Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Cory2679

Cory2679's Log

Recommended Posts

Based on some advice from Dinerotrader, in jonbig04 fashion, I've decided to start my own log thread!

 

If anyone is curious about what type of approach I'm trading, just check out my history of posts over at the Reading Charts in Real Time thread.

 

I'll begin with my post from the Trader P/L 2010 thread that lead to me starting this log...

 

Well, I'm back from my little hiatus from this thread.

 

Since I began trading live the beginning of this year, I've done well week to week. However, my results have been scattered...I'll trade with small leverage, then huge leverage, then medium leverage, then demo, then stop for a while, then live again, etc.

 

Because of this, I feel like I've basically been just spinning my tires and getting nowhere. Therefore, I figured I needed to come up with a game-plan and stick to it!

 

So, here it is:

 

I'm beginning this Monday with a $5,000 FXCM Micro UK demo account that I just opened ($5,000 is the default and I can't change it...I asked). I'll be risking 5% of my account on the initial risk of each trade. I'll calculate the dollar amount for the risk based on the beginning balance of the account each week.

 

I know 5% is relatively high position sizing, but the way I'm looking at it is that if I'm having large enough drawdowns to where risking 5% per trade becomes an issue, I'm not trading well enough and need to work on that.

 

My plan is to trade this account until I have three weeks in a row net profitable. After that, I'll move back to my FXCM Micro UK live account, with $500 (the "recommended" minimum account size). I'll trade that account until I have three weeks in a row net profitable (ideally the first three weeks, of course!). Then finally, after that, I'll make a deposit to my live account to bring it to $5,000 (the maximum account size...it won't allow you to deposit funds past this point), and go from there!

 

I plan to post my weekly results on this thread each Friday.

 

I hope to be able to average 25% per week with the size I'm trading. I'm more conservatively hoping to average at least 12.5% per week. I won't even count the week as "profitable" if I have not made at least 6.25%.

 

Also, I'm going to try my best to post all of my trades on the real-time charts thread, as close to real-time as possible/reasonable/convenient. I figure it's a good way to keep track of my trades, get feedback on my trading, and to help anyone who could benefit from my posts.

 

Have a good weekend!!

AS.jpg.02f13b02547e0f5083ca5390f2fd51dd.jpg

Share this post


Link to post
Share on other sites

I plan to use this thread to post all of my trades from each day, after the day is over, and also my weekly P/L.

 

The log is also open to anything else I feel like sharing...I'll basically use it as a journal.

 

I will continue to post real-time charts over at the Reading Charts in Real Time thread, but only when it's convenient and doesn't hinder my trading in any way. I will also continue to post my weekly P/L over at the Trader P/L 2010 thread.

Share this post


Link to post
Share on other sites

I should probably mention...I'm primarily trading off of 15 minute charts on the EUR/JPY, EUR/USD, GBP/USD, & USD/JPY.

 

I will, however, use other timeframes to view the market from different perspectives and degrees of swing, to see major support/resistance, etc.

Share this post


Link to post
Share on other sites

GL on the journey Cory. You mentioned this was going to be posting a game plan, but it looks more like a goal. Is this log intended strictly as your personal pnl thread in striving for the goal listed or is this more like a journal with details about trades, what one did right, what one did wrong, how can they do better etc....

 

With kind regards,

MK

Share this post


Link to post
Share on other sites
GL on the journey Cory. You mentioned this was going to be posting a game plan, but it looks more like a goal. Is this log intended strictly as your personal pnl thread in striving for the goal listed or is this more like a journal with details about trades, what one did right, what one did wrong, how can they do better etc....

 

With kind regards,

MK

 

Thanks, MK. Yeah, when I said game plan, it's more to do with goals/milestones/consistent position sizing/etc...not so much to do with my way of trading...I'll just be doing the same old things I've been doing.

 

It will probably be more like a journal...definitely not strictly pnl.

