Greetings again....
something important coming up tomorrow and that is the Interest Rate decisions from the Bank of England and the European Central Bank...
Well we expect the ECB to hold rates but what will be interesting is what Trichet has to say......dam i wish I knew French or what ever the hell he baffs outa his mouth......The Euro Zone hates these levels on the Euro......whats more they hate the fact that the Feds indifference towards the weaker dollar.......lets see what he says tomorrow........it will I think create some volatility.....so what out for some crazy price action.....
That is if u survive the BOE situation at 7am EST!!.....I mean ECB is nice and steady...u can pretty much predict their action...now the BOE is completely different.....they are more unpredictable than my ex-girl friends.......I don;'t know if they know what they are going to do until its done............They are expected to keep rates where it is...but again...who knows....bottom line...i love it....can give some beautiful trades!!!!!!!!!!
Ciao ciao for now
Wednesday, March 5, 2008
Monday, March 3, 2008
Hey folks its another month....time flies when u are drunk...
Just saw an analyst come on CNBC and say Berkshire Hathaway is "overvalued"!!!....... Geez its times like these I wish I went to Harvard like those pricks.......I mean A share yes....that s ONE share in Berkshire costs....only like US $ 136 400........yea that s not a typing error......actually when I first saw the company price it was around 84 000 a share....wow...its gone up!!!!!!!!!!!!!!!!...
See I always found it funny that all these analyst talk about warren buffet "picking" stocks......actually the great man himself will tell u ....he can't pick stocks for toffee....actually...a money with a dart can probably pick stocks the same as Buffet....BUT BUT BUT and its a BIG BUT...( And I aint talking Rosie O Donnell kinda Butt!!) is that Warren Buffet is the Best Money Manager/Risk Manager to walk the earth........that s why his shares are WAAAAAYYYYY up there...and his bank account is every wWAAAAAYYY higher up there....
Anyways back to the Forex world....
Had some goooooddd trades in going short the Swiss Franc.....beauty actually...
Then there was the GBP/YEN which gapped down....mothers at the bucket shop was a bit titsy on letting the profits get realised slipped about 30 pips...but when there is a 140 pip move...U can give away 30 pips right!!!!
Big day today...retail sales from Aussie land and more interestingly the interest rate statement....I d be long the AUD buy on the rumor sell on the fact situation...
Canada's GDP was -.7% for last month....ouch.....ouch ouch....I think the BOC should have cut .50% last month to stimulate the growth but heck...did they listen to me!!!!!.......lets sees what they do tomorrow...
Just saw an analyst come on CNBC and say Berkshire Hathaway is "overvalued"!!!....... Geez its times like these I wish I went to Harvard like those pricks.......I mean A share yes....that s ONE share in Berkshire costs....only like US $ 136 400........yea that s not a typing error......actually when I first saw the company price it was around 84 000 a share....wow...its gone up!!!!!!!!!!!!!!!!...
See I always found it funny that all these analyst talk about warren buffet "picking" stocks......actually the great man himself will tell u ....he can't pick stocks for toffee....actually...a money with a dart can probably pick stocks the same as Buffet....BUT BUT BUT and its a BIG BUT...( And I aint talking Rosie O Donnell kinda Butt!!) is that Warren Buffet is the Best Money Manager/Risk Manager to walk the earth........that s why his shares are WAAAAAYYYYY up there...and his bank account is every wWAAAAAYYY higher up there....
Anyways back to the Forex world....
Had some goooooddd trades in going short the Swiss Franc.....beauty actually...
Then there was the GBP/YEN which gapped down....mothers at the bucket shop was a bit titsy on letting the profits get realised slipped about 30 pips...but when there is a 140 pip move...U can give away 30 pips right!!!!
Big day today...retail sales from Aussie land and more interestingly the interest rate statement....I d be long the AUD buy on the rumor sell on the fact situation...
Canada's GDP was -.7% for last month....ouch.....ouch ouch....I think the BOC should have cut .50% last month to stimulate the growth but heck...did they listen to me!!!!!.......lets sees what they do tomorrow...
Friday, February 29, 2008
Yo folks...nice day...and its Friday!!!
Yesterday started with the NZ trade balance.....I ve been short the NZ so I just added to the position when I saw the set up...its was nice......this morning it was nicer!!!!
Well early in the Japanese session the Yen started gaining massively....so we expected the Stock market to melt as well.....well 1.5 hours to go and so far it has dropped in 3 digits....either way the GBP/Yen gave us about a 100 pip trade....I actually only risked around 80 for that so it was really nice...
Then there was a bit of a GBP/US counter trend trade I took partial profits on before getting drunk....set the rest to break even and let it run...well turned out the stop was a bit too tight...but shit happens....it could be worse it could be better.....
In "other" news.....SL won against Australia a cricket match....typical they reach their peak when the tournament is over!!!!!!!!!!
