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Knowledge is Power

  • #621
  • Jul 13, 2008 2:25pm Jul 13, 2008 2:25pm
Quoting Two percent
Good to see that you have reappeared, my life was becoming.......

300 Trades 4 misses and a net profit of 20.8 %, I am glad that you reached your goal, which you set yourself.

For the past month my figures were:

140 Trades 1 miss and a net profit of 63 %.

No indicators, no technicals, no fundamentals, just pure mathematics.

Max possible drawdown 5 %

Do I do this consistently ?, the answer is yes I do, well most months are just below the above figure.

Will I post a copy of my Account, without question no.

Will I show you how I do it , the answer is a very defintely no.

However I will give you a tip I don't trade currencies, just pure GOLD.

Good luck with your 500 000 USD Client. Before you begin on Tuesday consider an OFFSHORE ACCOUNT, you could stash the money there no problem.

I am very happy for you. Nice to be back !


Bruce
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  • #622
  • Jul 13, 2008 10:24pm Jul 13, 2008 10:24pm
From WWW.JSMINESET.COM

Snippet:

Posted On: Sunday, July 13, 2008, 5:41:00 PM EST
http://www.jsmineset.com/spacer.gif
Gold In The Coming Weeks
http://www.jsmineset.com/spacer.gif
Author: Jim Sinclair
http://www.jsmineset.com/spacer.gif



Dear CIGAs,
Gold is headed to and through $1200. This is the Mantra and truth. All "smoke and mirror" reactions are buys. That is the entire review. I do not think this, I know this.
Why, you ask?
History was made last week but so few understand it and less understand how to protect themselves.
The events of last week are so serious that saving newspapers for generations to come will amaze people who read them in the future. Some of the questions you will hear are:

  1. How in the world did people not see the great dollar-destructive inflation coming?
  2. How could they possibly stay in the dollar?
  3. How could people have not bought gold?
  4. You have to be kidding. Funds were short up to their eyeballs in junior gold shares. These juniors are the only means of getting new reserves. Why did investors in juniors fail to take definitive action to stop the lending of their shares to the shorts?
  5. Why didn't everyone keep their hard earned dollars in gold?
  6. Why were the OTC derivative manufacturers not arrested for first degree financial murder?
  7. Why did so many educated people fail to see "This was it"?
  8. Why did so many educated people not understand the unwinding of the entire financial system was accelerating?


The facts of the debacle:

  1. The largest bank failure in US Financial history occurred because of OTC derivative losses.
  2. The two giant real estate financiers, Freddie and Fanny, are balance sheet insolvent. In English this means both companies are busted, all because of OTC derivatives.
  3. The damage to the financial system’s estimated size is predicted to be $1.6 trillion dollars. This number shocks people, but it is still far below the real number. Once again we should all give thanks to the OTC derivative Geeks.


Freddie and Fanny are to be rescued by smoke and mirrors designed to look like private sector investments.
This weekend the US Treasury and The US Fed are calling all banks and financial institutions that have populated the Begging Bowl Fed Loan Window to stay solvent to buy the multi-billion dollar bond issue scheduled to be auctioned on Monday. That is a joke as these institutions will have to buy them for their own account if they don't have insane clients to stuff with this paper. The question is where are these busted financial entities getting the funds for the bail out? Are these funds coming from the various Federal government entities that can buy any US security or bond?
I am offering a special award for the CIGA able to name the most Federal Entities that are by law allowed to purchase US securities and US Bonds.
The award is an air blast ping pong ball gun you can fire at financial TV when some damn fool is telling the public when gold or energy reacts that they are both all washed up. Your family and/or office associate will be pleased if you stop yelling at the screen and simply took aim at the idiot talking head.

The most expensive bank failure in the US occurs:
US bank IndyMac seized amid intensifying crisis
LOS ANGELES (AFP) - Federally-seized IndyMac Bank was due to reopen Monday after suffering one of the biggest bank closures in US history, as the troubled US mortgage industry struggles to stem further meltdown.
The regulatory Office of Thrift Supervision (OTS) announced Friday it had placed the California-based bank, worth an estimated 32 billion dollars, under the control of the Federal Deposit Insurance Corporation (FDIC).

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  • #623
  • Jul 13, 2008 10:30pm Jul 13, 2008 10:30pm
Hi Bruce,
Glad to see you back. Where have you been ?. I missed your post. Anyway welcome back.
  • #624
  • Jul 13, 2008 10:40pm Jul 13, 2008 10:40pm
Quoting leo9
Hi Bruce,
Glad to see you back. Where have you been ?. I missed your post. Anyway welcome back.
Thank You for your comments. How is your trading coming along ?

