BigGeorge68

BigGeorge68 Updated 

Looking at the weekly diagram, two indications are making me go short at this pair: First, the QQE index has penetrated the zero line, which doesn't smell well in my books. Second, the Anchored VWAP (its' upper band) worked well as resistance as the week passed—another ominous fact. Combining the data from last Friday and common logic (apart from the technicals),...

BigGeorge68

The few people following my posts here have already understood that I like to form a trading idea based on the HTF. A Weekly chart, for example, gives me a more concise and clear picture of the technical aspects of a price prognosis. I am not searching for the perfect point of entry, and that's precisely why I rarely do a multi-timeframe analysis. Getting into...

BigGeorge68 Updated 

I am going to be very short. Almost all fellow traders here are "fighting" to get funded. I am one of them (even if I got funded from three different prop firms 6 times, because of my aggressiveness, I managed to get a couple of payouts). I am now trying to pass the second phase of two challenges (in two different prop firms), so I need a 5% return on my initial...

BigGeorge68 Updated 

With so many fundamental evidence that the interest rates wont stop increasing or at least won't drop down for a long time, the stock market cannot discount a lower cost of capital. Banks are getting degraded, problems of the average American to service their loan and subprime commitments, a rapid deterioration in money supply (both MS1 and MS2) this will not...

BigGeorge68 Updated 

Examining the charts (technical analysis serves as a good risk management tool), my personal opinion is that Gold will drop bellow $1900 per oz. Actually, I am going short right here, with a stop loss @ $1964 and an exit profit @ $1880. I wouldn't say that this is a "long term" trade, because I estimate that such a move can happen in a short time period, given the...

BigGeorge68 Updated 

History had taught us that the fundamentals supersede the Technicals. In my humble opinion the S&P500 will stop it's strong rally near the horizontal rays that I have drawn on the chart. My "Big Short" has an 8 Reward to Risk ratio, a stop loss above the last resistance and an exit profit bellow of 3900 units.