John Piper has been trading markets since the mid 80s, mainly writing options but also trading futures, spread and binary betting. The highlights have been trading right through the '87 Crash (mainly selling put options - hence the lack of hair!), annual turnover exceeding £2m of option premiums on his personal account, managing money in excess of $1m, winning a TV trading contest, and generally spending far too much time glued to screens.
The price action on £/$ has formed a huge triangle over the last five years, which is illustrated in the chart below. Triangles are coiled springs and when the market penetrates the triangle we can see substantial moves. Gold in 2009 is a good example; Gold virtually doubled after it broke to the upside out […]
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