Will.GU.Kiss.Ma.Red.Thin.Line?

Can.Be.This.Week..
As.Long.2.0252.Completely.Clear...

Here.I.Come....

Just.Wanna.Post..This.Weekend..With.The.New.Style..
Here.I.Come.
~Lets.Smile.For.Big.Pippin~

Vacation~Liburan

On.Vacation..
See.Ya.On.August..:)

Jez.Leave.A.Message..
email~fals.inheart@gmail.com
msn~fals_inheart@hotmail.com
yahoo.messenger~nebula_reality

Trade Wise, Trade Well!

Barclays Gets Dutch Court Backing for ABN Amro Bid (Update4)

By Jon Menon and Martijn van der Starre

A LaSalle Bank branch, in Chicago

July 13 (Bloomberg) -- Barclays Plc moved a step closer to buying ABN Amro Holding NV for 63.2 billion euros ($87.1 billion) after a court cleared the Dutch company's sale of LaSalle Bank.

The Dutch Supreme Court today said there were ``no grounds'' to block the sale, overturning a lower court ruling that said ABN Amro should have asked shareholders to approve its $21 billion disposal of Chicago-based LaSalle to Bank of America Corp. The decision removes an obstacle to Barclays's agreement to buy the rest of Amsterdam-based ABN Amro in the biggest banking takeover.

ABN Amro would make Barclays the world's No. 6 bank by assets and give Charlotte, North Carolina-based Bank of America the most market share in Chicago, the third-biggest U.S. city. While the decision is a setback for a group led by Edinburgh-based Royal Bank of Scotland Group Plc, which offered 70.9 billion euros for ABN Amro, investors and analysts expect a new bid.

``It is inevitable that the Royal Bank consortium will now bid for ABN ex LaSalle,'' said Len Riddell, fund manager at Martin Currie Ltd., which manages $26 billion including Barclays and Royal Bank shares. Executives at Royal Bank, Banco Santander SA and Fortis ``have put too much effort into this deal to simply walk away.''

ABN Amro's stock rose 0.7 percent to 35.56 euros at 2 p.m. in Amsterdam, exceeding Barclays's bid of 34.37 euros and indicating that investors anticipate a higher offer. Barclays shares rose 0.7 percent to 723.5 pence in London, valuing the company at 47.3 billion pounds ($96 billion).

Shares of Royal Bank, Britain's second-biggest lender, rose 0.5 percent to 637.5 pence in London. The group has offered 38.33 euros a share in cash and stock for ABN Amro.

`Removes Uncertainty'

Barclays, the U.K.'s third-largest bank, agreed to buy ABN Amro on April 23 in a deal that would double Barclays's revenue from consumer-banking, galvanize its push into markets such as India and Brazil, and boost securities trading. It is scheduled to send its formal offer to shareholders by July 23.

``We are pleased to see the Supreme Court has made a very clear ruling,'' Barclays Chief Executive Officer John Varley said in comments passed on by spokesman Alistair Smith. ``The ruling is definite and therefore removes uncertainty from the situation, which is good for ABN Amro customers and employees.''

For Bank of America, the second-largest U.S. bank after Citigroup Inc., the purchase of LaSalle would make it the biggest bank in Michigan and Chicago, ahead of JPMorgan Chase & Co. LaSalle would be Bank of America's largest acquisition since it bought MBNA Corp. for about $35 billion two years ago.

`Extremely Happy'

Bank of America ``is extremely happy'' with the judgment and aims to complete the LaSalle takeover as soon as possible, company spokesman Frans van der Grint said today.

Royal Bank CEO Fred Goodwin likely will resist arguments to drop the ABN Amro bid, said Mike Trippitt, a London-based analyst at Oriel Securities Ltd. in London.

``It is over as far as LaSalle goes,'' said Trippitt, who has a ``buy'' rating on Royal Bank shares. ``It would make sense for them to walk away, as LaSalle was a key part of the deal for Royal Bank, but you get the feeling they are not going to let go.''

