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All Clear to Load up

Far from clear, situations is getting more messy by the days which made the investement arena fill will volatility and RISK.......still not yet out of the wood.

Load UP??????

To hold the baby for BB??????

Bearing in mind that STI as well as markets globally is still at all time high.........trade with care.

 

Definitely NOT time to load up now!!!

Like what elfie says...  BBs do have an agenda for making certain statements sometimes. 

 

US stock 1 day up,next day down is nothing usual these days....sublime prob not solved this up and down will continue...yesterday a lot of penny stocks were traded at crazy prices...wonder if the buyers really know wat they were actually buying...too fast to buy at such high price...they gonna suffer great losses soon....

 

Wah piang... where got All Clear to Load Up???!!

Dow crash 207 points last night!!!! 

 

just as we thought we got a mini triple bottom at 13200 now we got a triple btm at 13250, now we got a "shock"

 

Currencies trades in pairs so you cannot just buy EURO itself.  You have to buy one currency and sell the another.  So when you say devalue the EUR or USD, I dont quite understand what you meant.  Currencies are typically affected by Interest Rates, M&A Flows, Trade & Capital Flows, Politics (yes) and Economic Growth.  I would think the current subprime problems are related to Interest Rate.

Currencies can have drastic drop (collapse) as well as we have witnessed EUR/USD (buy EUR sell USD) trading at a high of 1.3837 to 1.3573 as we speak. To the consumers that's only 2.5cts +/- but to the forex trader thats 264 basis points down within 8 trading days. If you held LONG position at 1.3835 with 100K of EUR/USD (assuming a 1:200 leverage, ) you would have a paper lost of 2620USD.

GBP/JPY declined from a all time high of 251.07 to 236.06 within less then a month.  Thats almost 1500 basis points. The lost with the same amount of currencies bought would have be more - 15000USD.

Every intraday can have high volatility swing as well.

I still find stocks attractive esp during this period, mebbie you should discover within yourself as to why stock is looking less attactractive before deciding a change as its a different ball game altogether.

 

Hi Kilroy,

Wondering if I could seek some advice from you regarding forex, considering it's pretty tough to find experienced local opinion who trade this instrument. May I know your perspectives on the recent monetary injections by the central banks? Do you expect it to somewhat 'devalue' the EUR and USD significantly for a pretty extended period, notwithstanding the central bank interest rates?

I figure, if stocks are beginning to look less and less attractive in terms of the risk/reward potential in the mid-term, perhaps it's time to do a serious review of other potential instruments to trade. Stocks can collapse, but currencies seldom do so... unless one whole country defaults.

 

 

 

yea. you aren't the only person to comment on my typing speed. hehe.

then what do ppl talk abt before the trade? how much they can make? guess one has to keep that in mind, but need to keep in mind too the cut loss level, isn't it? altho must admit, the latter is very, very difficult to do, esp when you have the hindsight that, 'bleep bleep bleep, why oh why didn't i sell then?!?!??!?! *wail*'.

keke. yah. need to sleep and stop hovering around the DJIA. insanity of being an elf. dang, looks like DJIA is recovering. byebye SJ! :)

 

my god, you replied so fast....~ Your typing speed must be like lighting speed.

Can do both together since its now a second nature. I kinda jump the gun since we are talking abt FA/TA and since majority dont really talk about those prelude before the trade.

I can let the heroes go first too. hehehe. I am ok to make less but sure.

Yeah GBP ~ typo.

I am sure your PUTS will be fine. *wink*

Gd luck and good night.

 

yea. that's why i'm learning FA. i've been reading company reports almost every night. i think my family thinks i'm insane. hahahaha.

erm. isn't the first thing one looks at the risk/reward ratio? ie, how much can i potentially lose, before i decide to short/long?

at least, that's how i do it... for tech scalping (long, since i don't play shorts)...ie, look at potential downside and viable support level (for the cut loss), then the upside, and then weigh to see if it's worth the risk.

or ok, mebbe that's just me. but it's ok, i can let the heroes go first.

:P

?? you mean GBP right? is there a GBY currency? *blur* ooh, forex looks like a golden minefield of a paradise to a techie like me. The Last Frontier. ooh.

heehee.

okok, need to sleep. got a long day at work tmrw. time to sell my puts! wheee. wish me luck.  

 

Me a FA person. Ah .. I think you mistook me for someone else.  I believe most of my posts speak of resistance and support. hehehe.

I think FA is important at least for me, I need to get some FA people to annouce to me that those companies stocks I am interested to trade/invest are fundamentally sound before I pull the trigger.  This person will also need to provide continuous insight to the companies financial report as long as I am vested.  This person happens to be my good friend so we do meet once in a while. Also peiseh to disturb him too much.

Ah .. I see you look at potential losses on shorting risk rather then profit opportunities on the ability to short.  Good reminder.

This recent 'correction/bear' is really nothing to those who trade forex.  Each day we are present with 100 basis point up and/or down (worse if you trade crosses such as GBY/JPY) and the volatility can really kills if you dont anticipate and be discipline with your stop losses.

Enuff said, prob bored you to death already ha.

 

am thinking the cfd thing is a good idea...

ehhhhh....i thought you were an FA guy?!!

no one converts an elf! muahahhahahaha. :P

gah! you're sounding more and more like a friend of mine, only, he's an FA purist.

think it's a personality thing... i'm too skittish and too pessimistic (or is it realistic?) to be a pure FA person. Can be pure TA, but pure FA would sure as hell cause me sleepless nights. so, guess it's a simple thing. play with, not against one's personality. sure is a tough lesson to learn tho. erk.

actually. put it in a positive light: if you can only play long, it means you lessen your potential losses too.  

 

I do NOT do shorting for SG STOCKS but YES for Forex.  For the disadvantages that the SGX ruling presents, I find it 'too risky' for my liking so .. there, you have my word for it. :)  Thats why I am soooooo strict with my stock buys coz I am already at a disadvantage in this game - playing it one way -LONG ONLY. Bookmark this post. hehe.

' Half a mind never to believe in FA ' ??? I see a convert soon. *wink*.

Yes a picture paints a thousand words and best of all, it doesnt buff unlike manipulative reports.  Also when you look at the picture, there is no noise. Its quiet.  What you see is what you get. The purest form.

 

hehe. gotta love that emoticon. it's damn cute. dow dropping.

13159.07

-77.46 / -0.59%

 

hehehe. can't help it, singaporegal. (hugs to you! keke). too much mixing with the bbs. was speaking to a broker from one of the houses just the other day. suffice to say, it's flipping all manipulated, esp the pennies, since they're cheaper. i've half a mind never to believe in fundamentals and FA anymore. if one cannot get insider access, the next best thing, really, is techs. if you're willing to see it, it shows you the picture of what is actually happening, more so than any analyst's call on a stock.

i mean, isn't it true, esp from actual raw busd data, that most of the times when they issue buy calls, what you see on screen is large lots selling, small lots buying?

does kilroy do shorting?

 

ROLF ~

 

Hehehe... conspiracy theory...... 

 

eheh, kilroy, there's another possibility:

Goldman has FINISHED selling. Morgan stanley has NOT FINISHED selling.

:P

just thinking from the perspective of a BB...

 

The all clear signal is pretty good to hear but as a small time trader/investor, I would really like to WAIT and SEE the big institutional players put their money where their mouth is BEFORE I follow.

The clear signals I'm looking out for are steady uptrending of the STI, supported by a large base of advancing stocks with healthy volumes (> 2.5 billion shares daily)

 

In Summary...

Morgan Stanley FINISHED loading up.

Goldman Sachs HAVE NOT FINISH loading up.