aileron market balance: issue 29
TRANSCRIPT
-
7/30/2019 Aileron Market Balance: Issue 29
1/6
Dnv ;8" ;8>;
Nfba{jg Dn{la} Knbngia
Fyyqa ;6
_fyf} Qy0 GjGjgyagya]{nmfgc'ijd
Adnfb0 nfba{jgdn{la}knbngiaHcdnfb'ijd
Anie gasyba}}a{ jg Yqgmnv }en} sfbb ijg}nfg dv}ejqce}y oj{ }ea saal neanm sfbb ena ng nqmfj ofba}en} niijdxngfay f}' ]ea nqmfj ofba }en} fy nyyjifn}amsf}e }efy XMO sfbb ijg}nfg dv ma}nfbam }ejqce}y
djfgc oj{sn{m fg}j }ea gau} saal' ]efy XMO ofba fydang} }j ya{a ny n {jqce" caga{nb jq}bfga }j }ea nqmfjofba }en} dngv yqkyi{fka{y n{a ofgmfgc dj{anmng}ncajqy'
Fgvay}fgc Jq}bjjl Jq}bjjl0
Gj}a0 Ny n {adfgma{' }ea yen{a xq{ienyay jo }ea MfvfmagmFgvay}fgc #Yfy}a{# sfbb ka au}{adab ydnbb' F} fy d fg}ag} }j
madjgy}{n}a ejs }j c{js }ea yfpa jo }eaya xjyf}fjgy o{jd ; yen{ay"}j 988 yen{ay qyfgc }ea }e{aa yfy}a{y xj{}ojbfj dngncadag}
y}ba' ]ea Mfvfmagm Fgvay}fgc #Yfy}a{# Niijqg} sfbb nbyjfdxbadag} }ea Xa{dngag} Xj{}ojbfj Da}ejm kacfggfgc fg ;8>;
sf}e ->">;8'88 jo }ea inye mamfin}am }jsn{my f}'
]ea vfabmy dnv yaad n bf}}ba efcea{ fg }ea bfy}fgcyqddn{v jo }ea Djmab Xj{}ojbfj'
]efy fy mqa }j sabb {nfyay }en} sa ena {aiafam']en}#y {fce}" ny mffmagm fgay}j{y sa caga{nbbv ag`jv
{nfyay jgia n van{' ]ea vfabmy }en} n{a bfy}am gjs{aobai} }ea {nfyay }en} }eaya ijdxngfay ena xa{oj{damfg }eaf{ mffmagmy'
Mfvfmagm Xndag}0 N mffmagm sny xnfm bny} saaljg X{ji}a{ / Cndkba %XC& ngm ny sa ena M[FX}q{gam jg" }ea djmab xj{}ojbfj yqddn{v bfy}y }ea gasyen{a ndjqg}'
Xa{dngag} Xj{}ojbfj0 @qga >1}e {adnfgy }ea #ejbm#mn}a }j nmm fg }ea CBM }j }ea yai}fjg jo }ea mffmagmfgay}fgc niijqg} }en} eny xa{dngag} xj{}ojbfjmamfin}am }jsn{my f}' Sa#a {aiafam n kf} jo n {nbbv fgCjbm' Ngm }efy fy }vxfinb' Yj nb}ejqce sa ena gj}ag`jvam }ea {nbbv fg Cjbm fg }ea bny} }e{aa }{nmfgcyayyfjgy sf}efg jq{ Xa{dngag} Xj{}ojbfj nbbjin}fjg"}efy nbyj eabxy qy }j auxai} }ea dqie bjsa{ x{fiay }en}
}agm }j jiiq{ o{jd @qga >y} }j @qga >1}e'
Mfvfmagm Fgvay}fgc }efy Saal0 Gj oq{}ea{ mffmagmfgay}fgc xq{ienyay n{a xbnggam }efy gau} saal'
]{nmfgc Jq}bjjl0
