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TheNegotiator

Considerations for a Wannabe Trader...

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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.

 

The problem with this is that everyone has a different take and personality so it won't be suitable for all.

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I guess what you say is true...but just one question...if a trading master who made trades everyday and was in profit everyday would it be something to look at or not? seeing that

even when we trade using our own judgement we lost 50% of the time and win 50% of the time...to me its a no brainer and Im not going to stop using the subscription...to me spreadbetguru.com is worth every penny...but I know not everyone will be able to stomache copying someone elses trades...even if they are profitable trades...thats why they say only 10% of traders make it through.

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Hi everyone

I'm very new to the trading thing, but everyday it gets more and more interesting and scary too.... when you go deeper and deeper in the subject...you realize how much opportunity and risk is there

 

I have many different questions. Some of the most basic and perhaps stupid questions are about selecting a broker and working with a broker company:

1. What are the 2-3 main features of a good/trustworthy broker?

2. What is their true role, apart from giving access to the trading platform, e.g. are they consulting on trades, should they provide any form of support, educate newcomers or something?

3. If some trader ( client of a broker) earns really big profit from a trade, does broker company looses their money because of that or such profit comes only from losses of other traders/clients?

4. Why broker is so keen on me to increase or re-fill the account, always asking to input more and more money into account? I sometimes get a feeling that broker benefits somehow on clients who loose/destroy their accounts. Is that possible or is it just an ill imagination :)))?

 

thanks for your insights

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I'm a beginner and am trying to decide what trading tools I should use. I'm interested in trading gold, crude oil, and natural gas to start with. Do you have any recommendations? So far I was thinking about using MACD and valuecharts. Thanks for the help

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I'm a beginner and am trying to decide what trading tools I should use. I'm interested in trading gold, crude oil, and natural gas to start with. Do you have any recommendations? So far I was thinking about using MACD and valuecharts. Thanks for the help

 

My main observations: Gold and Crude Oils are opposite instruments of USD. If USD gets stronger (people sell other stuff and buy USD) than normally Gold and Oil start to fall/ get down.

Another thing is - do not expect to earn quick money on Gold and Oil, these are subject to a long-terms trends,especially Oil. Look and their trends or patterns in Day and Week timeframes in order to figure out your position. The bigger account you have the better, because prices ( hourly, daily) can be quite volatile and you must have enogh fund to sustain your positions. If you place too small stops and take profits - it won't work that way on Gold and Oil. Ultimately Gold is a buy on a very long term basis (monthly) but Oil is very tricky.

Also Oil is very political too, subject to rumors, bad or good expectations, political risk, and bad or good economical results of countires like China and US.

If you can - trade with Demo for several months at least to have a feeling and only after trade with real money. otherwise, this is very risky for the beginner if you do not have a trusted adviser/experienced trader who will coach you.

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I'm a beginner and am trying to decide what trading tools I should use. I'm interested in trading gold, crude oil, and natural gas to start with. Do you have any recommendations? So far I was thinking about using MACD and valuecharts. Thanks for the help

 

-decide what time frame would you like to use

-create a system with a proper risk/money management

-practice and master your system

-while practicing, prepare yourself for unexpected movement. make sure you have a plan before you click buy-sell button

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Hi,

 

Excellent summary for a newbie trader to consider. Im trading almost 15 years but only about 3 could be considered real trading, the rest was simply adding to a position I was going to hold for a long time and holding it for the day if I saw it was overextended or saw a doji after 5 increasing size bars in a row. Just simple workable stuff. The sad part was when I decided I cant do it part time anymore, I was on unemployment and decided to let it run out and just keep learning and start trading as soon as I could trade 3 months in a row profitably. I think that is the minimum any new trader should do before going live.Sadly I joined the Oliver Velez prop trading room where they teach you to daytrade off a 2 and 5 min chart individual stocks and supposedly give you huge leverage to trade with only like 10 cent commissions. We all believed it because Oliver was a best selling author. The company went out of business 1 year later and thank God I learned a little something before he went under.

