Hamburg, Germany
info@convictiontrade.com

Month: November 2017

Trade With Conviction

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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