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Knowledge is Power

  • #681
  • Jul 16, 2008 9:02am Jul 16, 2008 9:02am
Quote:
Originally Posted by Warren Forex http://www.forexfactory.com/images/buttons/viewpost.gif
July 16, 2008 5:11 AM

As promised here is the List Of Serious FX Traders willing to invest their time and effort to learn and improve their FX Trading.

If you want to be included and you do not see your name on the list please add your name.

(1) pipo77

(2) bapho

(3) Rialto

(4) toafdawg

(5) swiftpip

(6) racetrack

(7) AgentFx

(8) leo9

(9) txfx

(10) Tarquin

(11) zenseven

(12) naOki

(13) Yonipaliyo

(14) John D

(15) sonicdeejay

(16) piphunting

(17) steven leo

(18) tundope

(19) Trumpcard





Any errors or those not seeing your name here please correct or add your name here on this post.

I am looking forward to get started.

Good Trading Everyone !!!

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

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  • #682
  • Jul 16, 2008 9:22am Jul 16, 2008 9:22am
My Cash Demo Balance Is $121,288.30 US Dollars now.

I have 3 open positions of 100K or utilization of 2.48% of my capital. All these numbers show on the FX Solutions demo platform. I can manage each position individually or close them all at once. I have charts, all the fundamental reports you need. The platform makes my FX trading easier.

My drawdown is now $182.18 and my average scale in cost is 104.27

Any questions or comments ? Can someone post a 4 hour chart and a 15 minute chart on USD/JPY ?

Are we having FUN ?

Bruce

More Important are we starting to learn.

Here is one of the BEST Free Web Sites to learn from...

WWW.JSMINESET.COM
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  • #683
  • Jul 16, 2008 9:33am Jul 16, 2008 9:33am
very useful tips..thanx...
pip and run ....
  • #684
  • Jul 16, 2008 9:42am Jul 16, 2008 9:42am
Look At Next Resistance and Look For place To Short !!!

I shorted at 104.67 just now ! I have 7 open positions using 5.85% of my capital !!!

Dow Up 121 Look For Resistance Levels ! Anyone Willing To Post a Few Charts ?


Bruce
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  • #685
  • Edited 10:06am Jul 16, 2008 10:01am | Edited 10:06am
Here's an attempt at a recent view of UsdJpy:

A quick burst of upward momentum that I wasn't expecting. Fundamentals?
Attached Image
  • #686
  • Jul 16, 2008 10:04am Jul 16, 2008 10:04am
Hi Warren,
Please add me to your group.
Lets improve ourselves.
BR
Dani M.
  • #687
  • Jul 16, 2008 10:24am Jul 16, 2008 10:24am
The NAHB number at 1:00 PM can greatly influence the markets. Last month was the worst ever at 18

National Association Of Home Builders Data

Gold is Down and Oil Is Down $5.02 on Oil Inventory ... Dow is UP 97 now and the KEY is the Yield on the 2 Year US Bonds ! That is now UP to a Yield of 2.40% which means that The US Bonds are being SOLD and the money is going elsewhere. Oil is being sold. Gold is being sold BUT GUESS WHAT ? It is being parked in Cash probably in a Hedge Fund !!!


Bruce
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  • #688
  • Jul 16, 2008 10:27am Jul 16, 2008 10:27am
Quote:
Originally Posted by Warren Forex http://www.forexfactory.com/images/buttons/viewpost.gif
July 16, 2008 5:11 AM

As promised here is the List Of Serious FX Traders willing to invest their time and effort to learn and improve their FX Trading.

If you want to be included and you do not see your name on the list please add your name.

(1) pipo77

(2) bapho

(3) Rialto

(4) toafdawg

(5) swiftpip

(6) racetrack

(7) AgentFx

(8) leo9

(9) txfx

(10) Tarquin

(11) zenseven

(12) naOki

(13) Yonipaliyo

(14) John D

(15) sonicdeejay

(16) piphunting

(17) steven leo

(18) tundope

(19) Trumpcard

(20) dan mir

Bruce is 21
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  • #689
  • Jul 16, 2008 10:35am Jul 16, 2008 10:35am
Quoting Rialto
Here's an attempt at a recent view of UsdJpy:

A quick burst of upward momentum that I wasn't expecting. Fundamentals?