Gj}a0 Kv snv jo {adfgma{" yfgia }ea Djmab Xj{}ojbfj eny jgbv-6"5?>'?= fg }ea Ijddjmf}v Oq}q{ay ngm Y}jil ]{nmfgc xj{}fjg jo}ea xj{}ojbfj" }ea{a sfbb jgbv ka #k{fao mn }{nmay# n} }efy y}nca jo}ea cnda oj{ Ijddjmf}v Oq}q{ay }{nmfgc fg j{ma{ }j ayinxa }ea{fyl jo ja{$baa{ncam cnx jxagy fg }ea ijddjmf}v oq}q{aydn{la}y' ]efy fy ng n}}adx} }j madjgy}{n}a ejs niijqg} yfpa
{abn}ay }j }{nmfgc y}vba' Ny F dag}fjg fgdv da}ejmjbjcv ya{fay> "ny }ea ijddjmf}v #}{nmfgc yfy}a{# nxx{jnieay -98"888 F sfbbc{nmqn}a }ea niijqg} fg}j #ysfgc$}{nmfgc# ngm madjgy}{n}a ejs Fsjqbm cj nkjq} mjfgc }efy' Y}jil }{nmay dnv bny} dj{a }eng jgamnv' ]ea Oj{au niijqg} eny -?1'3> ngm fy ijgyfma{am n dfi{j$oj{auniijqg} oj{ }ea xq{xjyay jo }ea djmab xj{}ojbfj'
Iq{{ag} Xjyf}fjgy
Nxxba %NNXB&0 Sa n{a iq{{ag}bv bjgc Nxxba %NNXB&o{jd -196'6='
]efy fy jkfjqybv n ysfgc }{nma }en}#y kaag jgcjfgc
yfgia ]eq{ymnv' Dv iq{{ag} fman fy }j xjyyfkb mqdxjq} jo }efy xjyf}fjg fo a~qf}fay ngm }aie sa{a kj}e sanlfg }ea of{y} oas mnvy jo }ea saal" ngm sa ca} mjsg }j-1;='88' Xjyyfkb'
Ny f} fy n Ysfgc ]{nma" sa ing engc fg }ea{a oj{ n kf}
> Auni} Bfgl $e}}x0**gjgjgyagya}{nmfgc'ijd*da}ejmjbjcv'e}db
>
mailto:[email protected]://nononsensetrading.com/methodology.htmlhttp://nononsensetrading.com/methodology.htmlhttp://nononsensetrading.com/methodology.htmlhttp://nononsensetrading.com/methodology.htmlhttp://nononsensetrading.com/methodology.htmlhttp://nononsensetrading.com/methodology.htmlhttp://nononsensetrading.com/methodology.htmlmailto:[email protected] -
7/30/2019 Aileron Market Balance: Issue 29
2/6
Dnv ;8" ;8>;
bjgca{' Sa mjg#} ena jx}fjg }ea}n mainv sj{lfgcncnfgy} qy' F ing yaa ejbmfgc jg}j }efy }{nma qg}fb n}bany} @qga 9{m fo f} kacfgy }j dja fg jq{ onj{' ]efy fyknyam jg Yanyjgnb }agmagifay'
QYJ Nqcqy} 9= Inbb Jx}fjg0 Sa n{a iq{{ag}bv bjgcI{qma Jfb fn n QYJ Nqcqy} 9= Inbb Jx}fjg o{jd-;'>6 %-;>6'88&'
-68'15 fy jq{ yqxxj{}' Dqie ejbmy }{qa sf}e I{qmaJfb" ny f} mjay sf}e Nxxba %NNXB& ngm }ea a~qf}faydn{la}' F}#y n {fyl jg ny sabb ny dang {aa{yfjg}{nma' Yanyjgnb na{ncay n{a jg jq{ yfma' Sa ing {fma}efy qg}fb @qga >1}e'
