Good Thoughts, good trades, good Life
Tuesday, March 25, 2008
Monday, March 24, 2008
friendship chain
Thanks to Joanne and butchay for the tag! Ü
~~Begin Copy~~ I have randomly selected other bloggers below to be tagged and I hope that you will similarly publish this post in your blog. You will have to add your link in the end of the list and tag other bloggers and just keep adding on to the list. (Do not replace, just keep on adding Tag others . This is the easy way and the fastest way to
1. Make your Authority Technorati explode.
2. Increase your Google Page Rank fast.
3. Get more traffic to your blog.
4. Makes more new friends.
5. Build your community
Rules :1. Start copy from “Begin Copy” until “End Copy” to your blog. (for bloggers paste on the "compose" not the "edit html" part in posting blogs so it will be linked automatically).
2. Put your own blog name and link.
3. Tag your friends as much as you can.
1. Picturing of Life 2. Juliana’s Site,a 3. Hazel-My Life, My Hope, My Future. 4. Jeanne-The Callalily Space 5.My Family is my Life 6. The Simple Life of a Baghag 7. On A Wonderful Day Like Today 8. House Everything, a 9. The Creativity in Me 10. Travel and Photography 11. Yesterday, Today and Tomorrow 12. Nora’s Notes 13. Noras Family Treasures 14. Fil-Oz Blog 15. What A World 16. More on Health 17. Everyday Life 18.Pinaywifespeaks 19. Pinaywife Atbp. 20. Laugh Out Loud 21. Life’s Lessons 22. Kerslyn’s Comfort Zone23. Borski and Nai 24. M A R I K I T, 25. Jan April, 26. Random Thoughts 27.the long journey of my life 28. Life's Journey, 29. Wonderful Life, 30. Gen's Palace, 31. Moments I Treasure, 32. Trails N Life, 33. Life Has Began, 34. Simply Amazing, 35. Amazing Life, 36 Sorrounded Everything, 37. Alot To Offer, 38. Travel Blog, 39. Fascinating Life, 40. Blogger Spider Man, 41. Creative in Me 42. Little Peanut 43. Me and Mine 44. Sugar Magnolias-45. Clark & Butchay's Blog 46. Me, Myself and I ; 47. coffeenchoclate; 48 YOUR NEXT-
--End Copy--
I'm tagging blessie, bunnie, dexie, divine, doc joey, jown, leah, CA tque, lisa, malyn, michelle, praveen, sheng, thet, venu, huseyin
~~Begin Copy~~ I have randomly selected other bloggers below to be tagged and I hope that you will similarly publish this post in your blog. You will have to add your link in the end of the list and tag other bloggers and just keep adding on to the list. (Do not replace, just keep on adding Tag others . This is the easy way and the fastest way to
1. Make your Authority Technorati explode.
2. Increase your Google Page Rank fast.
3. Get more traffic to your blog.
4. Makes more new friends.
5. Build your community
Rules :1. Start copy from “Begin Copy” until “End Copy” to your blog. (for bloggers paste on the "compose" not the "edit html" part in posting blogs so it will be linked automatically).
2. Put your own blog name and link.
3. Tag your friends as much as you can.
1. Picturing of Life 2. Juliana’s Site,a 3. Hazel-My Life, My Hope, My Future. 4. Jeanne-The Callalily Space 5.My Family is my Life 6. The Simple Life of a Baghag 7. On A Wonderful Day Like Today 8. House Everything, a 9. The Creativity in Me 10. Travel and Photography 11. Yesterday, Today and Tomorrow 12. Nora’s Notes 13. Noras Family Treasures 14. Fil-Oz Blog 15. What A World 16. More on Health 17. Everyday Life 18.Pinaywifespeaks 19. Pinaywife Atbp. 20. Laugh Out Loud 21. Life’s Lessons 22. Kerslyn’s Comfort Zone23. Borski and Nai 24. M A R I K I T, 25. Jan April, 26. Random Thoughts 27.the long journey of my life 28. Life's Journey, 29. Wonderful Life, 30. Gen's Palace, 31. Moments I Treasure, 32. Trails N Life, 33. Life Has Began, 34. Simply Amazing, 35. Amazing Life, 36 Sorrounded Everything, 37. Alot To Offer, 38. Travel Blog, 39. Fascinating Life, 40. Blogger Spider Man, 41. Creative in Me 42. Little Peanut 43. Me and Mine 44. Sugar Magnolias-45. Clark & Butchay's Blog 46. Me, Myself and I ; 47. coffeenchoclate; 48 YOUR NEXT-
--End Copy--
I'm tagging blessie, bunnie, dexie, divine, doc joey, jown, leah, CA tque, lisa, malyn, michelle, praveen, sheng, thet, venu, huseyin
Tuesday, March 18, 2008
Oil Comment
This technical summary as for the seventh consecutive day we have made new all time highs and this market is showing no signs of relenting. With all of the moving averages pointing upwards and the current short term bull trend still in tact, the chart is showing no obvious signs of weakness. The 9 day moving average at $105.03 is still expected to be a key support indicator, beware this is over $2.50 dollars below current trading levels.
