August 21, 2012
- in Uncategorized by schooloftrade
Traders Prep for Redbook while reacting to Europe
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The James’ Report: Day Trading Strategies for Professional Traders
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The Trader’s Journey; A professional trader goes through many phases of their careers, and even though every person has a different story to tell, they are always consistent with other traders. Think of where you are today, where you’ve been in the past, and where you’re working hard to be in the future with your trading career. This experience has been marked by traders before us, leaving us their paths in the markets, telling us how to trade more effectively, with less risk and more reward. We have access to learning from this trader’s journey every day if we look close enough. Right now there’s someone teaching you based on their experiences along their journey, trying to help you along your way as well. Find that person in your trading career and ask them for guidance, ask them for help along the path to trading success. —————————————————————————————
News from Europe this morning:
– Moody’s: Euro zone crisis is at best at the half way point; Greece and Ireland may need until 2016 to improve finances
– RBA: Stance of monetary policy remained appropriate; Would take some time for prior rate cuts to take effect
– SNB purchased Aussie dollars
– Spain may turn Bad Bank into Investment Fund
– RBA: Stance of monetary policy remained appropriate; Would take some time for prior rate cuts to take effect
– SNB purchased Aussie dollars
– Spain may turn Bad Bank into Investment Fund
– Following the positive open, European indices have continued to trade higher, led by indices in Italy and France. European financials are broadly higher and outperformers include French and Italian banks. Resources related firms are also gaining, in line with the rise seen for Chinese equities and commodity prices.
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