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Hey!!
Someone going by the name of GypsyTrucker just bought my new website a cup of coffee... and I suspect it was a certain cAt that hangs out in here! :)
What's happening?
Left my Systems Analyst job at the end of 2013 and have been writing/blogging/trading over the past year. Money's running out, so I started delivering papers overnight...nice peaceful work.
Gotta get back to maintaining the blog again...didn't know anyone had found it yet! LOL
I've only had 2 trades so far, but there's a net profit.
My initial buy was 0.80BTC at an average price (I scaled in) of 690, and I had a sell of 0.15BTC at 929 after news came out that Zynga was accepting it.
My current boundaries for action are buying below 720 or selling above 1030. I'm using a SAFE of 10% and adjusting my trades to be in increments of 0.05BTC
Probably good advice!
What I'll do is just run the account for a while and if I have interesting results at some point I'll pop back in with some details.
Happy Holidays all!! :0)
Hello A.I.M. Users!!
I don't know if anyone here will remember me (possibly Tom and TooFuzzy), but I was here in about 2003-2004. I even won a secret decoder ring from Tom one month! (Anyone remember that? You had to call each 1000th post I think.) Anyway, I later migrated over to the OTCBB boards, then into FOREX, and finally to another site which has an in-depth FOREX crowd.
My reason for popping my head back in is just some curiosity. I'm wondering if the board has discussed the phenomenon of BitCoin at all, and specifically whether anyone has tried the A.I.M. approach with that.
BTC, as most of you probably know, has been quite volatile since its inception, which makes it an attractive candidate for A.I.M. Also, since there's only going to be a limited supply of BTC (21 million I think) at some point, the supply/demand situation is favorable. On the downside is the extreme speculative nature of crypto-currency. It may turn out to be little more than another bubble...froth on the waves of history.
I've begun a small (< $1000) BTC A.I.M. experiment, and would be happy to report on it here if anyone's interested. If this is off-topic or has been already discussed and discarded as a topic, please let me know and I'll slink away quietly, LOL. :)
Well I learned a lot about Martin Armstrong over the past weekend. Surprised I'd never heard of this before. 7 years in jail for contempt of court and then another 5 when they reneged on his plea bargain deal.
Didn't someone once say, "I love my country, but I fear my government..."
Looks like there's an entire book on models and methodologies available at a link there. I sent the link to myself to read at home. Thanks!! Hope your summer is going well.
I stopped all the statistical searches long ago and just fell in love with the carry trade. Although we're currently in the worst environment for it right now with world interest rates so low, I'm building a multi-year short position in the USD vs. several growth economies like Turkey. When interest rates move up again, I expect to be doing well.
Long time no read! Sounds like you're doing well. :)
There have been a rash of lower than expected economic numbers out of the U.S. lately, most notably the 2.5% GDP number which I think was expected to be 3% or somewhere around there. Also, the Cypriots just approved a new bailout plan by a thin margin.
It will. Europe hasn't even BEGUN to implode yet...
Haven't heard of it... I'll look it up!
w00t! Good luck to us both!
I expect to be able to sell dollars at more expensive prices over the next few years as the Eurozone implodes. The only way for their individual countries to pay their debts without massive austerity and it's accompanying political social unrest is to get out of the Euro and monetize. Cyprus may be doing that very shortly. Others will follow. This entire period of Euro crisis will be good for the dollar.
Until it's over.
At that point, the U.S. will have come even further along in its own debt crisis I believe, and as the U.S. monetizes its own debt, the world will move from the dollar to other emerging areas.
We used to be at the top of the heap, but now there seem to be other countries emerging with space programs better than ours, internet speeds 100x faster than ours, markets freer that ours, and leaders better than ours, and people more rational than ours (just look at our last presidential election).
When there's no more Euro crisis, and the U.S. is continuing to pump out dollars to monetize our own debt because we don't have the political will to fix it, then the world will turn away from the dollar.
And when that time comes, I plan to be very very short.
Yay! That's a selling opportunity for Cap!
