ETMA_The Evolution

This caught my Eye.

10 ways Wall Street played you for a chump.
On Wall Street, business as usual thrives on investor ignorance. It is not in its interest to have more astute clients.
Here are 10 ways to see if you’ve been suckered into becoming a Wall Street chump.

1. You’re a chump if you believe that there is an investment that yields high returns with little or no risk. The astonishing amount of money lost in financial scams is often the result of suckers believing promises of unrealistically high performance in investments that they don’t understand.
2. You’re a chump if you’ve been fooled into believing that your financial success depends upon finding a smart money manager or guru who knows what lies ahead in the capital markets. Don’t be suckered into mistaking predictions for insight. Wall Street’s fortunetellers have exchanged their crystal balls for charts and graphs and call themselves economic analysts. It’s easy for them to proclaim certainty in an uncertain world when they have no skin in the game. The future is unpredictable. Anyone who makes predictions is a fool and anyone who listens to them is a sucker.
3. You’re a chump if you don’t understand that Wall Street gets rich at your expense. In 1940, Fred Schwed wrote the book “Where are the Customer’s Yachts?” This investment classic captures the essence of how Wall Street transfers dollars from customers’ pockets to their own. It should be required reading for all investors.
4. You’re a chump if you’re searching for mutual fund managers who consistently outperform their peers. S&P has just released its semiannual Persistence Scorecard which tracked the subsequent performance of top-half mutual funds over the three and five year periods ending March 31. The number of funds that maintained top half performance over three and five consecutive 12-month periods is below what we would expect from random chance alone. The obligatory disclaimer “past performance is no guarantee of future results” appears in every mutual fund advertisement, just below the chart that boasts about the fund’s past performance. Past performance can be used to compare the relative risk between two different investments but don’t be suckered into believing that you can buy yesterday’s performance.
5. You’re a chump if you think that “I want the highest rate of return possible” is a legitimate financial goal. “I want to retire at 65 at my current standard of living, inflation adjusted for a 25 year retirement” is a legitimate goal because it has a calculable dollar value and a target date.
6. Only a sucker believes that active managers add value over the long term. According to S&P, 75% of large-cap domestic stock mutual funds, 90% of midcap funds and 83% of small-cap funds under performed their benchmark S&P index for the five years ending Dec. 31, 2012. Rather than adding value, most managers subtracted value. By owning a portfolio of tax efficient, low turnover, low cost index funds you’ll receive 99.8% of the returns of the stock and bond markets and remove the fruitless task of manager chasing from your to-do list.
7. You’re a chump if you believe that you can be a successful stock picker. It is virtually impossible for any investor to identify undervalued stocks, no matter what the E-Trade baby says. Owning individual stocks adds unnecessary individual company risk to a portfolio. You’re a sucker if you believe that your financial adviser can do what most professional money managers cannot do — find stocks that will outperform the market.
8. You’re a chump if you use the words investment and short-term gain in the same sentence. Wall Street’s mouthpieces offer endless stock recommendations and short-term market outlooks. Having a comprehensive and comprehensible investment strategy, one that is based on academic research and focused on the long-term is more important than anyone’s investment outlook.
9. You’re a chump if you accept specific, personal financial advice from someone who doesn’t know your financial goals, risk tolerance, insurance needs, employee benefits or tax bracket. An impersonal relationship with an adviser who creates a portfolio containing a hodgepodge of mutual funds and investment products isn’t financial planning –- it is retailing.
10. Wall Street is about to give you a new opportunity to become a chump. The same week that Bloomberg Businessweek had a cover story exposing hedge funds as one of the most over promising and under delivering investments of recent times, the SEC eliminated its long-standing ban on hedge fund advertising. Soon, you’ll be offered the opportunity to lose money hand over fist just like the superrich. Forewarned is forearmed.

There will always be enough suckers and chumps to keep Wall Street rolling in dough. Make sure that you’re not among them.

Be it resolved — chumps no more from this day forward.

Thanks Bro..! Thanks a lot..!

What i'm reading today after that i done my chores as per my Trading business plan : live open Positions maintenance, processed my emails, read the Most important Investing, financial, economic news and reports for today, posting to this Thread and reading other trading related articles and stuff.

