What perfect timing on my part, last evenings Currency report by Rambus was the last report I will read on the web after 34 years and 9 months of trading off currency trends….excellent report!
I can tell you all that for the price of a cup of coffee a day the chart work you receive from Rambus is second to none and perhaps its because I look at his work from a traders approach I realize what he provides is from the goodness of his heart as his work is worth far, far more!
I found Rambus when I was short the pm’s sector as I was looking for someone, anybody who had the same position to compare what I thought I saw on my charts but obviously it had to be someone holding a short position based on chart work not opinions. As it turned out I think we complimented each others approach to trading the pm’s sector.
Fri I hand over my mouse to a dear friend of 34 years Mr Yen who I’ve had the privilege to trade $Yen, $Mark, $Cdn, $Swiss and $Sterling with, he will be trading my families portfolio.
FGC wanted me to leave you with some words of wisdom, I have none….everything you need is on the charts that you watch, you want to trade your own positions then trade as a trader, its really that simple!
I’ve shown you the 4 Horsemen and its Rider an approach I used while currency trading, hopefully between your own approach and what Rambus provides it will be another tool keeping you on the correct side of the trend in play.
OPINIONs are like reading the comics they are for comic relief its the indicators that matter as the price will always follow.
Martin Armstrong can be a very cryptic read indeed, but there is nobody better on the web that highlights Big Money Flows, that which creates the trend on our charts, his data fed computer is leading edge and completely opinion free.
Dan Norcini is the most grounded pro trader I know of, again I always visited Dan’s site to confirm why XYZ moved off ABC data releases…..its great to focus on the charts and its indicators but one must always flip over the chart to see what is creating the trend in play. Its no different than any professional doing his job one has a system check that they rely on and it becomes a routine keeping you on top of your game, trading is no different. Dan’s view is a must to follow.
Your position is the Hub and every spoke is an indicator creating the wheel which effects the action of the hub, find what works for you and stick with it because in todays market place NO trade should be made off 1 chart, 1 indicator….its a combined effort based off many Radar screens.
I wish you all the best and don’t ever think for a second you’ve got this trading thing all figured out, because 34 years later I was still learning……that has always been the driver behind my desire over the years.
The biggest mistake I saw over the years was traders with big % gains and they didn’t take profits…..have a goal, a target, an exit strategy….how many investors would have kept their big dotcom gains with that approach in place
The Greedy become the Needy……..
Sue, my soul mate of 36 years, turn off the lights to my Radar room bunker……I’ll make the popcorn!