Ba}#y yaa sen} }ea dn{la} nqi}fjg cfay qy'
Ijddjmf} Oq}q{ay ]{nmfgc ]ejqce}y
Ijddjmf} Oq}q{ay Dn{la} )>
@qb Bang Ejcy %BEG>; j{ *EAG; fg
]efglj{Ysfd&0 F bfla Bang Ejcy oj{ n Yej{} gjs' Fena }j snf} oj{ }ea Jxag }j yaa sen} }en} mabfa{y'[ayfy}ngia fy n{jqgm 55'=8' F}#y iq{{ag}bv n} n kanq}foqbn{an oj{ n yej{} jg }ea >8 dfgq}a ien{}" ejsaa{ saena }j snf} oj{ }ea jxag'
Ijddjmf} Oq}q{ay Dn{la} );
Dn Yqcn{ %YKG>; j{ *YKG; fg ]efglj{Ysfd&0 Fnd y}fbb sn}iefgc Yqcn{ oj{ n bjgc' Ny F ynfm fg }eanqmfj" F sng}am }j sn}ie }efy jga n bf}}ba dj{ain{aoqbbv'
Sa oabb ja{gfce}' Sn}iefgc oj{ ijgcay}fjg" ngm nbjgc }nxa }j cj bjgc'
Ijddjmf} Oq}q{ay Dn{la} )9
@qb Ijijn %IIG>; j{ *IIG;&0 F nd y}nblfgc }efydn{la} oj{ n bjgc' F sjqbm bfla }j cj bjgc' Kq} F sng}
}j snf} oj{ n saal j{ yj" ngm mq{fgc }en} saal" F#m bja}j yaa Ijijn m{jx fg x{fia'
Oj{au Dn{la} Da}ejmjbjc I{an}fjg
F sfbb snf} qg}fb Djgmnv" n} n{jqgm 5088 xd AY] }jm{ns xfj} dv xfj} xjfg}y'
Ny F y}n}am fg }ea Saal fg [afas xjminy}" F nd
#{akjj}fgc# dv Oj{au aooj{}y' Yj ea{a fy ejs sa agmamXenya ; jo }ea Oj{au Da}ejmjbjcv I{an}fjg0
Vfabm Mq{fgc [akjj} jo Xenya ;0 8'>5 !
Ja{nbb M{nsmjsg jg }ea Inxf}nb Iq{a0 8!
ngm }ea djgav dngncadag} y}n}y
Labby Y Djmfofin}fjg
Seag Labbvy I{f}a{fjg {a}q{gy }ea ojbbjsfgc [fylxa{iag}ncay: F dnla dv xjyf}fjg yfpa ny ojbbjsy oj{}en} }{nma
Y}{nfce} Labbv#y y}n}ay }j {fyl bayy }eng >';! $[fyl 38 Qgf}y fg Jngmn' ]efy fy }ea Knya [fylYfpa'
Y}{nfce} Labbv#y ka}saag >';! ngm ;'1! 4 55Qgf}y
Y}{nfce} Labbv#y ka}saag ;'1! ngm 9'1! 4 >88Qgf}y
;
-
7/30/2019 Aileron Market Balance: Issue 29
3/6
Dnv ;8" ;8>;
Y}{nfce} Labbv#y ka}saag 9'1! ngm =! 4 >>1Qgf}y
Y}{nfce} Labbv#y ka}saag =! ngm ='1! 4 >;8Qgf}y
Y}{nfce} Labbv#y ka}saag ='1! ngm 1! 4 >98Qgf}y
Y}{nfce} Labbv#y ka}saag 1! ngm 1'1! 4 >=8Qgf}y
Y}{nfce} Labbv#y ka}saag 1'1! ngm ?! 4 >18Qgf}y
Y}{nfce} Labbv#y ka}saag ?! ngm ?'1! 4 >38Qgf}y' Kacfg ye{ammfgc n} >38 Qgf}y' Nbbjsam}j {adja >=8 qgf}y n} }ea of{y} dn`j{x{jof}nkba jxxj{}qgf}v" ngm ba} }ea 98
{adnfgfgc qgf}y {fma'
Y}{nfce} Labbv#y ka}saag ?'1! ngm 3! 4 >58Qgf}y' Ye{am >=1 qgf}y n} }ea of{y} dn`j{x{jof}nkba jxxj{}qgf}v" ngm ba} }ea 91{adnfgfgc qgf}y {fma'
