Thursday, May 21, 2009

Closer, We are Closer


55 comments:

boris said...

Dear Subscribers,
The BRUTISH was brutishly manhandled by markets.

But I want you all to learn a little lesson here.

What makes you (AP ) trader a better trader than others is not that we could all see the 200 dma in GBP. Not at all. The SHARKS see that 200 dma better than you and i do(:- belive me!

Those that thought that it should stop the GBP are novice that were taken to cleaners yesterday. those that knew that SHARKS are manhandling BOZOS, by rasing the GBP beyond where it belongs, perseviered and shorted the hell out of GBP all the way until this morning where it hit within 15 points of the First IHAP ( hourly) and then formed the waterfaill formation, which resulted in , well, exactly, waterfall.

Welcome to BOZOS versus AP traders.
AP Trader
1) knows that sharks are out there and will do everything to take the BOZOS to cleaners
2) Know to wait fo the day after hangover and watch the APs and formations.

Sorry, If are not trading like this and still do not understand how it works you have only two choices.

1) Join us and trade APS
2) Be part of the crowed that is guaranteed to lose.


Good Trading

5/21/2009 5:24 AM
boris said...
"Having that said, I think GBP has or will reach the top around 1.61, and Dollar should recover"

The above is a quote from the DotNet site www.antisopitalist.net , 30-60 minutes before GBP crashed 3 points And back below 1.5555 - 200 DMA

Good Tradiang

5/21/2009 5:39 AM

xerxes said...

The market is getting crushed yet the antidollar are resilient Dear Boris...Cad bounced off the 5th high...

boris said...

Well,
Dear Xerxes,
The GBP crashed ( More or less).
The SWISSY is down
EURO is down
Gold is down ( a bit)
OIl heading lower,
It seems to that entire Antidollar is at the begining of DDDD(Dissaray,Disorientation and Demoralisation).

(:-

Not all true, but close(:-

Good Trading

boris said...

Our subscribers were alredy told that 888 was an important Attraction Point Support for the EMINI, Now you know too. It was also the point at which the EMINI had a great resistence on the way up and now it could act as support on the way down?

Good Trading

boris said...

The point is that 887.50 888 area is now below us and the stops would be absolutely above or at breakeven and we should have a FREE trade and etc. etc.

The rest as they say will be history.

We shall is we can make money, cause the NO LOOS is guarnateed and locked in already

Good Trading

xerxes said...

When USDCAD hit the 13MAE on the 4 hour and matched the AP it was an easy bet as it was aligned with the trend...The discombobulations you describe in your post Dear Boris are still, to my thinking, in the speculative theory department...The sticks are looking good for antidollar here...

boris said...

Please be careful here Stocks maybe encountering the problems with turning dollar, keep the stops close

Good Trading

xerxes said...

I'm out Dear Boris and Thank you...

boris said...

Dear Xerxes,
Welcome,

It may not have been the best decision, but it is right decision.
It looked bad.

That was enough.

That is a trader growing.
Playing his game, regardless what anybody thinks

Good Trading Dear Xerxes

boris said...

OK, I hope you made money, I certanly did few cents on QQQQ buy early morning.

I am out, so should be everybody who listens to me with a profit or at least WITH NO LOSS

Good Trading

boris said...

If 884 area gives on SPX, we are in for a long/long day.

Good Trading

xerxes said...

Thank you Dear Boris...But I'm not a trader...I'm just a humble loser...

xerxes said...

Does a long day mean rout Dear Boris?

boris said...

Dear Xerxes,
Yes, the long day will not mean to go long stocks. No, it will mean that stoscks going down in the area of 860 or so!

Good Trading

boris said...

Ok, I would be inclined to protect the Gains in Gold today and I would venture a bit into UNG again, which got beaten up by inventories report today. Stops on UNG should be placed with a coffee cost considerations. It either works or you are out.

Now, if you stake is still small, leave it alone. Small will be less than 0.01% of your total worth!

Good Trading

boris said...

UNG has popped, please protect it at 14.29.

My purchase is at 14.33 so the risk is much/much less than COFFE money.

Good Trading

xerxes said...

