psaTrading
Experienced member
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Stimulus boosted stock markets, emerging currencies and metals.
Scalped both sides a couple of times You would have needed fairly wide stops to be in longer term trend, which does not suit me atm. Some nice scalping action though on the channel from 1530 - 1630hrs.
P
postman
Some believe people who read charts are crazy.
Some believe those that trade fundamentals are crazy.
You decide.
At precisely 10:00am this morning, Reuters' journalist Abhiram Nandakumar issued a report which tried to "explain" what is going on and why stocks are soaring. This is what he came up with (link):
http://www.zerohedge.com/news/2016-03-01/todays-rally-explained-just-two-headlines
To summarize: the "bad" data which was originally so poor it prompted hope of more stimulus and let Wall Street surge, was subsequently seen as "data" that no longer spurs stimulus hopes but now points to economic recovery. Wall Street surged some more.
Its all a fugazi.
Some believe those that trade fundamentals are crazy.
You decide.
At precisely 10:00am this morning, Reuters' journalist Abhiram Nandakumar issued a report which tried to "explain" what is going on and why stocks are soaring. This is what he came up with (link):
http://www.zerohedge.com/news/2016-03-01/todays-rally-explained-just-two-headlines
To summarize: the "bad" data which was originally so poor it prompted hope of more stimulus and let Wall Street surge, was subsequently seen as "data" that no longer spurs stimulus hopes but now points to economic recovery. Wall Street surged some more.
Its all a fugazi.
f2calv
Experienced member
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Out for +3 lol I'm not brave enough to undo today's hard work quite so soon :/
2be
Senior member
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f2calv
Experienced member
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I'm already long from 6175 oops. Not worried, yet
Definitely not shorting on dividends Wednesday after last weeks f up!
I'm already long from 6175 oops. Not worried, yet
Definitely not shorting on dividends Wednesday after last weeks f up!
They are not free those dividends either...:cheesy:
Scratched. Re-entry L if PA indicates 6150 - 6155.
L again 6156.
Scratched L6156 and re-entered L 6151.
I'm already long from 6175 oops. Not worried, yet
Definitely not shorting on dividends Wednesday after last weeks f up!
Thank you for the reminder sir.:smart:
Out -3. Will re-enter once stop hunting finishes!
L @6146. Lets see this time!
f2calv
Experienced member
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To be fair as long as you're not short FTSE with IG at 16:30 (when dividend calculations are applied) there isn't a problem, but still...
Out -10. I put a wider stop on than normal (usually 3 - 7) as I could not monitor trade. Will look at PA for another entry but sitting on my hands atm - The downward trend has been very consistent - 6130 is a key level.
L@6131. Stop at b/e.
Closed @6140. didn't like the PA. At least I made up some ground!
