Inflation , the FED, yellen and … peasants
Econ Calendar
12:00 – New York Fed and “heavyweight”
John Williams, President and CEO (Moderator)
Date: Thursday, June 13, 2024
Time: 12:00 PM EDT
Subject: Moderated Discussion
Event: A Conversation with the Honorable Janet L. Yellen
Organizer: Economic Club of New York
Location: Plaza Hotel
768 Fifth Avenue
New York, NY 10019
Note: President Williams will serve as moderator for a discussion with Treasury Secretary Janet Yellen.
Why your predesigned indicators don’t work – by a former blackballed CTA – so I hit Aussie right on the chin purely out of experience when every indicator said otherwise, knowing if I go to sleep the banks will do a stop run on my position overnight but they can’t afford to take it further and so I sat on it and the profit target filled. So was flat on the backdraft and now back in flipping the bird and listening to “Crazy Babies” by Ozzie Ozzborne lol. They didn’t get me this time. That, ladies and gentlemen, is trading. Other than Amazing Trader, not much else works other than option contracts.
Why your predesigned indicators don’t work – by a former blackballed CTA because I was that good and stepped on some toes lol – so I hit Aussie right on the chin purely out of experience when every indicator said otherwise, knowing if I go to sleep the banks will do a stop run on my position overnight but they can’t afford to take it further and so I sat on it and the profit target filled. So was flat on the backdraft and now back in flipping the bird and listening to “Crazy Babies” by Ozzie Ozzborne lol. They didn’t get me this time. That, ladies and gentlemen, is trading. Other than Amazing Trader, not much else works other than option contracts.
(Reuters) – A look at the day ahead in markets from Dhara Ranasinghe.
It’s back to the markets versus the U.S. Federal Reserve.
GBPUSD 4 HOUR CHATRT – FIBO TIME
With key supports not close, suggest looking at retracement levels here as well.
So far, it has paused around the 50% FIBO at 1.2774 (low 1.2772)
AUDUSD 4 HOUR CHART – Retracements or faikures?
With the dollar recovering after yesterday’s stright line data driven moves that paused shy of recent dollar lows, look at FIBO levels if yiu do not see any nearby levels.(e.g. 50% of 6578-6702 = 6639)
So I saw the same old thing yesterday pre-data, with the stalls and the contra-activity. If they are buying into data that heavy what do you think they are doing? Is big money confused? Is it a conspiracy? No. They are running 100k times what you do. They compete with other banks who don’t oblige to be on the same team. So, price discovery happens. Big guns win every time. Right now the market is dazed and waiting for the next conviction post-Fed. Something is going to break. My thought is maybe not the Fed. So unless something profound changes it is hgher for longer and they will price in mistakes. Dollar is bid, which is why I sold AudUsd this morning vs Euro because they are a little fluffy over there. The only thing that would make Aussie go higher is a gold run or war. From here.
Bobby – it seems, as one of our esteemed posters pointed out to me in private earlier, Apple and Musk are fighting. Who would you bet on if it were a boxing match? I’m going Apple because of muscle but Elon packs a punch too. I’m going Elon, the Apple squeals to the regulators and puts Elon on the hot seat. But he doesn’t care. He has a chip and is far from dumb. Apple reached with the latest release, albeit pretty cool. Elon just keeps launching rockets. At some point, as a former boxer, one of those is going to land and the other guy is in trouble lol.
Aapl Apple
Apple shares are on a notable hot streak that’s helping the company reclaim the title of most valuable in the U.S.
The stock (AAPL) is up 13.8% across the past two trading sessions, putting it on track for its biggest two-day percentage gain since the stretch that ended Nov. 24, 2008.
In turn, Apple’s market capitalization has exploded. With shares up about 6% in intraday action, those gains would translate to a $3.37 trillion market cap at Wednesday’s close.
