Wednesday, August 31, 2011

How was my Forex game ?

After setting up my forex game in just 15 minutes, I let the 'winning formula' runs by itself for the past 12 hours.  While I eat, dine and wine as usual.  I have just earned $64 !

First check the Account History to see what your formula has bought and sold for you.  As you can see below, I only win BIG in 1 or 2 trades, most of the other trades are actually losing trades.

This can be seen from below graph too, the formula successfully caught one major down trend.  When the market goes side way, many small loses are made.

So I test the formula again for the past 24 hours

Instead of earning profit for me from 30th to 31st August, this formula now is losing me money if I would have traded from 31st August to 1st Sep.

So was it just pure luck ?

  • Moving Average with those big parameters are meant to catch big trend change and indeed that was what it did exactly.  When market goes smaller side trend, it starts to trade too late and caused loses.

  • So each formula is good at certain condition and until today, there isn't one formula that can cater for all situations

  • The so called world champion strategy has about 48% success rate when left running over a long period of time.

  • But The good thing is now we can test our strategies before we actually enter market.

Quilling Project Finished!

It's DONE!!!  I am so glad to have one of my Cultural Arts entries finished:o) Remember the other day when  I gave you a sneak peek and asked you to guess what I was making? One of you smarty-pants, and I'm not naming names;o) said it was a Smurf....well I would have to agree that it is the same color scheme as the Smurfs.....but, um,'s not a Smurf:o)
Would you have ever guessed that this Smurf-looking thing,
would have been this?
Definitely NOT Smurfette;o) On the way home from Orlando I decided that S.R. needed a quilled Cinderella...don't ask why:o)
 Anywhoodles, I used this picture of Cinderella as my guide.

Me likey:o) And so does S.R.!!

Now I need to get it framed so that it doesn't come apart. Poor S.R. won't see this again until Christmas morning.
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Learn to PLAY Forex in 15 minutes

Truly understand Forex may be as tough as understanding world economy.  But 'playing' forex is NOT any tougher than any number game.  I have stopped forex for a couple of years now, recently I got some spare time ( Happy Raya Merdeka Day to fellow Malaysian !) so I re-learn and start to play again in 15 minutes, perhaps you can try too.

  1. Register an account with Oanda  (Choose Practice account)

  2. Login to Oanda

  3. Create sub account, enable use with MetaTrader under Advance Option

  4. Download MetaTrader, install it.

  1. Run MetaTrader, Login using account number, not the user name

  2. Launch Strategy Tester under View menu ( CTRL-R )

  3. enter basic parameters and click Start

  4. view Report to see if this method can earn money

  5. Modify Expert Properties until satisfy with result

  6. Da da !  I have a sure win strategy in Forex !!

Ok, the last statement is a lie.  But there are 'teachers' collecting $3,000++ for a course just like this thao.

All that 'proves' is that Moving Average with those particular parameters can earn me a hundred or two bucks from 30th to 31st August 2011.  It implies almost nothing at all how it can preform before and after that.

Important but boring notes
  • I choose Oanda because almost 48% of its users are earning while others only have 20-30% success rate.  Oanda is also having the largest users base.

  • Investing with real money in Forex is the beginning of the end even for some billionaires.  It is almost a Guarantee place to die if you don't truly understand forex yet.  So play it like a game all you want, but never ever invest in Forex just because this blog makes it seems so simple.

  • The true message MalPF wants to share is that you must use EA if you truly serious want to invest in Forex.

  • Can't even get passed signing up, download and login with Oanda ?  Just click the LIVE HELP button on their web page, someone will chat and help you.

  • You are still clueless how to 'play' forex ?  Good, you shouldn't then.

Alright, here are some screen shots ... 

1. Register Oanda

2. Login

 3. Create sub account, enable MetaTrader


4. 1.  Download and login MetaTrader

2. Open Strategy Tester window ( usually at the bottom )

3. Enter parameters, click Start to analyse

4. View Report to see if it is satisfactory

5.  if not, tune 'Expert Properties' until happy.

6.  If still need helps, pay me $3,000 and I will teach you in person in Starbuick. *joke*

When you have found your jewel guarantee to win strategy, its time to enable the automated trading ( on a practice account ), leave it there and then check the result later.

Tuesday, August 30, 2011

Travel Pillow

I hope you all had a great weekend. Things around here are slightly less than crazy but truly bordering insanity;o) I have been busy with projects and being a homemaker:o) My best bud from high school sent me some pics the other day of a quick travel pillow idea she whipped up for her son. They had a long road trip ahead of them, so she needed something to keep her little man busy. 
She hot glued a clipboard to a travel pillow.
Super simple!
 I love that it opens up. Perfect for storing writing utensils and extra paper.
 Nift-o nifty, eh?
She really needs to start her own crafty blog! She always has clever ideas...maybe we can talk her into it;o)
I hope to share a Batman Cape table runner with you guys within the next day or two. I just need to take the time to make pictures:o)
Happy Tuesday...what's left of it;o)

How to automate trade Forex

After you setup a demo account, test proof a winning strategy, you can let that the system to trade for you automatically.

