Archive

Archive for October, 2009

Former Chinese Muslim Detainees Arrive in Palau

October 31st, 2009
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A source says six Chinese Muslims who had been detained at Guantanamo Bay have arrived in the tiny Pacific nation of Palau for resettlement.
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financials

Israel Makes West Bank Concessions

October 31st, 2009
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Secretary of State Clinton says Israel putting significant limits on settlement activity in West Bank
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financials

Foreign Bonds Can Provide a Buffer If the Dollar Declines

October 31st, 2009
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Investors typically buy foreign bonds as protection against inflation but some strategists say they’re really more of a bet against the dollar.

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financials

The Most Secretive Financial Center Is…Delaware?

October 31st, 2009
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SEC in Settlement Talks With Bank of America, UBS

October 31st, 2009
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SEC Accuses 7 at San Francisco Fund of Insider Trader

October 31st, 2009
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Funds holding Futures

October 31st, 2009
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Posted by Engy in the Energy Futures forum:

Other than the ETFs… what other types of funds hold energy futures contracts month over month?

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financials

How would you trade these systems ?

October 31st, 2009
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Posted by M Jared in the Trade Management forum:

Hello ET’rs

I would like to get some opinions on how you would trade these systems based on these results

Systems trades the YM.I will post results from 2005 and 2009.The profit target is 20 points in 2005 and 40 points in 2009,difference being volatility.I will list how many points the price pulled back after my buy signal had been hit before it showed a 20(2005) or 40 point profit(2009).If it did not reach a 20 or 40 point profit or went more then 30 /60 points against my buy price the trade is considered wrong/stopped out

Testing shows the best profit with a 20/40 target and 30/60 stop. does well with a 20/20 target and 20 /40 stop as well,but buying on pull backs can raise the risk/reward ratio and allows for the buying of more contracts as the the risks is smaller and the reward is higher.I also don’t like risking more to make less.Also would you raise the price targets higher then 20/40 points or scale into positions and or use trailing stops etc

System 1 2005

-8 +32
-12 +26
-8 +23
-1 +21
-15 +79
-28 +28
-6 +32

x x Trade wrong,did not make 20 point profit or went more then 30 points before makeing 20 point target

-20 +52
-4 +33
-21 +69
-9 +24
-15 +28
-14 +76
-13 +75
-2 +60

x x Trade wrong,did not make 20 point profit or went more then 30 points before making 20 point target

Only 2 trades did not make a 20 point target or went over 30 points before making 20 point target

———————————————————————————–

SYSTEM 2 2005

-2 +29
-10 +110

x x Trade wrong,did not make 20 point profit or went more then 30 points before makeing 20 point target (-39 +45)

-4 +28
-14 +78
-11 +30
-4 +52
-4 closed +17

x x Trade wrong,did not make 20 point profit or went more then 30 points before makeing 20 point target

-10 +40
-16 +42
-12 +23
-2 closed +10
-2 +48

x x Trade wrong,did not make 20 point profit or went more then 30 points before makeing 20 point target

———————————————————————————–

System 1 2009.

Profit target is 40 points due to change in volatility

-8 +91
-10 +282
-5 +58

x x Trade wrong,did not make 40 point profit or went more then 60 points before makeing 20 point target

-16 +113

x x Trade wrong,did not make 40 point profit or went more then 60 points before makeing 20 point target

-2 +55
-11 +169

x x Trade wrong,did not make 40 point profit or went more then 60 points before makeing 20 point target

-21 closed +34
-22 closed +37

x x Trade wrong,did not make 40 point profit or went more then 60 points before makeing 20 point target

-32 +63
-8 +43
-27 +49
-0 +41

x x Trade wrong,did not make 40 point profit or went more then 60 points before makeing 20 point target

-20 +129

———————————————————————————-

SYSTEM 2 2009

-9 +213
-1 +62
-26 +62
-27 +56
-8 +254
-9 +124
-4 +79

x x Trade wrong,did not make 40 point profit or went more then 60 points before makeing 20 point target

-7 +46
-1 +101

x x Trade wrong,did not make 40 point profit or went more then 60 points before makeing 20 point target

-23 +141

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financials

Does anyone use IB’s Charts?

October 31st, 2009
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Posted by 1flyfisher in the Trading Software forum:

I have been trying to figure out this bloated mess all morning. I tried to do a webinar for it but the audio was terrible. I put up with that for 45 minutes but couldn’t take it any more. Then I tried to run the demo from the website, it wouldn’t run.
Does this charting program have any indicators?
I have 50 million buttons and can’t find any available indicators to apply to the chart.

I am considering trying to use it Mon morning and see if I can use it. I’d like to give it a try. Took me forever just to find out how to change colors. Am I wasting my time trying to learn this pig?

So far I have found it to be a bloated clustered up mess with way too much unintelligible crap to wade through that for the life of me I have no idea what it does(whenever I open up a feature), ….Does it get any better after a day or two?

I’m ready to send Ameritrade the 25K and open an account of some sort to get QT back.

What are your thoughts on it?
I think I’m done with it already but may give it a shot mon/tue.

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financials

Goldman left foreign investors holding the subprime bag

October 31st, 2009
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Posted by ipatent in the Wall St. News forum:

http://www.dailypress.com/travel/sns-200910301640mctnewsservbc-economy-goldman-3-ex,0,2784980.story

NEW YORK Inside the thick Goldman Sachs investment circular were the details of a secret, $2 billion deal channeled through a Caribbean tax haven.

The Sept. 26, 2006, document offered sophisticated U.S. and European investors an opportunity to buy into a pool of supposedly high-grade bonds backed by residential, commercial and student loans. The transaction was registered through a shell company in the Cayman Islands.

Few of the potential investors knew it, but the ratings of many of the mortgage securities hid their true risks and, in some cases, Goldman’s descriptions exaggerated their quality.

The Cayman offering one of perhaps dozens made through the British territory occurred as Goldman began to ditch the subprime mortgage business before the U.S. housing market collapsed under an avalanche of homeowner defaults.

In all, Goldman sold more than $57 billion in risky mortgage-backed securities during a 14-month period in 2006 and 2007, including nearly $39 billion issued from mortgages it purchased. Meanwhile, the firm peddled billions of dollars in complex deals, many of them tied to subprime mortgages, in the Caymans and other offshore locations.

Many of those securities later soured, but the sales allowed Goldman to become the only major U.S. investment bank to escape the brunt of the subprime meltdown.

One bond analyst who reviewed the 2006 Cayman deal dismissed it in a report to clients as “a not so cleverly disguised way for Goldman Sachs & Co. to unload its unwanted exposures to the subprime real estate market onto foreign investors.”

Goldman spokesman Michael DuVally said that the firm “sold mortgage securities only to sophisticated investors” and disclosed “all the appropriate information available.”

McClatchy Newspapers also found at least two instances in which Goldman appeared to mislead investors. In one, the firm said that $65.3 million in securities were backed by safe “prime” mortgages when the same loans had been labeled a cut below prime in a U.S. offering. In the other, Goldman listed $10 million as “midprime” loans when the underlying mortgages had been made to subprime borrowers with shaky finances.

DuVally said that the descriptions were consistent with the standards set by Moody’s, the bond-rating agency.

The secret Cayman Islands deals provide a window into one method that Goldman and other Wall Street firms used to draw European banks and other foreign financial institutions into investing hundreds of billions of dollars in securities tied to risky U.S. home loans.

Experts estimate that Wall Street investment banks sold 25 percent to 50 percent of these bonds and related securities overseas, resulting in massive losses in Europe and elsewhere when the market collapsed.

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financials