New FAPTURBo out with Even More Impressive Returns

By , 14 July, 2009, No Comment

Several days ago I wrote a review of FAPTURBO and fully expected to pan the product.  I don’t write a lot of reviews, and have a particular disdain for automated traded systems.  But the new FAPTURBO shows EVEN MORE promise than the original  product and the gains are significantly higher.  From their website:

“Great results…real money, real profits…..REAL consistency, day-in and day-out….real, spendable money that you can deposit in the BANK! 1 day even generated USD 8,400 .. a single Day! Can you believe that?

Now…let’s get some key points out of the way before we continue…

The first question that would come to MY mind if I saw such live results is:

Nice Results…But Will I Be Able To Achieve Such Performance Myself?

And, do you know what?…that IS the very first question that you should be asking yourself…that is what you should be concentrating on.

Well…listen closely…

As with everything else we have done up to this point with FapTurbo (words backed up by FACTUAL PROOF!)… I will prove to you that your results will be exactly like ours OR BETTER!

You see, unlike every other Forex robot vendor, we care about our credibility. Our #1 priority is PROOF. Proof is what drives this business…proof is what shows you that your money is SAFE…

To prove that FapTurbo Evolution is the new heavyweight champion (undisputed!) of the Forex industry, we did the following…

We asked 3 key independent figures in the Forex industry to test Fapturbo Evolution with THEIR OWN MONEY at risk!

These are people who have been around for quite sometime…these are professionals and, when it comes to Forex trading, know what is real and what is not…

But, most important, and pay close attention: These are
people who WILL NOT risk their own reputation (and
money!) if they do not FULLY believe in something!

Pay close attention because this is the bottom line…

If you where a veteran Forex trader…if you were a professional trader who had seen everything out there to be seen and you knew that 99% of it is B.S…..would you risk $10,000, $20,000 or $30,000 of your own money?

We both know the answer…”

Todays ES Emini Pivots

By , 14 July, 2009, No Comment
ESU9
For 07/14/2009
mbol R1 R2 Pivot S1 S2
ESU9 907.00 918.50 886.25 874.75 854.00

ES Emini Trading for July 13, 2009

By , 13 July, 2009, No Comment

ESjuly1309Charts courtesy of AMP Trading, get a free demo account and paper trade

Well, it wasn’t exactly one of those days you dream about, although it was profitable.  We had a nice move upward and the market treaded water for the rest of the day.  I highlighted the one try and exit for the day, and I am sorry to say that was the end of the action.  Sometimes trading can be very boring and tedious.  I might also add that the boring and tedious days are usually the most profitable, so I suppose I should not complain.

———————————————————————————————————

There are so many facets of trading to explore that I have taken on a sponsor that I have personally used for a number of years.  Most of trading experience as a professional was in the open outcry pits, so I am always anxious to learn new things.   The day you quit learning is the day you start your descent to mediocrity, so I highly recommend the folks at INO for rounding out your trading knowledge.  The scope and depth of the coverage they provide is absolutely first rate.  Give them a try and see what you think.  There is no risk.

Todays ES Pivots

By , 13 July, 2009, No Comment

ESU9
For 07/13/2009
Symbol R1 R2 Pivot S1 S2
ESU9 880.08 885.92 874.42 868.58 862.92

FAPTURBO: Is this just a gadget, or is it for real?

By , 13 July, 2009, No Comment

I have never been much on automated trading systems, so called black box systems, and reviewing this much talked about program was simply on my list of “to do’s.” I have a disinclination to Trade Forex market because the lack of a centralized exchange or standardization of order execution. Just the same, my buddy promised me quite a show watching his trading robot perform.

And I was not disappointed, the robot executed trades with the precision and the accuracy of a seasoned trader. I tried to figure out the exact methodology the program was using (which is proprietary) but could not put my finger on it’s entry and exits, though support and resistance were key components of the programs algorithm. I can tell you it works with an accuracy that surprised me, and I am going to buy the darn thing myself.

