The Musings of Faith

A More Meaningful Correction This Time? After a decent...

Wed, 10 Mar 2010 15:00:54 -0800

A More Meaningful Correction This Time?

After a decent correction and a break of the range earlier this week, the GPB/USD made new lows in today’s session at 1.4870 but completely reversed and made new highs 10 pips from the 1.5000 whole number.

The daily chart has a strong downtrend that recently made 2 bearish waves from 1.5815 to 1.4780. In the circle is what may be shaping up to be a FAILED 3rd bearish wave which looks to have bottomed at a higher low with today’s 1.4870 low.

While I would consider a break above 1.5000 bullish, 1.5033 is the area to watch as the 50% Fibonacci retracement level of this latest push to the downside. A break and subsequent close above this level sees the pair move back towards 1.5200 where prices topped out on at the start of this trading week.

Look at my boy Mike getting from behind to in front of the...

Wed, 10 Mar 2010 13:58:00 -0800

Look at my boy Mike getting from behind to in front of the camera :) And at what better event than The Oscars to make his BlackTree debut!

A BlackTree Media Production

B corporations is an interesting corporate entity created to...

Tue, 09 Mar 2010 10:02:00 -0800

B corporations is an interesting corporate entity created to address this new social business industry. I have taken an interest in social entrepreneurship since the start of 2010. Very interesting.

via Profitable do-good biz - Video - CNN Business News

Oscars Red Carpet: Mo’Nique and Mariah Carey Interviews...

Mon, 08 Mar 2010 13:04:50 -0800

Oscars Red Carpet: Mo’Nique and Mariah Carey Interviews (via blacktreemedia)

Our first time at The Oscars! Excellent coverage, excellent production BlackTree!

I woke up this morning and had the pleasure of watching my...

Sun, 07 Mar 2010 18:36:12 -0800

I woke up this morning and had the pleasure of watching my husband get ready for BlackTree’s first time at The Oscars. I tweeted that this was my first time seeing him in a tuxedo and how FINE! he looks in it. I got a bunch of replies that I should have posted a picture. So here he is on the red carpet. Looking good as hell :)

I AM SO PROUD OF HIM!

"In fact, on a per capita basis, Africans are already richer than Indians"

Wed, 24 Feb 2010 17:41:56 -0800

“In fact, on a per capita basis, Africans are already richer than Indians”

- Africa Is Becoming the New China and India - Newsweek.com

I’ve been telling my family FOR YEARS! We need to get up on it!

"In the case of Chanel, the answer to navigating a choppy economy is simple: Raise prices and bring..."

Wed, 24 Feb 2010 12:12:02 -0800

“In the case of Chanel, the answer to navigating a choppy economy is simple: Raise prices and bring production to a pace that creates mass demand.”

- via Madison Avenue Spy: Bloomies

Business models turn me on.

"Do not move unless it is advantageous ~ Do not execute unless it is affective ~ Do not challenge..."

Tue, 23 Feb 2010 23:51:42 -0800

“Do not move unless it is advantageous ~ Do not execute unless it is affective ~ Do not challenge unless it is critical - Sun Tzu”

- Thought of the Day… « 50’s Blog

RESPECT RICK. RESPECT 50.

I remember when I found you both on Twitter. During the choppy summer of 2009. Bah! But it’s been good times and rough times and good times again trading with you 2 gentleman. The bond has certainly grown to many many more traders since then.

:)

Update on EUR/GBP The “breach” of the 50% Fib on the...

Wed, 10 Feb 2010 00:30:40 -0800

Update on EUR/GBP

The “breach” of the 50% Fib on the above weekly chart had no mojo at all turning into a mere price probe. The 0.8813 level provided strong resistance as price made a high of only 0.8816 and has now staged a deep pullback from that high. We’ve seen strong resistance at these Fibonacci levels before from the EUR/GBP so this price action should have been expected behavior.

That bullish chart pattern on the hourly chart also held. I was fooled by the false breakout below the rectangle’s bottom at 0.8700 to 0.8686. If it had been a sustained break below there would have been a confirmation close below the bottom of the rectangle. But price immediately regained the whole number and went on to rally to a high so far at 0.8816 in the next 2 trading sessions.

Now during the Asia session, the EUR/GBP has already staged a whopping 100% retracement of yesterday’s rally with a low on the day already of 0.8764. Though price is finding support at this level, we need to be aware of what this level of retracement means and that is a reversal of the intraday uptrend.

I am staying away from this pair at the moment. EU rumors in regards to soverign debt is really affecting the euro. Also, news from the UK is due out in a couple hours (IP and BoE inflation report). I’ll be watching the 0.8813 level. If price finds resistance again at 0.8813, I will look for price to reverse from there. On the other hand, a break of this level targets former-support-turned-resistance at 0.8954.

Trade what you see folks, not what I think.

COMMON “The Light ” LIVE w/ Colbie Caillat &...

