Category Archives for General

Nice Quick Short Trade In Bonds

On today’s video I review a short trade I took in T-Bonds (USH16) futures that resulted in a quick $625 profit. I then go on to describe a beautiful long trade set up earlier in the day that I missed. Have a great day and fantastic weekend!

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Top Market Lessons for 2015, Part II

Here’s part II of the top ten market lessons for 2015.

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Post-Mortem on a BBY Covered Combo

  Hello, Friends. It’s helpful to go back over trades from time to time. Reviewing winners is normally pleasant, but I find that I learn more from the ones that got away. The trade that I would like to discuss today was an odd hybrid; a trade that produced a small profit despite some poor […]

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Closing A Short EUR/GBP Trade (Profitably)

Hello, Friends. On August 15, a post here suggested establishing short positions in EUR/GBP around the spot level at the time, 0.8025, with a stop above 0.8050 and an initial profit target of 0.7955. Since that was posted, the high in the pair has been 0.8027,  and the profit objective was achieved earlier today, for a […]

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There’s Added Event Risk Today (Twice)

Hello, Friends. We have a couple of extra features today, in the form of potentially important, and market-moving, speeches by Fed Chair Yellen and European Central Bank President Draghi. Dr. Yellen’s speech will be delivered at a breakfast, 10 AM EST, while Dr. Draghi waits until the dessert plates are brought in, at 2:30 EST. […]

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Quick Notes on EUR/GBP, FOMC

Hello, Friends. Currencies generally respond quickly to changes in the market’s perception of future interest rate differentials. My current favorite short, EUR/GBP, had a rough day yesterday as inflation data seemed to indicate that interest rate hikes might be farther off than previously anticipated. All is forgiven this morning, as the minutes from the Monetary […]

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Following Up on GBP (With a Segue to EUR/GBP)

Happy Friday, Friends. My daughter is interning at a money management firm in Boston. She reports that the office is more than half empty, and that all of the brass have already departed for the Cape or other weekend spots. That’s pretty typical of all asset managers in August, and it’s one reason why reactions […]

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