January 2019

If I read these at all it tends to be sometime the next day after the profit has long since been banked.

Age-old conflicts between England and Ireland are now holding up the harmonious solution for a Brexit deal but there is still hope it will be worked out. https://www.bbc.com/news/uk-politics-47061650

People who are not aware might think this could be a coincidence but when you see it worked 90% of the time for the past 3 years you have to come to some conclusions about what is true about financial markets.

Trade agreement talks seem to have their biggest effect on the AUD and NZD pairs and these are in general, some of the best pairs to trade due to solid moves and less market confusion. Let’s see what happens next but all of this could now be overshadowed by the “double whammy” week with both

We have been observing caution about committing to any direction or apparent entry for GBP Pound pairs. Each day can bring new surprises all caused by the uncertainty and fear being generated in politics. One can hope those in charge might eventually be able to come to an agreement and get something done. https://www.dailyfx.com/forex/market_alert/2019/01/29/Brexit-Latest-GBP-Falls-After-Favored-Deal-Amendments-Rejected.html

As you can see the NAB Business movement is so far, insignificant compared what might happen tomorrow or at the next breakthrough with China trade talks. According to the charts, this news is not significant and the Aussie is waiting for more important news. https://www.dailyfx.com/forex/market_alert/2019/01/29/Australian-Dollar-Slips-On-NAB-Business-Gloom-Trade-Talks-Eyed.html

According to this guy, Lakshman Achutan, another 10-20% correction could soon form in the stock market. Personally, I don’t see much relation to the pattern I now see in the stock market. According to what I see there is a wave 5 or last wave of an uptrend now but this is in the process

Although, I don’t see any advance in the stock market as I am looking at the charts on 1/28 12:03 Hong Kong/Perth time, this article says markets advance. Maybe the “global” markets are not referring to the U.S. yet. https://www.cnbc.com/2019/01/27/reuters-america-global-markets-stocks-advance-after-u-s-government-reopens-for-now.html

In Detroit, Ford Motors has pulled out their calculator and estimated their loss for the U.K. pulling out of the EU with no deal, with WTO tariffs and a weaker pound, would end up costing around $1 Billion. https://www.reuters.com/article/uk-britain-eu-ford/no-deal-brexit-would-cost-ford-up-to-1-billion-idUSKCN1PI1VD

In order to get to the next step motivation and discipline are always required but even more so, the people who succeed in trading usually have an exceptional amount of motivation and discipline. How do people get these two qualities? Usually, these come from having experienced intense pain which causes the brain to then focus