Royal Bank's bidding group may now lower its bid by 1 euro a share, said Antony Broadbent, a London-based analyst at Sanford C. Bernstein & Co. In the revised bid, Royal Bank's group would receive $21 billion in proceeds from the LaSalle sale and wouldn't make a payment for breaking up Bank of America's deal, he said.

Royal Bank, which declined to comment on the court ruling, may still try to buy some of LaSalle's U.S. assets, said Simon Willis, a London-based analyst at NCB Group. Bank of America is most interested in expanding its retail franchise in Chicago, while Royal Bank wants LaSalle's commercial-lending operation, he said. ``A sale of some parts is not entirely impossible.''

Legal Wrangling

The Supreme Court's ruling comes almost three months after Dutch shareholder group VEB sought to block the sale of LaSalle to Bank of America by filing a suit with the Enterprise Chamber of the Amsterdam Court of Appeal. The lower court ruled in favor of the VEB, favoring Royal Bank. Barclays, ABN Amro and Bank of America appealed, sending the case to the Supreme Court.

``We are pleased that the Court has upheld our appeal,'' ABN Amro CEO Rijkman Groenink said in an e-mail today. ``We remain committed to acting in the best interests of our employees, clients and shareholders. It is in the interest of all involved parties to allow a transparent and swift process.''

Advocate General

The Advocate General, an adviser to the court, said last month that the sale didn't require shareholder approval. The Supreme Court followed that guidance in today's decision.

``The Supreme Court annuls the Enterprise Chamber's ruling and rejects the VEB's request to take immediate measures,'' Supreme Court Vice Chairman Hans Fleers said in The Hague today.

The ruling doesn't prevent shareholders from seeking to block the sale of LaSalle. VEB director Peter Paul de Vries, speaking to journalists after the ruling, criticized the decision.

``At this moment it's very likely the LaSalle sale will happen, but the takeover battle is not over,'' De Vries said. ``Everyone who thought shareholders had an extremely big influence was wrong.''

Goodwin was counting on LaSalle to boost Royal Bank's U.S. unit, where profit is flat after $13.6 billion of acquisitions during the past six years. The group's offer for ABN Amro ``has been structured and built, crafted, designed, whatever you call it, around the inclusion of LaSalle,'' Goodwin said at a May 29 conference in London.

Splitting up LaSalle

Royal Bank also wants ABN Amro's Asian operations and corporate banking business. Santander, Spain's No.1 bank, would expand into Italy and double its market share in Brazil with the acquisition of ABN Amro.

Fortis, the largest Belgian financial-services company, is seeking the Dutch retail banking arm and ABN Amro's asset- management and private bank units to create a ``Benelux leader.''

Barclays and the Royal Bank-led group last week won extensions to July 23 for submitting formal offer proposals to shareholders pending today's ruling.

``I don't think this will stop Royal Bank,'' said Dave Bradbury, who helps manage about $13 billion in assets including Royal Bank and Barclays stock at Canada Life Ltd. in London. ``We will have to wait and see what their next move is.''

To contact the reporter on this story: Jon Menon in London: jmenon1@bloomberg.net Martijn van der Starre in Amsterdam vanderstarre@bloomberg.net ; Ben Livesey in London blivesey@bloomberg.net

Gimme.Suggestion...:)

Leave.Your.Comment.About.This.Chart..Pleaseeee..!!

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Marks & Spencer Has Slowest Sales Growth in 18 Months (Update5)

By Neil Craven

Stuart Rose, CEO of Marks & Spencer

July 10 (Bloomberg) -- Marks & Spencer Group Plc, the U.K.'s biggest clothing retailer, said British sales rose at the slowest pace in six quarters after the wettest June on record and higher interest rates eroded sales of summer produce and fashions.

Revenue gained 6.4 percent in the fiscal first quarter, which ended in June, the London-based retailer said today in a statement. That beat the median estimate of 5.5 percent in a Bloomberg survey of 10 analysts.

Chief Executive Officer Stuart Rose said daily downpours reduced demand for summer dresses and helped sales of household goods instead. He expects domestic sales to ``remain very challenging'' after the Bank of England raised its benchmark interest for a fifth time last week.