Make sure Expert Advisor is running ( green color )

Then select the strategy you want to use, right click and Attach to a chart.

Click on Live Trading ( on a practice account )

Make sure the parameters are as what you wanted

Sit back and just watch the system trade for you.

How this demo is setup in 15 minutes
and how much it has earned me in the past 12 hours even without me working on it.

Who collapse World Economy ?

Most may have sensed that the world economy is changing.  Western world ability to print money (Monopoly game?) used to be the ultimate finance power but now this method is seriously in doubt.  Most blame USA central bank for this sad event but malpf thinks that actually Robert Kiyosaki has caused this.

If we rewind about 10 years back, no one really question about USA finance system.  As a matter of fact, everyone else in the world want to be friend with the giant.  After Rich Dad Poor Dad, Robert at that time has already started telling the public ( USA citizens mostly ) NOT to SAVE as your Government has NO MONEY pay you back ...  Soon after that, Donald Trump and Warren Buffet joined in the 'finance education' arena.

USA's finance system has evolved for a century now.  It is an open secret how deceiving it is but yet it continues to grow bigger and bigger.  Because the system will work as long as 80% of the people are dump enough to continue pay their money to the 20% riches.  But comes 21st century with Robert's popular education, the 80% public now knew how dump they were now that they are still poor, everyone stop funding USA finance system now.  Hence no matter if USA does QE1, QE2 ... QE6, it is much harder to get the 80% of public to play the same game anymore.

The reason the world economy cannot revive as fast as it should be is because the public has lost faith in it.  Why do public NOW lost faith in it ?  Well, a large part of it is thanks to great finance educators like Robert Kiyosaki.

Western finance system may be deceiving but just like any magic show, the magic is fascinating as long as 80% of the audience don't know the secret.  But once everyone know the secret, who want to watch the show anymore ?

USA was the magician
Robert broke the secret wide open
No one want to watch anymore

Is this a good thing ?  Malpf is not sure.  You see, when one magic show ends, another one should come up soon.  Else we do not want to watch any more magic show no more.  Robert is a teacher.  He taught everyone to be aware.  Awareness is a good thing.  But stopping the show without a replacement is a bad thing.

How about you ?  Who do you think has collapsed USA economy ?

THE CMHC is getting more flack

It is becoming a daily occurrence for someone in the media, or an academic to attack the CMHC for either helping ignite the RE bubble in Canada or for building up a good head of risk for which we are all responsible.

The latest were this and this.

This was the first detailed set of results the CMHC has published and showed declining activity thanks to Flaherty's changes. Here is a snippet:

According to the CMHC, these numbers show it’s doing a good job of maintaining a healthy, sustainable housing market.

But Finn Poschmann, vice president of research at the C.D. Howe Institute, is skeptical. “The size of the drop in refinancing is surprising to the point of shocking,” Mr. Poschmann said in an email. “You could hardly have better evidence of the extent to which CMHC practices have been supporting high debt and risky borrowing by homeowners.”

A frequent critic of the organization, Mr. Poschmann argues that CMHC practices have helped inflate housing prices and encourage consumers to take on more debt than they can handle.

It's obvious isn't it- if you help people buy more than they can afford you will be pumping an already over-heated RE market. Of course the CMHC has tried to defend it's actions. All organizations want to feel that they are doing good, and want to expand and grow not be kept in check.

I can see how in it's early days the CMHC may have had a role. Prices were low, interest rates were high and folks had trouble getting loans. They were there to insure the riskiest of loans.

Yes it would have been better to leave it to private insurers, but we cannot fault it too much. RE was slowly rising and CMHC helped people get into positions to build equity. Most importantly it was small:

I won't dwell on the fact that CMHC ended up insuring rental and investment properties which is well beyond and goes aginst it's apparent mandate- to help Canadians own a home.

Now fast forward to today. We are sitting at very high RE values. we have easy lending standards with banks and mortgage brokers falling over themselves to lend and lastly we have the lowest interest rates in memory.

This would be the worst, most riskiest time to insure high-leverage mortgages. Not only that, but by adding further marginal buyers to this over-heated RE pile, they are making it even more difficult for the next generation of buyers to get into the market. Soon everyone needs CMHC insurance to get onto the first step.

A self-reinforcing loop.

