I previously told people to get ready! Some weren't ready. The market seems to have selected a 30 min ATR trend line pattern to follow south. How far it will go - nobody knows. This is the essence of trend following i.e. NO TARGETS. This is hard work!
Loads of traders - mainly gamblers and those on small time frames - were taken out by a panic in the Gold markets which were affected by bond markets and stock market flake out of 3,500 points (DJI). True traders - not gamblers - had an idea what was going on. In this screencast I show an opportunity to go long - subject to acceptable controlled losses - and...
Nobody likes to hear about loss. Well, I shout about it 'all' the time. EURCAD is at an ideal position for a controlled loss. Sorry, you can't win if you're not willing to take a loss. I show why the daily time frame creates opportunities on lower time frames for a short. Disclaimer : This is not a recommendation to trade in securities. No guarantees. If...
I explain some of the price action on this chart and show an amazing 15 min trend. The melt down has been caused by fears about the COVID-19 virus. This is the biggest 3 day dump on the DJI is about 3 years. I explain how serious it is.
Loadsah people are occupied with Gold and Bitcoin etc. That's fine - cuz people go where crowds go. I'm not 'people'. I go where there is a better chance of gain for lesser risk. I explain why I see Silver as the big one on the horizon. Disclaimers : As usual no guarantees. If you cannot stand losing money don't do trading. If you lose your money sue yourself.
If you can't see a rising contracting wedge, and price struggling near the top - and if you don't know what that means, why are you trading a live account? Did I say there was a guarantee of anything? Did I predict anything? I did NOT!. Disclaimer: This is not an encouragement to trade securities or alter anyone's open positions. If you lose your money, kindly...
Yep - the algos play out the addicitons of their masters to cheap money: low interest rates, REPO pumping, and the implicit guarantee from the FED. But an itty bitty virus that disrespects world leaders, has everybody flummoxed and reaching for safe havens. In this screencast I show a bit of algo action and some smaller time frame trends which can last for over...
Central banks around the world are coordinating in a last stand to prevent global meltdown. So - they're about to decide massive liquidity injections into 'their economies'. China, the USA, Singapore are already on board. Expect Germany to follow cuz the German economy is on the brink of a recession. What this could mean is a number of things: 1. The punters...
Not much to say here. Methinks most people have missed the storm. If you haven't tell us about it! LOL.
Man and Money won round one over the virus, propping up markets world wide for short time. The skirmish was one by flooding the markets with cheap money and other means of boosting sentiment. But shortly after round one, the markets began to burn down. A great jobs report in the USA was ignored. A minor 10 min blip north then the markets went south after...
The XAT is offering some interesting opportunities on various time frames. I explain.
For a long time I've been saying that here is something in 4H trends. This screecast shows why.
The picture of the 2019-nCOV is rapidly evolving. Globally there have been >14,000 cases and >305 deaths. The trajectory of spread of this virus has exceeded SARS (2003). In under 20 days there are 14,544 cases. There were less than 20 cases in the same period for SARS. SARS plateaued off at 8,500 cases after 100 days then fell off. What we're seeing in hard...
Important things could be happening in cryptosphere in the next few months. I think TRON (TRX) may be in a position to bounce north. ALTCOINS could be back! Of course it can always bounce south. Those who can't stand losses should not be doing trading.
A 'black swan' event is something out of the blue - that creates systemic risk. The 2019-nCOV (virus) is potentially one such thing. The markets have not been prepared for this - at all. Could it be the pinprick that pops the 'tech bubble' that influences markets globally? The shock waves of this itty bitty virus are totally unexpected. I go into some price...
In this screencast I look at the S&P500 on the 4H time frame only. I show how I estimate the probable direction (this does not mean prediction). I give some information on why the markets are reacting to a low grade coronavirus called 2019-nCOV (same family as MERS and SARS). Disclaimer: This is not trading advice. If you make decisions based on this...
This is a very short presentation on how previous virus attacks have affected Wall Street (daily time frame). I go back to 2013, plotting what was seen. This is relevant in relation to the recent Wuhan coronavirus (WCV). Mainstream media have referred to WCV as a "deadly virus". This is frankly nonsense based on current data. The case fatality ratio (CFR) is...
News of one person in the USA being struck my a Chinese coronavirus, cause the markets to retreat on a northward charge. Only some 200+ points. Not much but it is significant. The DJI is highly overpriced at the moment for a whole load of reasons, and it's very twitchy. The fact that the markets reacted to this story at all shows the twitchiness. It's just one...