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.

Recommended Posts

Hi Blowfish

 

The idea of a vendor rejoining the community under a new username as a non vendor was for someone who wished to become a non selling member of the community in the future.

 

The community's perception of the possible/probable intentions of that vendor member would always be different from those of a non selling member as long as they stayed on as a vendor member.

 

In labeling vendors the intention is not to place them under any suspicion, as you've humorously mentioned the placement of a skull and cross bones, potentially alluding to them as thieves or cheats. The intention of labeling is to stress the possible/probable difference in intentions they may have from those of non vending members.

 

I think you'd agree this is a good thing and has been long overdue.

 

That might of been the idea but that was not what you said originally :). What you originally said had nothing to do with a vendor re-joining the community (I guess the discussion subsequently moved on). What you actually said was

You must admit it's a little strange that the website where you sell your education is easily found by googling "wrbtrader", which is your username here at TL.

For a vendor just wishing to move in and out of the forum in a non-promotional way, why don't you just change your username to be completely separate from any of your selling endeavours.

 

Are you suggesting vendors post in complete anonymity? Of course not (though I suspect the unscrupulous ones create accounts to do just that). That is completely contradictory to your (very credible) endeavour.

Share this post


Link to post
Share on other sites
Hi wrbtrader

 

Why in the world are you so concerned about wearing a vending label when that is exactly what you do? Be proud of it and see it as a business opportunity!! Perhaps the quality of your posts will bring you new found success.

 

 

I am not sure why I am getting involved, maybe it's because you are using somewhat dubious tactics in your campaign :) It is a pet peeve when people use logical fallacies or just plain bending of the truth to further their agenda. I wonder if it is intentional or that you might just have lost sight of what has been previously said? I suggest you re-read his original post. if you read that (and subsequent) posts to the thread it is crystal clear that he is not concerned with 'wearing a vending label'. Quite the reverse. You do your cause no favours by misrepresenting people.

 

As an aside I think I'll buy Marks stuff. Over the many many years that I have enjoyed his posts I did not realise that he had a paid offering, thank you for outing him (sincerely). I was genuinely unaware that he had collated his stuff into a paid package. It's something I'd like to read, price action, costs about the same as a (modest) dinner for two, and a guy who's posts are eloquent and informed.

Share this post


Link to post
Share on other sites

Just remember this...we (you and I) are part of the community. If we don't get along and the same with others, there's really no community worth visiting because its just a pissing match as noted by many value members (non vendors) that no longer visit TL. Thus, it's really not about vendors that's driving away members from the community and that's an entirely different cup of tea involving non vendors in the community. :helloooo:

 

Amen - I think we've discussed this topic long enough. Once I am back from vacation the last week of Sept (on my way to Vienna then Salsburg and then Munich if anyone cares!) we are going to add the icon and then close this thread so that everyone can get back to discussing trading. :)

 

thanks,

MMS

Share this post


Link to post
Share on other sites
I am not sure why I am getting involved, maybe it's because you are using somewhat dubious tactics in your campaign :) It is a pet peeve when people use logical fallacies or just plain bending of the truth to further their agenda. I wonder if it is intentional or that you might just have lost sight of what has been previously said? I suggest you re-read his original post. if you read that (and subsequent) posts to the thread it is crystal clear that he is not concerned with 'wearing a vending label'. Quite the reverse. You do your cause no favours by misrepresenting people.

 

As an aside I think I'll buy Marks stuff. Over the many many years that I have enjoyed his posts I did not realise that he had a paid offering, thank you for outing him (sincerely). I was genuinely unaware that he had collated his stuff into a paid package. It's something I'd like to read, price action, costs about the same as a (modest) dinner for two, and a guy who's posts are eloquent and informed.

 

 

Hi wrbtrader

 

So, enough said! This gentleman is going to purchase your trading education!!! By becoming labeled and being informative you've found a client. I said so from the 1st or 2nd page that this could be a goldmine for a vendor who provides both good trading theory and a good product, perhaps that vendor is you!!

 

You're welcome!

Share this post


Link to post
Share on other sites
I am not sure why I am getting involved, maybe it's because you are using somewhat dubious tactics in your campaign :) It is a pet peeve when people use logical fallacies or just plain bending of the truth to further their agenda. I wonder if it is intentional or that you might just have lost sight of what has been previously said? I suggest you re-read his original post. if you read that (and subsequent) posts to the thread it is crystal clear that he is not concerned with 'wearing a vending label'. Quite the reverse. You do your cause no favours by misrepresenting people.