Sterling made a full recovery Dear Boris...Antidollar on fire despite weak market....Was there some news today?

boris said...

I am out from my UNG position with less than $5, truly COFFE money.

Good Trading.

If your position is very small, I recommend staying in. And Accumulate more if it goes lower.

Good Trading

boris said...

Dear Xerxes,
Volumes are very low and markets are pushed around as people donot really know what is going on.

Unless they loolk at APs though(:-

Do not worry. I maintain what I said in the comment below.
BRUTIS is done or about to.

Good Trading Dear Xerxes

xerxes said...

The euro bounced off the first lower AP (where the 40 was)and has soared towards 4th high.... Should have bought as it has bounced off the 40 every time it hits it (hourly).....Has something happened in bonds Dear Boris....

xerxes said...

S&P says they're gonna downgrade sterling so that makes good fodder for a 350 pip gain Dear Boris

boris said...

Dear Xerxes,
When the SHarks go to hunt they work hard to intimidate people

Whell, they foked some money to me so far today.

Let them work hard(er)

Good Trading.
S&P they are always late in UP/DOWN grade

xerxes said...

Well, those sharks of yours Dear Boris made an enormous return in sterling alone, today, considering the size of the swing...I think everybody should be a shark one day in their life...Let's put it on the next ballot initiative :-)

boris said...

Dear Xerxes,
It took them 4 hours to take the same number of points , which i took out of them in 20 minutes or so.(:-
Even as they go higher, they are leaking the blood.

Remember Sopitalist must move the markets even if somebody causes them loss.

Of course if they are making money it is not my money
Good Trading

xerxes said...

For those bold enough to short the relic here, it has been a dud so far Dear Boris...Euro shorts not much better...

xerxes said...

The emini91 chart was a gold chart dear boris :-)

boris said...

Dear Xerxes,
The secret is to spot that market is turning. That, frankly , takes testing ( I.E. Trading without much loss, or you can not test).

Again we are back, APs only give you tool to play with small risks. If you can not do it under AP, you will not be able to do at all!
Good Trading Dear Xerxes,

Of course one can always wait and let the market turn and then considering doing it, but that increases risk(:-

Good Trading

Mike Truong said...

Hi dear Boris,

My parents are in town from Vietnam so I have not had time to interact with you all. Anyways this may explains the weaknesses in the dollars today.

http://www.tickerforum.org/cgi-ticker/akcs-www?post=95985

Good trading dear friend,

Michael

xerxes said...

I failed the test Dear Boris...Anyways the sticks are powerfully bullish for antidollar...
The action doesn't appear to be that of simple shark roaming

xerxes said...

dear Boris...Mike's link is serious stuff...It claims that CB's are dumping treasuries in big volume with big losses...More issuance in big size coming next week ....Interestingly the European research group LEAP says the USA wheels are coming off in June and they have been making that claim for ages...Talk about confluences Dear Boris :-) Bernanke talked the dollar down as cover for the dumps so the lemmings dismiss the decline as usual market moves rather than the breaking of the dam...

boris said...

Dear Micheal,
Thanks for the info.

Good Trading Dear Friend.
Very interesting. Especially that it comes out now.

Good Trading Dear Friends

boris said...

Dear Xerxes,
You know, Dear Xerxes/Folks, I begin to like this. There is no Dollar bull in the whole world!

Does not that look it was in 2008!

In any case was not everybody including Dear Xerxes, perplexed how could EURO could rally when I indicated it would , should.
And all of a sudden Twizzer low has arrived.

Well, In any case My forecast afor Dollar top in Passover ( March / May 2009) has come and passed, unlike others who/all missed it.

Notwithstadning all that and being half long EURO, I think the Dollar will rebound into June.

That is all I care. Everything else is a note to pass.

It is clear Dollar is under pressure, but That did not , YET , change my mind about June rally
Good Trading Dear Xerxes

DXB said...

I stop by once in a while to see what's going on here with Boris and Co.
Good to see that the discussion like in the old days (2006-7) is back here again.

