Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)

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Callum

Singapore, Singapore

Posts: 179

14 years ago

Mar 16, 2010 19:37

@desi, @pippedofff - ditto

Desi

Posts: 69

14 years ago

Mar 16, 2010 19:34

I hear you Pippedoff. I am not far off your camp right now

Qiman

New Mexico , United States

Posted Anonymously

14 years ago

Mar 16, 2010 18:58

I agree 100 % regarding being nimble--the markets can do anything at anytime! I only trade Futures, and I've seen that at times some of the worst traders are lawyers, who by training may want to keep arguing with the market. Flexibility in light of changing energetic patterns, that is what will keep you alive. Some of my best trades have been quick reversals upon seeing my view of probable price movement was in error.

rrose

Posted Anonymously

14 years ago

Mar 16, 2010 18:53

do we still stay with the 1126 line in the sand

speculator

Posted Anonymously

14 years ago

Mar 16, 2010 18:44

the worst mistake a trader can do is jump on as many opportunities as he believes will work and being overly confident. being nimble is a good idea as afshaf says. the longer dollar is rangebound and plays long rallying tennis match the stronger will it defeat the majors going forward.

Qiman

United States

Posts: 237

14 years ago

Mar 16, 2010 18:40

Yes, not uncommon for alot of seemingly good short positions get taken out on no news. Something I learned back in the 90's while trading the stock market: The markets often behave about as rationally as a manic-depressive middle-aged person who is going through a mid-life crisis, and who has forgotten to take their medication. While at times my degrees in international economics and international policy do enable me to better understand market dynamics, at other times they are an impediment to just observing what the market is actually doing-no matter how irrational. Sometimes there are understandable reasons for price movement, and sometimes there are not. Both technical and fundamental analysis can fail us. Market behavior is extremely complex, too many inputs to always comprehend the WHYS. Human emotions also can be all over the map, the maddness of crowds. The market at times acts insane, but it is always right.

speculator

Posted Anonymously

14 years ago

Mar 16, 2010 18:38

market had pretty much priced in feds speech so it seems. ashrafs euro/dollarresistance rates are still intact. im confident that the dollar did not respond negatively. although i would not have been long dollar for the speech but would go long now.

Eelman

Maine, United States

Posts: 93

14 years ago

Mar 16, 2010 18:36

Don't count USD out just yet. These FED days are notorious for reversing the initial move.

Ginger

Posted Anonymously

14 years ago

Mar 16, 2010 18:34

The easy money policy was to be expected - they don't want let the air out of the equity markets yet

rrose