China’s commitment (through its Plenum meeting of last week) to introduce wide-ranging reforms continues to be the dominant force stoking up global investor sentiment. Shares of Chinese companies listed in Hong Kong were up another 1.8 per cent overnight to reach their highest witnessed since early March, extending Monday’s 5.7 per cent climb. The UK’s […]
Whether in articles, on trading forums, or various blogs, losing at trading is not a concept discussed as much as winning for an obvious reason; no writer or poster wants to come across as negative, or wants to damage the optimism that envelopes the whole retail trading market. Ego also gets in the way as
How long was your longest losing streak, how did you cope and how did you correct it? Read More »
The Dow Jones industrial average eventually hit a new record high on Monday, creeping over the critical psyche number of 16,000 for the first time shortly after the start of trading on Wall Street. The Dow rose 61 points in early trading to hit 16,023, up 0.4%. The S&P 500 also hit record highs, up
Dow Jones Index finally but briefly breaches 16,000, up circa 30% in 2012 Read More »
China’s planned economic and social reforms sent shares on the Shanghai Composite index up by over 2.8% in the overnight trading session. Shares surged ahead in Hong Kong too, where the Hang Seng was up over 3.3% in late trading. Chinese President Xi Jinping’s blueprint for economic reforms over the coming decade helped push Greater
Monday sees the publication of Europe’s balance of payments and current account details, the current account is scheduled to come in at €18.3 bn, up from the previous month’s figure of €17.4 bn. In the afternoon’s trading session the USA NAHB housing index is published, scheduled to print at 56, up one point from the
Fundamental and technical trend analysis for the week beginning November 17th Read More »
Euro area annual inflation was 0.7% in October 20132, down from 1.1% in September. A year earlier the rate was 2.5%. Monthly inflation was -0.1% in October 2013. European Union annual inflation was 0.9% in October 2013, down from 1.3% in September. A year earlier the rate was 2.6%. Monthly inflation was -0.1% in October
A backstop for banks needed says Asmussen as Europe’s inflation falls to 0.7% Read More »
Far too many trading articles concentrate on experienced traders and trading mentors offering up advice on how to be successful. Very few articles quiz the inexperienced trader and ask for a synopsis of where they are on the ladder of trading success and what remedies they’ve applied, to their overall trading system and strategy, if
There were plenty of high impact news events on Thursday to keep analysts on their toes. The USA unemployment claims came in worse than expectations, the USA balance of payments increased sharply, Janet Yellen gave evidence to a senate hearing during her confirmation hearing, Ireland came in for praise for how it’s handled its austerity
With a cost of living crisis evident in the UK it wasn’t completely unexpected that the UK’s retail figures might slip, we mentioned as much in our morning roll call section. Many retailers are suggesting anecdotally that their customers are “keeping their hands in their pockets” month to month, payday to payday and with Xmas
There are many successful traders who thrive by keeping their trading methods very simple. They’ll look for the same method of entry, time after time. They won’t detour from their set up and can easily adapt this set up to any form of automation. They look for the same confluence of indicators, or indications, to
What is a high probability set up? And how to develop one… Read More »