My comment about Twee is meant to be positive. Rules are made to be followed even if not followed without intent to disrupt. Without firm rules there would be disorder. Just look at the FED and the present banking mess !

I nominate Twee for Secretary Of The Treasury !!!


Bruce
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  • #625
  • Jul 14, 2008 1:58am Jul 14, 2008 1:58am
Quoting Warren Forex
I just generated a PDF file of my Fx trades for the period of trading from the date of June 26, 2008 to July 11, 2008.

That way you can see my last trades done. The FX trades to June 25, 2008 were already posted on this thread. I just added the generated FX Solutions report from June 9, 2008 to June 25, 2008. You now can review all of my 300 FX Demo trades in case you are interested to see how I made over 20% in Demo Net Profits in a month of trading.

Any comments or questions are welcome !!!
you proved that you got the guts....welcome back...i didn't know why there was so many people fighting you...you are a great source of information..keep up the good work...
pip and run ....
  • #626
  • Jul 14, 2008 2:56am Jul 14, 2008 2:56am
Quoting pipo77
you proved that you got the guts....welcome back...i didn't know why there was so many people fighting you...you are a great source of information..keep up the good work...
Part of a post from USD/JPY thread just a few minutes ago.

http://www.forexfactory.com/images/icons/icon14.gif My Two Cents !!!
As many of you know by my posts I called it right in that it broke 106.00 before it broke 109.00

I point that out for the following reason. While it is important to decide for yourself which way you think the Trend is going whatever time frame you look at for your Trend.

The charts represent the present direction and fundamental NEW facts will change things. In this currency pair a NEW fundamental fact each day is the direction of the Dow !

Because of the extraordinary situation in the financial industry in the USA I myself would not call the Dow to go either way until I get a new sense of things based on the new facts of Friday concerning the Fannie and the Freddie and as was pointed out the upcoming banking results.

Things are surely out of control bordering on desperation when you factor in the fast approaching November elections.

My point is do not assume any direction with certainty at this moment. Wait and watch. I am standing aside until I see the markets reaction to unfolding events.

Just be wise and be careful and protect your capital.

Watch the price of Oil and Gold as well. Watch the Yield's on the 2 Year US Bonds and the 10 Year US Bonds. Watch the spread between the two of them. As the spread gets higher you will notice the USD/JPY goes lower.

I actually need to find out why that is ! Anyone know the answer ?




Bruce
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  • #627
  • Jul 15, 2008 6:19am Jul 15, 2008 6:19am
I just posted this on the USD/JPY thread and I want to post it here as well.

I truly would like to help traders here improve their results. I am coming to the conclusion that without the serious desire and effort required that is not possible.

Here are my thoughts !!!

Warrenforex
Member Since Sep 2006
Posts: 1,148


http://www.forexfactory.com/images/icons/icon14.gif The Facts Are Clear !!!
Quote:
Originally Posted by bksujal http://www.forexfactory.com/images/buttons/viewpost.gif
i haven't seen a day like this for some time though all the 3 supports are broken don't know what's the next target

As anyone here who has read my posts know I have been pointing out the facts for months now. This market is driven by fundamentals. Look at the price of oil now at $146.50 and the Dow futures are down 137 at the moment. The Dow is under 11,000. All markets are down. There is serious inflation and the US Dollar is weak and getting weaker. The FED is out of bullets.

There was not one bit of this information in the charts months ago. For those of you unaware the charts show the market psychology at the moment. It does not predict the future. Previous support and resistance levels are good at times in normal conditions.


Trust me when I tell you that these are not normal times. If you really want to consistently make money trading FX then knowing the fundamentals and understanding them is essential.

I have been more than aware of this day for over 6 months now. I used to suggest to fellow Forex Factory Members to log on at least once a day to WWW.JSMINESET.COM in order to have a much better grasp of the fundamentals. The Euro hit a new high. The Canadian Dollar is again worth more than the US Dollar. Gold is near $1000 US Dollars again. Oil is approaching $150 US Dollars.

None of this is NEW NEWS for those that trade using "FTP" !!!

Fundamentals + Technicals + Perception !!!

Have A Great FX Trading day !!


