Chart of the Day

“I learned how to play poker at a very young age. My father taught me the concept of playing the percentage hands. You don’t just play every hand and stay through every card, because if you do, you will have a much higher probability of losing. You should play the good hands, and drop out of the poor hands, forfeiting the ante. When more of the cards are on the table and you have a very strong hand — in other words, when you feel the percentages are skewed in your favor — you raise and play that hand to the hilt. If you apply the same principles of poker strategy to trading, it increases your odds of winning significantly. I have always tried to keep the concept of patience in mind by waiting for the right trade, just like you wait for the percentage hand in poker. If a trade doesn’t look right, you get out and take a small loss; it’s precisely equivalent to forfeiting the ante by dropping out of a poor hand in poker. On the other hand, when the percentages seem to be strongly in your favor, you should be aggressive and really try to leverage the trade similar to the way you raise on the good hands in poker.” – Gary Bielfeldt
DXY remains a key piece of the puzzle and one of the most important charts to keep on the radar. It’s all about how we trade here at the 95s as we see the majors in key zone and attempting reversals. As discussed, day closes are interesting but we really have to see how we close the week and potentially the month. It’s a tricky zone prone to sending a lot of mixed messages.
Don’t forget to keep an eye on bonds today. Should get interesting…
No change to what we discussed in our latest Weekly Outlook Video, and as always, keep an eye on the Twitter Feed for updated charts and commentary.
Wishing you a great day ahead.
Note for active 50Scouts members: webinar session pass postponed to next week.

Chart of the Day

“Learn to take losses. The most important thing in making money is not letting your losses get out of hand.” – Marty Schwartz
Focus today will be on how China will respond to the latest round of US tariffs and the NFP release. Once again, we feel the market is being extremely complacent about both Geo-political and Geo-economic risk. Don’t forget that there will be significant headline risk both throughout the day and over the weekend.

If you missed the latest video post you can access them here:
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

“Every revolution seems impossible at the beginning, and after it happens, it was inevitable.” – Bill Ayers
As we have been discussing, markets have been very complacent in pricing in recent policy shifts and geo-political risk. It finally looks like markets are starting to re-price and despite the fact that a little pause in the recent action would be healthy, we suspect these moves still have some room to run. If you missed out latest update, you can get up to speed with our Latest Weekly Outlook video. Don’t forget it’s month-end / quarter-end and a QT week. Monthly candles will be interesting across the board. We’ll start to review and discuss this in detail as of today…

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

“When we strive to become better than we are, everything around us becomes better too.” – Paulo Coelho
All about the central bank bonanza in terms of even risk today. Heads up for comments out of Sintra and therefore the chart of the day has to be DXY. We already discussed this in detail in our Latest Weekly Outlook.
As far as we are concerned, equities are just buying time. We still maintain that markets are extremely complacent here at highs and that internals are not pointing to healthy action. This does not mean they can’t go higher but it looks like we are slowly setting up for another ugly event (continue to keep an eye on Asia).
Don’t forget that the OPEC circus is still on-going and that the wires will be buzzing with developments out of Vienna…

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

“Patience is not simply the ability to wait – it’s how we behave when we’re waiting.” – Joyce Meyer
No big change to what we discussed in the latest Weekly Outlook Video. It’s just a waiting game into FOMC / ECB and BOJ. As frustrating as it may be, we just have to be patient and understand that opportunity will likely be staked towards the back end of the week and our focus should be on the where we close the week.

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).
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

“The four most dangerous words in investing are: ‘this time it’s different’.” – John Templeton
If you missed our latest video update, you can see it here > Weekly Outlook.
Keep an eye on the Twitter Feed for a number of interesting charts. Apart from the majors, we are closely watching developments in GS, FB, DB, Gold and Silver just to mention e few.
One of the most interesting charts to keep an eye out on is the DXY. Today’s we will be reviewing the latest range and what this latest failure at highs means for all of the other rotations and swings that are currently in play. Markets remain choppy and thin so we have to be very nimble but we could be on the cusp of some very 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.
Wishing you a great day ahead.

Chart of the Day

“One common adage on this subject that is completely wrongheaded is: you can’t go broke taking profits. That’s precisely how many traders do go broke. While amateurs go broke by taking large losses, professionals go broke by taking small profits. The problem in a nutshell is that human nature does not operate to maximize gain but rather to maximize the chance of gain. The desire to maximize the number of winning trades (or minimize the number of losing trades) works against the trader. The success rate of trades is the least important performance statistic and may even be inversely related to performance.”William Eckhardt
Details on the bigger picture into month-end were discussed in our: Latest Weekly Outlook Video. Furthermore, if you missed it, you can also watch our Looking at the Euro update too. Don’t forget it’s month end and QT day… let’s see what we get!
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.

All about the Fed

“For better or worse we’re a herd leader. We’re at the front of the pack, we are one of the first movers. First movers are interesting, you get to the good grass first, or sometimes the lion eats you.” – David Tepper
If you missed our latest video updates > Weekly Outlook Video & NQ Update.
Today we are going to review and discuss the latest bond moves and what they mean for the broader market and the usd complex. Here are some of the key charts we are focused on at the moment:
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.

Focus on DXY

LLOYD: “I’ll bet you 20 bucks I can get you gambling before the end of the day!?”
HARRY: “No way.”
LLOYD: “I’ll give you 3 to 1 odds?”
HARRY: “Nope.”
LLOYD: “5 to 1?”
HARRY: “Nope.”
LLOYD: “10 to 1?”
HARRY: “You’re on.”
 – Dumb and Dumber
No change to the latest weekly outlook video. Today we’ll focus on 3 key charts and how their relationship is key for future cyclical moves.
1. The bulls are in control on the equity side as the squeeze continues > key test here on the ES at the 2700 pivotal level in this broader chop zone:

2. DXY is still in a grind higher mode, clipping upside stops but starting to stall:

3. Gold has been trying to flush weak longs but keeps on showing signs of trying to base and coil:

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).
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.