Once you’ve been in the ‘trading game’ for a number of years you observe trading fads come and go; dark-siding was all the rage a couple of years back, presumably you needed to be a Sith Lord or Jedi Knight to make it work. Apparently price action is the only way to trade, and if
Indicators Will Never Work Except When They Do, Which Is All The Time Read More »
The news agencies delighted in reporting in the news yesterday that Barclays Capital had published their version of the Skyscraper index. According to a study by Barclays Capital, the mania for skyscrapers over the last 140 years is a sure indicator of an imminent crash. They point out that the construction boom that created New
The Faulty Towers Index And How Building Skyscrapers Heralds Economic Doom Not Boom Read More »
Contrary to analysts’ expectations British industrial output figures were published revealing a 0.6% fall in November highlighting the suspicion that the overall UK economy contracted in the final quarter of 2011 and will inevitably fall back into a technical recession zone. The ONS report stated that the fall in industrial production was caused by a
Are We All Done With Shopping? Read More »
Chancellor George Osborne has suggested that Britain could increase its payments to the International Monetary Fund in order to help heal Europe’s debt crisis. Osborne told the UK parliament on Wednesday that he could be swayed by a “well-argued” case, although funds could not be pumped straight into the eurozone, presumably the funds would be
Work until you’re 75? You may have to according to leading academics specializing in the pension industry. The pensions ‘police’ don’t want the retirement age lifted and your contributions increased so you can sky dive and scuba dive in your retirement, they want it raised so you’re closer to death, ergo they pay out less. Even better
The Pensions Time Bomb Read More »
Italian Technocrat Fears Uprisings And Protests In Italy Once Austerity Measures Begin To Bite Unelected technocratic Italian Prime Minister Mario Monti has made a plea for more “help” before convening talks in Berlin with German Chancellor Angela Merkel today, warning that his austerity measures could trigger anti-European protests in Italy without signs of progress. Monti
Italian Technocrat Fears Uprisings And Protests In Italy Read More »
Can anyone recall the first time they were introduced to technical analysis, did it feel like a Eureka moment, the sudden discovery that something happens when certain ‘numbers’ or horizontal lines on a chart are reached? Occasionally it’s worth reverting back to those sunnier more innocent days, particularly if, as many of us do from
All You Need To Trade FX Is A Couple Of Lines On A Chart Read More »
I’ve discussed the subject of stops before, as part of the money management technique, in a trader’s overall business plan, stops are an essential ingredient. Fact; the second you trade without stops is the same second you’ve compromised the money management aspect of your trading plan. How can any trader be risking a defined percentage
Either Use Stops When Forex Trading Or Give The Market A Signed Blank Cheque Read More »
It’s been a quiet few weeks with regards to the Eurozone crisis, since mid December the news hasn’t been anywhere near as dynamic or spectacular. Greece, Italy, France, AAA ratings, disorderly break up..all these subjects that were top of the news agenda have slipped down the rolling news reel order. However, if I could be
“Greek Tragedy”, “It’s All Greek To Me”, The Lame Greek ‘One-Liners’ Are On The Way Back Read More »
USA Consumer Credit Reaches Ten Year High As Savings Rate Continues To Languish The news released yesterday that USA citizens had gorged on a credit binge (the likes of which had not been seen for ten years) took many market commentators and publishers by surprise. Whilst there is evidence that a degree of optimism is
USA Consumer Credit Reaches Ten Year High Read More »
