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Time Trending Trades with CCI

Time Trending Trades with CCI Time Trending Trades with CCI
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Timing market entries is a critical skill for Forex traders to master. Today we will learn to time trending trades using the CCI Oscillator. Article Summary: Timing market entries is a critical skill for Forex traders to master. Today we will learn to time trending trades using the CCI Oscillator. When traders think technical indicators, normally oscillators come to mind. Oscillators are a class of indicators designed to track price by moving (oscillating) either above or below a centerline. Knowing how to read and understand these indicators can help trader’s specifically pinpoint market entries. Today we will review one of these indicators from the oscillator family, the Commodity Channel Index (CCI), and discuss how we can use it to trade retracements with the trend. Learn Forex –CCI Overbought / Oversold (Created using FXCM’s Marketscope 2.0 charts) If you are already familiar with RSI , you are one step closer to trading with CCI. Both utilize a mathematical equation to depict overbought and oversold levels for traders. Pictured above, CCI uses a +100 value to indicator overbought levels, while below -100 value represents an oversold value. Normally 70-80% of the values tend to fall between overbought and oversold levels. As with other overbought/oversold indicators, this means that there is a large probability that the price will correct to more representative levels. Knowing this, trend traders will wait for the indicator to move outside of one of these points before reverting back in the direction of the primary trend. Let’s look at an example using the strong trend on the USDJPY. Learn Forex –USDJPY Trend with CCI (Created using FXCM’s Marketscope 2.0 charts) Above we can see an example using a Daily graph of the USDJPY currency pair. The pair is in an established uptrend with price remaining above a 200 period moving average. Knowing this, trend traders should look to initiate new buy positions. The primary way of timing entries with CCI in an uptrend is to wait for the indicator to move below -100 (oversold), and enter into the trade when CCI moves back above -100. This creates an opportunity to sell the currency as momentum is returning back in the direction of the trend. As CCI now reads below -100 on the USDJPY, traders can wait for an opportunity to trade with the resumption of the trend. It is always important to wait for momentum to return with CCI closing above -100. On a daily chart, this means waiting for a daily candle close in order to confirm CCI moving back above an oversold reading. To contact Walker, email [email protected]南京夜网 . Follow me on Twitter at @WEnglandFX. To be added to Walker’s e-mail distribution list, CLICK HERE and enter in your email information Want to learn more about trading CCI ? Sign up for our free CCI training course and learn new ways to trade with this versatile oscillator. Register HERE to start learning your next CCI strategy!

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Touching the Unknown: the bright future of XCOM

Familiar XCOM enemies such as the Sectoids will make an appearance in The Bureau: XCOM DeclassifiedThe revival of XCOM, the classic strategy game in which a desperate humanity tries to fight off invading aliens, followed an interesting path.
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Publisher 2K Games owned the rights, and the first new title they unveiled for the long-quiet franchise was a first-person shooter, called simply XCOM. The fans were understandably annoyed. XCOM was always a turn-based strategy game, so a FPS reboot that kept only the setting and threw out all of the classic gameplay seemed like a really bad decision.

Live demonstrations at E3 2011 backed up the fans’ distaste. The game seemed clunky, with very erratic pacing and unwieldy controls. The critical response was lukewarm, and it was not too surprising that the game vanished from view for almost two years.

The thing about 2K is that they exhibit a great willingness to give a good project the time it needs to come together, a rarity in the modern video game industry. Bioshock Infinite is a great example, a game that was delayed time and time again, with 2K stating repeatedly that they would not ship it until they were satisfied is was the best it could possibly be.

In the meantime 2K-owned studio Firaxis, most famous for making the last few iterations of Sid Meier’s Civilization, was revealed to have been working on an XCOM reboot more in keeping with the classic series: turn-based, tactical, and deadly. It was released late last year to immense critical acclaim, satisfaction from fans, and healthy sales. It even netted a handful of Game of the Year awards.

Last month, 2K’s XCOM shooter finally popped its head up again, and it had clearly undergone a major re-think. The new name – The Bureau: XCOM Declassified – indicated that 2K had accepted that strategy is the heart of the XCOM franchise, so a shooter could only ever be a spin-off of the main series.

I was given the opportunity to get my hands on this newly made-over title, and what I saw was very pleasing. First of all, internal studio 2K Marin has done away with the first-person view and made it a third-person shooter. This might sound like a minor change, but it signals a new way of thinking: once again, you are looking at troops on the battlefield, rather than being there yourself.

