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  • #1,801
  • Aug 2, 2010 5:27pm Aug 2, 2010 5:27pm
Quoting pokasaha
Sorry to say that, but driftwood and ALF_fx are correct here. Your performance statistics on your web page are not real. Could you tell what trade management you have used while calculating those statistics? For example, do you close half of the position at first TP? If you don't then why do you give TP1 and TP2 ?

Clearly, your statistics are based on the assumption that at the moment when TP1 is hit you would know whether TP2 will be also hit. But in realtime trading you cannot know that!!! But, of course, you know that when you update your...
Hi,

Thanks for your reply but i don't think you really know how my calls going, better read my thread then start reply.
I give the targets you can hold or close on each one of them, and my result came from those targets.
  • #1,802
  • Aug 2, 2010 5:40pm Aug 2, 2010 5:40pm
The economy is improving but has yet to recover fully, with high unemployment and a weak housing market leaving consumers unsettled, Federal Reserve Chairman Ben Bernanke said on Monday.

This means monetary policy must remain accommodative until the economic recovery is on a sustainable path and job creation picks up, Bernanke said, though he offered no fresh clues about the Fed's likely next move.

"We need to make sure that monetary policy continues to provide the support the economy needs until we begin to see growth, sustained growth and particularly growth in jobs," he said in response to questions of state legislators.

The U.S. recovery lost a step in the second quarter, with growth slowing to a 2.4 percent annual rate from 3.7 percent in the first three months of the year, a pace too sluggish to do much to pull down unemployment.

Data on Monday showed the manufacturing sector's expansion moderating to its slowest pace since December, and a report on Friday is expected to show a second month of net job losses.

The economy is expected to top the agenda in mid-term congressional elections in November, with Democrats facing the prospect of losing their majority party status.

Bernanke told Congress last month that the Fed was not powerless to fight a new slowdown in the economy, and could take steps such as lowering the interest it pays on bank reserves or buying more assets if things get worse.

But he stayed away from such detail in his speech on Monday, arguing simply that budget constraints at the local level were also hindering the national rebound.

"We have a considerable way to go to achieve full recovery in our economy, and many Americans are still grappling with unemployment, foreclosure and lost savings," Bernanke said.

Bernanke said consumer spending, which eased in the April-June period, should pick up in coming quarters as income rises and credit conditions improve. He said that should help sustain the recovery, even as a lift from fiscal stimulus and a restocking of inventories by businesses fades.

The Fed believes inflation will remain subdued over the next couple of years, he added, citing stability in measures of inflation expectations.

U.S. consumer prices, excluding volatile food and energy costs, rose just 0.9 percent in the 12 months through June, and some Fed officials worry a prolonged period of elevated joblessness could lead the economy into a crippling deflation.

The economy has grown for four straight quarters, but the unemployment rate has remained stubbornly high. It stood at a lofty 9.5 percent in June.

In response to the worst financial crisis in a generation, the Fed slashed interest rates close to zero and engaged in a host of unprecedented emergency actions to help credit markets, including massive purchases of government and mortgage bonds.

Some policymakers at the central bank argue that they have done enough to support the economy, but others appear open to fresh steps given signs the recovery is losing momentum.

Fed officials will debate the course of monetary policy in a meeting on August 10, but few analysts expect any immediate shifts in policy.

With regards to banks, Bernanke said loan loss rates appeared to have peaked, but many bank balance sheets remained riddled with troubled loans. This has kept lending conditions tight, presenting another hurdle to more robust recovery.

Fears about sovereign debt burdens in Europe also have contributed to financial market strains, although the public disclosure of bank stress tests appeared to have quelled anxiety, Bernanke said. Still, he indicated markets had not yet fully healed.

"Financial conditions, though much improved since the depth of the financial crisis, have become somewhat less supportive of economic growth in recent months," he said, reiterating a sentiment expressed in the central bank's last policy statement in late June.
  • #1,803
  • Aug 2, 2010 6:48pm Aug 2, 2010 6:48pm
Quoting FXAdvice
The economy is improving but has yet to recover fully, with high unemployment and a weak housing market leaving consumers unsettled, Federal Reserve Chairman Ben Bernanke said on Monday.

This means monetary policy must remain accommodative until the economic recovery is on a sustainable path and job creation picks up, Bernanke said, though he offered no fresh clues about the Fed's likely next move.

"We need to make sure that monetary policy continues to provide the support the economy needs until we begin to see growth, sustained growth and...
Hi Nick,

thanks mate, it gives me more clearer direction for my trade... always trading US dollars

more power to you my friend.

regards
Success consists of going from failure to failure without loss of enthusiam
  • #1,804
  • Aug 3, 2010 2:16am Aug 3, 2010 2:16am
Quoting dongsky
Hi Nick,

thanks mate, it gives me more clearer direction for my trade... always trading US dollars

more power to you my friend.

regards
Hi bro,

Yes but NFP is the most important news for this week and next dollar moves depend on it.

