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.
Sunday, May 5, 2013
Looking Ahead: May 6 through May 10, 2013
Both the European Central Bank and the Reserve Bank of India cut their policy interest rates last week — and both disappointed investors because they did not do more. Most economic data disappointed globally with the exception of the U.S. employment situation report.
The Reserve Bank of Australia and the Bank of England meet. Economic data mainly consists of industrial production and merchandise trade data for March. Services PMIs in Europe will be watched to see if any part of the European economy is growing. Key labour force reports will be closely watched in Australia and Canada.
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