You directly control a single recurring character, a field agent of the secretive XCOM organisation. Heading out into the field, you choose two support characters from a pool, much like assembling a squad in Enemy Unknown. These characters have specific abilities and skills, and they gain experience if they survive being deployed. That’s right, survival is not certain: agents in The Bureau can be injured or killed, just like in the original strategy game.

Pacing has also undergone major changes. This is no longer a non-stop action game, but a tactical squad-command shooter that requires intelligent and careful command of your two assisting agents. The game it reminds me of most strongly is Mass Effect – you can just ignore your squad and let them do their own thing if you wish, but you will get much better results directing their efforts. Unlike Mass Effect, though, your troops can be permanently killed in combat, so you need to keep a close eye on them and get them out of danger if they are taking too much of a beating.

Orders are issued in an almost-but-not-quite paused command menu, in which time is slowed to a crawl. Different actions are selected from a familiar command wheel interface, and it is a simple task to pick a special attack and choose an enemy target, or to pull your soldier back into stronger cover. Simply telling both troops to attack the same tough enemy to concentrate fire can make a significant difference in a big firefight.

What I especially loved was how the different abilities could interact with each other. Some troops gain the ability to telekinetically lift an enemy into the air, bring them out from behind cover and allowing allies to fire freely. This could be made more powerful by complementary skills from other troops, such as an explosive attack that needs to be centred on an enemy target. You can even have an engineer place a turret and then telekinetically lift it up to get a better firing angle on your enemies.

I didn’t see enough to be absolutely certain that The Bureau will be a success, but everything in my short demo was very encouraging. You will be able to try it for yourself when The Bureau is released in August this year.

In other excellent news, 2K is not resting on their laurels in regard to classic turn-based XCOM. No, there hasn’t been a sequel announcement as yet, but last year’s release of Enemy Unknown is still being expanded and improved.

Before playing The Bureau, I was given some hands-on time with the upcoming Apple touch device port of Enemy Unknown, and it may be the best version yet. Commanding a squad of troops on a grid-based battlefield is perfectly suited to a touch display, and this new version uses the touch-screen to excellent effect.

All of the expected gestures are there: swipe to scroll, pinch to zoom, and so on. You can tap to select a soldier in the field, tap on a map location to give them a destination, then tap the confirmation button to send them on their way. Everything works exactly as you expect.

Also, thanks to Epic Games porting the Unreal Engine to iOS, the game looks almost identical to the PC and console versions. Some of the finer details have been simplified to make it run smoothly on mobile devices, but for the most part it looks great. All of the voice acting in the original release is present, too.

This is not a cut-down version; this is the full XCOM: Enemy Unknown experience in portable form. The only exception is multiplayer, which we are told will be added on with a free patch some time after launch. No precise release date has been revealed yet, but it’s definitely coming soon.

– James “DexX” Dominguez

DexX is on Twitter: @jamesjdominguez

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No more Gallen indefeat, this series isone for the ageing

Paul Gallen can see the end. Of Queensland’s streak, but also of his own relentless role in it all. He can see a time when, instead of throwing his body into a group of Queensland forwards, he is watching the next batch of NSW players doing it.
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He can also imagine an occasion when, with the Maroons’ streak finally over, the Blues are able to embark on their own winning run. Looking on the bright side  may appear  hard when you face the prospect of an eighth straight series defeat but, if the past few years have taught him anything, belief is not as much of a problem as it used to be.

‘‘You look at a lot of these younger players coming through that are on the cusp of this side at the moment, who will be here in the next year or two years. If they can keep progressing … there’s a lot of players at the moment, Boyd Cordner, Tariq Sims, Wade Graham, who have the potential to keep getting better,’’ Gallen said.

‘‘If they do keep getting better, they’ll have their time. It’ll be nice to see them going on a nice run. [Laughs] I’ll probably be gone by then. If I can just hold the fort and turn the tide, they can take over.’’

This year represents 31-year-old Gallen’s eighth attempt at winning a series. He has played a role in every series since 2006, when the Maroons began their remarkable streak. If anyone is entitled to be frustrated by the run, it is the prop and lock.

And he is. He is frustrated by the questions asked of him and his players. How are you going to beat them? Are the Maroons the best Origin team in history? This camp, Gallen points out, the players have tried not to focus on their opponents.

