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Cookin the books in an election yr perhaps?
Ya think? lolololol
Would love to see an unbiased fully open book audit on these #'s....& me thinks the Dems may very well be workin on that over the wknd & coming weeks.
Hard to believe that under the present conditions Bush is actually shrinking the def.....then again, it couldn't get much worse...could it? :0
& 1 more Looney tune......
Canadian dollar to reach US$1.10?
Jacqueline Thorpe
Financial Post
Wednesday, October 03, 2007
TORONTO -- Donald Coxe, one of the loonie's most relentless bulls, said the currency could continue its rampage to US$1.10 in the next 12 months or so.
Mr. Coxe, global portfolio strategist at BMO Financial Group, began predicting parity for the loonie as far back as Oct. 2004, well before much of Bay Street.
He says the decline in the greenback will continue until the U.S. current account deficit slides under 5% of GDP and economies in Europe, Japan and Canada start crying uncle.
Currently, the U.S. current account deficit sits at about 6.8% of GDP and the major economies are absorbing the gains in their currencies against the greenback remarkably well.
"What we're seeing here is just the early stages of the next phase of the U.S. dollar devaluation," Mr. Coxe said in an interview. "What has not happened yet is the euro and the [Canadian] dollar have not reached the stage of gigantic pain in those markets and the only way in which the U.S. is going to get its trade deficit back below 5% of GDP is with real pain in Canada and the Eurozone and also by a move on the yen and the yen hasn't yet made its move."
Mr. Coxe sees the yen strengthening to around 100 per U.S. dollar from around 115 now. On Tuesday, the Canadian dollar was trading around US1.0018 as the greenback staged a rebound.
Although some economists have said strengthening of the yen may relieve some of the upward pressure on the loonie, Mr. Coxe said Canada is too entwined with the U.S. economy to get much relief. Canadian fundamentals against other major economies are also too strong for international investors to ignore.
He said if Canadian banks didn't have a cloud hanging over them from the ruckus in the asset-backed commercial paper market, foreign investors would likely be piling in, driving the currency higher. Planned increases to Alberta's energy royalty take may also be temporarily be putting investors off.
Mr. Coxe says the one major drag on U.S. manufacturing is health care, which companies have to price into their products, unlike any other major economy.
The greenback will have to come down to compensate.
"BMW can send a car to the [United States] with zero health care costs in because it goes into VAT [value added tax] which isn't priced into exports," he said. "Similarly with Canada, it's all carried off somehow into the tax system."
The U.S. tort system, which holds parties liable for injuries to people or property, is also a heavy cost, Mr. Coxe said.
While General Motors Corp.'s health care deal with United Auto Workers union may take some of weight off U.S. manufacturing, only time will tell if similar deals spring up.
Mr. Coxe adds the loonie will continue to get support from the commodity boom that still has years to run. Although Canadian mining companies do not actually produce a huge amount of ore and conventional oil wells are slowing, Canada still boasts the oil sands.
Financial Post
jthorpe@nationalpost.com
da da da da datz all folks!!!
& now back over to the left side of the pond.....
Loonie expected to be back below greenback next year
Hits three decade high
Eric Beauchesne
CanWest News Service
Thursday, October 11, 2007
OTTAWA - The resource-fuelled loonie soared to another new 31-year high Thursday of nearly $1.03 US amidst rising prices for oil and gold, and more predictions that's it's going even higher before going lower.
"From a commodity-price perspective, there is room for further Canadian dollar appreciation during the months ahead, and little reason why the loonie should sag from current levels," said BMO Capital Markets economist Michael Gregory, adding that it could test the 1957 modern day high of more than $1.06 cents US.
However, a year from now it could be back in the mid-90 cents US range, he added, noting that the loonie is flying well above measures of its relative purchasing power of less than 90 cents US.
The loonie's latest surge occurred despite evidence of some slowdown in both the export and domestic sides of the economy, with declines in both exports and imports and a further deceleration in new-home prices.
After reaching a high of $1.028 during the day the loonie eased off to close at $1.024 cents US, up from $1.02 cents US Wednesday.
Most other currencies also posted gains against the U.S. dollar despite some unexpected signs of economic strength there, including a smaller-than-anticipated trade deficit in August and lower-than-expected number of jobless claims in the first week of October.
