Will we have a Santa Claus rally this year?
Statistics say, it is likely but let's start from the beginning...
The Santa Claus rally is when stock prices, both locally and globally, tend to go up and end the year on a positive note.
Now, why does this happen? Here are some ideas:
Holiday Cheer:
During the holiday season, people generally feel more...
Last week, we had a huge development for crypto investors.
Bitcoin really rallied…
And the price rise, was largely based on BlackRock's application to establish a US Bitcoin Exchange-Traded Fund (ETF).
BlackRock, Inc. is an American multinational investment management corporation, that serves clients in over 100 countries. .
It is one of the world's largest...
LESSON OF THE DAY:
When the price breaks and closes BELOW the wick of the previous LOW in a DOWNTREND we have a Break of Structure to the downside.
Think of a Break Of Structure as a simple CONTINUATION in the overall trend.
Which in this case is a downtrend.
Do you use SMC in your trading?
We saw a major drop of 44% with Steinhoff to just 90cents and Its market capitalisation lost as much as R3bn in the fall from R6.9b yesterday
Steinhoff is in troubled waters with a debt of R185 billion.
There is a deal where if Shareholders will agree, they will end up owning 20% of the company.
The Creditors will own the rest.
The problem is the company...
This is a very basic setup of our EMA5 4hour gold trading strategy.
- We show how to draw strong S&R LEVELs using EMA5 ON H1
- We then show how to trade these levels using H4 chart
- Money Management is not discussed and is critical in the risk management when we trade this strategy
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