Share this post


Link to post
Share on other sites

Have you considered that with a 5K balance, you could halve your risk, and still reach your goal. A 2.5% risk (still heavy, but still .5% below cowboy levels) with a 10R weekly target is 25%. Now there are many who would balk at the "audacity" of a 10R/week goal. But it is achievable. Also, be sure that should you suffer a string of losses, you reduce you size as your balance decreases. Your risk needs to be based on x% of closed equity, not x% of starting equity.

 

I wish you my best,

 

Thales

Share this post


Link to post
Share on other sites
Have you considered that with a 5K balance, you could halve your risk, and still reach your goal. A 2.5% risk (still heavy, but still .5% below cowboy levels) with a 10R weekly target is 25%. Now there are many who would balk at the "audacity" of a 10R/week goal. But it is achievable.

 

You've given me something to think about (thankfully I have the weekend).

 

Whatever I do, I need to stick with (at least for the duration of whatever "phase" I'm in of my plan). As long as I'm consistent, I'm happy. That way I can get a better grasp on what I can expect from my trading (whether it's 10R or -10R per week).

 

Also, be sure that should you suffer a string of losses, you reduce you size as your balance decreases. Your risk needs to be based on x% of closed equity, not x% of starting equity.

 

Thanks, will do.

Share this post


Link to post
Share on other sites

Well, I've thought about it a little bit...

 

I think for phase 1 of my plan ($5,000 demo account), I'm going to stick with the 5% position sizing. I'm basing this decision on what I said here:

 

...the way I'm looking at it is that if I'm having large enough drawdowns to where risking 5% per trade becomes an issue, I'm not trading well enough and need to work on that.

 

And it wasn't that 25% was necessarily my goal in the first place...it was more like "5R" was my goal...so whether that's 25% with 5% position sizing, or 5% with 1% position sizing, it doesn't matter to me...and if I can make 10R, that's great! 50%!

 

Also, I don't mean to limit myself to 5R or 10R or whatever...my true "goal" is infinityR...I'm trading for infinite yield. ;)

 

Although, knowing me, now that my trading is "public" and I'm beginning my new plan and everything, I'll end up psyching myself out and losing big money my first week! :o

 

When it comes time to move from phase 1 to phase 2 ($500 live account), I will reconsider my position sizing.

 

Also...on another note...scratch this...

 

I'll calculate the dollar amount for the risk based on the beginning balance of the account each week.

 

...just to be clear, what I now plan to do is calculate my position size for each trade based on whatever the current closed equity is on my account...not the beginning of the week balance.

Edited by Cory2679

Share this post


Link to post
Share on other sites
...the way I'm looking at it is that if I'm having large enough drawdowns to where risking 5% per trade becomes an issue, I'm not trading well enough and need to work on that.

 

This is a point at which you and I would disagree, and that's fine. To my way of thinking, if I am risking 1-2% and a period of draw down becomes large enough to become an issue, then I can reasonably conclude I am not trading well enough. But if I am risking 5% and the draw down becomes an issue, I can only reasonably conclude that my problem is too great of a risk of ruin, and I cannot reasonably conclude anything with respect to my trading other than my position size is too large relative to my equity.

 

Of course, George Lane used to trade a 5K account and routinely risk $500/trade day trading the SP's, so who am I to say anything? Of course, George Lane did not start out trading that size. And George could blow 5K (not that he ever did) and could pull another 5K out of his sock drawer to re-fund his account (He taught that you should never give more than 5K to your broker and that you should bring your profits home monthly).

 

I'm not trying to change your mind. Just wanted to share a differnet way of looking at the same situation that yields somewhat different conclusions from your own.

 

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites
Based on some advice from Dinerotrader, in jonbig04 fashion, I've decided to start my own log thread!

 

If anyone is curious about what type of approach I'm trading, just check out my history of posts over at the Reading Charts in Real Time thread.

 

I'll begin with my post from the Trader P/L 2010 thread that lead to me starting this log...

