Thursday, April 29, 2010

Were You Reading This April 28 ?

The Rest, as they say , Is a History , both EMINI+EURO trades profiitable!

102 comments:

Wanderer said...

Dear Boris,
Good morning.
Thanks and good trading.

Bert

boris said...

boris said...
Dear Craig,
Ok, You are right and I am right
But I am slightly wrong.

Yes, I have placed it under the post APRIL 22 as a graph, but forgot to put it as a file on the files area.
So, those who did not come to see that post did not see.

Aplogies coming.

Please go to April 22 and save the picture As... whatever you like.

Thanks and Regards Dear Craig

4/29/2010 12:25 AM


xerxes said...
Good Morning Dear Boris ...

The Ebola comment was from the Secretary-General of the OECD

4/29/2010 2:10 AM


xerxes said...
Today they're talking how Greece is just the coal mine canary and Morgan Stanley said that the bailouts could spiral to 600 billion euros, 8% of eurozone GDP Dear Boris, and that doesn't include a wobble in Italy

4/29/2010 2:12 AM


xerxes said...
According to the latest 'Hedge Fund Monitor' report from BoA Merrill Lynch (April 26th), the hedgies have only recently begun heavily shorting the euro with the authors speculating a euro retreat to 1.30 and possibly even 1.25 Dear Boris

4/29/2010 2:21 AM


boris said...
Update On Dot Org
Asset Opertion

4/29/2010 2:37 AM


boris said...
Good Morning Dear Xerxes
GOod Trading
My Very Dear Friend

4/29/2010 2:42 AM


Ivan said...
It seems, we go strongly UP (eur,chf, stocks), starting in the next 1-2 hours.

4/29/2010 3:11 AM


Ivan said...
In the next couple of days, EUR and CHF should recover a little against GBP, but after that: DISASTER (against GBP). Of all main European currencies, I would go long on intermediate basis against USD eventually only GBP!

4/29/2010 3:30 AM


Ivan said...
I am not sure now for move up.

4/29/2010 3:59 AM


Ivan said...
The picture is better now. I think High Daily AP for emini is very, very probable.

4/29/2010 5:07 AM


Ivan said...
DAX will jump sooon (0-30 min)!

4/29/2010 5:13 AM


Ivan said...
It wasn't too bad, jump of 20 points.

4/29/2010 5:22 AM


Ivan said...
Dear Xerxes, where are you? Are you busy buying Greece bonds?

4/29/2010 5:45 AM


xerxes said...
Hi Dear Ivan .... I just came back to work .... Missed the morning action ... Looks like your bullish on sterling ... Do I have that correct?

Futures strong this morning; r we topping for now Dear Ivan

4/29/2010 5:55 AM

boris said...

Dear Bert
Very Good Morning
and Trading
My Very Dear Friend

Ivan said...

Dear Xerxes,
Yes, I am bullish on GBP, against EUR especially.

For stocks today, it seems to me, it will last longer.
We should top soon but, for now, I think it will not be the major top of this move.
My best guess: EUR and stocks will move up/flat couple of days, and then down.

xerxes said...

Mark Mobius says Greece should restructure Dear Boris ....

We'll have to keep track of your predictions Dear Ivan to ascertain how competitive you are with the predictions of Dear Boris :-)

Please keep them coming :-)

xerxes said...

Spain needs to raise 77 billion this year

xerxes said...

EU Commissioner for Economic and Monetary Affairs states that talks on Greek aid are nearly complete

xerxes said...

He says it will be a multi-annual program ....

Seems like it could be euro bullish Dear Boris or is that just what they want us to think while they sell the euro more aggressively :-)

Ivan said...

Dear Xerxes, it's not a good idea to compete with Boris :-))

Boris has a much better view of this jungle. I can see only one part.

xerxes said...

Martin Feldstein, Harvard Econ Prof says Greece will default

xerxes said...

Feldstein says it will drag on for a while but default is inevitable

xerxes said...

Dr. Feldstein suggests that Greece pay the coupons on their GGB with more bonds Dear Boris ... Toggle Toggle Toggle :-)

Craig said...

Boris,

I am sure I dont belong in this league of swing traders. "A man has got to know his limitations" and all that... Therefore, I will be letting my subscription run out after it expires. However in the mean time I am sorry to remain a pain in the ass but I looked at the April 22 post and did not see the YBR graph. Could you please put the cookies on a lower shelf so the short kids can reach it?

Craig

Mike Truong said...

Dear Craig,

it is actually in the April 21st post. Possible time is also place on the YBR picture. It has played out perfectly like Boris predicted.

