Lesson to be learned here from the Obama administration......... gimmicks do create demand, they just pull it forward in time. The implications for recovery are profound, as no real recovery happens without new home sales.
New home sales are far more important for the economy than existing home sales, and new home sales will remain under pressure until the overhang of excess housing inventory declines much further
Lesson to be learned here from the Obama administration......... gimmicks do create demand, they just pull it forward in time. The implications for recovery are profound, as no real recovery happens without new home sales.
New home sales are far more important for the economy than existing home sales, and new home sales will remain under pressure until the overhang of excess housing inventory declines much further
do we get into JOBS next? already been there
a planet does not recover this quickly..
Housing inventory had been falling as banks worked through the subprime crisis, but are now rising again, indicating the second wave for foreclosure and mortgage defaults is beginning...not to mention the commercial that has yet to really get stsrted
These are the things that need to have attention bought to them....Greece is old news now even it it defaults or get bailedout.
The WSJ had a first page prominent article on bank lending falling, the sharpest decline since 1942 at the height of the war economy, which lowered private lending through industrial policy to retool for war. This too is really bad news, as it means banks are not lending but taking all the bailouts and cheap reserves and using it to buy financial assets (Treasuries, stocks)
Banks don't lend, business doesn't borrow, people hide their savings in Treasuries = economy is on government life support....DUH!!
The next clue comes tomorrow when the Labor Department updates the latest initial jobless claims and unless they lie it should not be a pretty picture. Middle america is not working and the mainstreet media is a joke.
Looks like Wall St. will get snowed in tomorrow. We'll see what the possible light volume may give us.
I used to live in the Big Apple. Subway runs underground. You need Snow a yard deep to shut that town down. I don't anticipate any slowdown whatsoever.
Dear Thomas, would you please tell me how you choose your stop loss?
Thanks in advance.
I am not Thomas but.........
It's an important money management rule not to risk more than 2-3% of the total account per one trade. According to this rule a trader would place an order and based on a lot size would calculate amount of pips required to reach the limit of 2-3% of the total account balance (and a stop loss will be placed at that point).
For example: a trader has 1000 USD on account, he places a buy order of 4000 units on EUR/USD, which will give him 0.40 cents per 1 pip. Since 2% (out of 1000 USD) that he is willing to risk equals 20 USD, calculations will be next: 20 / 0.40 = 50 pips is the limit for this size of trade.
Primary trade is to look to fade rallies into the 1.3550-1.3580 resistance zone, with targets (from 1.3580) at 1.3550, 1.3520, 1.3490 and 1.3455. A more aggressive trade would be a candlestick signal at 1.3500 resistance. I would feel best about this one if price action took several hours to get up to this level, meaning bulls didnt have much strength. Finally a sustained break of 1.3450 should target 1.3410 and 1.3380. SL to be set at UTL
ultimately we want a close below 1.3440 to confirm the continuation of the downtrend. 1.3450 is strong support and I will look to fade rallies that target this level.
i agree, this is all sooo sophomoric BS. just throw out some terms like Monte Carlo Simulation, "modern portfolio management," RandomWalk theory blah, blah, blah...
what he has been spousing thus far is nothing more than range trading, which fails miserably in one way trending market. ooohh i am sorry how unsophisticated of me, i meant to say reversion to means of portfolio management not soo simple range trading strategy. it is my contention that this bombastic hot air review Occum's Razor or K.I.S.S.
wall street firms have spent and will continue to spend countless hours of PhD, MBA, geeks, freaks on their payrolls in attempts to get an edge over the market. do you think they failed to overlook something that will work. heck they got caught front running customers for a penny a share trying to get that edge.
Were you in my class, I would surely give you a first-class mark (sorry, British grading system)!..... and you might even get funding to do a Ph.D!
define risk ...make a plan ...trade that plan...and go to bed...you now have a completely stress free trade..win or lose
True,the hardest part of trading isn't finding an entry or even an exit, but having the discipline to sit tight and WAIT for your limit to be reached on your winners and thus not take profits too early.
Whats your gripe with posting your trades?. I thought that was the idea. No matter how many of your ideas you post this market is too big to give away your edge surely?!. I post the odd one as its helpful to bounce ideas off people, anyone who would simple "copy" your trades would probably still lose over time as they would not see the long term rationale behind them, the overall "plan" so to speak.
All the best
Missing
Primary trade is to look to fade rallies into the 1.3550-1.3580 resistance zone, with targets (from 1.3580) at 1.3550, 1.3520, 1.3490 and 1.3455. A more aggressive trade would be a candlestick signal at 1.3500 resistance. I would feel best about this one if price action took several hours to get up to this level, meaning bulls didnt have much strength. Finally a sustained break of 1.3450 should target 1.3410 and 1.3380. SL to be set at UTL
ultimately we want a close below 1.3440 to confirm the continuation of the downtrend. 1.3450 is strong support and I will look to fade rallies that target this level.
and it will be my final one public
Good morning Cody, and everyone else. Thanks. Just got up, getting ready for work...Have a great day everyone.
Relative strength can mean alot of things in the financial markets as there are more than a few technical tools using this title to describe what they attempt to do. But in the most simplest terms, relative strength refers to the comparsion of two markets to determine the stronger and the weaker. This information can be of great value to the FX trader. Let's look at an example. This 4-hour chart of the EUR/GBP shows that there has been a change in sentiment on the value of these two currencies based on the observation that the market is rising. This means that the EUR has been stronger than the GBP since the beginning of February. This also means that traders who like trading the EUR/USD and the GBP/USD might start looking at the GBP/USD for selling opportunities instead of the EUR/USD. The idea is to match the strongest currency you can find with the weakest and to trade that pair. After each trade, one should take a look to see if there have been any changes in the strength or weakness of each currency. If there have been, like we see here on this chart, then the trader should be flexible enough to focus on the new pair instead of assuming that nothing has changed. This is really no different than how stock traders find a strong industry group to trade and then buy the strongest stock in that group. I am using a 4-hour chart here and I think this is applicable for those who trade on the hourly chart. I think it best to use a longer time frame chart for this analysis than you use to trade. We want to make sure that the relative strength lasts long enough to use it as an edge in our trade. The goal of profitable traders is to identify an edge and then take advantage of it for as long as it provides that edge. The relative strength of each currency is one edge that can lead to better trading results.
Enroll in our online DailyFX Course today and get personalized instruction from our team of expert traders 24 hours a day. We have taught over 25,000 students and in our online courses in the past. The new DailyFX Course has nearly 600 minutes of content delivered via video so you can learn at your own pace. Join the instructors in live webinars where they will show you how to use the highlighted tool in current market conditions. Click here to get more information.
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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, they just pull it forward in time. The implications for recovery are profound, as no real recovery happens without new home sales.
Originally Posted by rickos 
laptop had everything on it when it decided it needed a vacation before me
Snow! What Snow/?
