How to buy a farm house by trading markets!

[pipshower]

First of all in his own words Jim says "I am the worst market timer". Just think about it, world population is increasing by leaps and bounds but the agricultural production is not increasing in the same ratio. Companies in China and India are buying lands in other countries to keep up their food supply. So some day commodities will come to their real values, but the questions is when??

Jim Rogers same as Peter Schiff is an investor not a trader. He is known as Buffett of commodities, so why is he not much popular and a top billionaire?? In 2006 Peter Schiff and Jim Rogers with many other economics said that US economy is going to collapse some day. Schiff specifically called the housing bubble. So Jim kept on going long on commodities and Peter short on equities. But real profit came only after November 2007. Around a whole year and a half later .

Its not a big deal to understand that oil and commodities are way undervalued at this point in time and will eventually reach their real values. But the question is can we as a trader who want to make a living out of the markets hold on to the positions and possibly big drawdowns in the mean time. We do not have a fund to manage and duration of such a trade could be in years.

I bet i wouldnt have said it better...
You said it precisely to the point ...
They are investors --the fund managers...
We as small investors need to understand the point precisely in matter of time ...Time is very important for us . So what we need looking for is a perfect timing to enter a trade and also patience to do so and hold on till the trade has reached its definite target ...


Regards
Pipshower

 

[yasirdxb]

USD index at critical levels. I dont think it is going to take out the previous high at least for now. though the index managed to break the high last week, the close was within the range. next week will be volatile with many central banks announcing rate cuts and there is the NFP.

 

[yasirdxb]

New Trade:-

Aud/usd long @ 0.6350 - stop loss @ 0.6000 - target @ open

New Limit Order:-

Usd/cad short @ 1.2950 -stop loss @ 1.3250 - target @ open

Open Trades:-

Eur/usd short @ 1.2795 - stop loss @ 1.2795 - target @ open

Gbp/usd Long @ 1.4250 - stop loss @ 1.3850 - target @ open
-----------------------------------------------------------

News Bits
---------

Canadian Finance Minister Jim Flaherty said the countrys statistics agency will announce a substantial drop in fourth-quarter output next week. Flaherty made the comments in an interview with the Canadian Broadcasting Corp. today. He told CTV in a separate interview economic data would continue to get worse. Canadas economy is struggling because of weak demand from the U.S., the countrys main market, and slumping prices for commodities such as oil.

 

[vvvv]

surely ull buy 1 after gettin adheer banned

 

[yasirdxb]

News Bits

The Reserve Bank has defied expectations by leaving its key interest rate on hold while waiting for the full effect of previous rate cuts to spur the economy. The dollar soared on the news. The central bank left the cash rate at 3.25%, the lowest since 1964. Analysts had forecast a 25 basis-point cut. ''In Australia, demand has not weakened as much as in other countries and, on the basis of currently available information, the Australian economy has not experienced the sort of large contraction seen elsewhere,'' RBA Governor Glenn Stevens said in an accompanying statement.

A barrage of bleak economic news from the final quarter of 2008 in the past several days has solidified expectations of another 0.5-percentage-point rate cut from the Bank of Canada Tuesday, although the central bank isn't likely to alter its forward-looking outlook much in response to the recent data. Following Friday's news of a larger-than-expected $7.49-billion current account deficit Canada's first quarterly shortfall in almost 10 years the nation's fourth-quarter 2008 gross domestic product was reported Monday to have contracted 3.4 per cent at an annualized rate.

Fewer Americans signed contracts to buy previously owned homes in January, signaling the housing slump will extend well into a fourth year, economists said before a private report today. The index of pending home resales fell 3.5 percent after a 6.3 percent gain in December, according to the median forecast in a Bloomberg News survey of 32 economists. A lack of credit and record foreclosures that are pushing property values even lower may keep prospective buyers out of the market for much of 2009.

