May 2010
13 posts
7 tags
“The people in charge (U.S.) strategy towards big banks are not fools and they...”
– Pierre Bourdieu, Tim Geithner, and Cultural Capital | The Baseline Scenario (via @BladeTrading)
Full of insights was this article. And I believe the sentiment posed by its author. Now how can we change this because, unfortunately, what is best for Wall Street tends to hurt the small of society that...
5 tags
“Winning streaks lead to complacency, and complacency leads to sloppy trading.”
– Jack Schwager (via Thought of the Day… « 50’s Blog)
And we all know that that leads too….
4 tags
4 tags
4 tags
4 tags
4 tags
“Being too early on a trade is the same as being wrong.”
– From Newbie to Veteran: Journey of a Trader:
That’s real talk. Many have argued with me but I maintain: your entry is critical to your success as a forex trader.
4 tags
3 tags
Fundamental Analysis: Nonfarm Payrolls
Traders of the US anticipate the publication of the Nonfarm Payrolls. The Payrolls measure the change in the number of employed people during the last month of all non-farming businesses. The total non-farm payroll accounts for approximately 80% of the workers who produce the entire gross domestic product of the United States. It is the single most important piece of data contained in the...
4 tags
3 tags
Fundamental Analysis: ECB Press Conference
The European Central Bank holds this monthly press conference about 45 minutes after the Minimum Bid Rate is announced. It is about an hour long and has two parts: First, a prepared statement is read; then the conference is opened to press questions. The questions often lead to unscripted answers that trigger market volatility. The press conference, which is broadcasted on the ECB website, is the...
3 tags
Fundamental Analysis: ADP Nonfarm Employment...
Traders anticipate the publication of the ADP National Employment Report. It is a measure of the monthly change of nonfarm private employment, based on a subset of aggregated and anonymous payroll data that represents approximately 400,000 U.S. business clients. This release, 2 days before the government-released employment data, is used as a predictive to the government’s non-farm payrolls...
2 tags
WatchI created this video for StockTwits TV’s show “Talk Your Book”. Unfortunately, it was not selected for the show. But my mentor wants to see if I have TV potential, LOL!, so I am posting it here to my trading journal.
This clip was recorded on April 17, 2010. Since then the EUR/GBP has dropped to a low of 0.8602 and the GBP/USD has still been unable to break below support at...
