Ftse trading diary 16th May

Posted on | May 16, 2012 | Comments Off

Trend is down

sell 5361 stop 7 7.25am

sell 5362

-1

sell 5384 5 stop 9.08

sell 5399

+15

Had to do other things, but the market was like a roller coaster. I don’t know if I would have made, probably just broke even, although there were a few traps that could have been sticky

Ftse trading diary May 15th

Posted on | May 15, 2012 | Comments Off

7.40am

Market looks to be trending up in early hours trading.
Greece continues to jitter the market, to what extent that is already priced in is unknown.
Will the market continue lower as long as bad news is on the table
Where will the good news come from to improve confidence?
Will talk of Greece leaving Euro increase or decrease confidence?

sell 5463 short 5 7.49am
For a quick 5-10 minute trade, expecting a 10 point drop
shorted out
-5

This was a bad trade because it was a pure gamble, little thought process. These are the kinds of trades I must eliminate and I must paper trade until they are gone.

Don’t predict the market, let the price indicate the trend.

The price does not always indicate where the trend is going, it’s at these points I should not trade.

Don’t think about what the market is going to do but let your eyes tell you in the simplest terms where the trend is going.

The chart is telling me buy, 803am but my brain keeps telling me, “what about Greece?”

The trend took it past 5500 at 8.50am and now it’s swinging down

sell 5489 stop 5 9.07am

As news is still bad I see no reason for the trend to stop going down and even if it is now sideways we are probably at the top of it. Possible 5440 by 10am, but there is no real way of knowing that, but it feels right.

There I go thinking again.

Sell at 5474
+15

Mostly out because am going to be busy on a coaching call, but seems to be the right time to get out whilst we see what the market mood is.

Buy 5459 12.21 short 5
shorted out
-5

Trend is down, but how low can it go.

Don’t think, look at the chart.

Buy 5459 12.21pm short 5
shorted out
-5

sell 5452 short 7 12.24

Trend is down
GO with trend
It’s a no brainer but my brain fights what it sees

shorted out

-7

Rest of the day I was doing other things, but there were a couple of chances.
It may be I am trading too much and need to make only 3 trades a day when the set ups are obvious.

Ftse Trading snapshot from Twitter

Posted on | May 15, 2012 | Comments Off

Ftse Trading Notes May 14th

Posted on | May 14, 2012 | Comments Off

14th May

sell 5502 with 10 stop

Indicators are at 7am 5519
8.05 5503

Current is down at 5573 Profit of 29
+29

Switch may be in progress but news sentiment is down because of Greece

Change to stop of 5
Now at 5471 9.25am

Sell if raises to 5480 – this was hit at 10.06
-5

Buy 5487 10.20 5 stop

Retrenched low indicates higher swing

Stop triggered at 5482 10.29am
-5

Paying more attention I probably would have sold sooner and it may be that it has hit the bottom hence the tight stop

sell 5477 stop 4 10.36am

stop triggered at 10.43
-4

Looks like the top and bottom has been created

buy 5475 11.13am stop 5

Expecting the bottom to have reached and hope fully catch 5-10 points
sell at 5480
sold at 5480
+5

sell 5478
stop 7

Expecting it to go to 5470 because of early indicators of a down trend back at 10am

if at
5470
sell
set 11.48

Hopefully let fall continue

sell 5467 11.58am
probably hit the bottom, lock in profit
+10

Trend still down from 10am
Ouch, missed a huge 30 point dropped at 12.00

Sell5440 12.01 stop 7
looks to have more juice in it
stopped out
-7

According to the trend lind set from 8am it’s looking to drop again just before 1pm

sell 5464 stop 5 12.28
trend line down indicates sale

sell 5457
+7

Buy 5440 stop 7 14.02

It has followed the line drawn and is currently as the bottom of the day.

sell 5454 15.31
+14

Total points made 44
Spread not added
These are my personal notes and not meant as advice.

