**Trade Alert: Short Canadian Dollar and Silver** The system got short Canadian Dollar on Friday and Silver on Friday. I had warned we might get a sale in Silver on Thursday – the market settled very close to the entry price Thursday night. You can enter both the Canadian and the Silver markets on Monday [...]
Gold on a Roll
February 8, 2012 by · 1 Comment
**New Trade Alert- Oil** We got long oil today. Oil retraced a bit once we got in the market. This market is giving mixed signals right now, and has been moving back and forth in a range for months now. Choppy markets mean tough times as a trend trader. There seems to be a battle [...]
The Week Ahead in Trends: 2-5-2012
February 5, 2012 by · Leave a Comment
No deal for Greece means uncertainty, which means a lower EURUSD. So every day of delay will tend to push the euro lower. Also, I suspect the longer the deal for Greece is delayed, the more obvious it becomes Portugal and Ireland want a deal and a better one than Greece is getting. The Euro [...]
Three Trending Markets Worth Watching Now
February 3, 2012 by · Leave a Comment
There are three trends I think worth watching right now. I follow trends, so I look at lots of different markets. And these three pop out at me as being interesting markets right now. Trend Following is a Science of trading the markets. It’s easy to understand how it all works. Entries: Trend Following Scans [...]
2-3-2012 Trade Summary
February 3, 2012 by · Leave a Comment
Gold Continued its rally. Fears of a delay in settling the Greece debt issue continued to push it upwards. The profit taking stop is moving up – it’s above the entry price as of today. Gold is now most likely a profitable trade. The Australian Dollar is on fire again. It was up more again [...]
2-2-2012 Trade Summary
February 2, 2012 by · Leave a Comment
*New Position Alert* Short Sugar as of today. The market closed lower. This market is close to some support. If it breaks through this level, the Sugar market could move much, much lower. On a weekly chart, it looks like a huge head and shoulders. The Corn and Soybeans went down a little today. The [...]
2-1-2012 Trade Summary
February 1, 2012 by · Leave a Comment
Gold continued to rally today, and the stop moved up for the position in Gold. The rally has been very consistent for that last 3 weeks. Our trailing stop will move up rapidly in the next week if the market stays at current levels. The grains rallied. As I stated earlier, I do not have [...]
