From their last statement The Official Cash Rate (OCR) remains at 1.75 percent. We expect to keep the OCR at this level through 2019 and into 2020, longer than we projected in our May Statement. The direction of our next OCR move could be up or ...

Trading news and sentiment

Massive beat on new Zealand data. This changes rate expectations for sure.

Trading news and sentiment

I've seen your demo competition account dufas. Nothing to show there.

Pro traders who do not use SL, What about Black Swans?

Just when I thought dufas was the dumbest pretender on this forum, here you go and put that into doubt. Did you notice those trades are 2 days apart, nope, my guess is you were flapping your lips in response faster than your pimple brain can process ...

Pro traders who do not use SL, What about Black Swans?

Actually it is number 10 in the debt to GDP list but that list is smoke and mirrors. For example, Greece is second in the list and their Gdp is 200 billion while the USA is over 21 trillion. The interest on the USA debt alone is larger than Greece's ...

Can YOU make money as a trader?

A hedge is the same as a stoploss. Hahahahahahahahahahahah. Only dufas can come up with that slogan. Just an FYI, opening a long and short on the same instrument at the same time IS NOT A HEDGE, ITS A ZERO SUM GAIN. A genuine hedge involves a ...

Pro traders who do not use SL, What about Black Swans?

You sound like you don't know who has the biggest debt globally. Everyone has debt but who is able to pay off that debt is an entirely different matter. USA holds 31% of world debt or approximately 19 trillion. Do you think usa has the means to pay ...

Can YOU make money as a trader?

I don't think they care. They keep kicking the can down the road for the next administration. That is until they run out of road.

Can YOU make money as a trader?

The dollar has been losing its reserve status for some time and China and Russia dealing outside of dollars. The EU are also pushing harder for reserve status but they have their own issues slowing their progress. All you need to do is look at this ...

Can YOU make money as a trader?

I took money management down a different path and it has saved trades from loss more than I have seen price get away from me. I don't care for runners or maximising profit because it increases market exposure. I get better results focusing on a more ...

Profit taking

Evening We have a busy central bank week ahead with BOJ, AU, NZ, US (main n rate events, minutes etc but also speeches). We additional have US mid terms and potentially brexit news. Late last week some word out of the US hinting at China trade talks ...

Trading news and sentiment

The middle ground is an oxymoron. You have to believe your process will have a positive outcome over time but at the same time, the decision making process must be absent of all emotions.

Between hubris and humility

Totally agree. I have made a good deal of profit from unscheduled news but more from scheduled

Trading news and sentiment

My assessment of this is they don't have rigid money management which I am finding is significantly increasing my bottom line. The traders I know that do this for a living are similarly dynamic in their management. It's what got me rolling in the ...

Pro traders who do not use SL, What about Black Swans?

Euro dumped on this news. This is a first class lesson on unscheduled news and sentiment changing in a blink of an eye. Shit I missed it. url

Trading news and sentiment

This guy doesn't use a stop Listen to 079: The biggest financial experiment the world has ever seen—global macro investor, Raoul Pal by Chat With Traders #np on #SoundCloud url

Pro traders who do not use SL, What about Black Swans?

Use forexlive for intraday sentiment

Trading news and sentiment

Lots of good stuff on this channel Listen to 079: The biggest financial experiment the world has ever seen—global macro investor, Raoul Pal by Chat With Traders #np on #SoundCloud url

Trading news and sentiment

Trade today Long EURUSD off the back of NFP The job numbers were good but like i said before the Fed are not concerned about job numbers but rather inflation and in that sense wages have failed to increase and thus there is this decoupling of wages ...

Trading news and sentiment

where exactly are you struggling to make sense of it? maybe i can help

Trading news and sentiment