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.

TheNegotiator

Considerations for a Wannabe Trader...

Recommended Posts

Hi C4Warrior!

 

Welcome to TL. Okay so let me give you a few of my thoughts on what you have said.

 

1 - Why

Just try to ensure that when you are trading the focus is on trading well. Money follows trading well not those who are trying to make money.

 

2 - Commitment

Great. Make sure you give yourself ample time to relax and recouperate. Trading can take an awful lot out of you, especially early on in your career.

 

3 - Timeframe/method

I slightly disagree with tradewinds here. Price moves down are often fast and furious. I think you can do well by being good at trading bear markets. But maybe you have to start thinking whether you should have a broader product base for this. I'd agree with TW about not wanting to be just a bear market trader personally though.

 

5 - Money Management

 

I was referring to the money management of your trade and your account. Essentially, risk.

 

6 - Product

 

Doesn't sound like you're a fool. From the amount of time you spend reading by the sounds of it, trading stocks could be the way you succeed. However, an idea about what a particular stock might do is nothing without a thorough trading plan.

 

10 - Computer

 

Overkill perhaps? Lol. Either way, if you are completely inept or just can't be bothered, you have to have a backup and a way to quickly get someone else to fix it. Make sure you can easily get hold of your broker by phone.

 

11 - Internet

 

No idea really. If you have fibre you should be fine though. Check speedtest.net

 

Overall be under no illusions I'd say. You'll likely go through ups and downs like most do, before you really get anywhere. So don't be too dishearted if the cash doesn't just roll in straight away. Be humble or the market will force you to be. Don't fight the market. Use TradersLab every day! Lol.

 

Good luck.

Share this post


Link to post
Share on other sites
Can anyone recommend a platform that I should look into for the Emini SP?

 

Thanks!

 

I am looking at Kingsview, but I am sure their are others. Will let you know how it works out, but so far the best for me!

Share this post


Link to post
Share on other sites

Hello to everyone here. I've been trading for a little over a year now and finally seeing the light.

I would like to share what I have learned.

 

 

3 - Timeframe/method

If one looks at the Globex market, the moves (trend) are almost perfectly smooth unlike the US markets which can look like a train wreck. If one could stay up all night, one could start trading at midnight (pacific time), I've seen nice moves start then and then pick up speed around 5 and 7 AM, with a final good move before 10:30 to 11, when things get choppy. On occasion a nice reversal starts around 12:30 CT but these are rare. To combat boredom and getting killed by the chop, one should trade only the early morning or after lunch, but the mornings are best.

Simple is better, when trading in real time there is no time to second guess, don't ask me how I know this.

I trade Ichimoku cloud breaks, for the more aggresive trader, looking for candle reversal patterns along with Stochastics (fast line crossing slow) gives an good entry point. Know the target and be prepared to get out. I always use bracket orders and have my broker's number next to me in case my connections drops.

Trade with the longer term trend (1 hour), buy/sell pullbacks and dips. The 20 to 50 day EMAs give good support and resistance.

 

 

5 - Money Management

 

I don't think the often heard 1% or 2% risk on an account is practical, depending on where one enters, it may take more than to not get stopped out, therefore only enter a trade where the stop is as small as possible, on a trend reversal, sometimes easier said than done.

 

6 - Product

 

The Russell 2000 is a lot less choppy than the S&P 500 E-mini, so I trade that. Crude Oil pays even more. I think last week I compared the moves, one trade in crude oil was $2600, Russell was 1400 and ES was 900.

I don't carry my trades overnight since my account is small.

 

7 - Broker

 

My broker is Daniels Trading, i switched to them after being with TradeStation because there is no charge for the platform (from OEC) and no charge for the data feed. The platform is only for Futures. Round trip cost per trade is 5.90 +/-.

Another alternative is Infinity AT, it takes 2700 to start instead of 5K (Daniels Trading and most other brokers). I like and dislike the charting package which is Sierra Charts. You can have separate charts but the toolbars stay with only one chart.

