Tag: eur/usd
I do not usually comment on political matters as this is outside of my remit – unless there is a clear market impact as there was on Thursday with the latest Brexit twist. Some cabinet ministers resigned over the plan and that hit sterling hard.
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
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
Regular readers will know I have been not so patiently waiting for this. It is a common observation that currency markets often extend trends far longer than you think possible. In Elliott wave terms, we see many extended fifth waves and these are often the
I ask that question rhetorically because I have asked it several times this year – and the answer was always ‘no’. A few weeks ago, I noted a rush of MSM articles that proclaimed the end was nigh – and I took that as a
I rarely read about someone in the MSM who embraces the notion that we humans do not base our decisions on rationality, but on emotion. Of course, this destroys in one fell swoop the basis on which economic theory as taught in universities! The latter
ANNOUNCEMENT I am now offering a 14-day Free Trial to my VIP Traders Club throughout the year. Sample a membership for free and see for yourself if it fits in with your trading style and profit goals. Details here. Yet another North Korean missile
When stocks make major highs, they do not all do it lockstep. And I believe a major high is upon us. But isn’t it curious that sentiment between the professional money managers and the public appears to be poles apart? Not when you accept that
I am always on the lookout for omens in the MSM especially that seem to foretell a major turn in a key market. A prominent article about what investors are doing and thinking can be relied on to signal an imminent turn, especially when the
FREE TRIAL OFFER TO VIP TRADERS CLUB STARTS NOW Yes, my semi-annual two week Free Trial offer to my exclusive VIP TRADERS CLUB is now open. APPLY HERE I cover many stock indexes,many currency crosses, gold, silver, T-Bonds, metals, US grains and soft commodities (sugar, cocoa
I am no great devotee of the political scene, except for light relief from trading, but the campaign waged by the ruling party in Thursday’s elections must rank as one of the most incompetent ever. Not only that but Labour, who could -and did –