Part of our FX trading results being winning ones is related to understanding why the USD/JPY went up and not down.

This morning it was the increase in Oil Inventory numbers at 10:35 AM that sent Oil down over $5.00

That in turn send the Dow UP over 100 and therefore USD/JPY went up !

By watching Gold get sold and Oil get sold and by seeing the money Flow out of US Bonds at least the short term ones mean that the MONEY is in CASH or AKA US Dollars.

Now bottom line it is ALL NOISE as Oil is still way to high. The banking problems remain and a BAD NAHB number like 17 at 1:00 PM would send the Dow down. Of course it might be 19 also and the IMMEDIATE PERCEPTION then will be Housing is at the Bottom finally. It surely is not.

This is the way to think and trade. Any Questions or comments ?

Bruce
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  • #690
  • Jul 16, 2008 10:37am Jul 16, 2008 10:37am
Let me just make sure that I'm understanding what you said about bond yields rising. The way I understand it, is that if people are selling US Bonds, then the price is going down but the yield goes up. If people are selling bonds, then the dollar, all things equal, should get weaker. Is this a correct understanding Bruce?
Christian
  • #691
  • Jul 16, 2008 10:38am Jul 16, 2008 10:38am
Quoting Warren Forex
The Reason That I Post The Opening Benchmarks for Oil, Gold, Dow Futures and the 2 Year US Bonds and the 10 Year US Bond Yield is to WATCH the changes and the Money Flow...

Perhaps one of our Class can post an update here once a hour to help US all learn what is occuring each hour or so as new facts come out !

As you can clearly SEE USD/JPY has hit Bid at 103.90 !

Why ?

Look at Oil now down $1.29 and the Dow Futures now down 35 instead of the previous 22

Look at the 2 Year US Bond Yield now at 2.33% instead of 2.34%

Translation ... MONEY is flowing into the Bonds and Into Oil and OUT of the US Dollar... Any Questions ?


Bruce
Hi Bruce,
Great first day.
Yes, If money flows into Oil doesn't this mean buying dollars since it's denominated in Dollars?
  • #692
  • Jul 16, 2008 10:44am Jul 16, 2008 10:44am
Quoting Warren Forex
Quote:
Originally Posted by Warren Forex http://www.forexfactory.com/images/buttons/viewpost.gif
July 16, 2008 5:11 AM

As promised here is the List Of Serious FX Traders willing to invest their time and effort to learn and improve their FX Trading.

If you want to be included and you do not see your name on the list please add your name.

(1) pipo77

(2) bapho

(3) Rialto

(4) toafdawg

(5) swiftpip

(6) racetrack

(7) AgentFx

(8) leo9

(9) txfx

(10) Tarquin

(11) zenseven

(12) naOki

(13) Yonipaliyo

(14) John D

(15) sonicdeejay

(16) piphunting

(17) steven leo

(18) tundope

(19) Trumpcard

(20) dan mir

Bruce is 21
Here is where you should email to arrange a FX Solutions Demo Account with $100,000 US Dollars Demo Funds so we can learn and trade together without any financial risk.

Justin Lawrence" [email protected]

Let Get Going and Improve Without Financial Risk as We head to our hoped for 10% a month Goal.

We want to be at $110,000 US Dollars or better by August 22, 2008.


Bruce
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  • #693
  • Jul 16, 2008 12:06pm Jul 16, 2008 12:06pm
Hi Warren add me to your list.
thx
Gordon12
  • #694
  • Edited 12:39pm Jul 16, 2008 12:15pm | Edited 12:39pm
Quoting toafdawg
Let me just make sure that I'm understanding what you said about bond yields rising. The way I understand it, is that if people are selling US Bonds, then the price is going down but the yield goes up. If people are selling bonds, then the dollar, all things equal, should get weaker. Is this a correct understanding Bruce?
Christian
When They Sell The 2 Year US Bonds the price of the US Bonds go Down and the Yield Goes up. However when The US Bonds are bought The US Bond Price Goes Up and The Yield Goes Down.

So if the Yield goes down it means money is flowing out of other assets into bonds. From here it gets involved as to where is the money going ?

Is it going out of the Country ? Is It Going into Oil ? Is It Going into Gold ? Is It Going into 10 Year US Bonds ?

