Stevet So how did you learn ? I learnt from others and then adapted the methods to my own personality and work ethics. The methods are easy and so many to choose from the difficult part is matching the right ones to your own personality. The lack of suggestions points one of the following. No one is listening You are freighted to be wrong, well if so how you ever going to pull the trigger. i have gotten it wrong more times than I can remember in the last 20 years but made plenty of money so never be afraid to be wrong. or lots of people talking a good fight but just talk. let me know which one so I can stop wasting my time.
I moved this thread to the 'Trading' forum as it took on a life of its own and became a trading thread as opposed to a "Hook Up' thread. I would suggest that if you wish to continue to hook up with other UK traders that another thread be started and kept on topic.
You will find that there are not many bond traders around. But please do tell us how you have been doing. As I said earlier I have not traded bonds before but i am looking forward to the comments posted here. regards
if we assume that recent bull run on stocks is a temprorary and Fed Reserve is going to cut the interest rate at their next meeting then maybe it is a very good time to go into short dated bonds. But i suppose this is from fundementials point of view.
First of all it is just data that moves around due to supply and demand it could be Beans, AOl, Dell the S&P or eggs (any one remember eggs);. Ok you are looking at it from a fundamental point of view and looking for a long entry. So we can use technicals for the timing. So first were is the danger to a long trader, I would say it is at the high point set on the chart a few days ago as this could be a double top. The market has pulled back from the high so has it revered at the double top ? well who knows probably now one. However, as it has pulled back on light volume it suggests there there is little conviction in the down trend at the moment so do we enter when it starts back up or wait for the break out or just short it. At this stage all we have is a set up and we have to wait for the confirmation as to the real direction at this point. By the way the chart are bars of daily data but the principle would be the same if they were 5 min bars of AOL
you may want to bear in mind that the moment you hear a bit of news - at that very second its immediate effect is factored into the price - if you then try to second guess what the next immediate or future move - that you feel the market has not taken into account - you are then gambling - against the majority and that costs bucks
Stevet So how do you deal with this ? I am a technical trader trying to hitch a ride and the trend so I am not looking for news just dealing with price movement. To me the only useful new would be classed as insider dealing and as I do not trade stocks. Sounds like we have some fundamentalists out there who deal with news so let hear how?