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“If you want to know what a man is really like, take notice of how he acts when he loses money.” – Simone Weil
Not a lot has changed as we move into the new week of trade. The key themes remain:
– Have equities bottomed and has the year-end rally started or are we in the early stages of a more pronounced bear market?
– Have we seen enough pain in the Oil market and is the unwind over?
– Is King Dollar back and is the strong dollar going to ‘break the world’?
We’ve tackled all these topics and more in the recent Outlook Video and will continue to focus on them this week in the charts we post here on the blog.
Don’t forget to continue to keep and eye on action in USDCNH, the EURUSD affair with the 1.13 mark and GOLD around the 1200.
If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate to check out our Premium content.
Wishing you a great day ahead.

 

Foundational Webinar Series

This package contains 10 recorded 1h long webinars that serve as a foundation to both aspiring traders and subscribers to the Weekly Webinars Group who are looking for a more structured approach to their learning. The webinars cover set of foundational topics ranging from: the business of trading, market dynamics, strategy development, realistic expectations, structuring trade setups and much more.
We set out to try and put together a series of webinars which could serve as a foundation for both novice and more experienced traders.
The aim was not to present a specif strategy, method or definitive guide to trading but rather, a set of guiding principals which would serve to try and set traders on a structured and unbiased path with realistic expectations.
Our focus was on moving away from the notion that there is a secret system, magical indicator and/or quick way to make consistent exaggerated returns. We wanted to help traders embrace the understanding that with a structured approach, dedication and the right expectations, it is indeed possible to achieve good risk adjusted returns.
Risk control and patience will ultimately lead to superior returns but in order for these returns to be sustainable over time, this has to be done through a slow and steady approach, respecting the profession of trading/investing.
In these 10 webinar sessions we cover:
  1. Business of Trading / Trading as a Business: focusing on re-framing your mind and expectations as a self-directed trader/investor.
  2. Market Basics & Dynamics: a structured approach to understanding positioning and context.
  3. Road-map: realistic expectations, building a plan and tracking performance.
  4. Practical Implications: understanding leverage/position sizing, track-record, compounding and the bigger picture.
  5. Guiding Principles & Key Reminders: summary and continuous improvement.
  6. Understanding Support/Resistance: trading around price action and setup basics.
  7. ‘50 on Markets‘(part 1): an in-depth conversation expanding on these key 50 thoughts on markets, trading and trader psychology.
  8. ‘50 on Markets‘(part 2): an in-depth conversation expanding on these key 50 thoughts on markets, trading and trader psychology.
  9. ‘50 on Markets‘(part 3): an in-depth conversation expanding on these key 50 thoughts on markets, trading and trader psychology.
  10. Reviewing and detailing trade set-ups, execution and management.
If you are unfamiliar with our approach, there is a lot of content to explore on the blog that will no doubt help you get a feel for our style. Furthermore, the Interview Category is probably the best place to start for a look into what to expect from this Foundational Series.
Should you be interested in having access to these session, please go to the Premium Page for more details on how to proceed.

Charts of the Day

“You should sit in meditation for twenty minutes a day, unless you are too busy. Then you should sit for an hour.” – Zen Proverb
Here is a selection of key charts that we will be discussing and focusing on today:

If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate to check out our Premium content.
Wishing you a great day ahead.

Into FOMC

“Those who cannot change their minds cannot change anything” -George Bernard Shaw
Going into FOMC and the end of the week, focus is going to be on if markets can hold the bounce and close the week strong.
Recent moves have been pretty impressive, especially if you look at them in the context of the price action we saw in October. We have essentially gone back to the usual low volume ramps fueled by the usual suspects in the FAANG+ club. However, this still does not change the fact that, under the surface, fundamentals, data and guidance continues to deteriorate.
As already discussed, as far as the bulls are concerned, October lows mark the bottom of the recent correction and the start of the end of year Christmas rally and as far as the bears are concerned, the velocity and context of the corrections we saw in February and October points to the fact that something is broken under the hood at that we are in the process of starting a much bigger correction.
We will review recent moves and our outlook going forwards in the webinar today and will focus on manage current swing trades in aussie, kiwi and euro in the video update.
In case you missed it, you can always go through our Latest Weekly Outlook Video.
If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate to check out our Premium content.
Wishing you a great day ahead.

VOX Markets Podcast

Thank you to the team at @VOXmarkets for reaching out to have a discussion about trading.
If you are interested in the interview, you can find it here >“50 Pips, a Private Trader, Reveals his Successful Trading Tips”.
You can also find past interviews in the dedicated archive on the blog > Interviews.

Weekly Outlook Video

If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate to check out our Premium content.
Wishing you a great day ahead.

Focus on Pivotal Levels

“If you would hit the mark, you must aim a little above it; every arrow that flies feels the attraction of earth.” – Henry Wadsworth Longfellow
Busy week ahead with US Mid-Terms Election, RBA, RBNZ and FOMC. As headline risk remains very high, the focus will be on how we close the week with respect to those 200DMAs and the 50Back retracements of the recent moves from the all time highs. Remember to keep an eye on USDCNH, and the weekly chop zones on DXY and therefore the Euro.

If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate to check out our Premium content.
Wishing you a great day ahead.

Charts of the Day

“Beware those who seek constant crowds for they are nothing alone.” – Charles Bukowski
Busy day as we will have to deal with o/n China Deal news, AAPL post earnings shenanigans and NFP.
Not much has changed to what we have been discussing this week. If interested, just scroll back through recent posts and charts.
Here are some of the key dynamics to focus on today:

If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate to check out our Premium content.
Wishing you a great day ahead.

Focus on AAPL

“Kites rise highest against the wind, not with it.” – Winston Churchill
In case you missed it, here is our latest > Weekly Outlook Video.
As expected we got our month-end ramp up so no big surprise. What is interesting, is how markets stalled into the close and at key inflection points. Remember that it’s all about AAPL earnings now… as everyone is looking for the usual ramp and up and away, Bulls better hope that there are no surprises or soft number/guidance as that could really ruin the party into Mid-Terms. We will review and discuss this in detail again today.
They other key dynamic to keep an eye on is the DXY. As discussed, eyes on the weekly close and how we trade into Monday. After yesterday’s deep dive into this we will continue to discuss recent action and dedicate the new video update to current levels, implications, what we expect and the various scenarios moving ahead. Remember that if you are not paying attention to CNH, as we have been repeatedly discussing, then you are likely making it harder than it should be and not really paying attention.
Note for active 50Scouts members: *make sure you read out latest update* and keep an eye on your inbox for a free pass to Friday’s daily webinar session (make sure to check your spam folder too).
If you are interested in a more structured way of tackling the business of trading, attending a live daily morning call or a more detailed discussion on the charts we post / trade ideas, don’t hesitate to check out our Premium content.
Wishing you a great day ahead.