``They're clearly beating the competition in what's becoming an increasingly bleak trading environment,'' said Andrew Bell, head of research at Rensburg Sheppards in London. He said the company had performed better than he expected as consumers tightened their spending.

Shares of Marks & Spencer jumped as much as 24.5 pence, or 3.9 percent, to 657 pence today in London, the highest since February, before paring gains.

The stock traded at 637.5 pence at 3 p.m. local time, reducing its decline this year to 11 percent. Next Plc, the U.K.'s third-largest clothing chain, has climbed 11 percent so far in 2007.

Total sales including franchise outlets and international stores gained 7 percent. The retailer has stores in Ireland and Hong Kong and owns 60 percent of a unit in Taiwan. Rose said at today's annual general meeting that the company is reviewing ``several large'' countries for expansion.

Wet Weather

Sales of general merchandise, which includes clothing, rose ahead of forecasts at 2.9 percent at stores open at least a year. Food gained 0.7 percent on that basis, lagging the 1.4 percent median estimate of 12 analysts.

``When it rains and people go off buying clothes, there is a certain amount of switch in spending'' to other goods, including home products, said Richard Ratner, an analyst at Seymour Pierce in London. Marks ``isn't really at the expensive end of homeware, and is probably better placed with food and clothing to ride what we think will be a very difficult time.''

Evolution Securities today cut earnings forecasts for Home Retail Group Plc, saying the owner of Argos is overstocked with summer homewares and will be hurt by higher rates. Tesco Plc, the nation's biggest retailer, has also predicted higher rates will weigh on consumers.

Market Share

Marks extended its market share in all of its product areas in the past 52 weeks, Rose said. The retailer cut prices on towels and kettles and extended ranges to include flat-screen televisions and laptop computers, boosting sales at its home unit by 13.4 percent. The wet weather limited the appeal of Marks' collection of knee-length, leaf-print summer skirts and crinkle lace-trim tops.

``Not many girls were running out and buying hot pants and t-shirts in June,'' Rose said on a conference call. ``Retailers don't like interest-rate rises. As every other one comes on it will make life more difficult.''

Deutsche Bank AG, Dresdner Kleinwort and HSBC Holdings Plc reduced their price targets on Marks & Spencer's stock in the past week, citing concern over the pace of revenue growth.

Managing Expectations

``M&S continues to lead something of a charmed life,'' said Richard Hunter, an analyst at Hargreaves Lansdown in London in an e-mailed note. `` The company continues to play down expectations. The actual numbers are sluggish by their own standards, but much of the sting had already been taken out of the news ahead of today.''

Rose, who joined the company in 2004 to fend off a bid from billionaire Philip Green, reported the firm's highest profit in nine years in May after cutting prices, using celebrities such as Twiggy in advertising and refreshing fashion ranges.

Marks & Spencer increased its share of the U.K. clothing market by 0.7 percentage points to 11.1 percent in the year ended April 1 and boosted its share of the food market by 0.2 percentage points to 4.3 percent. To fight back against Tesco and John Lewis Partnership's Waitrose chain, Rose said Marks plans to triple its organic-food range over three years.

Rose wants to add more food and overseas franchise outlets and is renovating stores to further boost sales. About 70 percent of the chain will have been refurbished by Christmas, which Rose said caused some ``disruption'' to trading in the quarter. The CEO said at the annual meeting that new stores are opening more quickly than the company had forecast.

``It seems to be working well,'' Ratner said of the expansion strategy, adding there could be ``danger'' in opening new stores too rapidly. ``I don't think Marks are at saturation point at the moment,'' he said.

Davies Speculation

Rose said he plans to meet this week with George Davies, the creator of Marks & Spencer's Per Una range of women's clothing, amid speculation the executive may quit. Davies will not sign a new contract when the current one expires in late fall, the Daily Telegraph reported on July 8, citing an unnamed executive close to the matter.

Private-equity firms ``would love to get their hands on'' the company's executive team, Rose said at the company's annual shareholder meeting in London this afternoon.

To contact the reporters on this story: Neil Craven in London at Ncraven1@bloomberg.net

The learning cycle for a newbie trader

Realtrader.Blogspirit.com

Nice.And.Think.'Ve.to.Share.With.Any1

The learning cycle for a newbie trader
Hi folks.

