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Yeah...not sure any single 1 of these events will help me out...maybe all 3 combined at the exact same X in a perfect storm? lol
"Being a Pessimist means that you're either right or pleasantly surprised"
sure hope it'd help to drop turtle by approx 75 pips to my exit pt when the mrkt opens up in a few hrs...tho that surely aint gonna happen I realize.
Not that I've been wishen typhoons on n e 1 :0
Hey...mi 4x bowl is tu 4x bowl Amigo....& admittedly...that's been part of my strat as well. What I've been doin is try to figure out on my own what may be a good trade & then come here to see if n e 1 is on the same page as I. If so, I go for 2 units & if no I either wait awhile longer or if I really feel good about it I'll nibble w/1 unit & go from there.
Truth be told...4 the most part my newbie instincts have been priddy good thus far....not 2 much disagreement between my thots & the genl consensus of the board.
My problem is my strength is fundi's not t/a...t/a is a skill I'm tryin ta hone....4 which this board has been an absolute gold mine 4 me.
Gotta run.....still doin loads of dirty river clothes.
Cheers!!
Alrighty then...daily it b if that's how u want it...was thinken weekly would suffice but noooo.....I guess u want ol Worn ta kick around on a daily basis ;)~
I'll try ta check for your daily stat post last thing in the PM b4 I turn in & do my sneaky lil c&p job...hehe
I hear ya....w/me 1 bad trade means I need approx 5 winners just to recover from the bad 1.
I say Jester is on roidz :0 / eom
Yes...I've managed to make a lil comeback the last 24 hrs....albeit the open positions I have are well under water.
Being that I'm finally home now, perhaps I'll be able to focus better on the biz @ hand....now back to the laundry.
Display Name Number of Trades Volume of Trades (USD) Maximum Drawdown Sharpe Ratio Portfolio Return (%)
Jester_Vandalay 73 4,977,071 -15.31 0.23 70.73
Worn_Buffet 22 20,275,219 -15.90 0.07 6.49
Capitalist 8 119,663 -5.01 0.16 4.44
Phonetic 30 10,564,465 -0.81 0.22 1.76
Netman 2 202,457 -0.06 -0.34 0.05
fernando 1 3,416,870 -10.25 -0.30 -10.29
diegoman 34 34,344,450 -11.25 -0.29 -21.01
AtaGlance2 98 25,069,938 -45.67 -0.09 -31.68
dr_sean 1 263,380 -33.43 -0.18 -40.58
Mr. Parkins 14 25,160,836 -28.20 -0.42 -48.48
jrbscrazy 137 28,682,987 -51.29 -0.24 -51.21
*Statistics reflect account status as of July-13-2007 00:00
That's what I'm sayin...hold long enuff & the losers eventually comeback....of course given 1 has enuff bankroll to weather the storms....& as I tend 2 do....buy more when the red is as red as red can be...lol
Not the smartest way 2 play.....that would be to place fairly conservative stop losses & get out of the losers....otherwise if u wanna go the way of the 1st paragraph strat....best have a good constitution & be willing to bite the bullet when the bleedin is near its' worst :0
your TA seems on spot...which from what I'm learnin should be the lions share of the game here.....however the recent fundi's (US subprime factor) tells another story....who knows what possible head-fakes r loomin out there? Certainly not I.
From what I've seen over the last 6 weeks.....when u think all your sigs look in order & prime 4 a play.....there tends 2 b flows to the other direction 4 a spell....not sure why? Maybe it's the big boys way of keepin we lil fish in place?
Thus I've found it best to nibble lightly...wait a few hrs & ck back....if the trend continues your direction....nibble a lil heavier...& so-on. However, if after ck'n back the trend rallies against u...wait it out a lil longer b4 nibblin some mo' as the big boys are still havin their way w/us.
& pls....if I'm blowin newbie smoke here.....I invite n e of u
Vets 2 correct me & put me in my place.
Itza TA program that the owners of the patent (WizeTrade) wanna sell 4 anywhere's between $2,500 & 4K USD depending on the deal one can negotiate w/em.
http://4x.wizetrade.com/
& they claim 2 b 70% when 1 follows their guidelines 2 a T.
I'm thinken tho they r padin that 70% figure by at least 20%....there's no real way 2 prove their #'s tho.
If u say u r 80%....I'd highly suggest u get yourself a patent & begin workin on the logrythum 4 your parimeters...that's a phenominal # indeed.