Good trading Mike

xerxes said...

Constructive bail-in is PIMCO's recommendation on the GGB problem Dear Boris

boris said...

Dear Craig,
My apologies. If i screwed up again.
Also, close to the same thing, as part of the advertisement and drive to get new subscribers, was published on the free site( here). Just couple posts down.

We are not swing traders, and we are not day traders either. We are "do what is needed traders"

I think, we give the most complete service, encompassing all time frames , including long ones ( of rouse, some of the longer term forecasts require a longer subscription).

I think YBR itself , lends perfectly to swing and or intermediate , long term trading. And for intraday trading one would have to use AP tables and Market Comments Daily.

Thanks Dear Craig.

Good Trading My Dear Friend.
NOTE, have made a file and placed YBR_update_011.gif on services->files area. Please sort by modified and you will see it as a last file.

boris said...

Dear Michael,
Thanks for your helpful suggestions to Dear Craig.

I am not sure, if it was 21 or 22 April, but I did copy file into the services->files are now.

Which, I admit, I should have duplicated on the same day as I placed the picture on Market Report.

Good Trading All

Ivan said...

Ok, we go down now, but with high probability, we go up (and higher) later again.

xerxes said...

Betty Liu just said that the pigs are getting slaughtered Dear Boris

xerxes said...

Wells Fargo says US banking exposure to the PIIGS is 236 billion with 18 billion being in Greece Dear Boris

boris said...

Great,
Brenanke to the rescue
Good Trading Dear Xerxes

xerxes said...

Yes, Bernanke, the great fixer Dear Boris .... Angela and Tricky for sure will try and 'bail-in' Big Ben :-)

boris said...

emini309
On Marker Report

boris said...

Timing Update
On Market Report

xerxes said...

Thank you Dear Boris for the clarification

boris said...

Welcome
My Very Good Friend
Dear Xerxes

xerxes said...

So shares lose a few points over a couple sessions, everybody gets excited and then it starts the grind north again ... If it wasn't for Greece, I'd fall asleep in my chair Dear Boris :-)

boris said...

Dear Xerxes
Patience please
ROME
was not made in a day.
Tops are not made in a day either

D said...

remember that YBR inflected in the first-half of 2/09 and we started seeing sectors bottom in the back-half of february and the broad indexes in early march. the decline from oct-2007 to march 2009 was 17 months, so symmetry would put as at...

;)

D said...

the major deleveraging area on teh spx was also the 1250-165 area.

D said...

we had several climactic lows at that price level and the spike high after the short-selling ban too.

boris said...

Dear D
GOod memory.
(:-

Good Trading Dear Friend

xerxes said...

Thank you for the refresh Dear D :-)

xerxes said...

Seems like all the testosterone is in Russia Dear Boris; and the estrogen is in D.C. and the E.U. :-)

Eric Kraus, a strategist at Otkritie Financial Co. in Moscow, said he’s buying Greek bonds on the bet policy makers will eventually strike back.

“Sooner or later those morons in Brussels and Berlin will realize that they are playing with fire, have already been burned, and will have to stop feeding the flames,” said Kraus, who works at a brokerage part-owned by Russia’s second-biggest bank. “Then we should see a very nice bounce.”

xerxes said...

Good Morning Dear Boris

xerxes said...

BoA Merrill Lynch in a report to their clients state that crude has broken out with a target near 100 but with some resistance in low 90's Dear Boris .... We're in the 1.2 area a liter for unleaded Dear Boris ... Like the song says, " How High Can She Fly?" :-)

xerxes said...

Nice sterling call yesterday Dear Ivan ... What you got for today :-)

xerxes said...

B-berg had a Nobel prize winner in economics on that said the euro project would collapse Dear Boris

Ivan said...

Good Morning Dear Xerxes, Boris, All
No, I was speaking about long term forecast for GBP.

Nothing new for today.

Ivan said...

In fact, GBP shoulf fall to 1.53 area today! 70 pips in the air.

boris said...

Good Morning
Dear Xerxes
Good Trading Very Dear FRIEND

xerxes said...

Good thing I didn't understand your GBPUSD stance yesterday Dear Ivan as it looked like a screaming buy and floated up nicely all day without any serious downdrafts ....

boris said...

Good Morning
Dear Ivan,
Good Trading My Very Dear Friend

xerxes said...

B-berg guest tells us that the market is 'structurally' short the common currency with an eye towards 1.28 - 1.25, similar, I may add to BoA Merrill Lynch's target but shy of the Goldmen target Dear Boris :-)

He further tells us that the UK and her pound sterling will be in the cross hairs immediately post-election when he expects the rating agents to make some 'comments'....

xerxes said...