 

 

Awesome! I started my journal/log on day one and it really has helped keep me on track. I'm sure this thread will do the same for you. Best of luck and looking forward to following along. :beer:

Share this post


Link to post
Share on other sites
This is a point at which you and I would disagree, and that's fine.

 

Well, if "you and I would disagree," then to me that's a red flag...you have "20ish" years experience and I basically have < 1. ;)

 

Sooo...change of plans! I will risk 2% per trade!!

 

Hopefully I can average at least 10% (5R) per week trading that size...but like I said, I'm truly trading for "infinite yield."

 

I guess for the sake of my "plan," I won't count the week as "profitable" if I don't make at least 5% (2.5R).

 

I'm glad I made my initial post on Friday...there've been some serious changes to my plan over the weekend!

Share this post


Link to post
Share on other sites

Look forward to following your trading.

 

I laughed at your comments regarding the wisdom of following some of the seasoned traders here - I feel the same way - surrounded by giants!

Share this post


Link to post
Share on other sites
Well, if "you and I would disagree"...!

 

Its a fine thing to disagree with me, as I am frequently wrong (just ask my wife).

 

There is a difference between risking 5% of account equity if that is all you have and risking 5% of equity/trade if you are sitting on 20x's that much in available risk capital sitting in a 30 day t-bills.

 

I know this is a demo account, but your goal should be the inculcation of good habits, not reckless ones.

 

While it is true that demo trading and live trading are vastly different, the truth remains that if you cannot demo trade profitably, you will not trade real money profitably. So trade this as though it were real; and furthermore, trade it as though this is the last 5K you can spare to lose before you quit the dream of being a trader and instead are forced to take a job as a telemarketer working in a cubicle somewhere in the center of a hundred other cubicles at your father-in-law's fertilizer factory cold calling farmers who can't afford to buy from you.

 

Trading for infinite yield requires sound money management and a soild, consistently followed trading plan. Do not confuse trading for infinite yield with trading recklessly.

 

Good Luck!

 

Best Wishes,

 

Thales

Share this post


Link to post
Share on other sites

I agree with sir Thales there bigtime. Treat the demo trading seriously. My only other comment, and take it for what its worth.....is that you seem overly focused on making lots of money right now rather than working on skills. I mean obviously you are working on skills, but in public, its mostly just about money or 'infinite yield'. This impatience is understandable since that is probably what attracts everyone to trading and it is usually the main focus of new traders. From my own experience this was a self-defeating mindset. I'm not suggesting aiming for high financial goals isn't good, but in the end financial results are the product of the skills. Focus on the skills and the money will come. I feel this is where ones documentation and attention should lie rather than with pnl. But you don't see many public journals on this stuff because it exposes themselves and is highly personal. But on the other hand, posting journal with pnl can be ego boosting.

 

Absolutely zero disrespect intended Cory, I'm just jaw flapping and tossing 2 cents in the jar.... :2cents:

 

Warm regards,

MK

Share this post


Link to post
Share on other sites
...you seem overly focused on making lots of money right now rather than working on skills.

 

How do you figure? After all, I'm trading demo!...with the logic that if I can't be net profitable demo, I can't be net profitable live. My initial high 5% position size decision...which I've now changed to 2%...was just because of a misconception on my part of what is big when it comes to position sizing.

 

I mean obviously you are working on skills, but in public, its mostly just about money or 'infinite yield'.

 

...posting journal with pnl can be ego boosting.

 

The purpose of this thread has little to do with money...and NOTHING to do with ego...believe it or not, it has everything to do with improving my "skills!" This is a trading journal...not strictly a P/L log...and the reason it is public is so that others here at TL can follow along and that I can perhaps get feedback, help, advice, etc., in order to help continue to improve myself.

 

I'm not sure how it would be an ego booster...this is an anonymous forum...I don't know anyone on this forum outside of cyberspace. I can see maybe if I were posting P/L on facebook or something (which I'm not!)...