Y}{nfce} Labbv#y c{an}a{ }eng 3! 4 >68 Qgf}y'Ye{am >18 qgf}y n} }ea of{y} dn`j{ x{jof}nkbajxxj{}qgf}v" ngm ba} }ea =8 {adnfgfgc qgf}y{fma'
]ea of{y} }fda }ea niijqg} {anieay ;! vfabm jginxf}nb: Y}n{} ja{ sf}e }ea qgf} ndjqg} n} }eaknya yfpay" jgbv fgi{anya }ea Qgf} Yfpa kv 1'
Ynvfgcy Yfma$Xjila}
Djgmnv fy }ea ;>y}' Ngm {adadka{" oj{ }ea xq{xjyayjo }ea NDK Djmab Xj{}ojbfj" }ea jga van{ IM fyxq{ienyam jgia n djg}e jg }ea ;>y}'
Yqddn{ jo }ea N'D'K' Djmab
Xj{}ojbfj
Gj}a0Fg }ea kacfggfgc jo }efy exj}ea}finb xj{}ojbfj" }ea yen{axq{ienyay jo }ea Mfvfmagm Fgvay}fgc #Yfy}a{# sfbb ka au}{adab
ydnbb' F} fy d fg}ag} }j madjgy}{n}a ejs }j c{js }ea yfpa jo }eayaxjyf}fjgy o{jd ; yen{ay" }j 988 yen{ay qyfgc }ea }e{aa yfy}a{y
xj{}ojbfj dngncadag} y}ba' F} fy nbyj qgma{y}jjm }en} {anma{y jo}efy gasyba}}a{ enva n of{d qgma{y}ngmfgc jo d #}e{aa yfy}a{y#
xj{}ojbfj dngncadag} yy}ad %Yaa }ea Yxaifnb [aoa{agia fyyqa joNfba{jg Dn{la} Knbngia; oj{ ng auxbngn}fjg jo }efy yy}ad&'
Y/X 188 Van{ }j Mn}a0 ,;'55 !
NDK ]j}nb Xj{}ojbfj [a}q{g Van{ }j Mn}a0 , ;'=?3 !
Fgvay}fgc Niijqg} Knbngia0 -="8;1'98
[a}q{g * Vfabm qx 8'3333 ! Van{ }j mn}a
='8?9185 yen{ay joXAX%M[FX jg Vfabm fy9'>?! &= yen{ay n} -?9'9> jg >>*>1*;8>> s* -1'8> Ijddfyyfjgy8'89;;?9 yen{ay M[FX n} -??'61 jg >*9*;8>;8'89;>=1 yen{ay M[FX n} -??';1 jg 9*98*;8>;
Gau} Mffmagm0 ?*;6*;8>; Xnv Mn}a
='8?3? yen{ay joXC%M[FX jg Vfabm fy 9'1=! &= yen{ay n} -?>'6= jg >>*;5*;8>> s* -1'8> Ijddfyyfjgy8'9;96; yen{ay M[FX n} -?='59 jg ;*>1*;8>;8'91;85 yen{ay M[FX n} -?='>6 jg 1*>1*;8>;
Gau} Mffmagm0 Gj} va} nggjqgiam
='891 yen{ay jo@G@
%M[FX jg Vfabm fy9'51
! &= yen{ay n} -?;'9> jg >>*;5*;8>> s* -1'8> Ijddfyyfjgy8'891 yen{ay n} -?1'>= jg 9*>9*;8>;
Gau} Mffmagm0 ?*>;*;8>; Xnv Mn}a
5'85>981 yen{ay joSD%M[FX jg Vfabm fy='=8 ! &5 yen{ay n} -9;'96 jg >;*;;*;8>> s* -1'8> Ijddfyyfjgy8'85>981 yen{ay M[FX n} -9='69 jg 9*;9*;8>;
Gau} Mffmagm0 ?*;;*;8>;
Xa{dngag} Xj{}ojbfj->">;8'88 jo inye F {aya{va oj{ Xa{dngag}Xj{}ojbfj Xq{ienyay[a}q{g o{jd ->8=5'51 4 $ >'391 !