Why The Australian Dollar Is Getting Smashed Today
GOLDMAN SACHS MANAGING DIRECTOR: Here's How To Turn Your Summer Investing Internship Into A Job
Japan Publishes Two Ugly Economic Reports
FED STUDY: We Conservatively Estimate That The Financial Crisis Cost Us Up To $14 Trillion
Banks Are Designing Branches To Look Like Apple Stores
21 Charts That Show The Economy Has Dramatically Improved, And That There's A Lot More Happening Than Just The Fed
ANALYST: Bernanke Is Definitely Going To Taper Soon, And It Has 'Nothing' To Do With The Economy

I think that's enough for today.

Best,
bassramy

If you are like me and love Economic research than this site is for u.

ECONOMIC RESEARCH - FEDERAL RESERVE BANK OF ST. LOUIS

Use Fred to see all kind of Data and generate all kind of charts.

Save Yourself Some Time — This Is What's In Everyone's 2nd Half Market Outlook

I've heard enough. I can help you. I've now attended or listened to more than a dozen "second half outlook" presentations from both the sell-side and several asset management shops.

Here's the consensus - and it is a rock-solid consensus - in a nutshell:

* Overweight US stocks and / or US-focused stocks (companies with high domestic revenues, profits). Tailwinds: Shale Gas Revolution, continuing strength in housing, rebounding consumer sentiment.

* Underweight international equities / EM equities. Headwinds: stronger dollar, China slowing growth.

* Underweight international bonds, REITs, EM debt. Headwinds: less accommodation from US central bank, rates on lower-risk yield plays (like Treasurys) rising.

* Sectors: Overweight Tech, Financials Industrials. Underweight Utilities, Consumer Staples, Basic Materials.

* High oil prices are transitory, "geopolitically driven", "the wild card", a possible "headwind for the consumer".

* September Taper expected, $15 billion taken off current $85 billion monthly asset purchases. Fed reiterates no change in interest rates anytime soon, as a "peace offering" to keep the bond market calm. Stocks falter at first, then rally into year end.

* Larry Summers would be bad for the bond market. Janet Yellen would would be bullish for stock prices.

There you go, just saved you hours and hours and hours of time.

Go read a book under a tree.

Best,

B.R.

Had to post this.

The Complete Story Of America's Boom, Collapse, And Amazing Comeback In One Animated GIF.

http://static2.businessinsider.com/%...b3f7531500000b

GU and EU are collapsing 10 minutes before the US CB Consumer Confidence, WHY ?, does anybody have another explanation other than inside trading like the One reported by Business Insider on Reuters.
Expect the Number to break expectations.

Hi Bass.


Hidden bearish divergence. Strong short signal on shorter time frames. For now, we are within the bullish channel.
Fairly easy 15-50 pips for intraday trader.

EDIT: look also at candle formation. Inside bar pattern.

All in all, nothing to with ETMA, but this is PA.


BR

http://charts.mql5.com/2/153/eurusd-...orex-group.png

good short term scalp T. keep them coming.

There is a Fed rate announcement at 2:15pm ET on Wednesday 31 July 2013.

It's likely to be a volatile market after the announcement so be careful and trade safely.

Best,
B.R.

good morning bass, any strong advice on AU with regards to the Fed rate news coming up? still holding my long and i think i need some help now.
thanks
J.

U shouldn't be long @ this time, the Aussie made a move higher but fail to follow through and break resistance, the Kiwi did break higher and after this retracement lower i'm thinking of buying dips, AU stop should be @ 0.9975 if that triggered you should placing a sell stop order 10 pips under, in case of a continuation of the trend, they are both in a long term bearish trend following bad news from China which both depend on, RBA's Stevens Ruminates on Further Cuts in the meantime and that's what bringing all the Aussie weakness.

Take a look @ this chart.

Like i said before. very volatile week, beginning with FOMC Yesterday, ECB and BOE Rate Decisions and US Unemployment Claims and ISM Manufacturing PMI today, following the NFP and the Unemployment Rate Tomorrow, all of these are @ the beginning of the vacations Month which is notorious for low liquidity and thus more volatility, because everybody are going phishing or doing something else.

Be Careful out there.

Best,
B.R.

That is only to inform you that i closed my GU Longs for a good profits after spotting and according to my rules a trend reversal on that pair, I'm Still hanging on to my EU Longs and UCHF and UCAD shorts along with several other Long term Trend following positions like the AU, NU and others, that is only in my FX Portfolio .