‘‘We can’t control what they’re doing,’’ the Cronulla player said. ‘‘That’s something that we’ve said. ‘Let’s just control what we can control’. We can only worry about what we can do.’’ This year, they are in a better position to do more. The NSW players are in good form this season; some might argue better, in general, than their revered opponents. Competition has been more heated than it has been in previous years for positions.

‘‘Look at poor old Johnny Sutton; he’s been one of the form five-eighths. You could have picked four five-eighths in this side and they’re all good enough to be here,’’ Gallen said.

‘‘And … not so much last year, but certainly in years gone by, we’ve never really had a core group of players who have stuck around for a few years. But we’ve had that now. I think that’s a plus for us. That’s obviously a positive that they’ve had.

‘‘They’ve had more than just a core who have been able to stick around. But we’ve got a good four or five players who have been here for a while now. Hopefully we can help the other blokes along and get a result.’’

The Blues have not approached a game one with a more experienced line-up since 2007. This year, they have 105 combined State of Origins between them, which still pales in comparison to the Queenslanders, who will have 225. But it does show  the Blues have attempted to pick and stick a little more than they have in the past.

‘‘We know what it takes to get the job done; we’ve just got to jell together as a team and get it done,’’ Gallen said.

Experienced as he may be in Origin, Gallen will still enter the first match slightly underdone, having not played since round eight due to a knee injury. Yet that comes with its own advantages; he feels fresher approaching an Origin series than he has for some time.

‘‘If I had have played the last couple of games, I would have struggled with my knee for the rest of the year. I’m pretty happy with where it’s at,’’ Gallen said. ‘‘Obviously it would have been nice to play a game or two coming in. But in the first 10 minutes of Origin, it doesn’t matter whether you’re the fittest bloke in the world and have played a hundred games straight. It’s fast and it’s hard. I’m sure I’ll be OK.’’

To add to  fresher legs, Gallen has simplified his game to a point where he believes he can be more effective. The transition began at Cronulla, where a squad has been developed that has enabled him to take on a ‘‘less is more’’ role. With players such as Todd Carney, Michael Gordon and Luke Lewis in the squad, less is expected of the lock.

‘‘To be honest, I don’t feel I’ve got anything to prove to anyone any more,’’ Gallen said. ‘‘I’ve just got to get out there and do my job, and be part of the team. We’ve got good enough players to do the job, and if I can just worry about my role, we can be a better team. The simpler it is for me, the better and the longer I’m going to be able to play for.’’

Longer in a career sense, anyway. In Cronulla, and indeed NSW, he no longer feels the need to try to be in everything. On Wednesday night, he can’t see himself playing the full 80minutes for the Blues.

‘‘No way,’’ Gallen said. ‘‘I don’t need to. We’ve got Trent Merrin on the bench, Andrew Fifita, who’s one of the best attacking front-rowers in the comp, ‘Choc’ [Anthony Watmough].

‘‘I’ve got nothing to prove any more, except get results for the teams that I’m playing in. You look at those games [when] I played 80 minutes in the front row, we never won a series. What’s it matter? It’s all about the result.’’

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Hockey relative loses life savings

Patricia Babbage: ‘It was a trust factor letting them invest my money. What a mistake.’ Photo: Wolter PeetersPatricia Babbage still gets emotional when she thinks about her horrific experience at the hands of a financial planner employed with the Commonwealth Bank. The 77-year-old mother-in-law of shadow treasurer Joe Hockey, Mrs Babbage says the planner, Chris Baker, put her life savings into high risk products and wiped out much of her wealth.
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”I thought I had been placed into conservative investments but when I saw my money falling from $200,000 to $184,000 in a week and then kept falling, I would call him and he would say ‘it’s the GFC, don’t change anything, it will come back’,” she recalls.

By June 2009 her retirement savings had fallen to $92,000 and Mrs Babbage was in a panic. She said her husband Terry had died in 2004, and in 2005 she had been diagnosed with bowel cancer and underwent chemotherapy. ”I was sorting out my finances, and spoke to the Commonwealth Bank, and they suggested I speak to their financial planners. I was told to contact them at Martin Place and I then met Chris Baker,” she said.

She said she was told that since she had turned 70, she needed to pull her money together and roll it over into products that Mr Baker had suggested. ”I had put my life savings in with the bank since I was a kid at school with the little envelopes and so it was a trust factor letting them invest my money. What a mistake.”

