Months ago following a Fed update (might have been after Jackson Hole from memory) I sarcastically wrote we could almost use Powell’s speeches as a new indicator we could trade with. Paid me off today with my long ‘M’ Aussie $$. Normally I’d sit out F.O.M.C. days but I could just see the reaction coming…
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There’s NO Hiding it
Five Minutes from Hell Like the bulls running through the spring streets of Pamplona Spain, you can see them from a mile away. And I’ll show you what I mean. My apologies for doing such a lopsided screen shot of my chart. I grabbed it quickly just to illustrate the stop running five minute session…
Traders…Start Your Engines
All these long years I’ve been writing AGAINST trading Bitcoin. It’s never been about the “coins… it’s been about the illegitimacy of the entire up-hill battle to offer a trading vehicle where we could repatriate our money. Win or lose, I wanted to know my positions were backed by reputable, controlled and regulated exchanges. I…
Where Does the 4 Billion Come From?
A very good question. (read the full story) but these things also beg the question…where does it go? Certainly never to the folks who were defrauded of their money. Trade a stock! Trade a currency! Trade a commodity. Trade a vehicle that’s controlled, regulated and except for an error in judgement, SAFE!
I Hate to Gloat but…
Hope SBF looks good in a jump suit! Writing for years on how bogus and full of theft the unregulated world of Crypto is, very recent events delight me. The long arm of the law came down on Sam Bankman-Fried’s throat. (is the name ‘Bankman’ for real?) To keep my joy fact-full and not gleeful,…
Lead into GOLD
“Up in the morning, up in the morning, out on the job. Well you’ve got me searching searching for… searching for, the philosopher’s stone. Even my best friends, even my best friends they don’t know That my job is turning lead into gold. It’s a hard road even my best friends they don’t know And…
Muddy yet Clear
Cross pollination of Fib zones points toward all the important areas attracting buying support. We shall see if it holds. Creates a muddy picture but will the waters become clearer soon? Tight stop!
Manage Trading Expectations
Successful Stock trading or Futures trading is all about managing your emotions and expectations. You already know that! Stock trading doesn’t often turn out exactly like we want it to. Especially in an uncertain Fed policy environment and with unpredictable International banking problems. This affects our emotions because we are wired to want instant results…
Futures Trading Success
Avoid living in the “should be” world. Live in the “is” world. That will keep your feet planted in reality for your profitable stock trading or profitable futures trading efforts. If anyone is magically going to appear and just suddenly make your trading life better, you have to know the only person that can perform…
Punted Away
I’m conflicted over the Bitcoin debacle. On the one hand, as an entrepreneurial libertarian I’m against government overreach and ever increasing regulation. But in these cases like the recent case of F.T.X., I think we can all agree it’s become too easy to dip a hand into the cookie jar. Apart from the obvious massive…