 

As far as your goal of making $5000 a day on a 100k account, I think you would have some of the guys in Market wizards calling you up if you could do that. I would say maybe....only maybe...the best traders in the world can get that kind of return.I'd be stunned if you did that per week! I would say a more realistic return,especially at the beginning years of your "pro career" would be $500 a day. And think weekly. Thats $2500 a week x 50 is 125k a year! Thats more than doubling your money every year. If you wouldn't be happy with that, I think you are going to overtrade and make some big mistakes and end up making nothing. Just my opinion from watching 500+, other traders in a chat room with me trade alongside for a year.

 

I also am wondering why you would pick the ES contract as your only contract to make money. It is the one place to find the most pros; banks, Who even knows if the Fed(Plunge protection team) or what others are in that instrument. It doesnt move that much which I s why I think all the small guys get eaten alive in there because only guys who can put on 10 contracts or more at a time can make the kind of money you talk about. Why not crude oil or Metals? Will your system work on all markets? Also what time frame may I ask are you trading on and how many trades per day or week do you take?

 

best of luck.

Vince

 

 

1-Why.

I want to trade as a career. It did not start out that way. Originally, I just wanted to manage my own retirement account. I came out of the manufacturing and construction industries. I don't want to go back into either industry, and I don't see any way I can get work in either industry. I'm looking for a way of life and a career. I don't feel that the U.S. economy has anything to offer me. I don't feel like I have any other good options. I caution anyone wanting to go into trading as a profession. I don't have a family to support, or any real expenses, so that has been critical to my being able to put the time in to learn trading.

 

 

2-Commitment.

I have committed a little over 3 years now. Probably 2 to 2 1/2 years full time, every day.

 

3-Timeframe and method.

I guess I'd call myself a swingtrade scalper. I hate trend lines, and do not use them. I wasted a lot of time on trend lines. I only use price levels, support and resistance on my price chart. Then I use mostly the Advancers / Decliners for the general trend direction. I do not use multi-time frame charts. I only use a one minute chart. For me, something like a 133 Tick chart is just information overload, and takes my focus off the longer trend. I will be making up to hundreds of trades a day.

 

4-Account/investment size.

I expect to eventually make $800 to $1000 dollars a day. If I had a $100,000 account, I'd want to make $5,000 dollars a day. I've gone through about $25,000 dollars of expenses for bare bones living, and I have no rent, mortgage, heat or food expenses. Right now I have $10,000 in a trading account.

 

5-Money management.

I have a reasonable trading method that I have proven will make money. But it's taken over 3 years to get to this point. I've made all the typical mistakes that traders make. Let my losses run, take profit to early, etc.

 

6-Product.

All I trade is the ES e-mini futures contracts. Originally I looked at stocks. I consider stocks to be to much of a hassle, to much research, to difficult. I don't see any reason to trade anything else. My focus is to totally master what I do to an extremely profession level.

 

7-Broker.

I've only used a couple of brokers. This is an interesting topic. It takes a lot of time to get set up with a broker, and learn their platform. Just that alone could take months. It's a chore to determine what broker you want to use.

 

8-Platform.

By chance, I choose a broker that has very good charting. I believe that this is critical. After all, it's all about reading the chart. If you can't do that, then what's the point? Make sure that whatever platform you are using, you can navigate the charts without getting confused.

 

9-News source.

I looked into buying a subscription to a news service, but the expense was way more than I wanted to spend. I'm glad I didn't spend any money on it. News is very important, but trying to react instantly to the news is a game I would never try to play. I did go down that road of looking a earnings reports for about 6 months, and then decided that it's way to difficult, and I'm glad that I gave up on it. Don't get me wrong, I always check when the news releases are and make sure that I'm not trading when it comes out. Then I take a look at what the news is. I put a lot of time into figuring out how to interpret the news. That's an art form. But I don't trade the news, I trade the market internals and support/resistance.

 

 

10-Computer.

I've gone through 3 computers. One custom built myself. (Nightmare, that I don't recommend. But I'd probably do it again.) I like my laptop with an external screen attached. As with any product, the high end products are sometimes worse than the mid range quality. I bought a high end gaming laptop that I had to return twice, and then bought something else.