In April 2012, Mr Baker was banned for five years by the corporate regulator, the Australian Securities and Investments Commission, following an investigation into seven planners in the bank’s Commonwealth Financial Planning division.

Mr Baker wasn’t the only planner who was banned. An investigation by Fairfax Media revealed that six others, including Don Nguyen, were banned and the bank initially tried to cover up his misconduct. A group of whistleblowers tipped off ASIC in October 2008 and in March 2010 the regulator finally acted.

ASIC slapped an enforceable undertaking on the bank’s financial planning arm in October 2011, which expires in four months. The investigation by the bank into Mr Baker found that between March 1, 2005 and February 27, 2007 he committed various breaches including failing to ”determine the relevant personal circumstances and failing to make reasonable inquiries in relation to the personal circumstances of clients before implementing advice”. It found that many of his clients were profiled with aggressive risk profiles and that he failed to provide a Statement of Advice to clients when he was required to do so.

On May 15, 2009 the bank wrote to Mrs Babbage telling her she had been given a new planner to replace Mr Baker. ”If your financial or lifestyle circumstances have changed since you last spoke to Chris, or you would like to review your financial strategy, please call me to make an appointment.”

In another letter she was told that ASIC had accepted an ”enforceable undertaking from Chris Baker which precludes him providing financial services for a minimum period of five years”.

In August she was offered $43,286 in compensation, which included $8213 in interest, an offer that was valid for 60 days. She refused. Last November the bank increased the offer to $67,092, which included $5131 in interest. Mrs Babbage said she never mentioned her relationship with Mr Hockey in her dealings with the bank. She also never mentioned her relationship in her discussion with Fairfax Media.

Mrs Babbage took the offer. ”It was too hard to keep fighting,” she said. ”I had been in hospital again and I needed the money,” she said. ”There must be a lot of people inside CBA that knew what was going on. Don Nguyen was not the only person involved in these sorts of activities.”

Mrs Babbage said she didn’t follow up with a formal complaint because she had to deal with cancer and was overwhelmed with what was going on. ”But when I look at the miserable compensation I got and the huge profits the CBA makes each year I ask, ‘How can this be?’ I still get emotional when I think about what I had to go through,” she says.

A spokesman for the bank said: ”We confirm Mrs Babbage was a client of Chris Baker and her case was investigated by the bank. The bank used a remediation framework approved by ASIC, and was signed off by an independent consultant. Following an initial offer, Mrs Babbage provided further information and her remediation was adjusted and accepted.”

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ASIC caned over tardy probe on CBA financials

The Australian Securities and Investments Commission has been lashed over its failure to investigate the claims of whistleblowers at the centre of Commonwealth Bank’s financial planning scandal.
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In a heated exchange at a Senate estimates hearing, Nationals senator John Williams slammed ASIC deputy chairman Peter Kell over a 16-month delay between the time whistleblowers approached the corporate regulator and ASIC’s move to seize the files of CBA financial planner Don Nguyen.

The hearing follows a Fairfax Media investigation that found the CBA had concealed improprieties by a financial planner who once controlled about $300 million in retirement savings on behalf of at least 1300 clients.

The misconduct by Mr Nguyen, who has been banned by ASIC for seven years, allegedly includes forging client signatures, creating unauthorised investment accounts and overcharging fees. Some clients lost more than half their life savings, forcing them to seek help from Centrelink as they battled with CBA for compensation.

Senator Williams compared the case to that of insolvency practitioner Stuart Ariff, jailed for six years in 2011 on fraud charges. “To me this sounds like Stuart Ariff Mark II,” he said.

Whistleblowers contacted ASIC by fax about Mr Nguyen’s activities on October 30, 2008, but ASIC did not investigate the allegations until the whistleblowers visited ASIC’s offices in early 2010.

Fairfax Media found that some bank staff took part in a cover-up that allegedly included falsification of documents after Mr Nguyen left the bank in an apparent bid to stall or limit compensation amounts.

“I believe in that fax it said there was some urgency in ASIC securing the files as they are being cleaned up. Why did it take ASIC 16 months to follow up on that fax, and numerous emails from the whistleblowers, to act in relation to the Commonwealth Financial Planning files?” Senator Williams asked.

