Gambling v Trading

20101118 Is there a difference? Tick charts of FCPO futures, Euro futures and gbpusd (fx) for this afternoon. Basically these are casinos... Third month Feb FCPO traed 24K+ contracts today, which I think is a record for single month.... talk about gambling...

20101026 1929 Cable is the one travelling on uptrend today...

20101026 1445 After the non follow through yesterday, eur and gbp brekas out on the 15 min chart.

20101024 1623 Euro and cable 15 min charts...

Leave emotion out of trading

20100930 1851 Cable 4 hour chart uptrend continues.... And just think back to a couple of weeks ago when dailyfx expert were calling for sell on rallies at 1.5650-1.5700...

Follow the cable story...

I have seen a lot in my years of trading. A trader may be experienced, but yet still make all the rookie errors:

make rude gestures with his fingers at the trading screen when prices turn against his position
Swearing at the imaginary manipulator who took his/her money, basically the original entry and setup was clouded by emotion and wrong anyway, but these traders think they are alays 'right'. Basically the trader is saying "my analysis and view is always right, but 'they' cause me to be wrong', basically not liesening to the market.

One would live life better and have no high blood pressure by not making these rookie mistakes.

20100927 1330 The Cable is consolidating.... might continue on its merry way?

SEMINAR? Only if there is demand. 2nd, 3rd Oct.

20100925 From Yahoo Finance, Stocks reignite gains as economic woes fade.

Some comments:

"Zahid Siddique, an associate portfolio manager at Gabelli Equity Trust Inc., said traders are only reacting to the latest news because there still isn't certainty about the pace of recovery.

"Based on the daily data they get, they move the market one way or another," Siddique said.?

I just wonder sometimes how the experts make these types of comments. Look at the attached 4 hour chart of the NDX (Nasdaq 100 index), it is clearly in an uptrend, rather than investors reacting day to day economic news....

The DDD (Doomsday Double Dipstickers) like Raubini are ducking for cover now.

Meanwhile, cable closes at the weekly closing high, longs should be maintained...

20100924 2041 The cable is making another move into new 4 hr highs....

20100924 1146 4 hr cable, reaches only 1.5740 before falling back. Still gestating.

Couple of days ago I received an invitation to be a guest speaker at a trader's preview session. If there are enough people interested, I might consider giving the talk. Interested? Leave a comment or email: emacro88@gmail.com

20100917 1425 Cable 4 hr, breakout in process.....

20100917 1220 Cable on breakout to next leg?

20100916 0752 Cable 30 min chart update...

20100915 2231 Cable makes a new high, a good sign, and eurjpy follows through after the BOJ intervention....

20100915 Cable 4 hr chart.... a long?

20100312 0935 But I think the ultimate support today might be 1310. Meanshile, eurusd is still on 60 min uptrend since the trendline break yesterday...

20100301 1613 Cable rebounds from the oversold ocnditions..

20100301 1119 Cable (gbpusd), we are stalking a possible long trade...

20100224 1618 We might get a reversal on gbp futures for the long trade...

20100222 2338 Cable moves to a new... but only just.

20100222 2134 A small follow through in cable....