 

11-Internet Connection.

I live in a rural area and started with a local wireless company. It wasn't really good enough for trading. Luckily, during my learning phase, a cable company installed high speed on my road. I have a back up wireless connection through my cell phone company.

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Vince I think the draw of the ES or other minis is that you can learn to trade on a small account without being crippled by one bad trade. Yes, you could hold a couple of ES 20 points offside with only $3k starting balance or something but that is well within your control most of the time. Metals and energies on the other hand can have thunderous moves for the under capitalised. I agree that ES can be tough but then there's always NQ,YM,TF to trade.:2c:

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Vince I think the draw of the ES or other minis is that you can learn to trade on a small account without being crippled by one bad trade. Yes, you could hold a couple of ES 20 points offside with only $3k starting balance or something but that is well within your control most of the time. Metals and energies on the other hand can have thunderous moves for the under capitalised. I agree that ES can be tough but then there's always NQ,YM,TF to trade.:2c:

 

Absolutely. The ES is good to start out with and get comfortable trading futures. And yes,yes,yes about oil. I cant even do it now. It makes me too stressed. Gold and silver are slower than oil but faster than Forex. I like that mix.

 

Do you use Fibonnacci or Harmonic patterns in making trading decisions? What one thing is the biggest factor in your trading decision?

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Do you use Fibonnacci or Harmonic patterns in making trading decisions? What one thing is the biggest factor in your trading decision?

 

Fibonacci yes in certain cases. As a guide of IB expansion capability and after a strong move. Also look at the halfgap and session midpoint (amongst others) although clearly this is not really Fib. Harmonic patterns are not something I consciously look at although I subconsciously follow how the back and forth drives the market.

 

The biggest factor I would say is context of market activity. Take a look at the e-mini thread in my sig for more and ask any questions! Just because it's about the e-minis it shouldn't scare you off. The premise is commutable to any market.

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Fibonacci yes in certain cases. As a guide of IB expansion capability and after a strong move. Also look at the halfgap and session midpoint (amongst others) although clearly this is not really Fib. Harmonic patterns are not something I consciously look at although I subconsciously follow how the back and forth drives the market.

 

The biggest factor I would say is context of market activity. Take a look at the e-mini thread in my sig for more and ask any questions! Just because it's about the e-minis it shouldn't scare you off. The premise is commutable to any market.

 

I agree 100% neg. I just want patterns that are the easiest to identify. Isnt that what ultimately we all want? So if I am a gold and forex trader and you and some other guys start buzzing about how the ES IS NOW GIVING BACK ALL THE GAINS ON A GAP UP 85% of the time for the last month and if that happens then another thing happens 15 min before the close, you bet I will become very very interested in ES. In fact in hindsight, with this 3 yr bull run, Id love to backtest how a trader would have made put fading every gap down on the ES for last 3 yrs. Someone actually told me that except for mon and friday, it usually works. This comes from a website called masterthegap where all this guy does is play gaps on the ES. You might want to check it out. I think his basic newsletter is free.

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1-Why.

I want to find patterns in noise. I want to feel the will of thousands at the same time. I want something to work at, and learn, and gain skill in. I want to experience something that's both an art and a science. And of course, I want to make money.

 

2-Commitment.

I can commit several hours a day, four from morning to afternoon and more in the evening when CME reopens.

 

3-Timeframe and method.

I know that I'd like to trade intraday, but I don't know exactly which frame yet. I'm trying them all out and seeing which works best for me.

 

4-Account/investment size.

When I start trading live I'll have $2500 for an initial margin. If it ever drops below $1900 I'll stop trading until I can replenish it with my day job.

 

5-Money management.

I'll trade with either 20% or 40% of my principal, depending on how confident I am in the entry. My position sizes will only increase if I make enough money.

 

6-Product.

I'm beginning with futures since they have the lowest margins.

 

7-Broker.