Mon, 08 Feb 2010 11:30:53 -0800

COMMON “The Light ” LIVE w/ Colbie Caillat & Zac Brown (via blacktreemedia)

Common shows just how much of a musical genius he is by orchestrating his song with musicians of other genres while on a panel, all live and spontaneously. Pure musical genius.

(via @RevRunWisdom) So enjoy yourself! Enjoy being you and how...

Fri, 05 Feb 2010 12:51:29 -0800

(via @RevRunWisdom)

So enjoy yourself! Enjoy being you and how you do it. Take in the right now. For in this moment is your future, your past, and your present. You walk in it everyday already so why not LIVE. LIVE! And don’t trip.

WELL SAID. ericaonair: KIMORA IS BACK!!! Ok, this is a day of...

Fri, 05 Feb 2010 07:20:46 -0800

WELL SAID.

ericaonair:

KIMORA IS BACK!!!

Ok, this is a day of personal celebration for me. I might even declare it a national holiday. And by national I mean personal.

Kimora’s third season of Life in the Fab Lane kicks off March 21st at 9PM EST/PST on the Style Network.

Fabulousity is back, bitches. =) All hail the queen.

"if your board meetings suck, whose fault is it?"

Fri, 05 Feb 2010 04:57:44 -0800

“if your board meetings suck, whose fault is it?”

- The Monster In Your Head (via fred-wilson)

Things that make you go hmm.

"My rule for ANY site receiving traffic from an aggregator of ANY kind is: If you believe you can..."

Thu, 04 Feb 2010 10:20:24 -0800

“My rule for ANY site receiving traffic from an aggregator of ANY kind is: If you believe you can create more value from the traffic you receive than potential negative branding implications plus the cost of supporting a potential competitor, then continue with the aggregator. If not, block the aggregator.”

- Like Mark Cuban or not, I respect anyone who consistently tries to stay ahead of the curve. In this day and age, success is reserved for those who consistently are ahead of the curve. Be it a learning curve, a technology curve, a business curve, you must be ahead to be relevant, let alone successful.

via Why Have So Many Internet People Lost Touch With Reality ? « blog maverick

Rock ON, Mr. President! This is the man I voted for! So inspired...

Fri, 29 Jan 2010 22:14:00 -0800

Rock ON, Mr. President! This is the man I voted for! So inspired and proud of his performance today.

Civil engagement folks! *what a concept*

Photo courtesy of The Obama I Remember | The Nation

Our first time covering the SAG Awards…. Great job...

Fri, 29 Jan 2010 21:45:37 -0800

Our first time covering the SAG Awards…. Great job BlackTree!

The Stars come out for the 2010 SAG Awards Red Carpet

(via blacktreemedia)

President Barack Obama made his first State of The Union address...

Fri, 29 Jan 2010 16:25:00 -0800

President Barack Obama made his first State of The Union address 2 nights ago. I had been hearing A LOT of bad reviews about the President in the new year. I was hoping that his speech would quell all that and help ME see where his head is at. Listening to the media, it sounded as though The President had lost his way. The State of the Union he gave showed a man with some solid experience behind him and a man who has learned from it.

This morning, The President called all the Republican Congressman together for a special debate. Brilliant political move!

(via @baratunde)

A HYBRID?!! I am so getting one. No excuses now car...

Thu, 28 Jan 2010 23:48:22 -0800

A HYBRID?!! I am so getting one. No excuses now car manufacturers. Hybrid version of every model you make. Get on it.

via Ferrari set to unveil hybrid | Planetary Gear - CNET News

"Peace, enlightened beings. This is what you and I were put on earth to achieve. And that is what..."

Wed, 27 Jan 2010 09:28:17 -0800

“

Peace, enlightened beings. This is what you and I were put on earth to achieve. And that is what this device ultimately is about. Yes, you can read on it, and watch movies. But those are functions. Features. Those aren’t its purpose. The purpose of a device is something different altogether. What this is about is bringing people together to form the universal One, the great synchronization of human vibration in a global mesh of energy, like the planet in Avatar. That is the real goal. We are all one person. One spirit. I am inside you, and you are inside me. (Not really.) But anyway, do not allow yourselves to forget the higher purpose of what we are doing.

Oh, and we are totally going to fuck the cable carriers. But that too is just a side issue.

”

- Simply God in you and me and the next guy resonating because He is One. Same spirit. Different manifestations.
via Fake Steve Jobs, on the Apple unveiling. (via gbattle)

"Finally, it is well to remember that we are still in uncharted waters. We do not have any recent..."

Mon, 25 Jan 2010 12:42:03 -0800

“Finally, it is well to remember that we are still in uncharted waters. We do not have any recent experience with financial disruptions of the breadth, persistence, and consequences of those that we have experienced over the past several years. And we have no experience with most of the sorts of actions the Federal Reserve has taken to counter the shock… We will need to be flexible and adjust as we gain experience.”

- Now if the central bank of the largest economy in the world can just chalk it up to experience, so can I. Don’t be afraid to do anything.

(via FRB: Speech—Kohn, Monetary Policy in the Crisis: Past, Present, and Future—January 3, 2010)