Best Months to Trade are Ahead
Now until mid-December is usually the most profitable time of the year. In today’s video, I share a couple of crypto-related stocks I just added more of to my portfolio. Some A-grade forex trade setups and some positive news.
Why I’m Still Buying Crypto and How Gold and Silver Miners Could Be About to Explode Even Higher.
I am back after my vacation. August proved to be a challenging month, as usual, which is why many pro traders walk away. I would rather trade and invest in markets that are currently hot. If nothing is happening then, no problem, go on holiday!
If you managed to be successful in August, well done. If you struggled, not a problem as long as you maintained your discipline and stuck to the risk rules.
There has been limited movement over the holiday period, which is as a result of thin volume/liquidity. As a result, the price has overreacted to news releases on an almost daily basis. Throw Trump into the mix, and now the challenge to his tariffs, and it’s all very messy.
The good news is that there are signs of things picking up, and historically, crypto is due for a bull run. Stocks are often slower in September but then go on a run towards Christmas. So now is the time to be doing the research and preparing.
Here is a link to the crypto research I mentioned in the video, and sums up why I am so bullish:Road to Regulatory Clarity
I recorded the video on Saturday morning. Check to see if Marc Chandler has updated his analysis after NFP https://www.marctomarket.com/
The Forex Week Ahead+++++++++++++++++++++++
The week ahead seems fairly light. On Wednesday, you have the US PPI followed by the US CPI on Thursday. I think there are enough clues by now US is going to cut rates this month…Around the same time you have ECB announcing the cash rate and are expected to keep on hold. Make sure not to trade around this time until Lagarde finishes her speech. Friday, GBP GDP and US consumer sentiment.
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MAJORS
I am looking for “A” grade trades from weekly & daily charts that I can place the orders and then just walk away. A “B” grade is of interest, but not an A yet.
As ever, I always look for multiple reasons in a trade. The more you have the higher the probability.
EUR/USD: Watch 1.16500 for a long on the 4HR. I wouldn’t want to long or to short in the current area, as I don’t have 5 reasons.
USD/CHF: One to consider for a short at the daily 55.
Do not take the Euro/$ & Chf at the same time. They are correlated so it’s the same “bet.”
GBP/USD: Same thing watch the 4HR, it seems attractive around 1.3470
AUD/USD: 0.65080 is a favourable area to go long. 0.6460 is my preferred area to long.
NZDUSD: Worked perfectly last week. Its worth a try again at 0.59100 but I would half my risk on this. Watch the video.
USD/CAD: Needs to have a clear break above the EMAs on a daily to Long or below for a short.
There is also an inverse Head and shoulder on the 4HR , needs a daily candle break to then long, possibly 1:2 risk reward.
USDYEN: Needs a break above or below as its stuck in between EMAs right now.
Some are A grades, where I will place forward orders; some pairs have “areas of interest.” I have a lot of similar crosses, so be very careful with the correlation.
Cross Pairs
EURGBP: 0.8560 is an A-grade long for me. Short term Im looking to long 0.8630 for multiple reasons. Watch the video.
AUDJPY: One of the attractive YEN pairs for me. 95.80 is an attractive area to long for multiple reasons. Could also split the trade, watch the video.
CADJPY: Not interested right now as its stopped between EMAs. Watch the video to see how to trade it, but risky.
GBPNZD: One suggested to me by Ashley, A long around 2.2750 looks attractive, but this is a wild pair so be careful..Watch him in the forum.
I have quite a few other “possibles” that I will monitor during the week. I also have some crypto and stock ideas that I share in the previous post and video..
As always, remember correlation!
New members, please note: If I am looking to take a trade long, for example, 1.5000, I place my order 10 pips above & 10 pips below for a short. This is because price often does not quite reach a major line and you need to allow for spreads.
We are NOT a “tipping service”; we aim to teach you how to trade for yourself.
Watch the video below for more detailed explanations of this week’s analysis and trade plan.
To find out more about our crypto journey, check out the mini-course, and if you want to get involved in what I believe is the next boom, scroll to the bottom of this page to find out more: CLICK HERE
You can watch the full video below, you can read the transcript or view the full screen by clicking the buttons below the video: