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Well what does Brooks say? When in a steep upwards channel, buy for every reason. Stop under the first leg up. Simple.

I used to have a very stupid simple system. When a central bank (unexpectedly, this is important) changed policy I would buy every dip the next day until new economic releases of importance. Worked long time, sadly market isn't stupid.

So they took in USD (for ex.) Handed out Theter with which clients go to buy BTC, deposit them, get handed out USD again? Sounds like a BTC-pump ponzi... Anyone knows how big their balance sheet is?

Don't want to offend but if you have the money to start 10 times over, why not once double your trading account and keeping it in there?

I have to insist - there is simply no better PA course then those of Brooks. If you find PA not to be working, then combine the parts that you find working with others like indicators, macro decisions, expectations or whatever. I do not trade simply on PA but PA is amongst the decision points I...

So the first nails in the coffin or not at all? Someone who is more into BTC please tell

If you think there is still free arbitrage... Think again.

Also forex is less predictable. Resistance can be crossed easily and false brekouts happen alot. Holding positions over night with stoplosses is also a receipt for failure since brokers tend to increase spread massively overnight to farm stoplosses. Also most fx brokers tend to trade against...

Jim Grant says chinese bank assets amount to over 50% of global GDP... If that is true headwinds are only about to start. 20% of Chinese wealth wiped by Lehman 2.0 means 10% of global GDP wiped. And 20% is still a humble estimate...

Talk dirty when it is done, not before it is planned. So far it is only a thesis

Semi-automating my strategy. I do the entry, the rest is automated.

Question is wheter his place was ever justified. He was likely bankrupt to begin with

The crash is not yet over. The derivatives have not yet touched the ground. Wait a few weeks.

Economies could be crashing like cards or hard deleverage at least and you want to go long steel? Go long USD/TRY instead or grab some forward Soy calender spreads for the upcoming food shortages. Short airlines or tech stocks or credit givers... So many opportunities right now.

Dollar will rise this week, sending oil lower coupled with worsening outlooks.

No, debt has not to be repaid if it is inflated away. The truth is that with stagnating wages there is no true inflation which has made debt more severe in the recent years. But once ressources gain value as there is a shortage of it this will change.

That only works as long as there is demand for dollars which will be shrinking for different reasons long-long term. If there is no dollar demand there is no demnd for bonds and then - kaboom.

Why would you ever buy it? The repositioning/transaction costs alone will eat so much of the gains, most crypto follow BTC anyways, so either buy BTC/, ETH directly or don't touch crypto.

America is insane anyways. What do their 2 billion $ aircraft carriers do? 1 of them starts a few fighters for Iraq, the ithers sit idle. So why have dozens of them along with enture carrier strike forces, but refuse to increase help for the homeles in their cities? A new anti submarine Aircraft...

I would not care which pattern appears most as a standalone but which pattern is likely to occur on a strong trend, a trading range and so on. Support and resistance fail or hold for a reason. Build on that instead of them failing. You also missed the holding S/R level where price only almost...