Cheers
Nick
  • #1,805
  • Aug 3, 2010 2:20am Aug 3, 2010 2:20am
Quoting FXAdvice
The economy is improving but has yet to recover fully, with high unemployment and a weak housing market leaving consumers unsettled, Federal Reserve Chairman Ben Bernanke said on Monday.

This means monetary policy must remain accommodative until the economic recovery is on a sustainable path and job creation picks up, Bernanke said, though he offered no fresh clues about the Fed's likely next move.

"We need to make sure that monetary policy continues to provide the support the economy needs until we begin to see growth, sustained growth and...
Hi Nick, Thanks for the details information on Bernanke's Statement. it give us guild on the direction of US Dollars
  • #1,806
  • Aug 3, 2010 4:29am Aug 3, 2010 4:29am
Suggestion: it’d be nice if the email/sms gave some notice. Every signal I’ve received so far was when the price was already in the zone, and I’ve missed a couple simply because I couldn’t make it in front of the screen in time. You must have some idea what the signals are going to be before hand so why not give people notice?

As great as your signals are I can't stay put 24/7 and put in an order the second your signal arrives when I have no prior knowledge of it.
  • #1,807
  • Aug 3, 2010 6:03am Aug 3, 2010 6:03am
Quoting Robinson
Suggestion: it’d be nice if the email/sms gave some notice. Every signal I’ve received so far was when the price was already in the zone, and I’ve missed a couple simply because I couldn’t make it in front of the screen in time. You must have some idea what the signals are going to be before hand so why not give people notice?

As great as your signals are I can't stay put 24/7 and put in an order the second your signal arrives when I have no prior knowledge of it.
Hi,

but before that members told that better to send signal when i open position
  • #1,808
  • Aug 3, 2010 6:32am Aug 3, 2010 6:32am
Quoting FXAdvice
Hi,

but before that members told that better to send signal when i open position

Heh. Well, I can certainly appreciate the impossibility of pleasing everyone

I think even a quick heads up via email before the actual signal would be a big help. Maybe others could chime in, and if enough people agree then take it under consideration.
  • #1,809
  • Aug 3, 2010 10:00am Aug 3, 2010 10:00am
Quoting Robinson
Suggestion: it’d be nice if the email/sms gave some notice. Every signal I’ve received so far was when the price was already in the zone, and I’ve missed a couple simply because I couldn’t make it in front of the screen in time. You must have some idea what the signals are going to be before hand so why not give people notice?

As great as your signals are I can't stay put 24/7 and put in an order the second your signal arrives when I have no prior knowledge of it.
Probably you can try to use Blackberry, since you can get your email straight away and also can put trade in from Blackberry as well (the MT4 for Blackberry is going to be available in a week or two).
  • #1,810
  • Aug 3, 2010 10:12am Aug 3, 2010 10:12am
Quoting Robinson
Heh. Well, I can certainly appreciate the impossibility of pleasing everyone

I think even a quick heads up via email before the actual signal would be a big help. Maybe others could chime in, and if enough people agree then take it under consideration.
that's the same as a signal...y not just subscribe to the thread by instant email notification if you don't take your OWN trades?
  • #1,811
  • Aug 3, 2010 11:00am Aug 3, 2010 11:00am
Quoting uraceulose
that's the same as a signal...y not just subscribe to the thread by instant email notification if you don't take your OWN trades?
I'm not following your logic; it's not the same as the actual signal.

See, actual signal goes like this: I get an SMS/email telling to get in at 1.000-1.010 and at this point the market is often trading at the said level, meaning I'll have to get in instantly, the very second I receive this signal. I'm sure everyone can appreciate the impossible logistics of the situation.

"Heads up" goes like this: I receive an email informing me that there's a possible short setup at 1.000-1.010 and then 30 min (or whatever) later the actual signal comes, and this time I have the foresight to be in front of the screen, ready.

-----

Anyway, it seems that I'm the only one having this problem, so nevermind. Carry on.
  • #1,812
  • Aug 3, 2010 12:27pm Aug 3, 2010 12:27pm
Quoting Robinson
I'm not following your logic; it's not the same as the actual signal.

See, actual signal goes like this: I get an SMS/email telling to get in at 1.000-1.010 and at this point the market is often trading at the said level, meaning I'll have to get in instantly, the very second I receive this signal. I'm sure everyone can appreciate the impossible logistics of the situation.

"Heads up" goes like this: I receive an email informing me that there's a possible short setup at 1.000-1.010 and then 30 min (or whatever) later the actual signal comes,...
Hi Robinson,

On most of my calls you will have enough time to catch them (around 1-2 hours). If you have any question add my skype ID for further contact.

Cheers,
Nick
  • #1,813
  • Aug 4, 2010 4:41am Aug 4, 2010 4:41am
Hi,

The European Central Bank received no bids for its latest offering of U.S. dollar liquidity on Wednesday.

