree w/ya.....I like to think folks around here have thick skin & can handle it.....+ it would provide an incentive to take it more seriousley...especially at the end of the month when folks tend to trade outside of their typical strategy in order to pull off a huge late game comeback ...which I happen to think is wrong....it should mirror as much as possible the prior weeks...otherwise it is not a true guage of ones' consistent performance over the long haul.....in short, someone could have an awesome 3+ weeks & then someone else whose been in the crapper can simply throw it all up for grabs & get lucky stealing the other persons 'thunder'. & din't you previosuly say that the true spirit/nature of the comp wasn't in the #'s....it was to train & help folks become better overall traders? If that's the case, wouldn't a better trader be one who trades in a steady, consistent risk reward manner?
This idea would help to emplore that mentality imo.
No worries...just thot I'd add in my 2 pennies worth on your reply....either way....& if one truly wants to gauge their 'over the long haul' roi (which everyone should be doing if they truly want a good yardstick to go by) they should already be keeping track of all their monthly roi's & thus being well aware of their collective averages as times marches on....after all, if you don't truly know where you stand, how can you possibly begin to improve?
I'm a firm believer that one learns far more by their losses than their wins.....& the mistake many folks make is exaggerating their wins & forgetting about their losses. A mature trader is not fearful of losing, in fact if one embraces their losses in a productive way, it can prove to be far more educational than any gains."
Yeah.....this time my typical MO of bailing oudda profitible positions earlier than planned worked out for me.....most times I bail too early...waay too early so I really never make a huge killing on any one trade....or at least to the exit point that I originally set when going into positions.
So you're training your daughter....nice! I have 2 myself....tho a lil young for 4x.....2 & 5....maybe I'll intorduce'em to the mrkt next yr when they're ready...lol
USD/CHF.....I feel quite lucky to have bailed on that short last night when I did @ 1.12680.....went in @ 1.12783....fee-U!!!!
(OT) Don....you fly? For a time I was studying ground school....had to put it aside but at some point still want to pick it back up & get my single engine rating...eventually double cuz I hate flyin slow...lol Where are you...you have your single I presume....& then some perhaps?
We live approx 4.5 miles due west of our local muni airport.....pretty much a straight shot off the runway. We have a few corporate jets fly oudda there from time to time as well.....& get this...one dude even bought one of those old Russian Migs that they had up for sale several yrs ago.....he buzzes us every now & then & we think it's the beg of WW III :0
& w/re to my competition idea....I'll respectfully disagree w/ya.....I like to think folks around here have thick skin & can handle it.....+ it would provide an incentive to take it more seriousley...especially at the end of the month when folks tend to trade outside of their typical strategy in order to pull off a huge late game comeback ...which I happen to think is wrong....it should mirror as much as possible the prior weeks...otherwise it is not a true guage of ones' consistent performance over the long haul.....in short, someone could have an awesome 3+ weeks & then someone else whose been in the crapper can simply throw it all up for grabs & get lucky stealing the other persons 'thunder'. & din't you previosuly say that the true spirit/nature of the comp wasn't in the #'s....it was to train & help folks become better overall traders? If that's the case, wouldn't a better trader be one who trades in a steady, consistent risk reward manner?
This idea would help to emplore that mentality imo.
No worries...just thot I'd add in my 2 pennies worth on your reply....either way....& if one truly wants to gauge their 'over the long haul' roi (which everyone should be doing if they truly want a good yardstick to go by) they should already be keeping track of all their monthly roi's & thus being well aware of their collective averages as times marches on....after all, if you don't truly know where you stand, how can you possibly begin to improve?
I'm a firm believer that one learns far more by their losses than their wins.....& the mistake many folks make is exaggerating their wins & forgetting about their losses. A mature trader is not fearful of losing, in fact if one embraces their losses in a productive way, it can prove to be far more educational than any gains.
OK.....where's Helicopter Ben...my gold is beg to make its' move up.....but if Ben only give us a 1/4 pt then I think this is just about all I'm gonna be gettin oudda this trade....it's @ 809 & I'm in heavy w/3 lots @ an ave of 807....would love to see 815+ oudda this trade but I'm not so sure a 1/4 pt is gonna be good enuff for that? 1/2 pt & I'm golden.....hehe
GL all in playin Uncle Ben's move in a lil while.
Cheers!!
Almost forgot....have an idea w/re to the monthly competitions....how about this as more of a long term incentive in addition to the monthly winner...why not take an ave over a 3-4 month timeframe...the one who has the overall highest roi over the long haul wins somethin?
