Forex Trade Calls and Fundamentals

Grammatical Errors Abound

2010-04-02T20:54:00.000-07:00

I sincerely apologize for the grammatical errors on this blog. I'm reading some of the posts and am embarrassed to say I'm the author. Please consider the content herein was composed rapidly, and devoid of proofing.

Have a lovely day ;)

Michelle can't wear sleeves yet the country is obsessed about a Governor stepping down to focus on the job at hand

2009-07-09T12:35:00.001-07:00

We have a twit in the Whitehouse akin to grunge musicians speaking through their attire at awards ceremonies. Remember when it became somewhat acceptable to wear jeans to ceremonies. Jeans had become Americanized and the culture seemed to let loose a little bit. I think that happened back in the ‘90s. Today we have a disrespectful, seemingly very spiteful woman gallivanting in London, all over Europe and recently in Russia wearing sleeveless dresses while dining with dignitaries. It’s mind numbing how no one dares to rain on this buffoon’s parade. It’s disrespectful and that is the end of the story.

In the meantime the country is up in arms over a respectable woman; on all fronts, who stepped down from her position as a successful governor. Stepping down means saving the state huge sums of money being spent on frivolous cases spurred by jaded political opponents. It means the sate will have someone devoted to them as much as Mrs. Palin was as governor, and it means she can focus on becoming president of the USA in 2012; which should be a cake walk for this woman given her incumbent, derelict of an opponent. You know I coined John Kerry’s name while he campaigned against GW Bush as; John “I can cure cancer because George Bush can’t” Kerry. Kerry was laughable during any debate. With his prescribed equation I guess you or I can cure global hunger because George Bush couldn’t. It’s quite liberating if you say it aloud to yourself, but the fact is; it’s a lie. Quit lying to yourself. So fast forward to 2012 and we have Kerry’s hand-picked liberal from Chicago telling Americans that he created jobs when it cannot be proven and actually it can be disproven. He uses brazen statistics to bolster his otherwise flat speeches. In between the uhs and umms we just get lied to, folks. At the end of the day or at the end of the term in 2012 it will be nothing short of a walk in the park for Mrs. Palin to march into the Whitehouse and begin correcting the socially enslaving policies enacted the previous 4 years.

To get there Mrs. Palin will need to harness the power of the media and paint them into a corner where they can only expose more truth about herself rather than sling frivolous, baseless comments as they have done in the past. Let’s all demand a little more from our media.

Yes I’m considering supporting Sarah Palin over Ron Paul in 2012. I do not expect the massive overhaul that Dr. Paul promises while Mrs. Palin is in the Whitehouse, but I trust we will get a much better direction out of this country compared to where it’s steered currently.

Did he really say this? My goodness this is poingnant, accurate, timeless, brilliant...

2009-06-25T12:32:00.001-07:00

Democrats are only judged on their intentions - not the results. Rush Limbaugh 2009

Good God this statement is nearly perfect. Create a welfare state and then make it necessary. Create a state run health plan and make 100million Americans lose their private health care making them dependent on the state. Create a wildly deranged tax based on fictional climate change which bankrupts entire industries and then buy the corporations with government money so the state controls all.

Someone is thinking what I'm thinking...

2009-06-25T12:18:00.001-07:00

http://news.yahoo.com/s/ap/20090625/ap_on_re_us/us_sc_governor_e_mails_1

How or who hacked the Governor’s email? Was it the all-knowing NSA who hacked Clinton’s email a couple weeks ago?

Adultery, email, and the NSA?

2009-06-24T14:53:00.001-07:00

http://www.thestate.com/154/story/838823.html

Sometimes coincidences need to be mentioned. Regarding the story Sandford had commonly left on long trips with friends or by himself. His wife had never been suspicious of him cheating. This time; however, she raised alarms during a shorter than average getaway by Sanford. My guess is the NSA has hacked into Sanford’s email just like they hacked into Bill Clinton’s email a couple weeks ago and I would imagine they hacked NV Senator John Ensign’s at the same time as Clinton’s. There are too many coincidences happening right now. When things like this occur we need to consider if there are ulterior motives. I’m not condoning these affairs. I think they are all morally deficient people, but there is a syndicate at work behind the scenes that is much more sinister. Sometimes the devil you know is better than the devil you don’t know.

Typical ultra-left fraud.

2009-06-23T23:53:00.001-07:00

Charles Krauthammer doesn't hesitate to proclaim his real goal: "regime change" as the only way to solve future nuclear threats. "Our fundamental values demand that America stand with demonstrators opposing a regime that is the antithesis of all we believe." He then asks, "Where is our president? Afraid of meddling." And how does this brilliant pen of the right propose to meddle effectively? Like his neoconservative brethren, he offers nothing besides moral condemnation.

Charles Krauthammer is berated by Leslie H. Gelb of the Council on Foreign Relations and form NY Times columnist. Based on his previous employer we get a good idea of how relevant this schlep is. Based on the NY Times rapidly dwindling distribution I’m not the only one who agrees with that statement. Haha. Oh how sweet the truth is. Mr Gelb inaccurately represents Charles Krauthammer’s position on US-Iran interaction during the bloody Iran protests. Why would someone misrepresent another person? Either there is confusion or there is insecurity. In this situation I believe there are both. If we’re allowed to hear Charles Krauthammer’s thoughtful insight we can turn to a reliable channel. The following is extracted from: http://www.foxnews.com/story/0,2933,526967,00.html

CHARLES KRAUTHAMMER, SYNDICATED COLUMNIST: I find the president's reaction bordering on the bizarre. It's not just little and late, but he had a statement today in which he welcomed the Iranian leader's gesture about redoing some of the vote, as you indicated.

And the president has said "I have seen in Iran's initial reaction from the supreme leader." He is using an honorific to apply to a man whose minions out there are breaking heads, shooting demonstrators, arresting students, shutting the press down, and basically trying to suppress a popular democratic revolution.

So he uses that honorific, and then says that this supreme leader — it indicates that he understand that the Iranian people have deep concerns about the election. Deep concerns? There is a revolution in the street.

And it is not about elections anymore. It started out about elections. It's about the legitimacy of a regime, this theocratic dictatorship in Iran, which is now at stake. That's the point.

What we have here is a regime whose legitimacy is challenged, and this revolution is going to end in one of two ways — suppressed, as was the Tiananmen revolution in China, or it will be a second Iranian revolution that will liberate Iran and change the region and the world.

And the president is taking a hands-off attitude. Instead of standing, as Reagan did, in the Polish uprising of 1980, and say we stand with the people in the street who believe in democracy. It is a simple statement. He ought to make it. And it is a disgrace that the United States is not stating it as simply and honestly as that.

KRAUTHAMMER: If your objective is to denuclearize Iran, or at least blunt its program, the idea that somehow it's preferable, to, as Obama had done, to say we will remain engaged, implying he would accept negotiation with a discredited Iranian regime on the one hand, which will not succeed, and we all know that.

There is no way he is going to sweet talk Iran out of its nukes.

Whereas the only chance, short of a military attack, of stopping this program is with a revolution in the street, which would change the orientation of Iran and change it away from an existential enemy of America, Israel, and the Arab states. That's what's at stake.

And to say I'm going to sacrifice any support America could give in order that I'm going to retain the option of negotiation with hard- liners who are never going to yield on nukes, makes no sense at all.

Our only hope on the nuclear issue is a change of regime, and that all of a sudden has become possible almost in a miraculous way. It is still improbable, but it's possible, and we ought to throw our support and to show the demonstrators that they are not alone.

KRAUTHAMMER: It is not going to happen. The Chinese have said that, and the Russians as well, that no force is to be used in inspecting these vessels. So it's a non-starter. Nothing is going to happen.

What I think is remarkable is that even though over the last 16 years in the Clinton and the Bush administrations we did not succeed in stopping, although we slightly slowed the nuclear program, look what's happened in the six months of the quote, unquote, "smart diplomacy" of the Obama administration?

Long-range missile tests, the explosion of a nuclear weapon probably a third the size of Hiroshima, the declaration that the plutonium the Bush administration had frozen will be weaponized entirely, the entire stock, and the declaration that the uranium program which the Bush administration talked about, which Democrats had said was an invention of the Bush administration, the uranium enrichment is going to start up. All of that and the seizure of two Americans. If that is not a repudiation, a humiliating repudiation of the Obama policy on North Korea, then nothing is.

KRAUTHAMMER: The Bush administration had the plutonium rods frozen and had a slowdown in those departments. There is a big difference.

KRAUTHAMMER: It's a playing card we ought to play, and to play it now. It's a trump.

So there you have it. Well informed and thoughtful. There is no “hindsight is 20/20” in what Charles Krauthammer says. He has convictions and he stands by them. Some of the ultra left should take note; uh hum, Mr Gelb!

Bush takes swipes at Obama policies - Washington Times

2009-06-18T07:16:00.001-07:00

Bush takes swipes at Obama policies - Washington Times

Shared via AddThis

A computer's perspective of government versus liberty.

2009-06-16T13:40:00.001-07:00

As I’m cracking into these computer programming books I’m compelled to think in a different way. No not monotone like a robot but functionally to establish objective variables and products of such variables. I am wondering how a computer would interpret socialism versus free market. It seems apparent that the end result must be the criteria for optimization. If we tell the computer we want the government to be strong forever the computer will analyze all inputs and decide that socialism must be the optimal choice. On the other hand if we ask the computer to analyze liberty of each man, woman and child the computer must decide a free market is the optimal choice.

If we had a computer in office right now would we ask it to perpetuate our lives or the government’s existence?

Has no one been listening?

2009-06-16T08:52:00.001-07:00

The Federal Reserve is the most guilty entity in allowing the subprime housing catastrophe to occur. Many are pointing fingers at political parties, but the wise among us know both parties are controlled by the entity with the most money; which is the Federal Reserve. The Fed would prefer you are all divided; because you are fighting amongst yourselves, as the Fed walks into the room and takes everything. In this statement “room” is a euphemism for country. The Fed was the only entity with oversight of banks’ leverage into CDOs and other forms of bad or subprime debt. The administration points the finger at the Office of Thrift Supervision, but we know they are paid just like the other members of the house. In this day and age when a presidency can be bought we need to shrink government and take away its power.

The article below outlines Obama handing over of our country to the money printers. This is a great clue if you still think Obama is the Messiah. You see Jesus stormed into the temple throwing the money changers’ tables and denouncing their practice; because they were trying to control his people, much the same as the Fed is trying to own you and everything you see in YOUR country. (Perhaps I’m naïve but I still consider this OUR country. I think we can take it back but it’s going to take years to repair the damage done.) Two things need to happen soon. The Fed needs to be shut down for failure to protect our monetary base and conspiring to dilute it. Obama needs to be impeached for aiding the Fed. I think we can get the entire country behind shutting the Fed and once we have successfully prosecuted them we can easily add Obama to the guilty list and quickly throw him out.

http://www.washingtontimes.com/news/2009/jun/16/plan-gives-fed-sweeping-power-over-companies/?feat=home_headlines

He was a Democrat. Please correct the mainstream media. Yes Nazis are left wing. No Bush was not a Nazi. If you think Bush was a Nazi; ironically, you probably are a Nazi.

