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Gav's trading blog - Perseverance, Consistency, Confidence

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Worries in Aussie?

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Is Australia heading to recession? Some said next 3 months are crucial…

Think of it like this: we are in a car that has been braking sharply as a result of higher interest rates, higher petrol prices, diminishing household wealth and fear of what might lie ahead. Now the car has slowed sharply, the question is whether we, the decision-makers of the economy, keep our foot on the brake, and slow down even further, or release it to keep cruising at our present speed.

The Reserve’s goal was the latter: if Australia’s growth in output slows to about 2.5% ย— 2% excluding farms and mining ย— it believes inflation will gradually crawl back within its target zone of 2% to 3%.

Are the decision-makers, the good driver? Not too sure.

Full article from TheAge.com

Trading links stocktake

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I was doing some housekeeping on my bookmarks, here are some trading links I thought it might be useful to my readers.

Trading Plan:

General trading readings

That’s all for the time being. Busy week for me, I am trying hard to allocate some time for trading, research and reading.

It is time now…let’s offer some helps

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I just finished my Sunday night scanning. Nothing popped out. So, no tips or junk idea at the moment.

The purpose of this post is to offer some helps. It is time for us to offer some help to the victims of recent China Earthquake. Here are some organization for donation

Oxfam Australia International Crisis Fund – China Earthquake

World Vision Emergency Aid – China Earthquake Relief

America Red Cross: China Earthquake relief

To all bloggers,

In case you are reading this post, write a post on your blog to encourage your readers (Probably, you have much bigger number of readers than I do ๐Ÿ™‚ ) to offer some help to the disaster victims. Tom is doing a great job.

Cheers.

It is time now…

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I was busy preparing my currency and futures trading stuffs and forgetting about making this short post. If possible, donate a portion of your monthly trading profit (Profit, if you are having a bad month, then let’s do it later) to any charity organization of your choice. Any amount, even just a small token , it really doesn’t matter.

I have a couple of friends response to me ‘ I am donating to myself’, ‘when I am making a lost, who is donating to me?’…that’s sooo lame.ย  Anyway, making donation is a personal preference, nothing is easier than taking out $20 from your profit to help some needies. Well…

Right, I have no new item in the list. Here are the two for your consideration. (Having said that, just to make it clear, I am no affiliate to these organizations, so..)

http://www.worldvision.com.au/

http://www.oxfam.org.au/donate/

Gav’s weekend rambling

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I have been spending my weekend refreshing my memory/skill of NQ futures trading. Playing around with Tradestation. Thanks to the daylight savings things, U.S market opens around 1030pm Melbourne , Australia time. I would be pretty free at this time (currency orders should already been submitted, triggered or expired so…), instead of sticking my ass on sofa watching CSI miami, I am starting my futures trading engine again. Well, let’s see how it goes, no rush though.

Over at The Lonely Trader, reader LP was asking Jay for recommendations of currencies trading books. In short, the conclusion is , all most all the books s*ck. Well, that’s a fair statement. :lol:. I was browsing around some trading portals/forums, particularly on currency trading topics, craps. Again, and again these authors, self-claimed professional traders, full time traders, are just repeatedly writing something useless. ‘Why we do not trade on NFP day’, ‘Currencies pairs personalities’, ‘how retail forex works’,’ how leverage can maximize your profit’. Yeah, these topics are just…crap..opps, sorry, …useless.Try google it, you can find the same topics easily. It is just so boring. Anyway, you can’t learn trading from reading these stuffs.

So, how to learn currency trading? Trade currencies, and find a way to save yourself, learn to survive. Uhm…that’s all the ‘advice’ I can give. ๐Ÿ™‚ If you are interested, maybe have a look at blogs like lonely trader, the3500, and of course, Trader Gav.com to find some clues about skill of exchanging currencies ๐Ÿ˜† Anyway, you have to jump into the pool to learn swimming. You can’t just googling ‘how to swim’ and expect something to happen.

Ok, enough rambling. April version of Currency Trader magazine is out, check it out. Chart scanning will be done tomorrow. I guess we should have a clearer direction next week, I hope so!

Have a good weekend.