This is a relatively quiet week for RDT (read: Really Dumb Trend) system. It does not generate any signal until closing hours of Thursday U.S session. Short signals acrossed the board. I am currently shorting EURCHF, AUDJPY, Long USDCHF. I shorted EURJPY , unfortunately, got stopped out. I did not take another EURJPY short trade […]
Short quote and thought…
I read “Dollar gains as recession slashes trade deficit”. Fine. But, stronger dollar does not help export either.So,what does this trade deficit mean to you? Nothing much, I guess.
Thoughts from trading strategy development
One of my regular trading related work is constantly researching and creating trading strategies for my trading tool box. It is an interesting job. The programming, testing, and debugging are painful and sometimes, mind wrecking :-). But, it is still considered as mechanical effort, since we have the strategy, rules, the work is just translating […]
Bearish week for Euro?
I am wondering are we heading to a negative week for Euro? At least my trading idea box is calling a short now. We have Euro-Zone Industrial Production, CPI, Trade Balance figures etc coming. Generally, it looks bearish. Let’s see how it goes. Let’s have a look at the chart. (click to view full chart) […]
Short quote and thought
When trying to figure out which economic data is important right now.. It is all about putting yourself in the shoes of the central bank governor and thinking about what problems are most pressing
Weekly wrap up
I would say it was a little bit tricky this week. The RDT system went Long and short on EURJPY, Long NZDUSD, both were doing pretty good, except the Long EURJPY, which was a crap with -1R loss. GBPUSD was a discretionary trade. It didn’t meet the RDT system criteria, so the system gave it […]