2009-06-15T18:27:00.001-07:00

http://www.foxnews.com/politics/2009/06/15/hate-crime-laws/

Somebody has to monitor the mainstream media and so I am providing a link to an article that describes the Holocaust Museum Terrorist as a registered Democrat. He is not a right wing extremist. The mainstream media is correct to say he is a neo-nazi; which by definition means he’s an extreme left wing socialist. It’s humorous how people twist words in seemingly inane ways to convince or brainwash society while the public has no knowledge of history to rebuke the media’s shameful efforts. Just the facts, Ma’am.

Sometimes you run across a needle in a haystack...

2009-06-12T09:57:00.001-07:00

http://politicalangstinamerica.blogspot.com/

Oh this guy is good.

Taking wagers on when Letterman will be fired

2009-06-12T09:41:00.001-07:00

When do you think Letterman will be fired by CBS? The most recent scandal is just the tip of the iceberg. The Willow Palin comment comes precisely as Conan O’brien comes into late night power. The writing is on the wall. Conan will eclipse Letterman swiftly. Letterman and Letterman’s ego will become increasingly rude and unapologetic as they become threatened by Conan until ultimately the network pulls the plug on a rude old curmudgeon. I’m not predicting who will replace Letterman but I am predicting Letterman will be fired before June of 2010 for his abrasive personality that will no longer resonate with viewers or sponsors. Meanwhile Conan’s fresh humor and constant resolve will catapult him into late night success. Notice how Conan treats guests who use crude humor or say things akin to Letterman’s latest comment about Willow Palin. Conan pauses for a brief moment as if to give the guest a prepubescent time-out. Subconsciously everyone realizes what just happened and typically the guest refrains from making additional crude comments. I’ll go one farther in predicting the only folks that don’t like Conan will be the internally conflicted people that gravitate toward other forms of debauchery or bastardizations of quality programs in a constant effort to perpetuate their self inflicted misery. We all know someone that is just always sick or the world is always against them and dog gone it they are just the smartest person because everyone else is stupid and just doesn’t “get it”. You know the type. Maybe they can find another Letterman to cheer on to make their like-minded misery sustainable.

Today Show video: Palin: Letterman 'crossed the line'

2009-06-12T08:59:00.001-07:00

Palin: Letterman 'crossed the line'

June 12: TODAY’s Matt Lauer talks with Alaska’s Gov. Sarah Palin about her ongoing feud with David Letterman. She says Letterman’s assertion that he was referring to Palin’s elder daughter in an off-color quip does not ring true.

http://today.msnbc.msn.com/id/26184891/vp/31314741#31314741

As foolish as it sounds Matt Lauer thought he was going to prove Sarah Palin wrong, and as anyone would have expected, he failed miserably.

Wow! Did he just say what we are all thinking? Wake up conservatives!

2009-06-11T13:56:00.001-07:00

http://www.youtube.com/v/s75P8xNMZEE&amp

Hurting the economy one sector at a time

2009-06-05T08:54:00.001-07:00

http://www.bloomberg.com/apps/news?pid=20601087&sid=aAKluP7yIwJY

If you ran the country and your primary goal was to foster corporate growth would you either lower taxes or offer some other kind of incentive like tax credits? What’s that!? You say you would RAISE taxes!? How the hell would anyone have elected such a fool!? Oh apparently the USA elected someone with an IQ of roughly their shoe size. We’re raising taxes on a huge profit center for the government which is going to instantly force some of their business offshore to avoid the tax hike. I guess it’s this simple; if the government can’t impose a tax hike everywhere in the world they should probably try to be competitive to keep the business they have and God forbid try to get some new businesses to move here!

How can we mess up the current situation worse than it already is?

2009-06-02T12:43:00.001-07:00

Let’s start by naming a 31 year old to be CEO of one of the largest companies in the world. Is he qualified? Well he’s not yet graduated so let’s give the flunky more time to prove himself. In the meantime he can freely run GM into the ground. I guess it’s a more elaborate way of eliminating the UAW than I would propose. Let’s ask Rick Wagoner what we should do to get GM back on its feet. Rick says screw your ignorant CAFE standards and screw the union. Give the people what they want.

For Pete’s sake let’s not forget the people run the country not the other way around.

You know; for all intents and purposes, if he [O] wants a damn socialist government let him reference Russia or any other failed government for that matter and leave our country alone! Where do we get these damn maroons with their ivy league education and no real world experience that think they can redeux socialism in the 21^st century? Seriously who is so stupid to elect these dipshits? I don’t think “waste of skin” encompasses the damage that these mindless warriors are doing. Hell look at their beloved global warming that finally even they have debunked. Didn’t get any air time did it?

How does someone that stutters and stammers more than Woody Allen become noted as being an articulate public speaker? Reagan was an articulate public speaker. Clinton was a circular talking, articulate public speaker. Obama is a muh, muh, uh, maroon, uh! Hey I always bring this up in my common sense rants cause it’s so damn spot on. Remember John “I can cure cancer cause George Bush can’t” Kerry? Haha. What a maroon. This guy made the worst speeches on record. Anything George Bush could not do; John “I can cure cancer cause George Bush can’t” Kerry could easily do, but don’t ask about his policies. Haha. What a maroon!

Who here is outraged at the previous Bush appointed supreme court justice’s statement; “my experience as a white man makes me better than a latina woman”.

Outraged I tell you!

Simply by invoking Bush’s name and “white man” I’m able to make most of you outraged. You’re emotionally ignorant and racist if you are outraged at my contrived comment vs feeling empathetic to Sonia Sotomayor for her comment that is exactly the same only regarding Latina women. Get yourself a counselor and wake up!

Where’d all the good people go?

I told ya so and I don't mind saying it.

2009-04-16T21:43:00.001-07:00

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5160120/A-Copper-Standard-for-the-worlds-currency-system.html
That article outlines what and why China has been doing with their 1.9trillion in currency reserves. I said gold was a bad bet or at least not logical. I said soybeans would be a better bet long term because gold is not a currency anymore than soybeans. It looks like China has been buying up copper more than anything but you can bet long term they are thinking the same way I'm thinking. The only reason gold is valued at $1000/oz is because it is. Someone said a long time ago we should use gold as a currency because it doesn't rust or go away like other metals. It's also beautiful when cleaned. Those concepts are as beneficial as tits on a boar in this day and age. I don't know when gold will drop to a reasonable industrial price but it will eventually. I've always said do your own research and don't rely on people you think are smarter than you cause you'll surprise yourself how often they are wrong and you are right.

How about another 2.2trillion?

2009-04-06T06:59:00.001-07:00

The G20 agreed to print 2.2trillion to assist the global markets into a growth phase. About 1/6^th of that amount will go to countries that currently don’t produce tradable goods because their dictators would rather their countries live in squalor. Obama says these countries are potential trading partners with developed nations but I would rather hear he is directly infusing businesses there and providing a framework for a new government system. So again we’ll give them fish instead of teaching them to fish and we’ll do it again after we print another 2trillion for banks to bandage their ignorant wounds.

In the lower left of the attached image we see the dollar has fallen off a weekly trendline and looks primed to fall for about a year. The first 6 months should be a doozy and I predict we’ll be hearing the term “hyper inflation” tossed around quite a bit. If you’re still wondering where to put your money during the impending inflation; I like commodities until oil hits $100-125/bbl, then I like Brazilian equities. I would sit out after oil spikes to $100+/bbl until it drops down to $90-100/bbl and then get into Brazil’s equities market. We’ll be looking more at specific ETFs or stocks when the time comes but for now we have our country picked and a game plan.

School Fund Raiser

2009-04-01T08:17:00.001-07:00

http://myhealthlock.com

Are you ready to jump start the biggest, best, most beneficial fund raiser your school has seen? Contact me about health records management and emergency medical ID for all families in your school system. We donate 30% of proceeds back to the school's PTA/PTO fund. This concept is annually recurring so your school will raise more money year after year without sacrificing people from other fund raisers.
Lock your health with HealthLock.

short S&P

2009-04-01T06:35:00.001-07:00

If we see S&P break the previous lows; which are only 5 points away, and EURJPY breaks lows as well we should have a sustainable selloff. Place stops above previous 4hr highs looking for a quick move down to 720 in the S&P and 126.00 on EURJPY.

The next leg down should find the bottom

2009-03-30T14:32:00.001-07:00

I’ve been talking about another leg down and I think we have it underway. Equities markets are crashing thanks to an ulterior motive based move by Obama. The market can see the dictator favors a strong UAW and weak or at best heavily saddled GM. This leg down will take us to lows or slightly lower. The next 20% move up from lows will most likely show the bottom is in. We don’t have long to wait for this move to complete. Once the avalanche starts it causes panic in the markets; which should last no more than 2 weeks. I foresee the market stalling for about a year moving up and down in these cheap prices. It looks to me like the real money makers will buy the lows and sell the highs in a channel pattern 5-10 times over the next year in a sideways market worth 250-300 points from top to bottom. It’s possible that the channel has a slight upward angle as well. The completion of a sideways market is usually a very fast move up or down, and I foresee a move up more so than a move down. Hope this helps.

This is scary

2009-03-30T14:05:00.001-07:00

There have been more scary movies in theatres lately and I suppose the money behind those movies is motivated partially by the economy. The smart folks think scary movies do better in times of economic despair. Personally I don’t view the scary movies. When I flipped open drudgereport today I was uncomfortably scared to see Obama is now running American corporations that he feels have been misguided. Rick Wagoner was fired by obama recently because obama didn’t think Wagoner had done a good job as CEO of GM. Wagoner has been with GM since 1977 and CEO since 2003.

My frustration with this scenario is obama is taking the light off what is really wrong with this company and casting it on an undeserving scapegoat. GM needs leverage against the auto union and freedom in creating cars Americans want. Rather than fire the CEO of GM; why not fire the CEO of the United Auto Workers Union? The UAW is the heaviest weight GM is holding. If a runner was pulling a 50lb weight; you would not replace the runner with another runner in order to attain a faster speed. You would ostensibly cut the weight to ensure a faster speed. What has happened here is very telling. The weight is not going to change, folks. As a matter of fact; the weight will most likely get heavier, and in order to pull the weight the government is going to step in like performance enhancing drugs. The problem with performance enhancing drugs is they are unsustainable in the long term. Performance enhancing drugs clog up major arteries. They add pressure to the normally dynamic, yet stable system. This added pressure either results in premature, abrupt death or a slow painful death via corroded arteries and overuse injuries. I hope you all see the parallels here. I forgot to mention the powerful psychological disturbances that are caused by these performance enhancing drugs. Perhaps we can begin calling them Obamachoses. [obamachoses is plural for obamachosis or psychosis]

Is it just me? No the markets agree the move was wrong. Their opinion is loudly voiced by selling GM shares down 24% in one day. Confidence was stripped from this great American company in one fell swoop by a misguided dictator with ulterior motives.

