Advised #5: Mission, Vision and Philosophy
also, the difference between a trading education vendor and an entrepreneur trying to better the lives of people
Hi this is Derek Frazier from Mexico City,
If you’ve been beaten by trading mentors or gurus before, it’s not your fault, it happens to us all. But dont become sullen and angry that you’ve been duped. Be angry that you once again forgot that no-one will come to rescue you. It was you who restricted your growth and gave yourself another round of grief. Pay attention to this issue closely and feel the energy that is about to inspire your career. You are in good hands if you believe that you can succeed long term here at Advised Trader. I believe in you and care about your development, no matter the level. Setbacks occur, regimes change and illness (oh I know) can step in at any time. Do you have your tribe? Do you remember last week’s issue on teamwork? It doesn’t matter how good you are. As Ft Benning Drill sergeants say: “dont be an individual”.
MISSION Statement of Advised Trader
Inform traders and investors about cyclitecnical factors of trade opportunities to slay.
Trade review on Gold overnight trading
This comes from LAST week’s alert on gold, and subsequent down move it had.
Mar 22 2022: Gold futures to fall to fill the gap at 1900.
It only achieved a price at 1910, from 1926 at the time of the alert, however this resulted in a break of the previous low of the previous 3 days. This was enough price movement to profit and/or put the stop at breakeven. The support held, and Gold could not penetrate the Mar 16th low, which is a probable 40 day cycle low.
Price has since moved sideways and it has considerable strength that is probably expected for the environment that the markets are operating in.
I did not pick gold for a short trade into its coming 80 day cycle low because it is stronger than expected.
Gold has faced steady profit taking for 5 days and as of March 30th, it is having a rally that is expected to fail.
The target is below 1900, the 40 day FLD projection.
How to pick stocks with cycles scans in a down market
Yesterday's Median needs to be below the 20-day FLD and the general market today needs to be doing badly. The scan has been valuable this week, writing this on Wednesday morning 4/6/2022… watching NASDAQ fall at least 2% on Federal reserve comments this week. So immediately open the charts and scan for weakness from yesterday, where it is likely stocks will want to complete their 40 day FLD projection this week.
Shorting in an overall down market
Don't pick equities or indexes on days that are confused. Instead use the Intraswing strategy to select equities that fell through their cyclical support yesterday or the day before, that had artificial support, that is now breaking today. Because these equities are well ahead of the index in their bearishness they should perform better on the day the index is bearish.
Let's rephrase that so you can remember. Always trade weaker stocks than the index that have broken their support before the index.
For the third time: sell or go short stocks that are cyclically bearish compared to their index where they have shown their hand to be bearish before the index.
I hope that that is very clear now…
How to trade the upcoming 40 day cycle in $NQ, NASDAQ
It's probable that equities can come down near their March lows given that the Fed is implementing better interest rates here. I expect that this 20 week cycle is going to have sellers throughout, and that it will be an extremely challenging 20 week cycle of sideways action. It will be unbearable for alot of technical and value traders. However, for cyclic analysts, clarity is quite easily accomplished. The 20 day FLD projection is at 14000. Any move down in the NASDAQ can be expected to stop there short term, to pick up buyers then TURN UP.
Im watching for buying imbalances at that level and absorption at hourly lows when it hits 14000, for a move up, but not necessarily above the recent weekly highs. I was recently bullish but after the Fed comments putting in a little fundamental interaction with the cycles, I am less so.
Using the concepts that I've described above will assist traders in staying positive and getting alot of experience watching the market for shocks, changes of direction and liquidity tests, including unexpected or leaked news items.
Again, the way to play the next week is to watch scans that are showing weakness as the market is doing well, those will be the targets for the next time the market is weak. This cant be back tested. This is discretionary stock picking and requires laser focus that you won't be able to execute without a good team. It's a good thing I am building this team for you to participate on. So take it easy and watch your account, protect yourself until you have the correct scans and cyclical analysis tools.
Financial writing review: "Bear cave"
I can't believe people are paying $44 a month to see comments from traders on balance sheets, firings of CEOs, and litigation… on bad stocks. Its from the critically acclaimed “Bear Cave” by Edwin Dorsey
Seriously I'm not jealous I'm just trying to figure out how investors actually read this stuff and make trading decisions off of it.