Another B-berg guest tells us that this bailout biz will never end and will follow the pattern of West Germany's reunification costs with the East, i.e., an endless transfer of wealth ... He said that the 'least bad' solution is for Germany to leave the euro but it will never happen .... Therefore, the likely outcome is a crashing Germany at some point down the road .... Armageddon is coming Dear Boris, perhaps on December 21, 2012 Dear Boris :-)

xerxes said...

B-berg is gonna have a discussion with a guy that wrote a book called 'Euro Trash' Dear Boris .... I wonder what his views on the Greek/European debt debacle will be :-)

Ivan said...

Dear Xerxes, did you read the book 'Web Of Debt'? If not, I strongly suggest it.

xerxes said...

Mr. Euro Trash says that instead of wasting funds on a bailout they should use the funds instead to recapitalize Greek banks on there way out of the eurozone as they need to devalue to get back on their feet

xerxes said...

No I haven't but I read some excerpts from it ... great stuff :-)

xerxes said...

B-berg says that Moodys has announced that they're getting ready to 'wield the ax' as well

xerxes said...

B-berg says that Europe is a 'euro short and a day late'

boris said...

Going For Scheduled
Doctors Appointmnet.
See you in a couple hours

GOod Trading All

Ivan said...

USDCHF should fall to 1.07 area but after that my patterns say: new move up of at least 300-400 pips. Maybe FAHAP is in play!!!

xerxes said...

Dear Ivan, USDCHF was repelled from a major point .... You're suggesting that it gets taken out on next attempt .... We shall see Dear Ivan soon how well your connection works :-)

xerxes said...

Check out the USDCHF weekly Dear Ivan .... We got either a rounding bottom, Cup & Handle or an Inverted H&S .... They all have different targets but they all are franc bearish .... Problem is patterns can fail Dear Ivan and there are some around here that would gladly take the opposite bet :-)

Ivan said...

Dear Xerxes, my patterns are special patterns in my trading system.
For now, I am fairly sure, from 1.065-1.07 we go up again. But you know, future is unpredictable :))
I will inform here if I see the change.

Ivan said...

But, what is veeery probable, EUR and CHF should be strong against USD in the next 2-3 days (at least :-)))

Ivan said...

GBPUSD has just started it's journey to 1.53 area.

xerxes said...

I haven't got any fancy trading system Dear Ivan, just books and free internet charting .... I see USDCHF having broke the bottom trendline of its ascending megaphone after 8 am cet and now clearly targets 1.05 ... those points you suggest look like resistance areas but not necessarily reversal points but I'm just a lowly student of our Dear Boris and am capable of damaging my trading account at any moment :-)

xerxes said...

The SEC referred the Goldmen case to federal prosecutors Dear Boris ... Will Llloyd and Co. be facing felony charges?

Ivan said...

I am selling EUR here 1.3325.

Ivan said...

We should go down to 1.3260-70

xerxes said...

I think you're correct Dear Ivan, save me a seat :-)

xerxes said...

BoA cuts the Goldmen to a neutral Dear Boris reducing their target to 160 from 220

xerxes said...

Greece has agreed to further austerity measures

Ivan said...

Dear Xerxes, according to my methodology, Goldman has just entered BIIIIIG sell signal. Probably it would dance a little around this level(160-165) but sooner or later, it will DROP very strong.

xerxes said...

You got a nice system Dear Ivan :-) Are you trading full time now

xerxes said...

When GS cracks so will the SPX Dear Ivan

Ivan said...

Dear Xerxes, no, I am not full time trader. I don't have enough capital for that purpose (for now :-))

xerxes said...

But you got a kickass trading system :-)

Ivan said...

Dear Xerxes, you will see around 14:00 CET EURUSD going down :-)) I hope so, at least.

xerxes said...

Buck is a limp noodle today Dear Ivan .... It is still suffering from the hammer blow at 1.3114

Ivan said...

Dear Xerxes, yes. But EUR should retrace something and then UP couple of days (at least). Could be couple of years, too. :-))

boris said...

Dollar Under Siege
!

Emini310
On
Market Report

boris said...

Purchasing power of USA under attack

GOld Higher, OIL higher Currecines( EVEN JPY moving ) higher.

WOW!

boris said...

Here is a copy of the email, I get from Dear John, on 27 April, day before EURO bottom, so far!


