We are traders and masters of risk. When you become pro you stop over analysing and all you do is sit there, and wait, and wait, and wait some more until you find the perfect trade. What I am saying is that the market makes all the decisions. Our only decision is to listen, feel, and respond to the market’s siren. Always and without exception. Remember, the market never lies. It is only we who lie to ourselves.
Monday, November 19, 2012
Looking Ahead: November 19 through November 23, 2012
Markets in the past week were focused on political events in Japan, China, the U.S. and the Middle East where tensions between Gaza and Israel escalated. Economic data were mostly disappointing with both the Eurozone and Japan contracting in the third quarter. U.S. data for October were mostly lower than anticipated thanks to Hurricane Sandy.
Next week, the Bank of Japan meets and the Bank of England releases the minutes of its meeting that took place earlier this month. Flash November manufacturing indexes highlight the week’s data — even though it is being released on Thursday — the Thanksgiving holiday in the U.S.
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