The answers can be seen by those prices being UP or Down.

Bottom Line US Bonds Being Sold is Not Good as The Yields Go UP as does Interest Rates ! However if too much money is going into the short term safety of 2 Year Bonds it might make the US Dollar stronger short term but longer term it can move quickly elsewhere !

Money has no loyalty. It goes where it gets the best price and is safest.

The Dow is UP Big Time YET USD/JPY is not getting above 104.00 so far so a reverse in the Dow or an Increase in EUR/USD will take USD/JPY down towards 104.00

I am short now 7 positions of 100K at an average scale in price of 104.45

Please Open your Demo Accounts so We can put on FX trades together !!!

I am going out for a few hours now. Back around 3:30 PM

FED Minutes released at 2:00 PM
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  • #695
  • Jul 16, 2008 12:41pm Jul 16, 2008 12:41pm
Add me to your list!!!
  • #696
  • Jul 16, 2008 12:43pm Jul 16, 2008 12:43pm
Originally Posted by Warren Forex http://www.forexfactory.com/images/buttons/viewpost.gif
July 16, 2008 5:11 AM

As promised here is the List Of Serious FX Traders willing to invest their time and effort to learn and improve their FX Trading.

If you want to be included and you do not see your name on the list please add your name.

(1) pipo77

(2) bapho

(3) Rialto

(4) toafdawg

(5) swiftpip

(6) racetrack

(7) AgentFx

(8) leo9

(9) txfx

(10) Tarquin

(11) zenseven

(12) naOki

(13) Yonipaliyo

(14) John D

(15) sonicdeejay

(16) piphunting

(17) steven leo

(18) tundope

(19) Trumpcard

(20) dan mir

(21) gordon12


Bruce is 22

Here is where you should email to arrange a FX Solutions Demo Account with $100,000 US Dollars Demo Funds so we can learn and trade together without any financial risk.

Justin Lawrence" [email protected]

Let Get Going and Improve Without Financial Risk as We head to our hoped for 10% a month Goal.

We want to be at $110,000 US Dollars or better by August 22, 2008.


Bruce
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  • #697
  • Jul 16, 2008 12:53pm Jul 16, 2008 12:53pm
whats the support and resistance at your calculations Bruce ?
pip and run ....
  • #698
  • Jul 16, 2008 5:04pm Jul 16, 2008 5:04pm
Euro Outlook20:14 GMT July 16th EUR/USD opened New York around 1.5915 having already
tested 1.5950 and failing in a pre-dawn raid. The single currency just ran out
of steam today, a high US CPI print (1.1%) a surprise earnings result from Well
Fargo that drove its share price up; collapsing oil prices spurred by a large
across-produc- build in petroleum inventories; and hawkish FOMC minutes from
last month provided a steady drumbeat of reasons to sell EUR. Industrial
production and capacity utilization also surprised to the upside, only the NAHB
index at record lows disappointed. EUR/USD sank to 1.5801 and closed 1.5815.


Wells Fargo reported a Q2 profit of $1.75bn, even after a $3bn increase in
its loan loss reserve, estimates had been for 50 cts per share on earnings, and
they came in at 67 cents after loan loss provisions. The fact that there is
still a bank in America making money infused stocks with enthusiasm, and the
collapse in oil that closed at $134.19 helped the Dow to a +2.53% close.
Normally good for the Euro, the stock market rally nullified the "sell N.
America" trade dominating global markets; the FOMC minutes surprised all. PCW
/rs
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  • #699
  • Jul 16, 2008 5:11pm Jul 16, 2008 5:11pm
Quoting Warren Forex
Originally Posted by Warren Forex http://www.forexfactory.com/images/buttons/viewpost.gif
July 16, 2008 5:11 AM

As promised here is the List Of Serious FX Traders willing to invest their time and effort to learn and improve their FX Trading.

If you want to be included and you do not see your name on the list please add your name.

(1) pipo77

(2) bapho

(3) Rialto

(4) toafdawg

(5) swiftpip

(6) racetrack

(7) AgentFx

(8) leo9

(9) txfx

(10) Tarquin

(11) zenseven

(12) naOki

(13) Yonipaliyo

(14) John D

(15) sonicdeejay

(16) piphunting

(17) steven leo

(18) tundope

(19) Trumpcard

(20) dan mir

(21) gordon12


Bruce is 22

Here is where you should email to arrange a FX Solutions Demo Account with $100,000 US Dollars Demo Funds so we can learn and trade together without any financial risk.

