Hamburg, Germany

Trade With Conviction

[Trade Signal] Buy Dax @12.030

I took this trade signal for a buy of the German DAX. Entered long at 12030 for a continuation of the still intact long-term weekly uptrend. My point of invalidation is a break below 11850.

How To Decide Which Trading Strategy Is Right

A common trait among beginning and unsuccessful traders is the fickle abandonment of trading strategies that delivered a string of losses. And I am absolutely guilty for as long as I can remember. The underlying motivation is sound.  You want to improve your results and not trade a system that does not work in the…
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Ano Lobb - Question of Money (License CC 2.0)

Has The Market Correction Ended? Dow Jones Chart Analysis

The recent stock market correction was one of the biggest and fiercest corrections in the history of American capitalism (point-wise), with its selling climax last Monday. Yet the recovery rally seems equally strong. Tuesday’s and Wednesday’s price already negated half of the sharp decline. What’s next? Status Quo I don’t have a crystal ball and…
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Top 2 Reasons Why Trend Trading Is So Hard For Me

Trading and speculation in the financial markets is an appealing endeavor for many people. And so it is for me. But the percentage of people that find success is rather small. 95% of traders reportedly drop out of the game as losers. One of the most popular trading strategies is trend following. Arguably it is…
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Understand Why A Trading Strategy Works

Whatever The Input To Your Trading Strategy There is a very simple fundamental truth to any trading strategy out there. Whether you are a discretionary trader, a fundamental trader, a quant, a mechanical technical trader, or maybe you simply trade your gut feel or let your monkey throw darts. Whatever it is, your strategy is…
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Chart check ahead of FOMC

Yellen’s last FOMC Tonight at 8pm CET the Fed will publish their latest interest rate decision and FOMC statement. It’s going to be Janet Yellen’s last official act as head of the Federal Reserve before she is succeeded by President Trump’s pick as the next Fed chairman, Jerome Powell. Although some experts have voiced opinions…
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How Order Flow Logic Should Improve My Trading

We all know those dreaded situations. We enter a trade with our best judgement, following the trend etc. etc., we place our stoploss with great care and consideration. And still Mr. Market seemingly knows what we do and think. With uncanny precision price will come to our stop loss, trigger the order and subsequently turn…
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Weekly Wrap

$AUDUSD, $NZDUSD The commdolls continue to flush down the toilet. I mean look at the ozzy accelerating through any childish trendline I can draw! And I continue to get myself into trouble with these pairs. I see the larger pattern potentially making a bearish extension, but of course I can’t help myself and trade some…
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The “Technical Evidence” For A Bigger Correction

The number of markets that are currently trading at technical targets/resistance is staggering. Usually these targets act as resistance and suggest a bigger correction. I expect stocks to sell off and a little more volatility in the coming weeks. $Nikkei was one of the first markets to show a reaction after bumping up against resistance.…
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A $GDX Trade With Awesome RRR

RRR-wise, it can’t get much better than this $GDX trade! My estimate is an initial RRR of about 20:1!!! How are the odds that this plays out as planned? I don’t know, as I have never backtested wedge breaks. But it doesn’t really matter that much, be it 50% win ratio or 20% or even…
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