 

As an aside I think I'll buy Marks stuff. Over the many many years that I have enjoyed his posts I did not realise that he had a paid offering, thank you for outing him (sincerely). I was genuinely unaware that he had collated his stuff into a paid package. It's something I'd like to read, price action, costs about the same as a (modest) dinner for two, and a guy who's posts are eloquent and informed.

 

Hi Blowfish

 

With all of the efforts put forward to make this change, your concern is about 1. my use of dubious tactics; 2.my use of logical fallacies 3. my bending of the truth 4. the furthering of my agenda and 5. my misrepresentation of people.

 

You must make for a very high maintenance relationship. Get your head out of the clouds and just say, thanks!! The change which a lot of us, including you, have been wanting is about to come. It's not "my cause" it's for the good of this community.

Share this post


Link to post
Share on other sites

There is nothing exclusive in this search to identify vendors. All members are welcome to help. Please let us know if you've found a TL member attempting to sell you or others anything on or off this site.

 

 

Our vendor list with names product and price:

 

alleyb / trading site mentorship / $800 per year

asiaforexmentor / trading education / $399 course $8497 personal coaching

Dbphoenix / ebook / $30

Dionysus Toast / indicator package / $249

doubletop11 / indicator package / $1000 per year

Eiger / mentorship courses / $69 - $1199

electroniclocal / 3 day seminar / $5000

Fulcrum Trader /training & chatroom /$97 per month chat & $397 - $697 training

Lil Miss Markets / sector specific trade alerts / unknown, through email only

Logic / manual / $750

lrushing / trading education / $37.00 per month

nhallett / 5 hour course / $297

NihabaAshi & wrbtrader / training / $193 - $473

Plugger / trading program / $1997

Predictor / manual and mentorship / unknown, through email add only

Rande Howell / multi media courses + 10 personal sessions / $ 2997

RicyBS / trading program / unknown, through email only

steve46 / daily coaching / $200 per month

swisstrader / multicharts package/ free - $9990

TheRumpledOne / indicators / $50

thetradingdoctor / coaching/ $250.00 per 50 min

Tim Racette / ebook / $49.95

tjnoon / trading system / unknown, through email only

tradingadvantagetm / training / unknown, through email add only

Urma Blume / tradestation inducator package addon / $1400 per year

windsurfer / trading program / $50 per month

xkr1962 / training & mentorship / $8000 - $16,000

 

 

 

 

 

 

I will post the others after discovering what they are trying to sell and for how much. Thanks

Share this post


Link to post
Share on other sites
Hi Blowfish

 

With all of the efforts put forward to make this change, your concern is about 1. my use of dubious tactics; 2.my use of logical fallacies 3. my bending of the truth 4. the furthering of my agenda and 5. my misrepresentation of people.

 

You must make for a very high maintenance relationship. Get your head out of the clouds and just say, thanks!! The change which a lot of us, including you, have been wanting is about to come. It's not "my cause" it's for the good of this community.

 

So it's OK to completely mis represent someone? The ends justify the means right?

 

You use more fallacy in your reply. You choose to attack me (head in the clouds, high maintenance). Rather than comment on my point. Look up ad hominem, essentially you attack the arguer rather than the argument. You also choose to use 'the efforts' to justify your misrepresentation (tacitly taking credit for the upcoming change).

 

Let be quite clear. - You where dishonest -. Whether that is to further your agenda or a genuine mistake only you know. I find the latter increasingly unlikely seeing how active you have been in this thread, also the fact that you choose to go to war (attack me, defend your statements) rather than simply apologise or acknowledging an error further supports the premise that this dishonesty was intentional.

 

You want my thanks? No. You have my sympathy, in my experience unless one is logically scrupulous and brutally honest with oneself it makes it hard to do well at the retail end of this business.

 

You want honesty and transparency from vendors, I would like to see that from all posters.

 

 

 

 

edit: PS good job on maintaining the list. that was never in question.

Share this post


Link to post
Share on other sites
So it's OK to completely mis represent someone? The ends justify the means right?

