ES Trading

This is a discussion on ES Trading within the Trading Journals forums, part of the Reception category; Originally Posted by new_trader More words of wisdom from Ludwig von Mises, pay attention to this stark warning: Inflation can ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Aug 20, 2012, 1:31pm   #81
 
new_trader's Avatar
Joined Jan 2006
Re: ES Trading

new_trader started this thread
Quote:
Originally Posted by new_trader View Post
More words of wisdom from Ludwig von Mises, pay attention to this stark warning:

Inflation can be pursued only so long as the public still does not believe it will continue. Once the people generally realize that the inflation will be continued on and on and that the value of the monetary unit will decline more and more, then the fate of the money is sealed. Only the belief, that the inflation will come to a stop, maintains the value of the notes.

Remember this every time the Central Planners deny the need for more Q.E or attempt to disguise it under a different name and um and ah about the threat of inflation or the state of the economy.
No Inflation Proves Critics of Fed’s Bernanke Wrong

No Inflation Proves Critics of Fed


"the central bank is ready to take further action to boost the recovery."
- Ben S. Bernanke, Federal Reserve Chairman



The ministry of propaganda says there is no inflation. The same ministry said there is no housing bubble and didn't see the last financial crisis coming.


The debasement of fiat money continues and new_trader continues to accumulate gold.





9,004
__________________
"It always pays a man to be right at the right time."
-Jesse Livermore


CLICK - My Trading Journal | SEARCH: soundmoneyproject.org |
new_trader is offline   Reply With Quote
Old Aug 20, 2012, 5:15pm   #82
 
new_trader's Avatar
Joined Jan 2006
Re: ES Trading

new_trader started this thread A message from the 1970s on state spending

A message from the 1970s on state spending - Telegraph

Quote:
"We used to think you could spend your way out of recession and increase employment by boosting government spending,” boomed the Prime Minister, Jim Callaghan, at the 1976 Labour Party conference.

Quote:
For it was in 1976 that the UK government had been rescued by the International Monetary Fund. After years of industrial subsidies, soft-budget constraints and Keynesian hubris, Britain was insolvent – unable to service its debts. After months of denial, the markets forced Callaghan’s government, “cap in hand”, to seek an IMF bail-out.




9,056
__________________
"It always pays a man to be right at the right time."
-Jesse Livermore


CLICK - My Trading Journal | SEARCH: soundmoneyproject.org |
new_trader is offline   Reply With Quote
Old Aug 21, 2012, 1:38pm   #83
 
new_trader's Avatar
Joined Jan 2006
Re: ES Trading

new_trader started this thread
Quote:
Originally Posted by new_trader View Post
A message from the 1970s on state spending

A message from the 1970s on state spending - Telegraph
UK public borrowing more than expected in July

BBC News - UK public borrowing more than expected in July

Quote:
The UK government borrowed more than expected in July, traditionally a good month for tax receipts, the Office for National Statistics said.

Our Central Planners get it wrong yet again and have the audacity to report it as 'unexpected'...


Quote:
The Office for National Statistics said net debt - the sum of all borrowing - was now£1.032bn, or 65.7% of GDP.
So where is the austerity?


The debasement of fiat money continues and new_trader continues to accumulate gold.
__________________
"It always pays a man to be right at the right time."
-Jesse Livermore


CLICK - My Trading Journal | SEARCH: soundmoneyproject.org |
new_trader is offline   Reply With Quote
Old Aug 21, 2012, 3:52pm   #84
 
new_trader's Avatar
Joined Jan 2006
Re: ES Trading

new_trader started this thread Jun 23, 2012, 9:14am
Quote:
Originally Posted by new_trader View Post
If gold breaks below $1530 then I can see it going to $1100-1200. The deadline for this scenario is end of August 2012. Gold is consolidating between $1530 -$1640 and I reckon it will break out from this range rather than break down. If it breaks down I will buy more, if not, I keep what I have. It's a bull market!
Aug 21, 2012
Gold breaks above US$1640

More commentary later
__________________
"It always pays a man to be right at the right time."
-Jesse Livermore


CLICK - My Trading Journal | SEARCH: soundmoneyproject.org |
new_trader is offline   Reply With Quote
Old Aug 22, 2012, 8:32am   #85
 
new_trader's Avatar
Joined Jan 2006
Re: ES Trading

new_trader started this thread
Quote:
Originally Posted by new_trader View Post
No Inflation Proves Critics of Fed’s Bernanke Wrong

No Inflation Proves Critics of Fed


"the central bank is ready to take further action to boost the recovery."
- Ben S. Bernanke, Federal Reserve Chairman



The ministry of propaganda says there is no inflation. The same ministry said there is no housing bubble and didn't see the last financial crisis coming.


The debasement of fiat money continues and new_trader continues to accumulate gold.





9,004

Heineken First-Half Profit Misses Estimates on Input Costs

Heineken First-Half Profit Misses Estimates on Input Costs - Bloomberg

Quote:
Costs to produce its beer will rise 8 percent this year from an earlier forecast of 6 percent, after the price of goods to produce its beer increased 6.9 percent in the first half.

The Central planners keep telling us there is no inflation and yet here is another company missing profit targets/estimates because of rising input costs.

