Good article, thanks for sharing Fader123! If you don’t mind me asking, what is the main indicator you’re waiting to turn south?

Macro Talk

Manufacturing suggest the US is on the verge of recession. Yesterday I shared this chart in another thread: image ISM Manufacturing Export Orders is a leading indicator for ISM Manufacturing and its showing something reminiscent of a recession. ...

Macro Talk

The Fed is probably making a mistake by believing only a mid-cycle adjustment is needed. image The image above shows what we might expect from manufacturing in the near future. That sure doesn't look mid-cycle to me... More importantly, the labor ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Good luck. I'm still thinking NQ goes higher in the short run, but it's with a lot less conviction than I had earlier. ES is over the 3,050 mark I thought it would get to so I'm guessing it stalls out relatively soon. Maybe it gets to 3,070 before ...

Private Island Traders

That's some solid advice Don!

Whats your best money management method?

Thanks a lot Macd-rsi! That's a very interesting approach towards risk management and very different from what I'm used to.

Whats your best money management method?

Initially I thought so too, but Powell said they would need to see a significant rise in inflation before hiking. That may never happen so dovish from that angle. Overall I think it was more or less inline with market expectations.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

A C-corp is probably the least efficient entity for taxes. Businesses usually only become C-corps when they absolutely have to... An LLC is most likely your best option.

Company Formation for the purpose of Trading (CFDs, spot etc)

All things considered, gold is doing remarkably well right now. Equities just hit new all time highs so the market is factoring in less risk, but gold is still near 1,500. That's fantastic, under these circumstances I'm surprised it hasn't gone to ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I'm a little confused, could you show us an example? Live account? Not too shabby Macd-rsi.

Whats your best money management method?

Thanks detector! Sorry your short didn't work out. I'm kicking myself for selling 40% of my equity holdings last week without checking breadth first. I would have made quite a bit more if I just held 3 more days... Live and learn.

Private Island Traders

You’re welcome. I’m on the other side of the trade this time around, but I’m pulling for you none-the-less! Given we have a new advance-decline high I’m thinking we see 3,050-3,100 SPX soon. Not sure what the NQ equivalent would be. After ...

Private Island Traders

Breadth is solid, I think we see new highs near term. Definitely wouldn’t short here unless it’s a quick scalp.

Private Island Traders

Very quiet weekend so far: image

Private Island Traders

We'd need another bubble to see a drop that big. A 30-50% decline is more likely in a recession.

Private Island Traders

You know how sometimes problems occur in the economy and the markets panic, then sort of just stop caring? It's an interesting phenomena that I've seen numerous times. I was rereading an article over the weekend that touched on this phenomena and I ...

How the markets work - A fundamental perspective

Glad to have you back!

Private Island Traders

Just when it looks like Gold is finally breaking higher, positive US-China trade news knocks it back into the same 1,500 range.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

You know, I've given some thought towards creating a company lately due to a compliance issue I'm dealing with... My wife works for one of the major banks so all my trades have to go through pre-clearance now and there's a 30 day holding period. ...

Company Formation for the purpose of Trading (CFDs, spot etc)