Friday, October 24, 2014

$SPX quarterly chart, reason to be alarmed? Or just careful


Ok here's that $SPX quarterly chart I spoke about awhile back..

Of course with the involvement of governments & central banks no one can possibly predict what's going to happen next but..

This sure looks familiar..

Click for larger image

Friday, August 15, 2014

Fibonacci #magic for #trading #FX


Haven't actually done a trading post for awhile :)

Learning to incorporate multiple golden ratio [161.8] fib levels into every single #trade you take "may" dramatically improve your returns.

This is done with proper placement, usage, of multiple fibs on multiple time frames.

It sounds complicated but once you know how to properly draw fibs & practice it for awhile it becomes quite natural feeling.

You have to realize that markets are fractal in nature. There are moves within moves within moves (as our EW friends know well ;)

Being able to see & understand the current condition of a particular pair on multiple time frames is the key.

For me there are several very important fib levels. They are 23.6 [I call it the stop hunt zone], 61.8 [often ping pong area with 23.6], 88.6 [support where you least expect it], 127.2 & the magical 161.8

23.6 [stop out zone]

61.8 [range area between 23.6 & 61.8]

88.6 [is sneaky, be aware of it]

127.2 [a great spot to take partial profits (if you haven't taken some already)]

161.8 [I call this a completion move, look for a possible reversal]

I'm using this mornings $USDJPY trade as an example of how this might be done.

First lets analyze the current condition on h4.

-Click charts for larger image-

Here's the m15 with some smaller time frame fibs

Learning to properly use fibs to gauge the current condition of PA on any time frame is invaluable.

Even down to m1..

Here is all the documentation for my system (minus the fib lesson)


Saturday, August 9, 2014

@WalMart Alcohol #policy = #corporate idiocy @briancnick


[For reference Joplin, MO.]

As much as I dislike giving personal information on the blog I admit that we do our weekly shopping, grocery and otherwise, at @WalMart (Actually we like WalMart ;)

This is a post about what we experienced there today.

We go usually every Saturday and our disabled 29 year old son goes with us. Today we also had our 14 year old granddaughter too. We bought a couple boxes of wine with our groceries, as we do every week. I went to get a drink of water and when I got back Mrs Warrior was pissed.. lol Apparently the gal checking us out had refused to sell the wine to Mrs Warrior because the checker carded our 29 year old son who did not have his ID with him.


We asked for a manager & got a CSM (Customer Service Manager) who informed us that, yes indeed it is WalMart #policy to ask for ID from an entire group if the sale includes alcohol?

We asked for a store manager lol

We got an assistant store manager to discuss the situation with. He explained to us that they had some "new policies" yet he didn't attempt at all to defend the policy we were being confronted with.

I asked him, if our 29 year old son had been at home & only our (obviously minor) 14 year old granddaughter had been with us would I have been carded? To which he responded no.

At that point making their policy If Mrs Warrior is, attempting to, buy wine, with proper ID, then her 29 year old son who looks as if he might be under 40 should be carded & if he doesn't have any ID the alcohol sale should be denied. But if our 14 year old granddaughter is with us she is not to be IDed because she is a minor.

I'm sorry but, what?

Anyway the assistant store manager decided he didn't have a problem with us buying wine so we did manage that ;)

This is just so wrong on so many levels.. I understand it's a bleeding heart PR effort on the part of WalMart so as to seem as if they are "protecting our children". I think I even understand how the corporate masterminds intended (good intentions & all that) for it to go down.. I mean face it.. A group of 5 come through the line with a case of beer, a bottle of vodka and some chips. They're acting stupid like they just smoked a blunt and 4 of them look 18 or younger but the one buying is 21 with proper ID.

What do you do if you are a responsible corporate retailer?

Obviously, to me anyway, your responsibility is to follow the letter of the law. Which is no alcohol sales to anyone under legally determined age, period.

What is not WalMart's job is law enforcement, period.

WalMart has NO business trying to "guess" or "predict" what the intentions of a, legal, purchaser of alcohol might be once they leave the store. How the heck could they possibly do that in reality?

