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, January 13, 2013
Looking Ahead: January 14 through January 18, 2013
It was a mostly quiet week with no new news from either the Bank of England or the European Central Bank. The Bank of Korea also maintained the status quo. European economic data centered on monthly merchandise trade and industrial output data. German manufacturing orders and industrial output disappointed as did UK industrial and manufacturing output.
The spate of merchandise trade and output data continues this week. The pace of new data releases in the Asia Pacific region picks up as China releases its fourth quarter growth data along with key industrial production and retail sales data for December. Australia’s labour force survey will attract wide interest in the financial markets as well.
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