Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hmmm....I dont c your name on that list....must be cuz u r over using that word.
Think my patent is due 2 b approved soon....then my lawyer will be doin lunch w/yours...& yours will be footin the bill :0
Doin good.....jus 6 more left & I 'm still St Nick fat w/9.5 hrs left.
warning....
overuse of the word "MOJO" can lead 2 bad karma :0
Now I wouldn't happen 2 b be gettin mocked would I? lol
anyone know who these folks are?
http://www.currensee.com/
sounds pretty kewl....joinen the Beta may be fun?
Edit: Lone & Nettles...
Lone....have ya given Oanda a spin? Can demo there for as long as ya want & have several demo accts ta boot....can set up different leverages, add/remove demo funds @ anytime, reset your roi @ anytime, etc.....lotza options over there...way different from that of any of the demo side competition I've seen...& I also think they deal w/the low ball accts too when u feel u wanna give that side a try.
I like'em.....pretty fair floating spreads too...for the most part....ck'em out.
http://www.oanda.com/
Nettles.....indeed..the long hold is a whole 'nudder animal.....different mental psyche fur'sur. Ya gotta be willing to be down huge at any given time (of course u still wanna try & nail the entry) & of course feel comfortable walking away. You really gotta work hard at allowing yourself ta sleep w/an open position...easier said than done when all you've known is scalp'n. Of course you also have to believe in your big picture call...I happen to feel the dollar is destined for a fall....& we're beg to see fairly clear evidence of this now....also beg ta hear more & more sentiment along this train of thot. I'm beg to read more calls now for a greenback fall. Really makin that usd/chf short in the 1.2177 neighborhood look sweeter 'n sweeter. :))
Demo w/that strat 1st tho...see what coulda been :0
Edit: from cnbc
Please note, that the currency markets were closed as of last night but have now re-opened. Any trades placed between 12/11/08 2:48p ET and the market re-open will be rolled back and all open orders/positions will be reprocessed against the price movements. Start Trading NOW
Also, Friday’s leaderboards will only reflect processing on Thursday’s stock & ETF orders – any currency activity from Thursday will not be reflected until after the end of day processing on Friday after the market close.
here....I may as well post this link now.....
http://ragingbull.quote.com/mboard/boards.cgi?board=FOREX
lol....I gotta run now tho & get the day goin.....back in an hr or so.....& Daiello.....if u dropped a reso off at Bernie's & ya hear from his office.....RUN!!!! :0
Would that be considered the stocking stuffer? :0
OK....I think I'll have to go e z for the next several hrs.....this is sure 2 b one of those days where blowin thru 15 could very well occur by the 1st Sbux break.
May be a day for that Raging Bull board.....I shutter 2 think.
"have become" u say.....
it's been that way for yrs.....just now it seems more so than usual b/c of the times.
& lets be clear just whose makin them out 2 b the Scapegoats here......Uncle Sam of course.
Aheem....have ya watched the Addendum yet by any chace?
Dow wasn't down quite as much ouda the gate as I thot it would be.....it's still early tho....plenty of time b4 the usually dreadful final hr of the equity week...& no talk here yet of the Maddof news? Guess that's why we "love" the equities so much. Also...the gmac news....they only have a few more hrs to become a bank....& wadda ya know, none of their bondholders (or not nearly enuff) want anything to do w/their offer....can ya blame'em?
"GMAC on Nov. 20 asked holders to tender their securities for as little as 55 cents on the dollar in cash or a combination of new notes and preferred stock. The finance company is trying to skirt default by becoming a bank, potentially gaining access to the Treasury’s $700 billion rescue fund and other funding programs."
http://www.bloomberg.com/apps/news?pid=20601009&sid=aHSt6El3hZj4
Gold continues to go north...no shocker there....& update w/the usd/chf short....almost back to new highs @ 417 & 402.....a few hrs ago was the high @ 437 & 422.
GL all.....if ya got equities.....me thinks u r really gonna be needin it.....& wadda time for the Madoff news....talk about 1 huge cherry on top of the icing :0
http://biz.yahoo.com/ap/081212/wall_street_arrest.html
goin back north on me.....only 347 & 332 now....lol was over 400 at their high pt approx 3 hrs ago.
