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  • #1,301
  • May 10, 2010 5:23pm May 10, 2010 5:23pm
Quoting FXAdvice
If you looking for trading idea , short on G/U will be suggested
GREAT ADVISE.....
  • #1,302
  • May 10, 2010 7:42pm May 10, 2010 7:42pm
Dear Nick,

Have a wonderful Birthday .
You are a great talent at this age .
Keep up the good work and enjoy your day.

Cheers
Its Time to Change the Ratio Skype: NoWorriesTraders
  • #1,303
  • May 10, 2010 11:52pm May 10, 2010 11:52pm
Morning,

EUROPEAN STOCKS are seen giving back an ever growing portion of yest's bumper/bloated gains though the extent of the retracement may ultimately be much larger than the early call. Index futures for the Dax, CAC40 & FTSE now suggest opening mark downs in the region of 1.4-2% (vs 0.5% at 6GMT) with more casting doubt whether the circa Usd 1 trn emergency rescue package of loans announced at the w/e will ever get off the ground in the format designed, let alone make a meaningful impact on debt reduction capabilities. Even though Wall St extended gains into their close (DJ +3.9%), Dow futures are almost 100 ticks in the red, whilst Asia is on the slide (1.1%-2% in the red), the latter also spooked by Chinese data o/n (though inflation was a tad lower than f/c). Oil & industrial metals are also on the backfoot which doesn't auger well for sentiment whilst Gold, bonds & the Dollar all make notable early headway.
  • #1,304
  • May 11, 2010 7:45am May 11, 2010 7:45am
Hi,

Today market was in range and low volume on most of pairs, so already no trade is the best.
  • #1,305
  • Edited 8:11am May 11, 2010 7:59am | Edited 8:11am
Quote
Today market was in range and low volume on most of pairs

Hi Nick,

How do you know the volume traded on each pair?

Thank you
  • #1,306
  • May 11, 2010 9:56am May 11, 2010 9:56am
Hi again,

as trading suggest cable has short setup
  • #1,307
  • May 11, 2010 1:03pm May 11, 2010 1:03pm
Quoting FXAdvice
Hi again,

as trading suggest cable has short setup
cable is around our first target, don't forget to manage your trade
  • #1,308
  • May 11, 2010 2:01pm May 11, 2010 2:01pm
+33 pips on the first half

second still running

Thanks for your support through Skype Nick

good call

HAPPY BIRTHDAY
  • #1,309
  • May 11, 2010 2:25pm May 11, 2010 2:25pm
My first exit was undisciplined.

I could have gotten the 40-50 pips that are recommended.

I would have been better off walking away from the computer with a take profit at 1.4940.

Hard to let profits run sometimes.
  • #1,310
  • May 11, 2010 3:29pm May 11, 2010 3:29pm
thanks
Attached Image (click to enlarge)
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  • #1,311
  • May 11, 2010 11:39pm May 11, 2010 11:39pm
Cable fall nicely during Asian session and +100 pips reach easily
  • #1,312
  • May 12, 2010 12:11am May 12, 2010 12:11am
MARKETS REMAIN UNCONVINCED Despite strenuous (and very costly) efforts to restore some calm and provide a back-stop for debt-ridden EMU peripherals wider sentiment remains extremely fragile. This is highlighted by the Euro's swift fall from grace and equally by Gold's strong bid as the traditional safe-haven commodity. Having scaled successive record highs against various currencies, like the Euro unsurprisingly, bullion has finally eclipsed its Dec 3 all time peak vs the Usd, at $1234.70 vs $1226.10, and with the yellow metal looking primed for further gains despite the Dollar's own flight-to-quality appeal. Meanwhile, Govt bonds are also looking attractive relative to shaky stocks, especially financials that are likely to come under more pressure amidst WSJ reports that MS could be the next US bank to face an investigation on mortgage derivatives after GS.
  • #1,313
  • May 12, 2010 2:04am May 12, 2010 2:04am
Quoting FXAdvice
Cable fall nicely during Asian session and +100 pips reach easily
  • #1,314
  • May 12, 2010 3:50am May 12, 2010 3:50am
BoE's KING said he is very pleased to support the new administration's budget plan, which he says is vital for the govt to address. He says the scale of the budget cuts (Gbp 6 bn) are not enough to hurt growth in 2010, with the govt right to show seriousness on the debt. Responding to a prying question no doubt, King stated that it is appropriate for the BoE to comment on large deficits, and claimed this was no change in this policy. He confirmed that he had spoken to Chanc Osborne this morning, talking on the agreement - to which King said it is sensible to make cuts this year, with the situation regarding this years cuts having changed in the past 2-3 weeks. Unthinkable before last week's election, King said the coalition pact has accelerated the fiscal plan. But, somewhat stating the obvious, Mr King stressed that markets are looking at bank exposures to sovereign debt also.
  • #1,315
  • May 12, 2010 6:54am May 12, 2010 6:54am
Quoting geula4
got 50 and 104 pips with two trades, great...
  • #1,316
  • May 12, 2010 7:07am May 12, 2010 7:07am
Quoting Saintsurfer
got 50 and 104 pips with two trades, great...
cool
  • #1,317
  • May 12, 2010 11:41am May 12, 2010 11:41am
looks like a lot fundies recently, how much magnitude do these fundies play a role in your trading analysis please? always interested in your accuracy of projection.

Quoting FXAdvice
BoE's KING said he is very pleased to support the new administration's budget plan, which he says is vital for the govt to address. He says the scale of the budget cuts (Gbp 6 bn) are not enough to hurt growth in 2010, with the govt right to show seriousness on the debt. Responding to a prying question no doubt, King stated that it is appropriate for the BoE to comment on large deficits, and claimed this was no change in this policy. He confirmed that he had spoken to Chanc Osborne this morning, talking on the agreement - to which King said it is...
  • #1,318
  • May 12, 2010 11:50am May 12, 2010 11:50am
Quoting jeurre
looks like a lot fundies recently, how much magnitude do these fundies play a role in your trading analysis please? always interested in your accuracy of projection.
I wont pretend to answer for him but in general you cannot trade without taking fundis into the equation right now hence the reason he makes these posts. The last short mentioned on GU was right before news was released also
Don't chase the market, Let the market come to you
  • #1,319
  • May 12, 2010 12:28pm May 12, 2010 12:28pm
Quoting Tmac
I wont pretend to answer for him but in general you cannot trade without taking fundis into the equation right now hence the reason he makes these posts. The last short mentioned on GU was right before news was released also
but i think it was release after news influence
  • #1,320
  • May 13, 2010 1:04am May 13, 2010 1:04am
Morning,

ECB'S STARK agrees with colleague Weber that bond purchases bring with them a risk of infl but any such risk must & will be prevented with sterilization. He justifies the move, saying it is a temporary emergency measure and does not mean the CB has caved in to political pressure as the decision was purely based on mkt developments. Speaking to ARD, he stresses that the Bank's commitment to price stability demonstrates its credibility. Euro volatility reflects uncertainty not only about the EMU but also other regions, he points out, adding some countries have come under speculative attack due to their fiscal vulnerability. Note, yest's 6M ECB tender highlighted that money market tensions persist, and the 6M cash has only slightly dampened o/n borrowings (Eur4 bn from Eur4.4 bn prev) while deposits jumped to Eur100bn to Eur146 bn (following fine-tune op) but below Eur300 bn+ levels seen earlier.
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