David Powell

[Bear Market Research @BMRGlobal]

Finally decided to look into my stats this year and it’s becoming evident there isn’t really a need for me to trade intraday anymore.

Don’t get me wrong I love scalping and it’s my speciality. Also I’m currently learning the L2L trading style and doing pretty decent but my big trades make up 80%ish of my YTD.

They are very low stress, super high +EV, easy to read and the amount of size I can use is insane.

Going to finish out the year but likely will be hanging up the intraday stuff for good.

[Bear Market Research @BMRGlobal]

I’ve made 5 figures per month over 4 years trading only candlesticks. No DOM, no volume profile, no footprint charts, no proprietary garbage. Sometimes not even candlesticks just time lol

Thinking there’s inherent edge in this type of shit is goofy.

Understanding how price moves is what’s important. Using tools to aid in that is the key. Use the tool as a tool, not as a blueprint.

[Bear Market Research @BMRGlobal]

I’m really glad Angel brought this up because it’s something I struggled with when I started focusing on futures, specifically the indices.

You are going to have significantly less trend days than you are mean reverting type days. Focus on the normal days (mean reversion) and accept losing on the outlier days (trend). Get used to picking tops and bottoms.

If you aren’t used to picking tops and bottoms it’s probably a good idea to get used to it. It will pay off.

The trend should not be your friend in these type of markets. Lol stop trying to master the rare outlier days.

[Bear Market Research @BMRGlobal]

Going to live stream my trading today in a market I don’t normally trade in with a strategy I built a week ago after a holiday on a Friday while narrating the entire thing while also running on no sleep because of being sick all night.

Will my live trading winning streak come to an end?

FFS lol

[Lance Breitstein 🇺🇸🌎 @TheOneLanceB]

How to fail at trading:

Think there is a magical indicator rather than recognize the magic is in the nuances of how you interpret and apply the indicator.

[Vitor Constâncio @VMRConstancio]

Inflation in France fell to 1.2 per cent from 1.8 per cent in August. In Spain, the rate fell to 1.5 per cent from 2.3 per cent in August. These numbers point to a September EA inflation just below 2. Given the weak PMI for the EA, the ECB should cut again in October

[David Powell @davidjpowell24]

Is the easing in financial conditions that has resulted from recent changes in market expectations for interest rates in the euro area compatible with inflation returning to the ECB’s target in a timely way? - David Powell, Bloomberg Economist #AskECB

[Zoe Schneeweiss @ZSchneeweiss]

ECB to only hike by a quarter point amid banking turmoil, Bloomberg Economics’s @davidjpowell24, @MaevaDebarge & @JMurray804 says https://t.co/aC1UPpdLWg

[Bloomberg Economics @economics]

#DailyDataPoint: ECB is set to debate QT in October and kick off balance sheet reduction in March (via @davidjpowell24) https://t.co/BTepGgZm3F

[Alessandro Speciale @aspeciale]

The situation is already extremely dangerous for #Italy's huge debt pile, and a crisis could erupt at any moment, according to new research from Bloomberg Economics

https://t.co/4w9x2Kvav7 via @business @davidjpowell24 @JMurray804

[Bloomberg Economics @economics]

An Italian debt crisis could erupt at any moment, Bloomberg Economics’ @davidjpowell24 & @JMurray804 say https://t.co/pu1n6byfoC

[Bloomberg Economics @economics]

#DailyDataPoint: ECB TLTRO subsidy will delay rate corridor narrowing (via @davidjpowell24 & @MaevaDebarge) https://t.co/uw2im2IGXK

[Bloomberg Economics @economics]

#DailyDataPoint: ECB TLTRO rate to be raised in June, scheme’s end looms (via @davidjpowell24) https://t.co/m1tDcZSf8U

[Bloomberg Economics @economics]

#DailyDataPoint: Draghi may stave off an Italian recession (via @davidjpowell24 & @MaevaDebarge) https://t.co/vsrmjdUy5k

[Alessandro Speciale @aspeciale]

The largesse of Draghi's government is mitigating the risk of a recession in Italy this year https://t.co/paB36NE1qx via @markets @davidjpowell24 @MaevaDebarge #Italy

[geoff king @geoffatwork]

Where's the European hiking cycle going to end? Join Bloomberg Economics Chief Europe Economist Jamie Rush at 2pm UK for a discussion on neutral interest rates, whether the BOE & ECB are behind the curve and implications for markets. https://t.co/eXn1FmaC1K @JMurray804 @economics

[Bloomberg Economics @economics]

#DailyDataPoint: The ECB may exempt more excess reserves from the negative deposit rate (via @davidjpowell24) https://t.co/RBexbfGRio

[Bloomberg Economics @economics]

#DailyDataPoint: Draghi-Macron rule suggestions may ease EU fiscal policy (via @davidjpowell24) https://t.co/wckqIPZIRc

[Zoe Schneeweiss @ZSchneeweiss]

The prospect of Mario Draghi becoming Italy’s president is a major risk for the country’s economy and such a move would also impact the broader euro area, Bloomberg Economics’ @davidjpowell24 says https://t.co/7jG3ksRqEs

[Bloomberg Economics @economics]

Draghi’s move to the Italian presidency may ruin the recovery (via @davidjpowell24) https://t.co/QClfWGPEcm