Meanwhile the CMHC has bloated up since the above graph to a mega-monster! Over $500 Billion of coverage, $45 Billion of which have 10% or less equity and if we correct, as we surely, eventually, WILL- the Canadian tax payer will be on the hook and Government spending will be severely affected to pay for this.

As the Globe and Mail said:

The banks won’t lose. Only Ottawa will. It’s too late to do anything about those insurance policies now—we’re on the hook. But it’s not too late for Mr. Flaherty to show up at the CMHC board with a new set of orders: Shrink it.

Of course the Conservatives, despite having no love for the CMHC, panicked and doubled the size of it when the 2008 crisis hit. So they have to shoulder a big part of the blame.

I have always said - Government should strive to provide it's citizens with affordable housing. It should not place risk on future generations to allow everyone to own a home. In fact, by trying to do so, it may be making housing much less affordable for renters AND buyers.

Please vote in the poll folks...

Sunday, August 28, 2011

Moving over to the dark side...

The perceptive ones may have noticed that ads have suddenly appeared on the blog. It's true, I have decided, after years of pumping this blog out to hit it rich and retire.

In fact it may only be temporary. I was tired of getting the e-mails and pop-ups saying the blog was busy enough to warrant throwing ads up.

OK, so I did it and I will tell you all how many Millions it brings in.

Maybe I can spend a bit more time on the blog.

In fact I am going to change a few things:

1) I have added a few more links to sites I like - they either deal with local RE or investing topics. I want this to be a hub for all good info. If you think I should add another one, please say so.

2) I want to put up more frequent posts, as I think things are getting interesting We are at the cross-road. Inventory levels are high and Econ 101 would suggest that either the inventory will come off like 2010 or prices will fall like 2008. I am going to put up MOI for various areas inside and outside on Vancouver to monitor this.

3) Our first test will be August SFH average prices. I put up another poll to see if we are any more accurate in our guesstimates. We were truly off the mark for July. Here's the result of that poll:

17% Up Marginally
2% Up and Away
34% Down a Tad
40% Flat
7% Down the bowl (ie over 3%)
And the correct answer is Down the Bowl. Down 6.5% from June and 8% from the highs.

That huge drop was just brushed away by the RE bulls as an aberration. Who can blame them after the huge run up. However it will be harder to dismiss another big drop for this month.

BTW- anyone who has not read this excellent article on the drug trade and the housing market- I suggest you give it ten minutes.

The drug and organized crime industries are so big in the Province (17,000 Grow ops!!), it is no wonder that no-one wants to tackle them head-on, in case they bring on a major recession.

It reminds me of Florida a decade or two ago, when the Federal government wanted to stem the huge narco-money that was flowing into the State (also into RE- though mostly developments and shopping malls), the Governor asked if they could go slow to mitigate the economic impact.

Saturday, August 27, 2011

End of Warren Buffet ?

Have you ever had the experience that before you invest in something, you always get the market right ?  Then once you get into in, things start going the other way and you wonder Argh !!! Its just so typical ?  Well, you are not alone.  Almost everyone has that, even the most experience investor.  But would Warren Buffet fall for such prey too ?

There is such thing called 10 years cycle in global stock market where the worst and best performance take turns every 10 years, there about.  Previous recessions happened in 1990, 1998, 2008.  So theoretically for the next few years, we are heading toward the next height better than ever before.

Warren Buffet shared the same thought and he has been heavily invested into the market since 2009.  By early 2011 he is almost fully into the market.  But everyone can see now that the market is NOT shooting up yet.  On the contrary, most are expecting double dips now especially for the western worlds.

It appears that even Warren Buffet starts to get worry and he now appears more on media stating his opinion that there is nothing to worry about.

We (USA) have a great system (finance), 
we always get back on our feet
it doesn't mean we wouldn't get tested
but we will be fine.

This is called public confidence instilment.  Since he doesn't have others things to do; ie. most of his capital are already in the market, he, the ultimate investment idol of the world, now has the time to come out asking all of us to join him to go into the market.  Unfortunately, this time ... even the market is bigger than Warren Buffet, may be ?

There is no apparent hints which way market will go but then again, things should become much clearer before year end so its not too long from now.  Warren Buffet will either meet his end or he will become so much richer than he already is.

So right now, Warren Buffet is hopeful on the market because he is already in the market and he needed it to be ok.  So don't beat yourself too hard when the market didn't go your way after you go in.  Its just part of our nature way of expecting the world to go our ways, always.

kass had the same worry too

Friday, August 26, 2011

I am back

Back form the Sunshine Coast where waterfront prices are apparently down 16% from last year. The few sales are from Albertans who have a few more bucks and are getting ready for retirement or Vancouverites who have hit the jack-pot and sold out to the HAM.

