This is really like a David and Goliath story. Amazon is the big Giant and many traders with smaller accounts may not be able to take it on.
In the screencast I show why I estimate cautiously a key position with probability for the south. Note carefully that every probability estimate in one direction leaves a probability for the other direction.
I'd like to encourage all new trader on paper trading accounts to try this out.
Amazingly when one gets down to the 5 min time frame it's possible to see how Amazon affects whole stock markets around the world and forex pairs (esp AUD and all Yen pairs).
In the screencast I show why I estimate cautiously a key position with probability for the south. Note carefully that every probability estimate in one direction leaves a probability for the other direction.
I'd like to encourage all new trader on paper trading accounts to try this out.
Amazingly when one gets down to the 5 min time frame it's possible to see how Amazon affects whole stock markets around the world and forex pairs (esp AUD and all Yen pairs).
Comment:
Caution folks - Amazon is causing some terrible spikes on many forex pairs especially anything with Yen in it. AUDJPY is particularly vulnerable. This action is coming from a 5 to 10 min time frame.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
