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/
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
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
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
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.
Uncategorized 4:47 pm
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.
