What am I doing? I'm waiting for the trade to come to me! What are you doing?
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haha, good one!
Thanks SG. The overlay of the two MACD's had me going for a while but I finally figured it out.
Hi SG, you're new setup looks really interesting! I see your short term ema rainbow but what are the settings of the long-term ema's? Also, what MACD indicator study are you using for that middle one? TIA
PB
there's that burger king hat again
http://www.afonderheart.com/
Geithner says Congress cannot take US too close to the edge of default when negotiating debt limit increase... or he will blow himself up? -- zerohedge tweet
We should be so lucky..... LOL
hehe...
there's that fifth leg..... I think it's time to short E/U
I'm looking for the 5th wave that started the bull run at 9:37 this morning. What do you think?
Nice chart pennies! I'm just starting to get into Elliott Wave counts. This is very helpful, again thanks!
PB
I've been here a LOOONG time, I sure hope so!
Zecco works
Thanks Sid and a Happy Sunday to you too! I'm looking forward to this week!
QE2 Fuels a Global Fury - Mark Thornton
http://media.mises.org/mp3/audioarticles/5050_Thornton.mp3?utm_source=mp3&utm_medium=web&utm_campaign=Direct_MP3
The Federal Reserve has been busy the last three months pumping up the money supply by $300 billion dollars, with much more promised in the months ahead. Some of the results have been painfully predictable, others less so.
Fed chairman Ben Bernanke said he did this to stimulate housing and employment. The unemployment rate has fallen in recent months, but most market analysts are skeptical that the statistical improvement is real or lasting.
The headline numbers on housing also appear good, with building permits increasing 16.7 percent in December. However, units actually "currently under construction" came down by the same amount, 16.7 percent. Housing starts decreased in December by 4 percent and starts of single-family homes were down by 9 percent.
Even the improvement in building permits indicates continuing trouble. The increase in permits occurred mostly in the Northeast and West, and the bulk of the increase was for multiunit structures (i.e., apartments and duplexes). This makes sense, given that people are losing their homes or downsizing into apartments due to budget constraints.
Also, the number of permits issued in December 2010 was 7 percent less than in December of 2009. Likewise, housing starts were 8 percent lower this December than in the previous year.
One factor weighing on the housing market was interest rates. Mortgage rates have started to increase along with bond yields. Presumably, Mr. Bernanke thought QE2 would have reduced mortgage rates, but he recently testified to Congress that the new higher rates are actually a sign of "green shoots" in the economy. Higher rates could be a sign of economic confidence, but other signs indicate lenders are concerned about inflation and are raising rates to account for the falling value of the dollar.
The price of everything seems to have skyrocketed. Only housing, the dollar, and inflation-adjusted income are negative. World food and commodity prices are up 28 percent over the last 6 months. The MIT "Billion Prices Project" confirms that prices have been surging higher than indicated by the consumer price index. Entrepreneurs tell me that big price increases are already planned for everything from vegetables to blue jeans.
Higher food prices set off the revolutions in Tunisia and Egypt and the mass protests in countries like Algeria, Jordan, Yemen, Bahrain, and Iran. People in these countries buy more unprocessed foods and spend a much higher percentage of their income on food, so they have been severely impoverished by Bernanke's QE2.
Bernanke claims that monetary policy cannot change the quantity of wheat by one bushel and that higher food prices are the result of bad weather conditions in Russia and Australia. However, bad weather does not explain why the prices of virtually all food and nonfood commodities have increased substantially in recent recessionary times. This is clearly a case of too much money chasing too few goods.
Of course, it would be incorrect to credit Bernanke for freeing the Egyptian people, because food prices were only the trigger, not the true cause of all this social unrest.
However, it is surely correct to credit Bernanke and his fellow central bankers for worldwide commodity inflation.
Mark Thornton is a senior resident fellow at the Ludwig von Mises Institute in Auburn, Alabama, and is the book review editor for the Quarterly Journal of Austrian Economics. He is the author of The Economics of Prohibition, coauthor of Tariffs, Blockades, and Inflation: The Economics of the Civil War, and the editor of The Quotable Mises, The Bastiat Collection, and An Essay on Economic Theory. Send him mail. See Mark Thornton's article archives.
I have a motive for ya.... the feds need to blame someone for the mess they've gotten this country into. Evil boogieman "hackers" just might provide a perfect scape-goat and while their at it they can throw that Internet kill-switch. That ought to scare a lot of people into submission. Get your shorts ready.....
Well THAT'S a relief!!!
Hi Sid, I had a similar experience with Ninja Trader, check out ToS for tick charts. If you're a MACD, MA type trader, I think you'll like 'em.
I'm glad you like the tick-charts. My experience with them has been pretty dramatic, I liken it to putting on a pair of corrective eye-glasses. I hope your vision improves as much as mine has! 8-)
I did try Ninja Trader but I honestly didn't give it much of a fair shake before moving on. One question, does Ninja Trader have tick charts? If not, forgetaboutit..... haha
ryanmnly, if you have any questions about ToS feel free to PM me and I'll see if I can answer your questions. I know you went to a Monkinar, are you trading the F's?
Bob
yup!
New FINRA rule 4320 which goes into effect 2/28/11.