While the strength of the Canadian dollar has sparked calls by the struggling export-oriented manufacturing industry for a cut in interest rates from the Bank of Canada, a panel of economists urged it to keep rates steady next Tuesday, its next date for any rate adjustment.
Not only did all 11 economists attending the C.D. Howe Institute's Monetary Policy Council meeting agree that the central bank should keep rates steady, most also felt rates should move higher in the next six to 12 months.
"Notwithstanding the consensus about next week's setting, council members differed on a number of key points," the think-tank said, citing the strength of the economy, inflationary pressures, the severity of the asset-backed commercial paper market problem, and the significance of the Canadian dollar's recent strength.
The majority who looked for higher overnight rates in 2008 tended to emphasize continuing strength in the Canadian economy, tightness in labour and product markets, the current low level of interest rates and the ensuing inflation threat, it said, adding that many in that group also felt the economic impact of the commercial paper market problem was temporary and viewed the dollar's strength as a reflection of economic health.
The Bank of Canada, however, continued to inject extra cash into credit markets Thursday suggesting the crunch is not yet over, although the amount was a relatively modest $220 million, less than a quarter of what it had injected to unclog markets when the crisis first erupted last month.
Meanwhile, the minority of economists on the panel who said interest rates should be lower next year, tended to feel the recent surge in the dollar was not justified on economic grounds and would dampen growth.
The chief economist at the federal export promotion agency agreed.
"Much of the loonie's recent flight - up to around 95 cents - appears to have been driven by fundamentals," said Export Development Canada's Stephen Poloz. "The remainder is more speculative in nature, propelled either by pure trading momentum or forecasts of even higher oil and continued strong growth in Canada - an unlikely confluence of events."
In fact, exports were already weakening before the loonie hit parity, Statistics Canada reported.
While Canada's merchandise trade surplus rose to a greater than expected $4.1 billion in August, the improvement was because imports fell 3.9 per cent to $34.4 billion, more than double the 1.8 per cent decline in exports to $38.5 billion.
"Trade now looks like it could be a massive drag to growth in the third quarter," said TD Securities economist Charmaine Buskas.
And it will likely get worse, warned BMO Capital Markets economist Douglas Porter.
"Trade is likely to weaken anew in the months ahead as exports face the full force of the loonie's latest jump and slow U.S. growth," Porter said.
Thoughts from across the pond....
Sterling and Euro
Bank of England rate cut looms
Recent UK consumer inflation recorded a headline and core rate of 1.8% which is below the 2.0% target rate. The BOE (Bank of England) will still be concerned food-price inflation, but is likely to consider that underlying inflation pressures should gradually ease. The housing sector remains to be a key focus and the recent data has suggested that there is certainly a slowdown underway. Given credit difficulties, higher market interest rates and tighter lending standards, there is a growing threat of a more serious downturn in the housing sector, especially with consumer debt at unsustainable levels.
The UK banking sector has also been impaired by the Northern Rock difficulties and confidence is eroding. The Bank of England is now unlikely to increase interest rates again and, although the bank will still be cautious, it is likely to consider a fourth-quarter rate cut as the housing sector slows.
The Euro on the other hand will be saddled by speculation that the ECB will not increase interest rates again in the current cycle, especially if there is evidence of a significant economic deterioration. From a longer-term perspective, Sterling looks slightly overvalued against the Euro, although growth trends will tend to dominate in the short term.
Overall, Pound Sterling is prone to weaken versus the Euro given the fundamental economic degradation in the United Kingdom economy, although some periods of consolidation are expected after heavy losses during September.
Fundamental Risk Factors Considered:
• Further U.S. dollar recovery against the Euro would likely be a crutch of support for Sterling against the Euro.
• Any signs over a crest in ECB interest rates would underpin the UK currency.
• Continuing evidence of a serious slowdown in the UK housing sector would weaken Sterling sharply.
Cyclical Risk Factor:
• Sterling’s super 8.0-year cycle on a monthly chart, which had its beginning last June of 2001 is observed to have gone over the top and is due for a major downturn.
Price Forecasts Ranges:
Currency 1-mos forecast 3 mos forecast
EUR/GBP 0.7000/40 0.6900/20
6-mos 12 mos
.7200 .7350
GBP/EUR 1-mos 3 mos
1.4240/60 1.4450/60
6 mos 12 mos
1.3870/80 1.3620/30
& in turn this POV would also point to gold continuing to reach new ATH's vs the dollar.
