Premium Sign up here |
Spring 2012 Grahm & Doddsville news letter issue 15
Milton Friedman - the role of government in a free society.via BasicEconomics
George Soros: The Lecture Series
*Warning* For finance geek's only The Universal Principle of Risk Management: Pooling and the Hedging of Risks..
Statistics and mathematics underlie the theories of finance. Probability Theory and various distribution types are important to understanding finance. Risk management, for instance, depends on tools such as variance, standard deviation, correlation, and regression analysis. Financial analysis methods such as present values and valuing streams of payments are fundamental to understanding the time value of money and have been in practice for centuries.
25 Million Pounds
A documentary by Adam Curtis about rouge trader Nick Leeson. Who in the 90's lost 827 million speculating on futures and in the process bought down Barings bank Britain's oldest merchant banks. This is everything you don't want to be traders so pay attention so it won't be you!
REUTERS' Chrystia Freeland on her show Freeland Files recently spoke with finance giant Roger Altman. A must see.
Does Central Bank Independence Frustrate the Optimal Fiscal-Monetary Policy Mix in a Liquidity Trap? by Paul McCulley and Zoltan Pozsar
This is what might be the best macroeconomic paper of the decade. It's a must read TWICE! Internalize this, it's worth it....
Fed Chairman Ben Bernanke's 4 part lecture series.
The Effects of the Great Recession on Central Bank Doctrine and Practice Remarks by Ben S. Bernanke
Macroeconomics of The Great Depression: A Comparative Approach By Ben S. Bernanke
Dr Hollenbeck joins DukascopyTV's Kate Wathall (Again!) to discuss ECB inflation control. He thinks the ECB could be underestimating the problems by, "focusing on the area of the forest which isn't burning, whilst the rest of the forest is burning around you".
A great, quick, concise explanation of the Mercantilist trade policy and the potential harm the new US trade agency could reap... From DUKASCOPY
Warren Buffett's Latest Shareholders Letter
Marc Faber on BloombergTV
Feb. 2 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, talks about the outlook for global financial markets, Europe's debt crisis and his investment strategy. Faber also discusses Facebook Inc.'s initial public offering and reports Glencore International Plc is nearing an agreement to combine with Xstrata Plc. He speaks with Susan Li and Rishaad Salamat on Bloomberg Television's "Asia Edge." (Source: Bloomberg)
George Soros talking to REUTERS about an array of things
from Euro problems to Russia to Obama -vs- Romney
Fed White Paper on Housing
Cambridge House International Interviews Doug Casey
Doug Casey is a fucking G to the 110th power. Fuck Soros and everybody else THIS is the soundest advice I've heard in a Loooong time.
Ben S. Bernanke
Princeton University
December 1999
Japanese Monetary Policy: A Case of Self-Induced Paralysis?*
FIAT MONEY INFLATION IN FRANCE
How It Came, What It Brought, and How It Ended by Andrew Dickson White
Don't be this guy!!! Sell, Sell, Sell!!!
This is a text book example of what not to do when a position goes against you. Don't sit there thinking it'll come back! And don't blame the market! Take action! And blame yourself! The faster you take responsibility, the faster you can take action! Don't be this guy!!
Free report from chartadvisor.com: Five Chart Patterns You Need to Know.
|
The Winners and Losers of the Zero Sum Game: The Originsof Trading Profits, Price Efficiency and Market Liquidity
Here's a link to a PDF written by Prof. Larry Harris (pictured) that every trader should read whether you agree or not. Read it here...
|
The Clear Method
This is an entry method I came across in my studies. I first heard of it in an article writen by Ron Black. It's simple and it works, the most important two things you can find in a trade indicator or method.
It works going short or long on any time frame and it has no delay! I know, right? Sounds too good to be true, but it's not. It's called the clear method because you watch for the bar that clears the bar before the last bar of a swing. The example I use is of a long trade but it can be used short also.
It works going short or long on any time frame and it has no delay! I know, right? Sounds too good to be true, but it's not. It's called the clear method because you watch for the bar that clears the bar before the last bar of a swing. The example I use is of a long trade but it can be used short also.
We're looking at a down swing in Ford [F] at the end of June 2010. The two pink horizontal lines show the price range of the bar before the last down bar. In the article they were using the last bar but I tweeked it to give a more definitive signal in my view. So, any bars after the bar before the last down bar that has price action inside the two pink horizontal bars (price action of the bar we want cleared) are noise. We're looking to get long so we want to enter on the first bar that clears on the up side. If we were going short we'd look for the first bar to clear to the down side after a sizeable run to the up side so this is basically a reversal indicator. You'd want to enter on the first clear bar and no later than the second clear bar. This is the tricky part because how do you know the first clear bar will clear? Well I usually wait until the end of the day and watch like hawk. Around 3:50pm 10 minutes before the market closes I put my buy or sell order in according to the direction I'm trading. The chart below shows what happens with the rest of the move.
As you can see we got a nice swing higher, as you can also see we got a pull back. You could have held on or set up a short clear trade. Your exit if your being cautious is the last bar that makes another high and your entry on the short side would be the first bar that clears the bar before the last up bar. Look at chart after chart and you will see these set ups. I use this method a lot, so I can speak for it's worth.... It works. Like any indicator it doesn't work 100% of the time, but nothing does. You want indicators with the highest possible chance to work. In my experience (ans it's limited) it works about 85% of the time, you don't get much better than that. Look at a few charts and decide for yourself. If nothing else it's worth a look!
