14 Coronavirus Myth Busters

You must have received a heart warming message about how people are coping amid this pandemic that has taken the world under its grips.

Yet others might have shared a scary clip of someone really sick or something like that. But the ones that concern me the most are the "supposedly" helping tips and tricks.

But just how much of that is true?

For some reason, we the human race, have an obsession with lying. People always look for ways to deceive others.

Some call it "humour" other's really want to hurt you. Yet there are others who do these lowly tactics for some financial gains.

At this moment there is no better place than the WHO.int (World Health Organisation) to look for when it comes to obtaining correct information about this awful Coronavirus and the Disease Covid-19 Pandemic.

I thought I'll share some of the infographics shared by the World health organisation. Here are some of the

Here the Top 15 Myths about Coronavirus Covid19 Pandemic



Myth Number 1:

COVID-19 virus can be transmitted in areas with hot and humid climates

From the evidence so far, the COVID-19 virus can be transmitted in ALL AREAS, including areas with hot and humid weather. Regardless of climate, adopt protective measures if you live in, or travel to an area reporting COVID-19.


The best way to protect yourself against COVID-19 is by frequently cleaning your hands. By doing this you eliminate viruses that may be on your hands and avoid infection that could occur by then touching your eyes, mouth, and nose.



Myth Number 2:

Cold weather and snow CANNOT Kill the new coronavirus.

There is no reason to believe that cold weather can kill the new coronavirus or other diseases. The normal human body temperature remains around 36.5°C to 37°C, regardless of the external temperature or weather. The most effective way to protect yourself against the new coronavirus is by frequently cleaning your hands with alcohol-based hand rub or washing them with soap and water.


Why You Need to Learn to Use this Tool

Hi

I hope you're all doing great, staying safe, staying in doors and washing your hands often.

RISK MANAGEMENT is the Key. As traders we know this. You don't have any chance of survival, in the trading world, unless and until you understand and apply correct risk management rules into your trading plan.

Your Trading Strategy must address Risk Management first and foremost. This is what it's all about. you want to know exactly how much can you possibly lose before you even consider setting an order to enter the market .

Likewise, in life, we need to STAY SAFE. And now, more than ever, we all should do our bit. Specially because these days its not about YOU only. It's about the rest of us as well. You SAVE lives by staying safe.

Today, the least selfish thing you could do is to STAY SAFE. Be very selfish and keep yourself selfishly safe from the virus. This would be your biggest, greatest deed to the entire human race.

I'm sure you're staying home. And probably getting bored. However if you were part of  our AIMS Live Trading Room, chances are you'd have something to do. A bit of laugh and lots of Trade Ideas.

Today Jasmien did it again. Well, she filtered something and when I asked her why. She went bonkers. lol

So I thought I'll explain this matter in a video. Here is the video.

In This Video Tutorial:

1. Learn how to Draw Target Zone
2. When and how to use Target Zone to filter signals
3. What is the correct Setup pattern
4. How to count waves using correct number of bars on the AO
5. Multiple time frame manipulation to count elliott waves within 10 seconds or less


Coronavirus Covid- Crash and Negative Effects on Investment Funds

Watch 10s Elliott Wave count of the DAX 30 All Time 

WATCH VIDEO



The world is in grip of this Pandemic. 

The Covid-19 Coronavirus is spread faster than the fires of Australia. 

It's killing people and scaring the rest of us. I wish you all good health and hope you stay safe.

Meanwhile, the global markets have responded to this calamity in the most predictable fashion. Of course, traders and investors are worried.

The Advantage of Traders over Investors:

Investors, the longer-term investors get a beating during these market conditions. On the flip side, short term traders can make tons of money from these markets.

In fact, we have lost 25% of value in our Children's Fund accounts. Last month my Son's Account was at 38K. Today at 28k. The fund has suffered a 25% drop. But that's not the fault of the fund. The whole world's stocks and funds are losing money. Trillions are getting lost by the hour.



Luckily though, trading the DAX30 daily, we should have recovered more than we have lost. Short term traders MAKE money during crashes. Long term investors lose half their accounts. 

I did a quick analysis of THE DAX30 using the 10s Elliott Wave method. BAD NEWS is always connected with WAVE C. Find out how this pandemic sits within the count of DAX 30.



The First Rule of Investing is ...

Warren Buffett is the most successful investor of all time. Yes, there are other great investors and traders but Warren still remains the favourite for a variety of reasons. However the best quality he's got is his way of simplifying things. He kept it very simple. E.g. we have Ray Dalio, an amazing personality and hugely successful. But nothing is simple in his world. The same could be said about Paul Tudor Jones.

I came across this talk today and I thought I'll share with you. Please watch and think.

Knowing something like this as early on, in your life, as early as possible, could have dramatic effect over you and specially your financial worth in life. I can only imagine the effect it would have made on the lucky people who got to see this talk back when it happened.


Why is this a perfect setup one - Slippery Oil

Oil slipped downwards on Friday as the market gets worried about demand for fuel. The market expects lower demand due to the global worry about the coronavirus outbreak. It's a serious threat to the global economy, some say. The market's worry is heightened by concern over non-Opec crude producers not yet having agreed to cut output further to support prices.

The Organization of the Petroleum Exporting Countries (Opec) on pushed for crude output be cut by an extra 1.5 million barrels per day (bpd) in total until the end of 2020. The call came ahead of an Opec+ meeting scheduled for Friday in Vienna

Brent crude fell 47 cents, or 0.9 per cent, to $49.52 per barrel by 0223 GMT, while US West Texas Intermediate (WTI) was down 42 cents, or 0.9 per cent, at $45.48 per barrel.

This drop created a Setup 2 for AIMS traders. If you wanted you could have taken the trade without knowing what the world or analyst say about it. Because here it is.

The picture below shows what a setup 2 looks like and how you could have taken this.



WTI also fell but not before alerting us. The 4 hourly chart created what I would call the Perfect Setup 1. Here are two reasons, at least, why this is the Perfect Setup. Check the chart below


The picture above is a perfect setup 1. And you did not , seriously again, you did not need to know these news I'm giving you. All you needed was to LOOK at your chart and Look for the Setup 1 or Setup 2 signals.

Anyway the news goes as follows:

Some experts on Oil thought or expected Moscow to ultimately endorse the agreement.

"If it says no, the entire union could collapse — and with it any new bilateral trade and investment deals in the pipeline as well as the strategic influence Moscow has secured by participating in the production agreement," RBC Capital Markets said in a research note.

"There will be a flurry of high level calls between Moscow, Riyadh and Abu Dhabi to get the deal done."

And if that happens and continues, we might see some more setups on your chosen time frame. So far the Daily Time frame is bearish. Under such circumstances, volatility is high AIMS Setups will continue to through money in your pocket over and over and over again. STICK TO THE PLAN...