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6 daily candles to take back to 23-26 candles worth of daily gains. Goes to show that there are no prisoners !
Those in power like a bullish stock market as of late it is seen
as a kind of endorsement of their policies.So that does not look too good for those in power now with
those 2015 elections.Mind you they may not worry whilst we hold Oct lows 😉
Never give up, never surrender.
Tuesday the bulls must try and hold onto any early gains
else they are sunk.FMOC on wednesday could be worth a watch and would
be good if we got a three way move.Quad oe friday.
Still plenty of trading to be done this week.
Never give up, never surrender.
I notice that some accounts are suspending usd:rub trading as of
this morning. Another sign of how rocky markets are at the moment.
I did not intend to trade much until we get to monday 5th January
and I think that was a good move.Never give up, never surrender.
Better for bulls if US opens and drops a bit then rallies
as per euroland. No idea how high it will go. We have
a wild card FMOC day tomorrow and I may wait all day
and just trade the initial move etc.Never give up, never surrender.
Just looking at the Ftse action for yesterday and today you could see how,
selling the hod and therefore earning a good profit was possible.But some of these market moves, better to say many, are very hard to
play with sensible stops. Infact the best way maybe to use very
small trade size and large stops, if you decide to trade.Never give up, never surrender.
Dan, events around the world paint a bleak picture.
Crazy markets and crazy guys with guns.
Never give up, never surrender.
BBC talking about the chaos with the rouble but read down to the
section about what oil prices, oil producing countries need to
balance their books.http://www.bbc.co.uk/news/business-30492518
Financial chaos in many countries could lead to war for all.
Never give up, never surrender.
Yes it reckons Saudi Arabia needs $104 oil.
Saudi have a deal with the yanks to price their oil in dollars which helps keep the dollar strong. If they get cheesed off then perhaps they might sell in other currencies? That’d be a nightmare for The US.
Saudia Arabia and the other big oil producers in
the middle east have large currency reserves so
they are not vulnerable for quite sometime.US is in a good position with it’s shale deposits
even if extraction costs are on the high side.Never give up, never surrender.
I hope the US markets push up after euroland closes as it
could open an ooh trade on the Ftse etc. For me it would
have to be a very good entry to risk an overnighter.Never give up, never surrender.
I agree Paps, but then ‘I’ would……
there again, SocGen catching the Russian Cold 😮 See article above.
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