The Flying L Trader – January the 6th

The Flying L Trader – January the 6th
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Good morning and hello to you all, I trust you all survived the festive season with much frivolity and family time. Supagirl and I had a fabulous break in Australia spending our time with family on the New South Wales Central Coast and on the farm outside of Tamworth. Good relaxation was had and we […]

The Flying L Trader – December the 12th

The Flying L Trader – December the 12th
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Today is the last report for 2013 and I thank you for reading my words. I do hope you all enjoyed and found it informative, maybe even helpful. I find it cathartic and it helps me focus. Have a wonderful festive season doing whatever it is you do with your loved ones. Overnight was relatively […]

The Flying L Trader – December the 10th

The Flying L Trader – December the 10th
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Despite stronger data from the US and more tapering talk the greenback has only strengthened against the Yen. Stocks are flat overnight as were commodities in a lacklustre session. With the Fed’s FOMC next week and Christmas the week following we may see some hesitation and continued lacklustre sessions. I personally do not see the […]

The Flying L Trader – December the 6th

The Flying L Trader – December the 6th
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Stocks continue to slide as central banks in the mother lands remain tight, risk comes off and commodities retraced some of their recent rallies.   Both the ECB and BOE left rates as they were and the statements were benign. The minutes may show some dissent amongst the boards but the main theme is that […]

The Flying L Trader – December the 4th

The Flying L Trader – December the 4th
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Despite good economic data last night the stock market got punished. A third day of selling in stocks has pushed VIX over 14 as it seems people are starting to lock in profits in that market with concern that the Fed will commence tapering the $85B spending soon. Commodities had a decent night though with […]

10 Characteristics of a Highly Successful Trader

10 Characteristics of a Highly Successful Trader
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Hello delegates. It’s with pleasure that I will be writing this month’s letter. Over the years I have worked, met, seen, holidayed and chatted over drinks with many professional traders in the industry from Sydney to London, Monaco to Hong Kong and everything in between. What I have witnessed is that not only do we […]

The Flying L Trader – December the 2nd

The Flying L Trader – December the 2nd
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Sun is shining, bringing new promise of a glorious day, let us hope it is a sign of a healthy start to a healthy week and month! As I have said, it will be a busy week with only 2 currencies not directly hit by news, the CHF and NZD. A tricky week to decide […]

The Flying L Trader – November the 29th

The Flying L Trader – November the 29th
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Thanksgiving for more than the first harvest in a new land, let’s give thanks that this month is over, that this week has been calm, that the central bankers have been mute, that the markets are coming back into synch. Best do it now because next week is as busy as an ants before a […]

The Flying L Trader – November the 26th

The Flying L Trader – November the 26th
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The biggest news item from the weekend and yesterday is the Iranian deal. Leaving Israel on the bench by themselves the Iranians have brokered a deal to lift sanctions by limiting there uranium enrichment program. The immediate effect of this was to send oil sliding so the Loonie suffered the most. Apart from that the […]

The Flying L Trader – November the 22nd

The Flying L Trader – November the 22nd
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Don’t you just wish that the Fed would be more consistent? The irony is that AGSP2 and SP3 both came out in last few days to say that, with rates as low as they can go they are forced to print and importantly be clear of their intentions with better communication. AGSP2’s speech was all […]