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Buy the rumour, sell the fact Print
Written by Site admin   
Tuesday, 13 December 2016 19:08

Has it all been over cooked? The Trump US$ rally seems to have kicked off on the basis that his policies will be inflationary and so interest rates will have to rise. Added to this, the Fed has been telling us all year there will be at least a modest rate increase. Next Wednesday 14th is the last opportunity the Fed and Janet Yellen have to do the deed, consequently the market is convinced it's a done deal and priced it in with the Trump rally.

But the TMEST swing chart is suggesting the dollar rally could be rolling over. So we had best trade what we see and not what we think, or have been told to think!

Markets have a habit of rising on rumours of good news and then promptly reversing when it's actually announced, as further expectations of good news slip away. Perhaps the market is coming to the idea that the US economy, talked up over the last year is just that, talk.

If Trump is to boost the economy it's not going to happen instantly. Any delays, and if the US economy actually turns out to be weak at the start of 2017, could result in what usually happens in the year following a two term presidency. Recession.

 
What's going on? Print

Notice how, on the run up to major news announcements, market commentators, almost collectively, form a consensus view and then extrapolate that view to what is usually a cataclysmic end result.

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Great Reversals - The Doji Sandwich Print
Written by Site admin   

There are plenty of price patterns to trade from the classic Flags
and Head & Shoulders to the Harmonics that will feature in a future
webinar. Some of the simplest can be the best and some years ago an
old friend, Bill Eykin, coined the Doji Sandwich.

 
 
It's amongst the most powerful of the three candle patterns, simply
a norrow range candle is sandwiched between two much longer ones
with the smaller 'Doji or Spinner' candle stuck in between, not
sure of where it to go next. As can be seen on this daily chart,
when it forms it can lead to some excellent moves.
 
 
Phil's Mental Account Balance Print
Written by Site admin   

Trading lore from Phil

$1,000,000 in the bank risking 1% of account on any trade means your risking $10,000 per trade.....

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Control our Emotions! Print
Written by Site admin   

 

Time for a breather
 

JUST before the hovering finger clicks the mouse to trade, there is one thing that online investors of the future might want to check: their “Rationalizer”. The device, a prototype of which was unveiled this week, is an emotion-sensing system designed to help investors keep a cool head when buying and selling.

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From the blog

Trade like Super Mario
Trade like Super Mario:
How to leverage off your New Year resolutions (even if they’ve already failed)
 
We know that New Year is properly underway when people start talking about “Blue Monday” – this year falling on the 16th of Jan. It’s that low-point in the calendar when you’ve fallen off the wagon … stopped going to the gym … broken the diet …
 
For many of us, our hopes for 2017 are about finding financial freedom through the markets and investment programs. And it’s just as easy to be derailed from these plans as it is to skip a gym session or raid the fridge late at night.
But fear not, because we're here to show you that Blue Monday will be a great moment to kick start any life-changing program … and that ‘leveraging’ off key dates in the calendar gives us a greater chance of success.
 
So, if 2017 isn’t looking positive yet … mark this as the low point, and we’ve plenty of ideas for a boost …
Read more...

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