Diary of a day trader - Part 2
- Thread starter soft_trader
- Start date
As I see people mocking about Gas, let me ask some questions:
What is the correlation between Nifty, Rupee and Gas?
Any exactly, proved % number any body can show in dept or any body who can tell who came up with that fuss that Nifty, Rupee and Gas have an in dept correlation?
At what seasons in the year gas is most used all over the world?
What trend do you see on the gas chart? (NG)
What is the correlation between Nifty, Rupee and Gas?
Any exactly, proved % number any body can show in dept or any body who can tell who came up with that fuss that Nifty, Rupee and Gas have an in dept correlation?
At what seasons in the year gas is most used all over the world?
What trend do you see on the gas chart? (NG)
No Dan, I think it works differently. Govt has taken this bold step in spite of being a minority govt and with that too election is knocking the door.
This will show as a sign that govt is pushing reforms, and will help in bringing down the CAD, Fiscal etc. etc. So market will gap up tomorrow. Remember that last time Govt. has done some reforms and market has given a thumbs up to that.
This will show as a sign that govt is pushing reforms, and will help in bringing down the CAD, Fiscal etc. etc. So market will gap up tomorrow. Remember that last time Govt. has done some reforms and market has given a thumbs up to that.
@Soft_trader
My post was in no way against you. I acted after seeing post on NG in different places in the forum and all gave wrong calls on it most of the time. Some of those post even started to argue about any relation between Rupee and what ever with Gas. Then I saw your post in this thread and I though that I may have to tell, that was is posted in giving calls is wrong. I thought that you may are affected from those posters.
Even today: Calls where given to buy Gas, but short time FA and some other tools gave opposite signals and exactly this happens. Gas is now at 3.5700 when this post was made.
Take care and good trades / DanPickUp
My post was in no way against you. I acted after seeing post on NG in different places in the forum and all gave wrong calls on it most of the time. Some of those post even started to argue about any relation between Rupee and what ever with Gas. Then I saw your post in this thread and I though that I may have to tell, that was is posted in giving calls is wrong. I thought that you may are affected from those posters.
Even today: Calls where given to buy Gas, but short time FA and some other tools gave opposite signals and exactly this happens. Gas is now at 3.5700 when this post was made.
Take care and good trades / DanPickUp
Hi Dan,
There has been some misunderstanding. I understand that your post was no way against me, neither was my post against any fellow TJ member (except our corrupt govt).
What I mentioned in my post was about the 100% hike of gas prices to $8.4 MMBtu by famous GoI. It is not related with any trading calls related to NG, which is traded as a commodity. In fact, I don't visit commodities section of TJ, and I am not interested in commodities trading now. What I tried to say was that market may go higher as pointed by SGX nifty (now +45 points higher) because of this reform of govt.
Hope there is no confusion now.
Good Night
There has been some misunderstanding. I understand that your post was no way against me, neither was my post against any fellow TJ member (except our corrupt govt).
What I mentioned in my post was about the 100% hike of gas prices to $8.4 MMBtu by famous GoI. It is not related with any trading calls related to NG, which is traded as a commodity. In fact, I don't visit commodities section of TJ, and I am not interested in commodities trading now. What I tried to say was that market may go higher as pointed by SGX nifty (now +45 points higher) because of this reform of govt.
Hope there is no confusion now.
Good Night
U.S. stock futures were shooting up even before the job reports had hit markets, give credit to Jeffrey Lacker, the Fed president from Richmond, who made a statement about not tapering or stopping QE3 stimulus as growth is still weak.
Free liquidity is not going to stop! = Markets jumped .
So, earlier the Fed warned about tapering and stopping QE3 and world markets slumped, now various officials of the Fed are telling about not stopping QE3 and world markets are rallying.
Hmmm.. I think it would be better if instead of economic reports, we are given The Fed statements for the day every day before the opening bell so well know which way to trade.
Funny part is, Mr. Lacker has been very vocal against the stimulus earlier, now he is advocating it!
What is more, he does not have a voting right in the FOMC so basically, he is free to express any opinion and it will not matter when the Fed has to take a decision about tapering/ not tapering. Much like our SBI chief Pratip chowdhury.
In essence, the Fed is just throwing markets some breadcrumbs so as to stop a bigger fall. Once markets regain some balance, someone from the Fed will again drop tapering bomb and markets may start sliding again.
Free liquidity is not going to stop! = Markets jumped .
So, earlier the Fed warned about tapering and stopping QE3 and world markets slumped, now various officials of the Fed are telling about not stopping QE3 and world markets are rallying.
Hmmm.. I think it would be better if instead of economic reports, we are given The Fed statements for the day every day before the opening bell so well know which way to trade.
Funny part is, Mr. Lacker has been very vocal against the stimulus earlier, now he is advocating it!
What is more, he does not have a voting right in the FOMC so basically, he is free to express any opinion and it will not matter when the Fed has to take a decision about tapering/ not tapering. Much like our SBI chief Pratip chowdhury.
In essence, the Fed is just throwing markets some breadcrumbs so as to stop a bigger fall. Once markets regain some balance, someone from the Fed will again drop tapering bomb and markets may start sliding again.
American Depositary Receipt, http://quote.morningstar.com/stock/chart.aspx?t=RIGD&culture=en-US®ion=gbr
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