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"
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"
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"
Many trading plans focus on the entry signals. I believe, the starting point of a trading plan is a risk management plan that stops you out of…… Read more “The starting point of a trading plan”
Here is the first of the two trades I have left, as of this morning. Long Gold, June ’18 expiration. First entry at 1,336.90, with stop at…… Read more “Trad 1. Long #Gold. (Updated 4/11/18)”
Today was probably the toughest day since starting this experiment. Everything that was great for the whole week, namely, gold, palladium, oil, and natural gas, reversed on…… Read more “Tough day”
If you have read, listened or followed any successful trader, one recurring attribute they recommend to have is to be nimble: you have to react quickly, forgive…… Read more “Why a trader has to be nimble”
[I’m adding a new line to all my post. An update on my trading balance] Journeyman updated Equity Run: $12,020.99. Many continue to scratch their heads…… Read more “North Korea: China’s decoy for its maritime operations.”