Seems to me it's far more important to consistently place high each month.....if anything, it might make one think a lil harder about goin for broke at the EOM....especially if they have a steady positive monthly roi.
Just a thot.
Presently jus doin my same ol same ol......nibblin gold on the few & far between dips goin into manana's cut.....a 1/4 pt (which I think it'll be.....tho I feel it should be a 1/2...The Fed is ALWAYS behind the curve) & the upswing on gold wont be as dramatic.....a 1/2 pt & it's off to the races.
Also just took a short usd/chf @ 1.12783...thinken that may be good for a conservative 30-40 pip move to the south goin into the cut.
GL w/that eur short....u may have to stick that one out for a few days post cut.
IMO, even w/the dollar at these levels.....goin into the cut, it's still a good short all around.
Cheers!!
as well as this game...
hehe
danvelvet33 63 191,160,143 -36.67 0.25 118.54
twister95 6 6,000,866 -0.60 0.16 35.14
raiderdad 30 9,339,465 -4.03 0.47 33.16
AtaGlance2 76 40,184,889 -20.43 0.11 28.52
jorge 3 4,686,600 -17.61 0.26 17.71
Jester_Vandalay 32 6,440,016 -3.38 0.39 13.90
jrbscrazy 199 27,917,654 -5.40 0.24 6.31
stavros_maniak 44 21,921,395 -16.89 0.14 6.02
hawker800 40 9,217,810 -13.00 0.11 5.78
Piticul Din Poveste 52 28,911,070 -11.11 0.10 4.14
ptashek 64 53,211,904 -0.75 0.63 3.38
Stefanie Ahrendt 3 1,317,625 -0.02 0.36 2.74
YingYang 2 218,835 -7.43 0.23 1.79
amminfx 0 0 -1.37 0.20 1.56
Ankit 2 1,999,376 0.00 0.33 1.54
ruberik 41 360,764 -1.19 0.10 1.26
mimo421sk 205 1,406,106 -0.16 0.43 0.98
sagitarius_d 9 1,691 -1.23 0.13 0.92
sean 12 3,932,006 -3.51 0.14 0.87
hawker800XP 8 2,591,606 -4.93 0.02 0.41
Aleksander 14 28,372,229 -9.39 0.03 0.33
warning 2 219,568 0.00 0.35 0.20
surveybeta 0 0 -0.05 0.18 0.18
xf 0 0 0.00 1198.52 0.16
anuj 0 0 0.00 -0.30 0.14
Goidito`s FX Fund 0 0 0.00 395.00 0.14
pigtrader 0 0 0.00 330.20 0.12
Zhen 0 0 0.00 291.20 0.11
mld 0 0 0.00 290.62 0.11
rehmann 0 0 0.00 290.52 0.11
kenny yoong 0 0 0.00 267.00 0.11
andrewg 0 0 0.00 286.27 0.11
AGGRESSIVE EXPERT 0 0 0.00 274.11 0.11
endyen 0 0 0.00 294.86 0.11
marianna28 0 0 0.00 290.87 0.10
degia 0 0 0.00 292.19 0.10
vasiliki_kon 0 0 0.00 268.83 0.10
Ori@SamawaCity 2 20,577 -0.00 -0.35 0.09
Moonzonezturn 0 0 0.00 243.79 0.09
vipatel 0 0 0.00 136.51 0.05
Fernando 0 0 0.00 108.92 0.05
Ronggur Leonardo Sinurat 0 0 0.00 124.08 0.04
david 0 0 0.00 79.00 0.03
diegoman 1 146,453 0.00 0.35 0.03
CabocloSP 0 0 0.00 746.45 0.02
pirrup 0 0 0.00 24.72 0.01
life0rally 6 243,291 -0.09 -0.35 0.01
Venkatesh Nagarajan 0 0 0.00 138.29 0.01
Prestige111 0 0 0.00 15.47 0.01
fireant 0 0 0.00 0.76 0.00
Learning2trade 0 0 0.00 1.17 0.00
12821 0 0 -0.04 -0.06 0.00
Janus 0 0 0.00 0.00 0.00
darkstonexa 1 4,430 -0.35 -0.20 -0.02
apforex 120 338,240 -3.45 -0.33 -0.05
fibo618 8 526,442 -8.86 -0.28 -0.13
itsme 0 0 -0.45 -0.13 -0.14
fratboy72 134 3,336,411 -0.68 -0.23 -0.25
fxgamer 83 4,132,811 -0.47 -0.15 -0.35
ROMANIAN 36 1,053,634 -1.24 -0.07 -0.47
Sky_blue 40 3,044,302 -5.73 -0.54 -0.64
lucky9 30 6,095,968 -16.26 -0.10 -0.83
Harpa 18 58,644 -12.83 -0.26 -1.07
jcv2001 20 2,780,955 -12.17 -0.79 -1.61
forexnetworth 2 4,072,020 -9.57 -0.35 -3.75
uzo 18 16,063,844 -12.11 -0.15 -4.30
MaZae 59 9,207,839 -3.12 -0.45 -7.37
helvetia hero 173 259,678,625 -18.27 -0.61 -21.11
hc_cheung 1556 797,819,516 -53.14 -0.31 -38.37
Winner 44 162,318,507 -24.35 -0.46 -39.00
MoeGreen 28 13,908,969 -13.86 -0.55 -74.22
*Statistics reflect account status as of December-10-2007 00:00
& how ironic where that # acutally went thru to...figures...& par for the course ala bush....lol
You speak as if bonds is already in Oak....aint a done deal & I know for a fact that BOTH Anaheim & Seattle will offer him more than Oak....only ? is, is bonds willing to re-lo for a season for the $$$ ?
