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Better Trader
Recent Activity
Last chance to subscribe
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From next month I will no longer send you promotional emails and I will no longer take on new clients. This is your last chance to subscribe, I will continue to produce the analysis for my members but I will not accept new clients. I have done the job for... Continue reading
Posted Apr 22, 2022 at Better Trader
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Copper's breakout
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I was looking to buy Copper after a pullback for wave (e) but this pullback did not go very far. In a triangle [(a),(b),(c),(d),(e)] wave (e) should end near the lower line , near 4.25. I think the war in Ukraine caused copper to rally immediately without a proper pullback.... Continue reading
Posted Mar 10, 2022 at Better Trader
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Gold breakout was expected
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I remain long gold. That was the chart I sent to members of my position trading strategy on 26 January. Gold is going higher but it can be volatile when the Fed is hawkish. To get my latest view on gold join the position trading strategy here : e-Yield -... Continue reading
Posted Feb 18, 2022 at Better Trader
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S&P 500 to soar to new highs
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The S&P 500 did not decline enough to change investors' mood, we are still in a mania and in this situation people will buy early. The BTI has been rising during the decline, a rising BTI means sentiment is bullish. This behaviour is an indication the bulls have regained control... Continue reading
Posted Feb 2, 2022 at Better Trader
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S&P 500: rallies are becoming fragile
We continue to see the Nasdaq in correction mode, tech stocks are not doing well right when yields rally. This sell off in tech stocks has affected the S&P 500 but the Dow Jones and the FTSE 100 are doing better because these two indexes are not sensitive to tech... Continue reading
Posted Jan 12, 2022 at Better Trader
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Gold consolidation nearing an end
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Chances are gold will decline further before the next major advance starts. I believe gold is tracing out a triangle [A,B,C,D,E]. On 15 December Gold declined to 1753, was that decline wave E? That is the question right now because if the decline was wave E gold will rally to... Continue reading
Posted Jan 7, 2022 at Better Trader
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A reliable indicator
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Technical analysis is not an exact science, sometimes it is difficult to identify the pattern. The same can be said about Elliott wave analysis, sometimes the pattern is not clear. In this situation I rely on other indicators like the BTI to guide me. The BTI is a sentiment indicator... Continue reading
Posted Dec 5, 2021 at Better Trader
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Stocks and cryptos have produced the best returns
Having spent many years in the markets I have come to the conclusion that long term trading (or investing) has produced better returns than short term or intraday trading. I have already explained in previous articles why it is difficult to succeed with a short term or intraday strategy. These... Continue reading
Posted Nov 26, 2021 at Better Trader
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The pullback in September was a warning
Stock markets continue to rally but the rally is not the start of a long advance, it is part of the final subdivisions of a terminal pattern. When markets are near the top sometimes the final move up does not materialise, therefore an increasing number of investors are on the... Continue reading
Posted Oct 28, 2021 at Better Trader
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Better to have a longer term view
I have helped many traders over the years and I know what they want, but what they want is not always the best option. What most traders want is to trade intraday or short term with a tight stop loss. However, statistics show that focussing on intraday moves or short... Continue reading
Posted Oct 1, 2021 at Better Trader
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Still no bull market
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This summer I posted charts of the FTSE 100 in a resistance area, the latest decline is another indication there is strong resistance above 7200. Either the FTSE 100 will decline because the trend has turned down, or it will rally again in the range 7200-7300 (the resistance area). If... Continue reading
Posted Sep 14, 2021 at Better Trader
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What the FTSE 100 and yields are telling us
Stock markets rebounded led by the Nasdaq. Tech stocks are in demand when the virus spreads, last year at the height of the pandemic tech stocks were the best performers. This time the pandemic is coming to an end but there are still concerns about the Delta variant, it is... Continue reading
Posted Jul 22, 2021 at Better Trader
