Many traditional traders still look at technical charts with skepticism, at least in public. Most discretionary traders user charts at the very least for tactical purposes, such… Read more "The harmony in price movements"
METALS Strong job report on Friday lifted the US Dollar on the news but lacked followed through. The lack of strength continued at the open on… Read more "Booy’s #Commodities #60SecUpdate #40"
METALS Gold is bucking the trend by strengthening in the face of a stronger US Dollar. The struggles for the currencies of Argentina, Brazil, and Turkey may… Read more "Booy’s #Commodities #60SecUpdate #37"
We trust machines to make decisions for us, why wouldn’t we trust a “machine” like our brain that is capable of far more complex deductions? In a…… Read more “Before artificial intelligent, there was once the gut”
METALS USD strength not abating as news from Japan and Europe aren't helping their currencies. Consequently, Gold maintains a weaker stance, while Silver shows some resilience. Platinum… Read more "Booy’s #Commodities #60SecUpdate #35"
I once walked into a casino and it was the most depressing scene of unhealthy, mindless, and hopeless behavior I had ever seen in my life. Until……… Read more “Treat your capital like poker chips”
METALS Gold breaking $1,300 for the first time in 2018. It was an important support level. USD continues to strengthen and the path of least resistance is… Read more "Booy’s #Commodities #60SecUpdate #34"
While a healthy fear of the markets leads to proper risk management and discipline, excessive fear of losing money impairs our decision-making process and leads to trading…… Read more “You have to be ok with losing it all, if you want to win at all”
METALS The most striking aspect of the US's exit out of the JCPOA is not the impact on Iran, but on the relationship between the US and… Read more "Booy’s #Commodities #60SecUpdate #32"
METALS Initial reaction to employment report is negative for rates and USD, therefore stronger Gold/Silver. It's a short-term catalyst to support the rebound inside the well-known 2018… Read more "Booy’s #Commodities #60SecUpdate #30"