I recently exchanged e-mails with a fledgling FX trader who was concerned with his “lack of focus”. He felt that his mind drifted from subject to subject and he often found himself “aimlessly wandering around the internet” and not focusing on the job in hand. He wondered whether he suffered from some form of attention […]
Being Mentally Fit and Focused When Trading FX Read More »
There are many Japanese candlestick purists who will dismiss Heikin-Ashi candles as being; too simplistic, misleading and in some cases amateurish. The most common complaint is that HA lags in a direct comparison with Japanese candles and that lag causes late entry when looking for price action. The counter argument would be that similar to
Once you’ve traded for some time you’ll have a library of trading anecdotes, some are personal, some are second hand or third party. Whilst supporting my youngest Son playing football at a tournament this summer I got into conversation with another Dad. It’s not ignorance on my part but I rarely ask other parents (or
Why Trading Against the Trend is like Picking Up Pennies in Front of a Steam-Roller Read More »
Assumption, can make an ASS out of U and ME… It would appear that the solution for the Eurozone crisis, released to the markets which the mainstream media lapped up like a child whose Christmas list had been ticked to the letter, has been juiced. Underpinning the detail and process was an assumption and expectation
The European Rag and Bone SPIVS do the Asian Tour whilst collecting Air Miles Read More »
George Soros, who achieved fame when he bet against sterling remaining within the Exchange Rate Mechanism in the 1990s, believes the 50 percent “haircut” for private bond holders agreed last week as part of the overall bailout package will only reduce Greek debt by 20 percent. In Soros’ opinion it’s insufficient to stop an economic
Anyone prepared to bet that the Eurozone crisis is over? George Soros isn’t… Read More »
Isn’t the sense of relief contagious? It really is like a massive weight lifted off your shoulders. It’s taken months to reach this situation and the unbridled joy I’m experiencing is difficult to explain and contain. Forget the cobbled together €1 trillion fund, I’m actually relieved that I’ve finally got a reprieve from having to
Breathe, Release, Repeat and Party Like it’s 1974 Read More »
You don’t have to dig too deep to discover the real worry amongst EU ministers. Whilst they’re being extremely coy with regards to ‘allowing’ or actively encouraging Greece to default, that decision has probably already been made. If not then the gambit of pushing banks as far as possible should uncover the banks’ collective breaking
Greece is just so last year whilst Italy is too big to fail Read More »
Ultimately the EU ministerial roadshow had to release a plan, even if many commentators believed it to be woefully inadequate they had to be seen to be doing something. The €1 trillion combined rescue package will create the right kind of headlines through the mass media channels to ensure that Joe Public and the rest
Taking a Knife to a Gunfight, the Trillion Euro Sticking Plaster Read More »
The process of dismantling the last remaining B53 bomb in the USA stockpile commenced on 25 October 2011 and was completed soon afterwards. The Mk/B-53 was a high-yield bunker buster thermonuclear weapon developed by the United States during the Cold War. With a yield of 9 megatons of TNT it was the most powerful weapon
The B53 is the USA economy Read More »
There’s many of us market commentators and analysts as sick of using the same tired metaphors as we are of listening to (or reading) reports with regards to the EFSF, the troika, the EU etc. Just when you think this can has no more metal left on it to kick down the road the various
Can You Kick It? Yes You Can Read More »
