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  • #75,621
  • Edited 11:26pm Mar 14, 2009 11:21pm | Edited 11:26pm
Quoting ak4x
Saw chicky posted a link to his profile, and here'a a couple of doozies.

Just don't read his stuff while drinking alone at night...

http://www.forexfactory.com/showpost...stcount=120448
http://www.forexfactory.com/showpost...stcount=126377
Maybe I put this on that "last words" thread : "Thanks ak, for posting links to Markam's posts"

Ps. Why maybe? I'll go and do it right now.
The Thief of Wall Street
  • #75,622
  • Mar 15, 2009 12:12am Mar 15, 2009 12:12am
Hey all, I found this somewhere and while it sounds a little dated it provides some food for thought...

Any truth to this?

The U. S. Geological Service issued a report in April ('08) that only
scientists and oil men knew was coming, but man was it big. It was a
revised report (hadn't been updated since '95) on how much oil was in this
area of the western 2/3 of North Dakota ; western South Dakota ; and extreme
eastern Montana .... check THIS out:

The Bakken is the largest domestic oil discovery since Alaska 's Prudhoe
Bay, and has the potential to eliminate all American dependence on foreign
oil.

The Energy Information Administration (EIA) estimates it at 503 billion
barrels. Even if just 10% of the oil is recoverable... at $107 a barrel,
we're looking at a resource base worth more than $5.3 trillion.

'When I first briefed legislators on this, you could practically see their
jaws hit the floor. They had no idea.' says Terry John son, the Montana
Legislature's financial analyst.

'This sizable find is now the highest-producing onshore oil field found in
the past 56 years' reports, The Pittsburgh Post Gazette. It's a formation
known as the Williston Basin , but is more commonly referred to as the
'Bakken.'
And it stretches from Northern Montana, through North Dakota and into
Canada.
For years, U. S. oil exploration has been considered a dead end. Even the
'Big Oil' companies gave up searching for major oil wells decades ago. How
ever, a recent technological breakthrough has opened up the Bakken's massive
reserves.... and we now have access of up to 500 billion barrels. And
because this is light, sweet oil, those billions of barrels will cost
Americans just
$16 PER BARREL!

That's enough crude to fully fuel the American economy for 41 years
straight.

2. And if THAT didn't throw you on the floor, then this next one should -
because it's from TWO YEARS AGO!

U. S. Oil Discovery- Largest Reserve in the World! Stansberry Report Online
-
4/20/2006

Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the
largest untapped oil reserve in the world is more than 2 TRILLION barrels.
On August 8, 2005 President Bush mandated its extraction.

They reported this stunning news: We have more oil inside our borders, than
all the other proven reserves on earth.

Here are the official estimates:

- 8-times as much oil as Saudi Arabia
- 18-times as much oil as Iraq
- 21-times as much oil as Kuwait
- 22-times as much oil as Iran
- 500-times as much oil as Yemen

- and it's all right here in the Western United States .

HOW can this BE? HOW can we NOT BE extracting this? Because the
environmentalists and others have blocked all efforts to help America become
independent of foreign oil!

James Bartis, lead researcher with the study says we've got more oil in this
very compact area than the entire Middle East -more than 2 TRILLION barrels
untapped. That's more than all the proven oil reserves of crude oil in the
world today, reports The Denver Post.


EDIT: This report is not necessarily true. Link -- http://www.snopes.com/politics/gasoline/bakken.asp
  • #75,623
  • Mar 15, 2009 12:32am Mar 15, 2009 12:32am
Quoting Byrd
Hey all, I found this somewhere and while it sounds a little dated it provides some food for thought...

Any truth to this?

The U. S. Geological Service issued a report in April ('08) that only
scientists and oil men knew was coming, but man was it big....
Just wondering what this has to do with trading EU in the next week

New voice message: Why are you calling me? If I need you, I'll call you!
  • #75,624
  • Mar 15, 2009 12:35am Mar 15, 2009 12:35am
Quoting KillerWhale
Just wondering what this has to do with trading EU in the next week

Does the price of oil not correlate with the EU? The past 5 pages have been about stops. It's the weekend, loosen up.
  • #75,625
  • Mar 15, 2009 12:59am Mar 15, 2009 12:59am
Quoting Byrd
Hey all, I found this somewhere and while it sounds a little dated it provides some food for thought...