Get this...on our LOCAL 10p news we gotta "breaking news" flash 45 mins into the newscast...."the failed Det bailout has caused the dollar to plummet vs the yen"
I dont ever recall hearing any currency news like this on our local news...let alone breaking news....that was approx 3 hrs late...lol
It's gonna be an ugly US day manana....unless DC can somehow put some bandaid kinda news out there by the NY open. Sub 8K very possible I'm guessin.
Loven the SDS if only as a day trade manana...& even tho gold is up over $50 on the week....still, ya gotta like it come NY open.
My cnbc port is gonna be lookin real sweet.....triple long gold...double short S&P & double short dollar.....& throw in some short com r/e for good measure.
Time ta go hide under the covers.....hopefully we'll be able ta get some quality REM w/all this news churning about :0
Ni TZzzzzzzzzzzzzzzz
PS
Stock Weazel......that 1.2B Buffet currency loss......think that was just the 30 mins from 8 ta 8:30 this eve :0
now there's an understatement ;)~
for approx 5 mins from 8:30 - 8:35 what happened....seemed as if the spreads went up (Oanda)& there were no trades.....did this happen w/other platforms?
Man alive was there some money bein transferred for apporx 90 mins there....whew!!
OK...y waste my last post......
usd/chf short now at the 400 mark...409 & 395....really snow ballin now....lookin like I'll be green for sure this wknd & if not at 500 by tomorrow's close.....on pace for next week.
Heck, at this pace, maybe I should hold out for 2 1K pip positions :0
Gotta think ol' Daiello is just about ready ta say Uncle & go bear here.....or does he not care about tryin ta nail the top....then again....guess he already missed it ;)~
whoa....shouldn't that read 7 pacific....not 7 edt? Did I just find an IBox typo?
Tokyo per the Ibox....
Tokyo Trading Session
7:00 PM - 4:00 AM (EDT)/Average Daily Volume $210 bn
Tokyo is the first major market to open, and many large participants often use the trade momentum there as the benchmark to gauge market dynamics as well as to devise their trading strategies. Trading in Tokyo can be thin from time to time; large investment banks and hedge funds are known to use the Asian Session to run important stop and option barrier levels.
So indeed...it is the Tokyo open......duhhhh.....really whacky right now.....all over the place.
Couch time I suppose.....I want no part of this...already lost a few tryin ta get cute & play this BS :0
Def not 4 amatuer hr that's fur sure.
So w/that I bid u all a very good next hr or 2....I'll try & return for a few after Grey's....around 10 pst...so if there's any late right coasters around....see ya then.
Cheers!!
no b/c it's occuring w/the live accts......
I'll tell ya....if they got the live accts on the same servers as the cnbc challenge...they got some serious admin probs....that would really be 1 all time bonehead move imo.
edit: looks like the yen......only 4 more posts after this.....time ta start editing I guess...lol
edit: so it was it simply a matter of the Nikkei opening?
Not even sure if it opens right now but I can't seem ta pull up any sig news....so me thinken it's simply this....a reaction to a red Nikkei open.....no big e then......& in my best SNL Emily Latilla voice....."oh, "never mind" ;)~
what's goin on....mrkts movin like somethin jus happend....BIG TIME!!!!
News anyone?
strange....if the demo was workin fine then why did the cnbc side go down too?
they couldn't possibly have the cnbc demo trades on the live side...could they?
Wadda nightmare for fxcm.....& w/the $25 promo goin on too....as if that promo in & of itself wasn't a bad enuff move (forcing 400-1...setting folks up to fail)...now they crash & go boom :0
Which if memory serves...the exact same thing happened during the 1st port challenge...wasn't 4x trading cancelled for the 1st week or 2 right oudda the gates b/c they had tech probs?
Sorry....w/this kinda track rercord...aint no way on earth fxcm is gettin any of my $$$. Think this whole association w/cnbc's port challenge has really backfired somethin awful on'em.
& this from cnbc & the current port challenge w/re to fxcm....
Please note that currency trading is currently closed. We expect the currency markets to re-open at 1am ET. At that time, any trades placed between 2:48p ET and the market re-open will be rolled back and all open orders/positions will be reprocessed against the price movements.
