hmm

Morning @kilabe @passyson @toni and all traders

About the chinese stimulus package i think it only boosted the markets in Asia and across the markets yesterday as the $586 billion was being perceived to bring confidence in the region and its effects felt across the spectrum with the importance of chinese impact in exports markets and the other segments of the economy. But the confidence subsided later on during the day when it was seen much of the 586 billion(almost 1/5 of its GDP) would much concentrate on the domestic recovery,rehabilitation of quake hit areas e.t.c.And it would have been spread to 2010 that period,so there was not seen to be an immediate impact n financial markets and china package though somehow big but it could not calm down the global reccesion fears,but at least it had tried!!! The commodities are still feeling the impact of recession fears.

@passyson The obama election gave mixed reactions and there was no concrete direction.On thursday and friday did not trade because of the markets volatility but yesterday i have been trying to get my groove back slowly as the cable was showing a path,but still am also looking at range,am still trying to scalp within a range of inbetwwen my estimates of the pips i am targeting.Slowly but sure so that i can also get the wheels running for the market.

@toni @passyson we have been silent n the way forward to chart our plans on setting the arcade.

@NGAATU

Morning fellow traders

@Kilabe...welcome back

@ Toni,Ngaatu,Kilabe et al...I have not being quite as far as the trading arcade is concerned. Infact i went ahead and opened another account...mini and with only 900USD coz i realized that this figure might be what the common mwananchi might afford as far as the arcade and trading is concerned.

I want to be in their shoes so i have decided to realistically trade that account bearing in mind the many restrictions such an account might have ... therefore i cannot trade many lots as i do on the other one.

All that said and done,i am short AUD/USD @0.66873 with a T/P target set at 50pips...i am on 7 lots...let me see how this account goes and then i can be realistic when we all meet.

Anyone who lives within their means suffers from a lack of imagination

@kilabe,passyon,ngaatu

Will work on a business plan for the trader's arcade and send it across. Hopingly in 2 weeks time we can have a plan.

How are the trades going for you guys? Sad that my broker has really been increasing the spread of cable,current spread at 7 pips. Hope the markets cool down soon and we're back to normal spreads.

GL and GT to y'all.

Long cable at 1.5591. TP 25 pips,SL 40 pips.