Gold broke market structure and closed below key support at 1270 on Friday 11th October. We have been bearish on gold for some time and We have said that 1270 remains a key level for gold. Last month Fitch ratings announced that $1200 probably is not a bottom for gold…
The McClellan Oscillator is a very useful tool in chart analysis for spotting short term reversals and extremes in the market. Traders can use its signals to identify potential tops or bottoms in the market. The McClellan Oscillator ranges from +100 to -100. Signals on the McClellan beyond the +80…
A few nights ago I found something “strange”… I was looking through some charts of the stock market going back several years and decades back to the 1990s. I find this exercise both relaxing and stimulating as it trains my brain to spot patterns that repeat themselves. Spotting reliable patterns…
Alessio Rastani discusses on Swiss Forex TV the effect of the coming debt ceiling on stock markets and gold (see video):
Let’s examine stocks, gold and British pound quickly after last week’s turnaround from the “no taper” from the Fed to a possible taper in October. S&P 500 futures This week the S&Ps must protect 1687 as a key level. The Dow must protect 15383. Take a look at this chart:…
I have to admit that I, among many others, gave in to “herd mentality”. Originally I had set my mind that the Fed will taper in December, but a few days ago I changed my mind to a September taper instead. I got it wrong. No taper. So what happens…
In this video you will learn in simple steps the “ABC” approach to trading the Fed FOMC announcement: For full details on this FOMC strategy see Day Trading Strategy: How to Trade The FOMC Announcement
Speculation is growing whether the Federal Reserve will start tapering tomorrow at the Wednesday September 18th FOMC meeting. By tapering we’re talking about scaling back on the Fed’s $85 billion dollar a month bond buying program which began in November 2008, and arguably has kept the economy and stock market…
One of the most important lessons we learn as traders is that we must be suspicious of the crowd. When everybody is expecting the same outcome, chances are the opposite usually happens. So here are three surprises we should expect this week. This could turn out “nasty” if you’re on…
They say that the wise man does not just learn from his own mistakes, but from other people’s mistakes. To learn from the mistakes of others is much less costly than having to learn from your own. So here are 5 deadly mistakes that I have learnt from the mistakes…