Disclaimer
Chartsnfundies is not a registered investment advisor. The information contained in the ChartsNFundies website is not intended to be, and shall not constitute, an offer to sell nor the solicitation of any offer to buy any security. The information presented in the chartsnfundies website is provided for informational purposes only and is not to be treated as advice to make any specific investment. Please consult with an independent investment advisor before making an investment decision.
The opinions and analysis included in this website are based on factual information obtained from public filings and other sources deemed to be reliable and are provided "as is" in good faith, but no representation or warranty, expressed, implied, or statutory, is made as to the accuracy or completeness of such information, which may be subject to change without notice. Chartsnfundies shall not be liable for any errors or any actions taken in reliance thereon. Statements of opinion and belief are those of the authors and/or editors of this website, and are based solely upon the information possessed by such authors and/or editors; no inference should be drawn that SBOP or such authors or editors have any special or greater knowledge about the companies profiled or any particular expertise in the industries or markets in which the profiled companies compete.
Factual information on this website is obtained from public filings and other sources deemed to be reliable; however, ChartsnFundies takes no responsibility for verifying the accuracy of such information and makes no representation that such information is accurate or complete. Certain statements included in this website may be forward-looking statements based on current expectations. Chartsnfundies makes no representation and provides no assurance or guaranty that such forward -looking statements will prove to be accurate. Readers are urged to consult with independent financial advisors with respect to an investment in any company profiled herein. Investors should independently verify information provided in the SBOP website by completing their own due diligence on any company in which they are contemplating an investment and review a complete information package on that company, which should include, but not be limited to, the company's annual reports, quarterly reports, press releases, and regulatory filings.
Neither Chartsnfundies nor its officers, directors, partners, employees, consultants nor anyone involved in the publication of this website is a registered investment adviser or broker/dealer and none of the foregoing make any recommendation that the purchase of securities of any company profiled in this website is suitable or advisable for any person or that an investment in such securities will be profitable. Past performance of profiled securities is not indicative of future results. Companies profiled in this website may lack an active trading market for their securities and investing in such securities is highly speculative and carries a high degree of risk. Anyone investing in these companies should be able and prepared to bear a loss of his or her entire investment. The information on this website is not designed to be used as the basis for an investment decision. You should confirm to your own satisfaction the veracity of any information prior to entering into any investment. The decision to buy or sell any security that may be featured by Chartsnfundies is done purely at the reader's own risk. Under no circumstances will its owners, officers, or employees be held liable for any losses incurred by the use of information contained in this website.
Chartsnfundies and its employees and affiliates may own, or may buy and sell, securities of companies profiled in this website at any time before, during, or after distribution of information on the companies by Chartsnfundies . Chartsnfundies and its employees and affiliates may profit in the event the shares of the companies increase in value. Such securities may be sold from time to time even after Chartsnfundies has distributed positive information regarding the companies. Chartsnfundies does not guarantee that it will purchase the securities of profiled companies. Chartsnfundies has no obligation to inform readers of its trading activities or the trading activities of any of its employees and/or affiliates.
The opinions and analysis included in this website are based on factual information obtained from public filings and other sources deemed to be reliable and are provided "as is" in good faith, but no representation or warranty, expressed, implied, or statutory, is made as to the accuracy or completeness of such information, which may be subject to change without notice. Chartsnfundies shall not be liable for any errors or any actions taken in reliance thereon. Statements of opinion and belief are those of the authors and/or editors of this website, and are based solely upon the information possessed by such authors and/or editors; no inference should be drawn that SBOP or such authors or editors have any special or greater knowledge about the companies profiled or any particular expertise in the industries or markets in which the profiled companies compete.
Factual information on this website is obtained from public filings and other sources deemed to be reliable; however, ChartsnFundies takes no responsibility for verifying the accuracy of such information and makes no representation that such information is accurate or complete. Certain statements included in this website may be forward-looking statements based on current expectations. Chartsnfundies makes no representation and provides no assurance or guaranty that such forward -looking statements will prove to be accurate. Readers are urged to consult with independent financial advisors with respect to an investment in any company profiled herein. Investors should independently verify information provided in the SBOP website by completing their own due diligence on any company in which they are contemplating an investment and review a complete information package on that company, which should include, but not be limited to, the company's annual reports, quarterly reports, press releases, and regulatory filings.
Neither Chartsnfundies nor its officers, directors, partners, employees, consultants nor anyone involved in the publication of this website is a registered investment adviser or broker/dealer and none of the foregoing make any recommendation that the purchase of securities of any company profiled in this website is suitable or advisable for any person or that an investment in such securities will be profitable. Past performance of profiled securities is not indicative of future results. Companies profiled in this website may lack an active trading market for their securities and investing in such securities is highly speculative and carries a high degree of risk. Anyone investing in these companies should be able and prepared to bear a loss of his or her entire investment. The information on this website is not designed to be used as the basis for an investment decision. You should confirm to your own satisfaction the veracity of any information prior to entering into any investment. The decision to buy or sell any security that may be featured by Chartsnfundies is done purely at the reader's own risk. Under no circumstances will its owners, officers, or employees be held liable for any losses incurred by the use of information contained in this website.
Chartsnfundies and its employees and affiliates may own, or may buy and sell, securities of companies profiled in this website at any time before, during, or after distribution of information on the companies by Chartsnfundies . Chartsnfundies and its employees and affiliates may profit in the event the shares of the companies increase in value. Such securities may be sold from time to time even after Chartsnfundies has distributed positive information regarding the companies. Chartsnfundies does not guarantee that it will purchase the securities of profiled companies. Chartsnfundies has no obligation to inform readers of its trading activities or the trading activities of any of its employees and/or affiliates.
