psaTrading's Posts - Page 41

Trading Journal in New Traders Sep 18, 2014 at 18:00

Discipline – The key to profit from your advantageThe primary goal of the aspiring trader who initiates the first steps in the financial markets, should be to establish a trading strategy whose performance is consistently good.The ability to create, maintain and improve this strategy, which in turn, will allow us to develop a career in this field, is directly related to consistency. Consistency in performance comes from the control and effectiveness of decision making in times of extreme pressure and emotion in the markets, nowadays very frequent, given the macro economic divergences we ...

Trading Journal in New Traders Sep 17, 2014 at 16:17

With the aim of boosting the demand for credit and economic growth, the People’s Bank of China will inject liquidity into the financial system. The latest economic data have raised concerns about the growth of the world’s second largest economy.The central bank of China joined the European counterpart in the decision to inject liquidity to combat weak economic growth, which highlights the divergence of policies among the largest economies in the world, to the extent that the United States is, on the contrary, reducing stimulus.Chinese government has mentioned an injection of 500 bi...

Trading Journal in New Traders Sep 16, 2014 at 15:22

The month of September showed us two very different weeks in the European markets, the first was a continuation of the “bullish” sentiment that began after the inversion from August 8th and the second week revealed a corrective movement that followed the strong rally.As mentioned in the previous publication, and shown by the prices from recent sessions, the correction had not yet reached significant levels to justify any return to the rising of prices. However we may not say that this retraction will be largely expressed, therefore we can easily foresee a new attempt for the market...

Trading Journal in New Traders Sep 15, 2014 at 17:14

Investors await the disclosure of relevant macroeconomic data on Wednesday (17th September). The perspective of interest rates, to be announced by 19:00h will be crucial to further developments.The markets are still suffering the effects from the decline in industrial production, and are aligned with the information disclosed through the financial media from last week.It is speculated that the economy has made the necessary recovery to justify the increase in interest rates.I am not convinced that the stock market has ended it’s correction, believing that it will keep falling until the t...

Trading Journal in New Traders Sep 12, 2014 at 17:38

The S & P 500 index is losing strength and has ended the string of five weeks of gains, with the idea that the Fed will raise interest rates sooner than expected.The rise in retail sales was in line with the predictions of many economists.The consumer sentiment index rose to 84.6 in September from 82.5 in the previous month.The central bank, which meets on September 16-17, informed that the reference rates will remain low for a considerable time.The S&P 500 closed at historical maximum in September 05, after a rally of five consecutive weeks, the longest streak of gains of the year. Th...

Trading Journal in New Traders Sep 12, 2014 at 10:12

The way we trade have emotional implications, such as how our emotions impact our decisions.To succeed in the financial markets there are rules that must not be disregarded. Emotional problems such as depression, anxiety and relationship conflicts, substantially interfere with our concentration and ability to deal the normal ups and downs of markets.Additive patterns can be extremely harmful to the trader. Many trade of need and impulse, without being identified a real opportunity.In case you are dealing more with your own problems than the markets, the best deal you can do is invest in your e...

Trading Journal in New Traders Sep 10, 2014 at 18:42

Stocks have been consolidating throughout the day but I believe they’ll slide until the end of the session. The daily range of prices have been falling, and the market is getting ready for the next move. The economic calendar does presents no major news for today but the main issue of concern is whether the Federal Reserve changes its timing of interest-rate moves to the upside.S&P 500 maintained a string of 14 straight days without a move of 0.5 percent in either direction until yesterday’s decline. We shouldn’t ignore this pattern as it occurred previously to significan...

Trading Journal in New Traders Sep 10, 2014 at 06:27

After the sharp drop and incredible market recovery seen in August, the main index, i.e. S&P 500, seems to have entered in consolidation.Despite the easing of tensions among the involved parts in the conflict of Ukraine, investors remain cautious and concerned, since it is not yet in sight a solution to bring peace to the region.The referendum of 18th September in Scotland is also motive of attention, where the victory of independence may increase instability in the markets.We should consider the possibility of a profit taking by investors, as we had a very fast rise since August 8th and t...

Trading Journal in New Traders Sep 09, 2014 at 05:14

Returning from vacation, I realize the significant changes in the prices of various assets and try to align myself with the market. I can see the strong fall of the EURUSD pair, I realize the strength of the dollar and the weakness of the euro and its implications. The month of August and the beginning of September pushed the value of the pair to values approaching the prediction I’ve made on 23rd May, which points to 1.27 as the next support.The long term trend is still down. The weaker euro has it’s fundamentals well established. The ECB has made it’s move to get the pair...

