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 »
As with many subjects in trading one article could not possibly cover all the intricacies involved, the subject of candlestick charting in trading is one such vast and complex subject. What will follow will be a brief history of the origins of candlesticks in trading, a listing of the key candlestick formations (and their interpretation)
Candles in the wind, a brief introduction to candlestick trading methods Read More »
One issue Tim Geithner nailed on Tuesday was to suggest that the posturing and prevarication of the EU has to stop. He stated that the predicament was; “the biggest challenge to growth worldwide, we want to see details, not just the objectives, and the primary burden falls on the Europeans.” The time for talk is
EU Officials Move Past Perception Management Into Damage Limitation Read More »
What’s meant by high probability trading differs from trader to trader. If someone asked you to explain what you understand as “high probability trading” what would be your answer? For most traders the obvious answer would be; “only taking trades that have a high probable chance of success”. When taking that answer a stage further
High Probability Forex Trading Read More »
I have to confess I’m a little bit spooked, in Monday’s between the lines I tongue in cheek posed the question “who was left to offer up an opinion on how to solve the Eurozone crisis?” I jokingly suggested the Pope..gulp..and today the Vatican publicizes their opinion. If I go missing for a few days you’ll know
The Vatican, Spivs and the EFSF Read More »
Despite the Wednesday decision deadline looming large “the markets” are showing no signs of panic, the presumption from investors being that a satisfactory solution will be found. Despite the suggestion being aired by EU officials, that banks holding Greek debt may have to take up to 60% haircut on their bonds and other investments, the
Wednesday's Child is Full of Woe Read More »
Whilst a stopped clock is right twice a day that’s a luxury we never experience when forex trading. There are many personal events that shape your evolution as a forex trader and there’ll be many intense moments that can induce a form of shock therapy indirectly leading to a steep acceleration of your learning curve.
Letting That Bad Forex Trade Go By Leaving Ego Out Of The Equation Read More »
“Capitalism has destroyed our belief in any effective power but that of self interest backed by force.” – George Bernard Shaw.. I experienced a surreal moment when channel hopping late on Friday evening. I’d switched on the tv to catch up on the news and began flicking through the various news channels. When I left
If ever evidence was needed that forex markets move as a consequence of fundamental news, particularly central bank or higher authority macro economic policy decisions, then events concerning the Eurozone debt crisis over recent months has provided it. The euro is the second largest reserve currency as well as the second most traded currency in
The Basics of Fundamental Analysis in Forex Trading Read More »
