I know that there is no such thing as “GROUNDHOG WEEK”, but that is what it feels like. I know that I was around for the week but not a huge amount seems to have happened, if anything did happen, it may be age, but I do not appear to have remembered much at all. The two news events that have remained within my memory are: - The Adrian Orr, RBNZ Governors’ HAWKISH HOLD on interest rates. Sajid Javid resigning as the UK Chancellor of the Exchequer. I am not saying that everything … [Continue reading]
ALGOS “ON SPEED” PLUS HAVE THE MARKETS LOST THE PLOT?
I am struggling to define the current FX market other than to use words such as trapped, difficult, rangebound, painful and f**ked up. One of the aspects to FX trading, in fact trading in general that is almost totally ignored is TRADING PSYCHOLOGY. How the mind reacts to trading positions is a fascinating subject. Mostly all the negative reactions are self-inflicted through taking over sized positions and thus placing huge RISK to your broker account. Even though I have been trading FX … [Continue reading]
THE WEEKLY FX PREMIUM – JANUARY 2020 REVIEW OF PERFORMANCE
One month down and eleven to go. Never in a month of Sundays would I have predicted 2020 to kick off the way that it has. One would have thought TRADE WARS, TRUMP IMPEACHMENT, IRAN, NORTH KOREA or BREXIT would have been the geopolitical events to dominate the news, but then, enter the CORONAVIRUS. As I have written so many times over the past 8 years, the markets operate on FEAR and GREED. For us as traders, this equates to RISK ON or RISK OFF. Market Sentiment, Direction Trading (The trend … [Continue reading]
GREED and FOMO: COMING TO AN END?
So, here we go again, a very, very interesting week in FX. Volatility is starting to emerge once again, not on the back of the DAVOS 2020 JUNKET but on a World Health concern emanating from the city of Wuhan, CHINA. Following SARS (Severe Acute … [Continue reading]
CORRELATIONS DO COUNT…
In late November I had an aborted DRIVE THRU blog written and ready to go called “MANAGING THE FOREX JIGSAW”. It was another way of linking all in the inter-market correlations together. It was derived from my thoughts that the market was too … [Continue reading]
CONSEQUENCES FOR TRUMP and FX
Here we go again... Over the holidays, I spent some time reviewing the impact of this BLOG and how to freshen it up, while at the same time reducing the hours that I pour into its overall initial construction, review and checking and finally … [Continue reading]
THE WEEKLY FX PREMIUM DECEMBER AND YEAR 2019 COMPLETE PERFORMANCE
Well that’s it, 2019 ... done and dusted. The numbers do NOT lie. 2019 was my most successful trading year since introducing a fee-paying subscription service. My most successful via net pips gained. However, not wanting to be a killjoy, this … [Continue reading]
IT WAS POPULISIM NOW ITS PURE POLARISATION
My final blog of 2019, an ideal occasion to reflect on the trading year, maybe for some but I think that I will save those thoughts for my December “WEEKLY FX PREMIUM” performance blog, which I will complete and post sometime between Christmas and … [Continue reading]
MICKEY MOUSE POLITICS SET TO CONTINUE INTO 2020
My penultimate DRIVE THRU of 2019; it is not a time to get sentimental but to be grateful that I still have my health and that I am still trading and still generating pips, with what looks like to be a record pip gathering year. Sadly, not profit … [Continue reading]
THE WEEKLY FX PREMIUM – NOVEMBER 2019 PERFORMANCE
Not wanting sound like a broken record but “Hell... this current FX market is just bloody awful to trade within”. When I made the decision last year to switch to full-time POSITION style trading, I knew that there would be times when accumulating … [Continue reading]
CAN A TRUMP IMPLOSION BE AVOIDED?
Every time I sit down in front of my computer screen and start to type about a subject that is front and centre in the news, I wonder will I be scrapping what I have just written because news events have overtaken my thought process whilst … [Continue reading]
FX TRADING = GROUNDHOG DAY
Groundhog Day was one of my favourite movies starring Bill Murray back in the early 1990’s. I feel that with this week’s blog, it’s Groundhog day once again, in fact since after the flurry of activity last August, I feel that at every weekend since … [Continue reading]
FX TRADING – ARE WE IN THE NEW NORMAL?
In real terms, with one or two minor exceptions, the FX market has been very docile, flat, boring and lacking in consistent volatility over recent times. In fact, I believe I wrote several weeks ago about “THE NEW NORMAL” with regards to FX trading, … [Continue reading]
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