Hello bassramy
I just read old ETMA topic and found your screen with green/red area indicator. Looks like ichimoku. Can you tell me what is it?

This is the super trend indicator.

The 21 "Eat that Frog" principles.

1) Set the table. Decide exactly what you want. Clarity is essential. Write out your goals and objectives before you begin.

2) Plan every day in advance. Think on paper. Every minute you spend in planning can save you five or ten minutes in execution.

3) Apply the 80/20 Rule to everything. Twenty percent of your activities will account for eighty percent of your results. Always concentrate your efforts on that top twenty percent.

4) Consider the consequences. Your most important tasks and priorities are those that can have the most serious consequences, positive or negative, on your life or work. Focus on these above all else.

5) Practice the ABCDE Method continually. Before you begin work on a list of tasks, take a few moments to organize them by value and priority so you can be sure of working on your most important activities.

6) Focus on key result areas. Identify and determine those results that you absolutely, positively have to get to do your job well, and work on them all day long.

7) The Law of Forced Efficiency. There is never enough time to do everything but there is always enough time to do the most important things. What are they?

8) Prepare thoroughly before you begin. Proper prior preparation prevents [piss] poor performance.

9) Do your homework. The more knowledgeable and skilled you become at your key tasks, the faster you start them and the sooner you get them done.

10) Leverage your special talents. Determine exactly what it is that you are very good at doing, or could be very good at, and throw your whole heart into doing those specific things very, very well.

11) Identify your key constraints. Determine the bottlenecks or chokepoints, internally or externally, that set the speed at which you achieve your most important goals and focus on alleviating them.

12) Take it one oil barrel at a time. You can accomplish the biggest and most complicated job if you just complete it one step at a time.

13) Put the pressure on yourself. Imagine that you have to leave town for a month and work as if you had to get all your major tasks completed before you left.

14) Maximize your personal powers. Identify your periods of highest mental and physical energy each day and structure your most important and demanding tasks around these times. Get lots of rest so you can perform at your best.

15) Motivate yourself into action. Be your own cheerleader. Look for the good in every situation. Focus on the solution rather than the problem. Always be optimistic and constructive.

16) Practice creative procrastination. Since you can't do everything, you must learn to deliberately put off those tasks that are of low value so that you have enough time to do the few things that really count.

17) Do the most difficult task first. Begin each day with your most difficult task, the one task that can make the greatest contribution to yourself and your work, and resolve to stay at it until it is complete.

18) Slice and dice the task. Break large, complex tasks down into bite sized pieces and then just do one small part of the task to get started.

19) Create large chunks of time. Organize your days around large blocks of time where you can concentrate for extended periods on your most important tasks.

20) Develop a sense of urgency. Make a habit of moving fast on your key tasks. Become known as a person who does things quickly and well.

21) Single-handle every task. Set clear priorities, start immediately on your most important task, and then work without stopping until the job is 100% complete. This is the real key to high performance and maximum personal productivity.

Detecting weakness in the EU after hiting resistance and GU, both of the these pairs hit their Upper Bands and start to retrace down Confirmed in the Daily TF with an Inside bar on both, why retrace and not reverse because i can see a divergence in movement in the other non correlated pairs UCHF and UCAD who didn't hit their maximum range yet or the lower Bands, my experience tells me that in this case the pairs that hit their upper range will keep whipsawing up and down until the other non correlated pairs hit their bands and then both of the pairs will move in their respective directions, this i think will take some time but its worth noting.

Both EU and UCHF broke their respective long term trendlines.

Being in August, the vacation month, with low liquidity and high volatility, these pairs where hard to trade because we have seen a lot of whipsawing following a heavy news event week in the Beginning of the month, also worth noting that the GU hit the W1 Lower Band in his last swing low which means that for now on we can expect a more bullish Bias on this pair, actually if we comeback 1 year we can see that this pair have made a double dip once in 12/3/13 and the last one in 9/71/13 testing the W1 Lower Band twice.

Here is some charts.

Best,
B.R.

Hello bassramy

Very nice picture would be even nicer if you can share the indicator and the TPL
I would be very very grateful to you
with respect

We would like to try this unique work

Retail Sales in U.S. Rose in July for Fourth Consecutive Month sent the Bucks to the roof as expected, and in doing so the EU and UCHF broke their respective long term trendline.