 

[yasirdxb]

Follow ups

Usd/cad short order filled @ 1.2950.
Usd/cad short @ 1.2950 -stop loss @ 1.3250 - target @ open

Aud/usd long trade:- stop loss order moved @ 0.6250
Aud/usd long @ 0.6350 - stop loss @ 0.6250 - target @ open

Gbp/usd long @ 1.4250:- stop loss order moved @ 1.3925
Gbp/usd Long @ 1.4250 - stop loss @ 1.3925 - target @ open



Eur/usd short @ 1.2795 - stop loss @ 1.2795 - target @ open

Trade closed @ 1.2530

P/L = +265 pips

 

[ag_fx]

Re: Follow ups

Usd/cad short order filled @ 1.2950.
Usd/cad short @ 1.2950 -stop loss @ 1.3250 - target @ open

Aud/usd long trade:- stop loss order moved @ 0.6250
Aud/usd long @ 0.6350 - stop loss @ 0.6250 - target @ open

Gbp/usd long @ 1.4250:- stop loss order moved @ 1.3925
Gbp/usd Long @ 1.4250 - stop loss @ 1.3925 - target @ open



Eur/usd short @ 1.2795 - stop loss @ 1.2795 - target @ open

Trade closed @ 1.2530

P/L = +265 pips

what is meant by sl order moved @?
does dat mean ur SL were hit?

 

[yasirdxb]

Re: Follow ups

what is meant by sl order moved @?
does dat mean ur SL were hit?

How could that be Ankit? The market never traded on that price!

when I say sl order moved, I am just moving them closer.

In this case the initial stop loss orders were at 0.6000 and 1.3850 respectively.

 

[ag_fx]

Re: Follow ups

what is meant by sl order moved @?
does dat mean ur SL were hit?

Usd/cad short order filled @ 1.2950.
Usd/cad short @ 1.2950 -stop loss @ 1.3250 - target @ open

Aud/usd long trade:- stop loss order moved @ 0.6250
Aud/usd long @ 0.6350 - stop loss @ 0.6250 - target @ open

Gbp/usd long @ 1.4250:- stop loss order moved @ 1.3925
Gbp/usd Long @ 1.4250 - stop loss @ 1.3925 - target @ open



Eur/usd short @ 1.2795 - stop loss @ 1.2795 - target @ open

Trade closed @ 1.2530

P/L = +265 pips

How could that be Ankit? The market never traded on that price!

when I say sl order moved, I am just moving them closer.

In this case the initial stop loss orders were at 0.6000 and 1.3850 respectively.

I cudnt track the markets and thus dint know wat levels havebeen hit and what not...

Also,your first post above confused me..Its clear now though

Thnks

 

[masterjee]

First of all in his own words Jim says "I am the worst market timer". Just think about it, world population is increasing by leaps and bounds but the agricultural production is not increasing in the same ratio. Companies in China and India are buying lands in other countries to keep up their food supply. So some day commodities will come to their real values, but the questions is when??

Jim Rogers same as Peter Schiff is an investor not a trader. He is known as Buffett of commodities, so why is he not much popular and a top billionaire?? In 2006 Peter Schiff and Jim Rogers with many other economics said that US economy is going to collapse some day. Schiff specifically called the housing bubble. So Jim kept on going long on commodities and Peter short on equities. But real profit came only after November 2007. Around a whole year and a half later .

Its not a big deal to understand that oil and commodities are way undervalued at this point in time and will eventually reach their real values. But the question is can we as a trader who want to make a living out of the markets hold on to the positions and possibly big drawdowns in the mean time. We do not have a fund to manage and duration of such a trade could be in years.

What is the real value of anything (including advice). Fact of the matter is all gurus are blindsided including who saw it coming - (say ...derivatives are weapons of mass destruction..)

In the market everyone has the right to be wrong.. Jim Rogers, Buffet, me, you... I guess if one has sufficient patience and endless life all predictions will come true
m