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Posts by "stationdealer"
750 Posts Total by "stationdealer":
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Posts by Anonymous "stationdealer":
i see stupid people.
:)
But seriously guys majors vs commodity pairs are and have been very interesting over couple of months now. Most yielding 500 to 1500 points moves in over month in the most easiest predictable form.
Where as commodities are only range traded and you automatically trade commodity vs currency incase another failure happens.
LEARN TO LOOK FOR EARLY SIGNS OF A MARKET FAILURES
Other than losing money on uncertain recommendation daily and frequently, learn to play the market failures/breakouts/trend reversals/ or the big players themselves, and there and then go in big with a single position or a couple.
ALWAYS ALLOW ROOM FOR RISK IN YOUR ANALYSIS
Absence of black is not white!!!! Always remember that. Learn to hedge and learn some good strategies if you can from some experts. Market or Economic analysis are always good for placing your judgement in favour of the right trend. Dont always be too quick to judge no mater how short or long term analysis are deemed, market action always take its time to play and will only hit targets when the price is right for majority of participants. Over wise we will have one sided play.
LEAVE HOPES & PRAYERS ARE FOR CHURCH'S, SYNAGOGUES AND MOSQUES
Never rely on hopes and prayers for your price action to get you your price. Always enter and hold your position in the trend that holds more significances or is more recent (if it was significant) or is in line with any wider macro change. Only close those hedged positions that are suppose to be short lived and reopen again as soon as you get a good price.
These are just some of things that I wanted to mention here based on how markets have been for this year, or you would and should follow them even if t was any market conditions. People need to stop thinking like bloody economist, and if your traders just follow the analysis and take them as you see and nothing more. No need to sell you home, wives and kids and put all your money on that one particular bet. Your analyst can be wrong from time to time and that is only natural as markets are truly unpredictable. So allow that bit acceptance in yourself and in your trading format that would also allow your analyst the encouragement to do right again. Every one has the right to their give their opinion, but please only do so if you know what you are talking about. Or remain astray like most sheeple are.
DO WATCHhttp://www.youtube.com/watch?v=qOP2V_np2c0&feature=related EXCELLENT DESCRIPTION !!!!!!
Marxism is a powerful explanatory framework, but this video shows one of its major shortcomings -- it is often treated by academics as a kind of modern day scholasticism, where Marx plays the role of Aristotle, and the the marxist becomes the philosopher-priest who assumes that everything can be understood in terms of the master. So, in this case, the speaker identifies systemic risk with the internal contradictions of capitalist accumulation. But Marx had no clue about the concept of risk.
0.5% is an extreme policy setting, BOE hawk Sentance says. The UK economy is coming out of the emergency ward. he says.
After firmer UK inflation data today, it looks as though Sentance is trying to recruit more MPC members to join the hawkish camp.
Cable is firmly back within its old range after bouncing from levels below 1.5000 yesterday. 1.5205 is next resistance for the pound. We trade now at 1.5163.
Not Really Pipster, this is likely to continue over night still room on the upside.
QE2 remains in dock, for now
To those who think the Fed is contemplating the initiation of QE2, Fed members Lacker and Duke in interviews seem to be playing down any possibility now as they currently believe current policy is more than enough. Lacker said consideration of further easing steps is very far awayIm comfortable with rates where they are now. Duke says the Fed has already done a lot to help the economy and she thinks they are in the right place in terms of policy. What invites these questions of more stimulus and QE2 is the decade long reputation of the Greenspan/Bernanke Fed where they believe that every economic problem of substance can some how be solved by monetary policy. Bernanke, who in 02 revealed his Helicopter Ben reputation in a speech, who I upgraded to B52 Ben in 07, has trained investors that he will always do something in response to every slowdown.
OBRs Dicks meanwhile says chances of double-dip recession have increased after budget.
LONDON (MNI) Senior Fitch Ratings Analyst Brian Coulton believes
that UK debt will stabilise in the wake of what he called the strong
emergency budget announced by the new government here.
Speaking to Bloomberg, Coulton said that Fitch took the view of the
Office for Budget Responsibility that the UK economic recovery would not
be very strong.
The comments followed Mondays affirmation by S&P of the UKs AAA
rating, although they also signaled that the UK is not yet completely
out of the woods as regards a possible downgrade in the future.
Coulton also touched on the issue of the EU bank stress tests and
said that the tests needed to be realistic and transparent but added
that the EU seemed to have learned the lessons of the US stress tests.
The latter, he said, had always set out a clear strategy for what
to do about those banks which emerged with any kind of problem from the
tests. Coulton noted that the German finance minister had already stated
that this would be the method pursued by the EU.
On the subject of Portugal downgraded by Moodys to A1 this
morning Coulton said that the country had made some progress in
fiscal terms but said that growth remained the key risk for the
Portuguese outlook.
London Bureau; tel: +442078627492; email: dthomas@marketnews.com
UK CPI / Retail Sales at 9.30
Support levels: 15013 14994 14950
Resistance levels: 15066 15070 15122
EURGBP has made a perfect doji at the resistance (8414). The 1hr chart is still keeping its upward bias but a close below 8353 would turn the pair bearish. Our first support would then be 8315 followed by 8234, the channel support. Only a close (daily) above 8419 would negate the bearish view now. Target from last weeks post was at 82 and it still stands.
Support levels: 8381 8372 8354
Resistance levels: 8404 8420 8432