Folks Aunt Bee, A.K.A. Janet Yellen, loved her freshly baked Blueberry Pie! It was very sweet and full of starch and calories! Just how the markets love it! But too much of a sweet thing; -in this case over 8 years, can wreck havoc when it comes time to get a physical check-up! We are currently in a market that is controlled globally by Central Banks. We all know how this musical dance will end; -very unpleasantly for those stuck without a chair to sit in when the last note is played! For our members, we will take a agnostic approach really not caring for bullish nor bearish action. We follow where prices want to go and take profits when the directional bias proves us correct. Following price action is a higher probability trade than trying to guess where price action will go, especially in these markets where we have days of “good news is bad news” type of thing…here is my current take on this past week’s price movement given the BoJ and the FOMC’s Policy Statements;
Don’t Be A Rat Brain Trader — Trade Smart !!