$ -;58'88 [aya{vam oj{ CBM xjyf}fjg%Iq{{ag}b -;58'88&
% ;3'>3 ! jo X'X &
$ ; yen{ay H >96'15 jo YXV % -;36'>?&
%Iq{{ag}b -;=5'=8&
; Auni} Bfgl $e}}x0**sss'yi{fkm'ijd*mji*39;95?=1*Nfba{jg$Dn{la}$Knbngia$Yxaifnb$[aoa{agia$Fyyqa$Xj{}ojbfj$Dngncadag}
9
http://www.scribd.com/doc/73238645/Aileron-Market-Balance-Special-Reference-Issue-Portfolio-Managementhttp://www.scribd.com/doc/73238645/Aileron-Market-Balance-Special-Reference-Issue-Portfolio-Managementhttp://www.scribd.com/doc/73238645/Aileron-Market-Balance-Special-Reference-Issue-Portfolio-Managementhttp://www.scribd.com/doc/73238645/Aileron-Market-Balance-Special-Reference-Issue-Portfolio-Managementhttp://www.scribd.com/doc/73238645/Aileron-Market-Balance-Special-Reference-Issue-Portfolio-Managementhttp://www.scribd.com/doc/73238645/Aileron-Market-Balance-Special-Reference-Issue-Portfolio-Managementhttp://www.scribd.com/doc/73238645/Aileron-Market-Balance-Special-Reference-Issue-Portfolio-Managementhttp://www.scribd.com/doc/73238645/Aileron-Market-Balance-Special-Reference-Issue-Portfolio-Management -
7/30/2019 Aileron Market Balance: Issue 29
4/6
Dnv ;8" ;8>;
% ;='> ! jo X'X &
$ ; yen{ay H >>5'>3 jo ]B] % -;9?'9=&
%Iq{{ag}b -;=5'63&
% ;='>? ! jo X'X &
$ 9 yen{ay H 5='=1 jo YEV % -;19'91&
%Iq{{ag}b -;19';5&% ;='13 ! jo X'X &
Qxjg }ea gau} {a$knbngia YEV
sfbb fgy}anm sj{l ny xq{a inye
[adnfgfgc Inye0 ->"69;'95 % =5'8> ! &Xa{iag}ncay jo }en} Inye$->"?>;'95 jo }efy Dngaqa{fgc Inxf}nb F {aya{a oj{ Eamcfgcngm Gas Xq{ienyay % 59'== ! &$-58'88 jo }efy Dngaqa{fgc Inxf}nb F {aya{a }j Mjbbn{ Ijy}Na{nca XAX oq{}ea{ fg }ea oq}q{a % ='>= ! &
MIN X{fia jg XAX $ -?8'88$-58'88 jo }efy inye F {aya{a }j Mjbbn{ Ijy} Na{nca XC oq{}ea{fg }ea oq}q{a % ='>= ! &
MIN X{fia jg XC$ -15'88$-58'88 jo }efy inye F {aya{a }j Mjbbn{ Ijy} Na{nca @G@ oq{}ea{fg }ea oq}q{a % ='>= ! &
MIN X{fia jg @G@ $ -16'88$-58'88 jo }efy inye F {aya{a }j Mjbbn{ Ijy} Na{nca SDoq{}ea{ fg }ea oq}q{a % ='>= ! &
MIN X{fia jg SD $ -;5'88
-;?5'9= % ?'?1 ! jo }efy niijqg} & nvnfbnkba
o{jd Ybqye Oqgm
