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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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Qingyu
manchester, UK
Posts: 1763
12 years ago
Mar 11, 2013 19:05
my chart told me 2 different storys, one is correction overdue, one is charge to 1700 this yr.

no clue on fundi, china sound like in hot money problem again, and contract import not good either. but this should be good for jap/korean/taiwan/...
Qingyu
manchester, UK
Posts: 1763
12 years ago
Mar 11, 2013 12:53
FT China News ?@ftchina

Shanghai embroiled in dead pig mysteryhttp://on.ft.com/XCLWwy

LOL
Qingyu
manchester, UK
Posts: 1763
12 years ago
Mar 8, 2013 19:09
china record March temp, 22.1 in beijing, 30 in south. dry or flood or both. :(
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Mar 6, 2013 12:50
In reply to cat0nip's post
My version says first published in GB in 2013.

I have only read the introduction foreword by Michael Woolfolk. It is the trading "challenge" of FX he puts into perfect perspective. I have not yet read the content by the authors so you slightly misquote me :-) I want to better understand fundamental and CB influences upon currencies but Woolfolk warns that such are seldom helpful for shorter term FX trading. I am commenting prematurely until I have read the full content.
cat0nip
Frankfurt, Germany
Posts: 1632
12 years ago
Mar 6, 2013 11:37
In reply to DaveO's post
The Foreign Exchange Matrix is an old book by Barbara Rockefeller and Vicki Schmeltzer.
It doesn't put fx market in perfect perspective.
When you chart stock price, you display price versus sequence ( not "time"!) and assume price is independent of sequence, sequence is a true independent variable.
But when you chart an fx pair, you actually chart the mutual dependency of the members of the pair. The currencies are not independent of each other. Whenever such is the case
you actually need a complex plane.
Thats the simple maths fact.
You could start a paper trade experiment. Just pick pairs at random at randomly chosen level and wait. You will see in most cases that paper losses start to pile up. When you wait long enough with a probability higher than chance losses turn into profits one by one. Such is fx. This holds only if CB interventions are excluded. ( closed system).

DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Mar 6, 2013 11:02
Ashraf, "The Foreign Exchange Matrix" you mentioned--the foreword by Michael J Woolfolk puts currency trading into perfect perspective. No wonder I been struggling with correlations.
cat0nip
Frankfurt, Germany
Posts: 1632
12 years ago
Mar 5, 2013 22:20
The officially announced death of Venezuela's Chavez - RIP -
should at first have some impact on WTI, down.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Mar 5, 2013 14:39
SPX cash 1555
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Mar 5, 2013 14:35
Next barrier for the S&P500 futures 1547, current 1533
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
Mar 5, 2013 10:53
In reply to Qingyu's post
Yes, I been long Chenier (CQP) at 20.47, current 24.05. Its an interesting company with fantastic prospects exporting LNG. They have done deals with UK, India etc. But nothing can beat nuclear power in the race to balance trade deficits. I also hold Linn Energy (LINE)fracking, that one is range bound last 9 months.
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