And yeah the fractal market thing, I've argued about that here before

What are your favorite trading myths?

Moving your stoploss to breakeven. This basically means you put a buy order and a sell order in exactly the same place - when people do this, thinking they are right both times, it strikes me as bizarre. Also, once you are in a trade the market (and ...

What are your favorite trading myths?

Here is an example of a fundamental indicator I use to predict future monetary policy. (This one is slightly out of date, I haven't updated it for a few weeks) As you can see inflation has fallen below the ECB's target of just below 2% and trending ...

Economic Cycles and Monetary Policy

The first priority for any central bank is to make sure inflation doesn't get out of control. If inflation threatens to rise to out-of-control levels, that trumps everything else and the central bank will tighten monetary policy (raise interest ...

Economic Cycles and Monetary Policy

I have started reading while standing - just leaning against a wall. Kind of weird in the beginning but you soon get used to it. People who read a lot of self-help books but never seem to get around to following the advice offered in them, should ...

What do you think about a standing trading desk?

yup, not even a courtesy reacharound. Bastards.

Broker reverses $20K winning trades for alleged latency arbitrage

Time for something different... video

What kind of music you hear while you trade?

Fed will almost certainly start raising rates next year - if it doesn't it will face the threat of rising inflation. Before it hikes rates it needs to end QE, which has been winding down for some time now. Reducing bond purchases has the effect of ...

Why's USD so strong - will Fed raise interest rates?

The key thing with trade is not just the amount of goods being exported to China, it is the type of goods being exported. New Zealand exports a lot of basic foodstuffs to China - milk, cheese, meat and fruit etc.. China will keep importing those ...

Currencies affected by China's Economy

Australia exports a huge amount of minerals and construction materials to China, so changes in the Chinese economy (particularly growth related figures) have the biggest effect on AUD.

Currencies affected by China's Economy

I would be very happy with a trading system that could return a long term average of 20% pa. That is well ahead of any other investment class - if you can't get rich with that, you have other problems IMO.

Is a steady 20%/yr growth target enough for you?

Toby Crabel teaches a lot of this kind of stuff, PeterCrowns and TheRealThing brought some of it here -- search through their old posts. In the 70's and early 80's markets behaved a lot like you are describing -- people could, and did, make vast ...

Statistics of days of the week for trading

If I found the holy grail, first I would create a Trade Explorer. I would then open a new thread in Forex Factory, with Trade Explorer attached, dedicated to 'alternative' trading - astrology, psychic readings, tea leaf readings, tarot cards etc.. ...

What if someone finds the Holy Grail?

video

What kind of music you hear while you trade?

video

What kind of music you hear while you trade?

When you have a trade open, ask yourself this question: "If I had no positions right now, would I be happy to open a new trade in this direction?" If the answer is yes, stay in the trade. If the answer is no, it's time to exit.

Exit Strategies discussion

yeah definitely with ATO. Other jurisdictions can get funny if you are profiting from a hobby though.

Anyone registering trading as a business?