Stop taking life seriously
Life stopped taking you seriously a long time ago
It's all just speculation, run with the herd like sheep, stampede like elephants, swim against the current like salmon
Once you find yourself being Truman Burbank, playing Neo in Groundhog-day, you'll know that fiction comes before fact, for fiction writes life.
Dreams are real and...
Only a little over a month left and we will put 2020 to rest.
The greatest year ever, it was huge.
What could possibly go wrong in one month, right ?
I am sure 2021 will get much better (mark the date in your Agenda ), all this nasty stuff that is behind us will transmute into GOLD as if by magic.
Lest we forget, all that glitters is gold
Enjoy the pretty...
It is often said that being emotional and trading is a bad match.
Much of what we can observe in the markets is exactly that, emotions.
Some random virus showing up out of 'nowhere' that gets extremely blown out of proportions and is used for whatever agenda .. BAM .. markets react with full blown panic.
President-candidate A says this or that .. BAM .. oh no,...
Trading is just one of the many ' hobbies ' i have or had, another one is picking berries and nuts.
Now being Autumn is/was busy season, everywhere you looked, nuts. Hazelnuts, Walnuts, Chestnuts, NUTS.
On bushes and trees, in the fields, the forest, on the street, in the houses .. even most of my neighbors are nuts (err .. different story .. yet VERY much related...
Why it is impossible to find the "Holy Grail" , the 100% success strategy .
There are several "schools" of trading, basing their entries and exits on sometimes completely contradictory signals/indicators/numbers/planets and whatnot.
'Mostly' being self-fulfilling in nature (if enough 'see' the same thing, trade the same thing, their own actions -anticipating it,...
Has been a while since I last looked at UKOIL (should we have used Illeism ?).
Not an in depth anal-ysis, just a demonstration of how the same strategy can behave on different kind of "assets"
For a bit more details of this so called "strategy" see here:
A little tutorial
based on the (my) notion of:
"Do your own research"
"Don't listen to others (too much)"
"Do it yourself, you can't rely on others" aka "If you want something done right, do it yourself"
So there is a tremendous amount of information out there, plenty of strategies one can use, but what works and what not?
How to be sure?
Don't just assume...
Cutting your loss can be hard but has to be done before it ruins everything. You can try to "bag-hold" or "cost-average" ad infinitum (sometimes this might even work), but you will more than likely face the point where your portfolio is wrecked.
Compare trading to relationships:
Ever had a friend or partner who, even if they were aware of their problems,...
One sees random numbers and puts arbitrary value onto them, thinking this cognitive bias is a gift.
Using this gift would, of-course, be insider trading (by their reasoning).
Therefor using the gift would be thievery (by their reasoning). Stealing money from poor ignorant retailers oblivious to the shenanigans going on in this business.
If one places their...
Initial Capital = $10.000
Commision = maker fee 0.1%
Entries are based on ... some stuff
Take Profit, Stoploss and Trailing are based on .. various reasons
Can go LONG and/or SHORT
Works on every timeframe and 'asset' to varying degree.
RED dotted line found support in the past .. possibly resistance now (already 2nd attempt now)
ascending GREEN triangle targeting 9k
or if falling out under triangle (since Corona pushed it back down in its orginal large descending channel)
ascending PURPLE channel targeting 8K *
Now 'everyone' is fleeing the markets .. is it a good idea to infest Gold ?
There certainly seems to be quite some volume rushing in at the moment.
What happened the last time(s) ?
2007/2008 Housing bubble ..
Gold vs. SPX
2000/2001 Dot.com bubble
Gold vs. SPX
Chart is Logarithmic
In Linear-mode, triangle is perfectly symmetrical with 'apex' at 10k (Hello 10k .. (reference to my older idea's, when 6k was apex) )
Watch for breakage of parallel channel (downside = invalidation of everything) and triangle (again downside=invalidation of everything and upside =...