Trading Journal in New Traders Aug 08, 2014 at 19:12

I’m making a break for vacation and will return in the beginning of September, to continue to analyze the market and publish my posts. The last few weeks have been really very profitable and markets gave us a few trading opportunities that only occur from time to time. Wish you all a very pleasant summer holiday.Happy Trading. :-)

Trading Journal in New Traders Aug 08, 2014 at 06:51

Today, 7th August, DAX presented a good trading opportunity and I’ve made my Short entry:Financial Instrument: Ger30 -> Entry rule: ReversalSTOP 9176.0 Stop/Entry distance 40.5SHORT 9135.5TP1 9062.0 TP1/Entry distance 73.5 TP1 RR 1.8TP2 9001.0 TP2/Entry distance 134.5 TP2 RR 3.3RR -> Reward / RiskBoth Targets were reached. :-)

Trading Journal in New Traders Aug 07, 2014 at 06:39

Major Stock Indexes were little changed and closed near the opening, creating a “Doji” Daily Candle.The slump occurred since the end of July, did not stop, not evan to “breath”, although not yet been touched we are close to major supports in all Indexes, the uncertainty of a “Doji” Candle, should not be interpreted as a potential unambiguous inversion, since there is still room for the decline.At these levels, buyers begin to appear, so we will probably be presented with an increase of the Intraday noise.Relevant Facts:- Yesterday we witnessed an increase in...

Trading Journal in New Traders Aug 06, 2014 at 06:31

Stocks have been consolidating throughout the day and at the end of the day, by 18:30H they slided significantly. The daily range of prices have been falling, and the market is getting ready for the next move. DAX30 Index (Spot Market) ended today’s session with an “Inside Day”, while Dax Futures broke yesterday’s minimum by 18:30h, i.e., two hours after the close of the European session. Dax Futures priced @ 9186.50 at European Market Close (16:30h), it reached a minimum @ 9080.5 and Closed @ 9101.0, ie, 85.5 points below the Spot Market.With this major difference b...

Trading Journal in New Traders Aug 04, 2014 at 19:23

I enjoy watching and reading the financial news throughout the day and observe the change in the headings and opinion from Bullish to Bearish and vice versa.Today I was presented with a Bullish morning and a Bearish afternoon … A better definition for this: “A cloudy day”. :-)After the significant slump from last week it’s difficult to find buyers at the major Indexes, so we will most likely observe a continuation of the decline, as we still haven’t reached a major support.

Trading Journal in New Traders Aug 01, 2014 at 18:07

Just like a friend off mine said, “It pains me to think that I profit from such a disaster”.The day was filled with relevant news and the numbers weren't so Bad, but prices are looking to find some support.The Analysis posted yesterday was fulfilled and the first target @ 9212, was reached today.I'm grateful for the extraordinary trading week. :-)

Trading Journal in New Traders Jul 31, 2014 at 19:52

With overvalued markets and the Fed stepping out of the way, the presentation of results below expectations lead investors to take profits and the markets today slided significantly.For the particular case of DAX30, the barrier of 9456.5, identified in previous analyzes, was broken today.Tomorrow we will have the famous NFP (Non Farm Payrolls), which could push the index to the next support @ 9212.

Trading Journal in New Traders Jul 30, 2014 at 11:53

The Earning Season continues to support the rising markets.Twitter has presented exceptional results, beating analyst estimates and today the market will be impacted with a day filled with relevant news.Geopolitics and the direction of U.S. interest rates are the major risk factors.

Trading Journal in New Traders Jul 30, 2014 at 06:36

U.S. stocks are ranging after the adoption of sanctions against Russia from the European Union.The last “Momentum”, which have been fueled by profits that topped analysts’ estimates, is slowing down.Today, the trading volume was relatively high in the SP500.The geopolitical risk remains high but corporate profits have supported the valuations in the main Indexes.

Trading Journal in New Traders Jul 29, 2014 at 20:50

U.S. stocks are ranging after the adoption of sanctions against Russia from the European Union.The last “Momentum”, which have been fueled by profits that topped analysts’ estimates, is slowing down.Today, the trading volume was relatively high in the SP500.The geopolitical risk remains high but corporate profits have supported the valuations in the main Indexes.

Trading Journal in New Traders Jul 28, 2014 at 17:52

The leading World Index SP500 fell today confirming the strong bearish pattern from last week.FTSE100 and Dax30 also declined mainly after the opening of the american session.Gladly my short target in Dax was reached today (9536.5). :-)

EURUSD	1.07599	GBPUSD	1.25452	AUDUSD	0.66091
USDJPY	153.053	USDCAD	1.3685	USDCHF	0.90475

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