Many of you don't know, but I used to be involved in training people in various things (not trading) and I thought I might share with you the journey that you take when beginning anything new. also if I show you my kind of writing style you might just buy my beginners forex book

This cycle is as true for trading as it is for learning to drive a car and consists of five components.

I'm going to take you through each stage so you can recognise exactly where you are in your trading journey.

Stage 1: Unconscious Incompetence.

This is the first step you take when starting to look into trading. you know that its a good way of making money cos you've heard so many things about it and heard of so many millionaires.Unfortunately, just like when you first desire to drive a car you think it will be easy - after all, how hard can it be?? - price either moves up or down - what's the big secret to that then - lets get cracking!

unfortunately, just as when you first take your place in front of a steering wheel you find very quickly that you haven't got the first clue about what you're trying to do. you take lots of trades and lots of risks. when you enter a trade it turns against you so you reverse and it turns again .. and again, and again.

you try to turn around your losses by doubling up every time you trade - sometimes you'll get away with it but more often than not you will come away scathed and bruised

Well this is stage one - you are totally oblivious to your incompetence at trading.Stage one can last for a week or two of trading but the market is usually swift and you move onto stage two.

Stage 2: Conscious Incompetence

Stage two is where you realise that there is more work involved in this and that you might actually have to work a few things out.

you consciously realise that you are an incompetent trader - you don't have the skills or the insight to turn a regular profit.

During this phase you will buy systems and e-books galore, read websites based everywhere from Russia to the Ukraine. and begin your search for the holy grail.

During this time you will be a system whore - you will flick from method to method day by day and week by week never sticking with one long enough to actually see if it does work. every time you came upon a new indicator you'll be ecstatic that this is the one that will make all the difference.

you will test out automated systems on Meta-trader, you'll play with moving averages, Fibonacci lines, support & resistance, Pivots, Fractals, Divergence, DMI, ADX, and a hundred other things all in the vein hope that your 'magic system' starts today.

you'll be a top and bottom picker, trying to find the exact point of reversal with your indicators and you'll find yourself chasing losing trades and even adding to them cos you are so sure you are right.

You'll go into the live chat room and see other traders making pips and you want to know why it's not you - you'll ask a million questions, some of which are so dumb that looking back you feel a bit silly. You'll then reach the point where you think all the ones who are calling pips after pips are liars - they cant be making that amount cos you've studied and you don't make that, you know as much as they do and they must be lying. but they're in there day after day and their account just grows whilst yours falls.

You will be like a teenager - the traders that make money will freely give you advice but you're stubborn and think that you know best - you take no notice and over leverage your account even though everyone says you are mad to - but you know better.

you'll consider following the calls that others make but even then it wont work so you try paying for signals from someone else - they don't work for you either.

This phase can last ages and ages - in fact in reality it can last well over a year - My own period lasted about 18 months.

Eventually you do begin to come out of this phase. You've probably committed more time and money than you ever thought you would, lost 2 or 3 loaded accounts and all but given up maybe 3 or 4 times.

Then comes stage 3

Stage 3: The Eureka Moment

Towards the end of stage two you begin to realise that it's not the system that is making the difference.

you realise that its actually possible to make money with a simple moving average and nothing else IF you can get your head and money management right

You start to read books on the psychology of trading and identify with the characters portrayed in those books.

Finally comes the eureka moment.

The eureka moment causes a new connection to be made in your brain.

you suddenly realise that neither you, nor anyone else can accurately predict what the market will do in the next ten seconds, never mind the next 20 mins.

You start to work just one system that you mould to your own way of trading, you're starting to get happy and you define your risk threshold.

You start to take every trade that your 'edge' shows has a good probability of winning with.

when the trade turns bad you don't get angry or even because you know in your head that as you couldn't possibly predict it it isn't your fault - as soon as you realise that the trade is bad you close it . The next trade will have higher odds of success cos you know your simple system works.

You have realised in an instant that the trading game is about one thing - consistency of your 'edge' and your discipline to take all the trades no matter what.

