If long/bullish stock positions were not added last week when the indexes traded into immediate support, then, rallied away, there is no sense in adding positions, now. The strategy this week is either to wait for the indexes to trade up to immediate resistance or down to their intermediate-long-term support levels before contemplating putting money to work.
Using the Yen as our thermometer for risk
- Thread starter Wealthy Bucket
- Start date
This week we have focused on bullish/long opportunities in Swiss Franc and the Hong Kong sector. Bearish opportunities can be seen in the German sector, Euro, and Loonie.
If you can predict what is happening with the Yen and Dollar, why do you even need to attempt to try to predict equities?
Why not just trade the Yen?
It comes back to correlations. The yen and the us dollar have a negative correlation which does not remain constant but is currently true. Therefore, you can predict what equities will do because the us dollar is generally positively correlated to equities. But back to your question, if you can determine the direction of equities using the yen as an indicator then there other correlations that you can take advantage of using futures, forex, options, and lastly stocks.
We do not invest/trade to get rich. We are looking to create additional income on a weekly basis as well as growing and protecting our wealth accounts. We trade all asset classes. We do not load up into single positions. We use Yen and Dollar as an indicator to help increase the probability of our trades. We have a website subscription service to promote financial literacy and again create another source of income. Putting all your eggs in one basket is bad for business. The Yen and dollar are used as confirmations and are not the only correlations we use. They are just the important ones for this week. We are not predicting the Yen and Dollar we are watching them to help confirm our other positions. We let money flow and the price action of global markets tell us what to do. One just needs the literacy to know where to look. This is how professionals invest.
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Im not sure what you mean by sponsor. However, I am part of the Wealthy Bucket Team and I write in this chat room to spread financial literacy. By doing so, I hope to promote our services which ultimately is an attempt to provide some insight to how professionals invest. Do you think that is acting in bad form?
Well I think in the interest of transparency it is important to understand your angle.
I have understood your goal in starting this thread is to drive traffic to your site. I am not sure what the rules are on this, that is Baron's call.
However, I do think it's important to understand that you're selling, not trading.
I have understood your goal in starting this thread is to drive traffic to your site. I am not sure what the rules are on this, that is Baron's call.
However, I do think it's important to understand that you're selling, not trading.
All I have done is provide our insight about the market. The only time I mentioned our service was when I was asked. You should focus on investing rather than the fear of being sold. I did not feel a need to announce why I was providing our insight. I believe in our system and I would like to share pieces of it with other traders. Which in the end may result in traffic. Regardless, the main goal is financial literacy. I feel my posts provide value. For example, if you look at your charts everything that I have said regarding the Yen and Dollar has transpired how we said it would.