I checked and WalMart's official alcohol policy, plus a little store policy, is anyone who looks under 40 is to be carded when buying alcohol, period.

But I also saw this story from Ames Iowa -quoted


In an email to Davis, someone from Wal-Mart's customer service department told him the chain was experimenting with new ways to thwart underage drinking.

"In order to ensure that alcoholic beverages and tobacco are not sold to minors, Walmart is testing point-of-sale age checks in some locations across the country," the statement read. -emphasis mine

--- end quote

Here's a link to the full story Wal-Mart: Worker wrong to refuse alcohol sale

Mrs Warrior called the store & talked to the store manager who told us Walmart alcohol policy is to check ID & not sell to anyone underage.

Which I am PERFECTLY fine with, by the way.

But what is strange to me is that "someone" had to have impressed upon both the (relatively new) checker AND the "Customer Service Manager" that they were to card an entire group of people if alcohol is involved (and I guess if the (minimum wage) checker is "suspicious" (def: having the belief or impression that someone is involved in an illegal or dishonest activity)).

I rather doubt the two employees came up with their own alcohol policy over lunch.

Don't you?


Thursday, July 31, 2014

For those who purchased #ProfitableFX (is it millions yet? LMAO) here's a #trade walkthrough in charts


Here is the EURUSD m15 chart on which the m1 long correction trade was based

--Click charts for larger image--

Where / why the (long) entries were set up

Trade progression

Closing the trade

Trade aftermath


I sincerely hope everyone who has purchased #ProfitableFX is having a positive experience with it. Feedback & questions are always welcome, please address to @Ancient_Warrior on @twitter

If you have not yet purchased ProfitableFX you may do so here for ONLY $5.99 worthless USD #fiat! It clearly explains how to set up and use the system and includes many charts.

Why so cheap?

Because it is my personal desire to get this winning system (I'm doing about 80% winners & about 2,000 pips per month) into as many hands as possible because it's our best way to get back at those thieving Too Big To Fail (Jail) #Banks and the Primary Dealers who control AT LEAST 73% of forex volume!

When if there is sufficient demand I hope to produce an "Essential Fibonacci" document at a later date which would explain in full the proper use of fibonacci.

Thanks and best of luck everyone


Thursday, July 17, 2014

Fourth is finished; what about its meaning? By Herb Van Fleet


Just thought this was pretty profound myself.. See what you think?

So the underlying importance of the Declaration of Independence was not just to proclaim a separation from Great Britain, though that was certainly a critical part. It was to turn the prevailing form of governance in Europe and the colonies on its head. No more divine rights of kings, no more monarchies, autocracies, oligarchies, plutocracies or despotic tyrants. Ours would be a government that must acquiesce to the will of the people and the people alone.

That then brings up the question that should be asked every Fourth of July: Is our country operating by the consent of the governed as intended, or have the governed been replaced by the elites, the lobbyists, the political parties, the military-industrial complex, the too-big-to-fail banks, the government bureaucracies and the self-indulgent politicians?

Unfortunately, the fact that we the people give Congress an approval rating of 13 percent yet re-elect 95 percent of incumbents makes the answer incoherent.

Here's a link to the full article


#Congressionally authorized #cyber #crime via the Check 21 Act (In even MORE layman's terms) Protect yourself!


This happened to someone close to me & what I am discovering about it is absolutely outrageous!

I submit: Check Clearing for the 21st Century Act, aka “Check 21”

was passed unanimously by the House of Representatives and the Senate in October 2003. It was signed by President George W. Bush on October 28, 2003 and became effective October 28, 2004.

Here's the deal in a nutshell with information & further reading linked below..

Apparently #Congress had a desire in 2003 to "make it easier for business to accept checks as payment over the telephone". As is normally the case when congress / #government becomes involved with business / banks the "unintended consequences" of this can be very harmful to #consumers financial health while remediation can be extremely difficult.

I realize that "checks" are a somewhat antiquated form of payment these days but why on earth would congress use LAW to SIMPLIFY the act of committing fraud?!

Many Americans "like to think" the government is looking out for us when it comes to cyber crime when in reality #they seem to be making the commision of these crimes EASIER!

