Preface
Hello World,
Just starting the blog so I can share my personal view of the financial markets. I will cover FX, Equity Indexes, Commodities and Precious Metals. My charts will be taken off Daily FX (They have an awesome analytical suite) and Trade Interceptor (I am a Mac user and this is one of the better platforms that comes with a respectable analytical suite that is compatible with the Mac OS)
I am observing the Crypto markets and am in the view that the market is not presently readable with established analytical tools.
I am observing the Crypto markets and am in the view that the market is not presently readable with established analytical tools.
Risk management and Discipline are more important than any trade setup. I have played through Beta expanding events over the last 13 years and those 2 things have been key to my financial survival. I recommend reading about an experiment Richard Dennis and William Eckhardt conducted and the lessons we can all learn from the "Turtles Trading System Rules"
I take about 40-200points per trade when I'm right (Gold trades anything from 400 -1500 points) and when I'm wrong, my "school fees" do not top 1% of my account at any given time (Trade sizing is a wonderful thing).
I take about 40-200points per trade when I'm right (Gold trades anything from 400 -1500 points) and when I'm wrong, my "school fees" do not top 1% of my account at any given time (Trade sizing is a wonderful thing).
Feel free to chime in if you think my view is missing any perspective you feel is crucial. I welcome your comments, suggestions and guidance.
In Friendship and Goodwill,
Charles JD Lim, CAIA