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I KNEW I remembered that kid from NSA headquarters.
Ummm... I mean.... err, nothing. Disregard this post. Nothing to see here, just move along.
Mainly on imports though. No pain no gain. I think the high price of imports, especially oil, are already having some positive effects.
Every week in Business Week I see new technologies being developed and deployed for alternative energy sources. This effort is accelerating because of oil price pain. Necessity is the mother of invention.
oh, that must be what's in my mailbox. Stand by.
oil prices continueing to rise, gold rising, dollar declining
That's not three things, it's one thing. Oil and gold are priced in dollars. So when the dollar falls, oil and gold rise BY DEFINITION.
So the only thing that's happening is that the dollar is falling. That's not such a bad thing. Our trade deficit is the highest by far among the major industrialized countries, and a lower dollar will help to fix that.
Unexpected strength in housing prices from last night's release.
Yello!
Stopped out of GBP/USD for about +12 pips. Then it took off without me. Nice.
Anyway, thought I'd try out the Singapore dollar to see if I can stay in a longer term trade with less volatility. Short USD/SGD at 1.4487 for 1/5 full position so far. Down a few pips at the moment.
StockCharts is pretty mainstream, so I guess it makes sense for people to know how to read the notation if it ever crops up somewhere.
oops, correction. My long GBP/USD position is only 40% complete, not 2/3. Got confused with the pip values on cable for a minute there.
Morning!
Stopped out of my AUD/USD long at about +60 pips
Stopped out of my EUR/JPY with only a 40% position at -20 pips or so.
Now building a long position in GBP/USD. 2/3 complete with an average price of 2.0632 so far. Also looking for a long entry in EUR/CHF.
I didn't, stockster5 found it. I just posted an answer about how to read it. Here's stockster's original post:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24060920
Don't taze me bro! Don't TAZE ME bro!!
So do I!
Starting to build a new long position in EUR/JPY now. In at 164.78 for 1/4 full position.
Looks like you were right; it's up around there now. Just moved my stop up some more.
Looks like it's going sideways. No clear trend. I wouldn't touch it right now myself.
Howdy,
Still long AUD/USD from last week. Up to a full position now with an average cost of 0.9145 with SL wide but in profitable territory. About to start reviewing the other pairs now.
But first... I need another damn fine cup of coffee!
(yes...been watching old Twin Peaks episodes, LOL)
Oops, I hadn't read the rest of the discussion before my last post. It looks like Meatloaf is now aware of the notation issue, so I guess it's on his list.
Since I'm used to scientific notation I actually thought it was supposed to be like that. Didn't realize it looked weird to most people. Guess I should get out more, LOL.
You lost me there. What problem? There was a question about how to read exponential notation, which I answered.
If there's some kind of quoting problem or something, that's an issue for the iHub crew. I'm just a math geek.
I hear someone needs a geek? LOL
The e-4 is an exponential notation. It means to take the first part of the number, 1.00 in this case, and multiply it by 10 to the power of -4. This is the same as dividing by 10 to the fourth, which is dividing by 10,000.
An easy way to do this is just to move the decimal point by the number specified in the expontential. In this case, move it four places to the left.
1.0000e-1 means 0.1
1.0000e-2 means 0.01
1.0000e-3 means 0.001
1.0000e-4 means 0.0001
I assume this is a price in dollars, so this is 1/100 of a cent.
I'm ready to close down the system and call it a night too. I have another buy order in on AUD/USD if it moves up past 0.9152. Time to get out of this non-ergonomic chair and go out for a morning walk. Later!
Oh, well I'll just run right out and pick one up. Oh wait. I forgot to get a job.
Exactly correct. I look a little bit online during the weekends. Really what I'd like to do is some kind of geek freelance work or something. Or a low stress part time job just to cover bills rent and food while I improve my trading.
Ow my back. Crazy chair...
I really need a more ergonomic chair. And a job. bleh.
Hmmm, I see it only gives a very rough estimate of the time. :oP
Speaking of Java, I think I'll have some. With Creme Brulé creamer!
Well that's a small problem. The bigger problem is that prices don't behave completely randomly. Certain events and patterns tend to cause other events or patterns with higher frequency than would be accounted for just by chance. So the random simulation wouldn't act the way real prices act.
Does your calculator know if AUD/USD will hit parity soon like USD/CAD did? w00t!
BWAAA haa ha!!! I think you've had too much Java!
Actually, I wrote a long email to the guy in Germany earlier tonight, and one of the things I talked about was a concern I have in using Monte Carlo methods. If they're used to simulate market prices, then they may not capture how those prices really behave. I would rather use actual market data than simulated data. But I may not really understand what he's doing though.
Back from lunch!
Yes, I think so. It's a method of simulating what's called a "stochastic process." That's just a name for a process that isn't completely deterministic, so each new step is partially determined at random. Market price movements are supposed to be stochastic processes.
ohhhhhh!!!! Aaaahhhh!!!! (like people watching fireworks, LOL)
LOL, even I used to be able to do that with something called Liberty Basic. The computer I had it on died though.
I'm off for a few to have lunch...
LOL, doing what? I'm not even really doing much research anymore; at least not on trading systems. Been corresponding with a guy (in Germany I think) who's doing some work with Monte Carlo simulation. That's gotta be something you could do in Java I suppose.
Top-o-the-mornin' !!! :)
Uncharted territory. I'm just following price action. Higher highs and higher lows equals uptrend, so I'm long.
I'm experimenting with using Hector's major concepts in my own scaling-in technique. Looks good so far.
w00t!
Good morning. Scaling into AUD/USD starting last night. In at 0.9088 and 0.9122.
w00t! I'm up on time tonight.
Welcome to PYPS!!! (Pick Your Pocket Sunday)
Just grabbed another 5 pips scalping EUR/USD. Waiting for the spread to go back down before I continue though. Forgot that they raise it to two pips on PYPS.
Yep, lose all your PIPS on PYPS! LOL
That's right; there are a lot of industrialists who are not true capitalists. They just give it a bad name.
LOL, well I'm off to play with BitTorrent some more...
See everyone on PYPS!
I agree with that point. FOREX is affected by world events, be they political, military, religious or whatever. That's why I've never had a problem with the occasional political discussion we have here. But if it starts to degenerate into debates between posters as opposed to "how will this affect the FOREX market," then it will start to be a problem. So far, we've avoided that.
EDIT: And why are you here on a Friday night? LOL
Actually, I thought about removing your post as OT when I saw it yesterday. However, I left it up because this board hasn't had much of a problem in the past with people getting into long off-topic tangents from such posts. Therefore, I figured I'd just leave it alone unless Relentless or one of the other mods here had an objection.
We've had success with managing this board in a very "hands-off" way so far. However, if we do start to see all kinds of non-FOREX controversy and drama on here, I will start swinging the big "sword of deletion" around, LOL! :)
LOL, well it's easy to miss something that I wasn't aiming at. I thought it was just a question, so I answered it.