As a result of the Check 21 law a person needs ONLY the checking account routing number and account number to create a "demand draft" which can be used to withdraw any amount of funds from the account. NO proof of ID is required! NO PIN is required! No security measure exist at all. This is completely rediculous! Those two numbers are found on the bottom of every check. Every check a person writes passes through God only knows how many hands of how many people who happen to be underwater and under employed!

As a result of this Check 21 Act "law" here is what happened to someone close to me / us..

Someone we know accidently left their checkbook in a cart at a retailer, we all make mistakes on occasion. When, a short time later, they realized they had done this they returned to the store and fortunately were able to retrieve their checkbook and all seemed fine.

All seemed fine UNTIL they discovered that ALL the fiat (ie; FAKE MONEY) in their checking account had been COMPLETELY withdrawn! And not ONLY that but apparently when the bank was asked, BY the perpetrator, for the balance on the account the bank always & automatically INCLUDES the amount of overdraft protection IN the balance! In this case that amounted to an additional $600.00 worth of FAKE FIAT that DIDN'T EVEN EXIST being REMOVED from the account!

To add insult to injury the "victim" of the crime's employer uses direct deposit so the bank grabbed the $600.00 overdraft charge out of their NEXT paycheck!

We called our bank to be able to better understand the situation and were informed that using a demand draft, with its complete lack of security, is one of the top cyber crime / identity theft techniques in use today.

The #bank in question is attempting to discover the IP address of the computer used to create the demand draft but also stating that finding the IP address may be a very difficult task if they can do it at all.

So where does all this leave the "victim" of the crime?

With an EMPTY checking account while an "investigation" is underway that may take up to 45 days and may result in pretty much nothing! In the mean time they are on their own, with NO funds, 4 mouths to feed and bills to pay!

This is a security outrage perpetrated on us by the government itself through LAW!

When this is combined with other congressional actions such as the abolishment of #usury laws in the 1980's (1978, Marquette vs. First of Omaha – Supreme Court allows banks to export the usury laws of their home state nationwide and sets off a competitive wave of deregulation, resulting in the complete elimination of usury rate ceilings in South Dakota and Delaware, among others.), the overhaul of #bankruptcy laws in 2005, the bailing out of the Too Big To Fail (Jail) banks who caused the 2008 crash and God only knows what else one can begin to see a pattern emerge that certainly seems to make congress itself complicit in many of the problems being experienced by Americans today.. God help us all.

Thanks for allowing me to vent.. Below is some additional information


Here's the definition of a demand draft from click here for the source)

Definition of 'Demand Draft'

A method used by individuals to make transfer payments from one bank account to another. Demand drafts are marketed as a relatively secure method for cashing checks. The major difference between demand drafts and normal checks is that demand drafts do not require a signature in order to be cashed.

Also known as "remotely created checks".

Investopedia explains 'Demand Draft'

Demand drafts were originally designed to benefit legitimate telemarketers who needed to withdraw funds from customer checking accounts. However, the lack of a signature required to authorize the transfers have left demand drafts open to fraudulent use. The only information needed to create a demand draft is a bank account number and a bank routing number - this information is found on a standard check.

In 2005, the Federal Reserve proposed new regulations over the fraudulent use of demand drafts. The regulation increases a victim's ability to claim a refund and makes banks more accountable for cashing fraudulent checks.


[Below is an excerpt from an online articles at click here for the full article)

Some people — usually those of us who remember the days before debit cards — eschew all these fancy online and electronic forms of payment and instead stick to good old fashioned checks. After all, no one can possibly steal those! They’re paper, and have your signature on them. This is the ultimate in perception differing from reality — it’s hard to imagine a less secure way to make a payment than a paper check.

First of all, there’s the ease of committing fraud with checks. A thief with a stolen check (or deposit slip) has all they need to take money from your account — the routing number and account number (found at the bottom of the check in MICR letters.) Note that the thief doesn’t need any kind of ID… or a PIN… or a physical card… or a CCv2 code… or even to know your name. No, the numbers will do. What can they do with a stolen check?

