“When nothing seems to help, I go and look at a stonecutter hammering away at his rock, perhaps a hundred times without as much as a crack showing in it. Yet at the hundred and first blow it will split in two, and I know it was not that last blow that did it, but all that had gone before.” – Jacob A. Riis
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Chart Update
“The greatest fear in the world is of the opinions of others. And the moment you are unafraid of the crowd you are no longer a sheep, you become a lion. A great roar arises in your heart, the roar of freedom.” – Osho
Today we will be reviewing 3 key charts we have been focusing on this week:
ES > all about the 2600 mark from a day and week close basis now as we wait for Powell to speak today. Don’t forget the Buyback Blackout Period and q4 Earning…
USDCNH > trade for the move back to the opposite side of the range is done and now it becomes very interesting. Remember that this is going to be key for a lot action across the board.
DXY > Moving along nicely for now. Focus will be on how we trade through Powell and how we settle this week but no change in outlook. Our Euro and Yen swings remain in play.
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.
Darwinex Update
Another step in the right direction. Darwinex will now offer direct market access (DMA) to single stocks. We are all looking forwards to the upcoming webinar where we will get more background and details. Stay tuned…
If you are focused on continually improving performance, wanting to operate in a professional environment and potentially earn additional monies from your trading activity, then Darwinex is really a no-brainer.
Darwinex allows you to legally market your trades for a 20% investor success fee without any of the hassle involved in setting up and getting regulated for a managed accounts business. Furthermore, this is done protecting your intellectual property by never disclosing live trades and in addition, offering you a whole host of analytics, as well as access to a serious investor pool. Basically, you have a lot of upside with no downside.
Please note that we are talking about a serious platform, for serious traders, with realistic expectations. This is not something for gunslingers, get-rich-quick-aficionados and/or storytellers. You don’t necessarily have to be consistently profitable yet but you do have to have the intention of doing things the right way and the Darwinex platform offers you the possibility to do this. Furthermore, Darwinex independently rewards traders by investing their own funds backing the best strategies (current allocation is 4M Euro per month).
Advantages of registering through 50Scouts:
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gives you the opportunity to get backed by 50Scouts funds.
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allows you to benefit from a number of special member webinar sessions; ranging from best practices, strategy optimization, attracting investor monies and special updates from Darwinex available only to group members.
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offers you the possibility benefit from a free 30m one-to-one call once you have reached the minimum experience level to launch your Darwin. Basically a mini mentoring session with 50.
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entitles you to receive special invitations to attend select Weekly Webinar Learning Group Sessions (usually once per month).
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as an Investor: not only allows you to benefit from all the trader benefits listed above but also gives you access to Darwin performance/selection webinars and offers you the possibility to qualify for a free 30m one-to-one call to review your portfolio and selection criteria.
Wednesday Update
“But the real object of the Game is not the money, it is the playing of the Game itself. For the true players, you could take all the trophies away and substitute plastic beads or whale’s teeth; as long as there is a way to keep score, they will play.” – George Goodman (aka Adam Smith), “The Money Game”
In case you missed it, here is our latest Weekly Outlook Video.
Note for active 50Scouts members: make sure you keep an eye on your inbox for a free pass to Friday’s daily webinar session (make sure to check your spam folder too).
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.
EURUSD Chart & Video Outlook
Quick Link > Latest Video Outlook
Thought of the Day
Obsess less about entry & trigger / Focus more on size & exit > One is for show and the other for dough 😉
Foundational Session: 50 on Markets
Session confirmed for Wednesday September 28th @ 12:15 EST / 18:15 CET.
52Traders Interview
New followers, please make sure to explore the Interview category of the blog > LINK.