Tweets on JP Morgan

Posted on | May 14, 2012 | Comments Off

JP Morgan Problems this Monday

Posted on | May 14, 2012 | Comments Off

Ina Drew JPMorgan Departure: Bank Expected To Accept …

www.huffingtonpost.com5/13/12

NEW YORK — JPMorgan Chase is expected to accept the resignation of one of the highest-ranking women on Wall Street after the bank lost $2 billion in a trading blunder, a person familiar with the matter said Sunday.

JPMorgan chief: $2B loss gives regulators new ammunition – The …

thehill.com5/13/12

Jamie Dimon, the CEO of JP Morgan Chase said on Sunday's “Meet the Press” that his bank's massive $2 billion lost bet revealed last week has given financial regulators more ammunition to tighten banking rules. Yes …

JPMorgan and Solyndra – NYTimes.com

krugman.blogs.nytimes.com5/12/12

I haven't weighed in on the JPMorgan stuff, because I haven't had time to figure out the whole thing. I would say that I've always wondered why Jamie Dimon had such a reputation for smarts, since nothing I've seen seemed to …

Facts about JP Morgan — Marginal Revolution

marginalrevolution.com5/12/12

The banking unit of JPMorgan Chase alone made $12.4 billion last year. The holding company has over $2.26 trillion in assets and is the largest U.S. bank and 8th largest in the world. The holding company made $29.9 billion …

JP MORGAN'S VAR MODEL DID NOT CAPTURE LIQUIDITY RISK …

pragcap.com5/14/12

As discussed earlier, we've had a substantial divergence between investment grade (IG) and high yield (HY) CDX spreads that started this year. These two indices historically move in tandem. There has been speculation in …

Three JPMorgan Execs Expected To Leave This Week Following $2 …

www.businessinsider.com5/13/12

Last week, JPMorgan disclosed the trading loss in the bank's 10-Q filing and shortly after chief executive Jamie Dimon held a surprise conference call where he said it was an "egregious error." Following the news of the …

JP Morgan May Lose Sway in DC – Wall Street Journal

news.google.com

Daily BeastJP Morgan May Lose Sway in DCWall Street JournalBy SCOTT PATTERSON And VICTORIA MCGRANE If a $2 billion loss wasn’t bad enough, JP Morgan Chase & Co. might have lost something else from its misfired trade: its clout in Washington. Since 20 …

Analysis: Fed regulators in hot seat over JPMorgan loss – Reuters

news.google.com

FirstpostAnalysis: Fed regulators in hot seat over JPMorgan lossReutersBy Jonathan Spicer and Mark Felsenthal | NEW YORK/WASHINGTON (Reuters) – NEW YORK/WASHINGTON (Reuters) – JPMorgan’s $2 billion-plus trading loss raises serious questions about whe …

Key JPMorgan execs to depart as early as this week, according to reports – Washington Post

news.google.com

Key JPMorgan execs to depart as early as this week, according to reportsWashington PostMay 13 (Bloomberg) — JPMorgan Chase & Co. executives in the bank’s chief investment office will leave as early as this week after the firm suffered a $2 billion t …

Currency Arbitrage Trading

Posted on | February 29, 2012 | Comments Off

Triangle or triangular arbitrage
http://blog.nobletrading.com
Forex Arbitrage Strategy Revealed Effectively Identifying Profitable Currency Pairs
http://www.webwire.com/ViewPressRel.asp?aId=136873
Strategies for Currency Investors
http://seekingalpha.com
Triangle Forex Arbitrage Strategy
http://www.stockmarketcats.com
General Stock Investment Strategies/arbitrage currency exchange
http://en.allexperts.com
How do I use an arbitrage strategy in forex trading?
http://www.investopedia.com

ForeX Trading for Maximum Profit: The Best Kept Secret Off Wall Street

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Candlestick and Pivot Point Trading Triggers: Setups for Stock, Forex, and Futures Markets (Wiley Trading)

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Trading Forex for a Living: A Practical Guide to Achieving Financial Independence with the Foreign Currency Markets

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Recent Posts

• Ftse trading diary 16th May
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