Would love to learn more w/re to your system.....after all, I know kermit is known 4 sayin "it's not e z bein green"...but hey...sure is fun ;)~
& speakin of green....I just took another plunge now goin long (3 more units this time...in addition to the 2 I already have)
on the turtle @ 122.48...lookin to bail @ 123.10 w/the entire lot of 5 units...which should put me in the green by approx 1G.....right now the other 2 units r still under water...by approx 94 pips each @ the most recent quote of 122.50
Kinda sounds like a psuedo WizeTrade 4X Made EZ strat.
& I decided to suck air as soon as I left 4 the week long family vaca....from a pr of up 9+% to down damn near 10% Grrrrrrrrr!!!!
Altho wadda I 'xpect?....my excuse is that it's really hard to foucs w/a kazillion lil 1's runnin around all over da place.....ages rangin from 20 mos (3 of dem lil ankle biters) to 22 yrs......10 in this age range all toll (3 ages 5-7 too)...& then there's all us "adults"....approx 14 of us of which about 2-3 come & go as their various work sched's permit throughout the week....most have the dreaded blue collars gigs. We all bail oudda here manana after we're all done cleanen up the 2 homes we rented.....
that's sure 2 b a real joy :(..
& my other more valid excuse.....I decided to go long greenback a few days b4 the latest subprime hawkish comments came out.....shoulda been thinken about that component....looks as if there's gonna be some more pain 2 b realized there..at least into q3 '08 I'm readin....OUCH!!!
Now watch.....next Fed comments will be "it aint really that bad & we overstated a bit...we were jus kidden back in mid July" Aint dat how it typically goes? lol
& now 4 the ugly truth of the last 4-5 days 4 ol' Worn...Grrrr!!!
Worn_Buffet 19 17,426,405 -15.90 -0.14 -9.91
Gotta get back home to try & re-focus.
Cheers!!
Agreed Don....even tho I'm hitten some huge losses (albeit still on demo paper) as of late....I love playin & tryin out new things. Got tired of stocks & now lookin 4 other areas to "broaden" my horizons with.
Love all the action & followin the flows of currency...makes the world go 'round imo.
OK....I'm ck'in out now b4 I run oudda posts on the day...maybe back later on 2nite if time allows.
Cheers!!
I know how 2 c&p Jester/eom
I didn't paste the score...u mean the score of the game last night?
5-4 AL
was 5-2 in the bottom of the 9th....then the NL gotta 2 run HR (w/1 out I think it was?) ta make it 5-4...then the AL closer (4get who it was) proceeded to walk 2 in a row w/2 outs...he then got pulled & the next AL closer (Rodriguez from LAA I think it was) then walked the next batter to load'em....a base hit woulda surely won it 4 the NL...but the next batter flied out to medium rt center....sure as hell made it interesting tho...was a hoot 4 me bein that I'm surrounded by a buncha NL (SF) fans here w/the inlaws...seems I always been gettin the best of that deal the past several yrs....I always have season running wager w/em..A's V SF winning %......then a few side bets along w/the All Star Game....startin ta actually feel sorry 4'em all now...lol
& if u were askin me about my recent 4x perf....dont ask...last few trades while on vaca are explodin on me...down HUGE once again....given back much of my gains....maybe time 2 try a few other strats...but I'm sooo stubborn to realize losses...mainly cuz I hold on as long as it takes & it seems all my losers eventually comeback....3,4 5+ days....this time tho I'm thinken it's either gonna take much longer 2 comeback or they wont comeback @ all.....oh well...that's what the demo's r 4...live 'n learn.
OK...if all this OT yappin is po'n n e 1 pls jus tell me to stiffle it.
Cheers!!
& what's w/my double postin here?....user error I suppose....sorry.
hehe...a classic there indeed...Thx!!
N'joy'n the vaca indeed....did a lil dock fishen this AM...caught squat (jus usin the fake bait) but saw plenty of'em teasin me all around da line...they prolly woulda bit if I had the live stuff.
Oh well...was also w/the 5 yr old & of course she wasn't all that quiet...was lettin her reel in the line after I casted out....good x's indeed.
Thx 4 askin.
Now back 2 our 4X game...& speakin of games....
great-exciting finish to the All Star Game last night...'specailly bein that I'm an AL (Bonds haten) fan....OK..enuff OT...apologies
I still like MG vs Oanda.....somethin about all the #'s I'm lookin 4 bein e z ta find real fast....& that added Oanda decimal has taken some gettin used to for Ol' Worn ;)~
Well my newbie take is that it's whatever strat u feel most comfortable usin.....hone your skills anyway that suits your fancy/risk level.