You learn about proper money management and leverage - risk of account etc etc - and this time it actually soaks in and you think back to those who advised the same thing a year ago with a smile

you weren't ready then, but you are now.

The eureka moment came the moment that you truly accepted that you cannot predict the market.

Then comes stage four

Stage 4: Conscious Competence

Ok, now you are making trades whenever your system tells you to.

you take losses just as easily as you take wins

you now let your winners run to their conclusion fully accepting the risk and knowing that your system makes more money than it loses and when you're on a loser you close it swiftly with little pain to your account

You are now at a point where you break even most of the time - day in day out, you will have weeks where you make 100 pips and weeks where you lose 100 pips - generally you are breaking even and not losing money.

you are now conscious of the fact that you are making calls that are generally good and you are getting respect from other traders as you chat the day away.

You still have to work at it and think about your trades but as this continues you begin to make more money than you lose consistently.

you'll start the day on a 20 pip win, take a 35 pip loss and have no feelings that you've given those pips back because you know that it will come back again.

you will now begin to make consistent pips week in and week out 25 pips one week, 50 the next and so on.

this lasts about 6 months

then comes Stage Five

Stage 5: Unconscious Competence

Now were cooking - just like driving a car, every day you get in your seat and trade - you do everything now on an unconscious level.

you are running on autopilot. You start to pick the really big trades and getting 100 pips in a day is becoming quite normal to you.

This is trading utopia - you have mastered your emotions and you are now a trader with a rapidly growing account.

you're a star in the trading chat room and people listen to what you say. you recognise yourself in their questions from about two years ago.

you pass on your advice but you know most of it is futile cos they're teenagers - some of them will get to where you are - some will do it fast and others will be slower - literally dozens and dozens will never get past stage two but a few will.

Trading is no longer exciting - in fact it's probably boring you to bits - like everything in life when you get good at it or do it for your job - it gets boring - you're doing your job and that's that.

You can now say with your head held high "I'm a currency trader"



I hope you've enjoyed this text and can recognise yourself in some stage or another - personally I'm at stage four now and am constantly making good amounts of pips - I've been trading in total for about 3 years and the first two were hell on earth.

for those of you reading this who stick with it, ill look forward to the banter we have together in the future when we are both bored to death during the trading day

U.K. Gilts Post Weekly Decline on View Rates Will Keep Rising

By Anchalee Worrachate

July 7 (Bloomberg) -- Gilts fell this week, pushing 10-year yields to the highest in more than seven years, on speculation the Bank of England will keep raising the cost of borrowing to cool inflation.

The BOE raised rates for a fifth time in 12 months this week, to a six-year high of 5.75 percent, and signaled further increases may be needed. The central bank said inflation risks in the medium term ``lie to the upside.'' The government said yesterday factory production rose in May to the highest in almost six years, a sign rates aren't too high to support economic expansion.

``Yields are going to move higher from here,'' said Graeme Caughey, who helps manage 100 billion pounds of assets for Scottish Widows Investment Partnership Ltd. in Edinburgh. Bonds maturing in 10 years or more ``still have to price in some of these moves'' in interest rates by the Bank of England.

The yield on the 4 percent gilt maturing in September 2016 rose to as high as 5.55 percent yesterday, the highest since February 2000, from 5.45 percent at the end of last week.

The yield was at 5.54 percent at 4:28 p.m. yesterday in London. The price of the bond fell 0.55, or 5.5 pounds per 1,000- pound ($2,013) face amount, to 89.06 from June 29.

Two-year yields rose 4 basis points from last week to 5.80 percent. Yields move inversely to prices.

The pound rose 0.2 percent versus the dollar this week after earlier falling as strong U.S. economic reports prompted a decline in the extra yield U.K. bonds offer over Treasuries.

U.S. Payrolls

The yield gap between Britain's 10-year gilts and U.S. debt shrank after the Labor Department said yesterday U.S. employers added more jobs in June than expected. The spread between 10-year gilts and Treasuries narrowed to 37 basis points after the data were released, from 46 points on July 4.