Mfvfmagm Fgvay}fgc Yfy}a{Van{ }j Mn}a
Y}jil * Oq}q{ay * Oj{au ]{nmfgc Knbngia0 ->8">9;'51
% [a}q{g * Vfabm qx , ='>69 ! Van{ }j Mn}a &
]sj }{nmay n{a iq{{ag}bv jg" ngm }ea xj{}ojbfj eny kaagdn{lam }j }ea ibjya jo O{fmnv#y X{fiay
Bjgc 9 Nxxba %NNXB& n} -196'6=
Bjgc > Nqcqy} 9= QYJ Inbb n} ;'>6 %-;>6&
Ijddjmf} Oq}q{ay ngm Y}jil Knbngia0 ->8"8?3'>=
[a}q{g * Vfabm qx , =';=5 ! Van{ }j Mn}a
Gau} [a$Mfy}{fkq}fjg Cjnb0 ->8"388'88
J{fcfgnb 9! {fyl }jba{ngia cfvay qy
nxx{jufdn}ab -;5;'1= oj{ d m{nsmjsg}jba{ngia'
-;?5'9= nvnfbnkba o{jd Ybqye Oqgm
Oq}q{ay #Yfy}a{# Niijqg}Van{ }j Mn}a
Dv iq{{ag} djgav dngncadag} y}n}y oj{ }en} niijqg}{adnfgy ny }eav sa{a bny} saal' Seag sa ijdxba}a}ea }{nmay }en} sa n{a iq{{ag}bv fg" F sfbb }eag qxmn}a}ea djgav dngncadag} da}{fiy '
=
-
7/30/2019 Aileron Market Balance: Issue 29
5/6
Dnv ;8" ;8>;
Nb}ejqce sa mfm agm Xenya ]sj jo jq{ Oj{auDa}ejmjbjcv I{an}fjg" ngm sfbb ka {akjj}fgc jq{gqdka{y" F yejqbm bfy} }ea }{nmay o{jd bny} saal '
Bjgc 55 QYM*@XV H 36'36%?& jg 1*>=*;8>; Auf}
55 H 36'?6%8& BJYYjo >8'? Xfxy $ -8'>>3>
Bjgc 38 CKX*@XV H >;5'1=%9& jg 1*>=*;8>; Auf}
38 H >;5'11%;& X[JOF]jo 8'6 Xfxy $ -8'8836
Yej{} 38 CKX*QYM H >'16==%=& jg 1*>?*;8>;
Auf} 38 H >'16=8%;& X[JOF] jo ='>6 Xfxy $
-8'8;6=
Bjgc 38 CKX*@XV H >;5'8>%=& jg 1*>?*;8>; Auf}
38 H >;3'6>%9& BJYYjo >8'> Xfxy $ -8'8556
Bjgc 38 CKX*@XV H >;3'3=%3& jg 1*>?*;8>; Auf}
38 H >;3'33%6& X[JOF]jo 9'>6 Xfxy $ -8'8;36
Bjgc 38 AQ[*QYM H >';?36%9& jg 1*>3*;8>; Auf}
38 H >';?36%9& BJYYjo ?'>6 Xfxy $ -8'8=9=
Bjgc 38 QYM*@XV H 36'>9%>& jg 1*>5*;8>; Auf}
38 H 36'88%5& BJYYjo >;'9 Xfxy $ -8'>868
Dfi{j$Oj{au Knbngia0 -?1'3>
[a}q{g * Vfabm $9';?5 ! Van{ }j Mn}a
Xenya ; [a}q{g0 8'>5 !
Xenya 9 [a}q{g0 8!
-;?5'9= nvnfbnkba o{jd Ybqye Oqgm
Oj{au #Yfy}a{# Niijqg}Van{ }j Mn}a
Sa ena bfy}am }ea Djgav Dngncadag} da}{fiy an{bfa{fg }efy gasyba}}a{ oj{ xenya ;' Sa sfbb gj} ka y}n{}fgcno{aye" sf}e gas djgav dngncadag} y}n}fy}fiy djfgcoj{sn{m'
Ynvfgcy Yfma$Xjila} Niijqg} Knbngia0 ->"36?'13
Inxf}nb fy $>>'=9 ! Van{ }j Mn}a' Vfabm[a}q{g jg Inxf}nb fy 8'==398 !