Ferry fees are one factor $100 bucks for a midweek run back and forth with a couple of kids, add in gas and ferry food and all the other goodies and that week-end getaway is MUCH cheaper to rent than own. AND who is going to look after it while you are busy earning the dough to run it? What happens when pipes freeze in winter, or a big branch comes through the roof in a windy storm or the septic tank backs up from a tree root.

Then there is the wait at the ferry terminal..and did I mention the cost. No wonder ferry ridership has collapsed.

Looks like the ferry corp will be pulling out of sponsoring the Canucks. Why would a Public Ferry corp sponsor a very profitable professional sport's team? Why would they have a luxury box to entertain guests? What guests? probably the same reason they pay the CEO over a Mill.

If they are trying to support the community, how about supporting 1000 Peewee teams instead?

Back to the SSC. The sellers there are pretty much under-water if they bought after 2006 from what I could tell. They are fighting hard to keep the prices up, even though demand has dried up. The price adjustments follow the market down, though I did see one sale for $1M on an $1.4 M asking. Nice one buyer!

Back to this town. Inventory is up. Up to October 2010 levels. Now it gets interesting. Where do we go from here. Sellers last year pulled their listings and then in the New Year we had the HAM invasion and optimism about the economy -remember the bank economists were still saying the Bank of Canada would raise rates this summer (which shows you how little use that field of 'science' really is)

Now our dynamic is slightly different. There is talk of a double dip. The B of C is running scared and the stock market has taken a nasty little tumble. Of course there is still HAM money and gold mining executives are sitting on some big bonuses, so there will always be money flowing. Heck, even in the US where they have a critical recession with 10+% unemployed, someone found a few bucks under the cushions to buy a $16 Million Lamborghini - and no he didn't work for BC Ferries.

What I am Working on...

Can you tell what this is?
 Or what it will be?
I am trying my hand at quilling. I have been working on my entries for the Homemakers' Cultural Arts Fair scheduled for the end of September. Qulling is one of the categories. 
On our way back from FL, I decided I would make S.R. a picture using the art of quilling. It is very time consuming, but it makes beautiful art....let's hope that my first attempt looks like what I want it to;o)
Have a great weekend!!!

Wednesday, August 24, 2011

Free-To-Me Crafts: Basket Weave Hair Bow Holder

The other day I saw the cutest tutorial on how to make a hair bow holder using ribbon and a picture frame. I thought that I had bookmarked it, but apparently not. I can't seem to find it anywhere. It was so cute!!
So I definitely cannot take credit for this idea...if any of you know who created it, let me know so I can do a link back, please!
Anyway, we were having an issue with S.R.'s hair bow holder. We were running out of room.

Here is what I made for her to fix the problem.

This project was of no cost to me. I had all of the materials on hand. A friend of mine gave me this picture frame a few months back. I am slowly becoming the person who everyone wants to give their junk to, and I secretly LOVE it!!! Hubs...not so much;o)
Any-whoodles, she was a sad little frame:o( 

She needed some love, so I painted her with Krylon's Premium Silver Foil Metallic Spray Paint. It was the only full bottle of spray paint I had:o) I have a ton of ribbon my mother gave me, so I used coordinating ribbons and created a basket weave pattern and hot glued the ends just inside the lip of the frame where the glass usually rests.

This project took me 30 minutes to complete after painting, and was FREE! You really can't beat that:o)
Now we have more room for new hair bows!!

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Monday, August 22, 2011


A very fine Canadian is dead, at the age of 61. A tragic loss for us all.

Jack was a fighter and a truly courageous man.

He took all the attack the right wing media could throw at him from the smear campaigns about his ethics to calling him Taliban Jack.

They did their worst and he still fought back with grace.

BTW- if you want to see how shamefully biased to the right our media is have a look here.

We have lost a GREAT Canadian.

Sunday, August 21, 2011

Mommy Chore Chart

I have some new things to share with you all this week, but no pictures yet, so stay tuned to see what I have going on.
I have a presentation for Homemaker's Club on Tuesday...25 Ways to be a Cheaper Housekeeper. Sounds exciting, huh?  Anyway, I like to have a little something to give to everyone to take home. I decided that I would make chore charts as hand outs for the girls. Most of them are grandmothers at this point, but I knew that a lot of you guys were still just mommies, so I made two different versions.
This is just a little way to break up the everyday cleaning that we do as keepers of our home. I know that I usually try to do everything in one day, and then I become crabby from pure exhaustion.
This is a tool to make things a little easier on us all.....who doesn't want that:o)
If you will notice, I gave you "The Lord's Day" off;o)
Click on the links below, to download your chore chart.

Hopefully this can ease the frustration of cleaning house!