Alec40

Alec40

Hey Traders, Caution in the Markets! As we all know, we have had this massive bull run (fueled by nothing other than Cash and Words) however we have not had a decent pullback or correction since this bull run began several months ago. I do think the Markets will move higher but I am not a gambler and I would prefer to wait and see. As of right now, we are seeing a...

Alec40 Updated 

I recently published a trade on WBA and in that idea (Linked below), I had expressed that I was seeing some signs to buy at the 81.80-82.50 level however those conditions were not met by the time price reached that level. I did not buy at 81.80-82.50 because I did not feel the down move was over yet. I am still not quite sure that the down move is over however I...

Alec40 Updated 

We are getting a Bearish Cypher pattern on the Daily Chart for Silver along with 1. Overbought stochastic levels, 2.Previous Structure Resistance, 3.Bearish diversion on the MACD Histogram. 4.I am also seeing Bullish Cypher Patterns on the USDOLLAR, DXY, UUP etc. I believe that we are in a very bullish environment for precious metals right now and that this is...

Alec40 Updated 

Hey Traders, We have a couple trades based on two different Strategies lining up at the same time. Both Strategies agree with each other and I believe this may be a good short term swing trade opportunity! I have been keeping an eye on the Dollar Index waiting for a Bullish Cypher Pattern Completion on the Daily Chart. There are many ways to play this trade...

Alec40 Updated 

Hey Traders, We have a couple trades based on two different Strategies lining up at the same time. Both Strategies agree with each other and I believe this may be a good short term swing trade opportunity! I have been keeping an eye on the Dollar Index 0.07%waiting for a Bullish Cypher Pattern Completion on the Daily Chart . There are many ways to play this trade...

Alec40 Updated 

I have had very good consistent results with this strategy however I have done my due diligence and back tested it thoroughly to fully understand all the variable and what the best way to use it is, so please do your back testing as well. As some of you know I am currently short on Silver -1.16%so I will be using the results of this trade to manage my current...

Alec40 Updated 

Hey everyone, we have another bearish Cypher Pattern setup on WBA. This Cypher Pattern can be seen on the hourly and 4 hour charts.. If you are not sure what a Cypher Pattern is or how to identify them, do not worry as I will be releasing a tutorial on everything you need to know in order to trade the Cypher Pattern successfully. This tutorial will be published on...

Alec40 Updated 

I am seeing a Bullish Cypher pattern completion on the Gold Daily chart. I published an idea yesterday regarding Gold & Silver and said that I was expecting a bounce, I will link that idea as related at the bottom. I believe this may be a good short term trading opportunity. I have two totally different Strategies telling me to buy and the targets for both of...

Alec40

Hey everyone, I know there are a lot of people out there calling for Gold and Silver to explode however the secret to making money in this business is to use your own strategy, rules and trading plan. I am not convinced and you shouldn't be either. I do agree with most of the underlying fundamentals for Gold and Silver and I do believe you should own some, with...

Alec40 Updated 

I trade WBA 0.25%on a regular basis as I am a fond believer in understanding what you are trading. I have a hand full of stocks that I refer to as my "bread and butter" (this is one). as you mature as a trader, you will realized that consistent profitability boils down to- 1. Solid Trading Strategy that has been back-tested thoroughly! 2. A detailed set of rules...

Alec40 Updated 

We have a Daily Bearish Cypher Pattern Completion on Platinum. I am very bullish as mention in my last idea with regards to the precious metals however nothing go's up in a straight line, we are due for a solid pull back and the dollar is due for a short lived rally. right now we are showing a double top and a bearish divergence on the daily chart using the...

Alec40

We have a Cypher Pattern in the making right now however I will be entering this trade only if point D of the Cypher Pattern has completed.. If Trading is your primary income, it is very important to always have pending setups however you must stay disciplined and not fall into the trap of trading just because! Patience is key in this career and the more you...