 

10 - Computer

 

I have several computers, all of them old, Pentium 4 with 2 to 4Gb of RAM, two computers I bought for $5 each, so there is no need for thousands of dollars of new equipment, we are looking at charts that don't move like video games. I use three screens, at times I had 5 screens but one should concentrate on only a few markets, preferably not all correlated. Oil seems to precede the ES when it moves. When the ES is not moving up, Oil will go down. So I look at Crude Oil, Russell, Soybeans. Have charts for 5 minutes or less and separate charts for 1 hour or longer to see the bigger picture (support and resistance levels to trade within).

 

11 - Internet

 

I just have middle of the line cable, 100Mbps.

 

12 - Mentors

 

I would stay away from the many services out there. I followed two for months and it was a waste of time and money. A real trader has no time to be talking, perhaps for longer term trading but not intraday.

There are free resouces like Trade with Precision and icecommentary.

 

___________

Share this post


Link to post
Share on other sites

Hi Raul and welcome to TL!

 

A couple of comments.

 

Timeframe/method- Wow. If it works, good for you. Otherwise, try to simplify not complicate your trading. Seriously, it's hard to focus on many different and complicated indicators.

 

Computer- If you run anything other than windows xp sp1 then you'll be getting clogged up with such old systems. OS updates and just background stuff like flash and java will hog resources on a system in which they are already low. If you use such a system, make sure it's clean and very well customised, turning off all unnecessary services etc..

 

Up to you though.

Share this post


Link to post
Share on other sites
Hello to everyone here. I've been trading for a little over a year now and finally seeing the light.

I would like to share what I have learned.

 

 

3 - Timeframe/method

If one looks at the Globex market, the moves (trend) are almost perfectly smooth unlike the US markets which can look like a train wreck. If one could stay up all night, one could start trading at midnight (pacific time), I've seen nice moves start then and then pick up speed around 5 and 7 AM, with a final good move before 10:30 to 11, when things get choppy. On occasion a nice reversal starts around 12:30 CT but these are rare. To combat boredom and getting killed by the chop, one should trade only the early morning or after lunch, but the mornings are best.

Simple is better, when trading in real time there is no time to second guess, don't ask me how I know this.

I trade Ichimoku cloud breaks, for the more aggresive trader, looking for candle reversal patterns along with Stochastics (fast line crossing slow) gives an good entry point. Know the target and be prepared to get out. I always use bracket orders and have my broker's number next to me in case my connections drops.

Trade with the longer term trend (1 hour), buy/sell pullbacks and dips. The 20 to 50 day EMAs give good support and resistance.

 

 

5 - Money Management

 

I don't think the often heard 1% or 2% risk on an account is practical, depending on where one enters, it may take more than to not get stopped out, therefore only enter a trade where the stop is as small as possible, on a trend reversal, sometimes easier said than done.

 

6 - Product

 

The Russell 2000 is a lot less choppy than the S&P 500 E-mini, so I trade that. Crude Oil pays even more. I think last week I compared the moves, one trade in crude oil was $2600, Russell was 1400 and ES was 900.

I don't carry my trades overnight since my account is small.

 

7 - Broker

 

My broker is Daniels Trading, i switched to them after being with TradeStation because there is no charge for the platform (from OEC) and no charge for the data feed. The platform is only for Futures. Round trip cost per trade is 5.90 +/-.

Another alternative is Infinity AT, it takes 2700 to start instead of 5K (Daniels Trading and most other brokers). I like and dislike the charting package which is Sierra Charts. You can have separate charts but the toolbars stay with only one chart.

