October 2020

Hello and welcome to the October edition of the Safety in the Market newsletter.

We’ve now entered the final quarter of 2020, a year that has provided many challenges across the board, while at the same time providing some excellent opportunities for trading as well. Even at this stage, I’m sure we’ll all remember the year 2020 for a long time to come, however with the US elections approaching and a ‘no-deal’ Brexit potentially getting closer, there is still plenty of time for 2020 to throw some more curveballs at us.

For me, 2020 has really highlighted the value of trading as a skillset. We’ve sadly seen plenty of businesses forced to shut their doors during lockdown (with some never to open again), but it’s been pretty much business as usual for traders: we work from home, we look for strongly trending markets or strong setups, and we act when we get a trigger to act. I’ve never been more grateful for my trading skills and knowledge that I’ve acquired over many years!

For those who would like to take their trading to the next level in 2021, registrations are now open to join our coaching programs for next year. Our Ultimate Gann Course and Master Forecasting Course coaching give you the opportunity to explore these courses over a full 12 months, with monthly lectures, monthly live sessions, mid-month updates, as well as unlimited email support from me. Plus, we also have one or two planned surprises for next year which Di won’t let me announce just yet… If you’d like to join us, please send an email to di@safetyinthemarket.com.au to register your interest.

Let’s move on to the articles now. This month, Rob takes a look at the recent bull market on Gold, breaking down the ranges of the market to assess “where to?” from here. Remember, David said that “it is from yearly or seasonal RANGES that you get the ability to call the big moves, there is no other way”. Then, Aaron discusses how he handles sideways markets, while Andrew takes you through a simple way to explore the big picture on your market at the press of a button.

Let’s begin!

Actions have Reactions

With every action in the market there is a reaction. Newton’s Third Law of Motion states that “for every action, there is an equal and opposite reaction”. The size of the reaction is equal to the size of the action. For the students who have spent time studying Gann’s sections of the market, Tubb’s Law of Proportions and Jesse Livermore’s Key, what these theories have in common is that they are comparing sections, ranges and runs of the market with another section in order to identify the strength and weakness within the position.

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When to Change Perspective?

One of the hardest aspects I found when starting out with markets was when to make changes to a plan and under what circumstances? This statement can be misleading as it suggests changing our plan is a bad thing. If 2020 has taught us anything it’s that we need to be adaptable to what is unfolding in front of us. Applying the same trading plan in the wrong environment can lead to losses and frustrations. The example I can draw most parallels with currently is sideways markets.

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The Plus Key

Often throughout the Safety in the Market course materials, you will hear us talk about engaging the “big picture” in our trading analysis. And this simple article can lend a hand when it comes to that, with just a few little key strokes. Feel free to open up ProfitSource and take the steps as you read the article.

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