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Brexit V Bottom for the Stock Market on Super Low Volume

Volume in the stock market shows commitment on behalf of institutional investors. The prior 2 days volume underlines the potential weakness of this rally in the stock markets around the world. The NASDAQ finished with a gain of 1.86% while the SPY rallied 1.70%. Both closed at or very near their intraday trading highs, this […]

Brexit Over- Brexit V Bottom -No More Panic- So much For Trend Following

Some are saying relief rally….dead cat bounce…Panic seems to have resided ( at least for now). Markets do not go straight up nor straight down. A great deal of damage was done to the world economically and financially. Markets have V bottomed and ran right back up. Everyone seems to have an opinion….My only opinion […]

Feel Good Trades #GOLD #British Pound #Silver- Trend Following

As I am in touch with many aspiring traders during the day, I get inspiration to write. So many are more confident and risk more money on trades they like or maybe better said think they like. Some of these aspiring traders have gotten their fingers burned by selling the British pound at the lows […]

Breaking 200 Day Moving Averages -Trend Following

Rather another ugly session for perma bulls yesterday. I read that several trillion dollars were wiped out over the last several days. If we step back, we might think this could be the beginning of something ominous.

Maybe the only good news out there was that the volume in the stock market was lower […]

George Soros Brexit Britsh Pound and Trend Following

Yesterday I was reading ZeroHedge.com and there was an interesting headline

Soros Suffers Major Loss On Long Pound Trade Ahead Of Brexit

Wait a minute wasn’t Soros claiming the British Pound would crash?

Was this just dis information in order that gullible and non trend following traders would loose money….

Do as […]

Trend Following Stock Market- Back to Cash

Trend following does not include predicting. It involves reacting. I always look at the indexes and see where they are at. Currently they are looking rather sickly.

A tidal wave of selling started in Europe and moved to the Unites states when the US markets opened. The major averages gapped down at the open […]

Contrarian Trend Following Concepts Metastock Webinar

Trend Following is based on Break out trades and Trend Retracement trades. In this Metastock webinar I discuss contrarian trend following concepts. I first started trend following 18 years ago. I wanted to know who was succeeding and what they were doing. My broker told me the most successful client of his company was a […]

Do You Act Like this When a Trade Does not Work- Trend Following

There are always trades that work and that trades that do not work…. Accepting losses are part of trend following….

Trend Following with the News

Brexit…earning reports ….Draghi…or whatever in the news can enhance and derail trades. There are times there are sharp reversals…strong gaps up or strong gaps down. What is a trend follower to do?

Regarding earnings reports for stocks…I rather wait. If I am already in the trade, I guessestimate what could be the worst situation based […]

Brexit rally -Trend Following

Nothing like a news or emotional rally. We were below key moving averages and pow…. The market gapped higher at the open today following a strong rally in Europe. A poll came out yesterday showing the remain vote in England is winning and fears that they would leave the EU lessened. This may take some […]