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The Fed is getting punished by the FX and energy markets for not increasing rates by 50 bps because Mr. Bernanke didn't back his anti-inflation discourse with action. I'm glad to see bonds going up today because I plan on pulling the trigger very soon. They should resume their down trend...

At least FOUR soldiers suspected to be involved in the rape of a 15 year girl, and the murder of her younger sister, her mother and father?! What the f#ck is going on over there?

Sorry, I meant when to get out of a winning position. For losing positions, your basic system makes it pretty clear.

crnindia, Thanks for posting. Your 10% rule is extremely simple but still makes a lot of sense and the main obstacle to applying it is as you said human psychology. Traders want to make money with a system that will give them the feeling of having a unique edge and will be naturally...

How often would you say this happens, in proportion to the number of allegations of rape, torture, overwhelming use of force against civilians, etc?

Yes, you're right but I think the original allusion was to "The market can remain irrational much longer than you can remain solvent." I'm a big fan of Jesse Livermore by the way.

In Vic's case it would have to be an admission or an agreement since the statement comes from J.M.Keynes.

I'll be at the beach near Wilmington, NC doing nothing (my favorite activity) until Wednesday.

From <i>The Alchemy of Finance</i> (1994 edition) by George Soros: "When I succeed in formulating a worthwhile conjecture the results can be very rewarding(...); and even if my perceptions are flawed(...) I have a criterion that I can use to identify my mistakes: the behavior of the market."...

Funny, I was about to reply the same thing: Never hear about Star Jones or "The View".

Congrats.

Sorry, I beat you to it.:) "The Fed might be in a situation where if it doesn't get more aggressive and doesn't increase its rate by 50 bps, the oil market will force it to do so soon after." http://elitetrader.com/vb/showthread.php?s=&threadid=71926&perpage=6&pagenumber=1

The main difference <b>so far</b> between the predefined 0.25 rate hike scenario and what is currently going on is that oil is not going up by as much as I thought it would. Because of that I will stay on the sidelines and re-assess the situation next week. If both oil and bonds are higher by...

Good idea. My expectations recently shifted from "the Fed should" to "the Fed will" give us a double dose of rate-hiking medecine.

Gasoline and heating oil are making record highs almost on a daily basis. <img src="attachment.php?s=&amp;postid=1116724"/>

I forgot to mention that when talking about risks of inflation that might concern the Fed, I also take into consideration gasoline and heating oil. <img src="attachment.php?s=&amp;postid=1116718" /a>

This time, I plan on trading only after observing market reactions to the announced rate. The Fed might be in a situation where if it doesn't get more aggressive and doesn't increase its rate by 50 bps, the oil market will force it to do so soon after. FOMC meetings had been non-events for...

I agree!

"Who would order an attack with only five missiles? That big an idiot has not been born yet, (...)" He had very good judgement and yes, he saved the world.