$usd
What has been working
The shorter hold times have served well the last few weeks. I didn't have time to update my position page yesterday, as I was in and out many times throughout the day. The only items traded are the same I've mentioned repeatedly...
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Good day trading
The impending "deal" (some deal!) in Washington is providing decent day trade opportunities, without the overnight headline risk. I'll continue to trade the most liquid vehicles...
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It's not what you trade, it's HOW you trade that makes the difference
Readers know I haven't been comfortable being long stocks for over a year. That said, I've managed to make money being long equities the last few days. It's important to note that success has nothing to do with what I traded, but how I traded...
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Another day
Stocks are getting smashed again this morning. After reviewing my recent trades, I am comfortable that I executed properly and according to my system. However, I do have one regret. The one theme I have believed in most (lower equities) has been working...
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Stops got hit, and so did our computers!
Trading has been very challenging. I wrote a week or two ago, that when long term trends start to change, my results are their worst. This time has been no different, as I'm experiencing the worst streak of 2008 for me. The bottom line is that stops...
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When the facts come out
Americans and their creditors should be irate once the "facts" come out on FNM and FRE. Just weeks ago the CEO's assured the markets they were adequately capitalized, now they are being forced against their wishes to hand over the keys...
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3 considerations
After being one of the first websites/blogs to spot the FNM/FRE takeover by Uncle Sam here, I've decided to let others write about the bailout specifics. Suffice it to say, this is nothing more than an attempt to get investors...
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Trading clarity
My recent "adjustment" in my outlook for the $USD is a function of the breakout on the charts. This event causes me to temper my bearish bets, although I still take bets against the dollar...
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Stocks vs. Bonds
Typically there is an inverse relationship between stocks and bonds, as a result of being competing asset classes. When they trade in then same direction, it's a cue that something larger is occurring under the surface. The good news is that things usually return to "normal" before too long...
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Week of August 11, 2008
Account equity has been bouncing around, from a new high on Thursday, to a decent size pullback on Friday. The give and take in my trading continues, but I've managed some gains through proper position sizing and relative weakness plays...
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Quickie
It's Friday, and things are pretty well set for me. The only "issue" is the $USD screaming higher, right through well established resistance levels. I took my shot going long DGP (Gold) and I might get stopped out today...
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Buckle up!
I prefer to have confirmation in various groups, indexes, and world markets before initiating new positions, but that's not always possible. I'm currently adding to my equities (short financials and looking to add real estate), as well as accumulating...
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The time is here
Of course I cannot know for sure if this is the bottom in commodities, and or the top in stocks, but I'm comfortable taking a stand here. As I often discuss, almost all asset classes are linked. For the past couple years, the JPY (yen) and the $CRB have been reliable indicators...
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How to trade on either side on any market
There is a big difference between trading and economic analysis. My thoughts on the economy, the $USD, the national debt, and the credit contraction are somewhat gloomy...
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Quick update (Silver and Gold)
I'll make this a quick update, as not much has changed since yesterday. I did start to buy into the SLV and DGP etfs (Silver and Gold), but with very small size. I acted as a result of relative strength in commodities, even though the $USD was up sharply...
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