 

You use more fallacy in your reply. You choose to attack me (head in the clouds, high maintenance). Rather than comment on my point. Look up ad hominem, essentially you attack the arguer rather than the argument. You also choose to use 'the efforts' to justify your misrepresentation (tacitly taking credit for the upcoming change).

 

Let be quite clear. - You where dishonest -. Whether that is to further your agenda or a genuine mistake only you know. I find the latter increasingly unlikely seeing how active you have been in this thread, also the fact that you choose to go to war (attack me, defend your statements) rather than simply apologise or acknowledging an error further supports the premise that this dishonesty was intentional.

 

You want my thanks? No. You have my sympathy, in my experience unless one is logically scrupulous and brutally honest with oneself it makes it hard to do well at the retail end of this business.

 

You want honesty and transparency from vendors, I would like to see that from all posters.

 

 

 

 

edit: PS good job on maintaining the list. that was never in question.

 

Hi Blowfish,

 

Fair enough, I'll argue with your argument and not you. I have certainly not completely misrepresented our vendor friend, wrbtrader. He is a vendor who wishes to be labeled as a "non selling vendor" and who desires that other vendors who have been proven to be sellers to be labeled as "selling vendors" as per post #241. To him this distinction seems of great importance, to me it is not. His argument should be with the moderator and not with me.

 

By being labeled at all he has found a new client in you and I hope that you enjoy what he offers and that he appreciates what you give him in return!

 

The "ends" you speak of were already accomplished before our vendor friend and myself continued to disagree with / misunderstand one another. No one had anything else to prove, so our disagreement could go forward as an honest one with no "ends" in sight.

 

Your character assessment of me concerns the following 1. my use of dubious tactics; 2.my use of logical fallacies 3. my bending of the truth 4. the furthering of my agenda 5. my misrepresentation of people and 6.my intentional dishonesty. Please tell me how I have shown each of these and I will in turn reply to your charges.

 

In your post # 252 & #260 you saw fit to attack my character without specificity, I would appreciate it if you would now take the time to attempt to prove these charges as being true.

 

Blowfish, I neither want your thanks or your sympathy. By nature this community is a laboratory, good arguments will stand and poor ones won't, that's the nature of good science. Put forward your argument.

Share this post


Link to post
Share on other sites

Well I guess we should leave it at that, we have both stated our positions and anyone who cares (no one I imagine!!) can see exactly what was said and what was not. Keep up the good work on the list. :)

Share this post


Link to post
Share on other sites
Well I guess we should leave it at that, we have both stated our positions and anyone who cares (no one I imagine!!) can see exactly what was said and what was not. Keep up the good work on the list. :)

 

Hi Blowfish,

 

There's no need to malign and run. Sit down, stay awhile, put your feet up and just start typing away. I certainly care what you think. See me as a party of one who is deeply interested in why you consider me to be a liar!!

Share this post


Link to post
Share on other sites

His first post to thread is here http://www.traderslaboratory.com/forums/general-discussion/10633-vendors-vendors-vendors-16.html#post126583 Seems pretty clear to me that he has absolutely no problem whatsoever being identified as 'a vendor' not what you say in later posts. QED.

 

Lets leave it, really it serves no purpose bickering and I don't have the time or inclination to go through quote by quote. The marvels of the interweb means anyone can see who said what and when. I'll continue in PM's if you like but reserve the right to agree to disagree and duck out!! Edit; btw I was very careful to not use the L word it is pretty emotive.

 

As an aside, two or three posts later you thank him for "being so transparent" in that same short post you also say " It's a strange thing when even a vendor wants identification on the site. " That is a telling statement to me, it seems like you attach stigma to any sort of vendor and it would imply that you do not simply want to name but to name and shame. I may be wrong but it seems like you have a negative view of all vendors?

 

Take a look at the Whyckoff section here, It is probably the best resource on his work bar none (including expensive courses). It is possible one of the best bodies of work on any single coherent trading approach. That would simply not exist if DB had been hounded out for being the vendor of a $40 ebook. (He has previously left other venues for less). WRBTraders posts I have enjoyed for what must be a decade (I guess), I honestly (you can believe me or not) did not know that he offered paid for material. I guess all I am saying is all vendors are not equal, they are certainly not all 'bad' and it would be foolish to discount pearls of wisdom they have given away just because they sell something.

