New Page —- DAILY SIGNALS

Hi Everybody,

We’re going to try something new this month. If it works out, maybe we’ll start our signal services again.

What we are goong to do is post dailytrade recommendations on only the 4 majors, EUR/USD,GBP/USD,USD/JPY, and USD/CHF. They will have either have enter at Market instructions or instruction to enter at a specified price, if that price doesn’t get hit well then there is no trade.

We are then going to post the trades on our new page, complete with charts and analysis of each trade. The trades will only be posted between 21:00 GMT and 23:00 GMT, and then only if there are signals to trade off of. You can expect to go a few days without ANY signals.

The trades will have wide stops, since the signals will be coming off of daily charts and wide limits. That does not mean we won’t close a trade before the limit is hit or raise a stop into positive territory during a trade, but these instruction will still only be posted between 21:00 and 23:00 GMT.

The bottom line is these are longer term plays and they occur much less frequently than the trades we posted on this blog before.

If it works out we’ll see if we start a paid service.

We’re trying to make it as simple as possible.

The signals, if any, will start tomorrow.

Hello Everyone

Its been an interesting few days in the markets. Down 700+ points and then up 400+ points on the Dow. I heard 1 Trillion of wealth disappeared yesterday, I guess some of it came out of hiding today. Still with all this mess in the equity markets the FX market chugs along. You can still short anything you want on the FX markets, unlike some other global equity markets, so we’re still in good shape.

The Republicans Call Paulson’s Bluff

The Republicall bailoutns in the House killed the bailout ………people are saying for now…………I think its dead permanently…………in its current form, $700 Billion plus what the Fed/Treasury already put out for Bear,AIG,Fannie/Freddie, it represents somewhere around 8% of the $14 Trillion Us Economy.

I think this will come back at some where around $300-$350 Million…………….and you know what, thats a good thing.

Listen, Bush and his cronies lied to us about Iraq, and they are still keeping something from us, or pretending to. Why?……………….. to fleece the public of billions more than they already grabbed through Halliburton and the Carlyle Group in Iraq…………what a bunch of crooks……….but don’t worry he’ll think of something else…….he’s got 13 more months to screw with the world………………and I’m not a democrat!!!

Let the markets figure it out for now.

Peace

Financial Failures Start Spreading to Europe

From BloombergNews

Belgian, Dutch Officials Seek `Solution’ for Fortis

Sept. 28 (Bloomberg) — Discussions between European, Dutch and Belgian officials on the future of Fortis, Belgium’s largest financial-services firm, carried into the evening as they sought a “solution” for the beleaguered bank.

Dutch central bank chief Nout Wellink and Finance Minister Wouter Bos went to Brussels for talks with the Belgian government and regulators. European Central Bank President Jean-Claude Trichet met with Belgian Prime Minister Yves Leterme and Finance Minister Didier Reynders today.

Fortis fell a record 20 percent in Brussels trading two days ago on concern the firm would struggle to raise the 8.3 billion euros ($12.1 billion) it’s seeking to bolster reserves.

Now its the Euro’s turn………….

 

 

New Internet Forex Products Review Page

We have received a lot of requests to refer “signal” providers and “system” providers, for active traders who are still learning and fine tuning there on systems on their demos accounts.

PLEASE NOTE: WE BELIEVE THAT THERE IS NOTHING BETTER THAN LEARNING FROM THE GROUND UP YOURSELF AND NOT RELYING ON “SIGNAL/SYSTEM PROVIDERS” INCLUDING US, IF WE EVER START OUR PAID SERVICE AGAIN.

But the fact is we are not your parents and most people are going to do what they want anyway.

Since there seems to be a demand for this info we’ve decided to review some of these things and see if we can find any that are legit.

So for those of you that REALLY want to use a Signal/System Provider, we are going to Publish a SignalSystem Provider Page where we will offer our opinions and reviews of what we think are the most reasonable and honest products out there, and I guarantee you we’re not going to find much that fits that bill, so don’t get excited.

So stay tuned, we may have our “kid” FFXTS, run a new blog here at wordpress and then link the new page to that or just have him do double the work and manage the Page on this Blog and run the other blog at the same time, I think I’d like that option for him

Listen Up…………..If you read anything today, Read This…….

The Real Costs of the Bailouts

It may put alot of things in perspective.

Peace

Deal reached on financial markets bailout…….SHORT THE YEN!!!!

How much you want to bet that all the JPY pairs gap up at the open on Sunday/Monday……………..our best advice…………..go long on a retracement that fills or comes close to filling the gaps. Stock Markets around the globe are going to rally on Monday……………Tuesday, I don’t know……………..but Monday………the Nikkie will be up huge.

This announcement will at least temporarily remove some risk aversion from the currency markets, which usually means, JPY depreciation and to a lesser extent, CHF depreciation.

 

Peace

WaMu Fails…….JPMorgan Grows

JPMorgan now owns Chase Bank, WaMu and all of Bear Stearns assets. Jamie Dimon must have the magic touch, or Paulson and Bernanke on his payroll.

I’m adding to my (JPM) stock holding………..they will survive because it would cost the government too much to let them go.

The Wall St Journals view

An So it Begins………..Washington Mutual Inc.—-the biggest bank failure in U.S. history.

WaMu is dead 

Don’t worry if you missed it…………….there’ll be plenty more ahead………..Gee thanks so much Alan(Greenspan)

Wamu, the First Victim of Washington’s Indecision

Washington Mutual, the nation’s largest thrift institution, has agreed to sell its deposits to JPFed..uh……..I mean JPMorgan…………the regional bank failures could start happening soon if DC doesn’t make up its mind.

Its not so much about the bailout not happening, its about the uncertainty………decide already Washington!!!