Proceed with Caution Forex Trading at Nobullshit Network Forum

urjaposting · 08-04-2008, 12:40 AM

I wanted to update you on the week with LazyTrading.

I told you earlier this week we had 3 winning trades with the LazyTrading.com Forex system.

Well, we had 1 more on Thursday with the AUD/USD. And it was actually a double digit winner! (11 pips LOL)

Very interesting week this week. All our trades were WINNERS. 4 WINS AND 0 LOSSES.
And ALL the trades were SMALL winners. Trading via the forex markets you would have had a small
profit for the week.

Trading via betonmarkets you would have had a HUGE profitable week. Earning 100% PROFIT for EACH for the 4 trades.
To put that in perspective had you put $50 at risk per trade this week. You would have earned $200 PROFIT for the week
which would have more than paid for your LazyTrading.com Forex package. Shoot if you live in Canada, UK, or Australia
betonmarkets would have given you almost $40 just to open an account!

But anyway I am rambling......

So why did I say proceed with caution??

Because winning all of your trades every week ISN'T realistic! So DO NOT BUY this package if that is your
expectation! Because you will be very disappointed! I can GUAR'ANTEE you in the month of August we will have losing
trades! It happens that is part of trading! The goal of the LazyTrading.com package is to have more winners than losers and having
a LAZY way to trade so you don't have to be tied to the computer screen all day watch for trades.

I have traded this system for 3 years now. (August is my 3rd year anniversary trading this system) I know which currency pairs trade the best on which
days and I give you that information in the ebook package. For example AUD/USD trades the best on Thursdays with this system.
It is the ONLY day the whole week that the AUD/USD produces consistent PROFITABLE trades using this system.
You know what happened in the AUD/USD last week Thursday? We had a 30 pip winner! (100% profit if trading on betonmarkets)
You know what happened in the AUD/USD yesterday (Thursday

? We had a 11 pips winner! (100% profit if trading on betonmarkets)

Does that mean that EVERY Thursday we will have a AUD/USD trade and it will be a WINNER? NO, of course not!
However I do know with my 3 years of trading the system that Thursdays for the AUD/USD produce by far the best of
any day of the week. So each week I can prepare for a possible trade in the AUD/USD on Thursday!

I break down each of the currency pairs we trade in the ebook on which is the best day to trade them. That is EXTREMELY valuable
info to you as a trader looking for profitable trades.

That is why this truly is LAZYTRADING! And more importantly is PROFITABLE TRADING!

Remember on August 5th is the last day to get your copy of the LazyTrading Forex package!
On August 6th I discontinue selling it FOREVER!

Lazy Trading Forex eBOOK

Have GREAT Days ahead.

jazzz · 10-13-2008, 09:46 AM

A true whirlwind of developments this weekend, as the markets last week made it painfully clear to global officialdom that they better deliver the goods, or else. And indeed, we saw the powers that be coming through with the most dramatic and far-reaching measures yet. Some highlights of this weekend's developments in bullet form:

- The G-7 issued a broad statement of intent, saying that it would use "all available tools to support systemically important financial institutions and prevent their failure" as well as pledging to take decisive action and "all necessary steps" in this crisis. Critics point out rightly that the communique was a bit vague, but the clear intent to shore up the interbank market is there and importantly the clear intention is to "avoid another Lehman" as well. We'll inevitably see follow on measures to this communique in the coming days and weeks.

- EU leaders met already on Sunday on a coordinated plan aimed at guaranteeing all bank debt issues until the end of 2009 with maturities up to 5 years and avoiding failures of large banks by recapitalizing any banks in distress. The coordinated statement from all 15 EuroZone members at the weekend's summit was a key signs that the EuroZone countries are able to operate together effectively when the market forces them to do so (this was after the previous week's clearly uncooperative German stance). As long as risk appetite remains robust in the short term, this will boost the EUR. It was precisely the lack of such signs of coordination that weighed most heavily on the EUR previously.

- The UK govt. is rolling out its plan to recapitalize banks this morning. Under the plan, RBS, HBOS will be effectively nationalized and Lloyds TSB and Barclays will also receive government funds. Of the major British banks, this leaves only HSBC, which is seeking to avoiding the plan altogether. Apparently, the HBOS/Lloyds TSB merger is in flux today and this is weighing on GBP, as is the possibility that trading in key banking shares may be suspended this week as the government rolls out its capital injection/takeover plan.

- Australia announced that it will guarantee all bank deposits for 3 years in an effort to shore up confidence in Australian banks. This move and the generally recovering risk appetite have boosted AUD to open the week. AUDJPY is already over 5% off recent lows.

- The US Fed and the major European central banks to offer unlimited dollar funds at 7, 28, and 84-day maturities. This measure is important as it addresses the shortage of USD funding - especially for European banks that need to roll their debt - that has been one of the key drivers of the recent leg of USD strength.

- Japan over the weekend suggested that it would be willing to loan the IMF some of its enormous FX reserves to help out with emergency loans to emerging markets countries that also need to bail out their banks. With the move to healthier risk appetite to open the week, the EM currencies - which were hit the hardest last week - have also been the quickest to move stronger this morning.

- The Lehman CDS settlement on Friday went more smoothly than feared. This enormous settlement to the tune of $400 billion ended up, after netting, only involving the transfer of something like 2% of the settlement amount.

- Norway announced a massive NOK 350 Billion government bond swap facility that will allow Norwegian banks to swap collateral (including, importantly, mortgage-backed securities) in exchange for government bonds. This and the bounce in oil is seeing a recovery in NOK after EURNOK peaked at 8.500 overnight

- US Treasury Secretary Paulson is apparently accelerating plans to guarantee US bank debt. The original TARP provisions seemed to only discuss the lifting of bad debt from bank's books by buying it on the open market, but apparently there are enough back doors in this legislation to expand its implications into this kind of bank guarantee and to other areas as well. This is important, as the US could be vulnerable in a situation where Congress is out of session and campaigning for election while the rest of the world is enacting similar bank debt guarantees an other measures that would set up the potential for arbitrage - so it is probably an important background support for the USD further out that the bank debt guarantee idea is on the table.

Let's hope that the risk appetite continues to recover this week. Tomorrow will offer better market conditions for judging the real market sentiment, as Monday was a holiday in Japan and is also a banking holiday in the US, with the bond market closed while stock markets will be open. Also, we dare not contemplate the longer term fall-out of this crisis at the moment, but we will be forced to in coming weeks as the white knuckle environement eventually begins to calm somewhat. For now, we'll take one day at a time and see how the new sweeping measures enacted daily by global officialdom are acting on risk appetite and those all important credit spreads.
Remain very careful out there.