How did the sugar trade work out as a short?
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How did the sugar trade work out as a short?
it was profitable thanks Steve but in hindsight I should have held it longer... I was a little overleveraged to be honest so banked things too soon.
Peat, how would you rate the book so far in terms of application?
Steve - I am still enthusiastic about its strategies even if it wouldnt be unfair to criticise it from a a writing perspective. I have no regrets about buying it.
I've done a lot of research and reading over the last few years and of course fibonacci was there lurking but this is the first book that makes me think I can use it successfully. Note that I'm not necessarily succeeding at using it yet but I seem to have grasped the tool a lot more convincingly in my head from reading it.
I'm seeing turning points at various fib levels in so many graphs. Even the NZD (which they say is not a good technical trade) and admittedly is killing me a bit at the moment appears to conform.
No system will ever be perfect. So much is dependent on entry rules , stop levels, emotional containment etc....
http://img139.imageshack.us/img139/8007/slamaf3.png
Hi Peat,saw your "U" comment on the other thread,yep some ok u's there,we are looking at much the same thing just from a different angle.
Using the KISS system there was a simple trend line trade on the third daily candle on both these pairs.
Cheers
Miner
Hi All
Its party time.......
Broadband has now been connected (at great expense).............
(Yeah Telecom stuffed up again, and I had to get a computer nerd to sort it out).
Anyway...a few xtras for you.........
News items for this week.
04-30-07 8:30am et USD Core PCE Price Index m/m
05-01-07 10:00am et USD ISM Manufacturing Index
05-02-07 8:15am et USD ADP Nonfarm Employment Change
05-03-07 8:30am et USD Nonfarm Productivity q/q (p)
05-03-07 9:30pm et AUD RBA Monetary Policy Statement
05-04-07 8:30am et USD Nonfarm Employment Change
GTA -arco
Good your back Arco[8D].
Cheers
Miner
Hi Miner
Thanks......(trust all is good with you my friend, and the forex gods are looking kindly upon your a/c).
Its been hard (as the bishop said to the actress), ...........
but all those phone calls and countless arguments with many mindless employees at TC eventually resulted in a 'port' becoming mysteriously available. (I cant even hope to explain how loud do you really have to scream to get something happening).
All I can say is - keep bothering TC, and get yerself a case number so that you dont have to repeat the same story 1000 times.
arco - speeding along at 11.00 mbps - at last :D
do you really get 11 MB/s thats faaast.
From Jyske Bank
Yesterday we saw the CPI from US to be
lower than expected. The sluggish economy
is helping to tame inflationary pressures
and brings forward the most likely
time for a cut in rates. The interest rate
differential should move in favour of
Europe and drive European currencies
higher.
Today’s key events
• 10:30, Jobless claims, GBP
• 10:30, Unemployment rate, GBP
• 11:00, CPI, EUR
• 14:30, Housing starts, USD
• 15:15, Industrial output, USD
• 17:00, Fed’s Kohn speaks