9,131
__________________
"It always pays a man to be right at the right time."
-Jesse Livermore


CLICK - My Trading Journal | SEARCH: soundmoneyproject.org |
new_trader is offline   Reply With Quote
Old Aug 22, 2012, 8:55am   #86
 
new_trader's Avatar
Joined Jan 2006
Re: ES Trading

new_trader started this thread
Quote:
Originally Posted by new_trader View Post
Jun 23, 2012, 9:14am


Aug 21, 2012
Gold breaks above US$1640

More commentary later
Gold certainly isn't acting like it was a bubble despite the concerted attempts to talk down gold by all the "gold is a bubble" freaks in trade2win and in the mainstream media. Although it is premature to say for sure right now, gold will have to fall below US$1000 in the next two to three weeks for it to have been classed as a bubble otherwise it would be one of the most unique bubbles in the history of human civilization. If that doesn’t happen then all the deflationists and “gold is a bubble" freaks have lost the last remnants of credibility they currently have, even though IMO they have been clueless since the start of the Global financial crisis...and before.
__________________
"It always pays a man to be right at the right time."
-Jesse Livermore


CLICK - My Trading Journal | SEARCH: soundmoneyproject.org |
new_trader is offline   Reply With Quote
Old Aug 22, 2012, 10:21am   #87
 
new_trader's Avatar
Joined Jan 2006
Re: ES Trading

new_trader started this thread
Quote:
Originally Posted by new_trader View Post
Heineken First-Half Profit Misses Estimates on Input Costs

Heineken First-Half Profit Misses Estimates on Input Costs - Bloomberg




The Central planners keep telling us there is no inflation and yet here is another company missing profit targets/estimates because of rising input costs.

9,131
The headline has been changed to:

Heineken Sees Stagnant Annual Profit Amid European Slump

You don't think the Central Planners asked them to change it do you?
__________________
"It always pays a man to be right at the right time."
-Jesse Livermore


CLICK - My Trading Journal | SEARCH: soundmoneyproject.org |
new_trader is offline   Reply With Quote
Old Aug 24, 2012, 9:05am   #88
 
new_trader's Avatar
Joined Jan 2006
Re: ES Trading

new_trader started this thread Republicans Eye Return to Gold Standard

Republicans Eye Return to Gold Standard* - US Business News - CNBC

Quote:
The gold standard has returned to mainstream U.S. politics for the first time in 30 years, with a “gold commission” set to become part of official Republican party policy.

More and more the gold standard enters mainstream discussion.


Quote:
“There is a growing recognition within the Republican party and in America more generally that we’re not going to be able to print our way to prosperity,”
Try telling that to some of the DUNCES here at trade2win who think fiat money is a massive advantage.


9,238
__________________
"It always pays a man to be right at the right time."
-Jesse Livermore


CLICK - My Trading Journal | SEARCH: soundmoneyproject.org |
new_trader is offline   Reply With Quote
Old Aug 26, 2012, 10:56am   #89
 
new_trader's Avatar
Joined Jan 2006
Re: Trading Update

new_trader started this thread
Quote:
Originally Posted by new_trader View Post
Using the principles and techniques I have written about in my journal I was confident enough in my market reading skills to expand my trading into other areas like commodities. I started with small positions (much more than 10p/point though!!) and took a longer term view to prove that my methodology is 100% robust regardless of time horizon. Although I didn’t record the trades here I thought I would give a brief summary.

-Palladium +44% -I regret selling
-Wheat +34% in approx 4 months
-Livestock (break even)
-Silver +67% Approx to date and still holding. Positions were opened with derivates and then rolled over into a physical ETF.
-Gold – Long term although most positions are in profit it is a long term accumulate.

This is all in addition to my longer term investment portfolio which in the last 12 months has outperformed the main indices. These successes have allowed me to have a much more relaxed approach to my trading and the necessary patience and discipline to trade only the most highly profitable and probable indications. I am only interested in being right, at the right time, and making as much money as I can when I am right. I am currently long US$140/point in a trade and hope to build a larger stake before it makes its move. My time horizon on this trade is 6-12 months which makes it more like an investment than a trade.

I continue to trade the ES contract short term as well
Let me just remind some of the DUNCES at t2w who doubt my Gold investment. This was posted Jan 10, 2011 at 1:52pm
__________________
"It always pays a man to be right at the right time."
-Jesse Livermore


CLICK - My Trading Journal | SEARCH: soundmoneyproject.org |
new_trader is offline   Reply With Quote
Old Aug 26, 2012, 11:23am   #90
 
new_trader's Avatar
Joined Jan 2006
Re: ES Trading

new_trader started this thread Posted Jun 23, 2012, 10:01am
Quote:
Originally Posted by new_trader View Post
If gold breaks below $1530 then I can see it going to $1100-1200. The deadline for this scenario is end of August 2012. Gold is consolidating between $1530 -$1640 and I reckon it will break out from this range rather than break down. If it breaks down I will buy more, if not, I keep what I have. It's a bull market!
I have been buying and adding on the dips and I haven’t sold a single ounce and have plenty of money waiting on the sidelines to buy more, it’s a bull market!

If ANY of the Tade2Win DUNCES dares to question my gold investment you better be prepared to put your money where your mouth is. I charge a fully refundable £50,000 to have my accounts audited + I will give you a 50% bonus if I have lied about my gold holdings. The deal is, you first put £50,000 into escrow and then nominate your independent auditor. Once my gold holdings have been verified, I keep your £50,000 and you publicly apologise and then permanently resign from Trade2win. If I don't hold any gold, you get £75,000 from me.

Such bitterness and envy from the clueless bears...or should I say DEERS in headlights!
__________________
"It always pays a man to be right at the right time."
-Jesse Livermore


CLICK - My Trading Journal | SEARCH: soundmoneyproject.org |
new_trader is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)