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mslk

Is It Time to Give Up and Join 90% of “losers”?

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As committed and dedicated as I was - after 4 years pursuing Automated Strategies (total 9 years active in Forex, with primary focus on day-trading, both mean-reverse and trend-following) I am finally ready to give up. About $100K spent, over 20 various ideas for Algo explored (programmed and tested – both back-test and forward-test, both demo and real, both domestic bank and international prime-broker, etc. - you name it), but eventually all failed, or seem so.

 

Was it (i) wrong market selection, or

(ii) bad ideas for Algo in essence, or

(iii) wrong targets and too high expectations, or

(iv) technology/platforms shortfalls, or

(v) absence of clear and transparent performance/quality evaluation criteria, as well as similar criteria for the progress of the entire Project, or

(vi) poor terms definitions and lack of understanding/communications with investors, or

(vii) just myself not being smart enough, or

could be a combination of all above -- one way or another I have finally hit a threshold.

 

So at this point would greatly appreciate an advice – double the efforts and keep digging in (?), or quit it for good and forget it as a worst nightmare (?).

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If you're pursuing the wrong markets in the wrong way with the wrong objectives, digging in probably won't help much, not after four years.

 

Perhaps you should ask yourself why you got into trading in the first place. Are you interested in pursuing a strategy that isn't automated? Or even mechanical? Are you interested in pursuing some other market, something that you actually know something about (assuming you're not a banker or some other sort of currency specialist)?

 

Ordinarily I'd read somebody's past posts to get an idea of who they are and what they want, but you've got 119 of them, so forgive me if I don't take that time. But if your objectives and desires have changed, they may not be pertinent anyway other than to remind you of your regrets. If you want to pursue a different course, you can put all that behind you. But you must first determine just what it is you've learned, if anything, from the experience.

A losing trader can do little to transform himself into a winning trader. A losing trader is not going to want to transform himself. That’s the kind of thing winning traders do.

-- Ed Seykota

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Ed Seykota said some very interesting things about trading, and many think him eccentric (and they are being kind)....I like the guy. If you really consider what he is saying and then ask yourself whether you are ready to LEAVE BEHIND HASN'T WORKED AND START NEW then you MIGHT have a chance...not a great chance, not a good chance but what we used to call a "fighting chance"

 

I was doing some research for my next class and found the following data from the US Small Business Administration; Here is just a small part of what I learned;

 

(Assuming you agree that trading is a business)

 

About 10% of all new business fail within the first year

Approximately 50% are still in business after 5 years

2/3rds of all small businesses fail within 10 years

 

and real question is why

 

Here are my answers

 

1.) Low barriers to entry....all you need to start a trading business is computer, an account, and a couple thousand dollars...that's all...and because the barriers are so low, there's a lot of competition

2) Lack of competitive advantage.....most new traders don't have an edge. Generally they misunderstand what an "edge" (a competitive advantage) is...they learn "by hard experience" that what they believe will work......doesn't....

3.)Lack of experience/or education....both are necessary and most new traders start without a basic understanding of the profession...

4)No business plan/no risk management plan....the basis of every business requires that the owner find a way to overcome expenses and make a profit...most folks either don't start with a viable plan OR they abandon it at crucial times, and that sinks their ship....

5)Unrealistic expectations......This profession, like any other requires skill, discipline and commitment to a common goal....it can take years just to acquire the experience and education necessary to compete successfully. It also takes sufficient capital and access to the right tools....lacking just one of these elements can mean failure...the most common failure is the belief "I'm the exception...I can make it without covering all the bases" OR (just as commonly)...."I'll take care of it later"....

 

If some of these things correspond to your situation, I suggest you take stock of your inner resources and ask yourself whether you have the energy to fix it, or start over and learn a new game....many of us go through the same process and it comes down to answering that same question....fix it, start over new or find a different game to play.......

 

Good luck

Steve

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As committed and dedicated as I was - after 4 years pursuing Automated Strategies (total 9 years active in Forex, with primary focus on day-trading, both mean-reverse and trend-following) I am finally ready to give up. About $100K spent, over 20 various ideas for Algo explored (programmed and tested – both back-test and forward-test, both demo and real, both domestic bank and international prime-broker, etc. - you name it), but eventually all failed, or seem so.