 

I think my usage of the term 'infinite yield' may be part of the problem...I was basically just alluding to a post thales made here with an attachment. I think reading that would help clear up a lot of the confusion...I should have posted it to begin with.

 

This impatience is understandable since that is probably what attracts everyone to trading and it is usually the main focus of new traders. From my own experience this was a self-defeating mindset. I'm not suggesting aiming for high financial goals isn't good, but in the end financial results are the product of the skills. Focus on the skills and the money will come.

 

I agree with this, but I think you've misinterpreted me if you think that this thread is focused on making a lot of money right now.

 

I feel this is where ones documentation and attention should lie rather than with pnl. But you don't see many public journals on this stuff because it exposes themselves and is highly personal.

 

It is! Read back through this log in detail...the entire reason I created the log was not to post P/L...I could do that on the P/L thread...the reason was for an area to post all of my trades!!...I want to log ALL of my trades in order to keep track for sake of review and possible feedback/advice from TL members from whom I've learned a LOT and have great respect for...and continue to learn from...

 

I think you have misinterpreted me and my intention for this journal.

 

When you asked your initial question...

 

GL on the journey Cory. You mentioned this was going to be posting a game plan, but it looks more like a goal. Is this log intended strictly as your personal pnl thread in striving for the goal listed or is this more like a journal with details about trades, what one did right, what one did wrong, how can they do better etc....

 

With kind regards,

MK

 

...I was a little confused and thought you may have missed something. I thought I had already explained...

 

...I'm going to try my best to post all of my trades on the real-time charts thread, as close to real-time as possible/reasonable/convenient. I figure it's a good way to keep track of my trades, get feedback on my trading, and to help anyone who could benefit from my posts.

 

I plan to use this thread to post all of my trades from each day, after the day is over, and also my weekly P/L.

 

The log is also open to anything else I feel like sharing...I'll basically use it as a journal.

 

I will continue to post real-time charts over at the Reading Charts in Real Time thread, but only when it's convenient and doesn't hinder my trading in any way. I will also continue to post my weekly P/L over at the Trader P/L 2010 thread.

 

Maybe part of the problem is that thus far, all I've talked about is returns/position sizing/etc...but that's just because it was the weekend...not trading, yet...I'll be posting charts, discussion, etc. this coming week.

 

I just wanted an initial game-plan for position sizing, account size, demo/live, etc., because I wanted some structure/consistency.

 

I appreciate your contribution and I'm not trying to argue...I just honestly thought you may have gotten the wrong idea from me, so I wanted to do my best to clear it up! :)

Edited by Cory2679

Share this post


Link to post
Share on other sites
Hiya Cory,

 

My apologies for my misunderstanding and your reply clears things up for me - thanks!

 

Many warm returns,

MK

 

Thanks, but no need to apologize.

 

Please don't think I was angry or anything just because I replied with a big post...it was just an effort to explain myself to you or anyone else who might take a look at my thread...I may not have been very clear in the beginning.

 

I appreciate you taking the time to contribute to my log and hope you will continue to follow along. ;)

Share this post


Link to post
Share on other sites

Here are my three trades from tonight...

 

I should mention, blue line is the entry, red line is the stop-loss.

 

Not shown: dotten purple lines are a point where I'd get to break-even, and green lines would be profit targets.

 

attachment.php?attachmentid=19003&d=1265601456

 

^^ I pulled the ripcord on this one for -12.5 ticks.

 

attachment.php?attachmentid=19004&d=1265601456

 

^^ I pulled the ripcord on this one for -19.6 ticks.

 

attachment.php?attachmentid=19005&d=1265601456

 

And finally...pulled this one for -14.8 ticks...I was considering re-entering this one on a break of the low, but price has kind of died out for the time being...and I'm tired and going to bed soon! :)

 

Finished the night down about 1.26R. Even though it wasn't a great night, I don't have any huge regrets or anything...just didn't go my way!