What do u feel is your strength? That's always a good place 2 start imo
GL & Cheers!!
Yeah I lol'd @ da takin candy from a baby comment...knew 4 sure there was gonna be some trouble there :0
W/re to diff strats while holdin losin positions....as for this newbie....@ times I simply hold long enuff (3,4, 5+ days)...they've always eventually turn green at some point. Other times I've been known to bite the bullet & "double down" when things get really ugly...kinda like now w/the 3 positions I have open (short gbd/usd, long usd/jpy & aud/jpy)...they've only been open approx 12 hrs yet I'm seeing a sea of red so I'm contemplatin goin in for more...this way when/if the retrace begins, I wont be needin it to go all the way back to my opening call....just need approx 1/2 the retrace until I see my green....so far this strat has worked out for me...albeit only 6 weeks now. I could easilly see it goin the other way tho & hurtin me BIG time..so this strat can really pan out 2 b a big mistake...tho so far, it's worked out 4 me.....been somewhat lucky I guess.
Yupperz...dat must be dem...& Doc...can't PM u as I be on the da po'man's IHUB list....jus 15 posts/day they give me.
I think the source was from a local meetup.com 4x group I joined a few weeks back.
Thx for all the speedy input guys....as always.
Woke up 2 some SERIOUS red this AM w/all positions...short gbd/usd....long aud/jpy & long usd/jpy positions....looks like I'll be holdin on 4 quite sometime....YIKES!!!!
OK....back to fam hr @ da river...Cheers!!!
Who is "MB"? Or is this email I got from one who goes by "PhatForex@Yahoo.com" not legit? & what is "NFA"?
I'm thinken they may have meant MG Financial....never heard of MB b4....I'll go do a google 4 MB now.....wonderin if PhatForex is lurkin here? N e 1 wanna fess up to that 1?
From:Phatforex@Yahoo.com
Subject:[forextrading-51] MB Trading Going out of business
Date:Monday, July 09, 2007 11:47:51 PM
MB Trading will not have enough money to meet the NFA's
But 1 last lot b4 bed-e-bye
long turtle 123.44....will bail @ 123.65....hope 2 wake up 2 a lil turtle green.
Cheers!!
Closed out short aud/usd @ 8570 for 16 pip tp on 2 units.
Still well under water w/both short gbd/usd & long aud/jpy
2.00535 is my tp mark w/gbp/usd & 106.366 is the tp mark w/ aud/jpy.....need a decent comeback w/both positions.
& yes Cap...sorry about da abrupt post there....thot I corrected it & kinda cleaned it all up...guess not....but u got the jist I see.
Me thinks u haven't tried hard enuff to mrkt it.....I think there's a paying mrkt out there as long as all your #'s are consistently there or at least w/in the ballpark....which it appears they have been.
Cheers & Ni Tzzzzzzzzzzzzz
Thus the higher spread.....I too am leanin towards the gbd/usd....somethin about that pr that's a draw 4 me....that an aud/usd & jpy
& I can vouch 4 that w/re to the gbp/usd projection from last week's review....was one of the main reasons I held on for so long there...ended up w/a nice lil profit after bein down huge.
Good stuff...Thx!!
PS
Bein the wanna be entreprenuer that I b (biz major w/a minor in small biz & entreprenurial mngmt...never could spell entreprenuer..lol) I'm sure there's a biz plan for your weekly review....some 4X site might want to pay ya for your projections....especially if they prove 2 b above 70%.
screwed up this post...sorry.....ok ck'n out...a short AM shift for me...back to vaca fam x.
cheers!!
& I can vouch 4 that w/re to the gbp/usd projection from last week's review....was one of the main reasons I held on for so long there...ended up w/a nice lil profit after bein down huge.
Good stuff...Thx!!
Bein the wanna be entreprenuer that I b (minor inI'm sure there's
& I'm on the other side....went long @ 106.207...lookin to bail around 106.366.....maybe tp a lil sooner as per my usual m.o. if the opp presents itself.
Just closed out long turtle for 22 pips...I think....was at least 20...tryin to get used to the Oanda platform....kinda hard to go thru & easilly see your entry & exit pts...@ MG it's very e z 2 decipher.
Up approx 9.8% thus far 4 July.....still short gbp/usd....down around 9 pips there...seems like it's been in a fairly tight range today.
No time to catch up w/approx 100 posts....man alive when the mrkt opens 4 the week u guys sure rock n' roll here.
