EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
How to improve your decision--makingh between Nasdaq100 and SPX by watching technicals in bond yields - Details in video description.
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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Thanks for the pointers. I will certainly check them out.
I do prefer longer term trades and by that I mean a time frame of 6 months.
Ya, have to agree that trading psychology plays a big part. Again, sorry to sound silly again, but do they actually teach this any where ? Of course my take would be that this is normally "self-taught" but i think it is still worth asking.
I have been scouring the internet for paid tutors and mentors. In fact the EWI website does provide tutors but I hate to say this- I am not impressed with their analysis after having tried them for a month. I cant imagine seeing so many dyed in the wool perma bears all under one roof. but there they are ! But hey, o/h may be they make good tutors who knows ?
Ok, one possible mentor who has piqued my interest is Sid from Elliott Wave Predictions. He is holding a group tutorial this sunday and I will try him out first. If there is a match, I intend to try the one-on-one sessions that he is offering as well.
If you do have the time, please do have a look at his site.
P.S: I know what you mean when you say that EW may not be suitable for newbies but I have since read so many EW articles that I am now hooked on EW and "socionomics" for edutainment purposes ( than for trading) !
Sorry for the belated response.
When I got curious about the markes about 6 months ago, I did some browsing on the internet and purchased- Technnical Analysis of the Futures Markets by Murphy. Amongst the various technical studies presented there, I got captivated by the Elliott Wave and purchased Prechter's Wave Principle recently about 3 months ago.
Though I am still learning I find it difficult to apply EW principles to the market movements in real time. In fact I almost always get it wrong. However that is not discouraging me. So what I thought I needed was a teacher or a mentor. IMHO, it is always much easier to learn from a teacher, better still from someone whom I can respect.
So it was with all this in mind that I was asking for suggestions, not necessarily EW practitioners. I wanted to see the analyst' output/work so that I could then consider subscribing to their services with a view to learning something from them or their tutors, if available.
Sorry for the long winded reply, but I am trying to get you to see where I was coming from.
In short, is there a good teacher out there ? And if so, do they actually publish their work ?
I am no brain surgeon but I do intend to hang on to my day job for some time. I am not as lazy as you make me out to be but I am getting very curious to see some accurate analysts first-hand, hence my question.
Ok if there are no expert analysts for me to rely on elsewere are there any experts in da house whom I can depend on ? Who is the best trader here, really ? Let's give credit where its due. I will accept the usual disclaimers, no worries.
As an aside, can you point me to some paid analyst who in your opinion is wrong, on the direction of markets, 90% of the time so that I may perhaps consider using them as some kind of a contrarian indicator ?
I am more inclined towards investing than trading, though I would like to dabble in short term trades for the heck of it sometimes. The guidance I am looking for is for the former.
I would have thought there should be good quality research out there already. Do I really have to start one on my own?
If your point is that I cant trust anyone except myself, then I would agree that I MUST come up with my own trading plan.
But actually I am prepared to trust people who are more experienced than I am and accept and live with the consequences.
I am considering subscribing to a daily newsletter where there are trade recommendations for spot silver and gold so that I may get some guidance on entry/exit points, including where and how I should place my stop loss orders.
I have heard that one should not be trading the metals futures markets if one has no inkling of what the insiders are doing. I know it sounds silly to ask to ask but I will anyway. So are there any insiders or those informed by insiders providing analyisis out there ?
And if not, do you guys know of any precious metals analyst who is worth subscribing to, paid or otherwise ? I fully appreciate that no analysts will get it right all the time or may be even most of the time. But is there anyone out there worth shelling out our hard earned monies for and who is worth the listen ?
Thanks for sharing your views and/or info.
1.0420 looks like an area where a bounce might take place. Will try to exit there and get in again around 1.0500 if possible.
Will check out edmatts.
Thanks for the reference.
I am going to follow the only trading strategy which I know of, again.
Sell at big figures or semi big figures- like in the AUD right now.
Sold at 1.0495. Will cut at 1.0655 or tp at 1.0350.
I am going to follow the only trading strategy which I know of, again.
Sell at big figures or semi big figures- like in the AUD right now.
Sold at 1.0495. Will cut at 1.0655 or tp at 1.0350.
I keep reading in the blogosphere that they do it through the futures market before and after trading hours, during weekends, early monday morning hours etc.,
Is there any truth in it ?
Because if they are meddling, I think the S&P index is going to see 1500 first before it faces any serious correction.
P.S: By the way I heard James Turk say that gold and silver are ready for the biggest blow off this year to the top, any time from March 15 onwards.