The Definitive Guide To Scalping, Part7: Scalping Breakouts

USD/JPY fell 0.07% at 102.27. In other trade, AUD/USD went down 0.04% at 0.8997, while NZD/USD rose 0.08% at 0.8278. On Wednesday, the greenback traded mixed to higher against most major currencies after the Federal Reserve said in the minutes of its January policy meeting that it should continue tapering its monthly bond-purchasing program, which weakens the greenback to spur recovery. At its Jan. 28-29 policy meeting, the Fed voted to trim its monthly asset purchasing program to $65 billion from $75 billion and stressed benchmark interest rates will stay at 0.00-0.25% until the unemployment rates approaches 6.5% or even dips below that mark, depending on the health of the economy in the context of price stability. The minutes released on Wednesday, however, revealed that monetary authorities debated ditching language suggesting rates may rise if the unemployment rate falls past 6.5%, a policy tool known as forward guidance.
Source: http://www.nasdaq.com/article/forex-usdjpy-rises-after-record-trade-deficit-in-japan-cm328091

Dmitri Chavkerov has helped bust many myths surrounding forex trading and has contributed to the development of the forex field. (Photo: http://photos.prnewswire.com/prnh/20140218/PH66360-b ) According to Dmitri Chavkerov, it is the inner factors that influence people’s actions and trading decisions, while outside factors often cause only superficial effects. “There were many apple trees growing in the city that I grew up in, so during my childhood I picked apples from these trees. Some of the trees bore sweet apples, others bore sour apples, while others bore bitter apples that were almost impossible to eat.
Source: http://money.msn.com/business-news/article.aspx?feed=PR&Date=20140218&ID=17357704

Banks review private account trading by forex traders – FT

Each individual trade is also recorded often through an automatic email that is sent out when a trade is made. But in forex, it is more complicated as a trader converting euros into dollars for a US holiday or selling his holiday home in Spain could theoretically breach the rules. Deutsche is now considering a threshold for how much personal money a trader will be allowed to trade in each currency, people familiar with the plans said. Lloyds Banking Group has a similar rule in place, allowing currency trades below a de minimis threshold for “legitimate ad hoc dealings” such as obtaining travel currency or repatriating money from abroad. Bitcoin price on Mt Gox collapses The UK’s Financial Conduct Authority is probing the use of private accounts by forex traders, the Financial Times revealed in November.
Source: http://www.cnbc.com/id/101422074

With that being said, there is NO way to prevent false breakouts. All we can do is to manage our risk when price moves back against a breakout. Above is an example of a false breakout this morning on the GBPJPY. Notice how price broke cleanly through support, and then abruptly changed directions. Even though at one time the trade might have been profitable, when the market moves back above the designated breakout area, traders http://www.etftradingsignals.com should have a plan for exiting the market.
Source: http://www.dailyfx.com/forex/education/trading_tips/trend_of_the_day/2014/02/19/The_Definitive_Guide_to_Scalping_Part7.html

Deutsche Bank declined to comment on the story. UBS and Royal Bank of Scotland could not be reached outside of regular business hours. Citing people familiar with the plans, FT said that Deutsche Bank is mulling a threshold for how much personal money a trader will be allowed to trade in each currency. The FT had reported in November that the UK’s Financial Conduct Authority is probing the use of private accounts by forex traders. A person close to the situation told the newspaper that the FCA probe was ongoing and comes amid allegations that some traders might have used private accounts to place bets based on information gleaned by exchanging details about client orders with rivals. Personal accounts trades are usually declared to the bank, and are recorded via automatic emails.
Source: http://uk.reuters.com/article/2014/02/18/uk-banks-forexprobe-idUKBREA1H00U20140218


Students Get Investors Instead Of Loans To The Wild Ways You’ll Pay For Things

In that letter, she cited the companys mission, vision and core values (Customers are #1 and We strive to provide consistent, clear support for all of our customers.), and specifically outlined her requests: I do not want the interest added to my principal I want the forbearance erased from my account I want my payments to go back to where they were I want the auto-debit to work She sent the letter Jan. 13, along with documentation of her transactions and account activity. By Jan. 21, the extra interest was removed. Boehms February payment came out just fine at least five phone calls, a letter and four payment periods after her first attempt. If you have your documentation to show the payments you made or the notes of what was agreed to, thats going to go a long way to helping you fix the problem, said Gerri Detweiler, Credit.coms director of consumer education.
Source: http://finance.yahoo.com/news/stand-student-loan-servicer-130035421.html

Are overweight — in the whole foods employees stack up what’s the obesity rate there. I don’t play that way you but it — that. Well we of course we don’t. We don’t keep statistics. Have on our team members.
Source: http://abcnews.go.com/Business/video/students-investors-loans-wild-ways-pay-things-22565387

