Wednesday, December 19, 2007
1st trade on fx
entered on dec 18 @ 2045 hoursMistake:
1) SAR is at bottom
2) There is no indication i should have went into trade at all.
3) Though it seems like its going to go down, i should have used the 2nd candle on the daily chart to go in, instead of banking on the master one.
4) The SMA 6 did not cross the SMA 23
5) It was banking more on gambling rather than TA.
6) Fibo shows nothing.
7) Market Opening and Closing time.
These are hell lots of reason not to trade leh...
What i Didnt know (poggified):
1) For daily scalping, need to change to 15M, and H1.
2) Not familiar with Candle patterns.
3) Not sure how to place S/L and T/P
4) Market Opening and Closing
Why i won this trade (FTW):
1) Luck.
2) (RTTNews) - In the early deals on Wednesday, the US dollar staged a sharp surge against its major counterparts. At about 2:05 am ET, the dollar fetched 1.4388 against the euro, 2.0092 versus the sterling and 1.1553 against the franc.
3) I realised my mistake and change to the respective charts.
4) Woke up and found SAR bot, SMA6 cross SMA 23
5) Nice big Bear Candle.
i stayed in the trade and see if i could hit the 50pips gains....
the longer i stayed, the more i see fibo forming. with indicators all running smoothly... this is getting more and more exhilirating. its the thrill of watching your studies and prediction coming into place!
END RESULT
wanna show pics and charts. but this layout sucks and i got no photoshop...
profits: USD448(50 pips)
Trade Rating : 1/5
Learnings : 4/5
Maybe i should set another blog for my trading journal....
Friday, December 14, 2007
how financial professionals view women
Got this from another forum...A young and pretty lady posted this on a popular forum,
Title: What should I do to marry a rich guy?
I'm going to be honest of what I'm going to say here. I'm 25 this year. I'm very pretty, have style and good taste. I wish to marry a guy with $500k annual salary or above. You might say that I'm greedy, but an annual salary of $1M is considered only as middle class in NewYork. My requirement is not high. Is there anyone in this forum who has an income of $500k annual salary? Are you all married? I wanted to ask: what should I do to marry rich persons like you? Among those I've dated, the richest is $250k annual income, and it seems that this is my upper limit. If someone is going to move into high cost residential area on the west of New York City Garden (?), $250k annual income is not enough.
I'm here humbly to ask a few questions:
1) Where do most rich bachelors hang out? (Please list down the names and addresses of bars, restaurant, gym)
2) Which age group should I target?
3) Why most wives of the riches is only average-looking? I've met a few girls who doesn't have looks and are not interesting, but they are able to marry rich guys
4) How do you decide who can be your wife, and who can only be your girlfriend? (my target now is to get married)
-Ms. Pretty-
~*~*~*~*~*~*~*~*~*~*~*~*
Here's a reply from a Wall Street Financial guy:
Dear Ms. Pretty,
I have read your post with great interest. Guess there are lots of girls out there who have similar questions like yours. Please allow me to analyze your situation as a professional investor. My annual incomeis more than $500k, which meets your requirement, so I hope everyone believes that I'm not wasting time here.
From the standpoint of a business person, it is a bad decision to marry you. The answer is very simple, so let me explain. Put the details aside, what you're trying to do is an exchange of "beauty" and"money": Person A provides beauty, and Person B pays for it, fair and square. However, there's a deadly problem here, your beauty will fade, but my money will not be gone without any good reason. The fact is, my income might increase from year to year, but you can't be prettier year after year. Hence from the viewpoint of economics, I am an appreciation asset, and you are a depreciation asset. It's not just normal depreciation, but exponential depreciation. If that is your only asset, your value will be much worried 10 years later.
By the terms we use in Wall Street, every trading has a position, dating with you is also a "trading position". If the trade value dropped we will sell it and it is not a good idea to keep it for longterm & same goes with the marriage that you wanted. It might be cruel to say this, but in order to make a wiser decision any assets with great depreciation value will be sold or "leased". Anyone with over $500k annual income is not a fool; we would only date you, but will not marry you. I would advice that you forget looking for any clues to marry a rich guy. And by the way, you could make yourself to become a rich person with $500k annual income. This has better chance than finding a rich fool.
Hope this reply helps. If you are interested in "leasing" services, do contact me.
signed,
J.P. Morgan
pwned...