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EcoTrader replied Nov 30, 2017brilliant job on this. I bet you didn't expect it to be as good as it has been.
The next step after reaching broker lot size limit
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EcoTrader replied Jun 1, 2017Some wild changes in % you have there. A recent incident of - 19% on a single trade and it's not an isolated incident. Have you looked at managing your risk more as this sort of profile typically ends bad at some point.
Thank you FF
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EcoTrader replied Jun 1, 2017New undertaking being planned. I am going to start building a semi automated trade system that technically trades off the back of manual inputs derived off macro analysis, market sentiment, inter market analysis. The objective here is to provide the ...
Getting dirty with fundamentals (long term trades and intraday)
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EcoTrader replied May 31, 2017Trading polls The only time a poll has a prolonged effect on the market is when it is backed by basket of other polls with similar predictions. The yougov poll for the general election covers 300th of 1 percent of the population making the margin ...
Getting dirty with fundamentals (long term trades and intraday)
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EcoTrader replied May 31, 2017I find these yougov polls unreliable even though they claim over 90 percent accuracy. This latest poll for instance represents 0.003% of the population. There is nearly always an initial reaction which always makes me laugh at the silliness of the ...
Fundamental/News Thread
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EcoTrader replied May 28, 2017The fed has said they are not going to hike until they see evidence of the slowdown being temporary. What's peculiar with their opinion here is that this isn't anything new. Gdp has averaged 1.1% in the first quarter since 2010 while the remaining ...
Fundamental/News Thread
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EcoTrader replied May 27, 2017Dollar has been weak off the back of geopolitical events and trump. Nothing about this hike has been priced in. You could even look at it as though the previous hike has been rolled back. There is a deviation of price and the underlying ...
Fundamental/News Thread
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EcoTrader replied May 25, 2017I don't expect it to move markets with the agenda being discussions of current issues like terrorism.
Getting dirty with fundamentals (long term trades and intraday)
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EcoTrader replied May 25, 2017Both. You need to start by learning how economies work and the relationship of all elements and the type of data (leading, coincidence, lagging). You also need to dive deep into the central banks and understand what their concerns are and policy ...
Getting dirty with fundamentals (long term trades and intraday)
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EcoTrader replied May 25, 2017some more on the $ story Q1 consumer spending was worse than expected. They expected spending to pickup in March but it didn't so Q1 GDP closed as weak. I have been doing research in the retail space and have found several articles where there was a ...
Getting dirty with fundamentals (long term trades and intraday)
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EcoTrader replied May 24, 2017Robert Heller, former Federal Reserve governor, says the base case for the Fed raising interest rates in June has not changed despite political headlines. url
Getting dirty with fundamentals (long term trades and intraday)
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EcoTrader replied May 22, 2017$ weakness - where is it headed! Putting aside the Trump trade for a moment as it is very unusual to have markets so closely watching an administration. The big issues as far as the fed goes is inflation and the balance sheet. Inflation tends to lag ...
Getting dirty with fundamentals (long term trades and intraday)
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EcoTrader replied May 21, 2017While slippage does happen, it's rare and never an issue as the trades are selected on the basis of an event that needs to be priced in instead of probability of something happening. I have an eikon terminal. You never get economic data before the ...
Getting dirty with fundamentals (long term trades and intraday)
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EcoTrader replied May 20, 2017No probs Entry 0.8536 Exit 0.8596 Trade is a market order (always is with intraday news trading) with exit determined by a 10 week average daily range (60 pips for this pair).
Getting dirty with fundamentals (long term trades and intraday)
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EcoTrader replied May 18, 2017And I am talking about dollar buying in the last hour. I was asking about the dollar selling off yesterday rhetorically to emphasise that the event that caused the selloff is related to the dollar buying off the back of Comey stating under oath that ...
USD/JPY Discussion
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EcoTrader replied May 18, 2017Wrong, the hikes are a given. The underlying story is Comey under oath stating he wasn't asked to stop the investigation. What caused the dollar to sell off yesterday?
USD/JPY Discussion
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EcoTrader replied May 18, 2017It doesn't increase or decrease it. Rates simple translates into the cost of money. Increasing and decreasing is done (without actually removing money from the system) through reserve management. If the central bank increases reserve requirements ...
Fundamental Trading
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EcoTrader replied May 18, 2017This is why I keep news filters running for market moving events. 43 pips in less than 10 minutes thanks to news which is generally dismissed by technical traders leaving them scratching their heads as I found on the usdjpy thread where nobody knew ...
Getting dirty with fundamentals (long term trades and intraday)
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EcoTrader replied May 18, 2017Comey Admits Under Oath That Obstructions To Investigations "Never Happened"
USD/JPY Discussion