LiteForex currency indicies

2009-03-26T16:53:00.000-07:00

Currency breakdown based on LiteForex proprietary indexes. 12 minutes.

EURUSD EURJPY SPX Gold

2009-03-25T09:37:00.000-07:00

18 minutes of analysis and opinion of EURUSD EURJPY SPX Gold charts.

It's nice to make money. Money's green. Perhaps we should grow it for carbon credits.

2009-03-24T12:15:00.001-07:00

Hey I like making money as much as the next guy, but this new carbon trading scheme has my pants in a bunch. I’m gonna give you 10 seconds to say duh before I make you say it. Wait for it….Wait for it….Carbon trading is going to trade farm, or unused land’s positive oxygen balance for land used by oxygen negative corporations’ land. Wait for it…Wait for it…Whammo! Algae produces 70-90% of the Earth’s oxygen! Double Whammo with a reverse Whammo to reduce the impact of said Whammo or your face would have just inverted!!!!!! Echo of Whammo still going around the Earth…….If you’re not following at this point let me explain again but in more color. Carbon trading is going to trade farm land ie. grass and trees for the negative impact of manufacturing plants. Based on what I just told you we know grass and trees are a paltry component of oxygen producing organisms in this planet. Furthermore the greenies are trying to run up land prices in all corners of the world. They are advocating buying cheap land in 3^rd world countries to plant grass or trees to offset the carbon emissions of developed nations. News flash! When these morons make corporations completely non viable in the USA, AU, UK, JP etc the corporations are going to move to the 3^rd world countries themselves. More than likely the regulation in those countries will be more paltry than their oxygen production and the corporations will ignore all green moronic ideology.

No seriously the global warming fools have outdone themselves this time. They played the wrong piece. Blatantly obvious. If you think I’m being obtuse about calling people idiots then explain how you take 150 years of temperature data and extrapolate 100s of millions of years of temperature data and then force a regime of guilt and blame for said extrapolated hogwash. Ok maybe I missed that equation in 4^th grade math that turned 150 years into 100s of millions. Nope. Didn’t. Just called Mrs. Olson and she said we did not teach that at Niobrara Public Elementary. To my complete befuddlement I replied to Mrs. Olson in a series of grunts and otherwise unintelligible moans before hanging up. [GI Joe’esque internal monologue.] “Head…hurts….must get…..common….sense back….”

As always do your own homework and have an independently-arrived view point. Don’t be a sheep.

Damnit, Jim! I’m only a doctor!

Principal: “Mr. Madison, what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul."

STATE SALES MANAGER / REPS NEEDED

2009-03-24T07:54:00.001-07:00

STATE SALES MANAGER / REPS NEEDED
Well established tech company with new division in need of outgoing, motivated sales reps and managers for new product launch. Position deals in medical technology, opportunities are endless. I am looking for 1 manager to oversee and direct sales and salespeople in the state of NC. You will be selling B2B as well as to the average consumer. Background and experience can vary, and do not necessarily need a technology background. Candidate can start full or part time. Commissions paid on sales, residuals paid on all re-orders. Please go to www.TeamSmartLock.com to learn more about the position and contact us through there if interested. Looking for 1 manager in each state, position will fill quickly.

Forex Broker with great bonuses on deposit.

2009-03-23T11:59:00.001-07:00

Talk to me about this broker and how you can fund your account via bank wire and earn 10% bonus equity. I have a great trader at this broker as well. Please contact me with questions or trade details.

Trade calls based on support resistance

2009-01-05T03:45:00.001-08:00

www.pivotfarm.com

These trade calls are offered by a friend who has been very successful in trading. He focuses on the ES contract using major pivot levels.

hay for sale

2009-01-02T16:52:00.001-08:00

http://hayforsale.blogspot.com/

hay for sale

premium hay for sale

hay for sale

http://hayforsale.blogspot.com/

hay for sale

hay for sale hay for sale

premium hay for sale

http://hayforsale.blogspot.com/

hay for sale

premium hay for sale

http://hayforsale.blogspot.com/

hay for sale

premium hay for sale

http://hayforsale.blogspot.com/

hay for sale

premium hay for sale

http://hayforsale.blogspot.com/

hay for sale

premium hay for sale

http://hayforsale.blogspot.com/

hay for sale

premium hay for sale

http://hayforsale.blogspot.com/

hay for sale

premium hay for sale

http://hayforsale.blogspot.com/

hay for sale

premium hay for sale

http://hayforsale.blogspot.com/

hay for sale

premium hay for sale

http://hayforsale.blogspot.com/

hay for sale

premium hay for sale

http://hayforsale.blogspot.com/

hay for sale

premium hay for sale

http://hayforsale.blogspot.com/

hay for sale

premium hay for sale

hay for sale

hay for sale hay for sale

hay for sale

2009-01-02T16:51:00.001-08:00

http://hayforsale.blogspot.com/

hay for sale

premium hay for sale

http://hayforsale.blogspot.com/

hay for sale

premium hay for sale

http://hayforsale.blogspot.com/

hay for sale

premium hay for sale

http://hayforsale.blogspot.com/

hay for sale

premium hay for sale

http://hayforsale.blogspot.com/

hay for sale

premium hay for sale

http://hayforsale.blogspot.com/

hay for sale

premium hay for sale

Types of investing and the present vacuity of common sense.

2008-12-16T06:41:00.001-08:00

I’m looking at a performance chart of an MIT graduate/ Actuary/ a couple other things, and I recognize his returns have been almost identical to the S&P500. This is typical for an optimized system and everyone including the largest banks in the world use this concept to some degree. You’ll see in the next year that only small investors use these models because they are destined to fail as soon as the market turns. Conventional wisdom tells us the market trends 20% of the time but if you zoom out to the weekly or monthly chart there should be a trend in place at all times and an optimized system will realize that trend by taking more longs during a long trend and more shorts during a short trend. The result is when the trend changes you take losses on the optimized system. Depending when these characters begin their optimizations they will take their losses at different times. People who are optimizing for the market selloff beginning this year are heavy short and when the market recovers they will be heavy losers until they pull the plug. My prediction that firms will wisen up should be hastened by the next market turn. These guys are scrambling to reoptimize their systems or their systems are auto reoptimizing and they are becoming geared more to the short side of things so when the market rolls to the long side they will begin taking losses as the S&P begins to recover and their investors will not stand for it.
The recent craze of data mining and optimization is nearly over. As with any industry a proliferation and subsequent wash out period must exist. The fact of the matter still remains in trading that a farmer can trade as well as an MIT graduate and I would venture to guess the farmers would out trade the MIT’rs most of the time. My rational for this presumption is simple. While the fools tell you gold is going to $5000 the common sense farmers will tell you if gold goes to $5000 then my corn goes to $25/bushel and that is not possible. Call it what you will; the school of hard knocks, common sense, conventional wisdom. Schools don’t teach this stuff anymore. Common sense would beg the question; why send your kids to school? If common sense had an ego I would ignore its question, but as long as I’ve known common sense there has been no ego; and you know what, it’s been correct a lot more than a particular new grad program at the institute of technology in Massachusetts.
For all those looking for a brush up course on common sense I think they still have them at any local nursing home. Your grandparents wouldn’t mind educating you either. Of course it would be respectful of you to leave a tuition payment on their step similar to your most recent grad program. If you’re wondering why these old folks have the market cornered on common sense; it’s really quite simple. Reasoning and logic come from the frontal lobe of the brain. It doesn’t matter how much coursework you take; your frontal lobe capacity will be limited by genetics and age. As for all those complex equations you learned in that heuristic math class; you don’t need to remember them, because google is just a click away.

Lifting Costs and the Manipulation of Oil.

2008-12-08T06:51:00.001-08:00

http://www.eia.doe.gov/neic/infosheets/crudeproduction.html

“Reservoir characteristics (such as pressure) and physical characteristics of the crude oil are important factors that affect the cost of producing oil. Because these characteristics vary substantially among different geographic locations, the cost of producing oil also varies substantially. In 2006, average production costs (or “lifting” costs, the cost to bring a barrel of oil to the surface) ranged from about $4 per barrel (excluding taxes) in Africa to about $8.30 per barrel in Canada; the average for the U.S. was $6.83/barrel (an increase of 23% over the $5.56/barrel cost in 2005). Besides the direct costs associated with removing the oil from the ground, substantial costs are incurred to explore for and develop oil fields (called “finding” costs), and these also vary substantially by region. Averaged over 2004, 2005 and 2006, finding costs ranged from about $5.26/barrel in the Middle East¹ to $63.71/barrel for U.S. offshore. While technological advances in finding and producing oil have made it possible to bring oil to the surface from more and more remote reservoirs at ever increasing depths, such as in the deepwater Gulf of Mexico, the total finding and lifting costs have increased sharply in recent years.

World Crude Oil Production

Total world production of crude oil (including lease condensate, but excluding natural gas plant liquids³) in 2006 was 73.54 MMbbl/d (preliminary). The top five oil producing countries, which together accounted for about 43% of total world production, were: Russia (9.25 MMbbl/d), Saudi Arabia (9.15 MMbbl/d), the United States (5.1 MMbbl/d), Iran (4.03 MMbbl/d) and China (3.69 MMbbl/d). The Organization of Petroleum Exporting Countries (OPEC), which includes Saudi Arabia, produced 32.1 MMbbl/d or about 44% of the world total.”

http://www.opinionjournal.com/extra/?id=110006228

“The market price of oil is indeed hovering up around $50 a barrel on the spot market. But getting oil to the surface currently costs under $5 a barrel in Saudi Arabia, with the global average cost certainly under $15. And with technology already well in hand, the cost of sucking oil out of the planet we occupy simply will not rise above roughly $30 a barrel for the next 100 years at least.

In sum, it costs under $5 a barrel to pump oil out from under the sand in Iraq, and about $15 to melt it out of the sand in Alberta.”

The article goes on to explain there is a 100 year supply of oil sitting in Venezuela and Canada, and their lifting costs are around $15/bbl. There is no reason for oil to touch $147 for the next 100 years. The CRB index is the basket index for commodities; which is 33% crude oil.

Conventional wisdom tells us; when equity markets and home prices (high order consumer goods) are falling; commodities (low order consumer goods) should rally. Oil rallied as the subprime catastrophe began, and it continued to run as the housing crisis became a financial meltdown.

