Trades 9/26/2008

No more trades this week until the Bankers Welfare Program is approved by congress. There are still some republicans in congress that are willing to go against the socialist George Bush. BTW JP Morgan gets bigger and bigger. Just like in the great depression. No surprise there? It took me all week to get out of that GBP/USD trade without a loss. For sure it was due to the crazy swings caused by the US governments new welfare program.

Who received the most donations from Freddie and Fannie?

Who received the most donations from Freddie and Fannie?

Click to find out.


http://pfds.opensecrets.org/092408.html

Obama

Check out this link about Obama's financial advisor.

http://www.wnd.com/index.php?fa=PAGE.view&pageId=75998

Financial Aid

What is happening with the financial aid from the government is nothing more than what happened when the banks consolidated in 1929. That was an orchestrated event, just like this one is. The only question I have is where is my money?

Also, have no doubt that the timing of this was to ensure that Obama would get elected. Why? Because if taxes are raised (and they will under Obama) that enables the big banks to get more money from the masses. When the Federal Reserve prints money we (the taxpayers) have to pay interest to them. To make matters worse inflation skyrockets because every time they print a dollar the value of money goes down because it is not backed to anything of value. Bottom line is that with Obama the big bankers will have more productive sheeple.

FYI

Obama's top financial advisors ran Fannie and Freddie and guess what, both made millions. The truth is McCain introduced legislation that would have prevented many of these questionable loans from being made. Of course the liberal democrats (Obama and Biden) prevented it because it would have prevented minorities from getting loans.

I don't know about you, but to me I don't care what color your skin is, if you can't afford the loans you should not get them. I am sure that Obama's judgment was clear and was not influenced by the men that are now his financial advisors. Right.

Vote for McCain. It is the lesser of two evils. Obama and the Big Bankers.


Click on the following links:

http://en.wikipedia.org/wiki/Panic_of_1873

http://www.youtube.com/watch?v=SjUrib_Gh0Y

Trades 9/22/2008

I hope everyone made a lot of money. I made a the Euro trade.

So the trades for tonight go as follows.

Buy EUR/USD at 1.4830 take 25 points

(Note: If you are a long term trader then you have made over 400 pips so far on this trade.)

Sell USD/CHF at 1.0720 take 25 points

Buy GBP/USD at 1.8595 take 40 points

Buy AUD/USD at .8470 take 20 points

Buy EUR/JPY at 156.45 take 30 points

Buy AUD/JPY at 89.86 take 20 points

Buy GBP/JPY at 196.50 take 50 points

Note: All of these trades are long term trades also.

Trades 9/21/2008

Current Recommendations

Buy EUR/USD
Sell USD/CHF
Buy GBP/USD
Buy AUD/USD
Buy EUR/JPY
Buy AUD/JPY
Buy GBP/JPY


Thats it for now.

Trades 9/18/8

Buy EUR/USD 1.4460 exit at 1.4490
Sell USD/CHF 1.0919 exit at 1.0889
Buy GBP/USD 1.8274 exit at 1.8314
Buy GBP/JPY 192.03 exit at 192.50

Trades 9/16/8

The EUR/JPY and AUD/JPY trades would have worked well, but they were not initially executed due to the orders expiring. My broker only uses day order. I eventually was able to enter EUR/JPY but was not able to exit because my profit order expired prior to my exit price being hit. I mention this as an example of being careful.

Trades 9/15/2008

Sell AUD/JPY at 84.07 take profit at 83.60
Sell EUR/JPY at 147.51 take profit at147.03

Trades 9/14/2008

No trades as of yet. The GBP/USD and the GBP/JPY will most likely be buy orders soon. We will see tomorrow morning.

Lehman Brothers

As you all know Lehman Brothers is in big trouble. It's going to get worse since Barclays pull out of negotiations to bail them out.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aNMh_8NRE6QM&refer=worldwide

Palin says that Obama will regret not picking Hilliary

Palin says that Obama will regret not picking Hilliary. She is right.

Here is the link for the article.

http://abcnews.go.com/Politics/Vote2008/story?id=5778018&page=1


Another link. The media bias is incredible. FYI Obama supporters. I registered to vote today with the help of one of your paid voter registration drives. Unfortunately for you I will vote for McCain. Why? I vote with my pocketbook and Obama is nothing more than a socialist. He lives in a mansion himself (with assistance from a criminal he helped with legislation), but wants the common people (us) to live under the government's benevolent hands. No thank you.


http://www.upi.com/news/issueoftheday/2008/09/12/ABCs_Gibson_grilled_Palin_hard_but_it_may_backfire/UPI-81241221234472/

Trades 9/14/2008

Currently there are not recommended trades. The markets are changing most likely due to the effects of Hurricane Ike in the Gulf of Mexico. Once oil production is back to normal, most likely we will see a resumption of the previous trends.

Trades 9/10/2008

The last trade worked very well (EUR/JPY).

$ 6.06 profit


$ 78.77 profit or 78.77% ROI since August 4. Starting equity was $ 100.00

Why the Fannie Mae and Freddie Mac Bailout will not work

I found an interesting story about why the bailout won't work

http://www.cnbc.com/id/26603489

Another Obama Post

http://blogs.wsj.com/washwire/2008/09/09/obama-attacks-gop-tickets-mantra-of-change/

Obama

I know this post is out of the realm of this blog, but I just could not resist.

I guess Sarah Palin is a "PIG"

Obama had a shot at getting elected as long as he kept his mouth shut.

He is an empty suit and people are starting to see it.

Click on this link to read about it or go to the drudgereport.

http://blogs.abcnews.com/politicalpunch/2008/09/obama-says-mc-1.html

Trades 9/9/2008

I entered in Sell EUR/JPY at 150.94


Still not too late to get in.

Trades 9/8/2008

As mentioned in the previous post the following trades actually hit.

EUR/USD $4.00 (minus commission)
AUD/USD $3.30 (minus commission)

Total $ 72.21 or 72.21% ROI

Trades 9/7/2008

EUR/USD Sell at 1.4229
AUD/USD Sell at 81.88
AUD/JPY Sell at 86.52


The market is weird today. Probably due to the US Govt taking over Fannie Mae and Freddie Mac and another bank failure. These orders may not be filled.

9/6/2008

The trades from 9/4/2008 worked out great.

Another $ 6.30


$ 63.91 or 63.91% in 5 weeks!

Trades 9/4/2008

Sell AUD/USD 81.35
Sell AUD/JPY 86.75
Sell GBP/JPY 187.28

Trades 9/4/2008

Buy USD/CHF at 1.154

Trades 9/3/2008

I closed out all trades last night.
Sell EUR/USD $ 22.30
Buy USD/CHF $ 9.99
Sell GBP/USD - $ 0.70

$ 31.59 Profit this week

$ 57.61 total profit or 57.61% ROI

Oil Prices

I just have to get this off my chest once and for all. Oil prices are high because of the falling dollar. Oil is pegged to the dollar and the current monetary policy of the federal reserve (interest rates below the level of inflation) has caused the price of oil to rise. Speculators simply saw an opportunity to make money (that's what they do). There is an abundance of oil in the United States (Shale in the plains states and Alaska) that should be used to break our dependence on foreign oil, not as a means of lowering prices. The obvious solution to the price is to raise interest rates so that the dollar has value. Ideally, this should have been done a couple years ago when we were not in a depression. High interest rates will equal low oil prices.

Trades 9/2/2008

Open Trades

Sell EUR/USD
Buy USD/CHF

Trades 9/1/2008

Sell EUR/USD
Buy USD/CHF

Note: These are price contingent orders and may not be executed.