The moving averages and short, medium and long term trends all remain bullish.
Support: $105.56 (low of 13th March) Resistance: $110.00
Support: $105.03 (9 day moving average) Resistance: $109.00
Support: $102.29 (high of 03/03/08) Resistance: $108.02 (all time high)
Summary:
In terms of oil it seems at the moment that “no news is bad news”. The potential slowdown in demand due to the impending credit crunch appears to be sending even more fund and speculative capital into this market. A month or so ago news of a major US bank (such as Bear Stearns)in trouble would have sent oil hurtling downwards, but oil still seems to be negatively correlated to the stock markets. The weak dollar (not helped by the overnight rate cut) is still a major focus and continues to bring in fresh buy orders. Fridays rally showed us that shorts were very uncomfortable to run these positions over the weekend and the speculative players are certainly seeing more danger to the upside.
Saturday, March 15, 2008
Top 10 Mistakes Traders Make
Achieving success in forex trading requires avoiding numerous pitfalls as much, or more, than it does seeking out and executing winning trades. In fact, most professional traders will tell you that it's not any specific trading methodologies that make traders successful, but instead it's the overall rules to which those traders strictly adhere that keep them "in the game" long enough to achieve success.
Following are 10 of the more prevalent mistakes I believe traders make in forex trading. This list is in no particular order of importance.
1. Failure to have a trading plan in place before a trade is executed. A trader with no specific plan of action in place upon entry into a trade does not know, among other things, when or where he or she will exit the trade, or about how much money may be made or lost. Traders with no pre-determined trading plan are flying by the seat of their pants, and that's usually a recipe for a "crash and burn."
2. Inadequate trading assets or improper money management. It does not take a fortune to trade forex markets with success. Traders with less than $5,000 in their trading accounts can and do trade forex successfully. And, traders with $50,000 or more in their trading accounts can and do lose it all in a heartbeat. Part of trading success boils down to proper money management and not gunning for those highly risky "home-run" type trades that involve too much trading capital at one time.
3. Expectations that are too high, too soon. Beginning forex traders that expect to quit their "day job" and make a good living trading forex in their first few years of trading are usually disappointed. You don't become a successful doctor or lawyer or business owner in the first couple years of the practice. It takes hard work and perseverance to achieve success in any field of endeavor--and trading forex is no different. Forex trading is not the easy, "get-rich-quick" scheme that a few unsavory characters make it out to be.
4. Failure to use protective stops. Using protective buy stops or sell stops upon entering a trade provide a trader with a good idea of about how much money he or she is risking on that particular trade, should it turn out to be a loser. Protective stops are a good money-management tool, but are not perfect. There are no perfect money-management tools in forex trading.
5. Lack of "patience" and "discipline." While these two virtues are over-worked and very often mentioned when determining what unsuccessful traders lack, not many will argue with their merits. Indeed. Don't trade just for the sake of trading or just because you haven't traded for a while. Let those very good trading "set-ups" come to you, and then act upon them in a prudent way. The market will do what the market wants to do--and nobody can force the market's hand.
6. Trading against the trend--or trying to pick tops and bottoms in markets. It's human nature to want to buy low and sell high (or sell high and buy low for short-side traders). Unfortunately, that's not at all a proven means of making profits in forex trading. Top pickers and bottom-pickers usually are trading against the trend, which is a major mistake.
7. Letting losing positions ride too long. Most successful traders will not sit on a losing position very long at all. They'll set a tight protective stop, and if it's hit they'll take their losses (usually minimal) and then move on to the next potential trading set up. Traders who sit on a losing trade, "hoping" that the market will soon turn around in their favor, are usually doomed.
8. "Over-trading." Trading too many markets at one time is a mistake--especially if you are racking up losses. If trading losses are piling up, it's time to cut back on trading, even though there is the temptation to make more trades to recover the recently lost trading assets. It takes keen focus and concentration to be a successful forex trader. Having "too many irons in the fire" at one time is a mistake.
9. Failure to accept complete responsibility for your own actions. When you have a losing trade or are in a losing streak, don't blame your broker or someone else. You are the one who is responsible for your own success or failure in trading. You make the trading decisions. If you feel you are not in firm control of your own trading, then why do you feel that way? You should make immediate changes that put you in firm control of your own trading destiny.
10. Not getting a bigger-picture perspective on a market. One can look at a daily bar chart and get a shorter-term perspective on a market trend. But a look at the longer-term weekly or monthly chart for that same market can reveal a completely different perspective. It is prudent to examine longer-term charts, for that bigger-picture perspective, when contemplating a trade.
Following are 10 of the more prevalent mistakes I believe traders make in forex trading. This list is in no particular order of importance.
1. Failure to have a trading plan in place before a trade is executed. A trader with no specific plan of action in place upon entry into a trade does not know, among other things, when or where he or she will exit the trade, or about how much money may be made or lost. Traders with no pre-determined trading plan are flying by the seat of their pants, and that's usually a recipe for a "crash and burn."