Share this post


Link to post
Share on other sites
His first post to thread is here http://www.traderslaboratory.com/forums/general-discussion/10633-vendors-vendors-vendors-16.html#post126583 Seems pretty clear to me that he has absolutely no problem whatsoever being identified as 'a vendor' not what you say in later posts. QED.

 

Lets leave it, really it serves no purpose bickering and I don't have the time or inclination to go through quote by quote. The marvels of the interweb means anyone can see who said what and when. I'll continue in PM's if you like but reserve the right to agree to disagree and duck out!! Edit; btw I was very careful to not use the L word it is pretty emotive.

 

As an aside, two or three posts later you thank him for "being so transparent" in that same short post you also say " It's a strange thing when even a vendor wants identification on the site. " That is a telling statement to me, it seems like you attach stigma to any sort of vendor and it would imply that you do not simply want to name but to name and shame. I may be wrong but it seems like you have a negative view of all vendors?

 

Take a look at the Whyckoff section here, It is probably the best resource on his work bar none (including expensive courses). It is possible one of the best bodies of work on any single coherent trading approach. That would simply not exist if DB had been hounded out for being the vendor of a $40 ebook. (He has previously left other venues for less). WRBTraders posts I have enjoyed for what must be a decade (I guess), I honestly (you can believe me or not) did not know that he offered paid for material. I guess all I am saying is all vendors are not equal, they are certainly not all 'bad' and it would be foolish to discount pearls of wisdom they have given away just because they sell something.

 

How nice for you to make public allegations against another mans character and then to decide it would be best to continue forward using PM. Perhaps your allegations should have been made through PM.

 

You obviously had the time it took to publicly define me as a liar through my alleged 1. use of dubious tactics; 2. use of logical fallacies 3. bending of the truth 4. furthering of my agenda 5. misrepresentation of people and 6.intentional dishonesty. Please tell me how I have shown each of these and I will in turn reply to your charges.

 

In this case bickering will serve a purpose, my own defense!! Explain the reasons for your allegations or apologize publicly.

Edited by clmacdougall

Share this post


Link to post
Share on other sites

I think you two are just hung up on semantics.

 

Both of you have stated your feelings/position at least once. We can carry on without repeating them again.

Share this post


Link to post
Share on other sites

EasyTrader_I

 

EasyLanguage programming service - $30/hr

 

he used to have his ad on the status line

he also stated this in one of his posts... don't have the link at the moment, but I am sure it is there.

Share this post


Link to post
Share on other sites
I think you two are just hung up on semantics.

 

Both of you have stated your feelings/position at least once. We can carry on without repeating them again.

 

Thanks Tams, maybe your right. Although somehow I think I've heard those wise words somewhere before!;)

 

It always took my older brother to drag me out of stupid fights I would get into. I appreciate your efforts!

Share this post


Link to post
Share on other sites
If you see a lemonade stand, please call police.

 

If it was your lemonade stand, I probably would. ;) Just kidding zdo. I appreciate the abstract sense of defining education and learning which you offer, it helps me to see things in a new light. Forgive me for taking myself too seriously at times.

 

What I wouldn't give to see a list of your favorite trading related books. Oh well I've tried before to no avail.

Share this post


Link to post
Share on other sites
If you see a lemonade stand, please call police.

 

This actually happened in USA a few times;

the police fined the kids for having a lemonade stand without license.

It was on CNN.

Share this post


Link to post
Share on other sites

There is nothing exclusive in this search to identify vendors. All members are welcome to help. Please let us know if you've found a TL member attempting to sell you or others anything on or off this site.

 

 

Our vendor list with names product and price:

 