Also, Friday’s leaderboards will only reflect processing on Thursday’s stock & ETF orders – any currency activity from Thursday will not be reflected until after the end of day processing on Friday after the market close.
Wuz-up UB.....
dollar = lookout beeeloowwwwwww :0
;)~
yeah....got stopped out w/the turtle long....not patient enuff...& now my clock is out....gotta run already for the p/up & the usual run around town errands....back a lil later on...'round the close...& GL w/that 91.90....looks very doable from here.
Cheers!!
Edit (at the bottom): Nettles 'n Sherri....
Nettles - I think it's pretty safe ta say Det will get theirs...I wont get into how I feel about it.....except for in short....if they do indeed get it...I think at least the weakest of the 3 should merge w/the 2nd weakest & the remaining 2 should provide a revised biz plan that makes sense.
W/re to the Beast...I did jus close out that 2nd lot @ 137.45....chickened out I guess....especially since I dont wanna be holdin it too long & considering how much its' ran this AM I'm now thinken it'll be retracin for awhile to the south....so I bailed on it. Another reason I did is b/c I wanted to go short e/j....considering the run to the north there...I'm liken the sort term prospects for a retrace to 121.60...just grabed a short there @ 122.27...got up a fast 30 w/it but now it's trendin back up....play the wait 'n see game now....a 40 pip stop @ 122.67 which I think/hope is safe.
Sherri - indeed....demo w/the beast til ya feel like ya know it like sib.....that's what I've been doin w/the e/j the last 2 mos or so now....love the volitility there & the spread isn't too bad in genl...expecially considering how volitile it typically is. I think I've got a pretty good feel for it now.....still workin w/the Beast tho...truth be known, I decided to play w/it again since there's been some interest shown here. There was a time when I was playin it fairly consistently but then decided to focus more so on a more conservative approach & lost touch w/it. Gotta admit...after gettin back on that wild horse, I feel like it's kinda like riden a bike.
I do like your long u/j here ('cept it is hedgin my e/j thots)if u r still holding....not sure where u r at w/it but I think I'll nibble a bit here @ 91.69...like how it's pretty lined up at the bottom of the channel...albeit the 1 min.....but I am lookin for a very short term play w/it....maybe to 91.90 is all. Shoulda been more patient tho...already down a fast 10 as it hasn't quite gotten to the true bottom of that 1 min channel....which looks to be around 91.50...may add to it if it gets down there. GL w/it.
Edit....& dang if my short usd/chf aint up almost to da tune of 400 now....394 & 380 ;))
Just misssed my tp on the g/j on that spike by approx 4....grrrr....think I'll get cocky/greedy & raise it....really feel it's good to 138.35ish..most likely more to maybe the 3 day 139 resistence.
What made ya go short w/it if I may ask?
Sounds ya like even so u were able ta steal 30 short even tho it's runnin north....that magic wand be workin OK 4 u ;))
edit: yeah....'specially the beast....fast mover/high spread.....best remain on the cautious & conservative side til ya begin ta build upon the ammo & feel like u r gettin your mojo back.
Off ta get some b'fast goin....then back a lil later for the kidfree 90 mins that goes by waaay too fast....maybe this time I'll have a lil company at the beg of that hr instead of the very end like Tues :(
9-10:30a left coast ticker
Cheers!!
edit: Glance wanted me ta add this lil clock in the IBox....will do so a lil later on
http://www.poodwaddle.com/worldclock.swf
kinda depressing if ya ask me...UB might think it's kewl tho...lol
fwiw I think the beast still has a ways ta go....think it's gonna test the 12/8 140.50 territory....tho after the recent lil run its' had this AM I'd try of course & wait for a retrace b4 nibblin.
Still tho...I think even here @ 136.70 you can grab a few if ya dont wanna wait/risk waiten for a retrace.
Sorry ta hear Sherri...hang in there....that's the beauty of 4x....there's always a trade or 2 somewhere....in the meantime jus nibble around & you'll fall into somethin.
Agreed w/ya on the cc issue.....& as far as the FICO/credit score goes....that too is gettin even harder ta figure out as they always seem to be changing the rules on us these days.
Used to be the higher the unused credit limit ya had, the more of a risk u were considered.....now as I'm hearing, it's the opposite...they're now lookin for the responsible folks who stay well w/in their means payin off several times the minimum on a steady mos basis....'anyways' (an inside Daiello joke)....