In a message dated 4/27/2010 3:59:53 PM Eastern Daylight Time, johnrowton@me.com writes:
Euro is getting close to that 1.3150-- will it hold? thanks

Now, here is an example of somebody that has the patience and presence to ask a correct question at the correct time. We go many of these, but this one is the example if the simplicity, power and confidence that Dear John Masters to:

1) Remember where the prices are regarding big picture and ANnual APs
2) Patient to watch it and even as he claims not being a forex expert, knowing what he wants and how he can trade this like a stock( ETF, FXE).
3) Finds a right moment and needs a confirmation from an old friend too boost his own quiet confidence in the system

I answered, it looks to me like it will hold, but make sure properly size the position not to be shaken out.


Yes, this simple but powerful exchange marked the even that was all Dear John needed to proceed in his own quiet, yet, powerful way.

This is how to trade.
This is what we teach
This is what you can learn
This is how you can profit
and not just in trading.

The features above are life transformational, because they indicate the power of concentration, patience and due diligence.

ENJOY ALL
Thanks Dear Friend John

Ivan said...

Did someone mention that EUR need a little rest :-) ?

Dear Boris, it was the great trade but this is only a bounce (2-5 day wonder) :-))

john said...

Boris

Thanks for the compliment

old john

Ralph said...

Congratulations John!

Just goes to show you can teach us old dogs new tricks!

xerxes said...

Seems like the buck had a crappy week Dear Boris, considering all the, seemingly, pro dollar news; but it is still, so far anyways, up against the euro and the franc for the week ... A consolation prize perhaps :-)

xerxes said...

What's your target on EURUSD Dear Ivan?

boris said...

Well
Dear Ivan,
Dear John
Dear Ralph
Dear Xerxes

All

We do not know, if EURO bottomed.
We will tell you in 3 months if so(:-

All we know is that we did a correct trade at the correct time

Thank you All

Good Trading

boris said...

In fact, At some
Point , we have already advised
For those overextended and/or otherwise

After 200 pip profit on the trade it is natural to take some profits and let the rest run.

This is my advice in general as well

Good Trading All

boris said...

Were you reading this
April 28 10:31 ET?

10:31 ET, as we mentioned today gold cycle high is early XXXX May and that means that if we take today , yesterday's high 1173 gold could run.

GOld , at that time was in low 1160s and traded there almost every day since then. And boom today.

Now again we do not know if this trade is going to make a lot of money or not, but it has presented nice profit opportunity to anybody with patience to stick with it. And keep break-even stops

Good Trading All

xerxes said...

Dear Boris ... It seems Dear Ivan doesn't think we'll need to wait 3 months to ascertain if Wednesday was a low in EURUSD :-)

boris said...

Dear Xerxes,
Different opinions make the market
We teach discipline

Opinion, if it fits the framework of your trading is good/useful one.

Opinion that does not fit in your trading framework maybe good but not useful.

You know that, while not pinned down as to what type of traders we are, we do have certain ways of doing things and that is the frame work for us.

So, All I say is that take all opinions, but make sure it fits the frame work of your own( that includes our opinions too)

Good Trading Dear Xerxes

boris said...

No, so that nobody gets confuses us being Johny Come Lately to the GOLD rally.

We stated all along that

a) Gold is in a trading(wide) range since last high of 1230 and
b) 26 March and 16 April have both been identified as cycle lows in it.

So, there.

Good Trading All

boris said...

Market on schedule to make initial bottom 12:30 +-5 minutes

boris said...

Market broke initial bottom and ILAP5 therefore, it is possible it is heading to DLAP2 1177! Next stop in the low or high is 15:05 ET

Public Service

john said...

Thanks for the public service

old john

boris said...

Dear John,
Welcome
Very Dear Friend

boris said...

I would say that a move by EMINI above 1193
Would Negate the 1177 possibility and most likely dictate the 15:05 ET, High

boris said...

we hit the 1193 ask, but
not BID.
Better yet 1193.75 BID will be even better indication that today just corrected the silly part of yesterdays rally(last part of it).

Ivan said...

Dear Xerxes, it was sooner rather than later: GS dropped today from 160 to 145!!!

boris said...

Update
MarketReport

boris said...

Well,
The market, has still proceeded to 15:05 intraday cycle low, even after apparent recovery above 1194.

We should all remember that in the overbought market will come on the downside. Because everybody expects up moves all the time(:-

In any case, we are divesting on schedule.

GOod Trading All

R said...

Boris,

Outstanding calls all week; you really have the heartbeat of the market in your hand.

Jiffy

boris said...

Dear Jiffy,
Thanks My Very Dear Friend

Craig said...