5aa70fc8bcca1_Trade1.jpg.0c86c73c1c37751e70983dcef37bc9ac.jpg

5aa70fc8c0aea_Trade2.jpg.dbdf3b16003d1a466c861094d4f620ed.jpg

5aa70fc8c4568_Trade3.jpg.12623f67aa90decfe22e21a26ce24615.jpg

Edited by Cory2679

Share this post


Link to post
Share on other sites
Here are my three trades from tonight...

 

I should mention, blue line is the entry, red line is the stop-loss.

 

Not shown: dotten purple lines are a point where I'd get to break-even, and green lines would be profit targets.

 

attachment.php?attachmentid=19003&d=1265601456

 

^^ I pulled the ripcord on this one for -12.5 ticks.

 

attachment.php?attachmentid=19004&d=1265601456

 

^^ I pulled the ripcord on this one for -19.6 ticks.

 

attachment.php?attachmentid=19005&d=1265601456

 

And finally...pulled this one for -14.8 ticks...I was considering re-entering this one on a break of the low, but price has kind of died out for the time being...and I'm tired and going to bed soon! :)

 

Finished the night down about 1.26R. Even though it wasn't a great night, I don't have any huge regrets or anything...just didn't go my way!

 

Interesting, it almost seems like the support you want to see broken for your entry (thus making a LL and stopping you in) wasn't breaking, but only getting pierced by enough to stop you in.

 

Just out of curiosity, why did you exit the last one?

Share this post


Link to post
Share on other sites
Just out of curiosity, why did you exit the last one?

 

Just because price didn't get very far before it came back through my entry...I decided to pull it and potentially re-enter if price broke the new low (which it hasn't yet)...

 

...you actually can't tell by my charts, but I did this on all 3 of the trades...pulled out before my stop-loss was hit...for the same reason...just no steam behind any of the moves before price came back through my entry...

Share this post


Link to post
Share on other sites

Just took another loss...

 

attachment.php?attachmentid=19008&d=1265636808

 

Pulled the ripcord for -5.8 ticks.

 

NOTE: When I say something like, "pulled the ripcord" or "pulled it," that means that I manually exited early rather than waiting to be stopped out.

GU15M.jpg.b7f77fdc88e7530d86d82b2452984b6e.jpg

Share this post


Link to post
Share on other sites

Good morning,

 

Q : Pulling the ripcord - due to no steam behind the move.

 

Sounds like a subjective feeling - or are you using some indicator as well?

How iron clad are your trading rules?

 

I only ask - because as a somewhat rookie still (1 year) of trading - I still dont trust my subjective gut. Wondering when some of the veterans will start trusting their instinct more than their screen. (getting out because "it didnt feel right").

 

Enjoying the thread.

Share this post


Link to post
Share on other sites
Good morning,

 

Q : Pulling the ripcord - due to no steam behind the move.

 

Sounds like a subjective feeling - or are you using some indicator as well?

How iron clad are your trading rules?

 

I only ask - because as a somewhat rookie still (1 year) of trading - I still dont trust my subjective gut. Wondering when some of the veterans will start trusting their instinct more than their screen. (getting out because "it didnt feel right").

 

Enjoying the thread.

 

It is somewhat subjective...no indicators...my rules aren't extremely iron clad.

 

Basically, if I get ticked in, it maybe gives me a couple ticks of profit on my screen, and races the other way, I pull it and wait for it to come back and break the high/low...

 

Also, if, say I'm short, and I get ticked in, and price makes a low, comes up, makes a higher low, then breaks the high created between the two lows, I'll likely pull it...and what I'm talking about is not 15 minute bars...it's action you could probably see better on a 1 minute chart...I'm watching what price is doing in real time so I don't necessarily need to switch to the 1 minute chart in the moment.