Banks Brace for Credit Card Pain
12/11/08 - 06:33 AM EST
Credit Card delinquencies are on the rise amid the weakening economy and lingering mortgage crisis, putting added pressure on bank issuers already facing a bleak landscape.
http://www.thestreet.com/story/10452410/1/banks-brace-for-credit-card-pain.html?puc=_htmlbtb
Went long gbp/jpy this am @ 135.90 as I was writing this.....good timing it appears....covered 1/2 @ 136.67 jus now...set the sl to b/e & lookin for 137.83.....jus under the 4th fib....which was drawn fairly loosely (conservatively) from 138.50 to 135.87.
& of course the short usd/chf has been goin well this week.....both are now up 300 & 321 ;))
OT - well in your case...cc debt is good debt b/c u dont have a mortgage. If you happen to have a student loan then that would most likely be the one ta try & pay off 1st...but since u aint graduated yet...no worries in tryin ta hack away at that bill...if indeed you even have a student loan.
But I think u were only jokin anyway....think I recall u sayin you dont carry much of a bal..if at all....def do all ya can ta keep it that way....cash is King...especially in these times.
There's tons of folks out there who never even plan to pay off their cc bals...ever. In fact they open up as many accts as possible paying only the minimums in order to stay in good standing as long as possible. There was a day not too long ago when folks could actually run w/that kinda plan & they'd still continue to get offers for new cards in the mail on a weekly basis....& back then cc co's loved folks like that....but dem days are long over now...& most likely never to return...thus those are the folks who are lookin at goin into banko these days...if not already have....& why those of us in good standing are payin higher rates.
I always make sure that if I'm running a bal...at a minimum I set that card up on autopay for the minimum so if for some reason the real payment is late (or they try & tell me it was late) or somethin snafu happens...I know at least the minimum is made & thus wont give them the excuse to raise my rate to 28%....or whatever that crazy ass penalty is these days. Damn if I'm gonna go from a 6.99 to 25+% b/c I was a day late w/1 payment....that's messed up....tppphfftt!!
but....anyway....lol
will now....lookie who came up for a lil air......
no time now ta rap w/ya Bud.....but dang Dude....sure be good ta 'see' ya again.....will def ck back later on today ta give ya your due MIA punishment :0
Seriosuly Bud....real nice ta see ya again.....could it be a dollar short that's brought ya back perhaps? ;)~
Cheers!!
edit: & whose surprised?.....is that some cockadoodle-dooin I'm hearin in the background.....some not so early roosters comin home ta roost perhaps? :0
edit: & will ya lookie at gold
& it was all due to your heads up....thx again.....I just saw that 92 support & thot heck, even w/out any Det bailout news it should move to the north once Tokyo opens....& wadda ya know.....then I wake up this AM ta see my short usd/chf long term play back up & past its' ATH profit mark.....one is up 247 & lookin for more & the other up 233.
Might begin to scalp some of'em here but not much...wanna hang onto as many as I can for the long haul...thinken I'll be able ta get 350 per position @ a minimum out of it & hopefully more like 500. Would be my 1st large scale hit if so.....let alone a planned multi-week hold :))
IHub blasphemy he says....
here...take this
http://ragingbull.quote.com/mboard/boards.cgi?board=FOREX
:0
& yet the turtle still moves north for me.....1 postion cashed out.....a few more on the 2nd & I will have completed the quick turn....15 more ta go....lookin for 97.74.
Thx Sherri for leadin the horse 2 the trough. ;)
OK....I'm done for 3 more hrs til Matt resets me :0
Was another good day....stringen a few together here....so far so good on the week.....tho young it be :0
din-din time.....Cheers!!
Yeah & if it wasn't for Raging Bull not having a currency board (4 sum strange reason...WTF is up w/that?) me thinks this place would be a Ghost Town.
