Welcome to Scribd. Sign in or start your free trial to enjoy unlimited e-books, audiobooks & documents.Find out more
Download
Standard view
Full view
of .
Look up keyword
Like this
2Activity
0 of .
Results for:
No results containing your search query
P. 1
Rob Booker Market Notes, Feb 28. 2011

Rob Booker Market Notes, Feb 28. 2011

Ratings:
(0)
|Views: 99|Likes:
Published by robbooker
Rob Booker's market notes.
Rob Booker's market notes.

More info:

Published by: robbooker on Feb 28, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

11/13/2012

pdf

text

original

 
 
Page | 1Rob Booker’s Market Notes | February 24, 2011 | Rob.bz (blog), RobBooker.com (free ebooks + managed accounts), @robbiebooker  Trading involves substantial risk of loss. Past performance is not necessarily indicative of future results.This is not a trade recommendation and is provided for informational purposes only.
I’ll have the Bald Eagle breakfast burrito to go
Traders around the world are trying to guess which CentralBank is going to be the most aggressive in hiking interestrates to combat a (supposed) coming wave of inflation.All eyes are on the European Central Bank, the US FederalReserve, and the Bank of England. Each bank has jockeyed for position as bank with the most serious tone;but none has really emerged as the clear winner.Right now, it seems that the Bank of England (the first ofthe three to really talk seriously about this) is ahead of thecurve, followed by the Europeans (long noted for theirwillingness to hike or stay high longer than others), with theUS brining up the rear. What does this mean? That theEuro and GBP can see quick jumps upward (against theUSD, or the JPY, in particular) as traders seek to get inearly on an expected upward trend.It’s not such a stretch to think of a strong Euro – it’s alreadyclose to its highs for the year. But the GBP/JPY? Today, I’lltake a look at some of the medium-term charts today, withan eye to these possible future moves.
The Wallaby Book is Coming Soon What is the Wallaby?
Wallaby Trading is counter-trend trading. For trend-traders, thatmeans that the Wallaby is a method for watching for a pullback on ashort-term chart to trade with the longer-term trend. For straight-upcontrarians, the Wallaby trade is a step-by-step guide through theworld of trading divergence and looking for peaks and valleys in pricemovement. The book is at the printer. It’s coming soon.
February 28, 2011: Inflation Expectations Rule Trading
 
 
Page | 2Rob Booker’s Market Notes | February 24, 2011 | Rob.bz (blog), RobBooker.com (free ebooks + managed accounts), @robbiebooker  Trading involves substantial risk of loss. Past performance is not necessarily indicative of future results.This is not a trade recommendation and is provided for informational purposes only.
Trading foreign exchange on margin carries a high level ofrisk, and may not be suitable for all investors. The highdegree of leverage can work against you as well as for you.Before deciding to trade foreign exchange you shouldcarefully consider your investment objectives, level ofexperience, and risk appetite. The possibility exists that youcould sustain a loss of some or all of your initial investmentand therefore you should not invest money that you cannotafford to lose. You should be aware of all the risksassociated with foreign exchange trading, and seek advicefrom an independent financial advisor if you have anydoubts.
Not A Trade Recommendation
Nothing in this document should be interpreted as a traderecommendation. It should not be relied upon for the purpose of makingan investment decision for your own account, or to invest in for Rob’smanaged account service. You must read and sign a full (regulated)disclosure document before investing. Any results listed in this morningnotes document are hypothetical in nature, unless specifically notedotherwise, and Rob does not take every trade idea that is listed herein.These notes are part of Rob’s daily preparation for trading and areprovided to you for informational purposes only.
Hypothetical Results:
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANYINHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBEDBELOW. NO REPRESENTATION IS BEING MADE THAT ANYACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS ORLOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE AREFREQUENTLY SHARP DIFFERENCES BETWEENHYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUALRESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULARTRADING PROGRAM.ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCERESULTS IS THAT THEY ARE GENERALLY PREPARED WITHTHE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICALTRADING DOES NOT INVOLVE FINANCIAL RISK, AND NOHYPOTHETICAL TRADING RECORD CAN COMPLETELYACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUALTRADING. FOR EXAMPLE, THE ABILITY TO WITHSTANDLOSSES OR TO ADHERE TO A PARTICULAR TRADINGPROGRAM IN SPITE OF TRADING LOSSES ARE MATERIALPOINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUALTRADING RESULTS. THERE ARE NUMEROUS OTHERFACTORS RELATED TO THE MARKETS IN GENERAL OR TOTHE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAMWHICH CANNOT BE FULLY ACCOUNTED FOR IN THEPREPARATION OF HYPOTHETICAL PERFORMANCE RESULTSAND ALL OF WHICH CAN ADVERSELY AFFECT ACTUALTRADING RESULTS.
Risk Disclosure
 
 
 
Page | 3Rob Booker’s Market Notes | February 24, 2011 | Rob.bz (blog), RobBooker.com (free ebooks + managed accounts), @robbiebooker  Trading involves substantial risk of loss. Past performance is not necessarily indicative of future results.This is not a trade recommendation and is provided for informational purposes only.
: LT
If Jeff Gordon can make a comeback onthe Nascar track, then the EUR/USDsurely has a chance too. But is this forreal? What’s driving it? My only answer:Risk is back. At least until it’s not.
I don’t have a long term setup here, butwhen a currency pair gets this close tothe 800 Simple Moving Average, it seemslikely to hit it. A move to 1.3917 woulddefinitely shake out a lot of US Dollarbulls.And peeve off a lot of traders.
What’s the setup for a short here?
Perhaps it’s in the works. But as far as thedaily chart is concerned, it’s difficult to beanything but a bull. If we move to the 15minute chart, we can see a possible selltrade opportunity: or a preview of a placewhere bulls can buy on a dip.
 
EUR/USD Daily: A Run for the 800 in the Works?

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->