Boris,

I hereby volunteer myself to be your special newbie project subscriber. As old John has learned the ropes successfully I too wish to master them someday. If you will allow me to ask all the dumb questions that I have in my confused mind I will gladly volunteer to be the example for others of HOW NOT TO PROCEED and willingly let others learn from this very public experience. Will you hold my hand through this journey?

Kind Regards,
Craig Sicinski

boris said...

Dear Craig,
I am committed to hand-holding every subscriber of mine. Dear John, is exception, in that he was a long time with me( 3+years) and seemed to have learned on the job(life experience ) the patience to wait for moments when his confidence is high and act only on that discipline. His Military, Police training had a lot to do with that discipline. Now, I was in the army too, but even I did not have the needed discipline for a longer time. All individuals have their own pace at which they can achieve such levels of discipline.

That is just to say where my very good friend John started from.

But the truth is that John does not ask too many questions. And he did not do it before either.

He does seem to ask enough questions and very succinct and thought full ones( again credit apparently goes to his innate and/or acquired patience).

Having all that said. I never, ever, rejected anybodies question, no matter how many times they asked.

That is not my style. I may not be perfect, but that helps me know that others are not.

I thought and will always think that the only bad question is the one that is not understood and has not been asked.

You, all subscribers, know that I am totally open for questions. In, fact often , I publish those questions and answers to the bigger audience of subscribes( unless the questioner requested privacy).

Questions are my primary way to know what is not understood by subscriber(s).

So, the answer to your request and question, is YES. I have always been and always be open to any and all questions, because I want and , actually, I need for my innate ego to have been able to claim ( at least with my creator(:- ) that I have been helping people beyond what my pay or contract called for.

I guess, part of it is that I am a teacher at heart( remember, I could have ended up being a professor of Physics or Math, if I did not decide to go into computers and finance).


OK, OK, OK.

I never was asked and/or answered such question, because, It was, I hoped always clear to my subscribers that they can ask me any question. And I never felt that anybody had even a slightest hesitation to ask me questions.

Nevertheless, negative does not prove positive and for some reason , you felt that was the case, I can assure you that there is none.

So, shoot.
Anything you like to know.

You are free to use.

Blog
Dot.Org
Email
Chat
Phone

Any time, except at some critical times, I may not be to immediately answer, due to the critical times of market or critical time of me being ASLEEP(:-.

Other than that, I doubt , I have ever, not responded somebody in less than 4 hours of time.

To conclude.

All questions are invited.
Dear Craig.
Good Trading My Dear Friend

Craig said...

Boris,

Thank you for your patience. Indeed, you have already proven your willingness to teach others and reach out beyond what is expected or required.

My work keeps me away from this blog and therefore I am usually catching the "news" post-facto either before market opening for 20 minutes or so OR after close like now in the evening at about 9:00 PM. I am always a few many steps behind. Perhaps for me the YBR is an easy way to trade with your service. Sometimes, I will want to communicate with you via your email posts but those are not very good at getting a response from you. By the way do you respond to any reply's to your daily emails that you send to us? Better is this blog but it is delayed b/c of MY schedule. Also, the chat with Boris thing is chancy if you are not there especially considering the time change from Florida to Israel. You did call me once on the phone and that surprised the hell out of me. Look I am NOT GOING TO BE TIME HOG HERE. I was once in the Army too and I dont like bullshit either. Please tell me how I can discreetly ask your associates the basic questions I have so you can do your job. OK?
You have anybody that I can call tomorrow Sunday? I will call you or them no problem really. Or whatever, they can call me. Phone is much easier than this public blog. Or we can email if I know we can start dialogue without pressuring you or your associates. Whatever friend I am not in a hurry here just a bit frustrated is all.

Kind Regards,
Craig

boris said...

Dear Craig,
Here is the most critical times, when I may have a problem to react instantly to your questions.

08:30 - 11:00 ET. Difficult time to get too much of my attention.
17:00 - 23:30 ET. I am asleep(:-, most likely.

Other than that there maybe difficult times, but At least, you will get immediate notification about your request.

Of course, if you would like to catch me on the weekend that is fine. I am in and out, but if you catch me, it is very likely we are going to have a quality time without interruption.

You also have my phone, if not I will resend you and you can call me ,I well call you back.

Frankly, I do this, because, I love my work. I love to teach people. And you are right, much of it is the hand-holding, reinforcement of good habits. Hearing somebody works better for some people, perceptions get enhanced when one hears the tone/confidence of the "teacher".

You, know, I am most accessible Internet financial expert there is(:-

Good Trading Dear Craig

So, I will resend you email with my phone and you send me yours, so I can call when you have a desire to share experiences.