My goal in presenting these figures is to highlight when to buy oil again. My standard concept is to start buying oil when it touches $30/bbl because there is equal risk to reward in holding oil at $30/bbl if your profit target is $50-60/bbl. The investment hold time might be 1 year to earn 80-100% return. I feel oil will bottom before the global equity markets so getting in oil first and then diversifying into some equity markets 6 months to a year later would be more profitable. Currently we are in a deflationary cycle as banks collapse and money evaporates. When banks stop collapsing we’ll enter a fast inflation cycle where prices of everything will rise. I’m not jumping on the gold band wagon. Gold will rise just like oil or corn. To say gold should be at $3000/oz is saying farmers should be driving Maseratis. Don’t listen to people preaching high gold prices.

Where is the money going?

2008-10-09T12:38:00.001-07:00

Where is the money going?
Usually when equities devalue the money has to go somewhere and that somewhere is usually into commodities. These days there is so much fear that money is mainly going into bonds to make just a few % a year. That is a sign of severe fear worldwide. No one is willing to put their dollars or euros or pounds or rupees or yen on the line to make more than 2% per annum.

So what is going to stop the fear? Well banks need to gain confidence in one another. Soon enough that confidence shall be bolstered by the Fed as the grand printing press takes a stake in banks themselves. This move will spike confidence instantly; and when confidence spikes, equities spike. We’re going to see bond yields go up as bond prices fall on the avalanche of money into equities and commodities. Since the dollar is set to lose value during that time we’ll see oil spike back to 100+ unfortunately but I’ll go one further and say it won’t go to all times highs again. Oil should stay around 100 and allow equities to gain back their losses in the next year. Oil exporters from OPEC think prices should be higher and they are willing to impose artificial limits of supply to pad their bottom line. Their foolishness and greed are always their demise. When they were convinced to move from dollars to gold in 1980 to avoid losing money on a falling dollar; they lost 80% of their wealth with only their greed and ignorance to thank. Again they have made a foolish, greedy trade into long oil and now are losing their preverbal asses for the second time in less than 30 years.

I think the next couple decades will be plagued with frequent downturns like a hangover from massive borrowing and spending never before seen in recorded history. Looking to gold’s future seems bleak or at best range bound. Surely as the dollar devalues again gold will be the winner, but consider that simultaneously fear will leave the market place in record pace just as it entered in record pace. My outlook for gold is unchanged this year; lackluster for the lustrous metal.

On the whole we have to consider the behemoth in the East that will demand food and energy at record paces as soon as its shackles are unbound. It will grow at the fastest pace allowed regardless of environmental damage devouring natural resources and exploiting cheap labor to build things that inspire their brethren to continue cheap labor socialistic values. Great things will be built no doubt but it’s just a matter of time before the corruption leads to its demise. Capitalism has been chastised in recent months due to the greed of a few and the expense of billions. These periods are constructed by fiat money and central bankers, but if we look to the alternative in socialism we clearly see a much worse option. History will repeat as it most definitely does and our recession will look like a walk in the park on a sunny Sunday afternoon as the red giant in the East devours itself and spews corruption from its borders. Weaponry will become cheap and accessible again to the radically misled fools and defense spending will be increased in response to the multi faceted threat. No doubt an increase in defense spending will precede the fall of the East as rhetoric of superiority and antagonization will pre-empt its demise. One might consider the US is well positioned to weather the rise and fall of the East with little drawdown.

The Answer to the Bailout Speaks

2008-09-30T14:54:00.001-07:00

http://www.ronpaul.com/2008-09-25/ron-paul-my-answer-to-the-president/

Ron is mostly correct as usual. My only gripe here is if the bailout passes the equities markets will thrive on other peoples’ money. If the bailout fails real estate and equities will fall very fast, but this is needed. The deflation will spike dollar strength bringing oil down below $60 barrel. We’ll have a more reasonably valued dollar afterward if the bailout fails.

Rhetorical Terrorisers

2008-09-21T13:35:00.000-07:00

First investment banks talked up the price of oil to $140/bbl.

Then they talked bank stocks down to near zero across the board.

What can we prove?

Who is guilty?

The damage has been done. Millions of citizens have been irreversibly hurt. What is the repercussion of such an atrocity?

We can prove oil demand did not outstrip supply. That is a no brainer and anyone that says otherwise is suspect in the investigation.

It can be proven that Bear Stearns was adequately capitalized before their rapid selloff. The same can be said for Fannie, and Freddie. I have not dug into Lehman yet.

Who is guilty? I wrote a post a while back about who is responsible for talking up oil.

The culprits of the financial collapse are more subversive and articulated and infinitely harder to expose.

The punishment is simple. Revoke all personal wealth of any kind claimed by the perpetrators and place it in a fund. Handing out $2,000 checks would help Americans but we would be better served to modernize a third world country and exploit their cheap labor.

Who's with me?

We'll bail out our banks, your banks, their banks...

2008-09-21T13:08:00.000-07:00

The FED decided which banks to purchase and which banks to let die kind of like a financial God. Now the FED is looking to purchase foreign, distressed banks.

Let's observe what got us into this mess in the first place. USA home ownership was at an all time high in the first part of this decade. Greenspan asked George Bush, "Do you want the party to keep going or should be put a wet towel on it?"

George Bush replied, "Let's keep it going, Al."

Greenspan replied, "We can keep the party going by allowing banks to buy CDO's of worthless mortgages. These mortgages are toxic from day one but the banks will never know because these young punks running banks these days haven't seen this ponzi scheme before."

George Bush replied, "Sounds risky. But we'll do it anyway cause I got some wars need fightin'."

And so it was that subprime was allowed to be promoted and abused throughout the land. The FED is the watchdog for the financial sector here in the States. Their silence while subprime loands skyrocketed is very telling. The bubble was being inflated to astronomical proportions and any good investor knows what happens to bubbles; especially big bubbles. Banks were in for a slide that had not been seen since '29. Houses eventually foreclosed at a record pace causing writedowns of 40% on many units. Banks wrote off everything thinking the end was near. Speculators shorted financial stocks; crippling bank to bank credit lines which would ultimately destroy a few large investment banks. Had the speculators not crippled banks there is no objective reason for their failure. The largest mortgage banks; Fannie and Freddie, were far from disaster when their stock began plummeting on speculation they might not have enough money. Rumors started by ex FED president William Poole caused the largest bail out in FED history and it can be proven that both mortgage banks were liquid and ready to ride out the storm. One would assume at such a high level there must be protections in place to prevent wild speculation like this. One would be correct in assuming such a thing, but the SEC president decided to wait until the damage had been done to enact the powerful crisis avoidance systems. The SEC president halted naked short selling of financial stocks and in 2 days the Dow Jones rallied over 800 points. Why did they do that, you ask? Well the dipshits that were short the financial stocks knew the fundamentals did not reflect their positions so they bailed on their predatory positions as fast as they could.

If you are thinking the FED conspired to purchase a few attractive banks behind the guise of a financial crisis you get a gold star today!

My only question now is who is the FED working with in foreign banks to stir the rumor pot and cause another large bank failure?

The other question is can I hire Chuck Norris to take out these dipshits?

A post of a post

2008-09-21T13:02:00.001-07:00

As I re-read the previous post about Johnny Carson's professionalism it strikes me as powerful and simple. "Lead by example." If you want employees to work hard then perhaps a hard working boss is the best motivation. I've employed a few people in the past, and I can honestly say my employees favored the harder working owner. I understand paperwork takes patience more than time and financial stress is... well... stressful, but the owner is supposed to be a pillar of strength. Those employees need someone to look up to. In a few years one of those employees will no doubt own a business and you can bet they'll emulate their favorite boss.

They could take some notes from Johnny Carson.

2008-09-16T11:34:00.001-07:00

Johnny Carson was immensely respected by his guests for his wit and fairness. His fans included any good hearted soul that viewed him in his 41 year television career. You would think someone that left such a legacy would have more emulators. George Clooney and Barbara Streisand fall near the polar opposite of Johnny Carson’s entertainment professionalism. Mr. Carson stated in an interview that his job was to entertain his fans, and that meant staying far away from political punditry. It seems the new breed would rather consider themselves weekend politicians from their perch in Hollywood. I suppose they think of themselves as invincible. If I were them; I would as well, after seeing Jane Fonda in movies again. Considering the other side of the coin we see certain politicians flying to Hollywood to rub elbows with their drooling, pseudo intellectual counterparts.

Perhaps I’m a rare person. I believe in a little bit of loyalty and patriotism.

Turning the focus of the camera on the populous; where the hell did everyone’s common sense run off to? Why were women so enthralled in voting for the Democratic nominee? What did he offer them that made them mindlessly follow his speeches? In a fence jumping race no less exciting than the equestrian version; McCain selected a female running mate that identifies with most of the level headed women in our country. I hate to say this; but the fact there was a fence jumping avalanche at all proves there was little level mindedness to begin with. I suppose since I’m 6’7” that I’ll just vote for the tallest candidate. Too bad Ron Paul wasn’t 7 feet tall!

I have to take a break at this point because it sounds like I’m a political pundit. I’m registered independent for all those so concerned. The difference between me and the few frustrated readers at this point would be my unbiased, common sensical understanding of the matters at hand. I’m sure the majority are nodding their heads in agreement while also nursing a headache after listening to mindless political dribble from the ubiquitous MTV’ers that soak up so much of our television waves. Speaking of MTV’ers; did anyone catch the first 10 minutes of the MTV VMA’s? This must have been the most politicized VMA’s on record and rightly so it procured the worst ratings in its history. How did the network of ill repute rebuke the facts? They blamed it on Britney Spears! If memory serves; the last time Britney messed up it increased viewership immensely. To quote Bugs Bunny, “What a maroon! What an ignoranimus! Ah hahaha!”

Get this country back on track or you're getting a time out.

2008-09-04T07:10:00.001-07:00

Who is the best presidential candidate?

I’m not going to answer that because it’s virtually impossible to avoid hyperbole, opinion and fuzzy math. There are a few qualities you could compare between the two main candidates to arrive at a pseudo-logical/objectivish decision. Kinda like trading!

Who do currency traders want as president? I like this question a lot more. Currency traders want the Flat Tax, they want to get the hell rid of the Patriot Act or at least allow sovereign money to hold accounts here in the USA without threatening their wealth. For crying out loud a judge can freeze accounts regardless; so why did we need that dumbass scare tactic called the Patriot Act to force sovereign money out of the US at break neck speeds? GET US THE HELL OUT OF THE TWO SIMULTANEOUS WARS!!! I would add another exclamation mark but that is a sign of obsessive compulsive disorder. I can’t stress enough how badly these two wars are crippling our country. If a candidate steps up that will do these things I’ll gladly put a bumper sticker on my car informing the cerebrally, diluted American population that it’s not about gender or skin color. It’s about good ol’ fashioned common sense. It’s something our country lost when we stopped reprimanding our children. I’m stepping down from the soap box now. Hopefully the world of blogging is a little lighter now.

Go Ron Paul!!!!

Best Forex system I've seen!

2008-08-14T04:32:00.001-07:00

This is the best automated forex system I’ve seen!

