Chartered Market Technician, a trader in Equities, Forex, Futures, and Options. @Pinnacle_inst, FXStreet Best Educator. Start your trade journey with me👇🏻
Over the 25 years I’ve been involved in the financial markets, I have never seen continued volatility like this. Skilled traders I know are even taking a break from screen in this craziness. Don’t try to be a hero! If you do trade then keep it small size for now..
The markets keep choppin', and man, it’s been rough.
My rent’s overdue, and my gas tank is dry,
If I don't get a breakout, I swear I might cry.
Oh Lord, won’t you give me one good trend day a month?
I’m exited to announce that I will be holding my first public webinar for some time this coming Friday at 4pm ET. We will detail a simple, relaxed & proven trading system that anyone can follow. And no, you don’t need to time the market…Register here:
eventbrite.com/e/learn-to-sw…
The market dropped on the uptick in unemployment. It is currently retracing the reaction, but it looks like it will finish the week with an inside day. The bullish trend is still intact although the intraday trend on the 60-minute chart is bearish.
The indexes may be overbought, but it can become more overbought in a strong bullish trend. The bulls are pushing higher. There may be a small pullback before new highs are made again.
The ES is bouncing a little this morning, but it looks like it may be a dead cat bounce before another drop. I'll be watching momentum to see if there is enough bullish pressure to rally price or not.
Hey Brand Z, nice call! I make so much money by doing the opposite of what you say. Keep those Tweets coming. There was a guy on the trading floor just like you, doing the opposite of everything he said and you made money 90% of the time.
In the early days of your trading, avoid holding trades over the weekend close of the Forex market. This is when major gaps in the market can happen and newer traders this can be potentially damaging. #forextrading#daytrading
Price changed direction with the explosive move this morning. Now price is correcting after the run. We need to watch the momentum to see whether it will resume the upside push or fizzle into the weekend.