I've chosen a broker that's known for low margins, speed, and reliability. Their commissions are slightly higher than discounts, but you get what you pay for.

 

8-Platform.

I've found a futures platform that has everything I need and is supported by my broker.

 

9-News source.

I don't intend to use news, unless I can find some RSS feed that will warn me of catastrophes.

 

10-Computer.

My PC runs my platform fine.

 

11-Internet Connection.

I have a (mostly) reliable broadband internet connection.

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1-Why.

I want to find patterns in noise. I want to feel the will of thousands at the same time. I want something to work at, and learn, and gain skill in. I want to experience something that's both an art and a science. And of course, I want to make money.

 

2-Commitment.

I can commit several hours a day, four from morning to afternoon and more in the evening when CME reopens.

 

3-Timeframe and method.

I know that I'd like to trade intraday, but I don't know exactly which frame yet. I'm trying them all out and seeing which works best for me.

 

4-Account/investment size.

When I start trading live I'll have $2500 for an initial margin. If it ever drops below $1900 I'll stop trading until I can replenish it with my day job.

 

5-Money management.

I'll trade with either 20% or 40% of my principal, depending on how confident I am in the entry. My position sizes will only increase if I make enough money.

 

6-Product.

I'm beginning with futures since they have the lowest margins.

 

7-Broker.

I've chosen a broker that's known for low margins, speed, and reliability. Their commissions are slightly higher than discounts, but you get what you pay for.

 

8-Platform.

I've found a futures platform that has everything I need and is supported by my broker.

 

9-News source.

I don't intend to use news, unless I can find some RSS feed that will warn me of catastrophes.

 

10-Computer.

My PC runs my platform fine.

 

11-Internet Connection.

I have a (mostly) reliable broadband internet connection.

 

As much as it seems like it could be possible to build up from a $2.5k account, the very reason you have chosen to trade futures puts the account at risk. I suggest you learn the markets for a reasonable period before even attempting to trade, then trade simulated whilst building up more capital. That way, when you do have more capital you will be better place to use it well.

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I agree negotiator. If one has only 2500 to put into a futures acct, save $1500, put 1000 into a forex acct and you can trade micro lots which are increments of 10 cents! That means on 15 min bars you can have a 20-30 pip stop and only lose 2 or 3 dollars when starting out!!!! I promise anyone here, youll feel just as happy winning $3 on a 30 pip win, than winning $100 on a futures trade. know why? No stress! And you know that whenever your ready yopu can go to 2 then 3 then 4 then 10 micro lots at 10 cents each. you control how much you put in. A good suggestion for people like myself who are fibonacci players is to go in with 3 contracts, that will be 30 cents eacxh tick, and peel one off at target one, peel one off at target 2 and another________???????(whenever you want!) so a 30 pip trade costs you at most 9 dollars!!!! and youll have a lot of fun. $2500 ISNT MUCH FOR FUTURES ESPECIALLY IF YOU have a system that requires more than 1 lot or 1 contract to be used at one time.

 

good luck.

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Well, I'm not going to do any live trading until I can consistently profit in simulated trading with the same margins and commissions I'd be using live. So that 2.5k may never get touched at all. :embarassed:

 

And yeah, at this point I'm not even doing that much sim-trading. I'm just backtracing all the historical data I have like watching a movie, and devouring any reading materials and theory I can find.

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Well, I'm not going to do any live trading until I can consistently profit in simulated trading with the same margins and commissions I'd be using live. So that 2.5k may never get touched at all. :embarassed:

 

And yeah, at this point I'm not even doing that much sim-trading. I'm just backtracing all the historical data I have like watching a movie, and devouring any reading materials and theory I can find.

 

That is also my philosophy. Cheers

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That is also my philosophy. Cheers

 

Don't forget the slippage! If you system can hand the fact that your $100 position is really $100.10 when it fills and sells at $99.90.... Then it might work.

 

Paper trades never show you the bad fill...

