July 2, 2020

The founders of Midas Touch Consulting meet regular to measure the highest probabilities of the future market. We focus at the big picture. Usually, the latest and greatest, meaning recent events  shape and reshape this outlook. Not this time. Quite the contrary. We might all agree that there is a high likelihood of a devaluation of fiat currencies at some point. This based on it being  likely that the constant new printing of...

June 30, 2020

When reading fiction of time travel into the past or watching movies about time machines one theme dominates. The people who travel back in time worry immensely about how their behavior alters history. They fear about all the consequences of what they do when they are in the past, that will happen in the present. Nobody thinks about the huge consequences that much of what they do today, might have in the future. We encourage t...

June 24, 2020

Why screen exposure and overall experience is so needed in the field of trading is related to the fact that the market has a high degree of variability. It takes years to have seen at least a good part of the various things the market can do. If you do not have this lengthy exposure then you will be surprised or in doubt or otherwise emotionally stimulated each time the market throws something new at you. You will automaticall...

June 18, 2020

Trading is often compared to professional sports. This not only due to the competitive element. To produce outstanding performance different methodologies are required to reach elevated performance levels. Successful market participation is not achievable through a cookie cutter school program. It is highly individual in nature since personal psychology is such an essential ingredient for consistent results. Dissatisfied with...

June 17, 2020

If that be the case we’d be all rich trading the markets. No, what we are referring here to is pattern failure. Chart patterns have probabilities of how often they work. Most bet in favor of the favorable outcome of such patterns. Hence, the crowd, being surprised when a pattern fails, causes prices to run away. It can be very profitable to bet against the common outcome of a chart pattern, if as a professional, you can spot t...

June 13, 2020

Wouldn’t we all like to know how long it takes till we make money on our investments, and how high prices will go? Most investors are already happy if they do not get stopped out of a trade. That is a far cry from what is necessary. One needs high quality projection tools to estimate realistic exit targets. Without these estimates being somewhat accurate, risk reward ratios for trades and investments can’t be calculated. Risk...

June 10, 2020

Or not. One aspect rarely talked about is the psychological aspect on why there are so few winning traders. You might have heard about the trader who reached his goal to make a million dollars and  then lost most of it. Once the strongly desired goal was reached the underlying psychological belief to not be worthy of the money set in. Consequently causing self sabotage trading. Another well known example was one of the largest...

June 5, 2020

Trading and chart software provides many features. The ones most commonly used are alerts for extremes. Session opening and closes. Highs and lows of the day (week, month, year). Volume, range and price percentage spikes and so forth. Humans are drawn to drama in the news and extremes overall. It provides satisfaction to one of our most basic human needs. The need for variety. This doesn’t mean it being the best time to enter...

June 3, 2020

There are no guarantees. The constant debate if Bitcoin gets banned or rises in price or will be replaced or… Nonsensical chatter in the news and one’s mind. Nobody knows what happens tomorrow or in 10 years. The only principle about these forecasts are, that it is a lot easier to predict where one will be tomorrow versus in 10 years from now. So long term prognostics are harder to speculate on. One way to cope with this princ...

May 27, 2020

Normally the  word late has a negative connotation. Not in this case. The historical fact that silver is lagging gold can be used as an edge for investors. Being late is great. Not needing to be first translates into less risk. Gold being in a secular bull market makes it pricey to attain. Silver prices in comparison are just starting to rise. Typically silver outperforms gold later down the road.

This isn’t all. Did you know t...

May 25, 2020

This isn’t just a catchy phrase. It is the only way to riches. It is statistically proven that most market speculators, that try to blindly follow a trading recommendation fail to produce consistent results. Why?  The most difficult part in trading is execution. No matter if you trade on a neighbors hunch or a computerized trading system, it is sheer impossible to execute a foreigner’s system. You might spend thousands of doll...

May 21, 2020

In the previous century, if you wanted to be an independent market player you either worked yourself up on the floor of an exchange or had a professional trader as a mentor. Then market participation got expanded towards the internet. You still had to spend thousands of dollars for live trading courses, books and videos to acquire some fundamental knowledge. Today the whole body of trading educational materials is vast. Educat...

May 19, 2020

Here at Midas Touch Consulting risk control is our foremost goal. This requires endless hours of backward and forward testing of each individual market, sector, instrument and time frame to stack the odds as best as possible and extract trading principles that allow for best trading results. In our chartbook from May 4th we posted the following two charts to anticipate entries for Bitcoin. Both scenarios worked out perfectly a...

May 15, 2020

Ask yourself the following question. What are my top five trading/investment rules. Write them down in detail and review them. Seems like a simple question but if there is any struggle in response, it is of utmost essence to clarify. It is impossible to produce consistent results over a larger sample size without a clear measuring tool. It is those rules that need to be principle based, adhered to, stacked in the right order a...

May 14, 2020

One big aspect here at Midas Touch Consulting is wealth preservation. When the whole world writes article about the halving event we see no edge or urgency. Edges are not to be found when everybody is aware about them. Mutually you can not find truth in news per se. We encourage to rather ask quality questions that have a long term impact on an investment vehicle and find principle based answers. There is never a sure bet and...

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