 

10 - Computer

 

I have several computers, all of them old, Pentium 4 with 2 to 4Gb of RAM, two computers I bought for $5 each, so there is no need for thousands of dollars of new equipment, we are looking at charts that don't move like video games. I use three screens, at times I had 5 screens but one should concentrate on only a few markets, preferably not all correlated. Oil seems to precede the ES when it moves. When the ES is not moving up, Oil will go down. So I look at Crude Oil, Russell, Soybeans. Have charts for 5 minutes or less and separate charts for 1 hour or longer to see the bigger picture (support and resistance levels to trade within).

 

11 - Internet

 

I just have middle of the line cable, 100Mbps.

 

12 - Mentors

 

I would stay away from the many services out there. I followed two for months and it was a waste of time and money. A real trader has no time to be talking, perhaps for longer term trading but not intraday.

There are free resouces like Trade with Precision and icecommentary.

 

___________

 

Looks like ya got it all figured out. I would recommend Advantage Futures if you have any problems with Daniels. Ya never know how good your brokerage/FCM is until you need to contact them while the exchanges are down and orders are being cancelled in a busy frenzy. Good Luck

Share this post


Link to post
Share on other sites

 

Timeframe/method- Wow. If it works, good for you. Otherwise, try to simplify not complicate your trading. Seriously, it's hard to focus on many different and complicated indicators.

 

Computer- If you run anything other than windows xp sp1 then you'll be getting clogged up with such old systems. OS updates and just background stuff like flash and java will hog resources on a system in which they are already low. If you use such a system, make sure it's clean and very well customised, turning off all unnecessary services etc..

 

.

 

Yes, I agree that anything older than XP sp1 will be trouble, I have sp3 and so far no problems...I think. One problem I have not been able to figure out is why sometimes I lose my internet connection to the trading platlform and charts, it's only a few seconds and reconnects itself but I am troubled by the potential problem. I questioned my isp and they gave me a new modem but no difference. I asked my broker and they did not have any problems on their end. I've seen this with TradeStation and my present platform. I do not know where the problem is, has anyone else had this problem? I don't think my band width is the problem because the connection is never dropped on other programs.

 

In regards to the time frame/method, maybe I made it sound too complicated, I just have a 1-2 minute chart with Ichimoku clouds and Stochastics below that. On another chart I have an hour chart so I can see the previous support and resistance levels and the larger trend.

 

I hope this helps others. Thank you for this thread.

Share this post


Link to post
Share on other sites

I have come to the conclusion that my OEC trading platform is the problem. I have read from other people (in other forums) that also had problems with OEC losing connection or freezing but their comments were from a while back. I am going to follow Jleon's suggestion and look at Advantage Futures. Perhaps other members can suggest who they use and if they have had disconnect problems. Thanks in advance.

Share this post


Link to post
Share on other sites

Hello all, I am new to trading and I am finding it very challenging. Maybe it is because I started in July of 2011, and we all know what happened in August of 2011. It is just so hard to find a system that works consistently, and in all kinds of markets.

 

A former colleague of mine told me about a strategy called pairs trading, he said it is a better way to manage risk so you make more money (or, lose less money). Has anyone ever traded pairs? Where can I find out more information about how to do this?

Share this post


Link to post
Share on other sites
Hello all, I am new to trading and I am finding it very challenging. Maybe it is because I started in July of 2011, and we all know what happened in August of 2011. It is just so hard to find a system that works consistently, and in all kinds of markets.

 

A former colleague of mine told me about a strategy called pairs trading, he said it is a better way to manage risk so you make more money (or, lose less money). Has anyone ever traded pairs? Where can I find out more information about how to do this?

 

Maybe your colleague is talking about spread-trading.

This site maybe a source of info:

What is Spread Trading?

 

I haven't actually traded this strategy but I'm thinking of trying it, (paper trade), using index futures (eg. ES/NQ).

Share this post


Link to post
Share on other sites
Hello all, I am new to trading and I am finding it very challenging. Maybe it is because I started in July of 2011, and we all know what happened in August of 2011. It is just so hard to find a system that works consistently, and in all kinds of markets.

