Is The Third Quarter High In Place?

Joining us today is John Bougearel, author of the renowned book Riding the Storm Out. Enjoy as Jon states his case for why the third quarter high may already be in place. As always be sure to comment and let us know your thoughts.

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The problem with being perpetually short is the need to be willing to be perpetually chased out of the market for an untold number of short-covering rallies. This strategy works well for nimble traders that have a great feel for market behavior. The reason I start this report off with the saying “if you’re not short already is that you will indeed risk missing the turn. We got a lot of ground to cover, here, so let’s start with the big picture on the weekly charts, then move right into the daily and intraday charts. Continue reading "Is The Third Quarter High In Place?"

Why losing traders look for methods that win 80% or more of the time

I'll get right to it...this post from Bill Poulos from Profits Run is excellent! We've all been in this situation, where we look for a great methodology for our trading style, look at published winning percentages, and then cry when it completely blows up your account...yes we've ALL been there! In Bill's new article he helps you figure out the solutions. Bill's expertise really comes through in this article and he's just released his “Risk Eraser” technique video so check it out today!

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While doing research on the current state of the Forex trading landscape, I discovered something surprising.

Losing Forex traders appear to be enamored with 'winning percentages' when selecting a forex trading method.

The irony in that statement should be obvious -- if the 'winning percentage' of the forex method is so important, how can these traders still be net losers?

Because, I believe, winning percentage is the wrong concept to focus on. In fact, I find winning forex traders look for methods that have winning percentages closer to 50-60%. And, they also have one more 'secret' that losing traders DON'T have.

Continue reading "Why losing traders look for methods that win 80% or more of the time"

A Triad of Commodity Based ETFs

The debate over whether we are headed towards inflation, deflation or stagflation is not likely to end soon. But the technical analysis video below, produced by Michele Schneider from Marketgauge.com, shows you triad of commodity based ETFs (USO, OIL, DBC) and how and WHAT to trade in any economic climate.

VISIT THIS LINK TO ENJOY THE VIDEO

Please feel free to comment below.

Rock Paper Scissors - A Trading Analogy!

Sometimes you hear something and you have to do a double take, or a double listen. This is one of those times. I've know Lance Beggs from YourTradingCoach.com for a while and he sent me an email last week with 'Rock Paper Scissors - A Trading Analogy' as the title. I was hooked so replied, he got back to me with his short explanation, and I quickly told him to write it down in article form for the Trader's Blog members to enjoy...so please do and feel free to ask Lance any questions in the comment section.

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Yeah... I'm serious!

Rock Paper Scissors!

I know all the other trading educators are talking about poker and the lessons it provides in position sizing and trader psychology. I'd love to sound really cool as well and talk about No-Limit Hold 'em, or Aces over Kings, or all manner of other great-sounding terms. But the fact is that I don't know the first thing about poker. And I figure I'm not the only one.

So, here's one for all of us non-poker nerds... a game that everyone should know, which also provides an excellent lesson for traders.
Continue reading "Rock Paper Scissors - A Trading Analogy!"

Why Trading Forex Now Beats The Stock Market

Today's post is from an old friend, frequent blogger (see previous posts), and trading expert Bill Poulos from Profits Run. With Bill focusing a ton of his time on Forex, and with the Forex market getting so much attention, I wanted to ask Bill to come and give us some of his latest insights into what he's found. The article below is a great one, and if you have time I'd highly recommend checking out his new "Risk Eraser" technique video!

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You've likely heard the term Forex lately -- it continues to be the hottest trading trend today. That's a trend I believe will continue but today, I wanted to take a few moments to point out why as well as how you can best take advantage of trading foreign currencies without being taken advantage of.

Just a couple of years ago, the foreign exchange markets were dominated by the big brokers and major banks around the world. Today, the 'little guys' have gotten in on the action -- and the growth in currency trading has increased from $1.9 trillion to nearly $3 trillion in that short space of time (that's the average daily turnover in the markets - a 50% growth in turnover).

But why should you trade Forex?

Continue reading "Why Trading Forex Now Beats The Stock Market"