Forex Forum Ad Hoc Glossary
What is Risk Management in Trading – Forex Forum
For any trader, managing risk is essential to success. But what exactly is risk management? In this blog post, we’ll explore what risk management is and how it can help you become a successful trader.
We’ll also look at some common mistakes that traders make when it comes to managing their risks. After all, if you’re not managing risk appropriately, you’re just a gambler. So if you’re ready to learn more about risk management, read on!
What is Risk Management in Trading?
Risk management is the process of assessing, controlling, and managing risk within a trading portfolio. This involves defining trading goals and understanding potential losses that could occur as part of the trading process.
It also includes identifying potential risks, such as market volatility or sudden changes in the market, understanding how these risks can affect your profits, and taking steps to limit potential losses.
In general, risk management should be a priority for all traders. By properly managing your risks and using effective strategies, you can minimize potential losses and increase the chances of making successful trades.
Common Mistakes When Managing Risk in Trading
Unfortunately, many traders make mistakes when it comes to managing their risks. Here are some of the most common mistakes that traders make when it comes to risk management:
Not Setting a Trading Plan:
Many traders don’t have a detailed trading plan, which is a key component of risk management. Without a trading plan, traders are more likely to take risks that could have otherwise been avoided. It’s important to establish clear trading goals and a plan for how to reach those goals.
Not Understanding Risk:
Many traders fail to understand the risks associated with certain trades, which can lead to serious losses if they don’t take the time to research and understand the risks involved. It’s important to have a thorough understanding of the markets you’re trading in before taking any risks.
Not Taking Advantage of Stop Losses:
Stop losses are an essential component of risk management, as they help to limit potential losses in the event of a market downturn or sudden changes in the market. However, many traders don’t take advantage of stop losses and end up taking larger risks than necessary.
Over-Trading:
Over-trading is a common mistake made by many traders. This involves taking too many trades, which can lead to losses if the market turns against you. Look, all traders love the price action. It’s exciting to take a position and watch your P/L go up and down. But don’t become addicted to the price action for the sake of just having a position. It’s important to only take trades when the setup is right and avoid over trading.
Not Diversifying Risk:
Diversification is another important part of risk management. By diversifying your trades, you can spread out risk and limit potential losses if the market turns against you.
Why is Risk Management Important in Trading?
Risk management is a critical factor in success when trading in the markets. It involves understanding and controlling what could potentially impact your trades and actively analyzing scenarios that may occur.
Without proper risk management, traders are leaving themselves vulnerable to potential losses which could be catastrophic for their investments.
Good risk management also allows traders to effectively assess opportunities and make better decisions that take into account volatility or leading indicators of future market performance.
Simply put, risk management can provide peace of mind so traders can enjoy the highs of profitable investments while minimizing losses when markets start to dip.
What are Some Common Risk Management Strategies?
Common risk management strategies used by traders include setting stop-loss orders, limiting capital exposure, and diversifying investments to minimize volatility.
Another essential approach for traders is to set predetermined targets for both profits and losses to help stabilize your exposure. To further limit potential losses and maximize gains, traders should always be aware of economic news and other world events that might affect the market.
How to Implement Risk Management in your Trading Plan
Implementing effective risk management into your trading plan is incredibly important for successful and profitable trading. It can help you to control the amount of draws you take in any given trade, and it can also protect against large losses which could potentially wipe out your entire trading account.
A good risk management plan should include determining the amount of capital at risk on each trade, setting predetermined stop-losses to limit downside exposure, and having a strict, disciplined approach towards minimizing losses:
never increasing position size
never risking more than you are comfortable with, and always controlling potential risk-reward ratios.
Taking the time to set up a comprehensive yet flexible risk management plan will put you in a better position when it comes to positive returns in the long run.
Risk management is an important part of trading. It allows you to trade with less stress and more confidence. There are many different risk management strategies, so it is important to find one that fits your trading style.
Proper risk management can help you make money in the long run by preserving your capital and preventing you from making careless mistakes.
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