Anyway, I am brutally long Dollar, for the sentimental reasons Boris has just outlined in his most recent comment here, and because if the USA is struggling economically, this country still does not compare to the absolute bullshit Europe and the rest of the world find themselves in.
It is not just the USA that feasted on leveraged crap.
Europe is sub sub sub prime.
China and India are not going to save the world.
The UK?
Don't make me laugh.

Boris, we all know when it is time to call off a trade and exit at loss, but the Dollar will eat its kids for breakfast for quite some more time.

Any day I would rather give the USA my money (best "risk-free" debt there is).
Give my money to Eurozone? No thanks.
Asia? no thanks.

Yes there are structural issues, but they have been there for decades, and one day the Dollar will die. Not now.

Boris if you are kind enough, do give non-subscribers an idea or clue when you believe the Dollar will end up as toilet paper, because you are still the FX soothsayer to listen to!

boris said...

Dear DXB,
I am not a DOllar BULL, by my own declaration of old days 2+ years ago. the Dollar rally should have started in April 21( Passover 2008) and edned April 8 (Passover 2009) and the result is:

Dollar turned on April 20 2008! UP
Dollar Turned On March 5 2009! DOWN

Not too bad.

Now the Decline of Dollar for ( many monhts - I can not say the exact time , that would betray our subscribers) started and with some ups and downs will continue for a while. Nevertheless, within that scenario, there will be Strong Dollar Rallies and one of them is upcoing into June/July Time frame.

I am afraid Dear DXB, that is where I will stop. Thanks for coming back to us. I can not keep giving the Market predictions away, beacuse , this is my living and I can no more afford to give the information free.

Thnks for the question and Please come back.

I do agree EUROPE being in a disarray and I agree about Asia not being a substitutes for ANGLO-SAXON world ( Antil ANGLOS finally destrory themselves(:- )

Good Trading Dear DXB

xerxes said...

Dear Boris....Being 1/2 USd 1/2 Euro is a common strategy...I live in Europe and am always like that...So what Dear Boris...That means you lose value on 1/2 your holdings..I'm not comfortable with that strategy when there is no longer a broad trading range...As you so accurately called the euro bottom, it has come and gone and yet I'm still holding 50% dollars.. That makes me a loser as I'm damaging my equity position needlessly... I have no doubt that you'll be correct in the idea that we get a rally in the USD coming soon...That will provide, hopefully, a decent opportunity to minimize dollar positions...The reasons Dear DXB gives for holding dollars isn't compelling to me at this juncture...Bernanke was crystal clear the other day; he wants dollars sold...Reuters says CB's are dumping large...I get the hint...

boris said...

Dear Xerxes,
As much As everybody may give me a credit, for knowing things all around. I know my limitations. I know That I can make a mistake. That means that I can miss the rally time and/or rally size and that meant that Had I taken the Majority Anti DOllar Position on March Or April, I could have been way wrong if the Crisis trade continued. ( remember, I know what I do not know(:- ).

SO, I did not really know that indeed this time my patters will work as well as they have done.

So, now that is a water under the bridge, we need to see/Prey that Junle/July Rally will come and we will be able to take the position we really want to be in.

Now, I suggest a stupid way out that does not presume any knowlege of anything ( that is in plalce of feeling loser)...

Just Invest the rest of the Dollars on a "DOLLAR(:- " cost averaging bases, over next 6-9 monhts.

Good Trading Dear Xerxes

DXB said...

xerxes

The news (Reuters, speech by figures of authority) is always either late, or meant to be faded, because it is meant to deceive and manipulate.

Going long Dollar now is a trade no one would feel good about. But my experience is the winning trades are the most difficult ones. I am scared now as I am in drawdown.

I don't know how subscribers fare emotionally with their trades and investments, but what I have learned is that the difficult trades are usually the most profitable.

My view on USA and Europe and others is just that, a view. Sometimes when you trade with what happens to be the correct view, then great, but you should be able to make money without a view or even when you are wrong about the big picture.

DXB said...

Earlier I mentioned I was brutally long Dollar now. Hehe.

For me, brutally long does not mean all in, or even half in, but in fact a significant portion of capital, larger than usual, that is leveraged significantly.

