False Breakout Filtering Sunday, Jan 27 2008 

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 

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 

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 

Where to invest your money ?? 

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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 

@ new year , I discover my own law ..

  1. The law of robbing potential energy
  2. The law of unbalance steps to glory

This law is powerfull 

Hope can share with you in the near future ..

My role model : Martha Stewart Sunday, Jan 20 2008 

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Now I read constantly. I’m reading lots of different books, but I get inspiration again from those. Nowadays I’m still reading voraciously. Really as an opportunity to learn, to constantly figure out what I really need to know in homes that my reader will have the same desires and the same need.
I have a lot of energy. I have a great desire to absorb information
I’m always on the lookout for those good, simple solutions to everyday problems. And it’s the energy that enables me to run around and do the things that I like to do. I don’t need a lot of sleep. I find that when you have a real interest in life and a curious life, that sleep is not the most important thing. More important is the discovery. And I’m really trying to discover everyday good things.
For me, the most important characteristics for success is a dedication to your real interests. It’s an ability to be open-minded. Without an open-minded mind, you can never be a great success. The great artists have been open-minded, even though they may seem, like Picasso, to be very directed, you can be directed and open-minded at the same time. I think you have to be really intensely serious about your work, but not so serious that you can’t see the lightness that may also involve your life. You have to have that lightness too. You have to not be so heavy-handed and so ostentatious. It’s very important not to be.

A look at Casino Progression System Friday, Jan 18 2008 

Often, there are questions from individuals, usually new players, asking aboutprogression betting systems. Sometimes, we’ll see a post from someone who says,“Hey everybody! I’ve just discovered this great new system where you double your betafter every loss until you win. You can’t lose!”

Instead of using a progression system, you may as well run around in circles, yelling, “Iwish I had money, I wish I had money.” A progression system is equally ineffective in winning money in the long run.

“UP AS YOU LOSE” SYSTEMS

Martingale: This is the most infamous of these types of systems and they all bear some relationship to it. The premise is simple: you double your bet after each loss until you win, then you start over. A common series would look like this: 1 unit, lose, bet two units, lose, bet four units, lose, bet eight units and so on. If you win, you are one unit ahead for your series and you begin again. The problems with this system should be obvious to anyone. Long losing streaks are not uncommon in blackjack, and when you encounter one (and you will, and it will be just long enough to break you), you will lose everything you have gained. A ten-hand losing streak would have your final bet at $2560 if you started with a $5 bet. If you lost it, you would have lost a total of $5115. If you won it, you would have gained $5. You can expect to see about 3 of those losing streaks in every ten hours of play (figuring in pushes, and assuming 100 hands per hour).

D’Alembert: In this system, you raise your bet one unit if you lose and lower it one unit if you win, which means your winning bets will be higher than your losing bets. It would look like this in practice: 1, lose and go to 2, lose and go to 3, win and drop to 2, lose and go to 3, lose again, bet 4, win, bet 3 ad infinitum. It looks attractive, but the end result is the same: you will eventually lose all of your money. A ten loss series would have you down 55 units and you would have a hard time getting out of that hole.

Fibonacci: This system is a little more sophisticated, but the results can be as devastating as our old friend Martingale. It is a series of numbers, each of which is the sum of the last two numbers in the system, like this: 1-1-2-3-5-8-13-21-34-55-89-144. Advice about betting it varies, but one of the more common is to bet the series as you lose. If you win a bet, fall back one in the series. If you win that one, start over. If you lose, continue on in the series.

Financial puzzle Friday, Jan 18 2008 

 DISCOVER THE MISSING PIECE TO YOUR FINANCIAL PUZZLE

IT IS POSSIBLE TO EARN MONTHLY WHAT MANY BANKS AND MUTUAL FUNDS PAY ANNUALLY

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not all people realize that financial puzzle is a missing puzzle

My Father’s Lesson Thursday, Jan 17 2008 

Diane remembers : My father was the smartest man I ever met, and he knew how to live well. He had 21 patents; he taught me think, to make decisions. The more options you have, the smarter choices you’ll make. If you think you have only two options, you will not make a smart decision. Your job is to create more options. He learned early the importance of having your own business, not working for someone else. He made money selling his ideas. He taught me the value of learning – anything you learn cannot be taken away from you. That was the lesson from Europe – possessions can be confiscated, but skills cannot. He had a successful business and used to say, “I am responsible for 62 mortgage payments.” because he had that many employees. He remained physically and mentally active until his death at 83. I know he would have enjoyed watching me make 5% a month selling options on his beloved Bell stocks.

By Diane Buffalin

Entries and Exits, Visits to 16 trading rooms – Alexander Elder

anything you learn cannot be taken away from you – what a wonderful words

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Financial Market Holy Grail Thursday, Jan 17 2008 

After a year
Eat,

drink,

sleep with the financial markets .. and has no other hobbies ..

  1. Stay in the game as long as you can.
  2. When you have a strong opinion about the market, go away from your computer, go walking the town. Don’t make your strong opinion change your trading size.
  3. Loss control, Loss Control, Loss Control.
  4. Keep repeating what you did right.
  5. Keep the trading size Thin, < 2 %  from assets ,if one trades is a losing trades, keep in your mind that there’ra other 100 goods entry points aheads.
  6. Loss is a part of the game.
  7. Dont make a monetary profit target, but set a goal of following a trading plan (entries,position sizes,exits) on 90+% of all occasions.
  8. Perform mental checklist before go trading, make a trader’s daily notecards!!
  9. Monetary goals end up creating unnecessary pressures.
  10. Be brutally honest with yourself.
  11. Don’t be too proud if you win and don’t be too sad if you loss, because winning is long term objective.
  12. Let the winners run, let the losers stop.
  13. Accept small loss, Avoid Big Loss

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