FLASH ALERT - FOMC REVIEW

• FOMC leaves rates unchanged, targeting a range of 0-0.25%
• Maintains previously stated sizes of asset purchase programs. $1.25 trillion agency MBS, $200 billion agency debt, $300 billion Treasuries
• Said it will gradually slow Treasury purchases. Expects $300 billion total purchases to be completed in October rather than September.

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The NewB Trader Report #8

Weekly Stock Quote: "I'm always thinking about losing money as opposed to making money. Don't focus on making money, focus on protecting what you have" – Paul Tudor Jones, kickass fund manager

Good morning financial rockstars! This week’s report is a part two of sorts from last week when I started Dr. Van Tharp’s 12 step personal trading system. To recap:

1) Take an inventory of YOUR strengths & weaknesses

2) Develop and open mind & gather appropriate market information that works for YOU

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Knowing When To Fold

It is inevitable throughout the life of a trader that you will go through draw-downs or bad streaks when things just don’t seem to work. Sometimes it is a good thing to give yourself a vacation to help clear away emotion and bias.

Poker players are very similar to traders in that the good ones will patiently wait and manage their stack of chips only waiting for the higher probability hands to go all in or raise the stakes. They also know when things just aren’t in their favor and fold their cards and walk away.

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Fx Strategy Weekly

In Focus – Bank of Japan, FOMC, Euro Zone GDP & CPI

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PC's Sunday Morning: COT Review

Last week equities continued higher, defying gravity. Capping off the week, employment data surprised markets coming in better than expected with payrolls contracting by 247,000 rather than by expectations of 320,000. The unemployment rate ticked down 0.1% to 9.4%.

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Please Quit Drinking the Haterade

For those that have been around this website long enough, you have noticed that we have moved from the written word, to picture shows! This move came because of multiple reasons, but mainly that we could squeeze much more information into 10 minutes of video, than 5 pages of writing. A chart is a picture and a picture is supposed to be worth a million words. If the adage is true, than 10 minutes of my vlog is worth a billion words!

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FLASH ALERT - BOE & AUSSIE UNEMPLOYMENT

Australia Unemployment

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Never Question The Market or Your Wife

I trade Forex: EUR/ USD, USD/ JPY, support/ resistance, that's pretty much me. But today I thought I'd talk a little stock market and domestic politics. What do you do when your wife (spouse) is kicking your ass in the markets?

My wife (P) has no knowledge or interest in money management, risk to reward ratios, stop losses or the like. She's the market participant that we “real” traders chuckle at. The Suze Orman disciple picking stocks like picking a brand of mayonnaise, long Cains, short Hellman's. Here's the thing: she's done well.

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NewB Trader Report #7

Weekly Stock Quote: “In the markets, each agent’s predictive models compete for survival against the models of all other agents, and the feedback that is generated causes some models to be changed and others to disappear.” – Robert Hagstrom, Author or “Investing; The Last Liberal Art” 

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FLASH ALERT - RBA ANNOUNCEMENT

Last night the reserve Bank of Australia left its cash rate at 3.00% as expected. Rates will remain unchanged until at least next year. The tone of the statement was similar to the RBA’s previous statement with some slight modifications.

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