Click here for the best forex system I’ve seen

repost: Crude Tango or Waltz or square dance.

2008-08-06T11:18:00.002-07:00

Crude has formed a new dance step that lightened all of our wallets in the past year. We’re all aware of the meteoric rise in crude oil prices but did you ever stop to notice the rhythm it follows? As a trader we see this every single day. They are called “technicals”. Support occurs when price stops depreciating and starts appreciating and resistance occurs when price stops appreciating and reverses to begin its depreciation. Notice the resistance become support very close to the large round numbers. 70, 80, 90, 100…etc. So now that you know the secrets of day trading; you ask, “What does it all mean?” We’re currently at $120/bbl. Based on technical patterns it would be logical to say price will return to $130-135 area before touching $110. After touching $110 we should see $120 again before we see $100. If you understand the pattern you’re guaranteed to test out of 2^nd grade. Now that you know what makes the world go around you ask, “Why didn’t crude return to $140 after touching $130?” Well as you can see price bounced off $130 for two and a half days, but failed to rally to kiss $140 goodbye. There were so many sellers in the market they quickly ran over the buyers for lower prices. This is where experience comes in to play. In my limited experience on this rock hurtling through space at 18.5 miles per second I’ve noticed a couple things. Right now I’ll spare you everything but my trading experience. When a strong support level is broken traders will usually default to protocol on the next level. Since we broke through $130 like a smoldering lead balloon it would be logical to predict $120 will provide much more support and return us to tempo. Something I neglected to touch on is tempo. Price occurs on a scale of time just like everything we experience in the human condition. Some times are faster than others and some just take too damn long. At present crude has hovered near the $120 support for 5 days. Five days would be a reasonable tempo to stand on support. Price has returned to $128.50 since touching $120. Hey nobody’s perfect. Missing $130 by $1.50 might get you in the top 3 on Dancing With the Stars. The moral of the story is that the odds are stacked in our favor that we’ll see $110 in the next week.

repost; Indices trade calls

2008-08-06T11:18:00.000-07:00

The USDCHF long should be done here.

On the 15minute timeframe it appears long EURUSD at the end of the day and 38% fib is a gimme long at 1.5691. I have a rule not to trade the wild price action of rate adjustments and today was the wildest thing I’ve seen. I’m going to let a sleeping dog lie here and I’ll be back on it Monday pointing out the best swing trades and end of day reversion trades.

Compound Ingorance Strikes Wall Street Again!

2008-07-11T08:01:00.001-07:00

Einstein said, “The strongest force in the universe is compound interest.”

I wish I could ask him how strong Wall Street’s compound ignorance is. Today Wall Street thought Fannie Mae and Freddie Mac were going bust. On a statement from FED Sec. Hank Paulson essentially saying there will be no change to the GSE’s; Fannie and Freddie, the equity markets tumbled. If one is allowed to clarify Paulson’s comments it would look like this; “There is no change in GSE status”.

The laughing stock of the world also known as Wall Street or “No Talent Ass Clowns” did it again. Rumors running around the pits and through below average IQ’s and over-leveraged investment banks screamed to sell Freddie Mac and Fannie Mae like an over sized SUV during $5 gasoline in the US. Despite Paulson’s bullish comments equities tumbled even more before recovering.

To recap: Paulson’s comments are bullish because the FED is not injecting capital into the GSE’s which means they are adequately capitalized! I’m done ranting. My blood pressure is at dangerous levels.

Here is a good article explaining what is really going on. http://www.bloomberg.com/apps/news?pid=20601103&sid=aIePshn7LFOM&refer=news

End of the (S&P500) Rainbow

2008-07-03T12:14:00.000-07:00

Will there be a pot of gold at the end of this rainbow? Depends on your definition. I think so, because we'll have foregone the impending deflationary cycle that haunted Japan for 20 years.

When will the madness stop? Well we should have been asking that when banks were lending for 500k houses without concern for financial credibility. If I start giving money to people that can't prove their worth you better bet I'm going to go broke.
Let me ask another question. Where does a country hide most of its inflation? Stocks and real estate is the correct answer. A country keeps most of its money within its borders and the Federal Reserve was printing money so fast the borders were ready to burst at the seams. The stock market was rallying and home prices shot up faster than anytime in history. The symptoms were there and only a few investment banks saw them. During this time of inflation in housing and equities (high order consumer goods) we saw food and energy (low order consumer goods) stay quite low and affordable in comparison.
These definitions are from http://www.goldonomic.com/
Inflation is not an increase in the price level of goods and services. It is a more than proportionate growth of credit and money supply. The consequence of this growth is mostly, but not necessary an increase in the price level of goods and services.
Deflation is not a decrease in the price level of goods and services. It is a reduction of credit and money supply. The consequence of this action is mostly, but not necessary a fall in the general price level of goods and service.
Considering the definition of inflation we are waiting for equities and real estate to hit fair prices before a rally can resume. Fair house prices would be similar to the cost of building. Fair equities prices might be near the 2002 lows when the Federal Reserve started bailing out banks. Thanks to the credit crunch we are seeing a little deflation to let the air out of the balloon so I'm not anticipating the 2002 lows thanks to our concurrent problem with credit which seems to be a blessing in disguise.
While high order consumer goods are being deflated we see low order consumer goods inherit a lot of their inflation which is why we see energy and food rallying through the roof. At the end of the day when we see housing bottom and equities find fair prices we'll still have this high food and energy bill for a couple more years. It's almost like a tax or interest rate from the drunken debauchery and cheap money lending for high order consumer goods.

Now we have to ask ourselves; is anyone else guilty of similar crimes? The answer is a resounding yes and every developed nation is guilty of doing what the Federal Reserve did.

Indices trade calls

2008-07-03T11:59:00.000-07:00

The USDCHF long should be done here.

Oil free in 20 years?

2008-07-02T10:34:00.000-07:00

Sweden says 12 years. http://www.treehugger.com/files/2006/01/sweden_raises_t.php

Some industry savants say 20 years for most countries to be oil free. I think the analysts are assuming oil will still be used for aviation, plastics, and some industrial machines depending on cost and location.
I don't want us getting too far ahead of ourselves. Natural gas is 80% cleaner than petro, so I don't think anyone would have issue with trucks upgrading their diesel engines for natural gas which is quite simple and will become very common and cheap as the changes snowball.

Solar is just simply the best possible option in any sane person's mind. The sun delivers 7,700 zettajoules (ZJ) of energy to the Earth per year; of which half is absorbed by its surface components. Humans consume less than 0.48 zettajoules of energy per year. http://en.wikipedia.org/wiki/Image:Available_Energy-3.png

http://www.nanosolar.com/products.htm The guys making it feasible are in Ontario, CA. These guys beat out the iPhone for most innovative product of the year 2007. If you coat your roof with these wonderful panels you'll be getting checks from the power company every month for about double what you currently pay in. Current systems store 4KWH of juice for your house to run and perhaps charge your EV car. If you have 2 EVs you're going to need more than 4KWH capacity storage or charge your cars during daylight hours (not practical for most).

An interesting quote I read recently was it takes 660 pounds of coal to light your 100watt lightbulb for a year. That really pushed me over the edge. I think everyone has had enough with the no-talent-ass-clowns driving up oil prices, but this new concept of burning thousands of pounds of coal per year to keep us blogging is smacking us in the face despite prices. Sometimes it's a luxury to be stupid.

USDCHF still long

2008-07-01T12:02:00.001-07:00

We’re looking to take USDCHF long off the table sometime on July 3^rd. We think that is when consolidation will occur and an optimal exit will present itself. This trade has been plagued by oil and gold breaking highs. This trade is based on mean reversion of currency indices as they are easier to forecast than actual pairs. In the attached image anyone can see the CHF and USD currencies are at extremes. If I show you a historical chart of these indices you’ll quickly see that currencies do not stay at extremes for a long duration and they tend to move up and down for similar durations with similar angles.

You might think the purple currency on the bottom of the screen is ideal for appreciation but that is the CA dollar and it’s the most volatile currency on the index indicator. I’m watching it from the higher timeframes waiting for it to really hit bottom; then we’ll look to the hourly or 15minute indicator for likely entry against the most overbought currency. That should happen by July 10^th and I’m expecting EUR to be the currency we sell against the CA dollar. That trade might be a short EURCAD for 2 weeks duration when we confirm the entry.

Long USDCHF

2008-06-26T08:20:00.001-07:00

We are long USDCHF here at 1.0270 because we couldn’t get filled lower despite our charts going lower. Regardless it seems like a solid position and we’ll hold for a day or near close of Friday; tomorrow.

Catching falling daggers is not good for your health

2008-06-24T07:31:00.000-07:00

I know I know. Catching falling daggers is not good, but look at what we’re forming down here on S&P. It looks like we’re forming a bottom. If we can hold today’s low and move above 50% of yesterday the trend is dead and we should be looking to buy until we get near 1330. Then reassess. This might be the low of the year right here. If this is not the low of the year I would be looking for it in the next few weeks.

Who is the wickedest of them all?

2008-06-12T15:18:00.001-07:00

Take note of the grandstanding, political, self-interested icons who claimed oil was correctly priced during this never before seen rally in crude oil. These people were responsible for their own little rallies inside of this massive oil appreciation over the past two years. Since we know oil is incorrectly priced; and much higher than fundamentally acceptable, we are taking time to recognize some of the responsible public talking heads.

T. Boone Pickens has consistently talked up oil and attempted to scare consumers about China and India’s impact on world oil supply by saying oil will go much higher. Pickens stated several times oil is correctly priced and not manipulated. Pickens talked up oil while buying a 12 billion dollar wind farm. Wind generated energy is the most highly government subsidized green energy in the USA.
Goldman Sachs receives highest honors as rhetorical terrorist extraordinaire. Wild comments about $200 per barrel oil in the near term economy don’t help anyone sleep at night, drive to work or even hedge risk. These kinds of comments are purely terroristic to oil consumers and hedgers.
Warren Buffet has been known for talking up oil while holding significant energy positions. In Buffet’s defense he’s been an energy bull since long before the speculative run up.
Jim Rogers predicted the whole bull market in commodities which is highly commendable and fundamentally sound, but his rhetoric on CNBC and Bloomberg talking down the US dollar may have been in an effort to talk up oil; therefore despite my reluctance, Mr. Rogers is noted.
Jean-Claude Trichet ECB President has indirectly caused the largest rally in crude oil history on reckless comments he may hike rates in July 2008 killing the US dollar in the process and spiking crude oil. At this time it’s unknown if Trichet is trying to appreciate the euro to reduce the perceived high oil prices, or if he’s trying to place the euro as the default reserve currency of the world by dethroning the US dollar.
Bush. One word. One syllable. Bush simply supports high oil prices regardless of his rhetoric. He vowed to veto the Senate’s bill to stop SPR shipments, but was defeated with a veto proof Senate vote which did stop SPR shipments and seemed to pause the acceleration of oil prices. By continuing two simultaneous wars Bush has contributed more than all previous rhetorical terrorisers [sic] to the depreciation of the dollar and rapid appreciation of energy.

