The mind of a trader
The right frame of mind is essential for trading - probably the most important element of a traders success. Get it right and profits are far more likely to follow...
Australian Dollar parity
25 July 2008
My model for the Australian Dollar is signaling strength. Given past performance on signals in terms of accuracy and the size of the movement, it would suggest that the Aussie will reach close to parity with the US Dollar in the next 50 days...
Posted in Currencies, Daily BuzzComments (0)
Time to exit Coffee
24 July 2008
My Coffee trade has been running for some time, and what a trade it has been. Not because of the profit I might add - I am closing the trade with only around $1000 profit per contract - but rather the volatility through the life of the trade...
Posted in Daily Buzz, Markets, SoftsComments (0)
Taking time out is important!
07 July 2008
I'll keep this short as I am currently on holiday in Barcelona, taking extra advantage of the holiday weekend. If you haven't been to this city then try it. Simply amazing! I just might stay here for a while...
Posted in Daily BuzzComments (2)
Rising interest rates
03 July 2008
Interest rates are set to rise in the Euro zone today, which will heap even more pressure on the US dollar. Whether the rise is already built in to expectations remains to be seen, but I suspect we will see further US dollar weakness...
Posted in Daily BuzzComments (0)
It’s easy to look foolish
02 July 2008
Well after talking about the rising Gold neural network score yesterday morning, and anticpating a buy signal, what do you think happened? Yep, the network score fell by it's biggest amount in almost a year...
Posted in Daily BuzzComments (0)
The lure of glittering gold
01 July 2008
My gold neural network score is starting to get a little interesting. Over the past few weeks the score has been steadily rising. It now stands at 50.9, it's highest for over 2 months. For context, the buy threshold is a score of 53...
Posted in Daily BuzzComments (2)
How bad are the markets?
30 June 2008
I read an interesting article this morning at cnbc.com about about the state of the Dow based on historical comparisons. So comparing the first half of each year in history, 2008 would appear to be the 10th worst slump...
Posted in Daily BuzzComments (0)
The danger of boredom
27 June 2008
When trading it is often easy to get seduced by the excitement of the markets. My strategy tends to be somewhat boring - nothing at all like day trading for example. I tend to hold poistions for a half year plus at a time...
Posted in Daily BuzzComments (2)
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