Everywhere I look it seems gold is the safest long term bet. Just pick your spots & buy on the dips & you should do well. Seems there's gonna be some slowin down all across the board....which is overdue & a good thing imo. The global mrkt (as in the majors) needs to take a healthy breather. The ? is....for how long? Anyone's guess I suppose.
BOLTA!!!
& what's making matters even tougher is that it seems that at least as of late, the rules of the game are changing w/re to the fundi's & how folks are trading on them. Not sure if this will correct itself or perhaps it is indeed a classic case of the times...they're a changin?
Tho there's another lil quote I like ta say...."the more things change, the more they stay the same?
Tell ya what tho, if the euro does indeed take over as BMOC as Greeny is sayin....it sure is gonna be an interesting next yr or 2 in the 4X world.
Had no idea I was dealin such a self proclaimed badass chatboard bully....what on earth was I thinken....thx for puttin me in my place.
Man am I dizzy now....shheesh...who was that masked badass who jus game me a chatboard whoopin?
If I had a penny for every bozo......
Gee ya think?
I was REALLY hopin 2 top yours.
& if I happen 2 grow an extra one, I'll be sure to let ya know...but thx for the concern just the same ;)~
last I checked j it was still there....
did ya happen to grow some thicker skin since we last conversed? Hope so cuz cuz last time u sure gave the ol chalk board 1 hellouva workout :0
The euro tanking? Down 30 pips or so aint tanking imo...especially considering the run its' been on as of late.
& w/re to the mrkt taking a dump.....if I didn't know any better I'd say "get used to it"
There's several good reasons why the fed speak as of late is for more haircuts.....& my take....no matter how much they try & soften the blow w/their cuts, those cuts will only serve to be a temporary reprieve for the markets. The mrkt is near ATH's & I see no reason why it should go any higher...& quite frankly, I really don't think this recent run was all that justified either....the 1/2 pt cut was really the only reason it stayed up for so long post 1/2 pt cut.
The 4th Q will be very telling imo....if the retail sector doesn't hit a HR then I think the US is gonna be in for a lil breather in '08....a well overdue breather.
We need a healthy return back to the mean before the mrkt goes north much further...which means we should be seeing at least a 5-10% retrace....assuming the mrkt clip over the last 15 yrs or so is approx 6-8% a yr.....& that's being conservative....it might be more like a 9-10% clip since 90....not sure tho...haven't looked too closely at those #'s...but I do know the mrkt has gotten ahead of itself here..that's a no brainer imo.
Thus....find your good entry points for gold & go long.
That's my 2 penny's worth anyways.
W/re to tihs months competition...haven't had a whole lotta time to put much thought into it....I've been neglecting the competition acct & it's showing...lol.
Hope all's been well w/the rest of ya's.
Cheers!!
Sorry....it's not a habit of mine to ck pm's.....sorry.
But I just did....will reply manana.....but in short....u were right...u were lost....lol
I'll say it again...don't really know how else to say it.....simply put.....u grossly misinterpreted my post....faxedreceipts is another poster on this board....from your pm's it seems as if you did not catch on to that.
You might wanna go back a few posts & catch up...then I am sure u will see what I was talking about....at least I hope u do.
Whatever.....just pls do me a favor....PLEASE don't go losin any sleep over this sillyness.
Cheers!!
Jason....not sure what you mean by me getting on your arse w/re to deleting a post....again I think u r misunderstanding things here.....I was simply referring to Daielo's comment that he hopes the MOD's here will delete the post(s) in question...& to that I said.....go ahead & delete em for all I care....again...not directing that comment to you.
Sorry for having to pull out the chalkboard so much tonight....this is gettin waaaaay overblown here...especially over an issue that's NOT an issue....lol
So to the CaT...all I gotta say is....
Meeeow & Puuurrrrrrr.....
OK.....enuff nonsense for one nite...heck, enuff for a lifetime....I'm punchin out for the nite......I hate havin to pull out the chalkboard....too much work...lol
But I will leave ya w/the only 1 I have on the books
short AUS/USD @ 8870...after havin it for several hrs it just now turned posi on me.....& I'll trun out the lights hopin it tp's on me come manana.