Anyways it is March and guess what that means.......Formula 1 starts soon!!!! hehehe.....
Yesterday started with the NZ trade balance.....I ve been short the NZ so I just added to the position when I saw the set up...its was nice......this morning it was nicer!!!!
Well early in the Japanese session the Yen started gaining massively....so we expected the Stock market to melt as well.....well 1.5 hours to go and so far it has dropped in 3 digits....either way the GBP/Yen gave us about a 100 pip trade....I actually only risked around 80 for that so it was really nice...
Then there was a bit of a GBP/US counter trend trade I took partial profits on before getting drunk....set the rest to break even and let it run...well turned out the stop was a bit too tight...but shit happens....it could be worse it could be better.....
In "other" news.....SL won against Australia a cricket match....typical they reach their peak when the tournament is over!!!!!!!!!!
Anyways it is March and guess what that means.......Formula 1 starts soon!!!! hehehe.....
Thursday, February 28, 2008
hey folks...
Been busy dreaming of a woman in white....so haven't posted...
Writing this while watching Ben testify in front of Congress on the economy. I haven't really paid attention...coz TBS is showing Without a Paddle which is one funny movie....apparently filmed in New Zealand....nice!!!
EIther way markets seem not to like today's testimony......I m seeing a sell off on Wall St. So I d close all the dollar bearish trades coz I see the yen gaining against the dollar....the funny thing when the Yen gains strength is that the Dollar gains against the Euro and the Pound...funny as in why does than happen.....the reality is...i don't really care....but the important thing in terms of making money is...when the Yen gains against the dollar.......the dollar gains against the Pound and Euro.....I think its something to do with the highly speculative traders (like me self!!!) love to borrow yen and buy Pounds...so when the stocks go down its risk aversion....then you need to buy back those yen positions.....that s the mechanics of the situ...
Man the Aussie and Kiwi Dollars are looking good aren't they? THe aussie dollar is around the 94 mark and the NZ too at low 80s....I know the RBNZ doesn't like the higher levels wonder what their thinking is...
Lets wait and see.....
I see the US congress seems to be pre-occupied with alternative energy uses...i always wondered why this is...i mean sure the US doesn't control oil prices....the market does...but still i mean its not like the US "depends" on the Middle East for its oil.....most of US Oil imports comes from Canada and Mexico extracted by US companies....hardly a hostile situation!!!!!......well i always said oil prices at 100.....I can finally go into one of these drying up hummer dealers write a Check for 30% of the sticker price and tell them " I ll return tomorrow for my check back or my Hummer!!!!".......if oil remains at these levels...trust me...they keep my check!!!!!...as for filling up the tank.....no I m not worried......I drive about 2KM a year
Thats it for now!!!
Been busy dreaming of a woman in white....so haven't posted...
Writing this while watching Ben testify in front of Congress on the economy. I haven't really paid attention...coz TBS is showing Without a Paddle which is one funny movie....apparently filmed in New Zealand....nice!!!
EIther way markets seem not to like today's testimony......I m seeing a sell off on Wall St. So I d close all the dollar bearish trades coz I see the yen gaining against the dollar....the funny thing when the Yen gains strength is that the Dollar gains against the Euro and the Pound...funny as in why does than happen.....the reality is...i don't really care....but the important thing in terms of making money is...when the Yen gains against the dollar.......the dollar gains against the Pound and Euro.....I think its something to do with the highly speculative traders (like me self!!!) love to borrow yen and buy Pounds...so when the stocks go down its risk aversion....then you need to buy back those yen positions.....that s the mechanics of the situ...
Man the Aussie and Kiwi Dollars are looking good aren't they? THe aussie dollar is around the 94 mark and the NZ too at low 80s....I know the RBNZ doesn't like the higher levels wonder what their thinking is...
Lets wait and see.....
I see the US congress seems to be pre-occupied with alternative energy uses...i always wondered why this is...i mean sure the US doesn't control oil prices....the market does...but still i mean its not like the US "depends" on the Middle East for its oil.....most of US Oil imports comes from Canada and Mexico extracted by US companies....hardly a hostile situation!!!!!......well i always said oil prices at 100.....I can finally go into one of these drying up hummer dealers write a Check for 30% of the sticker price and tell them " I ll return tomorrow for my check back or my Hummer!!!!".......if oil remains at these levels...trust me...they keep my check!!!!!...as for filling up the tank.....no I m not worried......I drive about 2KM a year
Thats it for now!!!
Tuesday, February 26, 2008
Hey hey...its Tuesday....
Well...I m actually losing track of days let alone dates...so well...that could be a good thing then again....it may not...
Wow what a day in planet Forex!!!......The Euro took off like a rocket....it climbed up during the UK session and was sitting at some interesting points....US PPI came in at lower than expected...so I went long...the charts looked good......but boy did I not expect that....I thought it would test the 1.50 level during the week...not with in the session!!! anyways....anyways I doubt really the breach was on heavy volume coz of the time it did...but lets wait and see if its sustainable.......actually I think it was the GBP that led the way in the jolly march up...coz I look back and it appears a GBP long was taken way before the long on the EUR...so heck either way...blockbuster day.....in the EURO and the GPB......
