With a new set of weekly candles to assess, we see the USD looking weak, with the greenback having fallen on the week against all G10 and EM currencies, bar the COP - the risk seems skewed for further downside in the buck.
EURUSD closed above the former rising trend (drawn from the March lows) and targets 1.0960 (the 61.8 fibo of the July-Oct sell-off), with...
Hello everyone
How did the price of gold change from 1970 to 2023?
And the events that affected him
The price of gold has continued to rise over the past five decades, from an average of $36 in 1970 to $2,080 in 2023.
Despite gold's status as a long-term investment commodity, its value has declined several times. The periods of highs and lows coincided with...
these incredible films bridge a gap between entertainment and education, providing insight about the global markets and what often goes by in the background and yet help keeping the boredom away.
1.THE WOLF OF WALL STREET - dir: Michael Scorsese. Dec 25, 2013 (crime/comedy)
this movie follows and reflects on the life of Jordan Belfort and his rise to wealth...
4400 is the level bulls want to hold on any pullback for spx, whether it comes next week or not is hard to say. IWM and DJT are not confirming an upward bias on the weekly chart yet, so it's possible they are saying something that most are not hearing. Gold and Silver both hard to tell what's going to happen right now, so waiting I'm for a confirming move up or...
Warren Buffett's name resonates with success, particularly through investments in renowned companies such as Coca-Cola, American Express, Apple, Bank of America, Moody’s, Kraft Heinz, and more. He stands as a global icon, amassing a wealth exceeding USD 100 billion. Beyond his investment prowess, Buffett generously imparts his wisdom to millions worldwide. Among...
Let's talk about John, who loves to make quick stock market choices. He used to decide alone and felt good about it. But after marrying Emma, who likes to think things through, they started making these choices together. This change brought something unexpected – John started doing better in his trades.
Understanding the Effect of Asking Your Spouse Before...
A powerful one-two combination of data pointing to softening inflation is continuing to support investor sentiment and a strong equity rally with Producer Price data this morning showing weaker-than-expected price increases among wholesalers. The data follows yesterday’s release of the Consumer Price Index, which showed no m/m change. Stocks are also gaining...
Hey everyone!
In this video, we discuss why trading journals are important, talk about how to avoid common pitfalls in using them, and go over the keys to implementing one successfully in your own trading.
Over time, a well-crafted trading journal can actually help you make money, while building out the most important skill you can acquire as a trader: pattern...
Navigating the volatile world of trading requires sharp instincts and well-strategised techniques. Breakouts and pullbacks are key concepts in trading, and understanding these principles can enhance trading outcomes. This article delves into four strategies, offering practical entry and exit criteria, and provides valuable insights for trading range breakouts and...
In the today's post, we will discuss the essential element of price action trading - a pullback.
There are two types of a price action leg of a move: impulse leg and pullback.
Impulse leg is a strong bullish/bearish movement that determines the market sentiment and trend.
While a pullback is the movement WITHIN the impulse.
The impulse leg has...
Most people have traded with moving averages. They end up being frustrated and losing money. That’s because they’re not using them correctly. I’m going to show you how to use moving averages the right way.
Where it works and where it doesn’t
To get good trades using moving averages, there’s just 1 thing to do. The thing you need to do is move to a higher...
Nvidia Corp unveiled its new H200 Tensor Core GPU yesterday, 13 November 2023. This chip boasts a 60-90% productivity increase compared to current models, with Nvidia's main competitors still in the process of developing analogs. The H200 Tensor Core is scheduled for general sale in Q2 2024. It may lead to a future rise in revenue and net profit of the...
A pattern similar to the one that took place after the 2003 and 2009 bottoms is surfacing in mega cap tech and in index charts now...
Low risk buy signal suggesting we might get a substantial rally from here within the coming months, but potentially also for a couple years if the quarterly chart triggers here. This quarterly signal is visible in names like ...
With the unfortunate demise of the prop firm My Forex Funds, the issue of slippage has recently become a hot topic. This educational post takes a look at the slippery issue of slippage, beginning with the basics all the way to addressing popular theories and speculations about slippage. Something to remember is that every trader, regardless of expertise, will...
Ever dreamt of being an oil refiner? Fret not. You can operate a virtual refinery using a combination of energy derivatives that replicates oil refiner returns.
Crude oil is the world’s most traded commodity. Oil consumption fuels the global economy. Crude is refined into gasoline and distillates.
Refining is the process of cracking crude into its usable...
Gold is once again in the spotlight, and here’s why!
Economic Cycles, PMI & Gold
The US Purchasing Managers Index (PMI) is a leading indicator often used to identify turns in the economic cycle. A below 50 PMI print indicates contraction in the US manufacturing cycle, while a print above 50 suggests expansion. Generally speaking, expanding manufacturing...
Bitcoin has had an explosive month of price discovery, as over the course of the last four weeks we've climbed above our previous consolidation range and reached new yearly highs.
Data from Glassnode indicates that we are still in the third wave of investor accumulation. Research has shown that in all previous market cycles, there was a pattern of Bitcoin...