& I still have no clue on how Oanda is reporting their %'s.....I have a +$3872 roi & yet they say I am at 3.22%...wtf is up w/that? Seems to me I'm closer to 20% no?
Whatever....seems nothing is making sense these days....from this contrarian market to grossly misinterpreting posts.....guess it's best to lay low for a spell...just like the markets seem 2 b doing w/re to the vol....but enuff of that talk....that got me into all this trouble to begin with...lol
Ni TZzzzzzzzzzz all....& Jason....it's all good mah fren.
Dude....sure hope u dont decide to leave here over a silly lil misunderstanding....again....the part of the post in ? was NOT directed at you.....have no clue why you even thot it was to be honest.
faxedreceipts has followed me over here & is trying to bring whatever issues he has over here.....yes, he is one of those penny board A holes that you speak of...one of the reasons I left that board.
Again...NONE of the derogatory comments were directed at you whatsoever....I never called you a liar....again that was directed at the other poster in ?....cuz I know he did not attend the event in Vegas last yr as he claimed to earlier today. But if that was enuff to make u wanna leave...so be it....sorry if you are havin trouble tryin to get past that.
Hope you don't bail on this board....itza good place.
Peace & BOL2U!!
When I said "& Lava"...that's when I began talkin to faxedreceipts....just to set the record straight.....
sheesh....delete the post for all I care.
but how on earth you thot I was talkin to you Jason is really beyond me...after all....how many side issues did I mention there that have absolutely nothing to do w/anything you have ever said or done....there aint one poster here who I have any issues with....except for faxedreceipts whose chosen to follow me over to this board....& trying to be coy about it all on top of it.
Next topic.....PLEASE!!!!
E Z there Jason....was directing most of those comments to faxedreceipts.....not you....sorry for not making that a lil more clear.
Peace!!
2 trades showing a 4 day roi of 5,392%
OK...fess up....whose on 4x roidz here? lol
Display Name Number of Trades Volume of Trades (USD) Maximum Drawdown Sharpe Ratio Portfolio Return (%)
Sequitor 2 11,951,412 -1.38 0.17 5392.51
Anita d'Groyn 344 163,424,172 0.00 0.58 148.95
Reverend 1 1,019,086 -2.49 0.58 113.69
cheesy 2 11,948,618 -1.38 0.17 55.66
under_achiever 2 11,945,539 -1.36 0.17 54.42
lake 2 11,934,198 -1.37 0.18 49.06
tank 2 11,961,639 -1.37 0.18 49.02
uppa 2 11,925,047 -1.37 0.17 33.82
groupy 2 11,952,198 -1.36 0.17 23.97
diegoman 0 0 -9.18 0.61 9.57
raiderdad 27 4,836,842 -14.36 0.29 3.37
twister95 109 23,818,975 0.00 1.30 1.93
surveybeta 0 0 -0.00 1.04 0.26
yehItsMe 5 133,657 -0.31 0.40 0.13
Howie Douthat 6 85,350,958 0.00 1.11 0.09
jjshah 0 0 0.00 887.71 0.08
Superkev 0 0 0.00 328.55 0.07
Vince 0 0 0.00 343.74 0.06
lucstudent 1 2,447 0.00 1.51 0.03
- GaaRa - 4 81,236 0.00 0.77 0.02
Aussie Battler 2 355,308 0.00 0.50 0.01
point99 0 0 0.00 34.25 0.01
12821 0 0 -0.85 0.43 0.01
Gambler 36 2,716,700 -9.67 -0.04 -0.02
wolfefx 45 40,333,484 -10.69 -0.02 -1.36
mattes 974 53,825,272 -1.85 -1.12 -3.26
amminfx 16 4,070,021 -6.73 -0.42 -6.04
hc_cheung 1240 23,872,672 -38.50 -0.42 -6.94
emmacute 12 3,398,190 -6.01 -0.63 -7.80
Ataglance2 25 6,396,838 -21.69 -0.18 -17.31
*Statistics reflect account status as of October-05-2007 00:00
Low Vol day on the dow...& has been for a few days running now....looks like most folks wanna wait it all out & not try & guess. A plausable explanation imo as we seem to be in a contrarian mrkt these days....not a whole lotta thnigs makin sense.
