Hello my dear friends!
we had a wonderful week with so many events going on all over the place. Let's start with BBD. We had another wonderful day with Bullish sentiments and things are going very well. If you are a chart analyst with the right platform, you probably saw a red flag today at a certain point. Understanding body language between MMs is important. I sold 20% today of my BBD position. Now pay attention. We are going to 50.00 in the coming months. I've said on my other posts, that we a have station 50.00 this is why At that SP, a lot will come in and others will get out for a profit or just to break even. I expect traffic at 2.00 pre-split. The Best thing would be to go threw 50.00 like it wasn't there. But there is a Strong possibility that we will hit a big wall at 50.00. At that SP, it will be very important to understand your charts. The volume, the MMs moves, your chart candles, your grafhics, short positions and especially MMs trading language between MMs will be very important. Be sure you are updated with MMs trading language or else you will be lost in the woods. I've received a inbox today asking me where to go for major events that may influence markets. This is my answer. Go on US economic calendar today and clic us tradingeconomics.com You will get the week main events and timing that will have an influence on Wall Street. If you trade metals you want to pay attention at no farm payrolls, Fed speech, rates, jobless claims FOMC for example that usually comme out 8:30 in the morning. If you are a Metal Guy, know that the worst enemy of gold and silver is USD. A strong dollar is negative while a weak dollar is good for metals most of the time but there are exceptions. If you want to trade energy, news and numbers comes out most of the time on Wednesdays at 10:30. Of course you want to pay attention at OPEC. They are the main drivers. To get results of week main events, Personally I like Kitco. They have all updated News events and all you need to know about metals and oil. To make proper, intelligent moves, be sure you get your infos real time or else you will be 15 minutes behind events that may cost you alot. Be sure you work with a platform that offers you all the tools you need, I don't pretend that the one I use is the best but it gives me all the tools I need and it is fee free for all my trades. When you do up to 150 trades per month, it's good to know that there is no fee. And last, and the most important is to work with a real, proven winning team. Believe me, it makes all the difference. On an other post, I will answer to another inbox that ask me how I do to trade metals. I don't claim to be an expert but I'm willing to share the way I work and to what I pay attention at when I trade what I think is the most easy and fun trading I do and that is precious metals. Have a fabulous weekend and cheers to all and best returns with your investments.