oilYou might want to listen to this carefully....and then follow this market for a bit...to decide if this makes sense and is of interest to you. Price Dynamics. Expanding market.
Commodities
How to trade the current markets!In this video I explain how you should be trading the current market movement and conditions. This video is more educational than anything else.
FLASHING RED!! BRACE! 🚑😲This is serious picture emerging right now. Have a look. I'm watching what's happening with Gold in relation to the Down Jones Transportation Index, and Bitcoin. This is all coronavirus related.
In tight summary, the smart money is moving into things that store real value - the kind that's unlikely to be affected by central banks.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
ARE YOU SHORT ON SILVER? GOLD? MUST READ!Concerned. Had always dismissed claims that silver would not be available when the time came but tonight, I've just noticed apmex.com (a top online retailer for precious metals) has now listed many of the top selling 1 OZ SILVER BARS as PRE-SALE ONLY. AKA SOLD-OUT. Then I checked the smaller sub ounce gold coins. Same story.
Wonder what happens next?
FOREXCOM:XAGUSD TVC:SILVER TVC:GOLD OANDA:XAUUSD OANDA:XAUEUR FX_IDC:XAUCNY OANDA:XAUJPY AMEX:JNUG AMEX:JDST AMEX:GLD AMEX:GDXJ AMEX:GDX AMEX:BTG NYSE:GOLD AMEX:NGD FX_IDC:XAGUSD AMEX:SLV
Gold need to hold 1430 to 1440 for Wave 3 to continueGold need to hold 1430 to 1440 for Wave 3 to continue .. Going break the support around 1550 is also not bulish.. let us watch for next few weeks on months..
If 1800 crosses we can expect 2500 in next five years.. As of now i have negative bias to go below 1550 and 1400.. let us watch it
Frustrating times3.3.20 Oil. Everyone runs in to frustrating times when trading. Frustrations can be due to a number of reasons. Taking a break from training is one obvious solution, but I have some other solutions that are not so intuitive which of work for me. Since I only had 90 minutes for the video I had to scurry forward to cover the topics that I wanted to discuss, and I also wanted to read the markets on different time frames and related to how your trading can be affected. Probably too much information into little time, yet I think this video can be helpful in a number of ways if you listen carefully, and you take some time to draw some of these lines and work through the process on your own chart. Obviously I do not know all markets, but my belief is that these patterns are universal and that price action is due to human behavior, and that all you have to do is understand the thinking of other people, including those that have more influence on the market than you do and they can influence nonrandom behavior in the market. Even if you don't agree with every premise, my experience is that these patterns are highly repeatable and require some time and introspection regarding your own analysis, and this should have a beneficial effect.
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Gold vs Ringgit, Safe Haven against Political MessMost Malaysians don't know that Gold is doing quite good versus ringgit, and Gold versus Ringgit is in a PARABOLA, which may continue to go higher in the future. That's why I don't hold any fiat or cash. Fiat or cash are only losers.
Tried to educate them, sadly, most of them don't know and don't care about investing, they care more about politics and other stuff. Nothing much can be done.
New York Watchlist: 7 solid active trades!Ok so we've got a big selection of trades today... 7 active setups !
Enjoy the video!