W/re to MLB smack.....it's FOOTBALL season dontcha know...then again...perhaps I'd rather talk about bA'Seball...lol
Nope.....haven't a clue as to where we can go....then again, I don't have much time to talk smak....let alone all things finance & the 4X mrkt.....you'll have to go find another sparing partner for that I suppose...now back to the Oak/GB game.
? for Help Me
W/re to the platform....does it offer trailing stops & will it also offer gold & silver as trading options?
Either way I'm lookin forward to demo'n w/it.
Agreed.....especially considering no one else (other than Hugo) is onboard w/em....nothin more than pathetic financial saber rattling that in the long run could actually hurt both Iran & Ven.....hopefully...hehe
& a very GM to you as well.
I've never attempted anything more than 20:1....& kinda feel as if even that is oudda my league....but thus far over the last 5-6 mos it's worked for me.
So are you now finally demoing or did you actually go live?
Shorting gold in this low interest rate-cutting enviornment sure is risky imo....even considering the fact that gold is chanelling near ath's. We see a 1/2 pt cut & I'm thinkin gold will get back to the 830's (& quite fast) & could very easily bust thru 840+
Oh man....are we goin to have ta post on both boards now? lol
Just posted this on the other board.....
A Buddy of mine up in Wash St said this about that
"what they're not telling you is that Chavez of Venezuala spearheaded that movement at a recent OPEC meeting, and everyone except the Iranians told him to get f'd."
I didn't know that....but sure makes sense to me. Why on earth would everyone gang up on the greenback when most think it's due for a rally? Kinda like selling a highly rated blue chip stock when it's in the dumper :0
If they go a 1/2 pt it'll be a sure sign of how bad they think things are.....if it's a 1/4 pt then the mrkt most likely will respond negatively as most think we need a 1/2 at this stage.
The one lil wrench in the fire now that could just give us a 1/4 pt was the job's #....a stronger than expected # thus making the 1/2 pt'er a lil more of a long shot here.
What will Helicopter Uncle Ben do? Been quite awhile since we've seen a 3/8's haircut....lol
& buddy of mine up in Wash St is sayin this about that....
"what they're not telling you is that Chavez of Venezuala spearheaded that movement at a recent OPEC meeting, and everyone except the Iranians told him to get f'd."
I didn't know this....but it sure as "h e double hockey sticks" makes sense to me.
Hard to imagine folks around the globe ganging up against the greenback while most believe it's overdue for a correction.
& w/re to that thread & faxed comments to me on that.....as for me (since you asked & "seem" to care about my beliefs on the matter...lol) I think the dollar wont really begin to find its' rally legs til we begin to see just exactly where these rate cuts will end....maybe in another 2-3 Q's out. Having said that, it very well may be w/in 10% of the bottom (hopefully no more) here...& sure, we may see some spikes here & there over the next few months...but I'll say its' now in a trading range of sorts until the Fed is done playin the game.
& w/re to bonds......for now, it's all chatter/rumor as nothings been inked.....but I will give you this...it's lookin more & like it could happen.....sure hope not.....& if so I may even give up my 22 game plan in protest.....however, if it does happen, he surely wont be gettin the big bux like he's acustom to.
Correction....
w/re to....
