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Hareii replied Dec 3, 2011Nice to hear from a fellow trader on the above. Look like we are currently at the same stage of our trading journey. I have tried various strategies - long term and short term. Good returns come from longer term trade indeed. However, accompanying ...
Take Five with The Power of Three
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Walking the walk
Started Dec 1, 2011|Trading Journals|2 replies
Trading is tough. For me, it is tough because I have yet to master the trading psychology, ...
- Hareii commented Nov 27, 2011
Kicking the can down the road further with IMF coming in to kick the next leg. After IMF, who will carry the baton?
Weekly preview - A point of no return?
- Hareii commented Nov 25, 2011
Your neighbour's house on fire. Your friend's house across the river further away is also on fire. You have one bucket of water on hand. Who will you save first?
EURUSD rising on speculation SNB will be buying Euros
- Hareii commented Nov 19, 2011
Obviously, many financial 'experts' out there only read headlines and not the details of Fitch report. Fitch report, imho, is bullish on US bank exposure on euro debt. As far as 6 months ago, Ben who as the chairman of FED probably has and should ...
U.S. Banks and Euro Exposure
- Hareii commented Nov 18, 2011
Agree with you Sanguis, most of the bad news are priced into the market. Small bits of positive news have the potential to cause a sharp rally. I would not be surprised if we see a rally upon confirmation of a full default in one of the PIIGS nation ...
ECB lending to IMF proposal gaining traction according to sources
- Hareii commented Nov 18, 2011
We will end up with 2 competing eurozones if that happens, one led by Germany, the other led by France. This is gonna be bitter.
Germany Is Preparing To Kick Countries Out Of Eurozone
- Hareii commented Nov 18, 2011
Like I have said before, risk and reward goes hand in hand. If everytime volatility increases, risk increases, you retreat and only come out of your cave to trade when volatility dies down, and you are wondering why you cannot break out of the 95% ...
Oanda to Clients: Stay Out of Currency Markets
- Hareii commented Nov 18, 2011
Other than the unique ability to print new money, the central bank obtains its money to lend to IMF just like how the other commercial bank operates. Retail customer deposit their $ with commercial bank, commercial bank leverage on the deposit and ...
ECB lending to IMF proposal gaining traction according to sources
- Hareii commented Nov 18, 2011
Sounds like a power hunger politician who is jealous of the technocrats snatching his dream PM post away. From the way he spoke, it looks like he has the holy grail to solving Italian's debt problem and he WANTS the PM post.
Farage: What gives you the right to dictate to the Italian people?
- Hareii commented Nov 18, 2011
If you observe carefully, recently, many officials including Merkel and Sarkozy in eurozone have not been speaking as much. It is the media and Fitch playing the old records repeating the same old story over and over again. They need news to sell ...
France and Germany Break Ranks Over ECB Intervention
- Hareii commented Nov 17, 2011
I believe there is a strict definition on what is a recession? Anyone can share? Consecutive 2 period of negative GDP growth? If Italy is in recession, then everyone will know if according to the definition. There is no such thing as "likely ...
Fitch: Italy 'already in recession'
- Hareii commented Nov 17, 2011
Corporations have a lot of cash. But these cash are parked overseas. Many many CEOs (the latest interviewed is CISCO CEO) who were interviewed on Bloomberg mentioned that they are more than willing to bring back the cash and help to create jobs in ...
A calm before the storm
- Hareii commented Nov 17, 2011
Do this for yourself. Bring up a weekly chart of say EURUSD or AUDUSD. Plot the ATR indicator with parameter 14 (or any figure you like). Look at the ATR. Average trading range peaked during Aug 2008. It has since came down and is now settled in a ...
Oanda to Clients: Stay Out of Currency Markets
- Hareii commented Nov 17, 2011
Some businesses really put the long term interest of their customer in mind. But such businesses are rare to find today. After more than 4 years with Oanda, I personally feel Oanda is definitely _not_ one of these businesses. Oanda is a market ...
Oanda to Clients: Stay Out of Currency Markets
- Hareii commented Nov 17, 2011
Perhaps, the institutions see things differently from the retail traders. The retail traders see only doom and gloom in euro, but the institutions have an insight into other information which retail traders may not be privy to. For example, retail ...
Puzzle over euro's "mysterious" stability
- Hareii commented Nov 17, 2011
The same brinkmanship is played out daily in US between democrats and republicans. Both sides have also brought US close to government shutdown because of their differences. Politicians are practical and 'highly flexible' individuals. Otherwise, ...
Fed's Rosengren: Crisis might warrant coordinated action by the Fed and ECB
- Hareii commented Nov 17, 2011
These lingering debt issues is driving investors crazy and frustrated. However, volatility is a trader's best friend. Traders thrive in this environment. One man's poison is another's meat. Put it in another perspective, investors have got a very ...
Europe's bond markets
- Hareii commented Nov 17, 2011
Foolish stupidity. It took 2 years for Greece to come to a 50% haircut and it take a few days for Italy and Spain to default? By the way, Italy still have a budget surplus if I am not wrong and their economy is not as bad as other people think. ...
A Spanish Or Italian Default Could Happen In A Few Short Days
- Hareii commented Nov 16, 2011
Euro will not collapse. It is not just a matter of economic and finance. There is a wider implication of geo-political agenda in the euro 'coalition'. The major powers will not want to see eurozone disintegrate. While all the focus is on the BRIC ...
Fed's Rosengren: Crisis might warrant coordinated action by the Fed and ECB