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PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI), LLOYDS BANKING GROUP PLC ORD 10P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), LOCATION SCIENCES GROUP PLC ORD 0.01P, VODAFONE GROUP PLC ORD USD0.20 20/21, POWERHOUSE ENERGY GROUP PLC ORD 0.5P
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In this screencast I focus on 'lean hogs' and the Mexican Peso v Sterling. The core issue is the ranging pattern on the daily time frame (over the periods I'm looking at).
In general these two instruments are highly volatile and risky. However, the pattern creates expectations (not predictions).
In other posts I pointed out that certain instruments have a ...
'Prediction' is a word commonly seen on Tradingview and other places. Quite often people go, "Nice prediction!" when price moves in favour of some setup that was previously shared - and delivers profits. This use of the word or concept of prediction is wrong for a number of logical reasons.
Not because I say that B will follow A, and B happens means I've ...
I'm exploring the psychological torture of managing equity gains - mostly in trend-following. I shall not go into methods. I wish to distinguish trend-following from trend-continuation trading. Those who do not know the difference can read up on the net, or start here.
At the outset traders will have watched their positions move into much positive equity in a ...
GBPMXN (weekly) chart is showing some interesting features, which lead me to be long on lower time frames.
There is some sort of triangle, wedge, or pennant following breakout.
The pattern is holding above a level of support (at this time).
Based on experience, this creates a probability for further moves north.
The Aroon is showing that the bulls are still ...
Whilst I am on a roll, I'm pushing out loads of questions and thoughts that have occupied me for the last two years. All this is well 'Beyond Technical Analysis'!
In too many trading/training videos out there, I've heard the words 'discipline' and 'self-discipline'. These are so commonly used words that many take their meaning for granted, or as something very ...
Over the years I've traded many markets e.g. commodities, metals, cryptos, forex and so on. For new traders the word 'instrument' means a particular chart in a market segment. So the US30 (Wall Street) would be one instrument under 'Indices'.
What I have observed is that certain instruments behave very differently to others on the same time frame. It's difficult ...
If you’re reading this looking just for the best course to attend, you may be disappointed. I go deeper than the simple issue of 'which courses' or 'what course is best'. The sharing of my personal experience may be of value to new traders but also for more seasoned traders.
I’m sharing a summary of my experiences over the last 4 years, so that ...
Harmonic Move/Structure/Fib Confluence
Price on GBPMXN is at a possible band of horizontal support. But at least it is an important structure level.
Price has also broken the 200 EMA on the weekly chart. However, it has recovered in the in recent months from such a level.
Disclaimer: This is not a recommendation or encouragement to take a position, or invest any money. GBPMXN makes both ...
How much are you willing to risk?
We need the big bears to bid lower to this to work!