alleyb / trading site mentorship / $800 per year

asiaforexmentor / trading education / $399 course $8497 personal coaching

Dbphoenix / ebook / $30

Dionysus Toast / indicator package / $249

doubletop11 / indicator package / $1000 per year

EasyTrader_I / programming service / $30 per hour

Eiger / mentorship courses / $69 - $1199

electroniclocal / 3 day seminar / $5000

Fulcrum Trader /training & chatroom /$97 per month chat & $397 - $697 training

Lil Miss Markets / sector specific trade alerts / unknown, through email only

Logic / manual / $750

lrushing / trading education / $37 per month

nhallett / 5 hour course / $297

NihabaAshi & wrbtrader / training / $193 - $473

Plugger / trading program / $1997

Predictor / manual and mentorship / unknown, through email add only

Rande Howell / multi media courses + 10 personal sessions / $ 2997

RicyBS / trading program / unknown, through email only

steve46 / daily coaching / $200 per month

swisstrader / multicharts package/ free - $9990

TheRumpledOne / indicators / $50

thetradingdoctor / coaching/ $250 per 50 min

Tim Racette / ebook / $49

tjnoon / trading system / unknown, through email only

tradingadvantagetm / training / unknown, through email add only

Urma Blume / tradestation inducator package addon / $1400 per year

windsurfer / trading program / $50 per month

xkr1962 / training & mentorship / $8000 - $16,000

 

 

 

I will post the others after discovering what they are trying to sell and for how much. Thanks

Share this post


Link to post
Share on other sites
How nice for you to make public allegations against another mans character and then to decide it would be best to continue forward using PM. Perhaps your allegations should have been made through PM.

 

You obviously had the time it took to publicly define me as a liar through my alleged 1. use of dubious tactics; 2. use of logical fallacies 3. bending of the truth 4. furthering of my agenda 5. misrepresentation of people and 6.intentional dishonesty. Please tell me how I have shown each of these and I will in turn reply to your charges.

 

In this case bickering will serve a purpose, my own defense!! Explain the reasons for your allegations or apologize publicly.

 

If I didn't know anything about what had occurred in this thread and had saw your post above as the very second read to someone's opening statement in a thread about vendors...I would have thought you were a vendor with that statement and that blowfish was the vendor basher. :rofl:

 

...I will also be moving offending posts here so people can continue those discussions outside of the main thread.

 

thanks!

MMS

 

Also, the above quote from the thread starter/moderator MadMarketScientist reveals many things about nature or character of this thread which leads me to say that it's threads like this that eventually becomes an eye sore for the community considering an "Official List" can easily be maintained by TL management itself (not by a member) that doesn't allows replies...similar to other forums. Simply, names can easily be added to the list via members sending private messages to MMS with proof that a user name is a vendor.

 

Thus, the community gets its transparency without the bickering and pissing competitions like this that slowly drives away away members to other places online. I've now made my recommendations publicly and privately to MMS...he now has the ball and I'm curious to see what he does to fix things that's obviously still problematic for all members.

 

Take care all and my last post in this thread. Good trading to all.

Edited by wrbtrader

Share this post


Link to post
Share on other sites

There are 3 types of non-sponsor vendors who frequent discussion forums like this one:

 

The first type are the snake oil salemen, scammer, also known as spammers.

 

they would make innocent looking posts like this:

 

Can anybody recommend a good forex EA?

(next post some 1st timer puts up an URL with raving review)

 

ABC newsletter makes very accurate calls. Last week they made $XXXXX !!!

 

My friend bought XYZ system and he is making a killing

 

Second type of vendors, although they are non-sponsors, made it known that they are vending, because they have their business name in the tag line, or somewhere easily identifiable.

 

Third type of vendors are stealth vendors. They hide the fact that they are vending. They post fancy charts to entice you, or to discuss their method in great length, but without really disclosing their method. It is when you are hooked, then they would say,

... my software is available for $1,400 per year, or

... I am starting a new class next month, or

... you can come to my blog.

 

 

The first type of vendors' posts get deleted almost immediately; you seldom see them.

 

The second type is not my business; MMM can do whatever he wants.

 

It is the third type that is most disturbing to us.

 

 

 

if you are not doing any of the above, you are not a "non-sponsoring vendor" in my eyes.

