have government pay banks to refinance upside down mortgages, a systems that will most certainly be gamed by housing speculators...Give me those USD. That USD I can not get enough! ACK!
- #44,705
- Nov 11, 2008 4:35pm Nov 11, 2008 4:35pm
- Joined Oct 2008 | Status: sideline is a position | 105,125 Posts
those who can, do. those who cant, talk about those who can
- #44,706
- Nov 11, 2008 4:48pm Nov 11, 2008 4:48pm
- | Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts
I've had a crap week. On the way down which I profited from...I went long at 2615 thinking it would bounce off the fibs back up. Boy was I wrong.
In the interests of capital preservation I finally caved in and terminated the trade.
Oh boy that was ugly. I'm going to have to re-think my counter trend trading strategy and maybe just cut that option out. This is BS losing 100pips just because of one bad trade.
Stupid thing was I didn't look at crude oil at the tiime I went long. IF I had bothered to look and saw that it was under $60 then I wouldn't have gone long.
I was also trialing a new longer term system that basically fell off a cliff. I was doing so well last week because the volatility was much higher. But this week it was moving at a snails pace most of the time and then BOOOM it falls like a brick falling 200pips in no time. That PA just sux for me at the moment.
Back to the drawing board for me
edit: if this price goes waaay up to 2615 today I'm going to be so pissed, lol
In the interests of capital preservation I finally caved in and terminated the trade.
Oh boy that was ugly. I'm going to have to re-think my counter trend trading strategy and maybe just cut that option out. This is BS losing 100pips just because of one bad trade.
Stupid thing was I didn't look at crude oil at the tiime I went long. IF I had bothered to look and saw that it was under $60 then I wouldn't have gone long.
I was also trialing a new longer term system that basically fell off a cliff. I was doing so well last week because the volatility was much higher. But this week it was moving at a snails pace most of the time and then BOOOM it falls like a brick falling 200pips in no time. That PA just sux for me at the moment.
Back to the drawing board for me
edit: if this price goes waaay up to 2615 today I'm going to be so pissed, lol
- #44,707
- Nov 11, 2008 4:50pm Nov 11, 2008 4:50pm
- Joined Oct 2008 | Status: sideline is a position | 105,125 Posts
those who can, do. those who cant, talk about those who can
- #44,708
- Nov 11, 2008 4:54pm Nov 11, 2008 4:54pm
- Joined Oct 2008 | Status: sideline is a position | 105,125 Posts
those who can, do. those who cant, talk about those who can
- #44,709
- Nov 11, 2008 5:00pm Nov 11, 2008 5:00pm
- Joined Oct 2008 | Status: sideline is a position | 105,125 Posts
those who can, do. those who cant, talk about those who can
- #44,710
- Nov 11, 2008 5:03pm Nov 11, 2008 5:03pm
- | Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts
- #44,711
- Nov 11, 2008 5:04pm Nov 11, 2008 5:04pm
- | Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts
i posted the oil below 60 bucks one right above your post 16 hours ago.
- #44,712
- Nov 11, 2008 5:07pm Nov 11, 2008 5:07pm
- Joined Oct 2008 | Status: sideline is a position | 105,125 Posts
those who can, do. those who cant, talk about those who can
- #44,713
- Nov 11, 2008 5:12pm Nov 11, 2008 5:12pm
- Joined Oct 2008 | Status: sideline is a position | 105,125 Posts
Yeah I think I must have accidently missed your post. I wish I had read it. You were spot on correct on what would happen though.
those who can, do. those who cant, talk about those who can
- #44,714
- Nov 11, 2008 5:23pm Nov 11, 2008 5:23pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
Don't be paranoid, man. I am all about conspiracy theory, and have talked about a chinese or russian invasion of Alaska for years, but this is not the time. They will want to collect all the money we owe them first.
Joseph Heller
Let me see...
On the left... Depreciating $USD
On the right... Accessible Oil & Natural gas reserves, Precious and industrial Minerals, Gold and Diamonds, Fish,Timber, Strategic control of the air at the top of the world.. Strategic control of the only recently navigable surface waters at the top of the world... an so on ad nauseum...
... 
This was then...
"In his last public appearance in 1935, he (General Billy Mitchell, father of the modern day US Air Force) pleaded with the House Committee on Military Affairs to recognize Alaska's strategic importance. He said "I believe that, in the future, whoever holds Alaska will hold the world... I think it is the most important strategic place in the world."
http://www.gi.alaska.edu/ScienceForum/ASF7/751.html
This is now...
"More than ever before, the Air Force is paying close attention to its force structure in Alaska. Indeed, a major rush of events in the High North has propelled the 49th state up to the top ranks of service thinking.
A resurgent Russia has ramped up its long-range bomber flights nearby. A changing Arctic climate has uncorked a flurry of activity in the region as once inaccessible resources now seem ready for exploitation."
http://www.airforce-magazine.com/Mag...108alaska.aspx
Not really willing to debate this but as far as the "the time" is concerned... anytime a potential aggressor perceives you to be weak, that is prime time...
As part of a Union of States where the average citizen still thinks we're a foreign country "up there somewhere" (try getting something shipped to Alaska or Hawaii that you bought on eBay) we'll continue to keep our own watch as we always have...
FUBAR...
- #44,716
- Nov 11, 2008 5:24pm Nov 11, 2008 5:24pm
- | Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts
- #44,718
- Nov 11, 2008 5:28pm Nov 11, 2008 5:28pm
"Just because you're paranoid doesn't mean they aren't after you."
Joseph Heller
Let me see...
On the left... Depreciating $USD
On the right... Accessible Oil & Natural gas reserves, Precious and industrial Minerals, Gold and Diamonds, Fish,Timber, Strategic control of the air at the top of the world.. Strategic control of the only recently navigable surface waters at the top of the world... an so on ad nauseum...
This was then...
[i]"In his last public appearance in 1935, he (General Billy Mitchell, father of the modern day US Air Force) pleaded with the House Committee on Military Affairs to recognize Alaska's strategic importance....
- #44,719
- Nov 11, 2008 5:29pm Nov 11, 2008 5:29pm
- | Joined Jul 2008 | Status: Happiness can only come from within | 1,080 Posts
- #44,720
- Nov 11, 2008 5:42pm Nov 11, 2008 5:42pm
- Joined Oct 2008 | Status: sideline is a position | 105,125 Posts
"Just because you're paranoid doesn't mean they aren't after you."
Joseph Heller
Let me see...
On the left... Depreciating $USD
On the right... Accessible Oil & Natural gas reserves, Precious and industrial Minerals, Gold and Diamonds, Fish,Timber, Strategic control of the air at the top of the world.. Strategic control of the only recently navigable surface waters at the top of the world... an so on ad nauseum...
This was then...
[i]"In his last public appearance in 1935, he (General Billy Mitchell, father of the modern day US Air Force) pleaded with the House Committee on Military Affairs to recognize Alaska's strategic importance....
those who can, do. those who cant, talk about those who can