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Mysticforex
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Everything posted by Mysticforex
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Satellite Internet Access and Trading
Mysticforex replied to jpennybags's topic in Tools of the Trade
"I suppose that once you've reached that place... internet connections are of little concern. It would be cool." Yeah, now I worry about Huricanes. Mystic CT is at Sea Level. On the road into to the marina there are Evacuation Route signs. All the arrows point in the opposite direction. We are about 2.5 miles up the Mystic River, about 7 miles from the open Atlantic. I can't believe we survived "Sandy". Oh well, I guess that's why God created Insurance -
Came across this, thought it was cute: The tune has been a favorite among Wall Streeters for years — but took on a bizarre tone yesterday as traders e-mailed the song to one another just hours after the feds indicted Rajaratnam, 52, on charges of insider trading. In the song, the rappers — who identify themselves as Jesse James and Cleveland D — say they went to Galleon’s Midtown headquarters to see what all the fuss was about. Once there, people at Galleon claimed they “trade stocks and we do it well, our first trade was 100,000 warrants of Intel. “That was when we had 300 million [dollars] — but now we manage 5 billion [dollars].” A Galleon spokesman did not return a call seeking comment. Bustin’ rhymes Lyrics from the Galleon rap song “It’s the good ship Galleon, when Wall Street has a rally on. When traders trade, everyone in the place gets paid. Make money, money. Make money, money.” “If you know Galleon, everything is groovy because these guys are out of a movie . . . Raj and Chris, their stocks don’t miss, they could have co- starred in ‘Analyze This’!” “He said, ‘We trade stocks, and we do it well, our first trade was 100,000 warrants of Intel. That was when we had 300 million — but now we manage 5 billion.’” “When the market flopped, they knew it would dip, that’s why they call it the good ship.”
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Satellite Internet Access and Trading
Mysticforex replied to jpennybags's topic in Tools of the Trade
Ha ha, yeah I know. My 865cc Triumph is getting heavier and heavier. My wife and I fantasize about doing the Land Yacht thing. When we were younger, several years in a row we would rent a small motor home and drive up to Watkins Glen for the F1 races. It was a blast. -
Satellite Internet Access and Trading
Mysticforex replied to jpennybags's topic in Tools of the Trade
Only when tied to a dock, this way I had the marina wi fi as backup. I traded down to a 36 ft trawler from a 42 ft Sail. There was a fellow a few slips down at the end of the dock. He had a 110 ft. Motor yacht. In the parking lot he and his wife had "His and Her" Aston Martin DB9s. He told me he made all his money trading coffee. ( your mention of James Bond reminded me of the cars ). BTW. You may want to consider a backup generator. I don't know about Kansas, but here in Upstate NY it snows a lot which means a lot of power outages. -
Satellite Internet Access and Trading
Mysticforex replied to jpennybags's topic in Tools of the Trade
I have satellite on my boat ( mounted on a gyroscope to compensate for pitch and yaw), and at a rural home. Both work well except during very heavy rain, or if the dish gets covered with snow. P.S. Congrats on getting out of the city. -
Today the RBNZ backed away from committing to a rate hike at the next meeting in March while the Fed stood firm and tapered another 10 Billion maintaining its tightening stance. That suggests that risk currencies such as the kiwi may be in for a correction as trader temper their expectations. It is no surprise why RBNZ held back today. With EM crisis exploding and its currency still at very high levels the last thing the New Zealand monetary authorities want to do is push the unit even higher. Meanwhile cable has been holding up very well and despite repeated dovish commentary from Governor Carney, the market is convinced that the BoE will raise rates ahead of the Fed.
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--------------------------------------------------------------------------------------------------------------------------------------- GBP/NZD is within reach of the yearly highs and a break above the 2.0300 level puts the pair on path towards 2.0500 while 2.000 now offers solid support.
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Oanda's Order Book. 1/29/2014 08:11 EST
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Both the Fed and the ECB have embraced near zero interest rates all be it Draghi resisted because of the German restraint. The Fed, compared to the ECB, has been far more aggressive in increasing the money a supply. Through quantitative easing the Fed has supplied bankers and friends there of, an abundance of cash, for successfully inflating the value of certain assets. Then the momentum players join the party and the additional cash injection creates demand for the asset de jour.
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Ammeo, Here in the States we know the unrest in the Ukraine began when the President canceled an EU trade deal. I havn't been able to find out much about the nature, size, or scope of the canceled deal. Do you think it will have any impact on the EU economy ?
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-------------------------------------------------------------------------------------------------------------------------------------- Oanda Order Book. 1/28/14 08:12 EST:
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Other AUD & NZD Pair Discussions (GBPNZD, EURAUD, AUDCAD Etc.)
Mysticforex replied to TL Staff's topic in Forex
GBP/AUD Some S&R possible swing trades: Place GBP/AUD Sell order at 1.8687 Stop @ 1.8787 Close half @ 1.8637, move stop to 1.8687 Close rest @ 1.8587 Place GBP/AUD Buy Order at 1.9227 Stop @ 1.9127 Close half @ 1.9277, move stop to 1.9227 Close rest @ 1.9327 When one opens, cancel the other. -
In the midst of Friday's market confusion, the Fed will meet next week and provide guidance for the unwashed masses. A sideline feature of this meeting will be Chairman Bernanke passing the leadership baton to Lady Yellen. The market's worry is the future rate of reduction of bond buying known as QE3. A more important issue might be the negative results of the zero interest policies. An ample supply of free money turns an army of savers into speculators. An interesting article by Charles Hugh Smith is a good read: "The elimination of low-risk interest income in favor of risky speculative credit/asset bubbles has led to a monumental misallocation of capital and the institutionalization of perverse and highly corrosive incentives".
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I didn't see a system, just a performance blog ( spam ). so I deleted the link.
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Introduce Yourself Here - Don't Be Shy!!
Mysticforex replied to trading4life's topic in Beginners Forum
Sorry I can't help you with programming, but Welcome to Traderslaboratory. -
-------------------------------------------------------------------------------------------------------------------------------------- Current Order Book at Oanda
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Agree 100%. but the problem is a lot of people are drawn to it as a get "Rich Quick" scheme. It is a Craft ( I was going to say trade, but that would be like a play on words), that must be studied and honed.
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Sorry to get off topic here, but there is a lot of truth in what you say. A friend of mine recently showed me his spreadsheets. Exact same method but 3 different target approaches. 1. had a 60/60 TP and S/l, another had a 30/30 TP and S/L, and the last had a 15/15 TP/SL. The best was a combination of all 3 depending on market conditions ie: trending, ranging, and before a news event.
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There are a number of Eurozone economic reports scheduled for release this week including the German ZEW surveys and Flash PMIs. If there is any surprise weakness in Eurozone data, the sell-off in EUR could drive EUR/JPY below 140, which is a very important support level. We know that ECB President Draghi is concerned about the outlook for the Eurozone economy. The last time they met, they made no mention of the improvements in Germany. If 140 is broken, there is no major support until the 138 handle.
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This is really meant to be a "Mindset" or in the Psychology Thread, but I was not sure if any beginners would see it there. I am hoping other experienced traders will weigh in with a tip or two. Never trade when you are sick, tired, or in an emotional funk. Always, always, always use a stop. Don't stress about trades you missed. You can't lose what you never had.