Bruce

P.S. USD/JPY is now bid 104.80 ! When are we going to see 109.00 ?

My Point is made I hope.

http://www.forexfactory.com/images/misc/progress.gif

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  • #628
  • Jul 15, 2008 6:23am Jul 15, 2008 6:23am
Quoting Warren Forex
The above two posts give you a clear picture of how I look to understand and review the present state of the FX currency markets. I constantly do this to ensure that no fundamental changes are taking place in the marketplace.

If you have not viewed the video posted on this thread called "FTP" please do so after reading this post. FUNDAMENTALS get you into your position ahead of most others. Then you use TECHNICALS to get the BEST entry into that currency and also know where everyone sees, Support, Resistance and Pivot Points.

Then we get to PERCEPTION as I just explained above as did Jack Crooks confirm. GUESS WHAT ? Just like in the FTP video of a little less than 7 minutes shows, when the PERCEPTION becomes commonplace, that is when it will be ready to reverse as it just might do at or shortly over the next few days since ONE, there will be surprise by the NON ACTION of the G8 and following that on Monday and Tuesday coming, there is IMPORTANT US Data on the housing market including the much watched and accepted NAHB index coming out on Monday at 1:00 PM

I will do another post on how to take advantage of this knowledge to make money using my method of trading FX which works.

Here is the Link to the FTP video.

http://broadcast.ino.com/education/t...eboard_6/?blog

PLEASE WATCH IT !!! Thank You !!!


Bruce
One More Time ! Watch and Understand the 7 Minute Video and Improve Your FX Trading...

Have A Good Trading Day...Bernake Up at 10:00 AM as Dow gets ready to CRASH unless there is INTERVENTION !!!
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  • #629
  • Jul 15, 2008 6:38am Jul 15, 2008 6:38am
It is fascinating to watch it as it relates to the supply and demand point of the currency. Then as is pointed out once everyone is on the same page it probably is too late to make money. The KEY is to have your EDGE and know before the masses. Knowing fundamentals (Supply and Demand) and then using technicals gives you a BIG EDGE over other FX traders.

Once the Fundamentals are about to change again while the Perception has not then knowing that and again using Technicals, YOU have your EDGE again. This method works as my results always demonstrate.

Learn how and you will become a winning FX trader.


Bruce
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  • #630
  • Jul 15, 2008 6:47am Jul 15, 2008 6:47am
Is there anyone reading this post that would like to earn 10% a month trading FX ? If so post your name and tell me if you really are serious and will be willing to do the work required to get to your goal of 10% profit a month.

There is no cost to learn other than the investment of your time and effort.

If your method works than stay with it. If you have a closed mind then do not bother even trying something new.

For the last time I will point out the results of my demo trading using the FX Solutions currency platform. I did 300 FX trades between June 9 and July 11 and made a demo profit in excess of $20,000 US Dollars on a starting capital of $100,000 US Dollars. 98% of my 300 FX trades were winning ones. There is NO LUCK involved. Just hard work and good knowledge.

I am awaiting to see if anyone here wants to go from losing to winning !!!


Bruce
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  • #631
  • Jul 15, 2008 7:48am Jul 15, 2008 7:48am
Quoting Warren Forex
Is there anyone reading this post that would like to earn 10% a month trading FX ? If so post your name and tell me if you really are serious and will be willing to do the work required to get to your goal of 10% profit a month.

There is no cost to learn other than the investment of your time and effort.

If your method works than stay with it. If you have a closed mind then do not bother even trying something new.

For the last time I will point out the results of my demo trading using the FX Solutions currency platform. I did 300 FX trades between June 9 and July 11 and made a demo profit in excess of $20,000 US Dollars on a starting capital of $100,000 US Dollars. 98% of my 300 FX trades were winning ones. There is NO LUCK involved. Just hard work and good knowledge.

I am awaiting to see if anyone here wants to go from losing to winning !!!


Bruce

you have me in list...so far am making some profits...but not i should do...so more knowledge means more gain i hope...but i have a question..
which effects the Dollar the most :
oil, gold, or the American markets ????
pip and run ....
  • #632
  • Jul 15, 2008 9:13am Jul 15, 2008 9:13am
Quoting Warren Forex
Is there anyone reading this post that would like to earn 10% a month trading FX ? If so post your name and tell me if you really are serious and will be willing to do the work required to get to your goal of 10% profit a month.

There is no cost to learn other than the investment of your time and effort.

If your method works than stay with it. If you have a closed mind then do not bother even trying something new.

