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Dear All,
Here is to a new beginning on the new improved Khalsaspad.
I have started the daily thread here on the free side for all those that wish to use it.
I wish you all the very best in your trading.
See you around here as I will be happy to join in conversations whenever possible
All the best.
Regards,
Khalsa
Plan your trade, trade your plan!
You bet Hoggy, especially if you SUBSCRIBE to a thread (button at the top of the thread above), that way you will get emails each time someone posts.
Plan your trade, trade your plan!
.Can’t see a subscribe button, only an unsubscribe button next to favorites button.
Thats good, that means you are subscribed already. Its the same button so if you press it again, it will say SUBSCRIBE, and keep toggling between the two.
If you get this email and other others that means you are subscribed.
Plan your trade, trade your plan!
Tested jm.
Love these email alerts. I am currently out but just got an email alert to your post
Plan your trade, trade your plan!
<b>For now hostilities are off the agenda in Syria thanks in no small part to Russia’s vested interests in the region – they very rarely do anything altruistically if ever… The markets however still have a few “minor” skirmishes to contend with, as we contemplate the approach of Halloween, and in no particular order they are; tapering, who will lead the Fed when we say good riddance to Bernanke in January and the small matter of the debt ceiling.</b>
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<b>The first two are done deals; accommodation of the third will require some heroic pork barrelling by senators and congressmen alike, who are forever in debt to their corporate benefactors; a fact they will be reminded of daily by the lobbying fraternity. For every member of the legislature there are five Washington lobbyists. When you consider that donations to political parties and candidates are effectively unlimited does that number really surprise you. Equally quite how the powers that be can insist that America is run on democratic principles is frankly beyond me.</b>
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<b>And sitting above this unholy trinity is the banking system where the real power lies. One hundred years ago the Federal Reserve was brought into existence and it has been undermining the monetary system ever since. The value of a dollar has been eroded almost completely since then so you can’t really disagree with that statement can you? The Fed is a private company owned by the banks; Goldman Sachs, JP Morgan, Morgan Stanley – you get the picture. It’s a fact that the chairman is appointed by the President, but when those same bankers can demand and get $750 billion (TARP money) “or else” what objection is he going to raise?</b>
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<b>Janet Yellen is an academic and looked to be the favourite only a few short months ago, but she was not connected to, nor had any particular love for, the banksters, but was keen to maintain the monetary policy status quo. So with perfect timing the story was put about that Obama wanted someone to change all that and good old Larry Summers was just your man. He is not a GS alumni, but his mentor Robert Rubin most definitely was and between the two of them they persuaded Bill Clinton that regulation of the derivatives market was unnecessary (Greenspan concurred). He was also instrumental in the repeal of the 1933 Glass–Steagall Act which allowed investment and commercial banking operations to be co-mingled. Both initiatives arguably accelerated if not directly caused the financial meltdown. With this kind of influence, does Obarmy have a choice?</b>
<b>This leaves the question of tapering. The Fed have all but painted themselves in, but the likelihood is that the first cut will be modest, just $10 billion, and more importantly guidance will suggest that it will remain at this level until the Fed sees some “further” signs of improvement in the economy, which will not happen until Ben has received his gold watch in 2014.</b>
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<b>And while we wait to see the markets’ reactions to these battles here’s a quotation to be getting on with from someone who did meet his Waterloo. <i>”When a government is dependent upon the bankers for money, they and not the leaders of the government control the situation, since the hand that gives is the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”</i>- Napoleon Bonaparte CH</b>
Indeed this mega rally across the board is all due to Summers quitting from the race and Yellen becoming a possible favourite.
She is very pro QE etc.
More QE = more pump
Plan your trade, trade your plan!
Caught with my shorts down again, surly the ES Aug high need to provide good resistance?
TREND has been back to up for about 2 weeks now Vrost.
Shorts have been scalps only and longing the dips has been the game.
No surprise with todays move really.
However as you say we need to see if its a lower high, double top, or higher high in SPX here.
With crooks quad oe on Friday, it is very unlikely the high is in today.
Plan your trade, trade your plan!
Very well my friend and so happy to finally have email alerts on posts.
Sitting here whole days nowadays is difficult for me so to be alerted whenever I am to a post and to be able to read it and then reply, is great.
Trading is good and nowadays its about quality and not quantity. I love scalping but now it has to be just right before I take a trade otherwise I walk away.
Sadly no choice as the QE market is so different from the past markets we are accustomed to .
Today is WNER spectacular!
Now today its all about where we open and where we close.
In between if I can make 3-5 points, that will make my day.
Plan your trade, trade your plan!
So glad to hear you are doing well! ‘QE’ so much for free markets ( no such thing).
New site looks great and email alerts is defo the way to go, makes life a lot easier.
Without sounding too cheeky were you seriously considering a week’s free trial to subs?
Thanks for the kind words and the new site was long overdue really.
lol Arj, nice one. “If you don’t ask, you don’t get”.
Sure I am, to those that contribute to the free side here. So hey, you have qualified already lol.
It will probably be for next week though as I would prefer to have a few in at the same time so that I can answer any newbie questions at once.
I hope that helps.
Plan your trade, trade your plan!
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