 

Was it (i) wrong market selection, or

(ii) bad ideas for Algo in essence, or

(iii) wrong targets and too high expectations, or

(iv) technology/platforms shortfalls, or

(v) absence of clear and transparent performance/quality evaluation criteria, as well as similar criteria for the progress of the entire Project, or

(vi) poor terms definitions and lack of understanding/communications with investors, or

(vii) just myself not being smart enough, or

could be a combination of all above -- one way or another I have finally hit a threshold.

 

So at this point would greatly appreciate an advice – double the efforts and keep digging in (?), or quit it for good and forget it as a worst nightmare (?).

 

I am making lots of assumptions here......

 

i) no such thing - some are just harder than others and require different strengths and styles that perform better. Sounds like if you tried them all you did not work out which style suits you, why it would work and how you would make it work. You should at least have one that you predominately favour, stuck with and prefer.

ii) should have been worked out in testing and shown to work, and shown to suit 1)

iii) wrong targets (if price targets -then testing a review should reveal this) if expectations then most likely yes - forget the BS - be realistic - be properly capitalised, get a good solid consistent return - not some BS shoot the lights out. This should all be part of why you are doing it. (I would not open a sandwich shop and think i will become a billionarie unless i have some usp to be able to turn it into a worldwide franchsie AFTER the first shop works)

iv) dont blame the tools - of if you are doing so then quit.

v) see iii

vi) WTF - are you trading for yourself or do you have a completely different business whereby you have to try and meet investor expectations as well.

vii) possibly - there is no shame in that.....and maybe your strengths are better suited elsewhere. Smarts are not required.

 

There is no shame in trying failing, learning and moving on. I worked out once very quickly i would hate to be a lawyer/salesperson/fundamental analyst (thank god it was a quick discovery)

Persistence and learning from mistakes is a good thing, persistence and repeating the same mistakes because you dont learn from failure is idiotic.

Maybe the mistake is not in your trading at all.

 

It also sounds if you were day trading for 9 years you dont need the money - or you were not really day trading......

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So at this point would greatly appreciate an advice – double the efforts and keep digging in (?), or quit it for good and forget it as a worst nightmare (?).

 

Did you actually lose money trading or did you get eaten alive by your transaction costs?

Big, big, difference.

 

You may be deciding to quit as a winning trader who over traded.

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Trading is a hard business. What I discovered is a consistency in identifying and entering good trades. However, once into a position, I failed miserably at managing it.

Emotions would override my trading rules, and I would take on too much risk and/or get out or a profitable position way too early. I battled this hit and miss form of breakeven trading for 10 years and often considered giving it up.

 

I then tried automation and found it too much of a challenge to program and automate my entry signals--as my rules relied on a variation of circumstances that is sometimes hard for me to even define, much less code. What I did find is a middle ground where I enter my trades manually and let the program sync to the broker positions and manage them accordingly. It is then a matter of allowing the program to do its job which I find easier and less stressful than doing it myself.

 

Once I coupled my entries to the software exits, I became profitable on a consistent basis.

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I don't know if the OP will be back or not, but for some reason this thread interests me, and I've reviewed his posts. While his story is hardly unique, the posts present what to some would be a fascinating look at how and when and where and why a journey goes wrong. If all beginners were to read it, they could very well save themselves a ton of money and time.

 

While some would claim that the problem lies within his brain stem, I suggest as always that the problem lies instead in the desire to trade somebody else's system in general and the lack of a trading plan in particular (and, no, trading somebody else's system is not a plan, at least a plan which will guide one toward success). And since developing and testing a plan is faster and cheaper than surgery or therapy, I suggest the plan route.

Edited by DbPhoenix
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...

 

So at this point would greatly appreciate an advice – double the efforts and keep digging in (?), or quit it for good and forget it as a worst nightmare (?).

 

mslk,

 

First things first…

"digging in"

vs

“ you have to be willing to sacrifice who you are for who you can become.” Dan Millman

 

First things first…

if your passion for trading is still high even in ‘failure’, then persist; ...else, get out.

 

 

… and re “persist”, in my observations of many traders across the years …

a losing trader works… develops… practices until he gets ‘it’ right (wot :confused:)

a trader transitioning from loser to winner works… develops… practices until he gets ‘it’ wrong

a winning trader works… develops… practices until he can’t get ‘it’ wrong

 

 

All the best... which ever way you go...