 

A former colleague of mine told me about a strategy called pairs trading, he said it is a better way to manage risk so you make more money (or, lose less money). Has anyone ever traded pairs? Where can I find out more information about how to do this?

 

The trouble is Jennie, most people trade pairs(generally pairs are related stocks) or spreads(like NQ vs ES or 10yr vs 30yr treasuries) in the same way as they trade a single or outright contract. In this way, imho it makes it riskier. You have to get good entries and exits on 2(or more) products, commissions are higher(because you do more trades) and you trade bigger size to account for the smaller profit potential. However, if you trade in a way to take bigger moves over the course of the whole day(or week), then it can be a great way to mitigate risk. The really great spread traders I have known in the past, tend to trade around their spreads constantly improving the average core position. But this takes skill and practise-like everything else in trading!

 

Hope this helps.

Share this post


Link to post
Share on other sites
Hello all, I am new to trading and I am finding it very challenging. Maybe it is because I started in July of 2011, and we all know what happened in August of 2011. It is just so hard to find a system that works consistently, and in all kinds of markets.

 

A former colleague of mine told me about a strategy called pairs trading, he said it is a better way to manage risk so you make more money (or, lose less money). Has anyone ever traded pairs? Where can I find out more information about how to do this?

 

Jennie,

No strategy works all the time, there are strategies for trending markets and there are strategies for choppy markets and mixed in there are pullbacks and retracements. When you started trading is not the problem.

You can spread trade Binary Options at Nadex, I am sticking with futures, to me it seems that the risk is smaller and the rewards bigger.

Share this post


Link to post
Share on other sites

raul- if you're setup through a router or firewall that could be the problem. You are able to go into screen saver > power settings and modify for energy efficiency vs performance, but that shouldn't effect your Internet connection.

Share this post


Link to post
Share on other sites

Thanks Tim,

 

I am not going through a router. My power settings are not the problem, neither is my firewall, that is why I think it is OEC.

 

Will open an account with Mirus Futures, I have not seen a disconnect yet.

 

I am now connecting to OpenDNS and so far I only had one short disconnect.

Share this post


Link to post
Share on other sites
Hello all, I am new to trading and I am finding it very challenging. Maybe it is because I started in July of 2011, and we all know what happened in August of 2011. It is just so hard to find a system that works consistently, and in all kinds of markets.

 

A former colleague of mine told me about a strategy called pairs trading, he said it is a better way to manage risk so you make more money (or, lose less money). Has anyone ever traded pairs? Where can I find out more information about how to do this?

 

The broker I use (ThinkOrSwim) has a guy that does some webinars on pairs trading; you can go through his archives here: Pairs Trader Archives

BTW.... if you ever type in the url please note that this is .net not .com ( I've seen some very bad reviews about the folks at the .com domain and I don't want you to mistake the two).

Edited by JSChicago

Share this post


Link to post
Share on other sites
Hey JS, are you referring to Shaowtrader (Peter Reznicek). Super great guy and fantastic trader. I learned a lot about market internals from him over the years.

 

Hi Tim, the name sounds familiar (Peter Reznicek) so that's probably correct. I'm not a pairs trader and haven't kept up with their webinars on the subject, but their crew seem like stand-up guys that know their stuff.

Share this post


Link to post
Share on other sites

1. Why

I'm 23 years old and was recently told I won't be able to fulfill my lifelong dream of being a pilot in the military. Instead of moping and being stagnant, I decided to get going on another career I've been interested in for many years. So, I guess that means I want to make this a career.

 

2. Commitment

Well, I'm moving to Phoenix in a month, so I'll need to get a job to support myself. But I plan on putting in several hours a day into developing a strategy and system.

 

3. Timeframe and method

I'm brand new to this, so I don't know what a swing trader, scalper, position trader, or news traders are. All I know is that I want to eventually just be dealing with futures, and if I'm successful enough, start a hedge fund.

