Trading Crashes, Planning & Truth?
Hi, I started today’s session having a bit of a rant about what is happening in the UK right now. As you may have seen (depending on which press you read), there have been riots in many cities in the UK. I showed examples of how the media distort the truth to fit their and the government’s narrative.
You may think I am mad, but I use Twitter/X to find alternative points of view. I do use it, but I recognise you have to be careful not to spend too much time there, as it can be quite draining mentally.
Sky News and the BBC, once the supposed bastion of truth, are now simply government propaganda machines.
If you prefer to get straight to the trading part of the recording, it starts at around 8 minutes into the video.
On the one hand, there are indigenous English who are concerned at the alarming levels of illegal immigrants that are still arriving daily.
There are also concerns about groups who are now residents or citizens but who do not wish to integrate into English society.
As you will gather, I am treading a fine line here because, in reality, there is no freedom of speech anymore.
The new illegals, mainly young men, are immediately provided with free accommodation, many of them in 4 star hotels, a new mobile phone and daily spending money.
There is no such provision for homeless, destitute UK citizens.
The new government is proving to be even weaker than the previous one, and to make matters worse, the new Prime Minister, Starmer, has labelled all the indigenous demonstrators as “far-right thugs”. There also appears to be a 2 tier policing system where the Indigenous are faced with riot police in full riot gear whilst they stand aside and allow machete-wielding members of the supposedly “Non-thugs” to roam the streets unchecked.
I suspect this is deliberate, as the next step will be to clamp down on Twitter to further restrict freedom of speech. You will either comply with Big Brother or be suppressed. I recently re-read George Orwell’s 1984. It’s hard going in places, but for a book written in 1949, check out the similarities!
I left the UK 25 years ago in no small part, as it was obvious to me that all of this was on the horizon.
I then became an immigrant in Spain. I learned the language, integrated myself into Spanish society, accepted their rules and customs, and gave my time to sporting and charitable events. I joined their tax system, and took no handouts from the government. I was forever grateful that Spain allowed me to live there. Unfortunately, that is not the case for many who are currently moving to the West.
As I said, I only trust and follow a few news publishers and mostly use Twitter. If you want to catch up on what is happening in the markets, Reuters is still quite decent, and they keep up to date on what is happening in the market. Even Trading View gets some of its news feed from there if you look at the news section. That is another tip: you can check the news related to your currency, stock, crypto or whatever commodity on the trading view. It shows in the bottom right corner.
For good trading fundamental global analysis I recommend: https://www.marctomarket.com/
I also showed you how Elon Musk called out Google on how their search engine works. When you search for Trump assassination attempt, it doesn’t give any suggestions.
Conversely if you search google for “Kamala Harris”, it reveals 100’s of news articles about her, her history, and all positive news about her.
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In the webinar, I showed you how I called out areas on NASDAQ, SP500, and crypto in advance, and those levels bounced to the pip almost and went back up. I also shared a GOLD trade yesterday, which I caught up with the pip. You can see the video below.
The DXY is in a clear downtrend so now we need to wait for the pullback to the EMAs to short it back again. Which also means you need to wait for pullbacks on the majors.
The YEN has strengthened, and I explained that it has been a good carry trade for the past couple of years. Carry trading is where the investors borrow the YEN for a very low interest rate and then invest it into higher-yielding currencies or assets worldwide. We can see that now all the YEN pairs are gaining strength back again, and around 160 was probably a good time to start getting out of the carry trades. Since the YEN has begun to strengthen, investors are now taking their money out of the assets they invested in, which is why we are seeing a big sell-off in the stock markets and also TNX.
The global ‘carry trade’ is unwinding. Here’s why it’s a brutal force crushing stocks worldwide
I then showed you the forex setups for the weeks ahead and the big areas we need to focus on. I’m looking to trade the trend, but we need those big pullbacks. Pierre will provide an update on E&S this afternoon; as he said in his post yesterday, he wants the dust to settle.
Ashley then went on to go a little deeper on the M2 charts using the 4-hour timeframe. He showed us plenty of examples of how the 4-hour timeframe has been giving very good trade setups. He is also looking to trade the trend and is focusing on areas where there is strong support and resistance and also some confluences. The more confluences, the better the trade.
He is focusing on shorting GOLD around 2410 or 2420 as it is currently in a downtrend; it needs confirmation, though.
He also gave a trade breakdown of the GBPCAD trade he took yesterday, making 80 pips; he will post it separately.
You can watch the full webinar below:
Kind regards,
Marc