CAD too had a very heavy day down.....I must say I hate to see the CAD gain strength coz everytime it comes close for me to go over there the bloody CAD gains.......of course there is a bigger reason for that as well....Canada's economy is heavily dependent on the US...its actually intertwined at the hip!!!......it exports most of its things across the border....60% of Canada's population is within 160KMs of the US border.......mmmmm...u think in these circumstances the Canadian dollar needs to be a bit weaker than the current levels.....I mean look at it this way...at parity....hollywood can say...heck we don't need to go to Toronto to film a movie about New York..lets film in New York.....so yea...all in all a stronger Canadian dollar is not in the interest of Canada....funny enough........The one thing Canada will always have to balance is with the high oil prices is the boom in Canada's economy....which invariably means....higher inflation.....which means higher interest rates....which mean......stronger currency!!!! what to do what to do...i pity the BOC..but heck thats what they are paid to do right!!!!!!
As for the US dollar...well....I always say...and people never agree with me..but f it I couldn't care....A weaker dollar in the short term is somewhat helpful to the US economy.....and the only reason I say this is........Every person in Europe wants to shop in the US!!! right? Plus the US exports a lot of services? ....it has a potential to somewhat offset the imbalance created by the lower value of the dollar...SHORT TERM....what the effects will be long term....i dunno...I can't think past friday nite...so I m the wrong person!!!......so in a funny way I think the US economy kinda hedges it self against nasty downturns ....its pretty dynamic in that way....but I m sure there are 1500 books over there that can say I m talking rubbish..but u know what....couldn't care less...
The question on everyone's lips these days......are we in a recession? Ask me that and I ll ask u a question...why would you care? knowing the answer is not gonna make us money.....trading what the market offers is gonna make us money......Jesse Livermore made his first killing in the market in a depression!!!!!.....remember....being bullish or bearish will NEVER make u money...being on the right side....that will make you money!!!..
Cheers and have a beer
Yours truly,
Countless Einstein
Well...I m actually losing track of days let alone dates...so well...that could be a good thing then again....it may not...
Wow what a day in planet Forex!!!......The Euro took off like a rocket....it climbed up during the UK session and was sitting at some interesting points....US PPI came in at lower than expected...so I went long...the charts looked good......but boy did I not expect that....I thought it would test the 1.50 level during the week...not with in the session!!! anyways....anyways I doubt really the breach was on heavy volume coz of the time it did...but lets wait and see if its sustainable.......actually I think it was the GBP that led the way in the jolly march up...coz I look back and it appears a GBP long was taken way before the long on the EUR...so heck either way...blockbuster day.....in the EURO and the GPB......
CAD too had a very heavy day down.....I must say I hate to see the CAD gain strength coz everytime it comes close for me to go over there the bloody CAD gains.......of course there is a bigger reason for that as well....Canada's economy is heavily dependent on the US...its actually intertwined at the hip!!!......it exports most of its things across the border....60% of Canada's population is within 160KMs of the US border.......mmmmm...u think in these circumstances the Canadian dollar needs to be a bit weaker than the current levels.....I mean look at it this way...at parity....hollywood can say...heck we don't need to go to Toronto to film a movie about New York..lets film in New York.....so yea...all in all a stronger Canadian dollar is not in the interest of Canada....funny enough........The one thing Canada will always have to balance is with the high oil prices is the boom in Canada's economy....which invariably means....higher inflation.....which means higher interest rates....which mean......stronger currency!!!! what to do what to do...i pity the BOC..but heck thats what they are paid to do right!!!!!!
As for the US dollar...well....I always say...and people never agree with me..but f it I couldn't care....A weaker dollar in the short term is somewhat helpful to the US economy.....and the only reason I say this is........Every person in Europe wants to shop in the US!!! right? Plus the US exports a lot of services? ....it has a potential to somewhat offset the imbalance created by the lower value of the dollar...SHORT TERM....what the effects will be long term....i dunno...I can't think past friday nite...so I m the wrong person!!!......so in a funny way I think the US economy kinda hedges it self against nasty downturns ....its pretty dynamic in that way....but I m sure there are 1500 books over there that can say I m talking rubbish..but u know what....couldn't care less...
The question on everyone's lips these days......are we in a recession? Ask me that and I ll ask u a question...why would you care? knowing the answer is not gonna make us money.....trading what the market offers is gonna make us money......Jesse Livermore made his first killing in the market in a depression!!!!!.....remember....being bullish or bearish will NEVER make u money...being on the right side....that will make you money!!!..
Cheers and have a beer
Yours truly,
Countless Einstein
Monday, February 25, 2008
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