The daily chart of composite grain prices (Wheat, Corn, Beans) is forming an inverted H&S, yet the trend is strongly down. Most periods of congestion are resolved in the direction of the primary trend. $ZC_F $ZW_F $ZS_F Important #WASDE report pending today
Twitter is full of trading geniuses who are never wrong. That's not me

I take a loss almost as often as I take a profit - win rate just >50%

If you can't figure out how a trader can be net profitable with such a win rate, then you need put your money in your mattress
Quote of @DrEliDavid
This is very sad. Dr. Emrani has been a voice of sanity on Twitter
Dr. @afshineemrani, a leading California-based cardiologist, cited a study from New England Journal of Medicine (the most prestigious medical journal), that 98% of those who contract monkeypox are 🙊

Twitter locked his account for quoting the paper 👇
Quote of @MarkRitchie_II
This is an absolutely fabulous video that explains how/why traders are officially in a drawdown most of the time.👍👍👍👍👍
Not to belabor the quote from @PeterLBrandt but there is a great video from Robert Frey on youtube about how a good deal of the time markets are in drawdowns. For those who don't know he was a principle at the worlds most successful/profitable hedge fund
I've just published a new report for members of #Bitcoin Live.

See the post here >>

Gear Daddies. “I want to drive a Zamboni”
Gear Daddies playing in my backyard on Lake Minnetonka
A report for #Factormembers post was issued "Thoughts on a Weekend Afternoon, August 6-7, 2022 (issued Aug 5)". Please see here for more details.
Quote of @CNBC
SUPER HARD TO BELIEVE that any network containing the letters N B and C are willing to go public with this information. This information is not something "Project Green" would want people to know
Two-thirds of the Great Barrier Reef in Australia recorded the highest amount of coral cover in nearly four decades, though the reef is still vulnerable to climate change and mass bleaching, a monitoring group said Thursday.
Three most worthless tools for a chartist are:
1. Trendlines
2. Other diagonal lines
3. RSI and similar (exception is triple divergence of RSI and price)
Chart below is map to new galaxies discovered by the Webb telescope
Quote of @QTRResearch
This was funny more than a year ago when $BTC was making a top at $57,000. It is still one of the funniest TV segments ever produced and will be forever more no matter what Bitcoin eventually does @saylor @billmaher
This is what reality sounds like
Drawdowns are inevitable in trading. Not a question of if, but a question of when, how often, how severe. It is how a trader understands and reacts to drawdowns that determines his/her future as a trader.
A report for #Factormembers post was issued "Thoughts on a Weekend Afternoon, July 30-31, 2022". Please see here for more details.
Gold #GOLD $GLD $GC_F held the lower boundary of a 23-month rectangle (yellow) that will serve as the Handle for a massive C&H. The bull market has started. Prices head north. Target headed to $3,000+ over next couple of years
The shorts in just about every market are getting caught with their hands in the cookie jar. Metals, cryptos, stocks, commodities
Quote of @DavidBCollum
So, what if a squash self identifies as a carrot orbs potato or even a raspberry or even a non-binary food item
If you think all life is precious then you will be intrigued to know that your DNA has a 30% overlap with a squash. That squash has the right to live as much as you do. Vegetables are sentient beings, often found in DNC focus groups.
A report for #Factormembers post was issued "Thoughts on a Weekend Afternoon, July 23-24, 2022". Please see here for more details.
I just posted a new video to Bitcoin Live. This is a member post.

Link to video >>
Quote of @RaoulGMI
Yes, this is quite incredible. I traded Corn $ZC_F and Beans $ZS_F and Wheat $ZW_F in 2021 at the same absolute price levels at which I traded them in the 1970s. I expect price levels to ratchet to higher zone within next few years
Final charts for the day!

One of the greatest stories of technology that goes unappreciated over the last 50 years is that of the technology revolution in agriculture. World population has doubled while real age prices have fallen 87% (ignoring 1974 spike). 1/
Do you all know the words to the fourth stanza of "Running in the Shorts" $TSLA
I own Bitcoin and accept most of the current bullish narrative
However, we go out on a ledge to assume that $BTC will forever represent the pinnacle of human ingenuity and achievement and that humanity will not surpass its essentials
The chart of Dec European Carbon Allowances is experiencing a possible downside breakout of a diamond chart pattern. $ECF_F
Quote of @chigrl
A small dynamite charge would also do the job
LOL...seems the climate activists have taken things to the next level in with quick concrete

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💰 Love #crypto? Join our community and discuss the hot new virtual currency. 👇
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