2. Inadequate trading assets or improper money management. It does not take a fortune to trade forex markets with success. Traders with less than $5,000 in their trading accounts can and do trade forex successfully. And, traders with $50,000 or more in their trading accounts can and do lose it all in a heartbeat. Part of trading success boils down to proper money management and not gunning for those highly risky "home-run" type trades that involve too much trading capital at one time.
3. Expectations that are too high, too soon. Beginning forex traders that expect to quit their "day job" and make a good living trading forex in their first few years of trading are usually disappointed. You don't become a successful doctor or lawyer or business owner in the first couple years of the practice. It takes hard work and perseverance to achieve success in any field of endeavor--and trading forex is no different. Forex trading is not the easy, "get-rich-quick" scheme that a few unsavory characters make it out to be.
4. Failure to use protective stops. Using protective buy stops or sell stops upon entering a trade provide a trader with a good idea of about how much money he or she is risking on that particular trade, should it turn out to be a loser. Protective stops are a good money-management tool, but are not perfect. There are no perfect money-management tools in forex trading.
5. Lack of "patience" and "discipline." While these two virtues are over-worked and very often mentioned when determining what unsuccessful traders lack, not many will argue with their merits. Indeed. Don't trade just for the sake of trading or just because you haven't traded for a while. Let those very good trading "set-ups" come to you, and then act upon them in a prudent way. The market will do what the market wants to do--and nobody can force the market's hand.
6. Trading against the trend--or trying to pick tops and bottoms in markets. It's human nature to want to buy low and sell high (or sell high and buy low for short-side traders). Unfortunately, that's not at all a proven means of making profits in forex trading. Top pickers and bottom-pickers usually are trading against the trend, which is a major mistake.
7. Letting losing positions ride too long. Most successful traders will not sit on a losing position very long at all. They'll set a tight protective stop, and if it's hit they'll take their losses (usually minimal) and then move on to the next potential trading set up. Traders who sit on a losing trade, "hoping" that the market will soon turn around in their favor, are usually doomed.
8. "Over-trading." Trading too many markets at one time is a mistake--especially if you are racking up losses. If trading losses are piling up, it's time to cut back on trading, even though there is the temptation to make more trades to recover the recently lost trading assets. It takes keen focus and concentration to be a successful forex trader. Having "too many irons in the fire" at one time is a mistake.
9. Failure to accept complete responsibility for your own actions. When you have a losing trade or are in a losing streak, don't blame your broker or someone else. You are the one who is responsible for your own success or failure in trading. You make the trading decisions. If you feel you are not in firm control of your own trading, then why do you feel that way? You should make immediate changes that put you in firm control of your own trading destiny.
10. Not getting a bigger-picture perspective on a market. One can look at a daily bar chart and get a shorter-term perspective on a market trend. But a look at the longer-term weekly or monthly chart for that same market can reveal a completely different perspective. It is prudent to examine longer-term charts, for that bigger-picture perspective, when contemplating a trade.
Friday, March 14, 2008
absentee blogger
for the tags that I haven't posted yet, bare with me, our yaya (nanny) went on awol for one week now, then the other helper went for a day-off and hopefully would be able to find a replacement. aside from my daughters needs, with work all piled up, even have to help my hubby for the renovation of the office, *sigh* hopefully when the helper comes back, she has a replacement already. badly needed ASAP!
Wednesday, March 12, 2008
Message in a bottle
Got this from Vivek. Thanks for this! My message is:
Here are the rules:You are about to send a virtual Message In a Bottle across the Blog Ocean. Leave a message in the sand or on the bottle. Write anything you wish. Be a pirate or a poet. Serious or silly. Anonymous or not. What message would you like to send out to the universe?Message In A Bottle Meme: 1. Compose a message to place in your virtual bottle. 2. Right click and SAVE the blank graphic below
3. Use a graphics program of your choice to place the message on the picture.
4. Post the Message In a Bottle meme and your creation on your blog along with these rules.
5. Tag a minimum of 5 bloggers - or your entire blogroll - to do the same.Notify them of the tag.
I am tagging the following bloggers: praveen, mama, rover, venu, huseyin .Your virtual bottle will remain afloat in the blogosphere ocean for all blogernity (That’s a Mimism for blog + eternity.)
Here are the rules:You are about to send a virtual Message In a Bottle across the Blog Ocean. Leave a message in the sand or on the bottle. Write anything you wish. Be a pirate or a poet. Serious or silly. Anonymous or not. What message would you like to send out to the universe?Message In A Bottle Meme: 1. Compose a message to place in your virtual bottle. 2. Right click and SAVE the blank graphic below
3. Use a graphics program of your choice to place the message on the picture.
4. Post the Message In a Bottle meme and your creation on your blog along with these rules.
5. Tag a minimum of 5 bloggers - or your entire blogroll - to do the same.Notify them of the tag.
I am tagging the following bloggers: praveen, mama, rover, venu, huseyin .Your virtual bottle will remain afloat in the blogosphere ocean for all blogernity (That’s a Mimism for blog + eternity.)
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