Hi there, just wanna said that now I am struggling to make a forex presentasion in Jayapura, the problem is This city has been broken by Millenium Penata Futures, 3 years before I come, so there’re some people who are resistant with this kind of investment… as time goes by, I ask some people about how they’re feeling with forex.. I make a decision that I must focused with risk management.. that the holy grail of trading is Loss Control, Loss Control, Loss Control, somehow without seeing the return of my performances beetween 5-30% per month.. I will attach my Power point presentation in the next couple days.
Risk always pay off Tuesday, Feb 12 2008
Entrepreneur words 5:40 am
Risks, I Like To say, always pay off. You Learn what to do or what not to do - Jonas Salk, M.D – Developer of polio vaccine
Fx Reality Check (RC) Sunday, Feb 10 2008
Uncategorized 2:15 pm
This is some tools I use as RC of the intraday trend.. make sure I trade the right direction with the big money does.
http://www.fxstreet.com/technical/analysis-reports/action-bias-summary-table/
http://www.fxstreet.com/technical/analysis-reports/support-resistance-range-forecast/2008-02-08.html
http://www.fxstreet.com/technical/analysis-reports/technical-summary-for-majors/
http://www.fxstreet.com/rates-charts/currencies-glance/technical-table/
Follow Your Heart, Love What You Do Sunday, Feb 10 2008
Entrepreneur words 1:56 pm
What is more important to you? Spending a few years for a collage degree or following your heart and finding what you love to do in the early part of your life? Well, I guess it falls into ones individual perceptions of life.
Ask yourself, what do I really want in life? Do I want to live an ordinary life or I want to be somebody. Hearing the speech by Jobs and Gates who are both dropouts, have followed their hearts and obviously love what they do, I personally have gain some insights of what they have spoken.Jobs speech was simply great, “The heaviness of being successful is being replaced by the lightness of being a beginner again”.
Sometimes you need to experience a blow in your life in order to be successful again. Gates said, “I did the best of everyone who fail”.
I believe that at that point in time when Gates was dropping out of Harvard despite of the adversity, he was definitely following his heart. I have always follow my heart, doing what I love to do. If you have not found what you love, keep looking.
Love life, Live it
nice thoughts on fx Saturday, Feb 9 2008
forex and fx money management 4:19 am
think you can money manage your trade by a very simple strategy.
Remember, with your average system you will have wins and losses. And the world is not beautiful, you may have 50-50 or more losses than wins.
To control your risk you should have something like “filter formula” or “signal strength” or “trade confidence” by allowing lower dollar value on less confident trades and vice versa. Ofcourse the parameters would have been set by you.
Lets say (example) you trade the market with a system consisting of elliot wave, candlestick patterns, fibonacci, divergence.
Each one is a rule. The more rules line up in your favour, the more confident, and higher pip value. But if only candlestick patterns for example give you a trade you would use quarter the risk.
False Breakout Filtering Sunday, Jan 27 2008
Uncategorized 11:11 am
Environment: Strong trending markets that make new highs that then proceed to fail by taking out a recent low and then reverse again to make new highs
Strategy Rules:
Long Trade
1. Look for a currency pair that is making a 20-day high
2. Look for a pair to reverse over the next 3 days to make a 2-day low
3. Buy the pair if it takes out the 20-day high within 3 days of making the 2-day low
4. Place the initial stop a few pips below the original 2-day low that was identified in step 2
5. Protect any profits with a trailing stop or take profit by double the amount risked
Short Trade
1. Look for a currency pair that is making a 20-day low
2. Look for a pair to reverse over the next 3 days to make a 2-day high
3. Buy the pair if it takes out the 20-day low within 3 days of making the 2-day high
4. Place the initial stop a few pips above the original 2-day high that was identified in step 2
5. Protect any profits with a trailing stop or take profit by double the amount risked
SocGen trader’s resume Saturday, Jan 26 2008
Uncategorized 11:42 pm
Societe Generale SA has declined to name the rogue banker at the center of the $7.2 billion in trading losses, but traders working in the Paris markets have identified him as Jerome Kerviel, 31, as did the Financial Times. Here’s his resume:
KERVIEL Jerome
Jeromekerviel@hotmail.com
OBJECTIVE Reach a position as a retail listed derivative products trader, managing a volatility and Delta One book
EDUCATION
MASTERS in Finance (Organisation and Control of financial makets)
University of Lyon, September 2000
Bachelor Degree in Finance
University of Nantes, 1996 1999
WORK EXPERIENCE
Societe Generale S.A., Paris, France
Trader and Market Maker for Delta One Products
March 2004 – Today
Trading : Market making of Listed Delta One products
Including open end and closed end Turbos (Single Stocks, Index, Forex and Rate Futures), ETFs and secondary market for Certificates
ETFs structuration – Management of the collateral with Lyxor Asset Management
Development of managing tools (Excel VBA macro)
New Underlyings Study to develop the product range
Participation to the specification for the implementation of turbos to the Clickoptions platform
Societe Generale S.A., Paris, France
Trader Assistant – Basket Trading and Delta One Products
August 2002 – February 2004
Valuation and Risk Analysis explanation for Basket Trading (Single
Arbitrage book) and Delta One Products
Strategies Backtestings
Short positions hedge
Process automation and managing tools development
Societe Generale S.A., Paris, France
Middle Office – Referential Team
August 2000 – July 2002
Products modeling
Process automation
Excel macro Development for the exotic Desk
Participation to the single referential project
ACTIVITIES
Judo – 8 years practice – Trainer for children
Sailing
SKILLS
English : working language
Microsoft Office Packge – Visual Basic
Licensed for EUREX, XETRA, EURONEXT
Bankruptcy Insider: League tables for the fourth quarter 2007 Saturday, Jan 26 2008
Uncategorized 11:38 pm
The Deal’s Bankruptcy Insider released its year-end 2007 statistics and a top line look at its quarterly league tables in time for the Distressed Investing Conference, Jan. 24 -25 in Las Vegas, co-produced by the Turnaround Management Association and The Deal LLC The year-end market data shows activity is accelerating in debtor-in-possession lending and exit financing. Bankruptcy Insider’s data illustrates the trend that there’s more money being made available as more lenders jump into the high-margin DIP lending market with loan volume rising to $13.6 billion, up from $9.5 billion in 2006. (PDF of bankruptcy league tables available for download after the jump).
And exit financing also hit a new high at the end of 2007 with 57 deals adding up to $34.1 billion, compared with 46 deals totaling $27.1 billion one year prior.
Many bankruptcy practitioners will likely benefit in the current market cycle, but they too may face some challenges, as The Daily Deal recently reported: Exits for some reorganizing companies are creating difficulties for the banks financing the exit packages as they try to syndicate the debt, similar to what’s happening with the LBO pipeline.
The BI tables have other interesting tidbits such as the hourly fees of the the top-billing debtor counsels – at a glance you’ll clearly see that there’s an upside to a down market. - The editors
Download the PDF here:
http://www.thedeal.com/dealscape/TMA/DistresstedInvesting_BITablesHandout.pdf
Emerging Markets 2007 Ranking Saturday, Jan 26 2008
Uncategorized 3:16 pm
Where to invest your money ??
Another thing to consider is, becareful with the buble China ETF prices.. Heard that the prices is so up high, don’t forget to weight the P/E Ratio, Risk : Reward Ratio, and you must know the geopolitical situation there.
my self-made law Sunday, Jan 20 2008
success principle 8:51 am
@ new year , I discover my own law ..
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The law of robbing potential energy
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The law of unbalance steps to glory
This law is powerfull
Hope can share with you in the near future ..
