Shared this free trade real-time in the private club forum so that everyone could profit from it together. That’s the advantage of working in a group, so that program graduates can share their trades and success.
I am expecting a BIG Swing, so I will continue to hold a long-term position. It is important (and I always stress this to my students), that one needs to let the winners ride. This is the only way to build up large winners.
This is the hourly chart of Gold, which exhibited a tricky price manoeuvre by the BIG Boys, tricking newbies into going long if they relied on traditional technical analysis breakout setups or indicators.
The real BIG Break came right after that, giving us a very good short opportunity and easily netting a few thousand bucks within the next hour or so. Although it looks pretty obvious here, many would have missed out on this great opportunity because their charts are too cluttered with lines and indicators.
Screenshot taken from the STMP private discussion forum:
The Results after:
Sometimes, all it takes is one good trade to make the day. I spotted this trade in the morning and shared it with our STMP graduates, after which I shorted 15 lots and captured over 100 ticks on this trade.
Come to think of it, it really is getting quite boring nowadays, since what I do all day long is simply look out for the BIG 4 – break, swing, bounce, turn. Everything I need to know is in the price behaviour. No need for valuations, news, or analyst reports. No need to screen through indicators, divergences, scanners, wave counts, cycles, crossovers, etc
Sometimes, people don’t believe me when I show them how simple trading can be. As Leonardo Da Vinci once said, “Simplicity is the ultimate sophistication”, and I totally agree with him. Why complicate things when all you want to do is find easy opportunities and setups to make money?
BEFORE…
… and AFTER
How did I predict the price behaviour and enter at the EXACT LOW of the turning point? How did I calculate my entry to such precision and time my entry just as the price was about to make a BIG move? This is a good example of behavioral analysis, used to decipher the minds of the BIG Boys. If you are interested to find out, I will be sharing more next year in my talks, and there are a lot of exciting events coming up next year, which I will be sending out to the mailing list soon.
Stay tuned!
Behavioral Analysis Basics: The BIG Bounce
When the mark-up and mark-down campaigns are coming to an end, the BIG Boys will deliberately play up market emotions, triggering a strong climatic move to trap unsuspecting greedy or fearful traders, which the BIG Boys use to offload their positions and take profits. This creates a BIG snapback in the opposite direction as trapped traders cut losses and try to get out.
Overall, this was a rather good week, with the EUR and GBP trending strongly upwards in the early part of the week. On Thursday and Friday, I already saw the signs of a major pivotal point, signifying a high chance of prices turning down.
I waited patiently for the market to confirm my opinion before taking my short positions, and my patience was rewarded by the market. I am glad that my opinions were confirmed by the market, and the satisfaction of reaping the rewards of self-discipline is better than the rewards of profits. After trading for so long, the profits no longer excite me as they used to.
Next week, I expect the market to be less lively, and I will be taking a break for Christmas, and to review my trades for the past year. This year has been rather decent, and as long as a trader keeps following the rules and sticks to a winning methodology, the consistency of profits will naturally follow.
