KEEPING WITH THE TREND-FREE VIDEO
last post I showed a video on how important it is to be able to mark our charts correctly with Support and Resistance lines. The video also showed how to place trend lines and channels in a trending pair. So after watching I hope that you went pack in your platform and double checked that your lines where in the right place.
We also just finished with the big Jacksonhole, Wy summit where all the big banks talked about the next move for the global economy. Here are some Posts from that summit from MarketWatch
"Ben Bernanke kept the faith in the Fed’s unconventional policies on Friday in his speech at Jackson Hole, Wyo., and the faithful are being rewarded with visions of $100s and $20s and more floating down from Ben’s helicopter."
"St. Louis Fed president James Bullard says the Fed should wait for a few months before deciding whether to launch a new round of asset purchases."
As we know market opening after these kind of meetings can spark big gaps and serious wipsawing price action so as a word of caution I would hold trades until Tuesday as Monday is a Holiday in the US.
So, Now that we are starting to see new or exsisting trends continue it is again even more important to be able to regognize and plan on how and when to place your trades. I have for you another fantastic FREE video that shows trend trading in action.
We also just finished with the big Jacksonhole, Wy summit where all the big banks talked about the next move for the global economy. Here are some Posts from that summit from MarketWatch
"Ben Bernanke kept the faith in the Fed’s unconventional policies on Friday in his speech at Jackson Hole, Wyo., and the faithful are being rewarded with visions of $100s and $20s and more floating down from Ben’s helicopter."
"St. Louis Fed president James Bullard says the Fed should wait for a few months before deciding whether to launch a new round of asset purchases."
"Conventional wisdom that more Fed asset purchases would be good for stocks is misguided, said Joseph LaVorgna, chief U.S. economist at Deutsche Bank
Although it has become conventional wisdom to view more QE as good for stocks, Joseph LaVorgna, chief U.S.economist at Deutsche Bank, believes the opposite is true."
“I wonder if any of these further easing actions will give equities a lift,” LaVorgna told MarketWatch on the sidelines of the Fed’s Jackson Hole summer retreat.
“In some ways, the best thing for equity investors would be a situation where the Fed said it was doing nothing and let interest rates rise. The stock market would probably go down for a day, or a week or two, but eventually would rise as fixed-income prices go up. Investors would allocate back into stocks,” he said."
“I wonder if any of these further easing actions will give equities a lift,” LaVorgna told MarketWatch on the sidelines of the Fed’s Jackson Hole summer retreat.
“In some ways, the best thing for equity investors would be a situation where the Fed said it was doing nothing and let interest rates rise. The stock market would probably go down for a day, or a week or two, but eventually would rise as fixed-income prices go up. Investors would allocate back into stocks,” he said."
As we know market opening after these kind of meetings can spark big gaps and serious wipsawing price action so as a word of caution I would hold trades until Tuesday as Monday is a Holiday in the US.
So, Now that we are starting to see new or exsisting trends continue it is again even more important to be able to regognize and plan on how and when to place your trades. I have for you another fantastic FREE video that shows trend trading in action.
Yes another great video!! Marc Walton has been Trading and Mentoring Forex for many years and has attained a reputation as one of the foremost experts in Forex Trading. This is just one of many videos Marc and his team have done. If you want to see more of Marc's Forex Teachings here is the link.
Again let me know if you like the post and please feel free to share it with friends and fellow traders.
Good luck with your trading.
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