Please contact me with more public icons that defrauded us by talking up oil. The contact form on the right side of this blog can be used to email me your suggestions. Once we have a good base we’ll host a vote here to see who receives the rhetorical terrorist of oil reward. The winner will receive a plaque from this blog engraved with their name to immortalize their efforts in talking up and scaring consumers about oil prices and slowing world growth all in a selfish effort to profit from oil stocks, green energy, or commodities appreciation. After the number 1 terrorist is selected we’ll no doubt have cheaper crude trading on the NYMEX, and we can identify the honest public figure who tried to speak the truth against the terrorists.

What to make of the Fed's Strong Dollar policy

2008-06-09T15:51:00.000-07:00

All we have heard the past few months is how Hank Paulson wants a strong Dollar. As the boss of the cartel Hank tells Ben Bernanke and George Bush what to say and when to say it. GW has increase rhetoric lately to support a strong Dollar. It’s hard to believe the oil magnate wants a strong Dollar because his friends will take a pay cut on the back of Dollar appreciation. On the other side of the pond Jean Claude Trichet has been opposing the Fed consistently to prop his currency which he feels should be the reserve currency of the world. I don’t know; the Euro? Doesn’t have a global theme built into the name; first off, and furthermore it’s only 6 years old. Let’s let the grade schooler earn a diploma before we put our wealth in it.

Why does Trichet oppose the Fed? By talking up his Euro currency he lowers perceived inflation by the countries holding the Euro as their primary reserve. As the Euro strengthens it can buy more oil compared to Dollars or Pounds. What else is Trichet doing by opposing the Fed? He’s pressuring the Dollar and the Fed to hike rates. I don’t think he’s making a great case for this but it’s an angle he seems to be pressing. By increasing the value of the Euro he is indirectly hiking oil prices which the USA can’t afford so the Fed will be forced to hike rates to strengthen the Dollar rapidly which will drop the price of oil rather quickly to <$100/ barrel. If it’s so easy for the Fed to drop the price of oil why don’t they just do it? The Fed has friends and family in most major banks in the world. They just bought Bear Stearns through their other major US bank JPMorgan. The Fed prints the money these banks buy and then sell to you and me. Essentially the banks in the US have taken a huge hit in profits as the credit market has tightened and write offs plagued bottom lines. The idea now is to give bank friends and family cheap money until their coffers are filled. If bank friends and family don’t fill their coffers by September and the Fed hikes rates making money more expensive you and I will see tighter credit markets or at least as tight as they are now with much more expensive loans.

So we don’t really want the corruption extraordinaire Mr. Trichet talking up his Euro much more or the whole world minus Europe will feel the pain in the pocket book which is commonly in the back pocket hence pain in the butt.

fundamentally overpriced crude?

2008-05-20T08:55:00.001-07:00

Billionaire investor T. Boone Pickens made a self interested statement today commenting that oil is not being driven by speculators to over extended highs but rather it's following fundamentals. This comment made in the same interview where Pickens announces buying a 640 acre wind farm. Wind energy is the highest subsidized energy industry in the United States. The result of his comment was an immediate rally of crude through previous all time highs helping to ensure the need and fanaticism for alternative energy. If oil were to come down; the government would be hard pressed to subsidize the green industries as they have recently during the speculative rally in oil. Ethanol garners nearly 50 cents per gallon in subsidies. What does that mean to you? Rather than taxing E85 51 cents at the pump like the government does with gas and diesel the government is forced to subsidize the struggling industry with an added 43 cents to keep it competitive with fossil based products. Thus E85 should be about $1 more expensive than regular 87 octane gas if it were not subsidized out of your tax dollars.

Green energy is a great idea but the technology is not quite here. Let’s wait until the Google Venture Capitalized company ESolar releases their solar cells that will be embedded in roofing shingles and powerful enough to power a home 100% and pump energy back into the grid among other applications. We only have a year or two to wait for them. The wind energy is taking massive amounts of tax dollars to keep going and cost competitive with other energy sources.

A better alternative for the year 2008 would be to open refuges in coastal states to drill for crude. In my opinion it’s too late to start construction of nuclear power plants unless we expect to live without a Sun.

If it’s not too much to ask on this blog please write Mr. Pickens a letter thanking him for higher fuel prices whether you use natural gas or gasoline or diesel fuel he just made your day more expensive.

Read about T. Boone Pickens here:

http://www.bloomberg.com/apps/news?pid=20601087&sid=avA.9BkHdHb8&refer=home

Why Are Fanatics Usually Wrong?

2008-05-18T12:07:00.001-07:00

Forex Fundamental Concepts or Lack Thereof

Why are fanatics usually wrong? The last one I talked to was today about gold going to $5,000/oz. It’s interesting to dissect the psychology of the fanatic and use some common sense investigation to see who they are and how they come to their conclusions.

Who are fanatics? Fanatics are a group that gravitates toward the most awesome and outrageous claims. Fanatics followed the Anna Nicole Smith tragedy daily. They are the people supporting viewership of End of the World Discover Channel documentaries. Don’t get me wrong it’s important to extrapolate things to avoid “Black Swan” scenarios like the recent subprime meltdown. People should have been asking themselves; can real estate really keep growing this fast? What would happen if these overleveraged speculators went bust due to a real estate slow down? Is the subprime loan a tool created by the architects of the financial world to profit $500billion in a bubble explosion only they would see coming? The last question should really get your gears turning because for the most part I believe it’s true. Subprime loans should never have been allowed to grow at the rate they did. So we should ask the question; who monitors subprime mortgage loans for risk of upsetting the real estate market? Well the real estate market is a huge entity and the responsibility for monitoring something so large falls on the Federal Reserve as they loan and control credit to United States banks. Once banks loosened requirements to write more subprime loans the Federal Reserve should have stepped in to monitor and take action if necessary to slow the exposure to high risk instruments. There is a ludicrous argument circling that lays blame on consumers for the travesty. First let me ask; would you rely on trading advisor to keep your lawn green? Then why would you rely on high risk borrowers to make prudent decisions on mortgages? By the way my lawn is green and I am a trading advisor. I’m not saying you the reader expect these people to know what is going or to extrapolate the influence of high pressure sales and last minute modifications to mortgages. The proof is probably in the meteoric rise in predatory mortgage lawsuits. We’ve made a case for extrapolating relevant concepts to avoid what the financial world calls Black Swans or unexpected outcomes.

So how do fanatics come to their conclusions about the economy or commodity prices? Well I suppose they are helped by networks pumping fear into the public about potential economic turmoil and insanely high energy prices. I was watching CNBC mainly for humor’s sake this week when the reporter showed a 20 foot wide and 10 foot high display of gasoline prices steadily climbing. For theatrical effect he climbed into a scissor lift typically used by construction workers to work on things 20+ feet above the ground and he raised himself about 13 feet in the air to show us where gasoline prices “could” go by next year if they continue at their present unsustainable rate. He didn’t say unsustainable of course because that would calm the viewers down and they wouldn’t tell all their friends about the circus sideshow they watched on CNBC today showing $7+ gas prices in a year.

The impetus to fanaticize fuel prices might be supported by the fact that fuel can never be worth zero. A stock can become worth zero dollars if a company goes bankrupt but oil will always have some use and thus some value so I suppose these people find solace in their speculation that they can never be completely wrong. Ok that argument is weak. Perhaps they realize the world is growing and energy usage is growing while oil production is not growing. That would be a legitimate argument, but they don’t like that argument because then we would have an objective rate of growth and an idea of production to create a legitimate price. Fanatics find an analyst that talks about the economy in a way that pleases their emotions. If the fanatic craves conflict and disorganization; which could be defined as a chemical addiction based in hormones, he or she will gravitate toward the drug dealer or financial analyst that gives them their fix. If you’ve ever known someone who likes to fight a lot it’s most likely because they are addicted to the endorphins released during a fight. Like any addict they always need more until they are unbearable to be around despite social programming to dissuade such behavior. Well with financial fanatics it’s socially acceptable to speculate about economies being worth zero dollars or oil being worth $400 a barrel.

Why are they wrong so often? The market is mostly controlled by fear and greed. When a trend explodes to the upside greedy people pile on to profit. When a trend breaks down people sell fearing a collapse. Fanatics are the cap of a bull market because they don’t get the information about the new trend soon enough to profit. Fanatics are not good traders because they can’t trade for themselves. They have to listen to analysts. Near the end of the bull market analysts begin circus sideshows saying the market could go 50% higher in a short amount of time. They think since it’s going up it should always go up and so is how the fanatic makes investment decisions. The next time someone sits next to you saying oil is going to $400 a barrel and gold is going to $5,000 an ounce ask them if they know any rural Nebraska farmers that drive Mazeratis.

Here is the content of my post on ForexFactory:

Be reasonable when making speculative claims of $5,000/ounce. Think about it. Is there a global shortage of this substance? Does it follow fundamentals regarding supply? While at $300/oz was there enough gold in the world for everyone to buy an ounce? Would it make sense if the gold miners in Australia and Colorado became trillionaires in 3 years? I assume if gold hits $5,000 then soybeans must reach $60 a bushel? I'm not going to bring up oil because that causes a visceral reaction in the heads of the fanatical. Does it make sense that farmers would be driving Maseratis? Gold is a Dollar hedge so if the Dollar loses all faith/value then Gold would appreciate. Australian Dollars are about 80% tied to gold, so would Australian Dollars be worth $5 US Dollars? I suppose the question right now is; will the US Dollar gain value soon and bring commodity prices down? Jim Rogers said commodity bull market from 1999 to 2009. Jim said he's getting out in 2009. Notice he's been making a lot of appearances talking down US Dollars and talking up commodities and Asia near the end of his investment.
Just put a little perspective on things. I'm all for divesting portfolios, but gold is still a currency. It's a currency and it's money. Dollars are not money despite our common misconception. Gold has intrinsic value and is exchanged around the world as currency therefore is money. Dollars are fabric with no intrinsic value used to buy goods and services based on faith of a bank that prints them therefore they are currency. Fiat currency. If you think markets move according to crowds and psychology then gold should always be worth more than $1,000/oz. If you know there are entities that move the market and own the largest banks in the world (central banks) then you know prices mean very little as all the wealth in the world cannot be traded. Citi was the largest retail bank in the world last year. Citi was and is not owned by the people that own the world. Citi almost went bankrupt this year. The people that profited from subprime have to have an idiot to take the other side of their positions. Gold is less liquid than the mortgage market. Think about that. The US holds about $250billion in gold if we believe the tale they tell which is no longer audited for some reason. Subprime write downs are estimated to be worth $500billion and correct me but I think that's in the US alone and let me highlight that is losses only and not the whole market. Do you guys own real estate? Nothing is bigger than central banks and the people who profit off them.

