Trade Management: Letting Winners Run
Gold, bonds, Euro, and Pound; I am taking all three into the weekend. Here is what to look for next and why the moves are likely to continue. It has a lot to do with harmony.
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Gold, bonds, Euro, and Pound; I am taking all three into the weekend. Here is what to look for next and why the moves are likely to continue. It has a lot to do with harmony.
When markets begin to defy logic, it’s all too easy to think we know why, and then start trading them in a “more advanced way” — in this case, looking for a pullback. Knowing that the best traders are slaves to price, I approach the market like a 6-year-old, buying the pullback and selling extensions. … Read more
I’ll be running my work from Miami for a few days starting Tuesday.
In addition to an all-day flight, we’ve got poll results on where bitcoin is going next.
Part workshop and part trade management. See how I am day-trading the Dow and how I am managing the Euro, Pound, gold, and bonds.
The markets were rocked with news of the Korean government “raiding” exchanges and possibly banning all crypto trading. As we’re starting to see more and more, this turned out to be largely untrue. Let’s take a look at a few key levels I’m watching in Bitcoin before I’m ready to step back in.
Even though we’ve had reason to anticipate a pullback … so far we’re only seeing pullbacks into support followed by new buy triggers!!
These are the signals I’m following now, and this is why the yen is critical.
We have been looking for exhaustive ranges for pullback buys in the NQ, ES, YM, GC, and CL, and this is a waiting game. In the meanwhile, there continue to be intraday trades that are flying under most trader’s radar, and it’s the “pre”-pre-market trade.
Achain (ACT) hardfork is set to happen tomorrow. What should we expect leading up to the hardfork?