Chart of the Day

“Rich people don’t make big bets. Really rich-and smart-people don’t make big bets. First they are not out to “prove” anything, they are out to make more money, and second, they know that risk control is as important as the other two legs of speculation, selection and timing. That is all this business of … trading gets down to, selection, timing, and risk control.”
– Larry Williams
Focus in the morning session will remain on FTSE MIB and BPTs. US markets remain in the boarder chop ranges with the most interesting dynamic we are seeing at the moment being in the DXY. In today’s session we will focus on current DXY rotations and others than may follow…
Don’t forget to take a look at our latest: Weekly Outlook Video.
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.
Wishing you a great day ahead.

2 thoughts on “Chart of the Day

  1. ‘Selection, Timing and Risk Control’ – like it! The 50 MMA is back in play as well, not ideal but at resistance.

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