-;?5'9= oj{ n Ybqye oqgm * M{nsmjsg LfbbYsf}ie oqgm %-;9?'58 jsam }j }efy Oqgm&
->"8>8';6 oj{ n Knya YnvfgcyXa{iag}ncay jo }en} Inye0
-5>=';6 jo }efy inye {aya{vam oj{ Bjgc ]a{d_n{fnkba Inxf}nb XX $ % 58'?8 ! &
->;8'88 jo }efy inye {aya{vam oj{ IM Bnmma{i{an}fjg % >>'55 ! &$ Jga ->8'88 Jga Van{ IM xq{ienyam jg >>*;>*;8>>n} 8'?8!$ Jga ->8'88 Jga Van{ IM Xq{ienya jg >;*;>*;8>>n} 8'18!$ Jga ->8'88 Jga Van{ IM Xq{ienya jg >*;>*;8>;n} 8'18!$ Jga ->8'88 Jga Van{ IM Xq{ienya jg ;*;>*;8>;n} 8'18!$ Jga ->8'88 Jga Van{ IM Xq{ienya jg 9*;>*;8>;n} 8'18!$ Jga ->8'88 Jga Van{ IM Xq{ienya jg =*;>*;8>;n} 8'18!
-;8'88 jo }efy inye {aya{vam oj{ }ea of{y} yfma$xjila}xq{ienya % >'65 ! &
-;8'88 jo }efy inye F {aya{va oj{ }ea yaijgm yfma$
xjila} xq{ienya % >'65 ! & -9?'88 jo }efy inye F {aya{va oj{ }ea eamcfgc niijqg}
% 9'1?9 ! &
-181'>= oj{ Ada{cagi Ynvfgcy
Ca}}fgc Xnfm Oqgm0 ->;'58
]j}nb Xj{}ojbfj Knbngia0 ->1"61='3> $ ]j}nb NDKFgiax}fjg }j Mn}a [a}q{g0 , ?'9?1 ! [a}q{g * Vfabmqx , ;'=?3 !an{ }j mn}a&
Y/X 188 Van{ }j Mn}a0 ,;'55 !
Fo vjq ena ngv ~qay}fjgy {acn{mfgc dv xa{yjgnb jq}bjjl" j{ ngv j}ea{ ijddag}y" xbanya oaab o{aa }j ijg}ni} dan}mng'yevHcdnfb'ijdj{nfba{jgdn{la}knbngiaHcdnfb'ijd' F sfbb ynv }en} fo vjq ena ~qay}fjgy nkjq} vjq{
1
mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected] -
7/30/2019 Aileron Market Balance: Issue 29
6/6
Dnv ;8" ;8>;
jsg }{nmfgc ngm vjq sng} }j nyl oj{ dv fgxq}: Xbanya fgibqma vjq{ djy} {aiag} djgav dngncadag}xa{oj{dngia y}n}fy}fiy fg ngv adnfb ij{{ayxjgmagia'
Qg}fb gau} }fda" y}nv ynoa }{nma sabb" ngm {adadka{ }en} bjfgc j}ea{ xajxba mjayg#} ijy} n mfda'
Gj}a0 F" }ea nq}ej{ mj gj} c{ng} }efy sj{l oj{ sfma mfy}{fkq}fjg kajgm ng yfgcba fgmfvfmqnb yqkyi{fka{ ny }efy xqkbfin}fjg fy x{j}ai}am kQ'Y' Ngm Fg}a{gn}fjgnb Ijx{fce} bnsy' Nbb {fce}y {aya{vam' Gj bfiagya fy c{ng}am }j }ea qya{ auiax} oj{ }ea qya{#y xa{yjgnb qya' Gj xn{} jo
}efy xqkbfin}fjg j{ f}y ijg}ag}y dn ka ijxfam" mjsgbjnmam" y}j{am fg n {a}{favnb yy}ad" oq{}ea{ }{ngydf}}am j{ j}ea{sfya {ax{jmqiam" y}j{am"
mfyyadfgn}am" }{ngyoa{{am" j{ qyam" fg ng oj{d j{ k ng dangy auiax} ny xa{df}}am qgma{ }ea j{fcfgnb yqkyi{fx}fjg nc{aadag} j{ sf}e x{fj{