The pound traded at $2.0129 late yesterday, from $2.0087 on June 29. Earlier this week it rose to as high as $2.0207, the strongest since June 1981. The currency was at 67.73 pence per euro from 67.60 on July 5.

``The broader theme on the market is ongoing sterling strength,'' said Gavin Friends, head of currency strategy at Commerzbank AG in London.

The pound has gained 2.5 percent against the dollar and around 6 percent against the yen this year as investors bought the currency to take advantage of the highest benchmark interest rates among the Group of Seven industrialized countries.

To contact the reporter on this story: Anchalee Worrachate in London at aworrachate@bloomberg.net

What.Can.I.Say....

Bear.Party.Already.Started...

SL...:)

Stop.Loss.at.the.Entry.Point.Breached..
Coz.Wut?..
Think.coz..5.75%.GBP.Rate..:)
~~Waiting.Next.Moment.Then~~

New.Journey.Already.Begun...!!

This.is.Ma.New.Journey..
Hope.Will.Be.Better.Than.Before...
Put.SL..At..2.0200..Actually.Ma.Sell.Limit.Which.Already.Executed.Yesterday..
1st.TP..20111..2nd.TP..19940

Done...

This's.The.End..Of.Ma.Long.Journey.on.GBP/USD.
~20202~What.a.nice.number..!!
My.Sell.Limit.at.2.0200..already.Executed..
Lets.say..2.0159..will.be.ma.lil.barrier...And.Then.2.0111..Medium.Barrier..
But.If.it's.false..Me.Preparing.to.put.SL.2.0257..And.Waiting.For.Next.Moment

Play.Safe...!

GU.Still.in.Bullish.Area..Play.safe..Secure.Ur.Profit..:)

Autonomy Buys Zantaz; Sales, Profit Beat Analysts' Estimates

By Alex Armitage

July 3 (Bloomberg) -- Autonomy Corp., which sells database search software, bought closely held e-mail archive company Zantaz Inc. for $375 million and said second-quarter revenue and pretax profit beat analysts' highest estimates. The stock had its biggest gain in 18 months.

Sales and pretax profit were ``significantly'' better than the average estimates of analysts and ``ahead of the top end'' of forecasts, Autonomy said today in a statement of its preliminary results. The company was predicted to have sales of $70.2 million, the average of four estimates compiled by Bloomberg.

Cambridge, England-based Autonomy, which won contracts with the U.S. Defense Department and Fidelity Investments in the quarter, is benefiting from demand for tools used in search, classification and analysis of text, video and audio databases. Autonomy plans to combine Zantaz's e-mail archive and analysis products with Autonomy's other search software.

``Today's announcement is positive,'' JPMorgan Cazenove analyst Daud Khan wrote in a research note. Khan, who rates the company ``in-line,'' estimates the company had $69.6 million in sales and pretax profit of $24.7 million.

Autonomy shares rose 65.5 percent, or 9 percent, to 793.5 pence at 10:28 a.m. in London. Earlier it climbed as much as 11 percent, the most since November 2005. The stock had risen 86 percent in the past 12 months before today.

Sales Growth

The second-quarter results extend the company's sales growth to 11 consecutive quarters.

Pretax profit in the quarter was forecast to be $23.4 million, the average of three estimates compiled by Bloomberg.

``A lot of this has to do with companies switching'' to Autonomy's database search software, Chief Executive Officer Michael Lynch, who owns 10 said in an interview. ``Autonomy has had a strong second quarter.''

Autonomy, in a separate statement, also said it will sell 12.7 million new shares to help fund the purchase of Pleasanton, California-based Zantaz.

Citigroup Inc. and UBS AG managed the sale.

Zantaz's customers include banks and nine of the top 10 global law firms. The acquisition of Zantaz, which will add to earnings in the first six months after the August close, will reduce costs by $25 million a year.

To contact the reporters on this story: Alex Armitage in London at aarmitage@bloomberg.net

20202..i'm.comingggggg!!!

Hope.2.0125..'ll.be.break..
Sell.Limit.at..2.0200
Sell.Stop.at..1.9995
Yihhaaaaaaaaaa...