Took up a position on the ISM trade, but now I have to decide how I'm going to manage it..it has some upside potential so perhaps I shall let it run.
Regards,
xXTrizzleXx
Regards,
xXTrizzleXx
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DislikedTook up a position on the ISM trade, but now I have to decide how I'm going to manage it..it has some upside potential so perhaps I shall let it run.
Regards,
xXTrizzleXxIgnored
Dislikedthe report came out way better than expected.. everyone was worried it might dip below 50
I took 8.5% gain while avoiding the USD
I saw the spike and closed everything expecting a big whiplash.. plus its friday and I don't want to wait around if they fade and have to wait for trend to resume.. if london starts taking profits from the week at 11 EST.. etc etc..
I'm good for the day now have a great weekend Trizzle its been a fun week keep up the good journal..
Please let us know what to expect new week regarding fundamentals I will be researching...Ignored
DislikedI read this article recently, and I think it has potential to deal massive damage to the Franc, but the SNB has stated that it isn't considering intervening in the markets, according to its monetary policy. I'd wait for it to turn on its promise before I act on that piece of news, but yes it has the potential to cause massive unwinding.
Good eye.
Regards,
xXTrizzleXxIgnored
DislikedThanks for the reply. Tactical's post is quite helpful.
I am also reading up on Game Theory this summer. I am reading, "Introduction to Game Theory in Business and Economics" by Thomas Webster. I've only browsed through it so I cannot recommend it, yet.
If you are interested I have attached a few academic papers on the subject that I found.
One was too big to upload, but you can find it in a google search: "The Trader’s Dilemma: Trading Strategies and Endogenous Pricing in an Illiquid Market."Ignored
QuoteDislikedSentiment wise, we are at a stark reversal from last week's risk-on atmosphere, largely due to the ratings agencies and also to globally weaker data giving some crecedence to the idea of a slow-down, and a rate hike by China will only make things worst. Bearing this in mind, it's a bit odd to see AUD/USD and its crosses holding up so resiliently, so I'm also trying to get my head about what exactly it is that's driving these two. Could the high yields be justification enough? Judging by the swap I'm getting on my measly position,...
QuoteDislikedThanks for the reply. Tactical's post is quite helpful.
DislikedBearing this in mind, it's a bit odd to see AUD/USD and its crosses holding up so resiliently, so I'm also trying to get my head about what exactly it is that's driving these two.Ignored
DislikedI've been wondering the same thing myself. I was expecting the AUD/USD to follow the EURO back down. I've been suprised to see it still hold. I'm holding a similar idea to yours about why they've held. I think it's just a more attractive vehicle right now for investors.Ignored
DislikedHi xXTrizzleXx,
Thank you for sharing your insights in your journal, about A/U, the big rally in gold (silver) might be part of the reason. What I have a problem with is that
stocks are not falling... which in itself may be the other part of the reason why A/U is holding up so well.Ignored
DislikedThanks for the reply. Tactical's post is quite helpful.
I have never played chess, so reading up on Game Theory this summer is high on my list. I am reading, "Introduction to Game Theory in Business and Economics" by Thomas Webster. I've only browsed through it, so I cannot recommend it, yet.
If you are interested, I have attached a few academic papers on game theory and trading.
One was too big to upload, but you can find it in a google search: "The Trader’s Dilemma: Trading Strategies and Endogenous Pricing in an Illiquid Market."...Ignored