Chief economist Lindsey Piegza of Sterne Agee has drawn a similar conclusion. About seven in 10 graduates leave school with debt and almost 40 million have sizable loans to pay off, she wrote in a recent report. Total U.S. student-loan debt now sits at $1.1 trillion, making it the largest kind of consumer debt after mortgages, according to figures issued Tuesday by the New York Federal Reserve. Total student debt climbed $114 billion in 2013 and it has doubled in the past eight years.
Source: http://blogs.marketwatch.com/capitolreport/2014/02/18/rising-student-loan-debt-is-stopping-first-time-home-buyers/

Private Student Lenders Respond to Government Pressure, Expand Refinance Options

economy improves, there’s a new threat on the horizon. It’s the soaring amount of student loans. Correspondent Kai Jackson reports, experts say the debt is so large it could have a ripple effect that will be felt across the country. Going to college is embedded in the American Dream. Yet there’s a nightmare now facing graduates and even those who drop out. A mountain of student loans they can’t pay off.
Source: http://www.cbs12.com/news/top-stories/stories/vid_13334.shtml

Are Student Loans Worth the Debt?

Until recently, just five private lenders have offered refinancing options widely both to their own borrowers and those who took out loans from other groups, Kantrowitz says. So adding two more options for borrowers, although it may not sound like a lot, is actually a big increase in the marketplace, he adds. “Before the credit crisis, there were only a dozen,” Kantrowitz says. “It’s never been a really large marketplace, but there’s a lot of consumer interest and borrower interest in refinancing private student loans, because they’re starting to see the interest rates increase, and thats got them concerned.” But Chopra says more financial institutions, particularly credit unions, are getting into the refinancing game when banks are hesitating. “They see it as an important way to build relationshipswith customer that over time can perhaps lead to that customer taking out a mortgage, [link] opening up abank account, and essentially generating revenue for that financial institution over their entire financial life rather than just from their student loan,” Chopra says. But borrowers’ motivations for which refinance option they choose vary widely, Coughlin says.
Source: http://www.usnews.com/news/articles/2014/02/18/private-student-lenders-respond-to-government-pressure-expand-refinance-options


Hot Stocks: Tearlab Corp, Ciber, Inc

It has delivered marginal sales growth of 1.80%, on a quarter over quarter basis. Its revenue growth of -7.40% and ROE of -4.10% are comparable with an industry average of 6.40% and 6.90%, respectively. News on CIBER, Inc. (NYSE:CBR) CIBER, Inc. (NYSE:CBR) recently reported its results for the 4th quarter and full year of 2013.
Source: http://www.nismagazine.com/hot-stocks-tearlab-corp-ciber-inc/1218253/

Canada Hot Stocks: Silvercorp Metals, Interfor, West Fraser

(SVM), International Forest Products Ltd. (IFP.A.T) and West Fraser Timber (WFT.T). Silvercorp Metals (C$3.20, down 11.6%) said earnings in the third-quarter fell to 1 cent a share from 3 cents, and sales plunged 59% to $24 million. The company said output at its Ying mine was hurt by operational issues and lower ore grades.
Source: http://online.wsj.com/article/BT-CO-20140214-711290.html

Jim Cramer’s 7 Stocks in 60 Seconds: TSCO CHGG SSYS TKR HOT CIEN MHR

Byco Petroleum remained among the top 10 volume leaders with 9.73 million shares, as it closed at Rs41.82 per share. An analyst said that an increase in the share price was witnessed on the hope for an increase in OMCs margin. Engro Corporation also remained the hot stock with a drop of Rs6.50 in its share price. Engro Corporation also remained among the top 10 volume leaders with 10.46 million shares to close at Rs180.88 per share.
Source: http://www.thenews.com.pk/Todays-News-3-232611-Hot-Stocks

Hot Stocks

It’s a concept thats known as “crowdsourcing,” and it uses the masses to identify emerging trends in the market. Crowdsourcing has long been a popular tool for the advertising industry, but it also makes a lot of sense as an investment tool. After all, the market is completely driven by the supply and demand, so it can be valuable to see what names are trending among the crowd. While some fund managers are already trying to leverage social media resources like Twitter to find algorithmic trading opportunities, for most investors, crowdsourcing works best as a starting point for investors who want a starting point in their analysis.
Source: http://www.thestreet.com/story/12342559/1/4-hot-stocks-on-traders-radars.html

4 Hot Stocks on Traders’ Radars

The same is true for Lumber Liquidators ( LL ) and Ulta Salon ( ULTA ).  Bank of America downgraded Chegg ( CHGG ) to hold from buy. Cramer said http://www.todayhotstocks.com the company has a “terrible profit outlook.” “The 3-D printing stocks are back and bigger than ever,” Cramer said. He called Stratasys ( SSYS ) the best of the group.  Jefferies upped its price target on Timken ( TKR ) to $66. Cramer said the Action Alerts PLUS holding could buy back 20% of its outstanding shares with the deleveraging of its balance sheet.  Starwood Hotel & Resorts Worldwide ( HOT ) is higher after beating on earnings estimates.
Source: http://money.msn.com/business-news/article.aspx?feed=Street&Date=20140214&ID=17353247