“Determination is the strength that will enable you to pass the barrier of useless thoughts in order to create positive thoughts and to be successful in whatever you wish. It comes from within and its partner is patience. Patience teaches you not to push but rather to wait and appreciate the game of life instead, knowing that nothing remains the same, and everything will change at some point.” – bkwsu.org
’19 Thought of the Day
Morning Update
“The only thing worse than being blind is having sight but no vision.” – Helen Keller
As we discussed yesterday: We continue to reiterate that we feel that markets are at maximum complacency and that even if the dancing will continue as long as the music is playing, things are not going to be pretty once the music stops. To be clear, we are not talking about end of the world scenarios but simple markets going temporarily no bid after these low liquidity ramps across the board.
In today’s webinar and video update, we will be discussing the indices positions we initiated yesterday and the most interesting plays on the board in FX land.
it will be very interesting to see who is going to want to go home long risk into the 3 day weekend.
For newer readers, it’s always worth catching up on our Trading Reflections post.
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 and Long Weekend Ahead.
Chart of the Day
“I’m not telling you it’s going to be easy – I’m telling you it’s going to be worth it.” – Art Williams
As we wait to see how indices manage to negotiate the earnings season, today’s focus will be on the DXY. We will be updating our view and management of our EURO seasonal swing play and discussing new opportunities that may be shaping up in USDJPY and USDCHF.
We continue to reiterate that we feel that markets are at maximum complacency and that even if the dancing will continue as long as the music is playing, things are not going to be pretty once the music stops. To be clear, we are not talking about end of the world scenarios but simple markets going temporarily no bid after these low liquidity ramps across the board.
We would continue to keep a close eye on DIS, GS, TSLA, NFLX and BA on top of the usual suspects.
For newer readers, it’s always worth catching up on our Trading Reflections post.
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 in Focus
“A trader has to fight a lot of expensive enemies within himself.” – Jesse Livermore
Here are some of the key charts from our latest Weekly Outlook Video:
For newer readers, it’s always worth catching up on our Trading Reflections post.
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.
Friday Focus
“Nothing defines humans better than their willingness to do irrational things in the pursuit of phenomenally unlikely payoffs. This is the principle behind lotteries, dating, and religion.” – Scott Adams
As we get ready to properly kick-off earning season, these are 3 of the key charts we will be focusing on and reviewing today:
For newer readers, it’s always worth catching up on our Trading Reflections post.
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.
Chart of the Day
“Don’t judge everyone else by your own limited experience.” – Carl Sagan
Remember that we are getting closer to the bulk of the earning season releases.
Indices continue to hover and grind towards all time highs in a low volume zombie like fashion… we suspect that we are getting closer and closer to a firework display, make sure to have your popcorn ready.
Today we’ll go through a deep dive into the DXY and what the broader flows are pointing to.
For newer readers, it’s always worth catching up on our Trading Reflections post.
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.
Mid-Week Update
‘In the people we hire, I am looking for traders who have discipline and physical fitness. People who are committed usually have a good chance of success. If they don’t succeed it’s not usually for a lack of trying. We don’t want the type of guy who turns up late for the cricket team, doesn’t come to nets, doesn’t concentrate on his batting, and then can’t understand why he doesn’t get any runs. Whereas if he’s got the ability, it’s particularly frustrating. You, however, may be the guy who’s not outstandingly talented, but you’re always on time, come to nets, you get your eye in, know your game. You always get the 30s and 40s, the uncommitted guy may get the hundreds, but he’ll get as many ducks. When you look at the averages at the end of the year it’s you who’s ahead. We would rather have you who’s steady and notches up. You’ll sleep better. You might not have as much fun, and as many stories to tell, and you may be viewed as boring, but so what? We’re not interested in wild cards. We’re not interested in the gung-ho and impulsive. We want the stable and steadfast.’ – David Kyte
Moving on from our latest Weekly Outlook Video, here are some of the charts we will be focusing on and reviewing in today’s webinar session:
For newer readers, it’s always worth catching up on our Trading Reflections post.
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.
ECB Week
“In the history of the financial markets, arrogance has destroyed far more capital than stupidity.” – Jason Trennert
here are some of the key charts we will we focusing on as we head into ECB and FOMC Minutes week:
For newer readers, it’s always worth catching up on our Trading Reflections post.
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.
Chart of the Day
“What this power is I cannot say; all I know is that it exists and it becomes available only when a man is in that state of mind in which he knows exactly what he wants and is fully determined not to quit until he finds it.” – Alexander Graham Bell