From the UK this morning we received a surprise in the form of house price falls with the Halifax reporting that house prices in the UK have fallen by 1.1% in March, this is only the third decline over the past 15 months. Analysts will now be carefully watching to see if this reading is
Germany’s factory orders rise whilst UK house prices fall by 1.1% Read More »
In this article we’re going to discuss the simple method for making decisions regarding the control of risk when we’re operating a ‘scalping technique’. And for the benefit of doubt (and for the purpose of this article) we’ll be referring to scalpers as short term traders; typically these will be traders operating off low time
Suggested risk management parameters for scalpers Read More »
USA unemployment numbers came in below expectations, In the week ending March 29, the advance figure for seasonally adjusted initial claims was 326,000, an increase of 16,000 from the previous week’s revised figure of 310,000. With NFP numbers being printed on Friday traders would be advised to trade with extreme caution as the print has
USA unemployment numbers disappoint whilst the USA trade balance worsens Read More »
Overnight there was some key data released in Australia which many analysts believe reaffirms Australia’s place as one of the fastest growing economies, with crucially its foundations for economic growth built on solid ground. Retail sales came in on schedule up 0.2% month on month, but it was the trade balance reading which caught analysts’
Chinese PMI signals contraction as Australia’s positive trade balance surprises analysts Read More »
From time to time it’s worth peering into the minds of some of the: ‘legendary’ traders, essayists and thinkers in our trading world, in order to see what their thoughts are on many of the aspects of trading we experience on a day to day basis. Of particular relevance is their ability to simply cut
Nassim Taleb’s major rules of thumb trading advice Read More »
In a relatively quiet day for market movement and momentum the main USA bourses closed up on extremely positive data concerning the USA factory orders and the ADP jobs print. U.S. companies increased payrolls by 191,000 last month, up from a revised 178,000, figures from the ADP Research Institute in Roseland, New Jersey, showed. The
USA factory orders surge as ADP employment numbers come in close to expectations Read More »
From Spain there was good news published this morning regarding the unemployment rate with a reading showing that unemployment fell by 239,773 in the last year. This is the best performance of registered unemployed in March since 2006. From the UK we had the news that UK house price rises had moderated slightly in March
Let’s be honest none of us actually enjoy the feeling of losing at anything we put our effort into, whether it be a competitive sport, a game, or ‘betting’ on the markets. However, one thing is for certain in trading, or betting on the markets, is that we will lose and we’ll lose quite often.
How well we cope with our losses defines us as traders Read More »
A raft of positive data readings from the USA ensured that a positive mood enveloped the USA bourses throughout the afternoon trading sessions. According to the ISM manufacturing report the USA economy grew for the 58th consecutive month and the manufacturing sector expanded for the 10th consecutive month. The ISM index optimism was supported by
Positive data readings from the USA helps SPX reach a new record high Read More »
Overnight we learned that the RBA, the central bank of Australia, (as expected) kept the base rate unchanged at 2.5%. In the statement accompanying the base rate decision the RBA cited improved economic conditions and performance globally, particularly in China, as reasons why the RBA decided to leave the base rate unchanged. There has been