 

4. Account/Investment size

I'm starting with nothing. I don't expect to be live trading for a few months, so that gives me plenty of time to paper trade and come up with a strategy. Not sure how much I'll have to start with to open an account with a broker. I don't even know what markets are available for futures contracts traders. Like I said, I'm BRAND new to this.

 

5. Money management

Like I said, I'm brand new. But I plan on using the next few months of paper trading to come up with a trading method. I come from a poker background, and I've become pretty disciplined in that I don't let my emotions affect my strategy. Once I developed that discipline I've been able to win at least 90% of all the weekly home games I play with my friends. So I know I have the ability to develop a method that will become profitable.

 

6. Product

Like I mentioned before, I want to stick with futures. The amount of research and speculation involved in stocks is a headache to think about. Futures has a huge amount of risk, but also a massive amount of potential for serious profit. I would like to use my own cash to develop my own portfolio. Not too interested in using other people's money to make money. I would feel a lot better about losing my own 10 grand than losing someone else's. I realize it may take 4 or 5+ years to have enough cash to support myself, but I'm willing to go thru all the bad times to get to the good times.

 

7. Broker

No idea who I'd use, I'll think about that once I have cash and a strategy.

 

8. Platform

I don't know which platform would be best for me. But I can say that when I start live trading I'll be using a Mac, and that I'll be dealing with futures.

 

9. New Source

I suppose news will have an affect on futures, but I'm not sure what I'll do when the time comes.

 

10. Computer

I'll most likely be using a Macbook Pro when the time comes.

 

11. Internet

My internet in Phoenix will be high speed and sufficient.

 

If anyone has any suggestions on where I should start, like what books to read or what websites to look at (especially for futures contracts) It would be much appreciated. I'm currently spending anywhere from 4-8 hours a day of research online, but if I knew where to focus my energy I'd learn a lot quicker. Thank you!

Share this post


Link to post
Share on other sites
1. Why

I'm 23 years old and was recently told I won't be able to fulfill my lifelong dream of being a pilot in the military. Instead of moping and being stagnant, I decided to get going on another career I've been interested in for many years. So, I guess that means I want to make this a career.

 

My input would be two specific books, Reminiscences of a Stock Operator by Edwin Lefevre and Pit Bull by Martin "Buzzy" Schwartz. Both are great reads.

 

Btw, I'm also out in Phoenix, well Scottsdale, great place to be this time of you. I use COX Internet.

 

-Tim

Share this post


Link to post
Share on other sites
3 choices in trading: give up, give in, or give it your all.” Losses happen, learn from them, and also appreciate & enjoy your winners.

 

Well said. I think you have to give anything you do your all. Know the rules of the game, and what your cutoff point is going into it and then commit to putting in the time and hard work. That's been my approach towards most things in life and it's worked out well.

 

A quitter never wins and a winner never quits.

Share this post


Link to post
Share on other sites

Hi All,

 

As a trading beginner, I started using spreadbetguru.com copied the trades the guru was placing and looked at the chart to see if I could see what i was doing...it was tricky at first because you have to be ready to place the trade when you are told to....but ive gotten the

hang of it and i can see what the guru is doing in where he is placing his trades with stoploss profit target etc...what i would say is that you do lose...but end up making money daily. Spreadbetguru I would say is a decent site that helps show you where a trader is placing trades which you will be able to pick up on when looking at charts.

 

Apart from this, I think I will stick with trading Dow Jones, too scared to try any other market now.

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.