"SG.....I am very interested in learning more about your trading platform. I too have been doin some considerable platform research over the last few mos so I'm eager to hear as much as you're willing to divulge at this point w/your venture. I've also done a lil trading "robot" research as well & wondering if your platform will include this feature as well?"
That shoulda've been addressed to "Help Me" not SG....apologies.
Excellent advice w/re to risk/reward there.....
One of the very the 1st things imo any newbie should understand here is that in the 4x mrkt, much more so than the equity mrkts, the individual trader isn't even considered plankton in the vast ocean....meaning exactly what you said....one can easily get crushed in less than a nano second in this exchange....& for no real apparent fundimental or TA reason either.....could simply be 1 large multi national deciding to move some currency around in order to allocate a more favorable position for one of their deals....& all of the sudden w/in mins you see a 50+ pip move.
From what I've come to learn, for the big fish in this mrkt.....making a profit is surprisingly not necessarily motivation #1 (which of course it is for the individual speculator)...they move their currencies around in order to make for a more favorable biz enviornment. If it'll cost'em a few mil (or more) in losses on the trade, they'll more than make up for it on the business contractual end....whatever the deal may be. So this adds an element of the unknown that no one can even begin to handicap when deciding upon a trading strategy & how to enter into a position. As I've come to learn....tight stop losses are your friend....as are trailing stops & unloading some profits on the way up.
Nice to have 2 4X boards to visit now (when I have the time...which unfortunately has been quite limited as of late)....I'm a newbie of sorts from the other IHUB 4X board where Ataglance hails from. Been demo'n since approx June & havin fairly decent results (actually won a contest my 1st month back....Ataglance can vouch for me on that 1...hehe) w/a few various strats. I actually 1st demo'd for a month or so back in early 06 but then had to devote that time to other priorities....happy to be back learnin the ropes once again.
Been gettin hooked on gold the last few months & been tryin to absorb as much as possible. I'm thinken if we see a 1/2 pt cut next week gold will re-test the 830's & could quite easily bust right thru that. Tho I'm now hearin chatter that the 1/2 pt cut has already been baked in.....so who knows?...surely not I...lol So if that's the case, a 1/4 pt cut & we see an immediate sell off & a 1/2 pt cut we see a minor rally on the dow before it sells off....just like the last 1/2 pt haircut...tho that rally was fairly big.....don't think we'll be seein a rally quite like that on another 1/2 pt cut....but again....WTFDIK? LOL
SG.....I am very interested in learning more about your trading platform. I too have been doin some considerable platform research over the last few mos so I'm eager to hear as much as you're willing to divulge at this point w/your venture. I've also done a lil trading "robot" research as well & wondering if your platform will include this feature as well?
OK...enuff ramble.....lookin forward to learnin from all you Guru's & making contributions where & when I can.
Cheers!!
Wasn't there someone here a while back asking this same question?
Agreed.....& if I were Castro, I'd be warning my brother as well to be on the lookout for "whackers" :0
Castro's pretty much toast if not already....thus Fidel's lil bro now carries big bro's bullseye.
But agreed....it's the flow of oil that's the real issue here....sadly. The US et al seriously needs to get greener 'n greener.....we MUST reduce our thirst for Bush's fav drink....Texas Tea.
Here's a lil green tidbit I read this AM....did you know that if we all saved approx 2 feet of holiday wrapping ribbon, it'd make a bow & wrap itself around the entire planet.
Cheers!!
So we went from a starting bank of 20K to 50K?
Sorry......haven't been able to pay much attn at all...to both this board as well as the exchange. Doin all I can these days just to follow the major mrkt indeces & the basic flow of financial news.
Having said that....could we be seeing a head fake here the last few days w/the 3 majors (Dow, Naz, S&P) or does shorting over the next 3-4 months seem like a good idea?
My .02 cents (worth maybe 1/2 that.....but I will say this I do recall calling 12,750 on Dow approx 5-6+ weeks ago.....think I did that here right around 14K...not sure tho if it was here....maybe someone recalls?) the fundi's still dont add up & just the fact alone that Fed is feelin all this pressure to cut means they aint too confident about things to come either. The last 4 days of green could be attributed to mainly 2 things
1) Bottom fishers...tho admittedly there does seem to be several decent blue chip/cream of the crop quality out there at present...at least over the long haul.
