To Spook Or Not To Spook

Mario Draghi, the chairman of the ECB took the spotlight on Thursday and continues to expertly manage the monetary policy balancing act that I discussed last week. His objective was to prevent the Euro rising and to avoid spooking the market. How appropriate in the season of Halloween. He succeeded. His statement included enough downside […]

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Theory Into Practice: Pushing The Limits.

As traders, we are used to factoring in global macro conditions. We know that is this environment and the news and events that derive from it that drive the prices we chose to buy or sell. We also know that this year has seen a major move towards the politics part of the environment and […]

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Theory Into Practice: Power and Politics

The shocking news surrounding a famed film director/producer has opened a Hollywood pandora’s box, which seems a world away from the realities of the financial markets. It does, however, remind us of a historical-political theme which we are all too well aware of and that holds a very real threat to the investing community. Power […]

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Theory Into Practice: Clarification

Yes, that would be nice but not always available. An approach to trading that takes in the fundamentals as the filter to the high probability opportunities is the way of the professionals. Why? Because understanding what is driving the market provides an edge as we begin to realize that price movement is not random but driven. […]

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Theory Into Practice: Taking The Guesswork Out.

  Following on from our live session on Tuesday and my blog on Monday,  our task, when we seek high probability opportunities, is not to guess what price is going to do, but understand what drives it, what affects it and how to use the information. Remember also, when you see a chart or this […]

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Theory Into Practice: The War Of Words Heats Up

Our attention and that of the market has been focused, and I could say distracted, for a few weeks on central bank policy, with the geopolitically tensions comparatively calm although rumbling on in the background. That was until Friday when the twitter fuelled slanging match between The North Korean leadership and Mr Trump escalated, somewhat […]

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See No Evil

Strange are the ways of humans and markets. Behaviours shift, events happen, expectations are met or not. These shifts are ever more frequent, and, as we have seen recently, very unpredictable, but there is a growing’ unnerving’ calm that either denotes a complete turnabout in economic theories or the presage of something catastrophic. When we […]

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Theory Into Practice: Levels

As traders, we have many different styles.  As FTA members we have blended the fundamentals into our plans and they represent the bedrock of our approach. What we all have in common is that we all watch all watch support and resistance and have practiced those levels for years. It is not rocket science it […]

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Theory Into Practice: Another Day, Another Dollar

Risk-off conditions receded Wednesday afternoon as an agreement was reached to lift the US debt ceiling and government support assured until September. That takes some pressure off the USD and helped to lift the yields. The fate of the USD, however, is subject to many uncertainties and not just political. geopolitics will continue to threaten stability as […]

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Tulips And Other Manias

Yes folks, a new film for those of us obsessed with market-related stories and more particularly fascinated and maybe even concerned about bubbles, Tulip Fever. Of course, the full story is already available in Charles Mackay’s book: ‘Extraordinary Popular Delusions And The Madness Of The Crowd.’, at least the market part of the tale. Bubbles […]

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