  • Similar Content

    • By millonmethod
      Hello everyone!
      I am an advanced trader, with many years of experience (about 15 years - 10 living exclusively from this)
      I am going to give you some tips that you must know:
      There are going to be many people who tell you that trade is easy, that with only crossiing a line  with another one you will win a lot of money.... and that´s not true.  No, Sir, reality is far away from that. Many people who start arrive here with the hope that someone "gives them" a free method, they watch youtube videos thinking that this will give them the "strategy" and in a few days they realize that it does not work for them - they lose money - and then They go looking for a new one ... and so on. YES, IT´S TRUE YOU EARN IN TRADING, A LOT. BUT THINK: for a few to win (10% + any BROKER) many others must lose (90% people). YOU MUST HAVE A MONEY MANAGMENT FORMULA ( you can email me) People study so many years to live on this, not because they are dumb, but to know what they do, when, and have absolute effectiveness. It´s very easy to get lost here: do not disperse, jumping from one to another strategy WILL NEVER give you money, it will only waste your time and make you nervous when trading. PEOPLE WHO CHANGE THEIR METHOD CONSTANTLY : LOOOOSE ALWAYS.   If you have the knowledge to develop it, take your time and do it.  Always try it first on DEMO for at least 2 weeks! If not: search to buy a solid strategy (no you tube videos pleassse ! Avoid losing money! ) This is like any business, it requires some capital to start (capital = money in the broker + solid made /purchased strategy) If you are lost: I RECOMMEND YOU NOT TO WASTE TIME IN YOUTUBE, JOIN PEOPLE WHO HAVE EXPERIENCE AND IF YOU ARE GOING TO BUY A METHOD ... PLEASE !!!! DO NOT BUY 10 BAD AND CHEAP METHODS, SAVE MONEY AND BUY ONLY 1 BUT EXCLUSIVE AND MUST ALLWAYS HAVE SUPPORT !!!!!  Do not buy Signals! They never keep up with constant profits! One week will win and the next will lose. Nothing that does not depend absolutely on you will give you the money you are looking for. And if you do not have a strategy (made or purchased) do not even try PLEASE PLEASE PLEASE: DO NOT USE REAL MONEY! AT LEAST 2 WEEK DEMO FREE HELP HERE!!!!!  IF YOU FOLLOW MY ADVICE YOU WILL BE PART OF THAT 10% WINNER, email me.
      Have a nice trading day
       
       
    • By RedJoker81
      Hello, I wish to get into trading(maybe day trading).  But my question is what should I focus on learning, stocks(btw I know about the $25000 limit but I don't know if I am going trade that many times a week) or Forex, atm I plan to start with 500-1000$. My background would be that I have taken an economics class in which one part was stocking as we had to play a stock market game for around 3 months. Also if you are wondering I don't plan to start real trading for at least a few months(I Plan to practice with demo accounts first and find a profitable strategy first). Thanks for the help! 
    • By trading4life
      Hello, My name is trading4life.
      I just joined this forum.
  • Topics

