- Search Metals Mine
-
Tom81 replied Mar 8, 2017My selection of basic trading literature Trading Psychology books (very important): Mark Douglas: The Disciplined Trader Trading in the zone Jack Schwager: Market Wizards Money/Risk Management video/book (most important in trading!): video Ryan ...
Real trading education
-
Help with analysis of trading results
Started Mar 8, 2017|Trading Discussion|3 replies
Hi all. I have limited background in statistics so I would be very grateful to anyone with ...
- Tom81 commented Feb 3, 2017
Trump's billionaires team working for poor's men wallets.
Trump To Sign Executive Orders Scaling Back Financial Regulation
- Tom81 commented Jan 31, 2017
I don't know what this fuss is all about. Yellen will never start open currency war, no matter what Trump says or do. In his mind he still lives in reality show and show will go on for 4 years, unfortunately.
Trump: Other countries take advantage by devaluation. So much for the strong dollar
- Tom81 commented Jan 31, 2017
LOL Trump's Tweets rule the markets. Welcome to brave new world.
Trump: Other countries take advantage by devaluation. So much for the strong dollar
- Tom81 commented Jan 31, 2017
Interesting times to trade. You've got huge interest rates expectation differentials between FED and ECB, bad German Retail Sales, Deutsche Bank being fined, short term bearish/neutral EUR technical picture on one side and Trump's comments on the ...
Euro Surges After Trump Trade Advisor Accuses Germany Of Using "Grossly Undervalued"...
- Tom81 commented Jan 17, 2017
Limiting EU migration = hard Brexit -> May still lives on cloud no. 9, Frau Merkel will straighten her up soon enough.
U.K. Prime Minister Theresa May Delivers Speech on Brexit
- Tom81 commented Jan 17, 2017
It's too risky to buy or fade during her speech. PA could just wipsaw and end up nowhere or fall of the cliff. Markets are still betting on soft or even no Brexit scenario. If she implies hard Brexit, pound will suffer, if she does not, pound could ...
Theresa May to set out 12-point plan for Brexit as she vows a clean break that does not leave...
- Tom81 commented Oct 6, 2016
I would really like to know if stop losses where honored at all. Move was so quick that I don't believe all stop losses could be filled. Bucket shops with guarantied stop losses could be in very big trouble right now. Interesting times, indeed.
Pound's flash crash baffles the market
- Tom81 commented Oct 6, 2016
Low liquidity + maybe some fat finger covering position + HFT algos = Black swan The only protection from it is conservative risk management (being able to sustain 1000 or more pips spike) and not scalping at low liquidity times when high leverage ...
Cable implodes - flash crash in the pound
- Tom81 commented Oct 6, 2016
It's hard to say, it could be both, fat finger + low liquidity or algos. From BB: "Traders questioned whether computer-driven orders had triggered the plunge, exacerbated by a lack of liquidity in early Asian hours, while some saw the possibility of ...
British pound crashes to fresh three-decade low as Brexit concerns accelerate
- Tom81 commented Oct 6, 2016
This is very, very rare event. No one is safe from it. The only thing you can do is to not overleverage when trading and hope price will retrace back at least 50 % (in case of GBP/USD price retraced 78,6 % so if you had room to survive the spike, ...
British pound crashes to fresh three-decade low as Brexit concerns accelerate
- Tom81 commented Oct 6, 2016
This is typical black swan event. 700 pips in less then 5 minutes, you just can't protect yourself against it. Major sell order was probably executed, no buyers on the other side, lots of stop losses get hit when price speeds down and price falls of ...
British pound crashes to fresh three-decade low as Brexit concerns accelerate
- Tom81 commented Sep 28, 2016
That is true but their open positions are so huge, they are having very hard time finding buyers for their derivates. Closing position at fair price when you "own" huge percentage of market and counterparty knows you are on fire sale is very, very ...
German government is preparing a rescue plan for Deutsche Bank
- Tom81 commented Sep 28, 2016
They will never let Deutsche Bank bite the dust. Bank's global derivatives risk is in the range of $75 trillion which is 20 times greater than the German GDP. If it falls whole global financial system could collapse.
German government is preparing a rescue plan for Deutsche Bank
- Tom81 commented Sep 14, 2016
Not only VIX, almost all markets are terrified. url
Wall Street’s ‘fear gauge’ shows it’s about to get ugly in the stock market
- Tom81 replied Sep 14, 2016
It could also be confluence with fear and greed index which is highly in red (39/100) at the moment. When fear rules the markets safe havens (USD, JPY) tend to do well.
USD/CAD
- Tom81 commented Sep 14, 2016
What is the story behind good inventory news for CAD and WTI but we see EUR/CAD, USD/CAD rising? Is it only retail squeeze before WTI - CAD bulls come in or is it something I'm not seeing?
US weekly oil inventories -559K vs +4000K expected