Better Trader

Lower risk means lower returns

Day traders  have a high risk strategy which means they can win big and lose big. A low risk strategy is safer and you can still achieve some decent returns if you chose the right strategy...read more

My FTSE Option Trade

I believe that upside is limited in the stock market. Various factors such as high valuations in the US, rising interest rates and the growing debt bubble in China will discourage risk taking and the stock market will go sideways or down. In the short term however, there is potential for a rally but it won't go far. I suggest selling calls with a high strike price.

See Thierry's latest FTSE option trade.

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Economic Calendar

Important announcements today (UK Time):

Today	09:30	UK retail sales
Today	13:30	US jobless claims
Today	13:30	Philadelphia fed index
Today	18:00	ECB president Draghi speaks

FTSE 100 consolidating before the next move up

The strength of the FTSE last week and early this week was typical price action in a third wave. The move was wave iii (circle) inside the final rally of the bull market...read more

Economic Calendar

Important announcements today (UK Time):

Today	09:30	UK industrial production
Today	12:00	BoE MPC meeting minutes
Today	12:00	UK interest rate decision
Today	13:30	US PPI
Today	13:30	US jobless claims

FTSE 100 is still lagging the S&P 500

The S&P 500 is flirting with its all-time high but the FTSE 100 is well below its all-time high. We could have a situation where the S&P 500 has a final move down in the next few days before breaking higher into new highs...read more

EUR/USD pushes higher as expected

Here is the chart of EUR/USD that we published a few days ago. The euro is tracing out an impulse wave up, the rally will extend if Macron wins the French election.

 

Economic calendar

Important announcements today (UK Time):

Today	10:00	EU GDP
Today	13:15	ADP employment report
Today	15:00	ISM non-manufacturing PMI
Today	19:00	FOMC statement