Justin Lawrence" [email protected]

Let Get Going and Improve Without Financial Risk as We head to our hoped for 10% a month Goal.

We want to be at $110,000 US Dollars or better by August 22, 2008.


Bruce
Add me please!!
  • #700
  • Edited 5:23pm Jul 16, 2008 5:22pm | Edited 5:23pm
Please keep in mind that today at 1:00 PM the NAHB number was released.

The WORST ever was 18 ... This Month it was 16 !!!

The Dow was UP Over 250 Today ? Yes Why ?

Read This and you will understand !!!

http://www.financialsense.com/Market/wrapup.htm

Snippet:

Revisiting Ground Zero & the Spreading Tentacles of a RecessionBY CHRIS PUPLAVA

There is a choice to be made: Either we regulate the Banks, or leave it to the vagaries of the free markets to punish those who trade with, or place their assets in the wrong institutions. But for God's sake, do not give us the worst of both worlds -- do not allow banks the freedom to make horrific but preventable mistakes (i.e., only lending money to those who can pay it back), but then expect the taxpayers to foot the trillion dollar bill.
That's not capitalism, its not socialism, its not regulation, and its sure as hell isn't what free markets are. Our language is insufficient to describe this hodge-podge system, other than to call it a random patchwork of quasi-capitalism, quadrennial-socialism, and politics as usual. Ideological idiocy is the only phrase I can muster that has any resonance with the daily insanity…
Books will be written about this period of time, and our descendants will wonder in awe as to how this was allowed to happen. Tulips got nothing on us! It’s not just the total dollar value of the losses that have exceeded all other global fits of financial madness combined, but rather, how so many warning signs were so blithely ignored by so many and for so long. What was wrong with these people, the authors and historians will wonder. Did the antibiotics in the food supply drive them mad? Did the High Fructose Corn Syrup compromise their ability to think? Some form of viral plague? Road rage? What else could have created such a mass delusion amongst not just the populace, but their leadership and institutions?

Barry Ritholtz
Idiots Fiddle While Rome Burns, 07/16/2008

The situation described above came to a head with the topping of the greatest housing bubble ever in 2005 followed by a climatic top in the credit markets in the summer of 2007. As Mr. Ritholtz points out, what is truly amazing is how so many warning signs were so blithely ignored by so many for so long. Now millions are paying for a failure to grasp the second bubble to burst this decade as the housing downturn has wiped out trillions in wealth, not to mention a bear market in stocks to boot.
Financial institutional losses are mounting as mortgage portfolios are written down as home prices continue to decline and foreclosures continue to rise. Highlights from a Bloomberg article shown below illustrate the dire housing situation.

Foreclosures Rose 53% in June, Bank Seizures Tripled
U.S. foreclosure filings increased 53 percent in June from a year earlier and bank seizures rose the most on record as deteriorating property values and higher rates on adjustable mortgages forced more people to give up their homes…

Bank seizures rose 171 percent, the most since the Irvine, California-based company began tracking statistics on default notices, warnings of a scheduled auction and repossessions in January 2005.
"The foreclosure problem is getting worse and will stay with us well into the next decade," Mark Zandi, chief economist for Moody's Economy.com in West Chester, Pennsylvania, said in an interview…
Foreclosure activity is the highest since the Great Depression of the 1930s, said Rick Sharga, RealtyTrac's vice president of marketing…
"We'll have 1 million bank-owned properties by the end of the year," Sharga said in an interview. "That will represent between one-fourth and one-third of all home sales…"
About $3.5 trillion in homeowner equity has been wiped out since the spring of 2006, when housing prices were at their peak, Zandi said.

Adding fuel to the building recessionary fire first kindled by the bursting of residential real estate is non-residential real estate (say that ten times fast), the balancing force that helped limit the pain from residential real estate in 2007. For example, in 2007 real non-residential fixed investment grew by $97.9 billion while real residential fixed investment fell by $96.7 billion, more than offsetting the entire decline from the housing recession last year.


Bruce
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