Mr Kell declined to comment on the timing of ASIC’s investigation but defended its handling of a “large and complex matter”.

“It has been a landmark achievement that has completely changed the way the bank does business,” Mr Kell said.

Leadership of the bank’s financial planning division “was changed wholesale”, he said, and $23 million had been recovered for 202 investors, with nine more cases to be finalised.

He refused to say whether ASIC would refer allegations that signatures had been forged on some documents to police – “it’s very difficult to comment on hypotheticals”.

Senator Williams responded: “There are $1.3 trillion in superannuation funds in our nation, and this nation is going to rely on good, sound, clean advice for financial planning. You are the corporate watchdog, and I expect you, if you see wrongdoings and criminal acts, you report them.”

[email protected]南京夜网.au

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Scientists demand urgent action on reef mine plans

The World Heritage Committee will meet to consider whether the Great Barrier Reef should be put on a list of sites considered ‘in danger’ due to the threat of industrial development and other issues.Australia’s leading marine scientists have demanded governments take better care of the Great Barrier Reef just weeks from a key United Nations meeting considering the impacts of proposed coal and gas development at the world heritage site.
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In a joint statement, the scientists urge governments to contain several proposed new ports along the reef’s coast associated with coal mining and gas projects to existing industrial areas.

They also want the federal and Queensland governments to encourage greater sharing of existing infrastructure to reduce industrial footprint, and better management of shipping through the reef.

The statement includes signatures from more than 150 scientists from 33 Australian institutions, along with a number of prominent international researchers.

”As scientists, we are concerned about the additional pressures that will be exerted by expansion of coastal ports and industrial development accompanied by a projected near-doubling in shipping, major coastal reclamation works, large-scale seabed dredging and dredge spoil disposal – all either immediately adjacent to, or within the Great Barrier Reef World Heritage Area,” the statement says.

The UN’s World Heritage Committee will meet in Cambodia later this month to consider whether the Great Barrier Reef should be put on a list of sites considered ”in danger” due to the threat of industrial development and other issues.

The statement was first circulated to attract signatures in April. The WWF – which has been funded by the Thomas Foundation to run a massive ”Fight for the Reef” campaign – paid for a consultancy to coordinate the declaration.

Scientists who signed the declaration include laureates of the United Nations’ 500 Global Roll of Honour.

International signatories are based at institutions including the Natural History Museum in London, and the University of California, Berkeley.

This story Administrator ready to work first appeared on Nanjing Night Net.

Too scared to drive her beloved VW Polo

Senay Suleyman (right) with her sister, Seniz, and the problem Polo. Photo: Sebastian Costanzo Neil Prosser’s damaged Volkswagen Jetta. Photo: Joe Armao
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Senay Suleyman was ”the happiest person” when she first got behind the wheel of her Volkswagen Polo, an 18th birthday present. She had just earned her P-plates and the freedom of driving her sparkling new car awaited.

That was last October. Now, her mother, Suzi, has banned Senay from driving the car – so worried is she about its safety record. And Suzi feels she can’t sell it: ”It’s not an option to sell the vehicle because it will simply be like selling a death trap to another motorist. I wouldn’t put any person in that predicament when I don’t let my own daughter drive it.”

Senay’s car suddenly cut out four times while she was driving, a problem that may have contributed to the death of Melissa Ryan, who was killed on the Monash Freeway in 2011 when her Golf dramatically lost speed and was run over by a truck.Government orders probe on VW ‘faults’Death prompts VW owners to speak out

For Senay, it meant being stranded in the early hours of the morning; her car losing power in heavy traffic as she took her sister to school and, once – most frighteningly – as she pulled onto a major road and had to swerve to avoid an oncoming car.

As a young driver, Senay became anxious about the car and the anxiety tipped into depression. ”It’s kind of like a mixed feeling between sad, upset, disappointed, angry and scared,” she said. ”All I want is just the replacement of my car. I am not saying I want my money back. I love my car … I would have thought customers are more valuable than actual money to them.”

The car was sent four times to Essendon Volkswagen and, before the latest incident, the service centre had written to the Suleymans agreeing to discuss replacing the vehicle if the engine malfunction continued. But now, Volkswagen says it can find no fault with the car.

Volkswagen Jetta owner Neil Prosser said the sudden loss of power was responsible for a recent accident when he drove into an intersection and lost acceleration. A car clipped the back of his vehicle. ”The car just stalled and died. I couldn’t get through in time. It was quite frightening,” he said.