For the last time I will point out the results of my demo trading using the FX Solutions currency platform. I did 300 FX trades between June 9 and July 11 and made a demo profit in excess of $20,000 US Dollars on a starting capital of $100,000 US Dollars. 98% of my 300 FX trades were winning ones. There is NO LUCK involved. Just hard work and good knowledge.

I am awaiting to see if anyone here wants to go from losing to winning !!!


Bruce
hello bruce , count me in
  • #633
  • Jul 15, 2008 9:50am Jul 15, 2008 9:50am
Nice to see you back. Missed your daily information feed. Please include me in any of your plans. Thanks.
  • #634
  • Jul 15, 2008 9:55am Jul 15, 2008 9:55am
Count me in. I already trade oil and the Russell 2k on futures based on the dow.
  • #635
  • Jul 15, 2008 11:11am Jul 15, 2008 11:11am
Quoting Warren Forex
Is there anyone reading this post that would like to earn 10% a month trading FX ? If so post your name and tell me if you really are serious and will be willing to do the work required to get to your goal of 10% profit a month.

There is no cost to learn other than the investment of your time and effort.

If your method works than stay with it. If you have a closed mind then do not bother even trying something new.

For the last time I will point out the results of my demo trading using the FX Solutions currency platform. I did 300 FX trades between June 9 and July 11 and made a demo profit in excess of $20,000 US Dollars on a starting capital of $100,000 US Dollars. 98% of my 300 FX trades were winning ones. There is NO LUCK involved. Just hard work and good knowledge.

I am awaiting to see if anyone here wants to go from losing to winning !!!


Bruce
Bruce, count me in. I appreciate your insight into the markets.
Thanks
Tim
  • #636
  • Jul 15, 2008 11:24am Jul 15, 2008 11:24am
Welcome back, Bruce. Count me in.
  • #637
  • Jul 15, 2008 4:45pm Jul 15, 2008 4:45pm
Quoting Warren Forex
Is there anyone reading this post that would like to earn 10% a month trading FX ? If so post your name and tell me if you really are serious and will be willing to do the work required to get to your goal of 10% profit a month.

There is no cost to learn other than the investment of your time and effort.

If your method works than stay with it. If you have a closed mind then do not bother even trying something new.

For the last time I will point out the results of my demo trading using the FX Solutions currency platform. I did 300 FX trades between June 9 and July 11 and made a demo profit in excess of $20,000 US Dollars on a starting capital of $100,000 US Dollars. 98% of my 300 FX trades were winning ones. There is NO LUCK involved. Just hard work and good knowledge.

I am awaiting to see if anyone here wants to go from losing to winning !!!


Bruce
Hello Warren Forex,I have a system but I am always willing to learn...so count me in to
It's me...
  • #638
  • Jul 15, 2008 5:59pm Jul 15, 2008 5:59pm
I was always in. If not then count me again.
  • #639
  • Jul 15, 2008 7:33pm Jul 15, 2008 7:33pm
Here is how we will do it. I will compile a list of everyone who said that they were interested. I will suggest trades using the FX Solutions Demo account that I still have available to me. The Balance is now $120,885.40 US Dollars.

I suggest that you also arrange for demo accounts. There is no cost or obligation.

I can then suggest trades and also do them. I will explain why I made the trade and why I closed it. It will be like you are inside my head.

I will post my various formulas and why I trade in the style that I do. We will create the course together as we move along. Try to only demo trade as that will take the pressure off you. Some of those that are better than I on the technical side could post charts a few times a day. I will explain which charts are needed.

I will assign homework and answer any questions. Tell me also your best trading times as I trade 24 hours a day with breaks of course.

My main trading hours in Eastern Standard Time here In Montreal are from 8:00 PM to 11:00 PM (Japan) Off to bed until 2:30 AM and then I trade until 6:30 AM and rest one hour and resume about 7:30 AM until about NOON.

I take off 2 hours for lunch and a break and come back for the last two hours of New York trading. I then stop until about 8:00 PM

Looking Forward to helping all of us !!!


Good Trading Bruce
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  • #640
  • Jul 15, 2008 8:42pm Jul 15, 2008 8:42pm
Hi Bruce,

I noticed that FX Solutions offers several platforms and doesn't use metatrader. So are you using Accucharts or one of the others? Also, is everyone starting the demo with the same amount of practice funds(does it matter as far as your strategy)?

Thanks.
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