“The way a Sunday is meant to be spent!”
I’m in the process of finishing up work on my definitive trading course … since I
started there have been some minor changes to the format, and the way some
material has/will be presented, and I have included everything into one course. In
total, there are 10 markets I cover; they are in no order of importance, XAUUSD
[spot gold], XAGUSD [spot silver], GBPUSD, EURGBP, DAX30, DOW30, SP500,
NDX100, HANG SENG INDEX [either the 33 or 50, it matters little], & crude oil
[WTI and/or Brent]. Details of each, obviously, will be in the course material.
Each market has its own specific algorithm for 1) short term trading, whether you
want to call it scalping or day trading … whatever … , and 2) position trading
during the week, Monday through Friday, via the HR1 [hourly] candlestick charts.
To that end starting today, I’m including coverage of the 20 Day Range MA for
EURGBP into the GBPUSD chart, and the NDX100 into the DOW30 chart. Every
Sunday will see the 20 Day Range MA charts for the 10 markets listed above, with
Directly below, the 20 Day Range MA for our selected markets.
click on any chart to enlarge
Quite frankly, if you’re not trading one of these 10 markets you should be, simply
cuz this is where all of the available market volatility lies … what matters is “net
cost” to trade and volatility … and the cold hard facts are that Yen crosses, along
with USDJPY, are pretty much stagnant thanks to the manipulative efforts of the
BOJ [Bank of Japan] … you end up paying for volatility through wider bid/offer
spreads, but 99% of the time you don’t get it anymore … in the stock indices,
while I realize there are other indices that have their moments, they aren’t
consistent enough in terms of volatility, nor do they have reasonable, reliable
bid/offer spreads that you can count on day-to-day. It’s bad enough with the
scumbag LP banks in the majors … you get into the lesser indices and it’s a
mess.
Some might be surprised I’ve included EURGBP … don’t let this cross fool you, it
offers many advantages, and I’ve traded it for a long time … with “Brexit” clearing
up shortly [please God], and with a “net cost” to trade under 1 PIP, it’s a good
candidate. More on all of these in the days ahead.
On Friday, in the late afternoon, news broke that sent gold into a mini melt up
… yea, the ChiComs cancelled a class field trip to Montana & Nebraska … OMG!,
the world caught the vapors … over the weekend, it was rescheduled cuz it had
nothing to do with the “China trade deal” horseshit we’re accustomed to … well,
that’s interesting … will the market take it all back then? … who knows?
Onto the week at hand … until tomorrow mi amigos … Onward & Upward!!
Have a great rest of your weekend everybody!
-vegas
No comments:
Post a Comment