As of Tuesday, Fairfax Media had received 144 accounts from Volkswagen drivers who have experienced sudden deceleration while driving their cars.

Volkswagen has not answered Fairfax Media’s calls or emails.

The federal Department of Infrastructure and Transport has launched an investigation into the matter. And the coroner will hand down her finding into Melissa Ryan’s death next month.

People concerned about their Volkswagens can email the Department of Infrastructure and Transport on [email protected] or contact Melissa Fyfe at [email protected]南京夜网.au.

This story Administrator ready to work first appeared on Nanjing Night Net.

Not as special now, but Jose was missed

It was the love affair that never ended. He left. They mourned, falling briefly into the arms of others.  Now he is back. It’s Jose Mourinho and Chelsea fans, it’s Mills and Boon, and it’s a special relationship that could spell trouble for others.
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Many will be cynical about Mourinho’s return. Never go back, they say. Try saying that to Jupp Heynckes, who rescued Bayern Munich’s season on his return as an interim and then led them to a historic treble during his third spell in charge. It can work. The Godfather Part II was the best of the series.

Mourinho and Chelsea Mark II will need work, though. It will need money and patience. When Mourinho first blew into England like a hurricane in Armani, Chelsea had incredible financial muscle, almost unique in English football.

Now there is Manchester City, who will be a revitalised force under Manuel Pellegrini and the pipeline of oil money.

Manchester United have Wilfried Zaha and David Moyes will be given more funds to remould the team. Arsenal should have a fit Jack Wilshere and may at last get round to buying top quality. Spurs and Liverpool have good, hungry young managers.

Mourinho  won’t catch people out like in 2004. Managers will want to prove themselves against him, from  former proteges like Andre Villas Boas, Brendan Rodgers and Steve Clarke to old foes like Moyes, Pellegrini and Arsene Wenger.

His return is a gold-dusted joy for those who run the Premier League. Any sporting soap-opera that boasts a cast including such characters as Mourinho and Ian Holloway is worth watching, and listening to. Better football is played in the Bundesliga and La Liga but no league can rival England’s elite division for drama.

Mourinho returns a slightly chastened figure, less cocksure than the Portuguese peacock who first strutted into the Bridge, fresh from his Champions League trophy success at Porto and charming everyone.

The memory of his  antics and  on-field disappointments last season at Real Madrid mean his reputation as the go-to guarantor of silverware has been harmed.

English football will be less tolerant of his mind games and jousts with officials. He has history with Premier League referees. He has had issues with Roman Abramovich. He needs to balance the Chelsea hierarchy’s desire for more nimble, Latin-style movement against his love of pace and power.

He has to measure the extent of John Terry’s decline, setting a bruised body against the defender’s undoubted leadership and positional strengths. He has to decide where David Luiz fits into his tactical framework. Fernando Torres’ days are  numbered but will Mourinho gamble on Romelu Lukaku? Andre Schurrle is expected to join from Bayer Leverkusen. Where does he fit?

So many questions. Mourinho has a record of finding answers. He will  have an instant impact, galvanising a club that won a trophy under  Rafael Benitez but seemed at odds with itself. His  ‘‘I am one of you’’ message to fans via Chelsea TV was  clever,  tapping into all that terrace angst towards Benitez.  Mourinho deserves to be welcomed back.   He will make Chelsea a genuine threat in the title race, arguably favourites. He will  find  English football  less forgiving this time. But it is good to see him back.

Telegraph, London

This story Administrator ready to work first appeared on Nanjing Night Net.

Labor MP goes rogue on Gillard, down to the letter

Paul Keating in the 1980s became fond of a theory called the J-curve, sold to him by the Treasury, suggesting an initial fall in the fortunes of the dollar would create a lovely and satisfying upswing in the current account deficit. A graph of this would resemble the letter J.
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It refused to transpire in the time predicted and the resulting graph resembled a wonky hyphen.

The late senator John Button, frustrated by this unfortunate failure of theory, was moved to remark that ”I don’t know who invented the bloody J-curve but I tell you it wasn’t an Australian who learnt about the Australian economy.”

Political memories are short. The optimists in Julia Gillard’s Labor government have clung desperately for years to the wild hope the J-curve could transmogrify to political popularity.

