TradersClass

Superior Trading Skills through Education

 
Trump neutralised Print
Written by Site admin   
Tuesday, 22 August 2017 12:27

Trump neutralisedtrumpautcue

No need now for the media’s Russiagate or framing Trump as a bigoted racist in the hope that that will be enough to have him impeached or declared incompetent. Trump’s Afghanistan speech (did he write those words – nah, he just had to read the autocue) was his defining capitulation. You read the full text here.

The powers behind the president’s throne have now got him where they want him - following their agenda. He just has to read the autocue. No longer will he be freewheeling, tweeting from the hip, blasting the establishment. He’s now one of them. The front man doing what good ole presidents do – what they are told to do.

The Washington machine has been following a reckless path in bringing him to heel. Had he fought to the end, it would have been not only been his demise, but also he would have taken the markets with him. An impeachment process may well have hit the stock market and dollar hard. Was that what the powers behind the throne wanted? Their own wealth at risk? This could now be business as usual with Trump rallying around his republican party to get things done that way it always used to. That ages old saying ‘If the mountain will not come to Mohammad, then Mohammed must go to the mountain’ comes to mind.

Time will tell, as they say. This simple analysis may not stop the market tanking as almost every commentator/guru/fund manager tells us it will. Markets have a habit of confounding those talking heads and they so often just do the opposite of what the majority are telling us they are going to do.

 

From the blog

The NASDAQ takes a 500 point tumble...

 

The NASDAQ takes a 500 point tumble...

Markets thrive on uncertainty and that's exactly why these false break-outs work so well. The majority expect the new high to be just the start of the next trend wave. The warning signs were there, a combination of divergence, volume, wave count and Fibonacci

We just needed price action confirmation and this started with the bearish engulfing candle at the high. The next few days neatly set up the sell level as the Colour Charts confirmed. Then, tumble, it did.....

Where we are now is in the happy position of sitting on a very healthy profit. However, there are now warning signs of a possible rally that could evaporate those profits.

The prudent trader will be converting most of those paper profits into real ones, leaving just a small part of the trade on for the gamble of an even bigger move.

Check these links

  • JoomlaWorks Simple Image Rotator