1 left on the day here.....I'm oudda here to go p/up the 1st grader....wish I culd say back in a lil bit....guess after the next post I'll have ta take it ta email....otherwise....see ya's :0
EDIT & another 1 now...lol: OK... can tell u r gonna make me bust thru my remaining posts here..lol
Of course I hear ya w/re to bein short the dollar in genl...u know me....it's that after lookin at the turtle & seeing the support @ 92 & w/the bailout news pending....I think it's a decent risk/reward to be long the turtle here.....& yes, that's all I am lookin for...the quick pop.....50-60 tops & I'm out. & frankly, I think it can easily do that w/out any bailout news....it just looks so oversold right now.....but of course I agree in that the longer term trend is lookin south.
This is the beauty of 4x.....u can scalp one direction w/a short term strat & always be lookin to nibble for the longer term positions to the other direction should the opp present itself.
OK....guess I should now be tellin ya ta be on the watch for any possible edits from me w/in the 15 min window...bein that I got me 2 posts left w/7+ hrs ta go :0
EDIT: agreed w/re to the stop loss topic....most of us dream of the day when we are loaded w/the proper ammo....at least to the point where we can afford to play w/mental stops....hard ta lose in 4x when you have a bank of at least 10-15K.
On the Oanda demo comps where u begin w/50K....I've never run out of money....in fact I've never lost money either....& all w/mental stops. Like Jerle says....just dont over trade yourself & leave plenty of room for adding to a position should you find yourself down a considerable chunk....the majority of the time that position will come back for ya....jus a matter of time is all.
But as far as the under cap'd acct goes....that's a big no no playin that way....& especially for a Newbie. Indeed....very important to make sure u r playin under the proper guidelines that match your acct & risk tolerance.....rule #1.
Happy ta have a few standard's around her now....love hearin how fairly e z it all is when ya have the kinda ammo....some day.
Edit 2: Nettles.....again....jus lookin for a few..not many...which is why I drew a conservative fib....just grabbed me another lot of it & now they're both up a few pips...will play it very conservative....especially bein that I'm now over extended with it...lol
LMAO.....now ya tell us....1 min she's lookin for a hundred....the next she's bail'n :0
& here I thot I was bein conservative w/jumpin on that long bandwagon.
Tho I do agree w/Jerle in that 92 seems 2 b a safe place to be long...but jus my luck it'll break it down on us...lol tho for Jerle's sake I hope not bein he's swingen the standard bat around :0
OK....best mellow out here for awhile.....only 3 left after this 1....I think we should bombard IHub Matt's email box askin for a raise on the daily allowance of 15....after all it aint even keepin pace w/inflation let alone the cost of liven ;)~
Or maybe the mos of Dec should be free & unlimited all together.....ho ho ho Matt...or is it gonna be bah humbug? ;)~
alright Sherri...ya sparked my interest....
dont usually play the Turtle...but not a bad call to play the Det bailout w/it....long 92.13....set a fib from 91.95 to just under 93...a conservative fib as I like ta do....set my tp @ 92.75...just a pip or 2 under the last (4th) line.
gung hay fat lot ;)~
I hear ya....I think when the day comes & both girls are in school f/t I'll be that much of a better trader....ya know...like training yourself w/tons of distractions around ya (like the flick "21" if ya saw it)....when it finally all calms down it makes it easier for u 2 focus...you'll be that much better....well that's the idea anyway :0
Well jus as a few pop in...wouldn't ya know....I gotta run...leavin w/a short aud/us & e/j...both already covered from 1/3 to 1/2 w/a sl loss set at b/e or slightly in the green.....had a real good day thus far today...may try & press my luck in an hr or so after I get back home....gotta few stops ta make w/the lil 1 after the p/up....hopefully back b4 the US close.
Cheers!!
PS
Hope the sick'ee aint really all that sick.....at least so much to the degree that ya dont feel so bad about yellin at a "sick" kid who really aint all that sick ;)~
How does one not deserve it if they really aren't that sick at all? Jus curious.....I'd be pissed!! :0
yeah...sumtin jus happened ta make the mrkt react.....goin w/it now....
short e/j 119.34 & aud/us 6603...closed out the aud/long I had for a few pips...b4 the mrkt takes it all away & gonna try & move the other way w/the news here....whatever it was...lol
The Market Story Wall Street Trades Mixed - 12/09/08 - 11:02 AM EST
Stocks in New York, which opened Tuesday with losses, were lately trading mixed as investors took in the latest monthly housing and retail sales data.
