ffsear trading journal.

[ffsear]

Note for Monday: Check price of $djia July 27500 calls.

Expect Trump to publicly put more pressure on the FED to cut rates.

 

[ffsear]

More reminders for the upcoming week... (copied from bloombergs twitter feed)

THREAD 1/ Fed Chairman Powell will be front and center in another big week for the global economy, @simonjkennedy says https://bloom.bg/2Jhwvri


[B]Bloomberg Economics[/B]‏Verified account @[B]economics[/B] 1h1 hour ago
More
2/ In the wake of Friday’s news that U.S. hiring outpaced forecasts in June, Powell will offer the latest outlook for monetary policy just 3 weeks before he convenes policy makers to set interest rates. He speaks before congressional panels on Wednesday and Thursday



3/ As well as Powell, the other event to watch this week is Thursday’s consumer price index. While the Fed prefers to monitor another gauge, this one isn’t without relevance. It’s predicted to show inflation of just 1.6% in June, down from 1.8% of May https://bloom.bg/2Jhwvri

4/ The EU’s latest economic outlook will sum up the deteriorating state of the euro-area economy. Minutes of the ECB’s June decision may provide an indication of how far policy makers’ discussions went on the need for stimulus to fight the slowdown https://bloom.bg/2Jhwvri

5/ Industrial production data on Friday may also help illustrate the economy’s predicament https://bloom.bg/2Jhwvri

6/ EU finance chiefs may debate who to tap as their candidate to succeed Lagarde as head of the IMF. One potential candidate is BOE Governor Mark Carney. On Thursday, he presents the latest bi-annual financial stability report as Brexit nears https://bloom.bg/2Jhwvri


9/ Russia on Thursday will report movements in gold and foreign reserves – last measured at about half a trillion dollars – as a debate picks up over putting more of the country’s stored wealth to work for its citizens https://bloom.bg/2Jhwvri

11/ Inflation data in China is set to show consumer prices are still rising at a rate close to the central bank’s preferred ceiling https://bloom.bg/2Jhwvri


More
12/ Trade data from Japan, Taiwan, the Philippines and China will be released throughout the week, along with South Korea’s export price index, giving the latest read on how shipments are faring amid a tech slowdown and the U.S-China tensions https://bloom.bg/2Jhwvri

13/ June inflation data due this week is likely to show Latin America’s two largest economies – Mexico & Brazil – have room to start cutting interest rates https://bloom.bg/2Jhwvri

 

[ffsear]

$DXY

 

[ffsear]

Morning. !

 

[ffsear]

Dax Buy

 

[ffsear]

Closed +13.7

 

[ffsear]

A rather muted day, Low volume. Not much to talk about. The downgrade of apple was not helpful!

I'm still bullish the $djia this week.

 

[ffsear]

A poor day, especially when you have a plus +50% strike rate.. Too many trades... Tomorrow i must focus on removing the crappy/bored trades..

 

[ffsear]

As i broke my rules... My max trade risk tomorrow is 0.5% per trader (£50)

 

[ffsear]

DON'T TRADE ANY ASSET THAT HAS LESS THEN 6 ATR ON THE ONE MIN CHART (DOUPLE ATR AFTER EVERY SPREAD MORE THAN 1)

 

[ffsear]

Hey @postman , you going to join me for a few DAX calls?

 

[cantagril]

DON'T TRADE ANY ASSET THAT HAS LESS THEN 6 ATR ON THE ONE MIN CHART (DOUPLE ATR AFTER EVERY SPREAD MORE THAN 1)

As I use ATR for almost everything (including trades) am very interested in what you're up to but don't quite get what you're saying here.....could you spell it out for the neurone challenged among us? Big letters, primary colours

 

[postman]

Hey @postman , you going to join me for a few DAX calls?

Just notice the re interest in the thread.
Yep I'm up for a bit of real time dax trading.

 

[postman]

FTSE has been strong recently I'm thinking the growing certainty of a no deal brexit is good news for the market. The "certainty" bit not the "no deal" bit.
After a 20% rise over the last 6 months I dont think even Draghi could raise interest in the dax, and with a meager 0.25% or less cut in US rates later this month the dow will drag it down too. I'd be selling into strength until she's (dax) has fallen 7%.

 

[postman]

Short dax at 12,451.8 for 30 points overnight.

 

[ffsear]

As I use ATR for almost everything (including trades) am very interested in what you're up to but don't quite get what you're saying here.....could you spell it out for the neurone challenged among us? Big letters, primary colours

I'm a day trader, i dont trade off the 1m chart, but i do take my ATR readings off the 1 min chart. If atr is less then 6 they i wont trade. 5 points is probably the minimum I will take on a trade, so if the 1m ATR = less than 6, i wont trade at all. Just not enough volatility! - Tis why i don't day trade FX

 

[ffsear]

ATR is the only indicator i use

 

[ffsear]

As I use ATR for almost everything (including trades) am very interested in what you're up to but don't quite get what you're saying here.....could you spell it out for the neurone challenged among us? Big letters, primary colours

Also to be clear, I broke that rule several times over the last 12 hours... Hence my terrible results today

 

[ffsear]

I'm a day trader, i dont trade off the 1m chart, but i do take my ATR readings off the 1 min chart. If atr is less then 6 they i wont trade. 5 points is probably the minimum I will take on a trade, so if the 1m ATR = less than 6, i wont trade at all. Just not enough volatility! - Tis why i don't day trade FX

This rule i mean!

 

[ffsear]

Just notice the re interest in the thread.
Yep I'm up for a bit of real time dax trading.

Nice, I will be at 7am on the dot... It good to read news/watch Bloomberg(mostly) .. And get a general idea of sentiment for the day!