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This is why market sentiment is supreme

May 19, 2018 // 0 Comments

Last time, I explained at length why your views are not nearly as important in forecasting the price path as that of the other traders.  Unless you have more funds available than hedge funds, central banks and governments put together, your trading will have precious little impact on the current price. So who sets the price? This is a common question among the [...]

The oil price is suddenly hot news – has it topped?

May 12, 2018 // 0 Comments

Yes indeed, the surging oil price story is all over the media with forecasts for $100, $150 and I even saw one for $300 yesterday as they come out of the woodwork in a torrent.  It appears everyone is finally on board the bull train now.  And that is precisely why I am seriously questioning the bull story. After all, I am a fully paid-up contrarian and the current setup [...]

Stock market action – it’s hair-raising!

May 5, 2018 // 0 Comments

Hair-raising is the word for it – trading the US stock indexes I mean and is a day trader’s dream with daily Dow moves of many hundreds of pips.  Yes, I sometimes engage in very short-term trading, but my main interest is in trading the major swings that can last anywhere from a week to a few months. But here is a great example of how I day trade. Of course, [...]

GBP takes even more pound-ing!

April 28, 2018 // 0 Comments

Most investors/traders subscribe to the view that markets follow the news and data releases. The problem with this view is that very often, what most consider ‘bullish’ data is sometimes met with selling (and vice versa).  But sometimes, ‘bullish’ data/news is met with an advance. In the first case, they say the market  is in a ‘buy the [...]

GBP takes a pound-ing

April 21, 2018 // 0 Comments

Regular readers know that I make a special focus on forecasting major trend changes in my swing trading approach. Not only does that give me the opportunity to take maximum profits from the old trend, but also gives  me the ability to jump on the new trend at a very early stage. For most traders, this is the ideal position to be in.  To achieve this, I use my Tramline [...]
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