In a world where you can love anyone and anything your heart desires, fall in love with ONE currency pair ONLY. The notion of "the more pairs I trade, the more money I will make" is false. If you wanna be a consistently profitable trader, it is more beneficial to focus on a small selection of securities and master them, and there is a concrete reason for that....
Russell represents the true economy of United States. There are 2,000 medium size companies with each value between $300m to $2b. The index includes a diverse range of companies from various sectors, including financials, healthcare, consumer goods, industrials, and technology. In my opinion Russell represents the true economy of united states. If the bank run...
Updated thoughts for post FOMC. Also a brief discussion of AAPL leading into earnings. Let me know your comments and questions below!
Star Wars has been around since 1977 which was written and directed by George Lucas. During that time, there have been phenomenal quotes, lessons and adventures that have been shared. Instead of telling you different lessons Star Wars can teach you about trading. How about I share some quotes and how you can apply them? Here are the ones I find are the most...
Join Wave Master for a live webinar on mastering forex trading. In this webinar, you will learn the most effective forex trading strategies, risk management techniques, and how to maximize your profits in the forex market.
GS bear flag formation and double top pattern, with a clear RSI bearish divergence in formation. Goldman Sachs has been making a series of higher lows on the 2H time frame and had shown no sign of weakness. However, after the recent failure of First Republic Bank, FRC, the spotlight is back on the banking sector. FRC assets were sized by the FDIC the past week...
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There are weeks when the landmines by which traders must navigate are seen in such abundance, where the implications for market pricing are so meaningful, that we manage risk well or we simply get schooled - this week seems to be one of these. As we look down the calendar we see marquee catalysts everywhere – earnings, central bank meetings and tier-one economic...
So we just had CPI data come out with a 7.1% Showing... Market heavily affected with USD further weakening. For many this gave the way for EXITS on any former light longs and an idea of where we can look to short... But the main point is this provides opportunity to Trade News Events the right way... By not guessing. Use the market RE action. Not the market...
Everywhere good news, inflation is dropping, the FED is about to pivot. Energy is dropping and every single technical indicator is telling us that we are in a "perfect bottom". Many argue that we are in a similar situation to 2015, at least the price action of the main indices. So let's discuss some arguments and figure this out. First and foremost, price...
Released my ticker correlation indicator! This is just a quick tutorial on its use. Here is the link to the indicator: please let me know your questions/comments and suggestions.
Let’s say you are trying to make a tough decision, you know like everyone did in their life. You've got loads of information at your fingertips, but how do you know what's most important? Should you spend hours analyzing every detail, using all the information, flooding your brain with the information or should you trust your gut and take a leap of faith? It...
Just recently, we remarked on Bitcoin’s positive reaction to weakness in the U.S. banking sector. We said that, potentially, Bitcoin started to show the first signs of maturing as an asset Furthermore, we said that we would pay very close attention to its price action during the banking earnings season. Intriguingly, Bitcoin started to drop with solid earnings...
Understanding VIX Generally VIX measures the pricing of at-the-money options on the S&P 500 SP:SPX FOREXCOM:SPXUSD where such options have about 30 days until expiration. Higher VIX readings mean that demand for at-the-money options on SPX has risen through hedging or bearish positioning (usually both)—meaning that fear and uncertainty has arisen along with...
Hi and welcome back! As a trader, you have probably at one time heard about the Turtle Traders, right? But what was it, and what can we learn from it? Let me take you on a journey into the fascinating world of the Turtle trading strategy! 🐢💰 This legendary trading experiment, conceived by two master traders, Richard Dennis and William Eckhardt, in the 1980s,...
Bitcoin price action analysis, key levels, potential scenarios for coming week. Question about stock or alt? Ask in chat.
In this post, I will present a market analysis with a focus on recession metrics and indicators. Right now, many of them are sending a recession warning. Home Prices - U.S. home prices are surging higher at the fastest quarterly rate of change on record. (See chart below) This extreme rate of change in home prices is occurring as U.S. 30-year fixed mortgage...