Presumably the majority of our readers are now passed the belief, often mistakenly peddled on trading forums or through articles on trading websites that traders should trade without using stops. Of all the myths propagated in the industry the “trading without stops” myth is probably one of the most pernicious and dangerous, and using ‘mental’ […]
Tuesday was a busy day for news from the USA. But firstly the news that the UK is hiring in the service sector, at the fastest rate for six years, adds more fuel to the belief that the UK economy is recovering at a better pace than many would have predicted at the start of
New Zealand is the Lord Of The Rings as deficit shrinks to a record low Read More »
Both overnight and early morning it’s been a quiet two sessions of trading in the markets. And looking at the diary of upcoming events it’s difficult to imagine if we’re going to see a change to the doldrums we’re currently witnessing. We receive the publication regarding building permits for the USA, the Case Shiller house
Could the Case Shiller house price index in the USA show a reduction? Read More »
One of the most important subjects, that new traders fail to address in their trading plan, is the element of drawdown. There are several reasons for this but we’ll highlight just two. Firstly, it could be that the overt optimism new traders experience, shortly after finding the industry, prevents them from accepting that losses are
According to Markit Economics U.S. private sector activity increased in November after slowing during the previous month, whilst new orders grew at their fastest pace since April 2012. Financial data firm Markit stated that its preliminary composite Purchasing Managers Index (PMI), a weighted average of its manufacturing and services indexes, rose to 57.1 in November
As many European markets opened in positive mood, with some analysts suggesting that the Iran nuclear negotiations has helped to boost confidence in the region, the German DAX index has posted a record high in early trading, other European indices also gained ground. Meanwhile, taking a cursory glance at the DJIA equity index future, it
German DAX reaches a record high as oil futures slump Read More »
The coming week’s fundamental policy decisions and high impact news events that could affect sentiment during the week are dominated by housing data from the USA, UK and Australia. Whilst durable sales orders and retail sales from the USA and Germany have the opportunity to surprise. The UK’s latest estimate of GDP is published, whilst
Trend trading analysis for the week beginning Sunday November 24th Read More »