 

And make no mistake, I am in the same boat as you (rookie!)...so take what I say and do with a grain of salt!! ;)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • Hello citizens of the U.S. The hundred year trade war has leaked over into a trading war. Your equity holdings are under attack by huge sovereign funds shorting relentlessly... running basically the opposite of  PPT operations.  As an American you are blessed to be totally responsible for your own assets - the govt won’t and can’t take care of you, your lame ass whuss ‘retail’ fund managers go catatonic  and can't / won’t help you, etc etc.... If you’re going to hold your positions, it’s on you to hedge your holdings.   Don’t blame Trump, don’t blame the system, don’t even blame the ‘enemies’ - ie don’t blame period.  Just occupy the freedom and responsibility you have and act.  The only mistake ‘Trump’ made so far was not to warn you more explicitly and remind you of your options to hedge weeks ago.   FWIW when Trump got elected... I also failed to explicitly remind you... just sayin’
    • Date: 7th April 2025.   Asian Markets Plunge as US-China Trade War Escalates; Wall Street Futures Signal Further Turmoil.   Global financial markets extended last week’s massive sell-off as tensions between the US and its major trading partners deepened, rattling investors and prompting sharp declines across equities, commodities, and currencies. The fallout from President Trump’s sweeping new tariff measures continued to spread, raising fears of a full-blown trade war and economic recession.   Asian stock markets plunged on Monday, extending a global market rout fueled by rising tensions between the US and China. The latest wave of aggressive tariffs and retaliatory measures has unnerved investors worldwide, triggering sharp sell-offs across the Asia-Pacific region.   Asian equities led the global rout on Monday, with dramatic losses seen across the region. Japan’s Nikkei 225 index tumbled more than 8% shortly after the open, while the broader Topix fell over 6.5%, recovering only slightly from steeper losses. In mainland China, the Shanghai Composite sank 6.7%, and the blue-chip CSI300 dropped 7.5% as markets reopened following a public holiday. Hong Kong’s Hang Seng Index opened more than 9% lower, reflecting deep concerns about escalating trade tensions.           South Korea’s Kospi dropped 4.8%, triggering a circuit breaker designed to curb panic selling. Taiwan’s Taiex index collapsed by nearly 10%, with major tech exporters like TSMC and Foxconn hitting circuit breaker limits after each fell close to 10%. Meanwhile, Australia’s ASX 200 shed as much as 6.3%, and New Zealand’s NZX 50 lost over 3.5%.   Despite the escalation, Beijing has adopted a measured tone. Chinese officials urged investors not to panic and assured markets that the country has the tools to mitigate economic shocks. At the same time, they left the door open for renewed trade talks, though no specific timeline has been set.   US Stock Futures Plunge Ahead of Monday Open   US stock futures pointed to another brutal day on Wall Street. Futures tied to the S&P 500 dropped over 3%, Nasdaq futures sank 4%, and Dow Jones futures lost 2.5%—equivalent to nearly 1,000 points. The Nasdaq Composite officially entered a bear market on Friday, down more than 20% from its recent highs, while the S&P 500 is nearing bear territory. The Dow closed last week in correction. Oil prices followed suit, with WTI crude dropping over 4% to $59.49 per barrel—its lowest since April 2021.   Wall Street closed last week in disarray, erasing more than $5 trillion in value amid fears of an all-out trade war. The Nasdaq Composite officially entered a bear market on Friday, sinking more than 20% from its recent peak. The S&P 500 is approaching bear territory, and the Dow Jones Industrial Average has slipped firmly into correction territory.   German Banks Hit Hard Amid Escalating Trade Tensions   German banking stocks were among the worst hit in Europe. Shares of Commerzbank and Deutsche Bank plunged between 9.5% and 10.3% during early Frankfurt trading, compounding Friday’s steep losses. Fears over a global trade war and looming recession are severely impacting the financial sector, particularly export-driven economies like Germany.   Eurozone Growth at Risk   Eurozone officials are bracing for economic fallout, with Greek central bank governor Yannis Stournaras warning that Trump’s tariff policy could reduce eurozone GDP by up to 1%. The EU is preparing retaliatory tariffs on $28 billion worth of American goods—ranging from steel and aluminium to consumer products like dental floss and luxury jewellery.   