Friday, 19 November 2010

European Ben

We had Ben Bernanke here in Europe spreading his message. Not much effect on the markets. The Chinese announcing some policy change created a little blip while Ben was talking. Trichet showed what a big fan of Ben he is. Rome and fiddles come to mind. You can read the text of his speech here.

I did some trades in my old market, the German Bund (I traded it when LIFFE owned it). Not so many trades but the net was quite green.

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2 comments:

  1. Anonymous20 November 2010 at 07:53

    Hello,

    Been following you for a while and I have two questions. You seem comfortable trading a lot of different markets. On any given day, what makes you trade the market you do?

    Also, have you done any studies on how different markets correlate to one another? I find often times my best opportunities come when one market spikes, or dips hard, for whatever reason, and the rest follow. Kind of like a rising tide lifts all boats. Seems to happen often in commodities, during the low volume mid-day hours in the US. Like today, an hour into the US session, gold started showing a lot of strength. Crude followed and then about 5 minutes later, 6E spiked a quick 15 points, as if it needed to catch up. Didn't need a perfect entrance or set up, just jump on and jump off.

    Anyways, thanks for all the insights. Great stuff.

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  2. Electronic Local20 November 2010 at 15:24

    Anon 07:53, It depends on what I see on the asian markets overnight. I always want to trade the Euro plus an index. If there was no action in those o/n I'll look elsewhere. I don't look for one market impacting another as it's a level of complexity too much for me. It's really KISS, 1 market, 1 chart, 1 timeframe.

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