Today gold sold off 10 points beyond its historical volatility, so it made sense to wait for a pause. In this update I explain what type of candle I look for as well as the zone and setup for a potential buy. The great thing about gold is that it can be traded with the full size contract as well as the micro contract and even options in the gold ETF. Choose your own adventure!
It can be hard to read this volatile market. In this video, Jack walks through how he traded his small account from $500 to $10,000 in 3 weeks, a 1900% increase.
We daytrade, that’s what. When there is chop and a lack of follow-through from session to session, we shorten the time frame and we focus on the moves in the morning. When a trader can manage both short and longer-term time horizons, they can manage chop far better.
Although this type of action favors day trades, these are the bigger moves I see shaping up.
Between the volatility of the FOMC Hot Zone Wednesday and the dust settling afterwards, there is plenty to look at that is not an index futures contract. In fact, alongside the hawkish policy narrative is the inflation narrative, and many corners of the commodities markets are moving with clear uptrends. Here’s how use inflation and trade around Powell.
When the market corrects, there is usually a lot of fear and selling that comes along with it. However, at some point sentiment shifts and buyers come back in—like, what happened today. In those moments, I look for stocks rallying off of the lows to find candidates to jump on. Let me show you how.
Today was a very volatile day in the market, with a sell off extending down more than 3% across the board, with a massive short covering rally to end positive on the day. In trading, we can’t be afraid to jump in when things get oversold.
The Voodoo Lines are a proprietary application of Fibonacci analysis with an uncanny way of highlighting spots for important swings like today’s lows in AAPL, MSFT, and many other names.
When looking at the recent action we need to differentiate between bearish momentum, a bearish trend, and a few key levels that will help us know whether to expect an oversold bounce or to short the rip. In this video I walk you through how to do that with my foundations (and free) tools. The key is the trend and not to frontrun what we “think” may happen but to trade what we see.