Starting Wednesday, the US is expected to impose 25% tariffs on key EU exports, with Brussels ready to respond with its own 20% levies on nearly all remaining American imports.   UK Faces £22 Billion Economic Blow   In the UK, fresh research from KPMG revealed that the British economy could shrink by £21.6 billion by 2027 due to US-imposed tariffs. The analysis points to a 0.8% dip in economic output over the next two years, undermining Chancellor Rachel Reeves’ growth agenda. The report also warned of additional fiscal pressure that may lead to future tax increases and public spending cuts.   Wall Street Braces for Recession   Goldman Sachs revised its US recession probability to 45% within the next year, citing tighter financial conditions and rising policy uncertainty. This marks a sharp jump from the 35% risk estimated just last month—and more than double January’s 20% projection. J.P. Morgan issued a bleaker outlook, now forecasting a 60% chance of recession both in the US and globally.   Global Leaders Respond as Trade Tensions Deepen   The dramatic market sell-off was triggered by China’s sweeping retaliation to a new round of US tariffs, which included a 34% levy on all American imports. Beijing’s state-run People’s Daily released a defiant statement, asserting that China has the tools and resilience to withstand economic pressure from Washington. ‘We’ve built up experience after years of trade conflict and are prepared with a full arsenal of countermeasures,’ it stated.   Around the world, policymakers are responding to the growing threat of a trade-led economic slowdown. Japanese Prime Minister Shigeru Ishiba announced plans to appeal directly to Washington and push for tariff relief, following the US administration’s decision to impose a blanket 24% tariff on Japanese imports. He aims to visit the US soon to present Japan’s case as a fair trade partner.   In Taiwan, President Lai Ching-te said his administration would work closely with Washington to remove trade barriers and increase purchases of American goods in an effort to reduce the bilateral trade deficit. The island's defence ministry has also submitted a new list of US military procurements to highlight its strategic partnership.   Economists and strategists are warning of deeper economic consequences. Ronald Temple, chief market strategist at Lazard, said the scale and speed of these tariffs could result in far more severe damage than previously anticipated. ‘This isn’t just a bilateral conflict anymore — more countries are likely to respond in the coming weeks,’ he noted.   Analysts at Barclays cautioned that smaller Asian economies, such as Singapore and South Korea, may face challenges in negotiating with Washington and are already adjusting their economic growth forecasts downward in response to the unfolding trade crisis.           Oil Prices Sink on Demand Concerns   Crude oil continued its sharp slide on Monday, driven by recession fears and weakened global demand. Brent fell 3.9% to $63.04 a barrel, while WTI plunged over 4% to $59.49—both benchmarks marking weekly losses exceeding 10%. Analysts say inflationary pressures and slowing economic activity may drag demand down, even though energy imports were excluded from the latest round of tariffs.   Vandana Hari of Vanda Insights noted, ‘The market is struggling to find a bottom. Until there’s a clear signal from Trump that calms recession fears, crude prices will remain under pressure.’   OPEC+ Adds Further Pressure with Output Hike   Bearish sentiment intensified after OPEC+ announced it would boost production by 411,000 barrels per day in May, far surpassing the expected 135,000 bpd. The alliance called on overproducing nations to submit compensation plans by April 15. Analysts fear this surprise move could undo years of supply discipline and weigh further on already fragile oil markets.   Global political risks also flared over the weekend. Iran rejected US proposals for direct nuclear negotiations and warned of potential military action. Meanwhile, Russia claimed fresh territorial gains in Ukraine’s Sumy region and ramped up attacks on surrounding areas—further darkening the outlook for markets.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • AMZN Amazon stock watch, good buying (+313%) toi hold onto the 173.32 support area at https://stockconsultant.com/?AMZN
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.