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TrendFollower last won the day on July 22

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About TrendFollower

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  1. TrendFollower

    Is Bitcoin The New Gold?

    I wanted to share this article with the IG Community. Up to 10% of Gold’s Assets Could Flow Into Bitcoin https://hacked.com/up-to-10-of-golds-assets-could-flow-into-bitcoin/
  2. TrendFollower

    Trend Following - Books that are a must read

    One of the books that I would like to read and finish this year is The Intelligent Investor. I am a quarter of the way through and I am reading it with an open mind. Another book is Trading in the Zone by Mark Douglas. I am on holiday for a month abroad so I may take that with me but not sure whether I will actually get an opportunity to read it. It has been highly recommended by many last year to me within the IG Community.
  3. TrendFollower

    Trend Following - Books that are a must read

    @PandaFace and @rimmy2000, I started this topic nearly a year ago which may be of interest to both of you.
  4. One of the best books I have read which is related to finance and trading is: Reminiscences of a Stock Operator This book is a great introduction to what became known as 'trend following' and the principles of 'following the tape'. Some others that I enjoyed and learnt things at the same time are: Market Wizards New Market Wizards Hedge Fund Market Wizards The books I have stated (above) are based on trend following principles for any of you that may be interested. The following books are great fun to read to get an appreciation of trend following: The Complete Turtle Trader The Way of the Turle Trend Following I know some of you will argue that Michael Covel is a marketing man and I totally accept such a point. However, the books are great for those who want to get a better understanding on a basic level of trend following. It gives the reader a basic awareness of trend following principles and benefits of considering trend following principles.
  5. TrendFollower

    Strong Trend for Lumber

    @Ludwik Chodzko-Zajko IG, thanks for this. 3:00 pm today will be interesting.
  6. @cryptotrader, these two stories may be of interest to you and anyone else who feels blockchain's biggest drivers will be in banking and finance. JPMorgan Wants to Use Blockchain to Issue ICO Tokens https://www.ccn.com/jpmorgan-wants-to-use-blockchain-to-issue-ico-tokens/ Barclays Pursues Blockchain Patents to Create Digital Currency Network https://www.ccn.com/barclays-pursues-blockchain-patents-to-create-digital-currency-network/
  7. TrendFollower

    Cryptocurrency / Blockchain - Education

    A couple of weeks ago my wife's niece came from Boston, US and she is in the medical profession. She was telling me how cryptocurrencies, blockchain, automation / robotics, artificial intelligence was flooding the medical / health care sector and health care start ups in Boston were using (above) to improve their business offerings. I have just read the link below which nicely illustrates and supports what she was telling me. US health care companies begin exploring blockchain technologies http://theconversation.com/us-health-care-companies-begin-exploring-blockchain-technologies-99926
  8. TrendFollower

    Irma Sends Florida's Orange Crop to at 76-Year Low

    Is there more juice left in the move upwards for Orange Juice? Looking at the 20, 50 and 100 day moving averages then it indicates positive price action to the upside. The chart below illustrates this point nicely.
  9. TrendFollower

    Strong Trend for Lumber

    When looking at Moving Averages then one can clearly see that Lumber's price has fallen below the 20, 50 and 100 day moving averages. This is an indicator based on price action to short. The chart below will illustrate my point. As a trend follower one must embrace both the long and short trades. So Lumber is excellent as one would have made money on the way up and now one can make money on the way down on the same commodity. This way it does not matter when the commodity is trending up or down. If you trade with the trend then it simply increases the odds of success. It does not guarantee it by any means but it simply increases your chances.
  10. TrendFollower

    Long Wheat London - Short Wheat Chicago - Potential Trade Idea

    Have a look at Wheat London chart below. Both this and Wheat Chicago have gone up. However, Wheat London has is the stronger trend hence why Long Wheat London and Short Wheat Chicago. This means that even if both go up as long as Wheat London performs better then you will profit overall even though you are shorting something like Wheat Chicago.
  11. TrendFollower

    Long Wheat London - Short Wheat Chicago - Potential Trade Idea

    I use something Sharescope. I don't want to be seen as advocating the use of another company but they are very good, especially for shares but they do ETF's, Commodities, etc. On top of that I am very 'old school' and I look at charts the 'old fashioned' way. I feel by looking at daily price action, I can get a real feel for the trend and go on that journey with it. It does not take long to look at charts and identify trends, breakouts, etc. Yes, there have been times when I have used alerts, especially if I am abroad for work or I am on holiday in another country then alerts are very useful indeed. I don't use them daily or anything but when I am out of the country then I will use alerts. Then have a look at moving averages to see if the trend is above or below 20 day, 50 day, 100 day and 200 day moving averages. I also do a lot of research to establish the reason why the trend has formed the way it has. Is there a specific reason like say a bad harvest, unique weather conditions, etc. If you look at the charts of IG's platform then the tools are there to help you identify trends both long and short. You just need to dedicate time in doing so. Investing your time can be the best investment.
  12. TrendFollower

    Bitcoin - Price Behaviour

    I have just noticed that as Bitcoin's price goes 'red', Gold's price goes 'blue' at time of writing which is 21:12.
  13. TrendFollower

    Stellar - Now is the time for IG to offer it

    When IG offered Ripple to its clients the only move was short as the 20,000% + monster rally had finished. Now it is making exactly the same mistake with Stellar except in my personal opinion Stellar has legs in the rally to come. Stellar (XLM) Skyrockets 30% to Reach 2 Month-High https://www.ccn.com/stellar-xlm-skyrockets-30-to-reach-2-month-high/
  14. TrendFollower

    Strong Trend for Lumber

    I think the short trade is the only trade on at the moment for Lumber. Normally these short moves are far quicker than the long trades. Speculative capital will begin to unwind now creating a big shorting opportunity in Lumber. The price action is telling us a story and one can make assumptions based on what we expect to happen going forwards.
  15. TrendFollower

    Gold and Silver - Turning Bearish?

    Gold hit $1220.94 and Silver hit $1538.8 Platinum looks horrendous!