News about Crude.

2008-05-16T04:18:00.001-07:00

From ADVN:

·In energy news overnight Venezuelan President Chavez says that oil markets are well supplied, noting that the country does not have plans to nationalize any more companies. Chavez added that Venezuela would like to continue selling oil to the US. The Wall Street Journal overnight looked at a plan that would give federal regulators oversight of energy markets. The measure is part of the farm bill that the Senate passed on Thursday. Traders cited the move to close the so-called Enron Loophole as a factor behind today's trading in energy markets. Under the government's plan, the CFTC will consider trading volumes and whether contracts are being used to establish a price reference for other contracts; The plan also requires traders to maintain audit trails by supplying reports on any large trades to the CFTC, imposes record-keeping requirements and forces electronic exchanges to monitor trading behavior and prevent manipulation. Lawmakers are also mulling proposals to increase margins on energy futures. The Enron Loophole bill does not give authority to regulators for oversight of foreign trading on US terminals The Wall Street Journal wrote overnight that oil refiners are starting to focus on diesel fuel production over gasoline. Goldman Sachs raised its 2H WTI oil price forecast to $141/barrel from $107/barrel

Jeff’s corner:

What scares me is that Goldman Sachs is still fanatical about oil prices after all that has happened in trying to flush out corruption and over leveraged speculation. Goldman Sachs holds more water than say Citi Group because Goldman Sachs is actually owned by the same people that own the Federal Reserve. (When the subprime meltdown occurred Goldman Sachs made billions while some of the largest banks in the world (that we know of as reported on paper) lost 10’s of billions. UBS is the second largest currency trader in the world and they lost 10’s of billions on subprime because they were not clued in because they are not owned by this group (Rothschilds, Rockefellers). JPMorgan made half a billion. These are the only two I’m aware of in the USA. JPMorgan is also mainly owned by the same group that owns central banks around the world. This is why I’m concerned.) Can Goldman hold the price of Crude up? No I don’t think so. Once panic hits I think they’ll take a beating for a few months as they restructure their risk models, but no doubt the end of the year they will be in the black.

When Goldman talks traders listen. Goldman has been saying these high oil prices for months. They do not have control of the Senate as witnessed by the blockage of the SPR insanity by a veto-proof vote in Senate this week. Now the signing of a bill that helps prevent over leveraged speculating; which is what got us in this mess to begin with, shows that Rothschilds don’t own everyone. Unfortunately there will always be hideouts in other countries that want to do business with trillionaires, so trading accounts will be opened in the Caymans and Switzerland etc. where positions are not reported and leverage is higher.

In the near term I think Senate did the right thing. Oil might chop around here as options expire, but next week we should see $15 drop. Once we see that drop there will be blood in the water; and panic moves the market faster than greed, so you’ll see a bloodbath on Wall Street. It makes trading harder for me too because global risk management software trades Crude next to Currencies as a hedge, so they will be drawing down and losing credit hand over fist which creates volatility as they margin out for 10’s of millions at a time. The market will pop and groan on their massive weight as it enjoys lower crude but takes hits on margin calls from Mid East and Wall Street speculators. I think everyone was right when they said volatility was at historic lows in first quarter 2007.

Forex fundamental breakdown. Crude.

Managed capital.

Forex Trade Calls. Forex Capital Management Calls.

2008-05-16T03:19:00.000-07:00

Forex Trade Calls. Capital Management Calls.

We are in a wild market. Carry currency pairs are disconnected from S&P which means global risk management systems are drawing down which means liquidity is scarce which lends to the downward spiral of volatility until something breaks the chain ie. a large news event that straightens the direction of the market and gets everyone on the same page.

Crude has been the driver of most of the disconnect from what I can see. Global risk systems play crude along with currencies as a hedge so when there are disconnects you can imagine large funds are drawing down as their risk models are blown apart. As they draw down they lose credit and so the downward volatility continues. So to restate the concept we are in a muddy time right now which I predict will be resolved during Housing Starts data released from the USA in a few hours. It’s kinda like the electric shock used to restart a fibrillated heart.

Forex Trade Calls London 11:30am.

www.midwesterncapital.com capital management

forex trade calls hourly breakdown

2008-05-14T23:25:00.001-07:00

FOREX trade calls startup hourly breakdown is very bearish for the day. A laundry list of news will keep traders guessing every hour today into the NY session. Fair prices after this meteoric rise are near the 50% retracement from Monday’s low to Wednesday’s high.

forex specific trading tools

2008-05-13T13:41:00.000-07:00

Do you need a trading log spreadsheet?

http://tradingspreadsheet.blogspot.com/

Forex analysis Crude oil fundamentals

2008-05-13T09:24:00.001-07:00

Holy Cow!

SPR is shut down until we see $75 a barrel. WHAT A COINCIDENCE?!!!!! I just posted my synopsis and I hear the Squawk box say Senate has passed the amendment veto proof to end the Bush madness of buying speculative oil. This is huge folks. Expect to see $116.80/barrel after today and expect to see $106 the following day and expect to see sub 100 the following day.

Forex trades and crude oil trades

2008-05-13T08:55:00.001-07:00

Crude at all time highs again. Who does this? When will the SPR get it through its thick skull that speculation is driving this market 100% and they are aiding and abedding the speculators. When SPR says we no longer honor this price of crude and will only buy at $60 barrel we’ll see a massive selloff in crude and you’ll see several Wall Street speculators blow up to the tune of 10’s of billions. Crude has been run up on speculation and a weak US Dollar. There is no merit in 100%+ higher oil prices in one year of rabid speculation. I’ll make a prediction now. Sooner or later; preferably sooner, we’re going to see someone do something about this and the crooks are going to get very angry while we watch oil prices gap down 30-50% overnight. This run up is not going to selloff slowly. My guess is dealing desks are seeing massive purchases of Crude Put Options right now trying to time the monumental landslide. Of course those standing next to the SPR might catch wind of the selloff before anyone and overleverage their margin accounts short Crude and stand to make 300% windfall profits in 12 hours.

Forex trade calls and crude oil fundamental analysis.

Forex trade calls GBPJPY long trade. Potential.

2008-05-13T08:13:00.001-07:00

It looks like we will be going long GBPJPY soon. Let’s allow a deeper pullback and a bottom formation in the candles before going long. I’ll most likely confirm with td line break. This might also end up being the end of our GBPCHF swing trade we made 2 weeks ago at the beginning of these blogs.

Forex trade calls blogs.

forex trade calls update USDJPY

2008-05-13T04:31:00.001-07:00

Beware of Bernanke Speech.

We will be closing ahead of the speech in less than an hour. Also watch the 5minute trendlines on the bottom side. If we break them short this trade is broken and we’ll flatten and wait until after news and Bernanke’s speech.

Forex trade calls USDJPY. Intraday forex scalping system

FOREX Trade Call. USDJPY long

2008-05-13T04:09:00.001-07:00

This is Forex intraday scalping system. Long at 103.84 on trendline break with momentum.

USDCHF bounce

2008-05-12T08:45:00.001-07:00

Buy the bounce at 24 area and scalp it.

The GBPJPY move today was very profitable. We grabbed pips on the first part of the move with a tight stoploss.

may 8th NY session update

2008-05-08T06:30:00.001-07:00

Crude at all time highs.

BoE very slightly hawkish.

ECB confused stating hawkish then dovish and talking way too much.

The way it’s playing out on Wall Street is bearish. We have a legit 15minute close below a td line so we can sell here with a tight stop. I’m always nervous about selling S&P during US session because the Plunge Protection Team at Goldman can eat our lunch if they want to. Mostly I think the market wants to digest these speeches from today as soon as Trichet is done dribbling gobbeldygook.

Update: Forex Trade Calls EURJPY daily chart.

Check out the second picture for the updated scenario. We are working out. It seems we have more upside before the upcoming selloff. Note: this upcoming selloff will be acompanied by S&P selloff.

Crude at highs?

2008-05-07T07:22:00.001-07:00

Looks to me like Crude is ready to sell off today or tomorrow. We’ve played out a daily ABC pattern perfectly and we’ve broke through a 1hr support vector. Bottom side support is around 112.50 next week.

110.50 is the objective and should be reached in <30 days.

The Carry Trade Conundrum and Fuzzy Fundamentals

2008-05-06T09:21:00.001-07:00

Automated inter-market systems rule the world. Banks are looking to hedge off their risk at all times as they profit from spreads paid by you, me, CTA’s and most of the hedge funds playing the markets.

Today we saw Canadian Manufacturing surprise strongly to the upside. This is the straw that broke the illiquid camel’s back. You have to understand that when the Canadian Dollar gets really strong it forces US Dollar weaker in initially then based on fundamentals US Dollar will move. It also buoys the US stock market as automated systems kick into high gear offsetting risk and flipping positions to go long Canadian Dollar, Long Carry trades like GBPJPY, Long Wall Street, Long commodities; all of which funded by the cheaper currencies from Switzerland and Japan. Consider the Canadian Dollar a currency of luxury that is not needed unless times are good and we can afford to splurge a little. Then also consider when economic news hits the wires that we are more wealthy than we previously knew there will be buying of diamonds, gold, oil, Canadian Dollars etc. That’s basically what happened today. The massive wealth hysteria was perpetrated by a technical formation on Wall Street that caused speculators to buy 15 minutes before the Canadian news release. Oil was poised to break historic highs which is like a magnet for the attention seeking Wall Street monster. So in the end we have massive speculation on technical formations and fuzzy fundamental news. It’s just another day on Wall Street.

I hope you survived it.

Confirm here

2008-05-05T13:12:00.001-07:00

We might see a big selloff soon. I’ll be focusing on breaking lows of GBPJPY around 206.45 with a stop at previous swing highs and a target at 205.94.

I would normally say SELL right here but this is the support area we were talking about previously

2008-05-05T11:26:00.001-07:00

This is the pre NFP gap support on USDJPY USDCHF we were talking about. So I’m done for the day and I’ll be back for London session at 7am their time. I think we could start at 6:30am London time tomorrow as a matter of fact.

Forex trade calls

Talk about a thin session in the forex markets.

2008-05-05T00:29:00.001-07:00

London is out on May Day Holiday and I see JPY will be out as well for Greenery Day. ForexFactory calendar is a convenient place to digest what’s going on day to day. Based on the conflicting 15minute trendline breaks I see it would be safer to return during US session to begin the week. When I take a 15minute trendline break I confirm with a correlated pair to increase my winning %. For the most part carries seem to be wandering North as they were in Asian session; however USDCHF is still moving down. In the images below I like to look to USDJPY USDCHF EURJPY GBPJPY GBPCHF to be in line moving the same direction and EURGBP to be moving opposite carries as a confirmation tool. For the most part I expect EURUSD and GBPUSD to confirm each other and EURUSD and USDCHF to inversely confirm each other. I’ll be back in 5 hours to trade the US session. We have a news event at 10am NY time that should bring liquidity and scalping to the forex market.