& lava....give it a rest....right down to claiming to have been there last yr.....for IF u were u woulda told me where it was held....& u haven't a clue....guess u r havin trouble tryin to google it up...lol
& w/re to 'trouncin me as per usual' funny.....exactly how many lil wagers have u won to date? Seems to me the # is 1....& we've had at least 3...prolly 4 or 5 for which you've lost'em all...."trounce" he says....LMAO!!!
U r nothin but a lil lyin - losin POS....as are the yankettes.
I'll save the rest of your diaper change for the other board & spare the rest here....u aint worthy of this board u hamburger....now scram & quite ttryin to fool yourself u know somethin about currencies....or the mrkts for that matter.
Well even tho the game aint over yet.....it is...lol
I think it's safe to say that was 1 utter & complete thrashing :0
Sure don't look like ny in 5....not w/that kinda minor league pitchen.
I parlayed cle & az tonight (both were dogs...& at home....too good to pass up) to win which is good for a +377 payout.
Since it looks as if ny is gonna throw in the towell on this game w/2 innings still left, I'm off to go hedge it & assure myself a break even nite in the sportsbook by taking the Cubs....so I can sit back & relax knowin that worst case scenario I'll b/e w/a Cub win....an AZ win & it'll be somethin like a +250 win since I'll be hedgin it thus watering down the +377 a bit.
I say the Tribe in 4....maybe 5.
& w/re to last yr's Vegas event that you attended ....where was it?
Anyone thinken about Mandalay Bay in mid Nov?
http://www.lasvegastradersexpo.com/main.asp
A 4X & pigskin wknd...Hmmmm....sounds tempting.
October Currency Trader Mag is out
www.currencytradermag.com/dfe23.htm
Gold made a nice lil comeback move...tho given a lil back right now.
Decided to take the 20 pips & bail on the aud/jpy short @ 102.995....thot it was lookin like it wanted fall more but the last 5-10 mins it seemed to have stalled out...now watch....in a few mins it'll freefall another 20-30+ pips...lol
Alright....now for the next 1.
Now my aud/jpy is beg to come home.....think I'll move that tp a few more pips...already w/in 5 pips now & it's lookin like it wants to fall more...think I'll run w/it.
Hey who knows....10-6 or maybe even 9-7 might be good enuff this yr....especially after seein what KC did to SD in SD last Sun....ya never know.....& my 75-1 is already down to 50-1 I see....lol
Guess I shoulda replied to Jason w/that...sorry...was really directing my comments to him....but thx for the link just the same....I did happen to run across that one last month when diggen around.
GL!
BTW.....nice game vs the Fish on Sun eh.....2-2 is about all we could hope for after the 1st 4.....heck, Oak should be at least 3-1 if not for Shanahan's panzy arse T.O.....altho Kiffen successfully pulled the same stunt the following week ...what comes around goes around....lol
& yes, I did take Oak for $20 @ 75-1 to win it all....I know it most likely wont come home....but hey, I'd kick myself in the arse if it did & I didn't lay down a measilly $20 on a 75-1....lol
Altho if they do make it past the 1st round of the post season I could try & hedge it just ta get my $20 back...lol
75-1....how could a true fan pass that 1 up? Even after last yr's performance.....lol
What's the fee for the auto trader? I was researching that niche last month...asked several ?'s here but no one didn't seem to know much (or wanted to talk) about it.
When I was lookin around I found that a typical fee is between 20-30% of your monthly profit....which I thought was quite high. Then I came up w/an idea that I expressed here which was.....come up w/an auto trader platform (some joint's call it Robotic Trading) that only charges a 1 x up front fee. You'd think there'd be a good market for that...at least I do. I'd much rather pony up 2-3K 1 x...as oppsoed to 20+% of all forward profits....that would get awfully expensive over time.
& here's a coupla links I ran across while doing my research last month.
http://www.world4x.com/
http://www.forextradewinds.com/
& Oanda's auto trading platform they call API
http://fxtrade.oanda.com/fxtrade/api/index.shtml
Oanda's looks to be closest to my idea....but still, after their 2 month intro period (& the 1 x $600 fee) they want $600/month for it. Of course if ya got 12 Mil to float....they'll give it to ya for free....of course...the one's who can afford it the most get it for free....lol
"Pricing
OANDA will charge a license fee of USD $600 for the Library, after which the customer is entitled to two free months of use. Monthly fees of USD $600 will commence following this two month period, discounted by USD $50 for each USD $1M in trading volume generated on the account. Note that a monthly volume of USD $12M would entitle the customer to free API use."
