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April, 2017

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On luck, chance and prediction

In several posts the issue of luck and chance were touched on. There is a need to explore this further, as many who know little about financial trading believe it’s largely about luck and chance. Introduction It is important that words like luck and chance are defined here. Luck as a concept is outlined in the infographic below. A chance is a probability that is known or foreseeable. We separate luck and chance, though in many circlesRead More

Sniper attack on Brent Crude

It’s been a busy week for some traders. The following is a perfect kill with two shots to the ‘head’. The sceptical will argue that this is luck. But the topic of luck and chance will be explored further in another post coming soon. What is not shown in the 4H chart is the daily situation with Oil. See below, where snipers were watching carefully a powerful zone of horizontal resistance on the daily charts. UsingRead More

Sterling causes excitement

Those who were watching Pound Sterling, would have seen some excitement recently. The Prime Minister, Theresa May, called a snap election on 8th June 2017. This caused the fainthearted to dump GBP for about 15 – 30 minutes. Snipers knew this was just a short high breeze. Then GBP rose like a phoenix for the next few hours. The first screenshot shows that if you were positioned to catch the activity, you could have gainedRead More

Turning the corner – what people don’t get and why

Well, well… what’s this all about now. I’m afraid you’ll have to read on. And if your dog needs a bath (and I don’t know if you who reads this has a dog and I couldn’t care less), then go bathe the dog! If you have time, look below at results of a true change in performance following a change of strategy.   Some time ago Newtrader.club said to all new traders that change takesRead More