99 Problems but the News Ain't One!!

What a Nonsense...

Well, that escalated quickly!

As most people know by now, I have a side gig as a bullshit detector.

I can be certain that 99% of what you have heard or read over the last five days about financial markets is absolute bollocks!

We have no idea if the news moved the market, or if the news at the time was given more importance because the markets moved.

Looking at lower timeframes, specifically the hourly, we have seen a deeply negative move.

This is also evident in trend levels. Remember, this is a lower timeframe, so any bounce will likely be short-lived. At least this helps to centre where we are.

Closed equity = 19.9%

Open equity = 23.1%

Stop loss Drawdown = 19.7%

I am a random dude on the internet! None of this is trading advice. This is me sharing my portfolio and trying to share how I think about things.