I think that is the main point Boris seems to be driving home in his last comment. Position sizing. I'm open to the reality that this dollar rally trade may not live up to expectation so an exit strategy is in place.

The best we try to do is not to allow a failed trade to kick us out of the market once and for all.

happy trading all

boris said...

Dear Xerxes,DXB
I agree with what Dear DXB says and the proposal to Dollar Cost Average into EURO would be a good thing for Dear XERXES to do ( let us hope that Dollar does not prove me wrong and does not make new strong highs or then I will get a complaint, how come I could not predict that).

That is kind of making money without knowing it.

Let us remember none of us( ME FIRST) have a monopoly on being right on currencies and timing it always with 100% accuracy.

I also agree the REUTERS being the late and/or info to fade.

Did you really know who ownds REUTERS and AP ( or supplies them). It is supposedly Rotchild Family!

You want to belive them to give you profitable information ( perhaps sometimes , so that they can earn your trust(:- ).

And the last issue. I really am not into any currency too much. I cannot and willnot, online, discribe what I do, but it is based on making money in currencies without knowing/reliance of actuall currency direction!

Good Trading

xerxes said...

Dear DBX and Dear Boris...Thank you both for your kind words...Every day I learn a bit more so, again, thank you both...

xerxes said...

Dear DBX, Dear Boris....This idea that something should be faded or not faded is in and of itself something that may or may not be wise to fade or follow...That is why it is mis/dis information....
But Dear Boris..one needs to be into some currency unless you store your pelf in guns, beans, land and ammo :-)

boris said...

Dear Xerxes,

You are A. Correct

One needs to be in some currency.

But I would phrase it differently.

One needs to be in some Currency Asset allocation. And that does not mean 100% In EURO and then 100% in DOllar and etc etc.

That can not be done.

Good Trading Dear xerxes, without losing shirt one day

xerxes said...

Perhaps this weekend Dear Boris, or some other time, we could discuss the rationale behind your asset allocation scheme...From what little I understand of it, it doesn't seem something that is easy to emulate but perhaps, at least, I may find useful components...That is, I hope I'm not being presumptuous by asking...

xerxes said...

Good Morning Dear Boris...

boris said...

Dear Xerxes,
Good Morning
Good Trading Dear Friend

xerxes said...

Well, Dear Boris....Perhaps you could explain a bit how I could use/what to expect from the current warning I received via e-mail....

boris said...

Dear Xerxes,

1) If you are invested against signal you lighten up
2) If you want to go with the signal/warning, wait for shorter term signal/warning and my interpretation to go short ot not
3) Under no cricumstance I advise anything but a very, very short term possibility of going against signal/warning

That should explain it and I do would have believe that by now it is clear how to interpret these warnings/signals.

If not look at the chart and do your own analysis how did these warnings perfomred and whee they were rith/wrong and where you need to wait a bit or go immediately with it and you maybe able to tell me more what to do with it.

Good Trading Dear Xerxes

boris said...

Even byond that explanation Dear Xerxes, You know what I did in anticipation of this warning/signal do not you.

If you do not remember, I reminded that in the picture itself.

I think it is clear what I already did and what I think should be done.

Good Trading Dear Xexes

xerxes said...

Dear Boris...Thank you...

Aboot-Bull said...

Dear all,
what u think about the "talks" that US might lose its AAA rating ?

A-B

boris said...

Dear AB
Talk is cheap and getting cheaper
day by day.

Except it can be expensive to follow that Cheap talk.

Good Trading

daveo said...

Dear Boris, can you comment on the metal trade on the dotnet site ? Is it out of the possibilities for now ? Thanks as always, Daveo

Aboot-Bull said...

Dear Boris,

u say'in Bill Gross is cheap ? ;-)

A-B

boris said...

Dear AB
BILL GROSS
iS
ONE OF THE BIGGEST
Sopitalists.

He used to be vigilante till
SOPITALIST BOUGHT HIM

GOod Trading

boris said...

Dear Dave email me at
bchikvash@aol.com
or give me phone we shall discuss the issue you are interested in and then poste on DOTNET site

(:-
Thanks Dear Friend Dave