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I'm pretty confident most of the users of ET are US residents. In the US, unlike most of the west, financial spreadbetting is illegal. Yet it represents a low cost and simple means of accessing financial markets. In the UK and many other jurisdictions it is also free from any form of taxation on...

At least there was plenty of chart warning ahead of time. I'm sorry (a little) for the private shareholders, maybe ex-employees. Must be a worrying day for them.

I have to guess you're probably right, carry trade returns are something I never consider and would never take a position on that basis - it just seems to me like letting the tail wag the dog, taking on an inverse r:r when you're not forced to.

Its very easy to predict that holding a long position in an enduring and consistent downtrend is a probable poor strategy. No traders should have been long EUR/CHF when the SNB ended its buy EUR policy. The downtrend had become visible months earlier.

A trend is the simplest and least subjective chart pattern, and they're obvious in real time. Any trader thinking EUR/CHF was not in a downtrend leading into the crash should not be trading.

It was obvious with foresight. Just look at the chart, this pair hadn't been in an uptrend for months.

I have never even looked at the Russell. Indices correlate with EUR/CHF?

Absolutely no warning sign..........................except for the chart.

If you're long-term trading, using a trend-following strategy in forex, there is very little FA you need to do to minimise risk or find an opportunity. You can see central bank rate announcements and committee member presentations and inflation/unemployment reports coming up on the calendar for...

The SNB stated policy at the time was that they would support the EUR/CHF exchange rate by buying EUR as necessary. They clearly could not have stated how much they would buy or when they would stop as that would have negated their strategy. In the end, it was the chart that gave the clear...

I'm always hearing that this fund did this and this fund did that and it worked great or it didn't work at all. What can you say about successful private retail traders? You know, the fella like me, who uses a cheap home PC in a spare bedroom and just works with his own cash?

Nothing goes up in a straight line so falling price does not automatically negate a bull market. That said, there is too much emphasis on what the media and commentators are saying about whether the market is a bull or a bear or its in a crash or a correction. If you're a trader, you have a...

Jeff it does indeed sound like curve fitting. Simply accelerating the in/out cycle doesn't help with a long-term investment though it looks great during a bull market. I tend these days to be a purist re investing - a true investor in shares should seek dividend income with the intent of...

We just don't have enough threads like this.

I have known a few long-term shareholders, investors they called themselves. Some of them told me TA couldn't work, it had been proven repeatedly and plus there were no rich chartists. Whenever they became interested in buying a particular share, they would read the company's newsflow, get the...

100%! Cor Blimey O'Riley! (as we say over here) Why would anyone trade under those conditions?

Its all a bit confusing smallfil, what you've posted, though I admit I'm not doing much of the stuff you're talking about. However, I am a UK-based spreadbetter and was long S&P. My stop was set at 1% of my account capital, and I benefit from 20:1 leverage when SB-ing indices. My capital loss...

Not the only edge but if you don't have this one the others are worthless. Yesterday should have taught us nothing at all - naturally I got stopped out but that's what I wanted.

I guess the people who act on stories like these are the "weak hands". Or what we call in England the punters - the guys who just take a punt on a share cos they like the name and bung a couple of thousand in and look at it when they remember during their next day off from the office and see if...

Days like yesterday are great opportunities. I don't trade off the price action of a single day but my chances will come soon enough.