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- 154 Results (66 Replies, 88 Comments)
- Steve J replied Jun 17, 2015
At the end of the day one has to shrug one's shoulders and just make sure you're using money you can afford to lose. It hits you like a bolt between the eyes. You can be right and wrong at the same time in Forex. The GBP Claimant Count Change was ...
Cable Update (GBPUSD)
- Steve J replied Jun 12, 2015
At the end of the day one has to laugh! Always expect the unexpected in Forex! Both USA "high impact" results were in favour of dollar appreciation. First the PPI, followed one and-a-half hours later by the UoM. It was after the latter result that ...
Cable Update (GBPUSD)
- Steve J commented Jun 11, 2015
In Forex, always expect the unexpected! The market may or may not obey economic principles so one should be prepared for positive, negative or irrelevant news. Accounts should be financed adequately to withstand flux and lot volumes should be ...
Retail Sales Increase as U.S. Consumers Propel Growth Rebound
- Steve J replied Jun 10, 2015
Most esteemed Cablers, can anyone tell me why GBP is soaring to dizzy heights although the GBP Manufacturing Production result was not good? GBP is actually hitting nascent highs in spite of bad results. I just don't get it. Are we simply gambling ...
Cable Update (GBPUSD)
- Steve J replied Jun 9, 2015
JOLT report is out - good for the States and yet Gold menacingly hovers slap bang in the middle of the highest and lowest prices so far today. It's almost as if the yellow metal is beckoning us and saying: "step right this way ladies and gentlemen, ...
Only Gold!
- Steve J commented Jun 5, 2015
Nothing, absolutely nothing is going to intefere with my cup of hot chocolate and digestives today! I will wait till after the results to see the resultant juxtapositioning of products. I'm simply refusing to lose today. I'm in it to win it!
What To Expect From NFP? - Views From 17 Major Banks
- Steve J replied Jun 3, 2015
Wow! The sheer raw power of fundamental analysis when it works. GBPUSD and GBPJPY depreciated each by 800 pips in all of one second. The GBP Services PMI result really bites. I went from a losing position into profit in one swift second. If I could ...
Cable Update (GBPUSD)
- Steve J replied May 29, 2015
Yeah!....just keep on oiling the mean machine until the day it runs you over!
Oil and Natural Gas
- Steve J replied May 29, 2015
[quoti=yeniful;8292634]its not manipulated. oil is spiking bc funds are betting on it going up due to ISIS attacks and invasion of areas with key oil refineries in iraq. production in canada is being hit too with wild fires.... both are creating a ...
Oil and Natural Gas
- Steve J replied May 29, 2015
GDP prelim q/q figures were good for the dollar....it gained in strength. Yet the ballerina WTI Oil did the opposite of what was expected and appreciated in price. It is hard to trade when a commodity does not follow economic principles. It is ...
Oil and Natural Gas
- Steve J replied May 28, 2015
Come and see WTI Oil gliding like a ballerina from one extreme to the other! Zeniths and nadirs hit with ease; as if the distance between high and low is no distance at all. In one day hitting extremes twice, with even time for the odd pirouette ...
Oil and Natural Gas
- Steve J commented May 28, 2015
Well, you must have nerves of steel! Day trading just hasn't worked for me. Too many hairpin moves. For me it looks likely it is better to target a weekly scenario. Try to figure out from technical, fundamental and of course price action where the ...
US Unemployment Insurance Weekly Claims
- Steve J commented May 13, 2015
I'm not privvy to the profound details of the case but I'm certain that there are loopholes in the law that Martinez exploited so that he could get away with his 'meanderings.' Conversely, Smith was not as masterful or crafty so he became the fall ...
The Con Man and His Mentor
- Steve J commented Apr 24, 2015
We're not robots! You will never be able to erase emotion from trading. Furthermore the article pretends that the odds are not stacked against the trader. For instance, often after major news the market will move with alacrity in the opposite ...
10 Mental Errors Traders Make
- Steve J commented Apr 14, 2015
A classic novel for a classic country. Chairman Mao will be turning in his grave!
Jobless Chinese driver in Beijing crash ‘bought Lamborghini with stock market cash’
- Steve J commented Apr 14, 2015
So much for communism! Everyone is equal but some are more equal than others!
Jobless Chinese driver in Beijing crash ‘bought Lamborghini with stock market cash’
- Steve J replied Mar 25, 2015
The FOMC recently made it clear that rates will not be increased anytime soon so I expect the price of WTI oil to steadily rise to around the $55 region. I think there is either no hope or Bob Hope chance of oil reaching $20/barrel.
Oil and Natural Gas
- Steve J commented Mar 23, 2015
The problem with austerity is that it dissuades people from creating jobs. I think the formula has to be changed. There is no country on this planet that has not been in serious financial trouble. It simply isn't fair to punish Greek citizens ...
Greek PM warns Merkel of "impossible" debt obligation
- Steve J commented Mar 19, 2015
Exodus, if you want to make decent money from small capital you have to take the risk. Unless you have massive equity 2% just doesn't cut it. Your wins will be marginal and one will be forced to enter too many trades in the hope of making enough. ...
Fed Drops ‘Patient’ Stance, Opening Door to June Rate Increase
- Steve J commented Mar 18, 2015
This sounds great in theory but in practice one would need equity of obese proportions to only use 2% per trade.
Fed Drops ‘Patient’ Stance, Opening Door to June Rate Increase