Of course there's several more links that I ran across....but after seeing the tpyical fee structures that are presently out there I thought it wasn't worth it.
I still say there's a decent market for an upfront 1x fee automated platform....something that would cater to the small fish market.
I hear ya w/re to gettin the blood pumpin....& for me, the good thing is I dont really need to have much on the table (if any at all) for my blood to get flowin....good thing cuz I could really get into alotta trouble real fast if otherwise...lol
Having said that, I was thinken about openin up a mini acct w/the lowest of leverage...but then I thought, what's the point as long as I am getting enjoyment out of it all & learning boatloads at the same time? Why risk anything at all? I guess I could do it for the sake of going thru the mental aspects of live trading which is certainly one aspect for which one needs to experience to become truly successful at this. Perhaps in a few more months...especially if I continue to bank 20+% a month.
Been meanin to ask.....what kinda professional jobs are out there for folks who want to do this for a living w/out puttin their own $$ up? I imagine there's jobs w/in the hedge fund sector....how would one go about pursuing such a career? & is it like being a stock broker where you need a specific license....I know a broker needs a series 7 & 65 to be able to initiate trades on behalf of their clients...jus wonderin what licenses (if any?) are required to professionally trade currencies? I believe the 4x industry is unregulated (unlike the stock mrkt) so I'm not really sure if there's a specific license(s) that one must obtain.
Indeed, like yourself, I dig all this stuff as well....heck, if I get soo much satisfaction oudda simply demo'n, I can only imagine how much more I'd enjoy it if it were my profession....somethin I need to think about as my current job of f/t stay @ home daddyhood will be comin to an end in another yr or 2 when our youngest begins K'garten in less than 2 yrs. Tell ya what tho, my current job has been the toughest I've ever had...yet my bosses couldn't be better ;)~
OK....enuff ramble....time 2 go get'em ready for the day.
Back a lil later on after I get the 5 yr old to school & the 2 yr old is taken her nap.
Cheers!!
Oh yeah....
long 2 gold positions #1 from late last nite @ 734.400 for 300 units & #2 w/in the last hr @ 729.130 for 250 units....prolly shoulda made this position a lil larger.
Also from earlier this AM short aus/jpy @ 103.200 for 185.536 units.
Nothin's lookin good at this point but hey, itza very rare occasion that my trades go posi early on...lol
On my plate 2 nite is a long gold @ 734.400...lookin for
737.488
& long Aus/USD @ 88.95 lookin for 89.26
as mentioned no sl's set & both positions are approx 10% larger than my norm.
I'm not sure y Oanda has me @ a 2.25% mtd roi...as of 9p pst I was a lil over 10% w/a realized P/L of $2,072 & change.
& once again we c a buncha new names on the list here.....wadda wanna bet a newbie takes it again? lol
Display Name Number of Trades Volume of Trades (USD) Maximum Drawdown Sharpe Ratio Portfolio Return (%)
Sequitor 1 6,013,088 -1.38 0.10 2042.28
Anita d'Groyn 186 78,522,242 0.00 0.84 44.24
Reverend 0 0 -2.49 0.25 33.58
under_achiever 1 5,983,513 -1.36 0.11 22.14
cheesy 1 5,969,190 -1.38 0.10 21.45
tank 1 6,000,746 -1.37 0.11 19.21
lake 1 5,989,111 -1.37 0.11 18.97
uppa 1 5,979,502 -1.37 0.11 13.13
groupy 1 5,998,291 -1.36 0.11 9.44
diegoman 0 0 0.00 2.00 6.71
raiderdad 16 2,803,200 0.00 1.24 2.25
twister95 60 13,538,670 0.00 3.55 1.67
surveybeta 0 0 0.00 12.88 0.15
yehItsMe 3 79,888 -0.06 0.65 0.13
Gambler 35 2,650,693 -1.18 0.47 0.08
jjshah 0 0 0.00 1463.56 0.05
Howie Douthat 6 85,350,958 0.00 0.59 0.04
Superkev 0 0 0.00 284.59 0.04
Vince 0 0 0.00 431.49 0.04
lucstudent 1 2,447 0.00 1.08 0.01
Aussie Battler 2 355,652 0.00 0.71 0.01
12821 0 0 -0.12 1.04 0.01
point99 0 0 0.00 27.55 0.00
- GaaRa - 0 0 0.00 7.89 0.00
hc_cheung 841 11,640,878 -26.58 0.05 -0.08
amminfx 9 1,836,223 -1.16 -0.26 -0.54
emmacute 5 1,632,646 -0.72 -0.47 -0.62
Ataglance2 20 4,600,235 -8.05 -0.00 -1.06
mattes 396 24,642,094 -1.09 -0.98 -1.19
wolfefx 18 10,819,016 -2.44 -0.61 -2.32
*Statistics reflect account status as of October-03-2007 00:00
That story u just shared is one I've heard over 'n over....& one 4 which I am thankful that folks like yourself take the time to post. This is 1 of the main reasons y I aint gonna fund a live $$$ acct for quite sometime.....+ I like feelin like a demo King...lol
I know the moment I fund....my +20-25% monthly (approx 4 mos now) roi will go to a negative 20-25% in a heartbeat.