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The FTSE 100 is leading the way
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Two weeks ago I said the FTSE 100 would go down/ sideways, as you can see on the chart my analysis was correct. The FTSE did not follow the US markets higher, in fact the FTSE 100 and the S&P 500 are diverging. The FTSE is leading the way, it... Continue reading
Posted Jul 8, 2021 at Better Trader
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Elliott wave pattern on S&P 500
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We have two ending diagonal patterns in this rally. Ending diagonals are terminal patterns. The rally since the May low is wave v (circle), this is the first ending diagonal in five waves [(i),(ii),(iii),(iv),(v)]. The second ending diagonal is wave (v) in five waves [i,ii,iii,iv,v]. After an ending diagonal a... Continue reading
Posted Jun 17, 2021 at Better Trader
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Bitcoin crash is wave 4 or C
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The decline looks like a crash because the previous advance is massive, what goes up fast goes down fast. You can see on the weekly chart the decline is a simple correction in the bull market. Either the top wave wave 3 or wave 5, I am not sure. If... Continue reading
Posted May 19, 2021 at Better Trader
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Stock market crashes will become more frequent
Last week I talked about the mania and the oncoming correction. Well, it is not easy to time the start of the correction, stock markets could go higher before they turn down because we are in a mania. In a mania rallies take longer than expected to complete. But we... Continue reading
Posted May 6, 2021 at Better Trader
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The mania and the correction
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In the last few weeks we have seen many indicators flashing the same warning, a trend reversal or sharp sell off is imminent. Of course this does not mean the sell off will happen now or tomorrow, sometimes and in particular during a mania, the expected sell off can take... Continue reading
Posted Apr 28, 2021 at Better Trader
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Indices: more upside but patterns nearing completion
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The FTSE 100 reached my target at 7000, the UK index moved above that level, the high so far is 7040. However the structure of the wave is not complete, I now expect the rally to end higher near 7100. This is confirmed by other markets like the DAX. The... Continue reading
Posted Apr 23, 2021 at Better Trader
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Position trading strategy performs well this year
It is early days but so far the results are impressive: Since December 2020: Number of points gained: +1173 Win ratio: 90% Number of trades: 10 1 loss 9 profits Breakdown per market FTSE 100: +280 S&P 500: +65 10Y T-Note: -13 Gold: +23.5 Carbon Emissions: +525 Silver: 1.5 US... Continue reading
Posted Mar 17, 2021 at Better Trader
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DAX is forming an ending diagonal
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The DAX remains in the same position, at the top of wave iii (circle). The pattern is an ending diagonal [i,ii,iii,iv,v (circle)] and wave iii (circle) is in three waves [(a),(b),(c)]. The chart tells us the DAX will decline to 14050 for wave iv (circle), followed by a rally to... Continue reading
Posted Mar 17, 2021 at Better Trader
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This strategy is a winner
The Position trading strategy that I launched in November is not new to me, I have been using it for 15 years. Initially I did not want to offer it to retail traders because the trades don't have a stop loss. Yet it is one of the best strategies. I... Continue reading
Posted Feb 26, 2021 at Better Trader
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Stock market warning
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The stock market will collapse, there is no doubt, like in 2000 the signs are everywhere. The Fed has created an gigantic bubble in stocks, the question is, when will it pop? We are near the start of the next collapse. You know this will happen when you see a... Continue reading
Posted Feb 19, 2021 at Better Trader
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Elliott wave pattern on Gold
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Posted Feb 18, 2021 at Better Trader
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Elliott wave pattern on Silver
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Silver completed a leading diagonal [1,2,3,4,5] which often occurs in the first wave of a major rally. It is probably the first wave because silver made a new high above 29.8. We are now in the corrective wave in [A,B,C] which is the second wave. Silver decline could end near... Continue reading
Posted Feb 2, 2021 at Better Trader
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Ripple analysis
Elliott wave analysis on Ripple https://youtu.be/YtCA-YiG6HU Continue reading
Posted Jan 30, 2021 at Better Trader
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