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Better Trader
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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 6 days ago at Better Trader
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
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
Elliott wave analysis on Ripple Continue reading
Posted Jan 30, 2021 at Better Trader
Elliott wave analysis on Bitcoin Continue reading
Posted Jan 30, 2021 at Better Trader
We are reaching the limit of QE, if you think the bull market will never end because of QE / stimulus, you are mistaken. All is explained in my video. I have created a video in which I explain my view on the stock market, gold, bond yields, dollar and... Continue reading
Posted Jan 27, 2021 at Better Trader
The 34-day BTI became overbought in December but the news has been friendly so the rally extended. The news can distort the pattern but in the end Elliott wave wins and this is confirmed by the fundamentals see Continue reading
Posted Jan 13, 2021 at Better Trader
Today I would like to update you on the position of the 34-day BTI. I discussed this indicator last week, it is near an overbought area. Here is the updated chart: The FTSE 100 is at resistance when the 34-day BTI is above 400. Right now the indicator is still... Continue reading
Posted Dec 3, 2020 at Better Trader
After a sharp move up markets often go sideways before moving higher. Here the sideways move on Bitcoin would be wave (iv) taking the shape of a triangle [a,b,c,d,e]. Bitcoin will rebound for wave b, then it will go sideways until there are five waves inside wave (iv). The next... Continue reading
Posted Nov 27, 2020 at Better Trader
The stop loss is often the problem, too many traders do not know where to place the stop loss. They take too many unnecessary losses and they never recover. When you trade you need to take into account volatility. Is volatility high or low? The best trading results occur when... Continue reading
Posted Nov 20, 2020 at Better Trader
This is another scenario on the dollar wave count because if wave iv (circle) was the bounce in September the dollar would be going down in an impulsive manner and it would have made a new low by now. The thing that makes me think wave iv (circle) is probably... Continue reading
Posted Nov 20, 2020 at Better Trader
The number of Americans filing for unemployment benefits declined to 709 thousand in the week ended November 7th, from the previous week's revised level of 757 thousand and below market expectations of 735 thousand. Initial claims were at their lowest level since late March, but remained well above pre-pandemic levels.... Continue reading
Posted Nov 12, 2020 at Better Trader
In my previous articles I discussed the importance of the size of the stop loss. This can make the difference between profit and loss. I also discussed what you need to do in order to succeed. But the most important thing in my view is the size of the stop... Continue reading
Posted Nov 6, 2020 at Better Trader
You like the idea of trading because it is a way to make money without having to work hard. That is why many people are attracted to trading. The reality is different. Fact #1: It is likely you won't get rich quick if you trade. But you can make regular... Continue reading
Posted Oct 30, 2020 at Better Trader
We remain long S&P 500, we bought near the low when wave (v) was nearing an end. The pattern from the top is a falling wedge or leading diagonal [(i),(ii),(iii),(iv),(v)]. This pattern is complete after the index rallied above the upper line. The next move is a rally in three... Continue reading
Posted Oct 23, 2020 at Better Trader
Two weeks ago I wrote about intraday trading which is an active strategy. Active strategies do not always produce the best results because an active strategy capitalises on small moves with a tight stop loss. The tighter the stop loss the greater the chance it will be hit. Remember it... Continue reading
Posted Oct 16, 2020 at Better Trader
Many people like day trading or intraday trading as I call it because they think the more you trade actively the more money you can make. In theory it sounds good but in reality those who trade intraday are more likely to lose. Intraday trading requires tight stop losses and... Continue reading
Posted Oct 6, 2020 at Better Trader
On 24 September we published this chart of S&P 500 When the first wave down from the top is in three waves [a,b,c] we think of a falling wedge [(i),(ii),(iii),(iv),(v)] which is a bullish pattern. We expected a rally and the rally is now underway. To receive regular updates and... Continue reading
Posted Sep 30, 2020 at Better Trader
US stocks have become overvalued in recent weeks, whatever the valuation measure you chose, some of these indicators have exceeded their levels at the top in 2000 and in 2000 the markets crashed. So there is a risk the tech bubble will burst and drag the stock market lower in... Continue reading
Posted Sep 7, 2020 at Better Trader
The FTSE 100 has always been my favourite market to trade and I think it will always be because my best results are on the FTSE 100. This year we are already up 1589 pts. There is a reason, the UK index follows the Elliott wave closely and I understand... Continue reading
Posted Aug 7, 2020 at Better Trader
Private businesses in the US hired just 167 thousand workers in July 2020, compared with a revised 4.3 million increase in June and way below market expectations a 1.5 million rise. The labor market continued to recover from April's record slump in employment, but a resurgence in COVID-19 infections forced... Continue reading
Posted Aug 5, 2020 at Better Trader
The charts below were published last week, they all show clear Elliott wave patterns. EUR/USD EUR/USD could be in an ending diagonal [(i),(ii),(iii),(iv),(v)] the forecast was for a decline to 1.1350 followed by a rally to 1.1480. So far the euro declined to 1.1370 (yesterday), it is possible we will... Continue reading
Posted Jul 19, 2020 at Better Trader
The number of Americans filling for unemployment benefits stood at 1.30 million in the week ended July 11th, little-changed from a revised 1.31 million claims in the prior week and above market expectations of 1.25 million. The latest number lifted the total reported since March 21st to 51.3 million, as... Continue reading
Posted Jul 16, 2020 at Better Trader
Markers surged yesterday after the release of the latest nonfarm payrolls report (NFP), the numbers were better than expected. As it is often the case people look at the numbers and buy without asking any question. If you follow the crowd and bought the FTSE 100 yesterday, today your long... Continue reading
Posted Jul 3, 2020 at Better Trader