Category Archives: 2 ) Trading Tips

How Professional Trader,s Cheat

Did you know third-party like Business Wire sells hedge funds an early, albeit split-second, look at corporate earnings, before retail traders see it ?
it’s perfectly legal.

The University of Michigan, for example, sells the rights to its Survey of Consumers to Reuters for $1 million a year. Reuters then sells early access to it either five minutes before the public gets it or five minutes and two second before‚ÄĒfor the HFT crowd that wants to frontrun the frontrunners.

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Trading a Mental Game .

Trading is a mental sport you have to approach it like that.

Its a well known fact that many retail traders don’t have the mental preparation to confront trading markets . Patience discipline simplicity the missing qualities.

Needing to be sure is what really kills traders. They seek a certainty that can’t be found, and end up on the completely wrong path.

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Transition will ensure that the changes you want to make will be the right ones and will leave your trading business in better shape than ever.

Why ?

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ECB‚Äôs buzzwords/phrases – Part 2 ) Traders Caught with there Pants Down .

Posted Under ” Fundamental / News Price Action “

ECB Summary So far this Year for 2011

Since the start of the year ECB have ramped up their hawkish stance on policy by dropping the appropriate buzz words to  describe rates.

Going back to the start of the year, the ECB announced that they would ‚Äúmonitor very closely‚ÄĚ in January and February before signaling ‚Äústrong vigilance‚ÄĚ in March.

In January, they introduced the statement that they see short-term upward pressure on overall inflation, and at the same time ‚Äúvery close monitoring is warranted.‚ÄĚ

In March, the ECB signalled an April rate hike by announcing that ‚Äústrong vigilance‚ÄĚ was warranted on upside inflation pressures.

The Following month the ECB hiked interest rates in April to 1.25% from 1.00%.

Last month, the ECB signaled that they will ‚Äúmonitor very closely‚ÄĚ the upside risk to price developments. The policy stance was described as ‚Äúaccommodative‚ÄĚ.

Trichet latest comments for June of “Strong vigilance” would indicate a hiking of rates next month.

It is a phrase used repeatedly between 2005 and 2007, typically one month before it raised rates, although not always .

Eur/usd Daytrading

From a Day-trading Perspective Price reaction was pretty impressive with quite Erratic price reaction as Many Traders  were caught of guard with their pants Down from the Get go of the ECB press conference .

If you,re new to trading or the blog please also read these two short pieces below for further insight . It is essential to have a basic concept of Buzz Words to approach and do battle within the Fx market even if you are a purely Technical Trader like myself it is essential to be prepared even if Fundamentals are not your forte . 

ECB’s buzzwords/phrases      Planned and unplanned announcements

” Fundamental / News Price Action “

The baldy one has spoken ‚Äď Copyright ¬© 2011 FreshleySqueezedPips



The essence of Good Order/Entry execution

Trading Tips Edition 6 “

When trading is it critical to always use a top down approach .

Once the Direction of the auction Process broader flow has been determined only then must you trade “against” the Flow .

Going against the Flow ?

Buy into weakness /Sell into Strength …

Always Trade when price is moving against your predicted direction – let the market come to you eliminating chasing market Price .

This is the essence of good Order/Entry execution .

The baldy one has spoken ‚Äď Copyright ¬© 2011 Freshley Squeezed pips


Trading Tips Edition 6 “

Trader,s Exercise for a Primed Mindset

A Trader must be mentally in the right position to trade – An ineffective mindset leads only to further loses .

Decision making in highly pressurized situations such as Trading is mentally draining , it is important to remember to give yourself some time to recoup your expended – Emotional Capital .

This is why it is utmost to take a break for a few minutes after a losing or winning trade to settle your emotions .

This simple exercise of using a ¬† ¬† ¬† “Break-Time” ¬† ¬† ¬† ¬† enables you to recreate the correct focused mindset to get you back into your Zone of -Effective¬† winning behavior¬† & thus enable you to see your Day end through in a Highly Disciplined manner .

This is the essence to obtaining a primed Mindset .
Why these essential steps i personally take after each Trade exited aid toward consistency of my own execution trade after trade day in day out  .

Entry of clarity –

After Exiting  each trade i take ,

step 1 Take 5 mins away from Pc/Screen ( get up walk get a drink , exercise etc )
step 2 Settle any emotions / anger / stress  nagging in the back of my mind .
step 3 Once i,ve cleared my head & feeling calm / relaxed & settled .

step 4 Come back refreshed & start re focused  all of my new energy on the next setup from an optimum state of mind .

So what advantages does this effective exercise make  ?

The next execution of ones trade in Orderly fashion in which your entry execution is one of complete calm married with complete  Clarity to coin my own phrase  i,e Entry of clarity is essentially what its all about .
Trading is all about the ability to take a win/loss and move onto the next trade
without it having any effect on the manner in which you trade .

I find this simple method works for me own ethos , hopefully it will help yours to.

See also  Mental Toughness on performance slump & account stagnation . 

The baldy one has spoken ‚Äď Copyright ¬© 2011 tweeterTrades

“ Traders wisdom Edition “

It is not down to you being right ?

It is not down to you being right , it is down to understanding how the market is going to act .

tweeterTrades .

The baldy one has spoken ‚Äď Copyright ¬© 2011

ECB’s buzzwords/phrases

For any Fx newbies and Pro,s alike In terms of the Eurozone Last month President Jean Claude Trichet employed the phrase ‚Äúmonitor closely‚ÄĚ when referring to inflation .

Thursday sees the European Central Bank’s rate announcement this is one of the defining events of the week, particularly the inflation rate now up to 2.4%, around 0.5% above the ECB’s mandated target.

During the press conference after the release pay close attention to the buzzwords/phrases that come out of Trichet,s  mouth .

These phrases are listed in ascending order with regards to the ECB’s level of inflation concern        {     employed buzzwords phrases   }

‚Äúheightened alertness‚ÄĚ,

‚Äúvigilant‚ÄĚ or ‚Äústrongly vigilant‚ÄĚ.

Market participants dont expect ECB to adjust their current interest rate from 1.00% but rather anticipating a hectic preceeding at the press conference . We also see US Non Farm Payrolls, two events that will give traders plenty of profit making opportunities.

Have a Great week $

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Other key news out this week .

‚ÄĘ Wednesday: ADP Employment Change (US)

‚ÄĘ Thursday: ISM Non-Manufacturing (US), ECB Rate Announcement

‚ÄĘ Friday: Change in Non-farm Payrolls (US)