Edited by Tams

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Topics

  • Posts

    • also ... and barely on topic... Winners (always*) overpay. Buying the dips is a subscription to the belief that winners win by underpaying - when in actuality winners (inevitably/always*) win by overpaying... it’s amazing the percentage of traders who think winners win by underpaying ... “Winners (always*) overpay.” ...  One way to implement this ‘belief’ is to only reenter when prices have emphatically resumed the 'trend' .   (Fwiw, While “Winners (always*) overpay.” holds true in most endeavors (relationships, business, sports, etc...) - “Winners (always*) overpay.”  is especially true for auctions... continuous auctions included.)
    • re:  "Does it make sense to always buy the dips?  “Buy the dip.”  You hear this all the time in crypto investing trading speculation gambling. [zdo taking some liberties] It refers, of course, to buying more bitcoin (or digital assets) when they go down in price: when the price “dips.” Some people brag about “buying the dip," showing they know better than the crowd. Others “buy the dip” as an investment strategy: they’re getting a bargain. The problem is, buying the dip is a fallacy. You can’t buy the dip, because you can't see the total dip until much later. First, I’ll explain this in a way that will make it simple and obvious to you; then I’ll show you a better way of investing. You Only Know the Dip in Hindsight When people talk about “buying the dip,” what they’re really saying is, “I bought when the price was going down.” " ... example of a dip ... 
    • Date: 19th April 2024. Weekly Commodity Market Update: Oil Prices Correct and Supply Concerns Persist.   The ongoing developments in the Middle East sparked a wave of risk aversion and fueled supply concerns and investors headed for safety. Hopes for imminent rate cuts from the Federal Reserve diminish while attention is now turning towards the demand outlook. The Gold price hit a high of $2417.89 per ounce overnight. Sentiment has already calmed down again and bullion is trading at $2376.50 per ounce as haven flows ease. Oil prices initially moved higher as concern over escalating tensions with the WTI contract hit a session high of $85.508 per barrel overnight, before correcting to currently $81.45 per barrel. Oil Prices Under Pressure Amid Middle East Tensions Last week, commodity indexes showed little movement, with Oil prices undergoing a slight correction. Meanwhile, Gold reached yet another record high, mirroring the upward trend in cocoa prices. Once again today, USOil prices experienced a correction and has remained under pressure, retesting the 50-day EMA at $81.00 as we moving into the weekend. Hence, despite the Israel’s retaliatory strike on Iran, sentiments stabilized following reports suggesting a measured response aimed at avoiding further escalation. Brent crude futures witnessed a more than 4% leap, driven by concerns over potential disruptions to oil supplies in the Middle East, only to subsequently erase all gains. Similarly with USOIL, UKOIL hovers just below $87 per barrel, marginally below Thursday’s closing figures. Nevertheless, volatility is expected to continue in the market as several potential risks loom:   Disruption to the Strait of Hormuz: The possibility of Iran disrupting navigation through the vital shipping lane, is still in play. The Strait of Hormuz serves as the Persian Gulf’s primary route to international waters, with approximately 21 million barrels of oil passing through daily. Recent events, including Iran’s seizure of an Israel-linked container ship, underscore the geopolitical sensitivity of the region. Tougher Sanctions on Iran: Analysts speculate that the US may impose stricter sanctions on Iranian oil exports or intensify enforcement of existing restrictions. With global oil consumption reaching 102 million barrels per day, Iran’s production of 3.3 million barrels remains significant. Recent actions targeting Venezuelan oil highlight the potential for increased pressure on Iranian exports. OPEC Output Increases: Despite the desire for higher prices, OPEC members such as Saudi Arabia and Russia have constrained output in recent years. However, sustained crude prices above $100 per barrel could prompt concerns about demand and incentivize increased production. The OPEC may opt to boost oil output should tensions escalate further and prices surge. Ukraine Conflict: Amidst the focus on the Middle East, markets overlooking Russia’s actions in Ukraine. Potential retaliatory strikes by Kyiv on Russian oil infrastructure could impact exports, adding further complexity to global oil markets.   Technical Analysis USOIL is marking one of the steepest weekly declines witnessed this year after a brief period of consolidation. The breach below the pivotal support level of 84.00, coupled with the descent below the mid of the 4-month upchannel, signals a possible shift in market sentiment towards a bearish trend reversal. Adding to the bearish outlook are indications such as the downward slope in the RSI. However, the asset still hold above the 50-day EMA which coincides also with the mid of last year’s downleg, with key support zone at $80.00-$81.00. If it breaks this support zone, the focus may shift towards the 200-day EMA and 38.2% Fib. level at $77.60-$79.00. Conversely, a rejection of the $81 level and an upside potential could see the price returning back to $84.00. A break of the latter could trigger the attention back to the December’s resistance, situated around $86.60. A breakthrough above this level could ignite a stronger rally towards the $89.20-$90.00 zone. 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 perfrmance 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: 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
×
×
  • Create New...

Important Information

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