It’s always nice to look back and say “man I really nailed that trade”. But it’s the “knowing why” that makes the big difference between being a decent trader….and a professional trader. Was it just dumb luck? Was it a once in a lifetime “tip” from some guy dressed up as a gorilla?
Was it the hours of planning? Months looking back at longer term charts and trends….factoring in “macro global factors”, plotting areas of support and resistance and working thru best practices in money management?
Obviously the latter, with a few “ringers” in there, generally providing me with the information I need to make good decisions and trades.
I look at Japan, and I see a stock market that likely topped out a full year ago…and is just about to put in a “lower high” on long-term monthly chart. This lower high ( once confirmed ) should lead to a large-scale move lower in both Japanese and “global equities” as well the continued demolishing of The U.S Dollar. ( How many days ago did I make this call based in currency market movement?? ( a full week ago while many analysts are just now coming out with the news ).
We have arrived at the turn.
A large-scale turn on long-term charts suggesting that indeed….gold and silver ( now very much confirmed ) will begin a new yearly cycle and that USD will also do the same ( these assets moving in opposite directions ).
Stay sharp people. Book some profits at the very least.