While the dollar may not weaken relative to the other majors (as everyone races to the bottom) I'm interested in its decline relative to my longs. I'm in Turkey, India, South Africa, even Hungary. These place, while risky, are the new wild west of growth and provide investors with higher returns for their risk.
Where else can investors go? I think you hit it on the head when you talked about the market. Yes, investors overseas buy the dollar to invest in the US markets, but then they in essence SELL their dollars when they buy stocks and commodities. The value of the dollar drops in relation to these things. I'm also long the US Stock market as well as other "stuff" (food, durable supplies etc.) in preparation for the day when my dollar will only be worth a fraction of the "stuff" I can buy with it now.
It will be fun to watch and see what happens! :)
Hi there Elder! Long time no type.
It looks like we'll be on opposite sides of the dollar trade as I sell the USD to you. I've been short the dollar continually over the past 3 years, using it as the funding currency for my carry income.
My outlook on the dollar is negative as the U.S. continues to ignore its debt problem. There will be no political solution in my view, so the only option (aside from default) is to monetize the debt. They're essentially already doing that.
A hypothetical causal chain from the past couple of years:
Bernanke's buying >>> more dollars >>> world commodity prices rise >>> food costs more in many poor parts of the world >>> people are up in arms >>> "Arab Spring"
Yes, still in TN. Doing software development. Still carry trading as well. Just hit my first $100+/month in interest income.
I'm kickin' :)
No, I'll say hi now.
I'll say BOO! on Halloween...
bwwwahahahaha!! I skim through most days as well. Most of my activity now though is over at "the other place." ;)
Happy Holidays, iHub FXers!
agreed! :)
No, I skim through the FOREX and CLWR boards once a day. My trading is very slow, steady and boring though, so there's not much for me to post about.
...and some of the "oldest" gang as well. ;o)
Happy New Year!!!
I'm just buying Turkish Lira.
LOL... Greenspan was one of US. Look at his earliest writings and with whom he associated back in the 60's. His tenure at the Fed (including the famous Greenspanspeak) was his huge joke on the collectivists, but only a few of us got it...
Your de jure spectacles aren't allowing you to see the de facto reality.
Wow, that's funny... I was actually thinking of asking the exact same question. As the world's most oppressed minority, it's hard to believe anyone could seriously accuse laissez-faire capitalists of "propaganda."
I thought that piece was spot on. If anyone can effectively refute a single fact or point of logic in that article, I'd gladly hear it.
chime, chime!! Happy Holiday's iHubbers!
There's a lot of good info on IH, but unfortunately a lot of it gets buried. The reason is that conversations take place on broad-topic boards which go on for thousands of posts.
In a thread-based architecture like the one on FF, there are many short threads, each of which deals with a specific topic. It's a lot easier to find old discussions about a very specific thing, because those discussions are encapsulated in single individual threads.
It's like the difference between being in a small focused seminar room vs. being in a large crowded auditorium.
I hear he's alive and well on Forex Factory. Something to do with the "thread based" architecture over there vs. the "board based" architecture on IH.
Howdy gypsy trucker LOL.
Yep, still around. I check in on the room every day, but don't post much outside of FF. Life's about the same; still in Memphis, still can't stand the humidity down here, etc. Still trading too. Lately I've been studying volume distribution and order flow.
...and of course I'm still keeping one eye on this board from the lands beyond. ;)
No prob! :)
Oanda does maintenance a lot on Friday nights so I'm used to it now. As soon as the system doesn't come up, I just google "Oanda Forums" and go to the "FXTrade Platform Issues" board. Sure enough, there's usually a bulletin posted there about maintenance and when it will be done.
Oanda has maintenance on both FXgame and FXtrade scheduled until midnight tonight EST.
Sticking my head in from the wilderness to say...
HAPPY NEW YEAR!!!!!
:)
LMAO! Love it!
Happy Holidays iHub FOREX traders!
Jester, I'm a Festivus celebrater myself, so Happy Festivus for the Rest-of-us back at you! :)
LOL, I know what you mean about not letting it go. I've been getting Business Week for over 20 years now. Gotta have it!