There are three basic things:

Order up a whole book of checks with your information and account numbers on them. No ID is required to order checkbooks online. They can then spend these checks anywhere, and the bank will process them — you probably won’t find out until your account is empty and you start getting NSF notices.

Remove the amount and recipient from the check and write it out to themselves instead. This is a bigger problem for institutional checks, which are often printed on a laser printer. It’s really easy to remove laser-printed text from an offset-printed check — just lay some Scotch tape over the laser text, rub it hard with your fingernail, and peel the text off. Then you can print out a new amount and recipient with your own laser printer, and it looks just like the real thing. Chemical agents (“check washing”) can do this with ball-point pen ink, too, though it’s not so easy.

Issue a demand draft (“paperless check.”) This is what happens when you pay by phone with your checking account number, or use an automated bill pay service, or send money via PayPal. Using your routing number and account number, money is simply removed from your account and put into someone else’s. No authorization or authentication is used, your name is not even required. Yes, really. Anyone can do this from any account to any other account. For a while, you used to be able to do this from a web site.

Second, there’s the difficulty in getting your money back or even stopping the fraud! With a credit card (and to a lesser extent, a debit card), it’s pretty simple — you call the bank, say you did not authorize a charge, and the credit card company removes the charge. It is then up to them to prove you did make the charge, such as by getting a signed receipt from the merchant and matching your signature. So long as you report the fraud within 30 days, you are not liable — the worst the card company can do to you is to cancel your card (but you still don’t have to pay for the charge you didn’t make.) In theory, you’re liable for up to $50, but almost no card issuers really charge this since it’s terrible customer service (“Sorry you were stolen from! Give us $50!”)

With checks, the money is already gone. If you report a check as fraudulent, there is no federal law saying the bank is liable — it’s up to the bank’s own policies and in some cases a hodgepodge of state laws whether they have to help you at all. The bank may get back to you in 60 to 90 days (during which you don’t have the money, even if it was the entire contents of your checking account.) You have to report the fraud on a paper letter, with a notarized signature, usually by certified mail. What’s more, you have to prove that the checks were not authorized — the burden of proof is on you, not the bank or merchant — and you have to do it to each party from which you’re trying to reclaim money. If a thief wrote bad checks in 20 different jurisdictions, you may be dealing with this for years.

Worse yet, you can’t stop the fraud from taking place. The thief can keep writing checks on your account even after you’ve started reporting them as fraud, and even after you’ve closed the account. Every time the thief writes a bad check on a closed account (the classic practice known as “paperhanging”, a favorite of Frank Abagnale during his criminal youth), your bank will reopen the account and send you an NSF notice. You have to dispute all of these, too. And finally, your account (and possibly your name) will go into ChexSystems (the equivalent of the credit bureaus used to check people’s checking account history) as fraudulent, which will make it difficult or impossible to get new checking accounts for many years. On the bright side, it will make it harder for the thief to open accounts in your name, but that’s little consolation since he can keep using the closed one he already has.

From a security perspective, checking accounts are horrid. They come from a day when authentication and authorization were unheard-of, and security came mainly from the idea that no one would figure out how to subvert the system.
What can you do to protect yourself?

Don’t use checks. If any method of payment is offered aside from checks, use that.

Don’t use demand drafts, either — they’re checks. Don’t pay by phone using a checking account number — use a credit/debit card.
If you must write paper checks, use them only to pay bills, dealing with relatively trusted merchants. It doesn’t make you totally safe, of course, but it helps some. Use gel ink to write checks (it’s harder to wash), or a dot-matrix printer to print them (the impact-printed ink is nigh-impossible to remove.) According to Abagnale’s The Art of the Steal, this makes check-washing nearly impossible (though ordering up new checks in your name still works.) Incidentally, The Art of the Steal is a fantastic (and very short) book, and I highly recommend it to anyone interested in security — it gives a great view into the security mindset, looking at all parts of a system and seeing how it can be subverted.

Don’t store any more money in your checking account than you have to. You’ll still have to fight every fraudulent transaction to stop the bank trying to collect it from you, but at least you’ll still have your money while you’re doing it.

The sooner we move on from this antiquated and unsafe payment system, the better.