  • Posts

    • Date: 16th April 2024. Market News – Stocks and currencies sell off; USD up. Economic Indicators & Central Banks:   Stocks and currencies sell off, while the US Dollar picks up haven flows. Treasuries yields spiked again to fresh 2024 peaks before paring losses into the close, post, the stronger than expected retail sales eliciting a broad sell off in the markets. Rates surged as the data pushed rate cut bets further into the future with July now less than a 50-50 chance. Wall Street finished with steep declines led by tech. Stocks opened in the green on a relief trade after Israel repulsed the well advertised attack from Iran on Sunday. But equities turned sharply lower and extended last week’s declines amid the rise in yields. Investor concerns were intensified as Israel threatened retaliation. There’s growing anxiety over earnings even after a big beat from Goldman Sachs. UK labor market data was mixed, as the ILO unemployment rate unexpectedly lifted, while wage growth came in higher than anticipated – The data suggests that the labor market is catching up with the recession. Mixed messages then for the BoE. China grew by 5.3% in Q1 however the numbers are causing a lot of doubts over sustainability of this growth. The bounce came in the first 2 months of the year. In March, growth in retail sales slumped and industrial output decelerated below forecasts, suggesting challenges on the horizon. Today: Germany ZEW, US housing starts & industrial production, Fed Vice Chair Philip Jefferson speech, BOE Bailey speech & IMF outlook. Earnings releases: Morgan Stanley and Bank of America. Financial Markets Performance:   The US Dollar rallied to 106.19 after testing 106.25, gaining against JPY and rising to 154.23, despite intervention risk. Yen traders started to see the 160 mark as the next Resistance level. Gold surged 1.76% to $2386 per ounce amid geopolitical risks and Chinese buying, even as the USD firmed and yields climbed. USOIL is flat at $85 per barrel. Market Trends:   Breaks of key technical levels exacerbated the sell off. Tech was the big loser with the NASDAQ plunging -1.79% to 15,885 while the S&P500 dropped -1.20% to 5061, with the Dow sliding -0.65% to 37,735. The S&P had the biggest 2-day sell off since March 2023. Nikkei and ASX lost -1.9% and -1.8% respectively, and the Hang Seng is down -2.1%. European bourses are down more than -1% and US futures are also in the red. CTA selling tsunami: “Just a few points lower CTAs will for the first time this year start selling in size, to add insult to injury, we are breaking major trend-lines in equities and the gamma stabilizer is totally gone.” Short term CTA threshold levels are kicking in big time according to GS. Medium term is 4873 (most important) while the long term level is at 4605. 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. Andria Pichidi 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.
    • Date: 15th April 2024. Market News – Negative Reversion; Safe Havens Rally. Trading Leveraged Products is risky Economic Indicators & Central Banks:   Markets weigh risk of retaliation cycle in Middle East. Initially the retaliatory strike from Iran on Israel fostered a haven bid, into bonds, gold and other haven assets, as it threatens a wider regional conflict. However, this morning, Oil and Asian equity markets were muted as traders shrugged off fears of a war escalation in the Middle East. Iran said “the matter can be deemed concluded”, and President Joe Biden has called on Israel to exercise restraint following Iran’s drone and missile strike, as part of Washington’s efforts to ease tensions in the Middle East and minimize the likelihood of a widespread regional conflict. New US and UK sanctions banned deliveries of Russian supplies, i.e. key industrial metals, produced after midnight on Friday. Aluminum jumped 9.4%, nickel rose 8.8%, suggesting brokers are bracing for major supply chain disruption. Financial Markets Performance:   The USDIndex fell back from highs over 106 to currently 105.70. The Yen dip against USD to 153.85. USOIL settled lower at 84.50 per barrel and Gold is trading below session highs at currently $2357.92 per ounce. Copper, more liquid and driven by the global economy over recent weeks, was more subdued this morning. Currently at $4.3180. Market Trends:   Asian stock markets traded mixed, but European and US futures are slightly higher after a tough session on Friday and yields have picked up. Mainland China bourses outperformed overnight, after Beijing offered renewed regulatory support. The PBOC meanwhile left the 1-year MLF rate unchanged, while once again draining funds from the system. Nikkei slipped 1% to 39,114.19. On Friday, NASDAQ slumped -1.62% to 16,175, unwinding most of Thursday’s 1.68% jump to a new all-time high at 16,442. The S&P500 fell -1.46% and the Dow dropped 1.24%. Declines were broadbased with all 11 sectors of the S&P finishing in the red. JPMorgan Chase sank 6.5% despite reporting stronger profit in Q1. The nation’s largest bank gave a forecast for a key source of income this year that fell below Wall Street’s estimate, calling for only modest growth. Apple shipments drop by 10% in Q1. 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. Andria Pichidi 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.