Sunday Warm up Image USDCHF USDJPY EURJPY GBPJPY

2008-05-04T17:03:00.001-07:00

Sunday warm up May 4th 2008

2008-05-04T17:02:00.001-07:00

Start your forex engines! Or commodity or futures. Whatever market you are trading. We’ll try to accommodate you.

Sunday evening in the US is when I start drawing my vector or trendlines. It’s really nice to delete all objects and start fresh from the weekly chart connecting significant highs and lows to form valid trendlines.

At this time gaps from the weekend are visible and attempting to be closed. At this time I see USDCHF has not closed its gap to the upside. We’ll look for that gap to close before making any trades, because if a gap is open there is uncertainty in the market. Since all pairs are related if we went short USDJPY on a trendline break the USDCHF gap might stop us out as it pulls up the USD just to close the gap. In the meantime carry pairs are wandering north waiting for direction/liquidity to enter the market.

We’ll be looking to enter the market around 8am London time to give the FOREX Capital of the world a chance to decide on a direction. Feel free to use my trendlines as support and resistance. Be sure to catch up on our scalping method at the Forex System Blog. Our main system is found on the Forex Trade Call and Fundamental site as well. Trade well.

1 minute scalp intro

2008-05-03T17:58:00.000-07:00

This is a very high frequency system and we don't like to call these on text. We prefer to use voice chats to call these entries and exits because it's very high speed. Over the course of an hour we could have 3 entries and exits. Typical trade times are under 10 minutes. First we look to the stochastics from the 5 minute 15 minute and 1 hour charts to see their direction. We always trade in the direction of the 5 and 15 minute stochastic. We identify the ABC pattern on the 1 minute chart and then draw an equidistant channel from the highs in an uptrend and place the parallel on the recent low. A break and close below the parallel is an entry short. We target ABC patterns for profit. These moves are very fast as you'll see in the video.

Video Intro To Our Group's Trading Style

2008-05-03T13:57:00.000-07:00

If you trade similar to this video let us know e.g., identify an ABC pattern then draw a trendline from its swing highs or lows and play the break. If I could quantify this system I would have no issues posting it here for everyone to follow. The statistics from brokers suggest if I shared this successful system; that pays my bills, >50% of you would still fail. It’s sad but true. I’ve seen it many times myself. Greed and fear control speculators. I’m not saying they control this market exclusively because no market is big enough to trade all the money in the world. There is not an instrument in this world that is liquid enough to accept 1 trillion dollars without being upset for more than a day. If you think there are no trillionaires in this world you are sheltered.

NewstraderFX Blog for fundamental analysis

2008-05-02T19:36:00.000-07:00

http://thenewstraderfx.blogspot.com/
NewstraderFX has proven himself time and again on the ForexFactory news threads.

Back to Work

2008-05-02T06:07:00.001-07:00

Trade calls time. If you want to follow us on some trade calls you can look me up here.
Thank you forexfactory for allowing my new friends to come play on the blogs.

NFP follow up

2008-05-02T05:49:00.000-07:00

So the prediction thing is better for entertainment. If you caught on to the hyperlinking I was doing you might understand how I came to my estimation. Our prediction was accurate for the manufacturing sector, but that was not our end goal. Regarding the components of the prediction the headline number is derived from manufacturing so that says something about the prediction being partially correct. Unfortunately the weak Dollar did not spur the manufacturing sector enough. You can see how the country goes through contraction and expansion by the historical jobs report. If any of you follow the same people I follow (the smart ones) then we should see the end of contraction in the next few months. If you follow the other school (the not so smart ones) you've already bought your bunkers and canned soup to last 5 years, but that 5 years is not long enough to avoid radiation poisoning so you better go back to the drawing board. I'm kidding. I like fanatics. I take money from them every day.

NFP warm up

2008-05-02T01:18:00.000-07:00

Everyone wants to know what NFP is going to say about the economy and how they can make money on the report. The most profitable time to know it is before the release, so I'll post my prediction based on a system I've learned using other economic indicators. It looks like the revision this month should be minimal and if anything positive. The headline number I expect will contract significantly. If the jobs report is 50k worse than expected we'll see a good move down of 100 pips on USDCHF but expect Monday to reverse the tone as the Dollar is in vogue again and bank traders have a more advanced risk management outlook than the unreliable BLS (bureau of labor statistics) (Jeff's definition of BLS acronym: Bureau of Lame Statistics or perhaps Laxed Statistics. We might even choose to omit the word Bureau every other month just to see if you're paying attention). To be honest the NFP report has lost nearly all its luster of past years. The once greatest report on Earth has dwindled in significance mainly due to the discovery by traders that BLS toys with the numbers enough to cause a 200 pip move in the EURUSD. The BLS regularly adds or subtracts 50k-100k in jobs on their monthly report. This concept seems ludacris when the country as a whole is expected to add 100k jobs per month during expansion. If my accountant randomly added 100% of my monthly income to my May income I would not be excited about taxes and I would fire my accountant. The governments of the world tend to disagree with my small town economics. They prefer a system riddled with fraud and payoffs but most importantly a system they can manipulate when they need to. Enough of my soap box on the subject. I expect NFP to show a depressing figure tomorrow but I do not expect that tone to carry for more than a day.
How do I trade NFP for profits; you ask? "The same way we trade every day, Pinky"
No, seriously...how should we trade for NFP profits? Visit the trade calls blog. Don't get mad at me I just work here.

Video 2 April 24th

2008-05-01T11:07:00.000-07:00

Sorry for the resolution. I've been working on getting a better format.

Our Trading Style and a Callout to Professional Traders Looking for a Trading Room.

2008-05-01T08:35:00.000-07:00

This is an intro to how we trade on the 15min EURJPY. Mainly what we do is look for ABC patterns and draw trendlines then wait for a close on the other side of the trendline to enter. We will also play a bounce if the ABC is playing out on top of the upcoming trendline. We're looking for a few professional traders to join our free, closed group to monitor multiple forex pairs. We'll monitor S&P and Gold only as a proxy to the FOREX market.

John Kanzius Radio Waves Burn Salt Water. Cure Cancer.

2008-04-30T06:32:00.000-07:00

This is just flat out amazing. This guy is a model American. This device can burn salt water by a means of Radio Wave Electrolysis. This has huge implications for automotive or simply fossil fuel consumption. Previous to this invention we were going to be forced to use distilled water to charge our hydrogen fuel cells which would have been much more expensive and prohibitive to the advancement of hydrogen fuel cells.

FOREX Trade Calls Based on Volatility Appetite

2008-04-29T07:28:00.000-07:00

US Equities such as the S&P500 known as the "Broader Index" correlate well with our FOREX cross rates involving the Japanese Yen and Swiss Franc. We'll take just a minute to explain how the world turns using these two popular funding currencies with respect to our trade calls made @ FOREX TRADE CALLS BLOG.
The Yen and Franc both have a low overnight lending rate which means their currencies are cheap to borrow. If a speculative trader is interested in buying an instrument such as oil or gold it would be wise to buy that oil or gold using a cheap currency rather than an expensive one. Expensive currencies could be considered currencies with greater than 5% overnight lending rate such as the Aussie Dollar, New Zealand Dollar or Great British Pound. All of which are over 5% and cost much more to borrow than Yen or Francs. If we look closer to the Yen and Franc we see one could buy Aussie Dollars with Japanese Yens and enjoy a positive interest trade which would make money daily on the overnight interest differential. If the interest differential at the time is Yen at 0.5% overnight lending rate vs the Aussie currency at 7.25% overnight lending rate; the effective gain is 6.75% per year. When you are trading millions of dollars or pounds per click this adds up very fast and can put a dent in profits or could produce windfall profits for your specific trading system. The term to describe buying and holding Aussie Yen is "The Carry Trade". This implies buying a high yeilding currency and simultaneously selling or borrowing a low yeilding currency. Many people focus only on currencies for this strategy when it actually works with commodities as well. When banks and hedge funds around the world feel the markets are a safe place to speculate on appreciating commodities or currencies they will sell the Yen or Franc and buy the appreciating currencies or commodities.
Be sure to visit our other blog for intrady trade calls.

2008-04-28T13:06:00.001-07:00

Watch the latest videos on YouTube.com

Forex scalps and high frequency trade calls

2008-04-28T10:44:00.001-07:00

We'll be posting high frequency trade calls on a more aptly named blog. If you are interested to follow along please subscribe to this; Forex Trade Calls Blog.

Currenex vs Lava FX

2008-04-28T10:15:00.000-07:00

These spreads are almost comical. This is what many people consider tight spreads. Our group traded on Currenex until today. We've been very successful with these wide, ridiculous spreads even during scalping, so we are excited to get this new feed online that will aggregate Lava, Hotspotfxi, Currenex, and FX Inside aka Integral with a proprietary platform that aggregates best bid best offer.

Amazing spreads at Integral, Inside FX vs MBTrading

2008-04-28T09:19:00.000-07:00

These are the best spreads I've seen on one platform. In this video you will see MBTrading compared in real time with real prices to Integral otherwise known as FX Inside from our broker. Most people come here from ForexFactory and we thank them for that.

Forecast GBPCHF

2008-04-23T09:27:00.000-07:00

This trade is potentially worth 2440 pips.

None of my trades are trade advice.

Forecast USDCHF through May 15th 2008

2008-04-23T08:19:00.000-07:00

Feast your eyes. I'll be taking profits when the price is hit or when the date is hit whichever comes first.

Aussie hike or cut

2008-04-23T06:19:00.001-07:00

What is Aussie going to do about inflation if their economy begins to contract?
We must ask ourselves a couple questions in order to arrive at a sensible answer.
1. What is the future state of the Aussie economy?
2. What is the future of global inflation?
3. What impact will Aussie currency fluctuation have on it's exports?

Short answers:
1. The Aussie economy will begin contracting any time now as defaults pile up and banks contract credit. If you know anyone from Australia they might tell you about the wild balloon mortgages and foolish overlending going on there that is typically a harbinger of impending credit contraction.
2. Global inflation is starting to cool. Absent another war we'll see oil retrace a large % of it's recent assent. (The USA is presently in two wars.)
3. If Aussie decides to raise interest rates to stave off inflation its exports will suffer and push the economy into a recession.

First post

2008-04-22T10:52:00.000-07:00

This blog will focus on the truth behind the publicly accepted guise of financial markets and track the progress of my trading activities in over the counter forex and futures markets.
ForexFactory trendline thread.

Please excuse our mess as we organize our template and fill in the blanks during our inaugural period.

Forex Trade Calls Blog.

free forex trade calls, fundamental analysis forex, forex trendlines, forex abc patterns, fundamental analysis, fx, pips, pip, forex pivot points, trade forex, free forex system, trading system, eurusd system, scalping system, intraday scalping system