& agreed w/ya w/re to the stock comparison...there simply is no comparison.....this market iza hoot....no doubt....but should be reserved for those who can afford the leverage & even more importantly know t/a.
& talk'n about the stock market...look at this latest Yahoo Finance Poll...the ? is
With the Dow hitting the 14,000 mark what target will we see next? 15,000 or 14,000
& the results after my vote.....
15,000 58%
13,000 43%
78584 Votes to date
I'm part of the 43% group.....it's really hard to see another 1K being added on top of where it is now....especially w/all the news that's out there.....can this contrarian market continue on for another 7% +/- ? me thinks aint no way...tho I hope I'm wrong & it surprises me.
Exactly what I'm tryin out for this month....
altho e z 2 do w/the demo acct.....sure suicide w/a live acct....unless of course one has the ammo to ride out the wild rides.
Mental stops work well for stocks...especially the otcbb's...but kinda hard to do w/4x....especially w/an ave Joe acct....Ave Joe would turn into Below Ave Joe real fast :0
Another thing I'm doin new this mos for the competition is goin w/bigger lots.....since I dont really make too many trades (compared to the majority here) I'm thinken I should try larger lots.....then again, w/out settin any sl's I'm skin 4 a world of hurt I realize.
I know that.....
I was simply askin if was he speakin for all x lonney pr's or just 1?
I think he was ref to usd/cad...but the way the ? was posed I wasn't sure if perhaps he was talkin about'em all....cad/jpy eur/cad & or usd/cad?
& no, for the record just to answer him on that....no, I aint surprised & or think it's hard to believe....especially considering all that's goin on down in the lower 48.
This issue came up today on Kudlow....& the answer to your questions was.....the stock mrkt is a lagging indicator & right now it seems as if its' lagging well behind the curve these days. Then the point was made, it sure doesn't take long to correct itself...so be careful, the stock market could very well be setting itself up for a huge 1 day sell off followed by several days of negative swings.
My take (fwiw)...right now we seem to be in a contrarian market (going against all logical market reasoning)...& it is these atmospheres that are most dangerous. It also seems as if folks are beginning to think that we may be nearing the end of the credit crunch....the banks are now making statements intended to calm nerves imo....are these comments accurate..who knows? In addition, the market is also trying to tell us that whatever may be left on the sub prime table will have little to no further effect on the market...I sure hope this is the case but not quite sold on that thought myself.
As Lennon said...."strange days indeed...most peculiar Mama" :0
& faxedreceipts.....exactly which looney pair were you referring to....& why is that so hard to believe? Not sure anyone quite understood your comment....which I guess might be a reason y no 1 responded.
So whose gonna beat the Yanks? LAA, Bos or Cle? lol
So it's official I presume....
We have a winner!!
Was a sponser found for October? I think that's one way to perhaps avoid all the eom-peddle 2 the metal hanky panky. If there were prizes for 2nd & 3rd...even 4th, etc then folks may choose to be more conservative on the final few days.
& not to say that all the eom high risk trades has really ever been a factor...at least over the last 3-4 months it hasn't to my knowledge...I just think that it'd be a nice lil added incentive for those who rank up in the top 3 or so....speaking for me, I know I woulda've played the last 2 days or so far differently than I did...& even if I woulda moved up another place or 2...I wouldn'tve felt all that good about it since it really would not have represented how I would have truly played it if it were w/real dough or I knew I had a shot @ winnen somethin other than a lil board pride.