Labor’s political fortunes, it was postulated, might have taken a dip as the Great Unpleasantness following the eradication of Kevin Rudd worked its way into history. But as the voters grasped its major policies, the popularity graph would perform an upswing worthy of an aerobatic ski slope and they would fly high and free from the heights of the magical J.

Labor’s Senator Doug Cameron, a man whose Scottish brogue has difficulty morphing into the forked tongue required of the successful politicians, was moved yesterday to undertake a facsimile of the late Senator Button’s reality check.

The Labor leadership’s promise of a political J-curve, he observed dryly, had failed to eventuate.

The morning’s polls suggested Senator Cameron was on the button. Labor was floundering .

The only J-curve of the day was tossed by J. Fitzgibbon, a Labor fellow who has gone rogue on Ms Gillard’s party.

Joel Fitzgibbon, a Rudd man, was asked about the polls by the Seven Network’s Sunrise host, David Koch. J. Fitzgibbon could barely contain his wicked glee.

”Hang on, Kochie, I just brought a manual with me,” he chuckled, brandishing a sheaf of papers. ”I’ll see what it says. It says I should say ‘polls come and go, but the only poll that matters is on election day’.”

He fairly bounced in his chair, beaming like a recalcitrant schoolboy. His notes contained what are known as ”talking points”. They are issued by the grand strategists of Julia Gillard’s communications office, detailing how Labor MPs should respond to tricky questions.

The ”polls come and go, but the only poll that matters” is a standby as old as Methuselah. However MPs aren’t supposed to say they have been instructed to use the line, let alone wave around the instruction manual. Fitzgibbon knew he was shoving it, on national TV, up the noses of the puppet masters in Ms Gillard’s office.

With only 10 days of parliamentary sittings remaining before the election, he may as well have said the Gillard government’s hoped-for J-curve had turned into a Q – a circle adorned with an impotent squiggle. A Q, perhaps, for Queensland, where internal party polling supposedly shows the only Labor squiggle that might remain after the election is Kevin Rudd.

This story Administrator ready to work first appeared on Nanjing Night Net.

ALP gloom brings cracks in discipline

Despair within Labor is threatening internal discipline, as MPs lecture the leadership and key figures express contempt for the lines they are instructed to use.
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An emerging ”every man for himself” mindset appears to have taken hold in the federal caucus with most now resigned to a wipe-out on September 14.

As Opposition Leader Tony Abbott reminded his charges to maintain their discipline and to take nothing for granted, despondent Labor MPs met in Canberra, weighed down by a pervasive sense of doom as Newspoll put them 16 points behind the Coalition on 42 per cent to 58 per cent.

Another smaller poll also published on Tuesday showed Labor’s vote in the supposedly safe Melbourne seat of Isaacs, held by Attorney-General Mark Dreyfus, collapsing.

In caucus, Ms Gillard was told to do more to combat Tony Abbott’s famously effective ”stop the boats” slogan and expose it as undeliverable.

Laurie Ferguson, a western Sydney backbencher strongly aligned to the Prime Minister, said (twice) that Labor was ”dead” in the west unless it could better explain its position on asylum seekers, in a direct reflection on Ms Gillard’s approach to the debate so far.

He believes Ms Gillard should do more to explain the complexities of dealing with Indonesia, Malaysia, and the extent of the people-smuggling trade, arguing the issue is also causing alarm among voters in other areas of the country.

Mr Ferguson, who holds the seat of Werriwa by less than 7 per cent, is one of a slew of MPs – some of them future leaders – facing defeat based on current polling.

With the government preparing to toughen the 457 skilled temporary migration visa scheme in a bid to appease unions and appear tougher on foreign labour competition, outgoing former minister Martin Ferguson called for more evidence of alleged employer rorting. Kevin Rudd also sought more information.

Legislation installing stronger tests before granting employers access to foreign labour is being introduced to Parliament on Wednesday.

Another MP, SA backbencher Nick Champion told colleagues the scheme left workers beholden to employers for fear of being left visa-less.

In other outbreaks of frankness:

■ NSW Senator Doug Cameron complained that a promised uptick in the government’s standing with voters under Ms Gillard had not materialised.

■ Former minister and ex-chief whip Joel Fitzgibbon ridiculed the ”talking points” handed to MPs as he laughed on breakfast TV about the government’s fate.

This story Administrator ready to work first appeared on Nanjing Night Net.