 

zdo

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As committed and dedicated as I was - after 4 years pursuing Automated Strategies (total 9 years active in Forex, with primary focus on day-trading, both mean-reverse and trend-following) I am finally ready to give up. About $100K spent, over 20 various ideas for Algo explored (programmed and tested – both back-test and forward-test, both demo and real, both domestic bank and international prime-broker, etc. - you name it), but eventually all failed, or seem so.

 

Was it (i) wrong market selection, or

(ii) bad ideas for Algo in essence, or

(iii) wrong targets and too high expectations, or

(iv) technology/platforms shortfalls, or

(v) absence of clear and transparent performance/quality evaluation criteria, as well as similar criteria for the progress of the entire Project, or

(vi) poor terms definitions and lack of understanding/communications with investors, or

(vii) just myself not being smart enough, or

could be a combination of all above -- one way or another I have finally hit a threshold.

 

So at this point would greatly appreciate an advice – double the efforts and keep digging in (?), or quit it for good and forget it as a worst nightmare (?).

 

I've been a lurker here for about 4 years now but given that the pain of loss and learning isn't that far in the past for me I feel compelled to respond to this. Based on what you've written it sounds like you've been focused mainly on the tertiary aspects of trading without ever having learned how to actually trade. That you were willing to give $100K to the market (all the professional traders thank you for this by the way) tells me you're trading entirely on hope and not on know-how. Forget about banks, algorithms, investors, platforms and the like, and focus on learning the market you're trading! If you can't open a chart of the eurusd (for example) and know why price turned where it did you have no business even thinking about the other stuff yet. Doubling your efforts on the things you have been focused on is just going to dig you into a deeper hole twice as fast. You need to commit and dedicate yourself to the thing that actually matters, learning as much about how and why price moves as you can. If you aren't willing to spend the time doing this, then yes, you should walk away.

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As committed and dedicated as I was - after 4 years pursuing Automated Strategies (total 9 years active in Forex, with primary focus on day-trading, both mean-reverse and trend-following) I am finally ready to give up. About $100K spent, over 20 various ideas for Algo explored (programmed and tested – both back-test and forward-test, both demo and real, both domestic bank and international prime-broker, etc. - you name it), but eventually all failed, or seem so.

 

Was it (i) wrong market selection, or

(ii) bad ideas for Algo in essence, or

(iii) wrong targets and too high expectations, or

(iv) technology/platforms shortfalls, or

(v) absence of clear and transparent performance/quality evaluation criteria, as well as similar criteria for the progress of the entire Project, or

(vi) poor terms definitions and lack of understanding/communications with investors, or

(vii) just myself not being smart enough, or

could be a combination of all above -- one way or another I have finally hit a threshold.

 

So at this point would greatly appreciate an advice – double the efforts and keep digging in (?), or quit it for good and forget it as a worst nightmare (?).

 

I've been a lurker here for about 4 years now but given that the pain of loss and learning isn't that far in the past for me I feel compelled to respond to this. Based on what you've written it sounds like you've been focused mainly on the tertiary aspects of trading without ever having learned how to actually trade. That you were willing to give $100K to the market (all the professional traders thank you for this by the way) tells me you're trading entirely on hope and not on know-how. Forget about banks, algorithms, investors, platforms and the like, and focus on learning the market you're trading! If you can't open a chart of the eurusd (for example) and know why price turned where it did you have no business even thinking about the other stuff yet. Doubling your efforts on the things you have been focused on is just going to dig you into a deeper hole twice as fast. You need to commit and dedicate yourself to the thing that actually matters, learning as much about how and why price moves as you can. If you aren't willing to spend the time doing this, then yes, you should walk away.

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– double the efforts and keep digging in (?)

 

No, insanity is expecting different results by doing the same thing over and over. I think you need time to rest, regroup and review. It would help to know what you are trading and where you are.

 

I personally would not trade Forex although some have success with it, I trade e-mini futures which covers just about everything.

 

You are the holy grail, you have to find a method that you believe in, even if it is as basic as a moving average crossover or a CCI cross (they both work, properly managed).

