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review3.17.20 GOLD SILVER DXY COPPER ENPH OIL: I think it's important to know why the dollars going higher, and gold is going higher. when markets have very large corrections lower this forces commercial funds and other traders to sell the good and the bad to meet margin requirements. In 2007 or eight when the market took a nosedive gold went lower and the dollar went lower. The reason for this is that large funds will sell their goal position, and countries will sell their gold position to meet margin requirements or other requirements that are transacted in the dollar. So you may want to buy gold when the markets correcting from a high in the markets moving catastrophically lower, but you may be perplexed why the gold is going lower when everything appears to be so unstable. I misstated the description that you could hear from the fund manager of Brent Johnson of Santiago fund. if oil is in a bear flag and makes a new low, I would be looking for a buying tail to get long. I think silver will reverse and go higher and that this is a capitulation move even though it has not impressively moved off the recent bottom. I believe the price of silver is near or below the production cost for many of the silver mines, it is ridiculously low, and gold retested at 382 and bounced off of that and looks like it might be heading higher to me. When in doubt, stay out... but you can follow the market anyway. Copper traded the pattern beautifully and came to the support; I think of Copper is one of those markets you don't have to trade frequently which means you don't have to spend all day looking at it. I think ENPH is going to move higher from here.
TVC:GOLDEducation
by ScottBogatin
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.
TVC:USOILEducation
by ScottBogatin