Jim Roger's Interview

If you guys have been following Jim Rogers closely over this crisis, I thought this may be an interesting one for you.

Recommended Video

This video may last for more than 3 hours in total, but I hope you can finish them all, it will be meaningful.

Money as Debt

Hi all,

Great day.

The 5-part video below is an educational program for your information. It elaborates on how we have reached this stage in the financial system, I hope all this is informative for your reference.

Part 1

Part 2

Part 3

Part 4

Part 5

All positions exited

All positions exited at 1.3738.

Going for a jog. 

Cheers

Targeting 20,000 Eur/Usd for 1.3740

Hi all,

My exit target for 20,000 Eur/Usd will be 1.3740, and stops are at 1.3641.

I made a comparison between several brokers (I do not wanna name them) throughout this period, and found that most widely advertised brokers widened their spreads drastically (even up to 20 pips at times) for most major currencies, if you are ever keen on trying out a broker that maintains eur/usd consistently at 2/3 pips and gbp at 4/5 pips only, I would urge you to try out Forexyard. 

If you would like to find out more, Click here: Forexyard

Exit 30,000 Eur/Usd at 1.3675

Exit 30,000 Eur/Usd at 1.3675. Remainder 20,000 stops shifted to entry at 1.3641.

Good trades

Long 50,000 Eur/Usd @ 1.3640

Hi all,

I am long 50,000 Eur/Usd at 1.3640. Stops are placed @ 1.3610. Target for first 30,000 to exit at 1.3670.

Good trades!

Breakeven Stops Activated

Seems like the primary trend still remain doubtful. Let's see if we can ride any trends further tomorrow then. We are all square for tonight.

Cheers.

GBP/USD Stops Adjustment

Stops are adjusted to breakeven at 1.7405.

GBP/USD exit and Re-entry

GBP/USD stopped out at breakeven for the previous position. 

Re-entered long GBP/USD at 1.7404. Stops at 1.7385.

Good trades.

Long 50,000 GBP @ 1.7420

Hi mates,

I am long 50,000 GBP/USD at 1.7420. Stops at Breakeven 1.7421.

Good trades.

All order exited

All orders exited. Will be right back

Took 30,000 partial profit @ 1.7580

30,000 Partial profit taken at 1.7580

Stops Shifted to Breakeven

Stops are currently shifted to Breakeven @ 1.7526.

Long 50,000 GBP/USD at 1.7525

Hi all,

I am long GBP/USD at 1.7525. Stops will be placed at 1.7496.

Good trades...

Jim Cramer's View Post Bailout

I thought this might be an interesting view for people who are still on the stock markets.

Evaluation On My Bad Trading Streak

The last week has been another challenging moment for me, where I had encountered multiple setbacks in my trading. And yes, it was a challenging moment for me throughout the week, and in addition, it felt even worse when I knew I was making such lousy calls on the market. This experience has indeed humbled me a great deal, and I do hope I could share some experience of this short evaluation that I had done up over the weekend:

1. Allow the market to show its hand,  especially when it trade sideways.
2. Look out for the more liquid markets, as their volumes remains fairly thick even though volatility remains high. (e.g Eur/Usd)
3. See not trading as making money, instead of seeing it as 'not making money being the same as losing money', where to wait is not a waste of time.
4. Leverage should be greatly reduced, and stops should be widened to allow you a chance to allow your trade to work out. And that will greatly help the trader psychologically.
5. Stops must be used. In such volatile markets, there is nothing like denial (my GBP/JPY long). Admit that the trend has changed and continue with your next view. In addition, I have exited my GBP/JPY trade at 185.86. It has been painful, but I saw the rewards right after that. 

The above should suffice for the moment, and I am glad I have improved further on my trading by blogging. Over the next few days, I will be continuing to post my trades on the blog again. And for the moment, I am now left with no single opened position in the market, and all old positions have been closed.

Cheers.  

Hitler On the Bailout

Hitler strikes back on the bailout

Hitler's Having Another Margin Call

Some thrashing out this weekend

Hi all,

It's been a challenging week for me in trading. I will be going through some improvements over the weekend to thrash out the glitches on my trading system. Here's a small strip for your enjoyment. Have a great weekend.