Start with a clean slate, be prepared, don't rush, let the trade come to you. If you fail, don't beat yourself up, move on. The psychological baggage will take time to overcome but you can make it. Most of all stop trading with real money. Paper trade until you are consistent, analyze your mistakes, overcome bad habits.

 

There are thousands of vendors out there selling systems and training, very few can be trusted in my book, most I think are just out to take your money.

 

.....or quit it for good and forget it as a worst nightmare (?).

 

There is nothing wrong with walking away for a while and quitting is not failure either. You may have to stop and work a while to build up your account, that is not failure.

 

Success:

 

Fall down 6 times,

get up 7 times.

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At some point in time most traders come to recognize the problem with their trading is them, not the platform or the methodology (particularly if you can sim trade profitably). Trading requires a very different kind of "success mind" than the "success mind" that drives success in professional careers and businiesses. But until you recognize the problem is not "out there" but "in there", you'll chase the Holy Grail and keep putting a dent into your capital. Developing the trading mind is moving from an urgent discipline (gotta be trading to make money) to a patient disipline that can wait for the trade to come to you rather than chase the trade.

 

MM also makes a very good point. Less is more. Over trading creates enormous costs to over come.

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I was once like you. Not so much on the automated tradings robots and such but, on the side of trading for about 5 years and still losing lots of money consistently. Two phrases I came across about 2 years ago changed everything for me:

 

1) "Failure is not defeat until you stop trying" Got that gem in a fortune cookie"

 

2) " True genius resides in simplicity" read this in a book.

 

Once I embraced both of these everything changed for me.

 

I stopped "looking" for a way to trade the market , I let the market show me the best way. I know this may not make sense but It has worked for me. I am now profitable with no indicators, robots or anything like that at all just price action and nothing more......Simple.

 

My best advice is to open up a live chart with nothing on it but price and just watch and study it. It may take a few weeks, months or even years but, if you have the patience the answers will appear.....just keep thinking of saying number 2 and you will get it.

 

I wish you the best of luck.

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I suspect that advice given here is largely ignored.....Ed Seykota's quote (from DB's post) is pretty accurate....losers are losers because they define themselves in those terms.....winners have a positive self image and when THEY lose, they take the time to figure out why, then they go out and find the tools necessary to "transform" themselves (*back into winners....)

 

and although no one is going to pay much attention or give a damn, I have been there......and I know just how much pure hell it can be to have no idea of where to start to turn it around....like all things in life, you either rise to the occasion or you don't.

 

* I start out with the idea that we are all capable of being winners naïve I know but its my freakin life and that's how I choose to waste it....

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I suspect that advice given here is largely ignored.....Ed Seykota's quote (from DB's post) is pretty accurate....losers are losers because they define themselves in those terms.....winners have a positive self image and when THEY lose, they take the time to figure out why, then they go out and find the tools necessary to "transform" themselves (*back into winners....)

 

and although no one is going to pay much attention or give a damn, I have been there......and I know just how much pure hell it can be to have no idea of where to start to turn it around....like all things in life, you either rise to the occasion or you don't.

 

* I start out with the idea that we are all capable of being winners naïve I know but its my freakin life and that's how I choose to waste it....

 

I agree pretty much with everything you said here. I heard something about 6 years ago that reminds me of what you are saying....." The difference between successful people and unsuccessful people is that successful do what unsuccessful people are not willing to do"

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You might want to try breaking all the rules that most traders live by. For one month on a demo. Say using 2 to 4 contracts of something maybe an emini? Most lose anyway.

 

Just an idea..most would say a crazy idea. However you might be surprised with the results.

 

On a demo do things like average down your losses. Use no stop losses until have one half of your account is blown. That is, use none until you are left with 50% of your account...if that happens..

 

Catch falling knifes

 

Try to catch tops and bottoms.

 

Generally just break all the rules you know about.

 

I know..i am crazy......:rofl: :rofl: :rofl:

 

report back.....:cool:

 

REMEMBER ON A DEMO ONLY...

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Changed my mind with regard to my post

 

If a person feels that they have given it their "all"...then try something else

 

If a person feels down and depressed and has lost a lot of money.....I like to quote an old friend who said that "nothing is ever as good or as bad as it seems".....find a way to recoup your losses and live to fight another day.

 

Good luck

Edited by steve46

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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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