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    • Date: 18th April 2024. Market News – Stock markets benefit from Dollar correction. Economic Indicators & Central Banks:   Technical buying, bargain hunting, and risk aversion helped Treasuries rally and unwind recent losses. Yields dropped from the recent 2024 highs. Asian stock markets strengthened, as the US Dollar corrected in the wake of comments from Japan’s currency chief Masato Kanda, who said G7 countries continue to stress that excessive swings and disorderly moves in the foreign exchange market were harmful for economies. US Stockpiles expanded to 10-month high. The data overshadowed the impact of geopolitical tensions in the Middle East as traders await Israel’s response to Iran’s unprecedented recent attack. President Joe Biden called for higher tariffs on imports of Chinese steel and aluminum.   Financial Markets Performance:   The USDIndex stumbled, falling to 105.66 at the end of the day from the intraday high of 106.48. It lost ground against most of its G10 peers. There wasn’t much on the calendar to provide new direction. USDJPY lows retesting the 154 bottom! NOT an intervention yet. BoJ/MoF USDJPY intervention happens when there is more than 100+ pip move in seconds, not 50 pips. USOIL slumped by 3% near $82, as US crude inventories rose by 2.7 million barrels last week, hitting the highest level since last June, while gauges of fuel demand declined. Gold strengthened as the dollar weakened and bullion is trading at $2378.44 per ounce. Market Trends:   Wall Street closed in the red after opening with small corrective gains. The NASDAQ underperformed, slumping -1.15%, with the S&P500 -0.58% lower, while the Dow lost -0.12. The Nikkei closed 0.2% higher, the Hang Seng gained more than 1. European and US futures are finding buyers. A gauge of global chip stocks and AI bellwether Nvidia Corp. have both fallen into a technical correction. The TMSC reported its first profit rise in a year, after strong AI demand revived growth at the world’s biggest contract chipmaker. The main chipmaker to Apple Inc. and Nvidia Corp. recorded a 9% rise in net income, beating estimates. 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: 17th April 2024. Market News – Appetite for risk-taking remains weak. Economic Indicators & Central Banks:   Stocks, Treasury yields and US Dollar stay firmed. Fed Chair Powell added to the recent sell off. His slightly more hawkish tone further priced out chances for any imminent action and the timing of a cut was pushed out further. He suggested if higher inflation does persist, the Fed will hold rates steady “for as long as needed.” Implied Fed Fund: There remains no real chance for a move on May 1 and at their intraday highs the June implied funds rate future showed only 5 bps, while July reflected only 10 bps. And a full 25 bps was not priced in until November, with 38 bps in cuts seen for 2024. US & EU Economies Diverging: Lagarde says ECB is moving toward rate cuts – if there are no major shocks. UK March CPI inflation falls less than expected. Output price inflation has started to nudge higher, despite another decline in input prices. Together with yesterday’s higher than expected wage numbers, the data will add to the arguments of the hawks at the BoE, which remain very reluctant to contemplate rate cuts. Canada CPI rose 0.6% in March, double the 0.3% February increase BUT core eased. The doors are still open for a possible cut at the next BoC meeting on June 5. IMF revised up its global growth forecast for 2024 with inflation easing, in its new World Economic Outlook. This is consistent with a global soft landing, according to the report. Financial Markets Performance:   USDJPY also inched up to 154.67 on expectations the BoJ will remain accommodative and as the market challenges a perceived 155 red line for MoF intervention. USOIL prices slipped -0.15% to $84.20 per barrel. Gold rose 0.24% to $2389.11 per ounce, a new record closing high as geopolitical risks overshadowed the impacts of rising rates and the stronger dollar. Market Trends:   Wall Street waffled either side of unchanged on the day amid dimming rate cut potential, rising yields, and earnings. The major indexes closed mixed with the Dow up 0.17%, while the S&P500 and NASDAQ lost -0.21% and -0.12%, respectively. Asian stock markets mostly corrected again, with Japanese bourses underperforming and the Nikkei down -1.3%. Mainland China bourses were a notable exception and the CSI 300 rallied 1.4%, but the MSCI Asia Pacific index came close to erasing the gains for this year. 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.vvvvvvv
    • 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’
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