OK....there's my Sat rant.....was also an excuse to put in a new Warren quote that I just ran across....man alive does he come up w/some good 1's.
Cheers!!
Ok...good news Daiello.....
I took it in the shorts over night (as I thot I would)....so I closed everything out & ended up blowin ALL my profits (9k worth)& then some....leavin me 18.4K & change.
So I used 1/2 my ammo just now on short gold @ 742.900 & the other 1/2 on short euro/usd @ 1.4268
I think u r safe now cuz there's no way those 2 positions are gonna make up all my overnite losses & go on to do a double from there.
Lookin forward to October & tryin to maintain my ave monthly roi over the last 4 mos....which is around 20-25%...tho somethin is tellin me the law of averages is gonna kick me in da ( Y ) at some point....& it'll likely be sooner than later.
Off to my last A's game for the season tonight...hopefully it wont be too foggy tonight cuz they got fireworks planned for after the game. It's been real foggy all day today & it doesn't look like it's gonna be burnin off n e x soon....I'm 20 mins inland by car & it's still overcast...it usually burns off here by 10a-11a at the latest....so hopefully they'll be fillen the pipes w/the 1's that go off real low....lol
I suppose after the close today it'll be fairly quiet around here til pyps so I'll catch up w/u all then.
& I'll say it now cuz I think it's time (at least for me) to say congrats to Daiello.....& here's hopin we don't have any Newbie's for next month....they're just too damn tuff ;)~
Cheers!!
OK...took the quick loss on the long AUS/USD & immediately went the other direction....so now itza short...cant make up my mind....ya know, come 2 think of it...women should be real good at 4x too...lol
I aint too worried about makin a comment like that cuz I think it's safe to say there's not 1 female who will be readin this post.....I hope.
& dontcha know....not but 2 mins after I reverse gears & go short...it decides to rally back up.....LMAO!!!
Guess it's karma hitten me for makin that lil female jab.
Then again...speakin of uncharted territory as it relates to the euro...I guess u could also say that about the Aussie trade I just went long on...lol
So wtfdik? ;)~
My gut says to sell at ath's but it seems most of the times I've done that I've gotten burnt....gbp/usd most recently in Aug.
So I'm thinken like last nite...I should go w/my gut & do the opposite :0
That 1 continues to give me some trouble....thus I haven't been payin too close attn to it....but after just taken a glance at it now....I'd say it wants to continue goin north.
One has got ta think it's due for a retrace...but when & 4 how much is any1's guess. I keep thinken about Greenspan's comments on 60 mins last Sun.....he's a euro Bull & thinks eventually the euro will be the big cheese over the dollar....of course that's a long term call. As for the next few hrs....the chart says up....but it's so hard to go long when its' in this uncharted territory....especailly for the short term.....sorry I can't be of more help here.
But I did just go long Aus/USD @ 8831.
Agreed...no doubt....BUT....
as for the last several yrs I am of the belief that he's only gotten in the way for the most part. I think the game passed him up long ago (pun INtended) but the stubborn old cogger can't let go.
Ya know what scares me tho....I think his mother is still alive in a FLA w/24/7 home nursing.....so if Al has his mother's gene's (& somethin's tellin me he does) he may be around for another decade or so....I shudder ta think.
So speakin of gold.....what's the call for the final nite?...or am as the case may be.
I'm still holdin to my guns....tho of course not as sure now that'll close all that far down from the open last Sun....it's kinda look like it wants to make return to the Sun open...or close to it.
Yeah....the day Al finally kicks :0
Or as it's been the last few yrs....
Just Whine Baby! :(....
Let me know what game it's gonna be & I'll see if I can swing it....I dont go to them all....approx 2-3 a yr....the rest is either given away to fam or frenz/bus relationships.
I got lucky as well w/gold last night....dont think any1 will be catchin ya tho.....but at this point...u will never know cuz u wont be privy to anymore stats til the comp is officially over in 24 hrs time.
Having said that....if ya really wanna win...u r goin ta have to do it 1 more night cuz I know I'm gonna be puttin it all out there again just like i did last night....& somethin's tellin me I aint gonna be the only 1...lol
BOL 2 ya's.....& again....real nice show this month.