The Dow Jones Industrial Average was down 29 points at 8904, while the S&P 500 was up 4.9 points at 914. The Nasdaq was gaining 27 points at 1599.
The National Association of Realtors (NAR) reported that pending home sales dropped about 0.7% in October, from September. Consensus expectations were for a steeper, 3% drop. Existing-home sales are getting a boost from sales of foreclosed homes, which have been accounting for as much as 30% to 40% of sales in some areas of the nation, according to the report.
& here's the rest
http://www.thestreet.com/story/10452144/1/wall-street-trades-mixed.html?puc=_txtmdb
& w/Fed Ex cuttin projections by another 10% (ystrdy's news)....that should be a huge tell as to where the mrkts should be trading over the next few mos....period!
Pending home sales fell modestly in October
Tuesday December 9, 2008, 10:44 am EST
Yahoo! Buzz Print WASHINGTON (Reuters) - Pending sales of existing U.S. homes fell by a smaller-than-expected margin in October, data showed on Tuesday, raising cautious optimism of some stability in the distressed housing market.
The National Association of Realtors Pending Home Sales Index, based on contracts signed in October, slipped 0.7 percent to 88.9 from an upwardly revised reading of 89.5 in September.
Here's the rest
http://finance.yahoo.com/news/October-pending-home-sales-rb-13782899.html
& I gotta say...I realize the mrkts are approx 3 mos forward lookin (at the most) but when it begins to react the way it should to reports like this...as in trade down on negative news, then we may finally be able ta say we're at or near the bottom.
I do not feel that #'s that aren't quite as bad as what was expected is a good sign...or at least viewed as a bullish indicator. Seems the mrkt these days views this kinda news as bullish....lookin for any reason whatsoever to rally on I guess.
What should be occuring here is that instead of the dow trading down 150 on this news....it should maybe trade down 75....instead we were shootin par thus far on the day....which is too bullish for this kinda news imo. Tho as I write this I see where indeed it is down 80ish....so perhaps we're finally gettin back ta basics ever so slowly here?
Negative #'s no matter how "good" they are should still be traded as such....just b/c it aint quite as bad as was being predicted is no reason for a green day.
Maybe Greenland could answer this being that he swings the big stick.....how on earth can the big boys trade a mrkt where black is white & up is down?
I guess we can look to all the Hedge Funds that have been goin under aqua & will continue doing so over the next few Q's going forward to answer this ? since Greenland may not even be reading the board here.
Just seems like an impossible market to trade when the fundi's mean squat.
Congrats on the closing....a great time 2 b 1st time buyers....especially if u r thinken about stayin long term....but ya got a 10 month mortgage?? Thot they did away w/those hybrid kinda loans....didn't think there was anything less than a 5/1 fixed that converts to an ARM at the end of the 1st 5 yrs. Maybe ya meant a 10/1...where it's fixed for the 1st 10 yrs (not mos)?
At any rate.....good to no longer be payin a landlord that's fur sure.
One ? tho...u aint plannin on usin the 401K ta trade 4x with are ya? If so...1 word comes ta mind.....eeesssh!!
OK....back & ready for a few posts....got approx 60-70 kidless mins...which always seems ta go by like an Olympic 100 yd dash :0
my aud/us long hit its' 2nd tp....forgot ta raise it after covering 1/3 & hit me @ 6581.....coulda had at least another 20 but green is green. So I'm back in it long @ 6601 since it seems like it still has legs....especially w/all the weak US #'s out there. I like how this chart is shapin up right now....the 1, 5 & 15 all seem to be linen up now for a decent long play...lookin like it wants ta knock on the 6675 door...which is where my tp is set. Will hopefully cover 1/3 ta 1/2 if it gets up 20 then reset the sl to a green exit...maybe around 10 @ 6611 or thereabouts...then let the rest go for that 6675 mark.
Also on the e/j short a lil earlier this AM....1st sl got taken out....a terrible trade as it turns out....went short @ 118.67 & managed to catch the bottom...lost approx 80 there :0
So I since went long @ 119.62 & just covered 1/3 @ 120.03...rasied the sl to the green @ 119.77 so worst case it'll be another 15 banked.
Anyone else out there & want a lil co for the next hr or so...by all means...pull up a chair.....