I am not forex trader, but the program trade with stops and limits and does all the things a good trade should practice. So why not cash in on some easier money. The product integrates with a number of brokerages to automate the trading, and this arrangement seemed to work seamlessly. All in all, I was much surprised, considering I was expecting to pan the program.

Get more info here:

Top Fund Manager Goes to Cash: Are the Bears Getting the Upper Hand?

By , 13 July, 2009, No Comment

Dan Sullivan has decided to go 100% cash… and that’s bad news, since Sullivan is not just any adviser.

According to Mark Hurlburt, Sullivan’s newsletter, The Chartist is in first place for stock market timing over the last three decades among those newsletters the Hulbert Financial Digest has tracked over this period. And though his mutual-fund newsletter — The Chartist Mutual Fund Letter — hasn’t been published for all three of those decades, it also is one of the top performers over the years it has existed.

Looks like the bull rally of the last four months is running out of gas.  As a scalper, it means little to me, but I would really like to see the economy improve for the sake of our country.  There have been far to many layoffs and jobs continue to be outsourced to cheaper foreign labor as companies struggle to eek out profits, or minimize loses.

So the bull market has lost a formidable ally.

Paul Krugman’s Comments

By , 12 July, 2009, No Comment

In his blog today, Krugman says:

“Like Brad, I’m not too happy with the policy justifications we’re getting from the administration. It’s perfectly clear that the stimulus was too small; I think they know that too. But they’ve made a political judgment that (a) they can’t push another round through and (b) the thing to do right now is defend the policy they already have.”

I am an avid reader of Krugman, and even though I tend toward Republican leanings, I have found the Republican fiscal policy of late, well, let’s just say it is misguided.  Of course, the drum beatings from the likes of Hannity and Limbaugh (the de-facto leader of the Republican part, God help us) are that Obama is spending the country into oblivion.

And we have spent a lot of money, not much of which has really made its way into the economy yet.  I am not sure who to blame for that, but the general consensus is that the second half of this year this money should trickle into the economy.  Even Nouriel Roubini, who is not known for his cheery prognostications, was more upbeat in his Friday postings that usual.  So the Republican party finds itself in a difficult position here, trying to use the old methods (think: tax cuts) to remedy a situation that is entirely different from other situations where this strategy worked.  And who really benefits from tax cuts?  Ummm…I think you know the answer.

Krugman stated in the early discussions on the Obama stimulus package that he felt the amount of the package was too small to do the job, and he has consistently maintained that position.  Now he laments that the political environment is not conducive to upping the ante on future stimulus packages and we find ourselves mired in a longer recession than we care to endure.

Sometimes economics is just plain at odds with society, and sometimes economics is just plain “in left field with no mitt.”   But on this one, I think I will side with Krugman, he had it right from the start.

Signs the Armageddon is near

By , 12 July, 2009, 1 Comment

Wells Fargo is suing itself?

“… I could not resist wondering about Wells Fargo Bank NA, and why it filed a civil complaint against itself in a mortgage foreclosure case in Hillsborough County, Fla.
…
In this particular case, Wells Fargo holds the first and second mortgages on a condominium, according to Sarasota, Fla., attorney Dan McKillop, who represents the condo owner.

As holder of the first, Wells Fargo is suing all other lien holders, including the holder of the second, which is itself.

… court documents clearly label “Wells Fargo Bank NA” as the plaintiff and “Wells Fargo Bank NA” as a defendant.

Wells Fargo hired Florida Default Law Group., P.L., of Tampa, Fla., to file the lawsuit against itself.

And then Wells Fargo hired another Tampa law firm — Kass, Shuler, Solomon, Spector, Foyle & Singer P.A. — to defend itself against its own lawsuit, according to court documents.

Wells Fargo’s defense lawyers even filed an answer to their client’s own complaint.

“Defendant admits that it is the owner and holder of a mortgage encumbering the subject real property,” the answer reads. “All other allegations of the complaint are denied.”

Yes, we are doomed.

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