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Showing posts with the label Trade

Trade: Euro Long

Hi all, I am long 50,000 Eur/Usd at 1.2851 with a tight stop placed at 1.2831. Will be looking forward to shift stops for the moment, initial target for this trade would be at 1.2931 for the inital 30,000 to be exited.

Buying Singapore Stocks

Hi mates, For your information, I have just bought Ascendas Real Estate Investment Trust at 1.55. This position is based on the expectation that the earnings announcement in the after hours will be better than expectation.  My view is that there'll be growth in smaller industrial spaces, as most businesses will be looking at winding down large operations to keep businesses cost efficient. Good trades.

Gold Short 500oz @ 799.68, Closed Short @ 797.91

Would like to apologies, as this came abruptly. I made a short term trade on Gold for 500oz, where  I was short from 799.68 and bought back at 797.91.  Good trades.

Short GBP/USD @ 1.7244

I am short GBP/USD at 1.7244. Stop is at Breakeven. Initial target for 30,000 exit is at 1.7214. Stop currently at entry price. As market will be volatile on pre-news announcement. Good trades

Exit 50,000 GBP/USD @ 1.3511

An early exit was made at 1.3511, as 1.3495 seems like a tough area to penetrate for the moment. This short term support may be the pivotal level for tonight's trend, therefore I feel it is worth to humble out. There is a profit of 13 pips. Will be looking forward to further enter if situation allows. Looking forward to the next trade.  Good trades.

Should We Use A Stop Loss?

I hope this video is an enlightening moment for some of us. This video does contain some vulgarities and obscene languages, so please watch only if you can accept the language. Stock Futures Trader losses it all and flips out - Watch more free videos

Economic Calendar

Due to some technical error, I am posting this events in GMT time manually.   Date Time $€£¥ Event Per. Prev. Fore. Act. Imp. 09/16 12:30 CAD Manufacturing Shipments m/m 2.1% 1.0% - 12:30 USD Core CPI m/m 0.3% 0.2% - 12:30 USD CPI 0.8% 0.0% - 13:00 USD TIC Net Long-Term Transactions 53.4B 55.0B - 14:00 USD Treasury Sec Paulson Speaks * * * 15:00 CHF Gov Board Member Hildebrand Speaks * * * 17:00 USD NAHB Housing Market Index 16 17 - 17:30 USD Treasury Sec Paulson Speaks * * * 18:15 USD FOMC Statement * * * 18:15 USD Federal Funds Rate 2.00% 2.00% -

Can Banks Be Trusted?

Today's events have indeed been a thrilling experience experience for the international markets. As I am writing this, the China Central Banks has just cut its key interest rate again by 27 basis points to spur growth, Lehman (est. 1844) has filed for Chapter 11 (Bankruptcy) , there are rounds of ECB having an emergency rate cut, UBS sneaking in to declare another $5B of writedowns, AIG seeking help from the Fed with a request of a $40B bridge loan after rejecting an offer by Flower to prevent themselves from joining the slaughterhouse where their CDs are currently gapping outwards, and it seems that the only few pieces of good news are probably that Merril had a merger with BOA, as well as a consortium of global banks have put together a $70B fund to facilitate liduidity and an orderly resolution between Lehman and their counterparties. ECB also joined in with $30B to curb liquidity woes as well.  In my opinion, it seems like an obvious trend that all Fed Governors are challenged ...