Friday 22 June 2012
PrizeLive Paid PayPal
So here's how it works:
1. Of course, you should have your own account. Click the banner below to sign up:
2. After, clicking the banner you will be redirected to the main page,enter your email address on the upper left corner.
3. Again, you will be redirected to the registration form. Please put on the How did you find us? section "referred by samsoft2012"
4. After hitting the join button, you will receive a confirmation code on your email, check your email and enter the code.
5. Once, verified you can now start earning points, but first, edit your account, and fill up the necessary field. Also fill up the telephone number section to be able to claim your rewards.
6. Download the PrizeBar and you will get 0.25 GC(game credits). Game credits can be used in playing games to earn Points.
7. Go to the forum, and create an introduce yourself thread and gain another 0.25 GC.
8. Earn points by completing offers, commission from level 1 referrals, owning an offer in the reward section, and by winning in the games we offer. Points can be redeemed in the Rewards section for prizes and gifts. Points can also be converted into Game Credits in order to play Games and to participate in some Contests. 1 point is equal to $1.
9. Log in daily for more offers, more points and GC.
UPDATE: I gained 0.43 points in less than one day. You can view my profile here. I'll update you how I did it.Click Here to Join.
Wednesday 20 June 2012
Using Fibonacci Retracement Levels
Fibonacci number Sequence
Using Fibonacci Retracements to re enter a trend
Saturday 13 August 2011
S&P balks at SEC proposal to reveal rating errors
(Reuters) - Standard & Poor's, whose unprecedented downgrade of U.S. debt triggered a worldwide stocks sell-off, is pushing back against a U.S. government proposal that would require credit raters to disclose "significant errors" in how they calculate their ratings.
S&P, which was accused by the Obama administration of making an error in its calculations leading to Friday's downgrade, raised concern about the proposed new corrections policy and other issues in an 84-page letter to the Securities and Exchange Commission, dated August 8.
The SEC is weighing sweeping new rules designed to improve the quality of ratings after their poor performance in the financial crisis.
The 517-page proposal includes a requirement that ratings agencies post on their websites when a "significant error" is identified in their methodology for a credit rating action.
The letter was sent three days after the U.S. Treasury Department accused S&P of miscalculating -- by some $2 trillion -- the U.S. debt in the next 10 years. That calculation was in a draft press release announcing a downgrade in the government's credit rating from AAA to AA-plus.
S&P vehemently denied it had made an error, but acknowledged that it changed its long-term economic assumptions after discussions with the Treasury Department. It switched to another economic scenario that resulted in a debt load $2 trillion smaller by 2021. But it said that did not affect its decision to downgrade the U.S. debt.
S&P's criticism of the "significant error" proposal is part of a broader concern that the SEC's reforms prompted by the Dodd-Frank financial oversight law could give the U.S. government undue influence over its ratings decisions.
S&P in particular is facing a tense relationship with Washington. Its downgrade sparked a backlash from Administration officials and lawmakers from both sides of the aisle. A Senate Banking Committee aide on Monday said the panel has begun looking into S&P's decision to downgrade the U.S. credit rating.
WHAT'S AN ERROR?
The SEC's proposal, issued in May, contains a wide range of provisions, including requiring credit raters to disclose more about their internal controls, to protect against conflicts of interest, and to reveal more about their rating methods.
But one issue that really rubbed Standard & Poor's the wrong way was the proposed requirement that raters disclose when a "significant error" is identified in a procedure or methodology -- and especially, who should define what that is.
The SEC's proposal asks questions about whether the SEC should define the term "significant error."
"If the commission were to define the term significant error ... we believe it would effectively be substituting its judgment" for the credit-rating agencies, S&P President Deven Sharma said in the letter.
He said S&P's own error correction policy "has proven to be effective and, where errors have occurred, our practice of reacting swiftly and transparently has benefited the market."
Barbara Roper, director of investor protection for the Consumer Federation of America, said that policy has proven inadequate.
"What was their correction policy on their Enron rating? What was their correction policy on their Lehman rating? What was their correction policy on their Bear Stearns rating? They don't have an error correction policy -- they have an error denial policy, and the SEC is absolutely right to step in," Roper said.
McGraw Hill's Standard & Poor identifies numerous issues with the SEC's proposal, including concerns about competition and that rules are consistent globally.
Of the big three raters -- S&P, Moody's Corp and Fimalac SA's Fitch Ratings -- S&P was the only one to raise major concerns in its letter to the SEC about the "significant error" provision.
The measure was tucked into Dodd-Frank after the rating firms gave glowing ratings to toxic subprime mortgage-backed securities and then were slow to downgrade them.
A Senate investigations panel issued a report earlier this year faulting S&P and Moody's for triggering the financial crisis with their flawed ratings and subsequent decision to downgrade them en masse.
The big three ratings agencies have spent well over $1 million lobbying Congress and federal agencies since January as they press for changes to the regulations, according to data from OpenSecrets.org.
Roper said S&P's pushback to the "significant error" proposal underscores the need for tougher reforms.
"If anything, their letter suggests it is absolutely essential that the SEC define it because absent a definition, these guys will obfuscate," she said.
(Reporting by Sarah N. Lynch, with additional reporting by Andrea Shalal-Esa; Editing by Karey Wutkowski, Gary Hill)
Tuesday 31 March 2009
Forex Expert Advisors - EA
An EA could be as simple as a technical indicator (a small software which shows market conditions, up, down, trends, etc..), or could be a sophisticated program based on complicated mathematical and statistical algorithms and several other pre-designed indicators. The expert advisor, as its name indicates, gives advice to the trader as when to buy, sell or close a position and usually it will also tell the trader what size of trade to take. Also, the EA has the functionality and power, if authorized, to automatically place trading orders, or cancel them, buy, sell, and close forex positions!
1. Market Entry
All expert advisors should advise the trader when to enter or leave the market. It can also place orders at market or at another price automatically. The Expert advisor should collect the relevant information from previous historical chart data, and base the decision on that information. The level of information to be collected depends greatly on the parameters which should be entered manually by the trader.
2. Order direction
The EA will also decide, besides market entry, the direction of trade, either buy or sell.
3. Money Management
If required, the EA can also apply money management to your trades. A good expert advisor should know how much to buy or sell, by applying known money management techniques. Some expert advisor would simply change the size of order according to the equity. Some would use a more complicated algorithm. Some do not apply any money management rules.
4. Stop Losses and Take Profit
Expert advisors also have the ability to place, change, or remove stop losses and take profits orders.
5. Trailing stops
There is nothing better than expert advisor to monitor your open positions and use trailing stops. The EA is there 24 hours monitoring your trades and ready to execute anything relevant to what it was programmed to do.