Archive for March, 2008
Tuesday, March 18th, 2008
The Liquidity Crisis
Below is a post by MF Global that Ana asked me to post to the list. Thanks Ana for the info.
At my private blog, we had some posts asking if legislation requiring segregated accounts would be enough. The answer is no.
The problem arises when a broker who ought to maintain segregated accounts fails to do so. […]
1 Comment » - Posted in Miscellaneous by ray
Tuesday, March 18th, 2008
The Matrix
As a discretionary trader, I developed the Matrix rating as an objective tool to double-check my assessment. The original format gave way to one I saw in Pruden’s “The Three Skills of Top Traders”. This is the format I adopted in the Nature of Trends. After I complete my analysis, I begin the matrix - […]
4 Comments » - Posted in Written Plan by ray
Monday, March 17th, 2008
The Risk of Intervention
Call me chicken, but except for a small short position in the ADUS, I closed out all my currency shorts: I had short positions in the GBP/JPY (203.47) and the USD/JPY (99.87).
To understand why, you need to understand that I ‘grew up’ trading forex in an environment that had an eye cocked for government intervention […]
12 Comments » - Posted in Written Plan by ray
Friday, March 14th, 2008
Comparing Apples with Apples: ATR
A quick one folks. I have to fly to Hong Kong first thing tomorrow so and I still have a million-and- one things to do.
Tonight, I’ll answer the questions raised about ‘what period ATR to identify mean ranges’. The key principle is to ensure I am comparing similar populations - similar in structure volatility. Figure […]
2 Comments » - Posted in Written Plan by ray
Thursday, March 13th, 2008
An Assessment of a Mechanical Plan: For Newbies
I have to admit that much of what I write about caters to the more experienced trader. So, to balance the scales, this blog is for the ‘newbie’.
Ten to Fifteen Percent of my net income goes to continuing education - in the form of e-books, books and seminars. Most fail to add to my bottom […]
15 Comments » - Posted in Written Plan by ray
Wednesday, March 12th, 2008
The Nature of Returns
Through the years I have sought to improve my returns. Initially I sought market knowledge; then I focused on self-awareness and knowledge of self - I especially looked for ways to improve my decision making skills. Nowadays, I focus at improving my net returns by delving into the nuances of the Expectancy Return and Expectancy […]