s{f}}ag xa{dfyyfjg' ]ea nkjva y}n}adag}y yejqbm gj} ka ijgy}{qam ny ng fgvay}dag} j{ }{nmfgc {aijddagmn}fjg' Nfba{jg Dn{la} Knbngia fy ngasyba}}a{ }en} nbbjsy yqkyi{fka{y }j bjjl #jva{ d yejqbma{# ny f} sa{a" oj{ d jsg xa{yjgnb yxaifofi }{nmfgc ngm fgvay}fgc fmany ngm
}ejqce}y oj{ }ea gau} saal' Kq} }ea n{a jgb }ejqce}y ny jo }ea djdag} jo xqkbfin}fjg" ngm n{a yqk`ai} }j iengca' ]ea{a fy gj cqn{ng}aa}en} F sfbb ag}a{" j{ enva ag}a{am ng jo }ea }{nmfgc j{ fgvay}fgc fmany }en} F mfyiqyy fg }efy gasyba}}a{< ny bn{ca{ niijqg}y dn {a~qf{a n
mfooa{ag} y}{n}ac ny }ea jgay x{ayag}am ea{a' Ng }{nmay j{ fgvay}dag}y }en} F mfyiqyy sf}efg }efy gasyba}}a{ n{a yfdxb d jsg }ejqce}y
{acn{mfgc d jsg fgvay}fgc ngm }{nmfgc jq}bjjl' F mfyiqyy sefie }{nmay F }nla ngm mj gj} }nla jg }ea Gj Gjgyagya ]{nmfgc Oj{qdy" ny sabb
ny }ea _ag}{fbj _jfia Ya{va{' [adadka{ }en} ag}a{fgc ng dn{la} fy ng fgmfvfmqnb maifyfjg' ]efy gasyba}}a{ yfdxb ijg}nfgy d }{nmfgc ngmfgvay}fgc }ejqce}y oj{ }ea gau} saal' F xa{yjgnbb jgb ag}a{ ng dn{la} no}a{ sn}iefgc ngm {anmfgc }ea }nxa ngm F }{nma qyfgc djga
dngncadag} x{fgifxbay9' ]ea bjyyay fg }{nmfgc ing ka va{ {anb" ngm maxagmfgc jg }ea fgvay}dag} vaefiba ngm dn{la}" ing auiaamjq{
fgf}fnb fgvay}dag}' F nd gj} n bfiagyam }{nmfgc j{ fgvay}dag} nmvfya{" j{ ofgngifnb xbngga{' Kq} F mj enva >? an{y jo auxa{fagia fg }{nmfgc ngm
fgvay}fgc fg }eaya dn{la}y' ]ea Djmab Xj{}ojbfj niijqg}y n{a exj}ea}finb niijqg}y"sf}e nbb jo }ea fgea{ag} x{jkbady }ea{afg" sefie n{a qyam
sf}efg }efy gasyba}}a{ fg ng n}}adx} }j }{nil }ea {ayqb}y jo }efy gasyba}}a{" ngm fy {qg oj{ }ea amqin}fjg jo j}ea{ }{nma{y sej yejqbm dnla }eaf{jsg maifyfjgy knyam joo }eaf{ jsg {ayan{ie" mqa mfbfcagia" ngm }jba{ngia oj{ {fyl' Ng xfi}q{ay qyam sf}efg }efy gasyba}}a{ n{a kabfavam }j kaxqkbfi mjdnfg' Ng ien{}y }en} n{a mfyxbnam qyfgc }ea ]efglj{Ysfd xbn}oj{d" ngm j}ea{ xfi}q{ay sa{a jk}nfgam }e{jqce Sflfxamfn#y xqkbfi
mjdnfg xjbfi'
9 Auni} Bfgl $ e}}x0**gjgjgyagya}{nmfgc'ijd*DjgavDngncadag}'e}db
?
http://nononsensetrading.com/MoneyManagement.htmlhttp://nononsensetrading.com/MoneyManagement.htmlhttp://nononsensetrading.com/MoneyManagement.htmlhttp://nononsensetrading.com/MoneyManagement.htmlhttp://nononsensetrading.com/MoneyManagement.htmlhttp://nononsensetrading.com/MoneyManagement.html