’18 Thought of the Day

Chart of the Day

| 50Pips
“The only thing worse than being blind is having sight but no vision.” – Helen Keller
Markets continue to grind higher as we move towards month end and the labor day weekend. No big change to what we discussed on Tuesday and in our latest latest outlook video.
Despite the fact that we can easily see markets really getting one-sided, especially in this last week of the low liquidity summer doldrums, headlines risk is building and it could really cause havoc in this kind of context. Our focus remains on Washington with every increasing risk on the tech regulation front and on NAFTA as we move into this Friday deadline.
Experienced traders are very familiar with the fact that, as Keynes said, markets can remain irrational longer than you can stay solvent but this doesn’t mean that we should ignore the context and risks.
If you are interested in a more structured way of tackling the business of trade, 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.

Chart of the Day

| 50Pips
“The two most powerful warriors are patience and time.” – Leo Tolstoy
No change from yesterday’s blog post and our latest latest outlook video.
We favor not reading too much into this summer / month end chop, taking a step back and focusing on the higher time-frames. As we have been highlighting, the weekly charts are attempting to get the new moves started and the monthly closes will have to confirm if the moves are likely to get real sustain traction.
If you are interested in a more structured way of tackling the business of trade, 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.

Chart of the Day

| 50Pips
“You can’t connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something – your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.” – Steve Jobs
As we have been discussing since the previous video and as highlighted once again in our latest outlook, our focus will remain on the DXY as we head into the end of the month and the Labor Day long weekend.
Remember that positioning is very one-sided on a lot of the pairs and you really want to be cautious about not getting caught fighting flows in a waive of covering. If interested, we posted the GOLD, NZDUSD and USDCHF charts on our twitter feed yesterday.
With respect to equities, there is very little to comment on > it’s a grind/squeeze higher until it isn’t… focus is all on follow-through and if markets can attract new buyers at highs. As always with these kind of moves, the key is riding the move but understanding that sooner or later there will be an exhaustion of buyers and you do not want to end up being the last bagholder.
If you are interested in a more structured way of tackling the business of trade, 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.

Chart of the Day

| 50Pips
“We have reached a profound point in economic history where the truth is unpalatable to the political class – and that truth is that the scale and magnitude of the problem is larger than their ability to respond – and it terrifies them.” – Hugh Hendry
As we wait for Powell to deliver his Jackson Hole speech, the most interesting dynamic remains post earning weakness and price action in a lot of the big tech names across the globe. We continue to maintain that it all started with Netflix and that the NQ is really weakening below the surface.
The other key focus remains the DXY where we stand by what we discussed in our Latest Weekly Outlook video. Remember to keep an eye on gold into the end of the month.
One last reminder that the Early Bird offer for the new Video Updates service will be taken down this weekend. If you have any questions on this service, please do not hesitate to use to the contact form to get in touch.
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.

Chart of the Day

| 50Pips
“Nothing sedates rationality like large doses of effortless money.” – Warren Buffett
Not going to sugarcoat it; markets are struggling to get any real traction. This kind of action tends to be pretty frustrating for traders and tends to tempt us to do silly things. It’s really important to stick to your set-ups / rules and stay as detached as possible from the action. The key is always to try and be as mechanical as possible in everything we do. Yes, I know; easier said than done 😉 Having said this, as discussed in our Latest Weekly Outlook video, there are very interesting dynamics in play and we just have to be patient as markets try to navigate around tariff headlines and the Trump-Manford-Cohen debacle.
Main focus today, as equities continue to chop around at highs, is going to be if the DXY resumes the recently started correction.
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.
ICYMI (offer will end this week) >Video Updates: Early Bird. If you have any questions on this service, please do not hesitate to use to the contact form to get in touch.
Wishing you a great day ahead.

Chart of the Day

| 50Pips
“A moment of choice is a moment of truth. It’s the testing point of our character and competence.” – Stephen Cove
No change to what we discussed in our Latest Weekly Outlook video. Our main focus remains on the DXY and developments out of the Trump-Manford-Cohen debacle.
For the DXY view, it’s all about those weekly reversals across the board, the extremes have been set, we just have to wait and see if they hold and moves get traction. As far as equities are concerned, it’s all about developments out of Washington and possible twitter bombs… this is far from being over.
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.
ICYMI (offer will end this week) >Video Updates: Early Bird. If you have any questions on this service, please do not hesitate to use to the contact form to get in touch.
Wishing you a great day ahead.

Chart of the Day

| 50Pips
“Good judgment comes from experience, and a lot of that comes from bad judgment.” – Will Rogers
As discussed in our Latest Weekly Outlook video, one of the most important charts to keep an eye on this week remains the DXY. As we have been repeatedly highlighting, it was not a question of ‘if’ Trump was going to comment on currency moves and the strong dollar but just a question on ‘when’. Heads up for more headline risk as we don’t expect Trump to back down and especially as we get closer to Jackson Hole.
No change to our outlook on equities, our focus remains on tech weakness and remember to keep and eye on GOLD and SWISSY as positioning there could really spark some interesting moves.
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.
ICYMI (offer will end this week) >Video Updates: Early Bird. If you have any questions on this service, please do not hesitate to use to the contact form to get in touch.
Wishing you a great day ahead.

Chart of the Day

| 50Pips
“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.” – George Soros
Another slow day has passed and not much has changed since our mid-week update. The only thing keeping everyone awake is ‘Tesla Twitter’ as volumes continue to be extremely low, even for a summer day > check out ES yesterday… almost worse than a pre-holiday half day!
We continue to see choppy but interesting action in the currencies as the DXY hovers around that pivotal 95 mark. Today is the first day in a while that we would be interested in focusing on the GBPUSD chart:

 

 

Mid-Week Update

| 50Pips
“Never think that lack of variability is stability. Don’t confuse lack of volatility with stability, ever.” – Nassim Nicholas Taleb
Summer chop continues even if we do have Elon trying to make this more interesting. If you want to take the other side of Mr. Musk, after yesterday, your risk is pretty much defined at 420 and most likely, at a 10% discount to that number in the short-term 😉 We’ll discuss this in more detail in the webinar session later on today.
Short post as not change to our latest Weekly Outlook Video (nice action in Aussie & Kiwi so far) and yesterday’s blog post. Charts for today > updated NQ at the pivotal gap-fill level and DXY at the magical 95 mark.
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.