2) Hopes of another fed haircut
& as we've seen in the recent past....a rate cut may help for a few days....maybe a week or so.....but over time, we all know that it aint gonna fix a thing....like using a bandaid when what you really need is a few stitches. :0
I'm still thinken there's some room to go as far as a total correction goes. 12-12,250 before 14K is a call I can side with. '08 should be a yr of uncertainty for the US w/the election looming, the dollar lookin for its' bottom, maybe a few more fed cuts, etc.
So I gotta ask myself here.....considering all this, how on earth can the 3 major indeces get any real momentum going?
As far me...as much as I love volatility, I don't really like it at all when it's in broader indeces tyvm! Let's keep the volatility to the 4X & be happy w/that...lol
I'd realistically like to see '08 be a yr of stabilization
(I'm still a 'lil' weary of the "R" word however) in the US...something to build a strong new new base on....like a steady range in the 12,000-13K neighborhood...wait for all the dust in Nov to settle & then comeback w/a vengence in '09 bustin the door down right thru 14K & beyond.
Considering all the news that's out there now I'll be quite pleased if at all plays out this way...my fear however is that I might be painting a rosey picture.....sure hope not.
Cheers!!
Grrooovey Baby!!!
As Johnny would say....
& a very happy bird to u all as well.
Just 'dropped' in to say that....no yappin 4x biz for me today...just some much needed R'nR w/the fam.
Hope u all r doin the same.
Peace!!
& of course...cheers!!!
WB
Oh so now that you're havin a good month all of the sudden it matters now....lol Like I've been sayin for sometime....(at least 2 months now)...somethin seems amis w/how they're reporting....it aint even close...30, 40, 50+% off.
Kinda takes some of the fun out of the competition aspect of it all cuz you really don't have a decent clue as to where you stack up vs the field.
& CaT....I respectfully disagree....it does NOT all come out in the wash.....the EOM ROI #'s have never been corrected to my knowledge....makes it hard to figure out who the real winner is.
W/re to the carry trade thread....thx for all your help there. I gotta tell ya...it was my understanding that the whole idea of the carry trade to was simply bag the risk-free interest....which as you've said is not necessarilly the case. Thus, I see no real benefit for this kinda trading tool/strat...seems pointless to me now.
Sorry I've been a stranger as of late.....haven't had any time at all for 4x as of late....& the demo acct shows it...lol
I walked away w/a buncha open long gold positions...& of course w/out having set any SL's on any of'em.....never needed'em b4 w/gold over the last few mos....lol
& now I come back to see gold has retraced & all my positions we're margined out of course :0 I was up close to 75% at one point this month prior to being margined out...now down a country marathon...lol
Sure hope JRB caught the sell off there...I know he was sayin he was eyein that one for quite sometime there.
OK....not sure how much time I'll have 4x over the next week or so w/the holiday coming up....got the bi-annual epidural for the back slated for next Wed AM as well....should be down for approx 36-48 hrs therafter recoupin...then I'll hopefully be able to do battle w/Superman again ;)~
Hope all's been well w/everyone around this joint....& if I aint able to make another post b4.....have a happy Turkey Day to all we Yankee Doodle's.....& if ya want....save a turkey & eat a pig...unless you happen to be of the Orthodox Jewish faith ;)~
Cheers!!
Well then wouldn't this make it NOT a true carry trade?
Isn't the whole strat of the carry simply to bag the interest while not having to worry about what direction either side of the trade trends?
Seems to me w/re to the NZ/JPY carry...it's tough to initiate the carry since there's no direct NZ/JP pair on the board.
I was under the impression that as far as a carry trade goes, it makes no diff how many pips u r up...cuz on the other side u will always be down the same amt that u r up on the other side....minus the spread of course....which you would make up in interest of course as long as you hold it long enough.
Tell me Sensei....what am I missen here?
I get how it's claculated....thx however for the copy & paste job.
Putting the accrued interest calculation aside...
my ? here was...how come the trade thus far has an overall negative roi?
Subtracting the losing side of the carry from the winning side of the carry....should you not be close 2 a b/e #?
Carry ?...again....
Just dawned on me....cuz I just checked up on the status of the trade.....as instructed, I went long NZ/US & Long turtle w/equal amts.....ystrdy as mentioned the trade was well up, at that time I shoulda figured hey, if it can be well up, then of course it can also be well down....which it is now.
I thought a true carry trade is always balanced...if there's losses on one side, there should be pretty much equal gains on the other...thus leaving you w/the interest.
Right now this trade is under water by over $4,200.....no carry should ever be under water by that much.....what am I missen here?
TIA once again!
Cheers!!
'n dem dare 2 fellerz sure look as if they've tossed a few granaids in their time ta boot :0