Tuesday, March 25, 2008

EURUSD 1H LONG.

SELL signal=1.5408

Bid=1.5420

Date=16:00:00

Symbol=EURUSD

Period=60

Limit BUY at=1.5438

Stop Loss at=1.5360

First Target at=1.5579

Second Target=1.5680

Third Target=1.6010

 

eurusd in.gif

Thursday, January 24, 2008

Waters magazine - Trading Wizards

Waters magazine - Trading Wizards: "A trader on the proprietary desk of Société Générale says banks may be less willing to experiment with IT programmers because the algorithmic trading strategies they execute may take more time to become profitable. He says IT programmers recruited on the bank's prop desk from its IT department struggled to generate profitable returns quickly. 'When you take into consideration the price of a trading seat—which consists of the fees the bank pays for trading and the overall running costs of operating the trading department—it is quite expensive to employ a programmer who may take a couple of years to be profitable. It is not only quantitative models that make money,' he says."