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zala

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zala last won the day on August 31

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About zala

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  1. I took a quick short in wheat on Monday I believe. I did purely out of fundamental reasons as the USDA reported a larger harvest. Quickly exited the trade though as I couldn't see anymore down-movement.
  2. zala

    Carbon Emissions

    FX-markets are manipulated on daily basis via stop-hunting. Institutions drive prices higher or lower depending on how much orders they need to fill for their own needs as the magnitude of the contracts they possess or need to acquire is too large, and the bigger chunks are around certain price levels. So institutional traders do manipulate them daily due to their large volume. A friend of mine sits at the AEX directly, and could move crude-oil with 5-7 contracts and make it move 3-4 ticks. Eventually they threatened him with calling the SEC etc. The bigger boys seldomly experience these type of repercussions.
  3. zala

    Carbon Emissions

    Reminds me of Soros theory of reflexivity.
  4. zala

    Carbon Emissions

    Could you please elaborate?
  5. zala

    Carbon Emissions

    I got hurt by it today, but reversed it and shorted it. Found 0 fundamental news as to why it dropped (when it was happening, now it's a different story*). I'll be more careful trading markets that I know very little off. Incredible that a Norweigan trader got wiped out apparently.
  6. zala

    Fundamental book on commodities trading

    Thank you, i'll look into him further. I forgot to mention that I look at COT-data for each asset class too, especially commodities. But are there any summarizes for important reports/indicators to look at? I am really aiming to create a structure around the vastness of the information out there. Your crop chart is excellent. Trading indices my structure looks something like this; 1. Are we in earnings-season, January, April, July, October? If not, markets react more on geopolitical developments and on macroeconomic data. If yes, then its more fundamentally oriented and surrounds EPS. 2. Economic calendar, and the reading of the ViX. A higher volatility environment means a lot of news is hitting the markets, and thus wider stops. A lower ViX means that the markets are trending upwards. I usually check tradingeconomics.com for this. 3. Geopolitical developments. Elections, regulatory changes, and black-swan-events etc are used by checking Reuters, Bloomberg, Financial Times e.g. These are often more predominant factors that weigh on markets when there is very little fundamental news. That is a rough picture of how I trade. Currently I have ventured into commodities as indices show little trending movements due to the uncertainty with the trade wars. I however do not have the framework as I do in trading indices when it comes to commodities, so all information is quite new and I am constantly trying to sort out and determine what is important and what isn't.
  7. zala

    Fundamental book on commodities trading

    @TrendFollower I am an avid reader of your threads as you seem to know your stuff. However, I am way more fundamentally oriented and use volatility based stops as an e.g. and fundamentals for entries of specific asset classes. Usually I always check tradingeconomics.com for trading macroeconomical/fundamental indicators as to gauge how the economies are doing for the underlying assets that I trade, in this case usually indices such as the SP500. I follow the inbuilt Reuters feed that IG added into the new platform - an excellent feature and my compliments to the development team that it added them. My aim is to try to get a top-down view of commodities markets, with preferably a site where I can see - all- the important fundamental parameters/indicators for commodities, like tradingeconomics.com but for commodities. The inbuilt feed provides live updates, but it'd be very nice to have it visually displayable how reports change from date to date like it is shown in tradingeconomics.com. @Caseynotes suggestions are excellent, and it is exactly for that type of information I am looking for. Currently I am in the dark as to what indicators are the most important fundamentally for various commodities whereas I am very well versed when it comes to indices.
  8. I really enjoyed reading this book; https://www.amazon.com/Investing-Top-Down-Approach-Capital/dp/0071543848 Are there any other good books on fundamentals of the commodity markets? I would really like to learn the different crop-seasons for softs, and other fundamental factors that influence the prices of commodities. Any suggestions?
  9. zala

    Strong Trend for Lumber

    How much do you pay for Eikon? Is it much more convenient to have everything in one place compared to having it all scattered across sites on the web? I use Bloomberg, Reuters, FT etc too, but I've always wondered exactly how much beneficial it is just to have a platform such as Eikon?
  10. zala

    explain 3 letter code

    Likewise could be said for Google links.
  11. zala

    Inside the LME - the last of the 'pits'

    I've actually seen the LME live. Quite an interesting experience.
  12. It is quite sad, since Reuters has their principles they need to adhere to that mandate objectivity and factual reporting. https://www.thomsonreuters.com/en/about-us/trust-principles.html In 80-90% of cases they report factual reports and unbiased information, but when it comes to certain political events it's as if the editors and reporters on the stories spin flavor and saturate their own views into the story. Quite dangerous since the markets demand objective reporting and not opinion-based reporting as to make rational and critical investment decisions. I've actually thought of writing them an email regarding this issue, due to the larger amount of biased news-reporting I've been seeing lately. https://macaudailytimes.com.mo/files/pdf2017/FT-2894-2017-09-25.pdf It is in the education systems, and if Harvard is affected by this, which classically has been associated to be on the capitalistic side of the spectrum, one starts to see that this paradox is all-encompassing throughout Western-society. The riches they have amassed are indeed created by market structures, and prominent offshore havens to evade 38% corporation tax (Until Trump change that and profit repatriations have started to flow back to the U.S.*). It is thus therefor very ironic, that they are publicly outspoken and prominent champions of leftist ideologies but when it comes to business, refrain to be true capitalists. I often view the left to be a heep of caffé latte sipping drinkers, intellectuals who so to speak read the driver's manual of the car, but never drive the car and get that intuitive experience of knowledge or society. Monopoly on morality is also one of their characteristics, were being lectured on values of right and wrong creates a judgementative atmosphere, that elevates their position akin to a judge. Summarizing it, one starts to understand that they've taken for granted the riches emassed, which is the same thing they so ferociously criticize and despise - the market.
  13. zala

    Indices

    I got stopped out yesterday at the SP500 after going long, I re-entered now. Given the political news oriented around the tariffs, and the positive sentiment on a Canadian deal and solid fundamentals in the U.S. I only trade long, and enter long positions when the VIX shoots higher. DAX and the E.U. is a different beast when it comes to GDP growth versus the U.S. with core inflation at 1%.
  14. zala

    Strong Trend for Lumber

    I am interested in what news-sources you follow to get the fundamental data that you use? Trading index-futures such as the SP500 i use tradingeconomics.com, but haven't been able to find an equally matching source for commodities and their market indicators.
  15. I think everyone knows by this time that all tech companies based out of California are primarily leftist. You'll see leftist tendencies on Reuters & Bloomberg, but it is way more subtle and requires a trained eye. Reuters " special investigations " are filled with skewed leftism reports Problem is if you point this out your automatically assumed to be right-wing. It's as if everyone has forgotten that there are in fact other virtues at play than a political continuum.
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