There’s 3 new laws gaining attention in the NSS market reform arena: FINRA 4320 goes into effect on 2/28/11. It mandates 13 day buy-ins for open delivery failures FINALLY applying to shares of non-reporting corporations. FINRA 2010-043, also starting on 2/28/11 reinstates the “short sale exempt” (SSE) marking requirements for trade reporting and the OATS system. Those MMs accessing the bona fide MM exemption from executing pre-borrows or “locates” before admittedly naked short sales must now FORMALLY acknowledge the accessing of that universally-abused exemption. Being that these trades are theoretically being made to “inject liquidity” then the excuse to hide the related trade data from the public’s eyes goes out the window. You can’t have it both ways and claim the bona fide MM exemption and later claim that the related trade data needs to be kept secret because it might reveal a “proprietary trading strategy”.
Truly bona fide MMs that are able to legally access that universally-abused exemption cover their naked short position on the next downtick after their short sale when buy side liquidity is in need of being ejected as share prices fall. The 3rd new rule which is in effect now states that the offers and bids that MMs post must be of approximately the same size. No longer can the offers be of 1 million shares and the offsetting bid good for the minimum 5,000 shares.
The verbiage in 4320 is especially well done as it FINALLY puts the clearing firms that aid and abet this crime wave on the spot. With the FFETF, which is made up of 25 different agencies, now on the scene the transparency has increased markedly. You can imagine how critical the lack of transparency is to a crime involving selling nonexistent securities and then refusing to ever deliver that which you sold AFTER being allowed access to the funds of the investor being defrauded.
Credit to one Dr. Jim Decosta.
MT4 does have tick charts and I've played around with it but never really got into it. It only runs on Windows and it's a serious resource hog so I kinda gave up on it for now. Over the past several months I've invested a lot of time into ThinkorSwim which does have tick charts. Time-based forex charts are extremely ugly and MACD, especially in the short term, doesn't represent risk as you'd expect. However, when you switch over to tick charts all of a sudden forex looks "sane" again. MACD, tick charts and forex are a perfect threesome.
MACD and tick charts is a forex scalpers dream
silver, nice! I'd like to play that game but unfortunately Thinkorswim doesn't support it.
What pairs are you trading mostly? EUR/USD?
that is extremely tragic, things will change and that will also be tragic
their security, not ours
Inc? Yes that is very interesting. What does "RCC" stand for?
cha ching!
after heeding that sage advice my faucet works great too! Thank you sir!
A wise trader once said "I go with the flow" :)
pull the lever again! :)
Yes sireeeee!
Happy New Year Sid and congrats!
SEC Blows the Whistle on Gendarme
SACRAMENTO (CN) - The two principals of Gendarme Capital Corp. sold more than 15 billion of shares of unregistered stock, under misrepresentations, reaping more than $1.6 million in illegal gains, the SEC says in Federal Court. It sued Gendarme and its principals Ian Lamphere and Ezat Rahimi, and an attorney who represented Gendarme in acquisitions of stocks that the company resold.
CEO Rahimi, 26, of Elk Grove, Calif., controls the company with vice president Lamphere, 33, of Lawrenceville, Vt.
Cassandra Armento, 40, of Greenwich, N.Y., is licensed to practice in Vermont and Massachusetts. "Armento represented Gendarme in its acquisitions of stock from companies quoted on the Pink Sheets," according to the complaint.
"Since early 2008, defendant Gendarme Capital Corporation ('Gendarme'), through its principals Ezat Rahimi and Ian Lamphere, has engaged in an illegal stock distribution scheme," the complaint states. "The defendants have illegally sold to the public billions of shares of stock without registering the transactions or having a valid exemption to registration, as the federal securities laws require. Gendarme acquired the stock from small public companies at 30-50% discounts to the market price in transactions where it falsely represented to the issuers that it purchased the shares for investment purposes only (not for the purpose of resale). Typically within days or weeks of acquiring the shares, Gendarme resold most of the stock in the public markets. Gendarme profited more than $1.6 million on its unregistered and illegal public distributions of stock.
Gendarme typically bought shares from companies whose stock price was quoted by Pink OTC Markets, Inc. ('Pink Sheets'), a private electronic inter-dealer quotation and trading system used in the over-the-counter market. Companies quoted on the Pink Sheets are not required to file periodic financial and disclosure statements with the Commission. Thus, when distributions are unregistered, little or no disclosure about the company may exist. In acting as a conduit to dump shares of Pink Sheets companies on the public markets, Gendarme engaged in a lucrative end-run around an important disclosure policy underlying the securities laws.
"Gendarme's outside counsel for its stock acquisition transactions was Cassandra Armento. Since early 2008, Armento has issued more than 50 opinion letters to stock transfer agents for Pink Sheets companies whose stock Gendarme purchased. The opinion letters falsely claimed that Gendarme was not an 'underwriter,' and thus did not intend to distribute the shares. The letters were required for Gendarme to obtain the stock without restrictions on the stock certificates, which allowed Gendarme to easily sell the shares on the public markets. Armento played a necessary and substantial role in Gendarme's scheme, and thus also violated the securities laws."
The SEC seeks injunctions, accounting, disgorgement and civil penalties.
http://www.courthousenews.com/2011/01/07/SECvGendarme.pdf
Thanks 4kids, Happy New Year to you too! After it's all run it into the ground there's only one way out and that's up. Between now and then we are surely in for some interesting times to say the least.
PB
Garrett is my Congressional representative (sic) and IMO his record to date has been better than most but that doesn't give him a free pass. Thanks for the heads-up, I'll be watching closely.
Yes, RCCH and Baida have the same address and for some reason the last sentence of that page caught my eye as well "Since 2003, this project has received wide attention and solid support from the American Indian reservations." There are some other things on the new Baida website that are also curious to me.
A drought in the MidWest and a "flood" of Federal Reserve Notes, this is shaping up to be a perfect storm!
LOL