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This is an excellent 5-video series about the science and psychology behind the act of making a decision. Professional traders hone the skill of decision-making and this is an excellent starting point for a new trader.
Wow, what a 2nd week of September we had!Gold and Crude Oil prices
collapsed to 9-month lows, and the Equity markets began to show their first
signs of weakness in a very long time.
Europe is dealing with a mess, and Chinese data suggests there may be
more on the way!
If you missed the action this
week, here’s your chance to catch up and be ready for next week!
European and US stock indices
ground lower all week, commodity prices fell and the dollar only strengthened
as global markets prepared themselves for next week's Fed meeting.
Anticipation is building that the FOMC will make material changes to the
way it talks about its policy exit. On Tuesday, CNBC's Fed watcher
Liesman said there was a good chance the Fed could alter or drop its
"considerable time" language next week, as both hawks and doves have
been increasingly critical of "date-based forward guidance" versus an
In Europe, attention has been squarely focused on the upcoming Scottish
independence referendum as for the first time polling data has
shifted enough to make a UK break up a distinct possibility.
In Japan, the final reading of Q2 GDP showed the measure to be even
worse than the first go-round, raising hopes the BoJ may ride to
the rescue after all, helping the Nikkei gain 1.5% on the week.
For the week, the DJIA fell 0.9%, the S&P declined 1.1%
and the Nasdaq slipped 0.3%.
“Study while others are sleeping; work while others are loafing; prepare while others are playing; and dream while others are wishing.”–William Arthur Ward
Notes for Tonight’s Newsletter:
·Today we remember 2,977 people who lost their lives 13 years ago on September 11, 2001, which include 4 airplanes, the Twin Towers, and the Pentagon. “We will NEVER forget.”
·Woah… what a trading opportunity we had today!!
·Gold keeps moving lower, tests 1235.0 while hitting ALL of our profit-targets on the way down!
·Crude Oil tumbles overnight (as we called last night) and tested our profit-target at the lows of the bear price channel before bouncing and returning back to the highs for yet ANOTHER winning trade-call on Crude Oil Futures
·Mini-Russell buyers held off the sellers for yet another session today, trading at the highs of the range and giving us fresh buying opportunities for Friday and next week.
·Overnight; Chinese Consumer Prices tumble to 4-month lows, which explains the drop in Crude Oil prices before the US Session began
·Red-Star News on Friday = Retail Sales (very important)
·Geo-political; New Sanctions against Russia are being drafted by the US, EU, and pretty much everyone else except China (shocker).
Gold has had a VERY busy week taking quite a few trades and banking us some serious profits to pad our pockets with! We have had a nice healthy down trend all week allowing the TREND Auto Trader to make some very nice trades!
We took a total profit this past week of $2,820 while also maintaining some HUGE stats for the week for the trades that we had taken!