    • The morning of my last post I happened to glance over to the side and saw “...angst over the FOMC’s rate trajectory triggered a flight to safety, hence boosting the haven demand. “   http://www.traderslaboratory.com/forums/topic/21621-hfmarkets-hfmcom-market-analysis-services/page/17/?tab=comments#comment-228522   I reacted, but didn’t take time to  respond then... will now --- HFBlogNews, I don’t know if you are simply aggregating the chosen narratives for the day or if it’s your own reporting... either way - “flight to safety”????  haven ?????  Re: “safety  - ”Those ‘solid rocks’ are getting so fragile a hit from a dandelion blowball might shatter them... like now nobody wants to buy longer term new issues at these rates...yet the financial media still follows the scripts... The imagery they pound day in and day out makes it look like the Fed knows what they’re doing to help ‘us’... They do know what they’re doing - but it certainly is not to help ‘us’... and it is not to ‘control’ inflation... And at some point in the not too distant future, the interest due will eat a huge portion of the ‘revenue’ Re: “haven” The defaults are coming ...  The US will not be the first to default... but it will certainly not be the very last to default !! ...Enough casual anti-white racism for the day  ... just sayin’
    • Date: 12th April 2024. Producer Inflation On The Rise, But Will Earnings Hold Demand Steady?     Producer inflation rose slightly less than previous expectations, but the annual figure continues to rise. The annual PPI rose to 2.1% and the Core PPI rose to 2.4%. The NASDAQ and SNP500 end the day higher, but the Dow Jones continues to struggle. This morning earnings kick off with the banking sector including JP Morgan, BlackRock and Wells Fargo. All 3 stocks trade higher during pre-trading hours. The Euro trades lower against all currencies despite the ECB’s attempt to establish a hawkish tone. USA100 – The NASDAQ Climbs Higher, But Is the Growth Sustainable? The NASDAQ was the only index which did not witness a significant decline at the opening of the US session. In addition to this, the USA100 is the only index which is witnessing indications of a bullish market. The price has crossed onto a higher high breaking the resistance level at $18,269. The index is also trading above the 75-Bar EMA and at the 65.00 level on the RSI which signals buyers are controlling the market. However, a similar large bullish impulse wave was also formed on the 3rd and 5th of the month and was followed by a correction. Therefore, investors need to be cautious of a bearish breakout which may signal a correction back to the 75-bar EMA (18,165). The medium-term growth and its sustainability will depend on the upcoming earnings data.   Bond yields declined during this morning’s Asian session by 18 points, which is positive for the stock market. However, even with the decline, bond yields remain significantly higher than Monday’s opening yield. This week the 10-year bond yield rose from 4.424 to 4.558, which is a concern. If bond yields again start to rise, the stock market potentially can again become pressured. 25% of the NASDAQ ended the day lower and 75% higher. This gives a clear indication of the sentiment towards the technology sector and reassures traders about the price movement. Another positive was all of the top 12 influential stocks rose in value. Apple, NVIDIA and Broadcom saw the strongest gains, all rising more than 4%. Producer inflation read slightly lower than expectations, however, the index continues to rise. The Producer Price Index rose from 1.6% to 2.1% and the Core PPI from 2.1% to 2.4%. Therefore, it is not indicating inflation will become easier to tackle in the upcoming months. For this reason, investors should note that inflation and the monetary policy is still a risk and can trigger strong bearish impulse waves. EURUSD – The Euro Declines Against Major Currencies The European Central Bank is attempting to concentrate on the positive factors and give no indications of when the committee may opt to cut rates. For example, President Lagarde advises “sales figures” remain stable, but the issue remains they are stably low. Officials said the decline in prices generally confirms medium-term forecasts and is ensured by a decrease in the cost of food and goods. Most experts continue to believe that the first reduction in interest rates will happen in June, and there may be three or four in total during the year. Due to this, the Euro is declining against all currencies including the Pound, Yen and Swiss Franc. The US Dollar Index on the other hand trades 0.39% higher and is almost trading at a 23-week high. Due to this momentum, the price of the exchange continues to indicate a decline in favor of the US Dollar.   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 HMarkets 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.
    • $MSFT Microsoft stock top of range breakout above 433.1, https://stockconsultant.com/?MSFT
×
×
  • Create New...

Important Information

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