I can't help myself but laugh each time I see amateur positions and strategies. What a spectacle of failing! Gee I wonder why retail puddle brains all lose money in Forex. Now how come the success rate is so low? EURTRY is pretty mind blowing. 99% short on myfxbook. Let's check a few other ones. USDCAD: myfxbook: 86% long IG: 83% long FXCM: 85%...
After a long boring choppy market the price is moving, and this may be the time to hop in, we get a discount on the price. You may also want to wait for the price to bottom. We can buy a bit as the price goes does, then a bit more as it bottoms, then a bit more as it goes up, then a bit more on the next pullback... I can't tell if it bottoms or...
I'm not teaching anything dramatic when I say that the western and therefore the world paradigm and global economy are being driven by what is going on in: The United States on the other side of the pond. The United Kingdom, France, and Germany on this side of the pond. The US are almost in a civil war, France abandoned the liberal left and are on the verge of...
Commodity prices are still going, several commodities have gone past all time highs, such as Palladium, Lumber, Steel... And grains are also going up very strongly, Corn hit an 8 year high after 6 years of price stability, and they're all not far from ATH. Corn imports have fallen as buyers are put off by the high prices (they are going against the trend, what if...
Yet another all time high for the S&P 500 that just crossed 4200 points! How are there still any bears? EURUSD, GBPUSD, NZDUSD, and other, all going down, as fears dissipate and the USD goes up, pushing everything else down. I'm sure some people that were scared of a hyperinflation got reassured by shills "last time they said", "prices are up because the economy...
AUDCAD is predicted to move lower, and started trending down, so I am going long. It's complicated... Let me explain why, to sum up it is because nothing ever goes in a straight line, and trends have waves. I would not recommend doing this to someone working at a hedge fund or bank, unless they are trying to get fired. Fundamental drivers & economic calendar...
Karl Marx the short term speculator, Friedrich Engels the investor, and probably an advisor/mentor for Karl Marx. Engels also seemed to speculate on commodities (he mentions Corn, Cotton... they were the oil of back then, there isn't such a big need for risk takers these days with how big the productions have gotten). Marx & Engels were right about the core of...
INTELLECTUAL QUOTIENT The one we hear the most nonsense about and for 1 legit piece of info there are 500 TB of crap. People are super insecure about this. Even in investing circles, where individuals are at or above average, still insecure. Academics using Finnish data (because at 19-20 men have to pass an IQ test for the military) found that 25% top IQ (IQ >...
Worldwide investors eager to finance the US programs are making a comeback? I think it's mostly short term. The USD rally won't go far imo. Patterns used to work, but now they don't. Why? I might have the explanation: It's as if casuals heard about GME early on. Melvin capital liquidation price was at say $125. Casuals buy at 40 then get excited and sell at...
Hello, I have an overtrading problem. There are solutions, they are just not on the internet on trading websites. They come up with the same useless nonsense you'd expect "take some time off the screen", "don't try to get rich quick", "defeat your overtrading", "get motivated get a plan and force yourself to stick to it", "be patient" 🤦♂️. What is next? "Brush...
I've heard this from a social media, from someone involved in this business. When I checked lumber futures with the only brokers that grants me access, the min order is 0.5 lots (62.5K), the risk would be at least €5000, and I also saw a 40,000 wick yesterday, and a 10k wick the week before that. So it's just not going to happen. I'm way too poor. Other goods...
99% of retail FX traders are scalpers or day gamblers or "swing" traders. According to a paper on the BOJ website I'll link below, in 2015 a mindblowing 57% of retail clients were "scalpers". 86% were either scalpers (0 to 1 hour) or day gamblers (1 hour to 1 day). They excluded those with positions held over 1 month, 1 week to 1 month was only about 5%, much...
Price barely dips and I'm seing a truckload of short ideas, and bears calling for zero. "This is it coinbase is exit scamming". They will never learn. It's always the same story. I always hear the same things over and over, endlessly. Not trying to brag, this is why I knew for a fact this 2019 pump was most definitely NOT the "return of the bull...
Bulls exhausted the bears finally. I got kicked out of soybeans and missed buying corn at the bottom of the triangle by little, I was too slow to decide and to look into it I think. Commodities are going up. Gold not so much, investors are not interested. But metals used in the real world, prices are all going up. Today Palladium marked a new all time...
You could draw a bubble chart. First it starts with Euphoria. The whole world is stunned at the Soviet success, in particular African nations... (Remember Ghana had a higher GDP/capita than Ireland, bad decisions were made) Any conspiracy theorist negative about the great USSR success gets literally laughed at. I also mentionned Bernie Sanders praising the...
If you like Elliott waves this pair is doing a wave 4, looking at the chart more than just ultra zoomed in we can see those appear previously: On 1 hour the price is going ABC and ending with a strong red candle like some "capitulation" I think it can drop quickly a last time then reverse. If the price on this 1 hour makes a double bottom or V shape bounce is...
The amateur gets this really no brain system where an indicator or chart pattern or robot or telegram sends them a signal then it's just a matter of placing a limit order with target and stop loss. And walk away to avoid messing with it because of "emotions". And it is the same process for every strategy no matter what any instrument etc you name it. Well to be...
What a wonderdul week! I have been buying since October so you bet I enjoyed it, first I started with the tech indice, I even bought the very bottom of that consolidation area, nice. I expected the "uncertainty" to be over and optimism to come back 1 at a time. But the nasdaq indice was not doing that great - it went up but weak - so I switched to the S&P 500 (and...