The ECB restarted the dollar operations in May after money market problems flared up in the wake of the euro-zone's sovereign debt troubles, however they have attracted no bids over the last few weeks.
  • #1,814
  • Aug 4, 2010 6:05am Aug 4, 2010 6:05am
possible direction for cable...

Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 16 KB
  • #1,815
  • Aug 4, 2010 9:41am Aug 4, 2010 9:41am
Quoting FXAdvice
possible direction for cable...

Attachment
Thank u for sharing!
  • #1,816
  • Aug 4, 2010 9:42am Aug 4, 2010 9:42am
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 16 KB
  • #1,817
  • Aug 5, 2010 3:08am Aug 5, 2010 3:08am
Another great call Nick, GBPCHF had been closed with +50pips
  • #1,818
  • Aug 5, 2010 5:23am Aug 5, 2010 5:23am
Quoting Robinson
I'm not following your logic; it's not the same as the actual signal.

See, actual signal goes like this: I get an SMS/email telling to get in at 1.000-1.010 and at this point the market is often trading at the said level, meaning I'll have to get in instantly, the very second I receive this signal. I'm sure everyone can appreciate the impossible logistics of the situation.

"Heads up" goes like this: I receive an email informing me that there's a possible short setup at 1.000-1.010 and then 30 min (or whatever) later the actual signal comes,...
You could look to trade the next 5 min lh/hl.
  • #1,819
  • Aug 5, 2010 7:42am Aug 5, 2010 7:42am
WoooW!!! Unoffical calls = GREAT !!! Im +50 pips heavier !!! Thx NICK...
  • #1,820
  • Aug 5, 2010 11:07am Aug 5, 2010 11:07am
New claims for unemployment benefits unexpectedly rose last week to the highest level since early April, highlighting a weak labor market and the fragile economic recovery.

Weekly claims data are often volatile and the figures released on Thursday by the Labor Department have little bearing on the government's closely watched monthly employment report, due on Friday, as they fall outside the survey period.

Still, they are indicative of a labor market that is struggling to gain momentum, putting a strain on the broader economy's recovery from its longest and deepest downturn since the Great Depression.

"While these numbers are volatile, we haven't really made progress in the labor market and that's kind of troubling when you think about the broader economic recovery," said Andrew Gledhill, an economist at Moody's Economy.com in West Chester, Pennsylvania.

"For the recovery to turn into a self-sustaining expansion, we need people to have wage income coming in and until that happens, we are still in a tenuous position."

Initial claims for state unemployment benefits rose 19,000 to a seasonally adjusted 479,000, the Labor Department said on Thursday. That compared to market expectations for a drop to 455,000.

Stocks on Wall Street opened lower on the report, while prices for safe-haven U.S. government bonds rose. The U.S. dollar fell against the Japanese yen and the euro, which was bolstered by solid industrial data from Germany.

The government is expected to report on Friday that nonfarm payrolls probably fell 65,000 last month after declining 125,000 in June as temporary workers hired to conduct the decennial census were let go.

Private-sector payrolls are seen rising a modest 90,000 and the unemployment rate is expected to climb to 9.6 percent from 9.5 percent in June.

CAMPAIGN ISSUE

This will be unwelcome news for President Barack Obama, whose popularity has tumbled amid growing unhappiness over the health of the economy, which is the top campaign issue for the November mid-term elections.

The sluggish pace of economic growth threatens to keep unemployment high for months, posing trouble for Democrats hoping to retain their congressional majorities.

Growth slowed to a 2.4 percent annual rate in the second quarter after expanding at a 3.7 percent pace in the first three months of this year.

After falling rapidly in 2009, jobless claims have stalled this year and are anchored above the 400,000 to 450,000 range that analysts say is normally associated with sustainable jobs growth.

Last week, the four-week average of new jobless claims, considered a better measure of underlying labor market trends as it irons out week-to-week volatility, rose 5,250 to 458,500.

"This report is indicative of weakness in labor market conditions as claims continue to trend sideways," said Michael Gapen, an economist at Barclays Capital in New York.

In other data on Thursday, U.S. retailers posted July sales below analysts' expectations in the latest sign that skittishness about high unemployment and the economy are causing consumers to cut spending.

Some retailers that did manage to eke out gains, including several department stores, did so by taking customers from rivals, rather than from an increase in overall spending.

The 28 retailers tracked by Thomson Reuters reported a 2.9 percent rise in July sales at stores open at least one year, missing Wall Street forecasts of 3.1 percent rise. Of those, 17 reported lower-than-expected sales, while nine beat estimates.

In the week ended July 24, a total of 4.54 million people were still receiving benefits after an initial week of aid, down 34,000 from the prior week. Analysts polled by Reuters had forecast so-called continuing claims slipping to 4.54 million.

The number of people on emergency benefits increased 60,993 to 3.31 million in the week ended July 17. Congress last month restored aid to about 2.5 million unemployed Americans whose benefits had lapsed in May.
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