Cheers!!!
Kewl...seem 2 have a decent hotspot at the vaca house so it looks as if u folks wont ge get'n a break from ol' Worn :0
Not a bad spot here too....right on da over over lookin it...even got a lil boat launchin dock ta fish off of.
Ok back 2 biz....Long turtle usd/jpy 123.995
short gbp/usd (maybe trouble here) 2.01037
Off to meet the fam @ da lil beach here on da river..itza perfect 80 today w/an ever so slight breeze...gotta love the Cali summers when u r close to the water...inland can really suck w/all the heat.
Cheers!
"New Zealanders fret that their currency has risen too far."
Yet the valuation vs the dollar is only @ +5...tho vs Switzerland & Sweden it's +53 & +42.....we are oudda whack I guess...BUT, aint the "free mrkt" suppose ta dictate n e how? Guess that's y there's cb "intervention" cuz having the free mrkt decide can get ya into trouble....Hmmm....quite the lil capitalistic kanundrum we got here.
Just made 1 more post b4 login off ta say "tanx 4 da link there...good stuff!!!
Learnin boatloads by the post.
I guess when it all comes down 2 it...it depends upon how serious they are about "getting the job done" & just as importantly as you've noted, how much "coalition" support they will get. Somethin is tellin me that this time around, the cb's will see more support for the "cause" as the situation you've made a case with on the NZD move. Seems to me there's far more at stake this time around for everyone.
I get your point...u r sayin that priddy much the cb's can be seen as a UN of sorts (in the eye's of the Uncle Sam at least) where they exist but at times can be nothin more than a road block for which can easily be diverted or ignored all together.
But by the same token I think the ol saying we see in all the small print w/re to preformance "past performance does not necessarilly reflect future actions" should be taken w/great heed here....kinda agree w/da smokin feline here...careful how u tread.
My original thought on the matter still remains....I think we see more downward pressure for a spell.....then out of the blue we see a long term rally...how low it goes & the time frame is anyone's guees (as always)...but I think if one is willing to take up a long position w/in the next few days or even possibly weeks, they will be richly rewarded.
Newbie Disclaimer: Smoke blowin is a skill that I've come to perfect :0
Time 2 go pack up......if I aint able to find a hotspot during the week....have a good 1 all & best of trades.
PS
Just ta say I was here...I may go put in a blind trade to back up all my smoke blowin...long jpy/usd of course.....w/a riduclous low stop ta boot :0
Cheers!!
OK...guess I don't quite get it....
I understand what you're saying...but I thought the idea was to direct/promote the rising sun to stablize their currency more so by raising rates...thus creating a ripple buying effect.
I'm not sure how exactly this can be done to generate the 'desired' effect but I was of the belief that given enough pressure (aheeem...in my best Col Klink voice) that "we have vays"
But whose gonna wanna butt heads w/the central banks?
I was thinken the same thing that the cb's can't dictate...but then I thought, they do have enuff clout to try & initiate trends...see if the rest of the mrkt wants to play nice & follow along.....which it very well might. After all, I would think that attemptin to butt heads w/the cb's aint high on the institutions "to do" list.
Am I yappin oudda my piehole here or what?
Or maybe they'd start shortin the beejeezus oudda it.....then begin to slowly switch over to a long position....I'm sure I got it wrong somewhere here...can't be that simplisitc...could it?
re-send pls....dont see anything yet....
w/re to the yen....one would think they'd want it as low as possible b4 gobblin it up...thus, how low will they "let" it go before they start to nibble...would this be a valid pov?
That's what I meant...to copy & paste my totals into your chart...didn't think it'd be a big problem...I knew you couldn't somehow magically add me in post 6/30 cut off.
Yes, I will be gone most of next week....I will take the laptop just in case but I do not expect there to be much computer time...much less any decent connection spots where I'll be....I'll be in da backwood boonies...Guerneville-Monte Rio CA....very Bohemian'esque' country. Talk about a Worn oudda water...lol
Though I can promise you that even if I am not able to trade this coming week, I will def trade once I return (7/14) for the balance of July.
Sure hope I wasn't bein too pushy there...as always...my tongue was firmly planted in cheek.
& TIA to the rest of the board for the consideration.
Oh...& btw...in the group I'm in...there's actually 2 above me who have no trades....guess they didn't re-set their June #'s...there's a total of 10 out of 38 who didn't reset for July....so that places me in 5th over there not 7th.
OK....enuff tootin da horn....there should be a law against that for a newbie :0