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Trading Technicals with David Brady

95

Today, of course, is July FOMC Day. Well, one week ago today, I recorded this discussion with David Brady of Global Pro Traders. Not only do we discuss the tools and strategies David uses to successfully trade the "markets", we also look ahead to today's FOMC Fedlines and attempt to anticipate how things will react in the coming days.

Many thanks to David for his time today. Please be sure to check out his site www.globalprotraders.com and you might also follow him on Twitter, too, @GlobalProTrader.

TF

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allenbLibero
Aug 1, 2019 - 11:54am

I agree

Libero. Yes i agree. I am not good enough to short a bull market and i don't think very many people are. I have a stop at 1395 on spot gold (raised it yesterday and got nervous this morning) if i am stopped out so be it and i will wait for the next entry long as long as we have a breakout from 1360 in place. Sticking to a plan that i trust helps me remove a lot of the emotion which leads to chasing price and switching between long and short positions at just the wrong time. I blew out a couple of accounts that way and have learnt not to have my eyes glued to the price movements intraday.

Aug 1, 2019 - 11:47am

a new thread

was just posted

Joseph Warren
Aug 1, 2019 - 11:46am

Thanks Mavens and Doc J

for that Kipling poem and the explanation of copybook headings.

If not richer today in terms of quoted paper PM ‘prices’, at least we’re enriched by that great writer’s work. (I love his sense of humor when pointing out the foolishness of men.)

Libero
Aug 1, 2019 - 11:35am

I 'm glad I stayed the course and away from the short side.

Shorters whip sawed by yesterdays sell off only to see this powerful (yes powerful) reversal. I have felt that sickening plunge on the other side -buying a miner only to see it plunge the next day.

It must a a bull market.

lakedweller2
Aug 1, 2019 - 11:15am

Miners Green

Based on the status of my miners at 10:15 CST, I only need 17 similar days of performance to get back to where I was last Wednesday, a week ago.

lakedweller2canary
Aug 1, 2019 - 11:11am

Central Bank Policy

Interesting that the thing that came to your mind after my description of PM fundamentals was Central Bankers. I rest my case...

NW VIEWdangerkitty
Aug 1, 2019 - 11:05am

August 10 being the 9th of AB (AV) in Jewish History.

A big day in the past, both temples being destroyed upon that date. Will anything happen on this one? Who knows? They do not have a standing stone temple in Jerusalem to destroy, and the Lord surely will not build one for them,however in time, they probably will.

<<<<<<<<<<<<<<<

Tisha B’av (The Ninth of Av) is a day of mourning and fasting. The holiday commemorates various tragedies that befell the Jewish people throughout history, particularly the destruction of the two temples in 586 BCE and 70 CE. It is believed that many of the tragedies remembered on Tisha B’Av actually occurred on this date. Tisha B’av is the culmination of a three-week period of mourning.

See the full post:https://toriavey.com/what-is-tisha-bav/#YwPAf2XlVYzLS0kG.99

allenb757
Aug 1, 2019 - 10:56am

These "burgers" were recently

These "burgers" were recently served up for dinner where i work to give the veggies an alternative to beefburgers. I am not a veggie but thought i would give one a try to see for myself what they are like (i am old enough not to be worried about fertility anymore and am already starting to get the man boobs so not much to lose!) The texture was very close to the real thing but the taste was not there. They have a long way to go if they want meat lovers to switch over to this. Still a limited customer base once the curiosity phase is over.

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AGXIIK
Aug 1, 2019 - 10:54am

575 Beyond Beef is beyond belief

It starts with the best intention*

Done to save the earth

That thing that they will never mention

Is the desired dearth of birth

If you plan to reduce the population

War's the worst in it's redundancy

To further reduce the human iteration

Kill that desire for fecundancy

Gross castration works for a little while

But some men are sure to protest

Chemical castration is neat in its guile

It's now clear this method works best

Some GMO here; a bit of soy there

The women grow cocks and the men have no hair

The whole world indulges in digital sex

As the New World elites build Edifice Wrecks

*A mandatory mantra taught to the gender confused kiddies in grade 1

Administered by the Education division of Soylent Corporation

Eloi Division

As a side note I am absolutely certain that with a little digging we will find Beyond Beef is another manifestation of CIA and it's investment division In Q Tel or some other government agency that funded this venture

Additional, the ridiculous stock valuation is certainly a result of government stock price manipulation and rigging designed to make BNDY seem like some miracle business when in reality it's a mediocre performer selling for well in excess of 100 times its revenues. It's bleeding cash like a stuck pig while acting like a cash cow

Hopefully it'll be killed by the market that selected unicorn stocks like this one for the slaughter house.

Label it

Not fit for human consumption

Aug 1, 2019 - 10:39am

@ Mavens

Thank you for sharing that poem. I was unfamiliar with it. For myself (and others), I had to look up "Copybook Headings" though I sort of knew what the "marketplace" was about...

"The "copybook headings" to which the title refers were proverbs or maxims, extolling age old wisdom - virtues such as honesty or fair dealing that were printed at the top of the pages of 19th-century British students' special notebooks, called copybooks. The school-children had to write them by hand repeatedly down the page. However, the marketplaces were areas that dishonesty and immorality ruled. The Gods (or principles) of the marketplace represent selfishness, reckless progress, over-indulgence and a failure to learn from the past." (from Wikipedia)

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