As you know I go to great lengths here to keep people from falling into the "know it all" trap that permeate's the great divide known as financial experts. You should be aware if you have read my blog long enough that this does not ex…
Isn't oil supposed to be racing to new highs as all the money shufflers say and the big production cut by OPEC?
Well that is why we have levels and why we have stops. Just in case we get one wrong every now and then which we do. If you hav…
This is a very good question where there are many arguments both for and against this. In my own opinion it depends on the system. For example if you have a system where you swing for the fences quite often looking for those 3:1 or greater risk to …
While I am not an expert by any stretch of the imagination on technology or coding I do know that there are many disruptive technologies coming that will allow us to feel a greater sense of comfort and stability. The people that would have you beli…
Well it is that time of year again for the pundits that call themselves the "smartest men in the room" to start crowing about the total collapse of the economy. I am sure that you all have heard it and the tone is getting louder lately wh…
Well if you go back a couple of posts I told you where the AUD was headed. It took a few days to get there but you can clearly see how powerful my levels are. No they are not volume alone. However a few hundred pips more in profits.
This is th…
Do you see the chart below. I want you to look very carefully at it. This is called the account killer. It happens usually about once or twice a week depending on the market you are trading. Yesterday and today it was in oil.
Is there a way to reco…
This week should be another rather uneventful week other than I think the trends of the markets are establishing themselves for the long run.
I was wrong for the first time in a while (as in years) for gold. It crossed my 1271 level and so I exite…
Well I found my entry point close to my level in Oil to ride the black goo higher. It bounced down to get some small stops but was forced back. I put bonds on here to help you get an idea of how wrong the talking heads were once again. Even big sho…