Any truth to this?

The U. S. Geological Service issued a report in April ('08) that only
scientists and oil men knew was coming, but man was it big....
That information is hmmm...what's the word. I need something succinct that exactly describes what that information is...

Oh yeah!

That information is BULLSHIT!

Google Link

If there was would it be one tiny shrapnel of a sliver of truth to this, then Fox News should be all over it to tell the public that "everything is going to be alright!"
Not all sins are created equal
  • #75,626
  • Mar 15, 2009 1:05am Mar 15, 2009 1:05am
[quote=Byrd;2604035]Hey all, I found this somewhere and while it sounds a little dated it provides some food for thought...

Any truth to this?

Maybe you should give this a read...

http://www.theoildrum.com/node/3868
History out of Mystery!!!!!!
  • #75,627
  • Mar 15, 2009 1:08am Mar 15, 2009 1:08am
Quoting Byrd
Does the price of oil not correlate with the EU? The past 5 pages have been about stops. It's the weekend, loosen up.

Its very old dated so I don't think it will effect the price of EU tomorrow or in the next year.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #75,628
  • Mar 15, 2009 1:24am Mar 15, 2009 1:24am
Quoting Byrd
Does the price of oil not correlate with the EU? .
Not while the oil is still in the ground with no good way to get at it...

BTW, the 2 hyperlinks in your article send one to various sites and each time you click on the same link in the new site it sends you to yet another one..

That seems to me the only reason to circulate such baloney, not saying you knew that or was your intention... Thats' what They count on tho.

Jay knows more about how that works but I'm pretty sure someone just made a couple cents off me... Maybe you should reconsider that post???

Jay I'd be interested your feedback on that on your spamola thread if there's any merit to it. Seems like an increasing problem here at the factory lately.
FUBAR...
  • #75,629
  • Mar 15, 2009 1:26am Mar 15, 2009 1:26am
Quoting ak4x
Not while the oil is still in the ground with no good way to get at it...

BTW, the 2 hyperlinks in your article send one to various sites and each time you click on the same link in the new site it sends you to yet another one..

That seems to me the only reason to circulate such baloney, not saying you knew that or was your intention... Thats' what They count on tho.

Jay knows more about how that works but I'm pretty sure someone just made a couple cents off me... Maybe you should reconsider that post???

Jay I'd be interested your...
PM me
Not all sins are created equal
  • #75,630
  • Mar 15, 2009 1:39am Mar 15, 2009 1:39am
Quoting KillerWhale
Just wondering if other people have the same experience.

When I analyze in the weekend what I have done in the past week, I see the following:

I trade shorts and longs in different sub-accounts.

The account that I use for longs always makes more profit than the account were I trade shorts.
It doesn't matter if it is EU, GJ, UJ or Gold.
It also doesn't matter if we are in a down trend or up trend.

I've seen this happening over the last 26 weeks and I'm just wondering if there are more people with the same experience?

Please give me your...
Hi Shamu - Very interesting... I'm experiencing the same thing w/ my account (I trade solely EUR/USD.)
  • #75,631
  • Mar 15, 2009 1:43am Mar 15, 2009 1:43am
Quoting F.x.
Hi Shamu - Very interesting... I'm experiencing the same thing w/ my account (I trade solely EUR/USD.)
Fx and Shamu...

Your broker wouldn't happen to be Oanda?
  • #75,632
  • Mar 15, 2009 1:47am Mar 15, 2009 1:47am
Quoting dysan4x
Fx and Shamu...

Your broker wouldn't happen to be Oanda?
Mine is.
  • #75,633
  • Mar 15, 2009 1:53am Mar 15, 2009 1:53am
Quoting F.x.
Mine is.
So is mine.

I'm not saying there is any correlation to profits long or short, but I noticed a difference in the closing price. Of course when I spoke with them I got the "volatility" speech. They also told me there is a 2 second lag between client and server. If I close the price at say 1.2900 on my client price might be 1.2910 or 1.2890 by the time they process it. Just something to think about.

Edit: I see it more on shorts than longs.
  • #75,634
  • Mar 15, 2009 1:59am Mar 15, 2009 1:59am
10 pips for a 2 second difference is a hell of a lot.

