Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

One Strange Kat

I Am One Strange Kat

Recommended Posts

Just curious, has everyone moved elsewhere? I know this forum could be quiet, but seems unusually quiet. Tumbleweeds meandering through quiet.

 

Summer is coming to an end. People are going to vacations. Wait till after the Labor Day before activity picks up.

 

Gringo

Share this post


Link to post
Share on other sites
Just curious, has everyone moved elsewhere? I know this forum could be quiet, but seems unusually quiet. Tumbleweeds meandering through quiet.

 

Few traders -- including those who characterize themselves as "price action traders" and excrete an unending series of courses and books and dvds and plugins and software programs and so on -- understand what trading price alone is all about. And even those who do in many cases aren't curious enough about price movement to commit to the nearly continuous task of adapting to ever-changing market conditions (which is the chief advantage of trading price). And of those few who are curious enough and who do understand what trading price entails, even fewer are interested in posting to message boards. Why would they be, given the toxic environments one commonly finds there? Instead we get the incessant bought-here-sold-there Turette's-style "trading journal" which is of no value whatsoever.

 

Over three thousand people all over the world have downloaded the various SLA drafts. How many of them are actually using it? I have no idea. Occasionally someone will pop in and post a few charts then disappear again. Or I get emails and PMs. But trading forums are not exactly welcoming when it comes to trading without aids. To be so they'd have to at least acknowledge the possibility that all those aids just might be useless, and when one has devoted years of his life to futzing with settings, this requires a long, hard, cold examination of one's trading life that few people are willing to engage in. It's easier and less painful to just quit, even if it's taken them ten years to do so.

Edited by DbPhoenix

Share this post


Link to post
Share on other sites

Updating above trade, stops moved down.

 

Quiet is one thing, but this is ridiculous. You may want to look at T2W. Though it's the usual FX/Indicator environment, there is at least some interest in this. And the journals there are restricted, so having a moderator isn't essential.

91.thumb.png.68c13f625af94cfaad1dce95e8516827.png

Edited by DbPhoenix

Share this post


Link to post
Share on other sites

Waiting....

 

This is not the kind of markets I choose to trade at this time. Opportunities, yes, for some, but I am keeping the powder dry for the time being. The above mentioned shorts were closed for just a few ticks over a hundred points via stop loss.

93.thumb.png.6c5b6e25f2e4c3021dd26a34db8168b7.png

Share this post


Link to post
Share on other sites

The long weekend was interesting. Spent time trying to find IB TWS documentation. Not an easy task. Seems the learning curve is, well, steep. Viewed their video tutorials and webinars, but have yet to find the instructions I need.

 

People think trading is difficult....the mechanics of order entry with stop loss attached is much more convoluted imho.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.