The Appetizer:

No reporters ever ask my opinion, but if one did today, this is what I would tell her:

"When the market shrugs off the impending overthrow of a U.S.-backed dictator, you start to get the feeling that what matters are interest rates and inflation expectations, and has the story changed on that? No. The Europeans seem headed for tightening sooner than the U.S., and not long from now the Fed is going to be the only central bank doing quantitative fleecing - er, easing, and what then? Euro 1.4500? 1.5000?"

What to do if you like the notes:
If you like the notes, let me know on Twitter at @robbiebooker and I’ll keep doing them as often as possible.

A Risk Disclaimer is in order. Then we'll get to the notes.

Risk disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Not a trade recommendation. Nothing in this document should be interpreted as a trade recommendation. It should not be relied upon for the purpose of making an investment decision for your own account, or for Rob’s managed account. You must read and sign a disclosure document before investing. Any results listed in this morning notes document are hypothetical in nature, unless specifically noted otherwise, and Rob does not trade every pair that is listed herein. These notes are part of Rob’s daily preparation for trading and are provided to you for informational purposes only. Past performance is not necessarily indicative of future results.

Now, on with the notes!

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Today I've posted the charts directly inside of this blog post again. I look forward to your comments, tweets, and updates on your trades.

What to do if you like the notes:
If you like the notes, let me know on Twitter at @robbiebooker and I’ll keep doing them as often as possible.

What to do if you don't like the notes:
Let me know on Twitter at @robbiebooker and I'll keep doing them as often as possible.

Now, for a risk disclaimer, and then the notes:

Risk disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Not a trade recommendation. Nothing in this document should be interpreted as a trade recommendation. It should not be relied upon for the purpose of making an investment decision for your own account, or for Rob’s managed account. You must read and sign a disclosure document before investing. Any results listed in this morning notes document are hypothetical in nature, unless specifically noted otherwise, and Rob does not trade every pair that is listed herein. These notes are part of Rob’s daily preparation for trading and are provided to you for informational purposes only. Past performance is not necessarily indicative of future results.

Now, on with the notes!

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Have you ever been upset that you're not taking all the trades that your trading system produces? 

I have known at least 10 very good traders who royally botched their trading as soon as they had a "full time" schedule for trading. They quit their much-hated main job, and then proceeded to binge themselves on trades. It would have been better to pick up the guitar and play for 6 hours a day, and then sleep for 2 more hours, and then treat the lady to a fine meal and some Barry White Special Time, rather than sit in front of the radar screen and launch bombs at their financial future. When you cross the chasm to full time trading, which is sort of like enlightenment, then fill your day with ordinary tasks. As they say, "After enlightenment, the laundry." Otherwise you lose it.

Today I've posted the charts directly inside of this blog post, instead of inside of a PDF. I won't know what you like best unless you tell me, and I will do whatever you like best.

What to do if you like the notes:
If you like the notes, let me know on Twitter at @robbiebooker and I’ll keep doing them as often as possible.

What to do if you don't like the notes:
Let me know on Twitter at @robbiebooker and I'll keep doing them as often as possible.

Now, for a risk disclaimer, and then the notes:

Risk disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Not a trade recommendation. Nothing in this document should be interpreted as a trade recommendation. It should not be relied upon for the purpose of making an investment decision for your own account, or for Rob’s managed account. You must read and sign a disclosure document before investing. Any results listed in this morning notes document are hypothetical in nature, unless specifically noted otherwise, and Rob does not trade every pair that is listed herein. These notes are part of Rob’s daily preparation for trading and are provided to you for informational purposes only. Past performance is not necessarily indicative of future results.

Now, on with the notes!

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rob@robbooker.com | (718) 554-6584 | RobBooker.com | Twitter: @robbiebooker

Included below are some thoughts I have about the market. They're in PDF form. To get to the notes, scroll down past the photo of the sunrise, then read the disclaimers, and then you'll see the PDF. You can download it to your computer from a link at the very bottom of this post.

What to do if you like the notes. 
If you like the notes, let me know on Twitter at @robbiebooker and I’ll keep doing them as often as possible.

What to do if you don't like the notes.
Let me know on Twitter at @robbiebooker and I'll keep doing them as often as possible.

Now, for a risk disclaimer, and then the notes:

Risk disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Not a trade recommendation. Nothing in this document should be interpreted as a trade recommendation. It should not be relied upon for the purpose of making an investment decision for Rob’s managed account service. Any results listed in this morning notes document are hypothetical in nature, unless specifically noted otherwise, and Rob does not take every trade idea that is discussed herein. These notes are part of Rob's daily preparation for trading and are provided to you for informational purposes only.  

THE NOTES

Click here to download:

01242011_MorningNotes.pdf (899 KB)

(download)

Click here to download:

01242011_MorningNotes.pdf (899 KB)