I trade on Oanda as well, but have never noticed this.

Maybe I should start taking more notice of it.





Quoting dysan4x
So is mine.

I'm not saying there is any correlation to profits long or short, but I noticed a difference in the closing price. Of course when I spoke with them I got the "volatility" speech. They also told me there is a 2 second lag between client and server. If I close the price at say 1.2900 on my client price might be 1.2910 or 1.2890 by the time they process it. Just something to think about.

Edit: I see it more on shorts than longs.
  • #75,635
  • Mar 15, 2009 2:01am Mar 15, 2009 2:01am
Quoting Katalyst
10 pips for a 2 second difference is a hell of a lot.

I trade on Oanda as well, but have never noticed this.

Maybe I should start taking more notice of it.
I'm not saying it is exactly 10 pips. Could be 2 this time, 6 the next, and 1 the next, but it is almost always different AND more noticable on shorts.
  • #75,636
  • Mar 15, 2009 2:14am Mar 15, 2009 2:14am
Quoting dysan4x
So is mine.

I'm not saying there is any correlation to profits long or short, but I noticed a difference in the closing price. Of course when I spoke with them I got the "volatility" speech. They also told me there is a 2 second lag between client and server. If I close the price at say 1.2900 on my client price might be 1.2910 or 1.2890 by the time they process it. Just something to think about.

Edit: I see it more on shorts than longs.
That's interesting about the 2 second lag. I've actually been playing the lag with my scalps, but I wouldn't have put it at a full 2 seconds. Good to know.
  • #75,637
  • Mar 15, 2009 2:15am Mar 15, 2009 2:15am
Quoting F.x.
That's interesting about the 2 second lag. I've actually been playing the lag with my scalps, but I wouldn't have put it at a full 2 seconds. Good to know.
No wonder I feel like I'm f@#king Nostradamus sometimes.
Not all sins are created equal
  • #75,638
  • Mar 15, 2009 3:54am Mar 15, 2009 3:54am
Quoting F.x.
Hi Shamu - Very interesting... I'm experiencing the same thing w/ my account (I trade solely EUR/USD.)
Fx and Shamu...

Your broker wouldn't happen to be Oanda? __________________


Yes my broker is Oanda but I really don't think it has anything to do with that.
I think it is a psychological thing that has to do with the fact that in a short trade there is always an "end point" which is zero, in a long trade there is no "end point", it can go as high as whatever possible.

Does this make sense?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #75,639
  • Mar 15, 2009 4:09am Mar 15, 2009 4:09am
Also consider that a short or drop in price usually occurs at twice the speed of a long. we all expect the price to climb over time and the long trade builds gradually at a nice comfortable slope. Any profit taking that is executed manually normally has time to be considered. If the opposite is applied to a short ,it is usually falling out of the sky at a much faster rate and any drop looks like it probably won't go any further so profit taking happens at an earlier stage in the cycle of waves, ma testing ,(whatever you follow) than with a long. Alternatively if the trades are automatic and executed at preset levels then the slippage factor can affect actual prices if the short is moving faster than a long would be. This will be down to the honesty of the broker i guess.
Good idea for the seperation of short and long. Perhaps the answer is to only trade longs with higher lot sizes. Perhaps you have a predisposed preference to long trading. I know I prefer it. The chart formations s/r etc just seem to make more sense. Probably because every scenario we're shown whilst learning this is based on a long. They always just throw in " and vice versa for short" but we have only seen the pictures for longs. Just a thought.
Andy
  • #75,640
  • Edited 4:41am Mar 15, 2009 4:20am | Edited 4:41am
Quoting KillerWhale
Fx and Shamu...

Your broker wouldn't happen to be Oanda? __________________


Yes my broker is Oanda but I really don't think it has anything to do with that.
I think it is a psychological thing that has to do with the fact that in a short trade there is always an "end point" which is zero, in a long trade there is no "end point", it can go as high as whatever possible.

Does this make sense?

Perfect sense. But why leave it as a psychological thing going on in the back of our minds?

The fact that price could go to zero is extremely profound. Especially in this forex world of unknowns and "anything can happen." It's really the only thing we can count on as an absolute. So why not use this one absolute as a conscious aspect of our overall MM/RM (risk management) planning.
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