Something Interesting

[Caseynotes]

USDCNH is flying up to key resistance could mean Govt interventions coming or are they going to let it go through 70000? 

Weekly chart;

[phillo]

the stock market in China sure has some great trend days ( if only I were awake to take advantage ! )

[Caseynotes]

Sources: PBOC will not let the Yuan weaken past 7.00 per Dollar - Reuters

[phillo]

resistance zone reached

[Caseynotes]

They said they would act so they will have to do something but what and when. Most of China's debt is in USD so it's getting more expensive and also a history of capital flight when the Yuan weakens to these levels.

[phillo]

On ‎17‎/‎05‎/‎2019 at 10:58, elle said:

resistance zone reached

currently  , a closer look. A significant level 

[phillo]

On ‎20‎/‎05‎/‎2019 at 06:45, elle said:

currently  , a closer look. A significant level 

so far, seems so

[Caseynotes]

Chinese officials issue a warning over the weekend to anyone tempted to short the Yuan;

YUAN TALKS @YuanTalks

Guo Shuqing, chairman of the banking and insurance regulator: Short-term fluctuation of the #yuan is normal; those betting agst the yuan will suffer heavy losses.

(We posted this during the weekend. CCTV is broadcasting it again so we give you a heads-up)

[phillo]

On ‎17‎/‎05‎/‎2019 at 10:58, elle said:

resistance zone reached

Tap, tap, break ?    

[Caseynotes]

Peeps must be wondering what the Govt has up it's sleeve, they promised to wheel out the big guns if anyone dared to short the Yuan. see pic.

 

[Caseynotes]

Shopify inc could be ready to break out, had a great year so far.

 

Edited July 26, 2019 by Caseynotes

[Caseynotes]

Very good 25 min video from SMB Capital on how stock selection is just as important as the trade set up. Workshop on how to improve trading by upping stock selection.

SMB Capital

Published on Jul 25, 2019

 

 

[phillo]

On ‎07‎/‎06‎/‎2019 at 07:01, elle said:

Tap, tap, break ?    

Break

[StormChaser]

If your thesis is that China will intervene you'd sell into the move.  On the other hand, commentary is that 7 was never guaranteed to be a magic number.

[Caseynotes]

On 26/07/2019 at 16:37, Caseynotes said:

Shopify inc could be ready to break out, had a great year so far.

 

Just to update the Shopify chart;

[phillo]

On ‎05‎/‎08‎/‎2019 at 06:50, elle said:

Break

resistance became support ....................

[phillo]

[Caseynotes]

Everyone seems to be going vertical screens lately, the problem of course is have you got enough?

[dmedin]

50 minutes ago, Caseynotes said:

Everyone seems to be going vertical screens lately, the problem of course is have you got enough?

 

 

I doubt anyone has enough eyeballs to be able to use all of that at once.

[Caseynotes]

Fascinating lecture on Poker Economics, one of the  MIT's OpenCourseWare series .

Delves into early Credit Creation and money and debt by linking poker in the early 1800's in the US mid west to soft banks and onto the formation of the CME futures market in the same region. Then comes back to poker and it's links to quant analysis in the 1980's, beating casinos and the emergence of hedge funds.

Just over a hour long.

 

[phillo]

On ‎25‎/‎08‎/‎2019 at 21:04, elle said:

 

[Caseynotes]

"China exporters praying weaker yuan will save them from Donald Trump’s higher trade war tariffs"

https://www.scmp.com/economy/china-economy/article/3024557/china-exporters-praying-weaker-yuan-will-save-them-donald

[Caseynotes]

5 min video on the 'Monty Hall Problem', interesting look at probability. Not sure how to use it in trading but a must if on a game show.

 

[Caseynotes]

A bit off topic but very worrying just the same.

https://www.tylervigen.com/spurious-correlations

[Caseynotes]

Liquidity Providers, Brokers, market models, ECN/STP/MTF model, market maker model, offshore regulation.

Short article on all you need to know to become a Liquidity Provider (except how to get the startup capital).

https://www.leaprate.com/forex/liquidity/all-you-need-to-know-to-become-a-liquidity-provider/

 

[Caseynotes]

Video on how the scammers on instagram, myfacebook etc turn up with fantastic looking 'live' account records with reputable brokers by using white labeled fake mt4 servers. Scamming is clearing becoming a massive industry in the world of retail trading (as if it wasn't big already).

Very strong language

 

Edited September 28, 2019 by Caseynotes

[Caseynotes]

2 minutes ago, TrendFollower said:

Oh a something interesting thread. 

I love playing Texas Hold Em Up Poker. Do you play Poker @Caseynotes?

I prefer the Texas Hold Em up version to say three card or other varieties. What do you think?

It is great to use Poker when looking at odds and probabilities. What do you think?

I used to watch the professionals play Poker on TV. Someone whom I have known since I was a child actually won Poker Million and I watched him play live on Sky Sports. 

There are quite a few traders who use poker analogies or refer to poker. You may have come across them. 

I think the Scandinavian professional poker players (if you ever watch them) play quite an aggressive style especially on flush draws. Have you noticed? If you try and relate this to trading then you may get some traders who trade aggressively for a short period when the price crosses the 20 DMA but then revert to a less aggressive stance as the price moves towards say a 200 DMA on any breakout after a long correction or fall. 

can't imagine why you would tag me for this and it's not really interesting.

[Caseynotes]

2 minutes ago, TrendFollower said:

@Caseynotes,

You don't find Poker a fascinating game? I find it interesting and fascinating. I love the game. Well I find it interesting. I may even set up a thread in relation to Poker and Trading. 

I think you posted the above this month. 

yes and it's an excellent video that you didn't watch before making comment, shame.

[Caseynotes]

1 hour ago, TrendFollower said:

I wonder how many people on the IG Community watch over an hour of this? Just out of interest did you actually watch it? What do you think of his humour in regards to Ace beating King in the video?

Yes of course I watched it, chiefly because it wasn't really about poker. It was about debt. How trade and commerce functioned in the absence of money in the very early US mid west and lead to the founding of the CME and the whole futures market.

[Caseynotes]

 

“I Gamble Because I’m Good at It,” Says IG Founder in New Book

Stuart Wheeler's autobiography delves into IG's early days and provides some insider insights on British politics

https://www.financemagnates.com/forex/analysis/i-gamble-because-im-good-at-it-says-ig-founder-in-new-book/