DislikedOh really? Post a screenshot of your trading account history with all those trades then, let`s check...Ignored
Im too lazy to check if its still up but I have seen that TE in the past, lol.
Necessity knows no law except to conquer
- View Post
- Hidden for breach of Trader Code of Conduct
- View Post
- Hidden for breach of Trader Code of Conduct
- #169
- Mar 11, 2019 3:27am Mar 11, 2019 3:27am
- | Commercial User | Joined Jan 2017 | 1,389 Posts
Still winding down existing projects and busy on the site so not too much time to blog in core hours. Here is my trading schedule for the week. The Yellow highlighted events are potential trade opportunities that i will be actively looking to trade if an opportunity arises. The main themes for the week for me are focus on any slowdown in the US, Brexit, BOJ (if any major changes to policy arise). When i am back the theme of the thread will move away from general discussions and onto a path that can really help you all take full advantage of news flow and deliver greater consistency with your trading. The content will be a weekly schedule like this along with a summarised list of what i am watching to trade. Any of you who doesn't understand any of this feel free to ask and we can breakit down so that you can start working towards success.
The red highlight signifies a potential risk off sentiment event
The red highlight signifies a potential risk off sentiment event
- #170
- Mar 11, 2019 8:26am Mar 11, 2019 8:26am
- | Commercial User | Joined Jan 2017 | 1,389 Posts
Monday trade update
Sentiment today reflected what price has been doing off the back of the ECB policy shift last week. I was somewhat surprised by the level of market reaction last week as it seemed to me at the time to be simply an extension of what is already in place but the kicker was the forecast downgrades which sent the market south. Today Coeure, an executive board member, said in communication that has been powering Euro sentiment all morning
In an interview with Italy’s Corriere della Sera newspaper, Coeure defended the decision taken on Thursday, saying policy makers were only reacting to a slowdown that came sooner than they expected, but wasn’t a surprise. Policy makers are not seeing signs of a recession “at present” and inflation will eventually reach their goal of just under 2 percent, but get there more slowly.
“We knew that euro-area growth would adjust towards its potential rate,” Coeure, who runs market operations at the ECB, said in the interview published Monday. “But those decisions don’t represent a turnaround in our policy; they have been carefully calibrated to this diagnosis.”
Today's US data printed a beat in expectations and is an example of where retail traders simply glance at the numbers and trade them blindly. One would think the beat in expectations is a trade opportunity and given the ECB was dovish last week it would be a natural sell wouldn't it!!! well if you pay a bit of attention to the bigger picture you will have seen that last months retail sales data was shocking. M/M was -1.2 , core was -1.8, and control was -1.7. Well today they released the revisions with the data and the mm was revised down -0.4 to -1.6, core revised down -0.3 to -2.1, and control revised down -0.6 to -2.3. This is significant and if you add last weeks poor job numbers to the mix it is looking like cracks are appearing.
Anyway, given that there was ECB communication today that spun a different picture to what the market was digesting last week, making the situation look slightly less dovish than the reaction. This trade has mixed sentiment with a slight weight tilted to the Euro side so adjusting expectation of profit to 15-20 points is appropriate.
Sentiment today reflected what price has been doing off the back of the ECB policy shift last week. I was somewhat surprised by the level of market reaction last week as it seemed to me at the time to be simply an extension of what is already in place but the kicker was the forecast downgrades which sent the market south. Today Coeure, an executive board member, said in communication that has been powering Euro sentiment all morning
In an interview with Italy’s Corriere della Sera newspaper, Coeure defended the decision taken on Thursday, saying policy makers were only reacting to a slowdown that came sooner than they expected, but wasn’t a surprise. Policy makers are not seeing signs of a recession “at present” and inflation will eventually reach their goal of just under 2 percent, but get there more slowly.
“We knew that euro-area growth would adjust towards its potential rate,” Coeure, who runs market operations at the ECB, said in the interview published Monday. “But those decisions don’t represent a turnaround in our policy; they have been carefully calibrated to this diagnosis.”
Today's US data printed a beat in expectations and is an example of where retail traders simply glance at the numbers and trade them blindly. One would think the beat in expectations is a trade opportunity and given the ECB was dovish last week it would be a natural sell wouldn't it!!! well if you pay a bit of attention to the bigger picture you will have seen that last months retail sales data was shocking. M/M was -1.2 , core was -1.8, and control was -1.7. Well today they released the revisions with the data and the mm was revised down -0.4 to -1.6, core revised down -0.3 to -2.1, and control revised down -0.6 to -2.3. This is significant and if you add last weeks poor job numbers to the mix it is looking like cracks are appearing.
Anyway, given that there was ECB communication today that spun a different picture to what the market was digesting last week, making the situation look slightly less dovish than the reaction. This trade has mixed sentiment with a slight weight tilted to the Euro side so adjusting expectation of profit to 15-20 points is appropriate.
- #179
- Edited 8:49am Mar 13, 2019 8:12am | Edited 8:49am
- | Commercial User | Joined Jan 2017 | 1,389 Posts
