ETF Webinar

Wow! I just finished watching the ETF webinar I told you about the other day from my friend who used to manage trades over 50 million. And, I’ve got to say, that in all my years in the trading business, this is the most content rich webinar I have ever seen. No hype, only hard core trading truths that not everyone is going to like.

ETF Webinar

What shocked me most is when he PROVED his system works on anything that produces a chart, including forex! Just his advanced position sizing tip alone can double the returns of ANY forex system. Some of the other content was the fact that he and his hedge fund buddies used to hunt stops.

Now he’s teaching “civilians” how to make money off their tactics. If you are new to trading, this hour could save you thousands of dollars over the school of hard knocks. Those who don’t get information like this risk having their whole investment account being wiped out, before they’ve really had a chance to trade. Don’t miss out - Click here to register for this free ETF and Money Management Webinar that you can access right now

ETF Webinar

For trading veterans I can guarantee you that the advanced position sizing tip is a golden nugget you’ll use for increasing profits and decreasing risks in the years to come. This one tip could double your profits regardless of what your entry system is. The one tip alone can turn any average system into a winning system. In the webinar he covers:

- How to maximize your winners while risking only 1-2% per trade.

- Why most traders have it backwards when it comes to risk.

- How to eliminate 95% of trading stress and emotion.

- Why most traders have it backwards when it comes to winning percentages.

- One of his four proprietary profit target strategies.
He’ll just give you this valuable tip for listening in Wednesday.

- How to avoid being vague with your entries and stops, like those “gurus”
who say,"Buy a few cents, ticks, or pips above ___."

- A little known, no cost, scanner tool that can help you improve your trades, now.

- A complementary excel sheet that does ALL the math for you.You’ll be able to
easily see the optimal position size and risk vs. reward ratio on all your trades.

- Even how to become a professional money manager and
raise millions, if you so desire.

That last one really surprised me. Because I know that if you really want to make millions in trading the fastest way is to use leverage with other peoples’ money, when you are ready. One of my friend’s former students John Vasquez now trades over $8 million. He also runs the day trading room. Wouldn’t you agree that if you wanted to learn how to trade big money it would be smart to learn from people who have or are currently doing it?

ETF Webinar

There are so many reasons to attend this free webinar that I honestly believe you’re missing the boat if you don’t take advantage of this opportunity. I guarantee it won’t be a waste of your time. I love sharing high quality content with my readers and this is going to be one of the best. Over 900 people attended the live webinar on Wednesday night and 99.6% said that they learned something new that they could use immediately.

ETF Webinar

Our host has worked trades as large as $50 million during his money management career. He will share a little of his story, but most of the hour will be spent teaching you how to improve your trading.Only the next 21 people get their second live day trading mentorship regularly sold for $1,997. On Sunday night at midnight EST he will no longer be accepting new students for his one year mentorship class for a good portion of the rest of the year. Click here to register for the ETF and Advanced Money Management Seminar:

ETF Webinar

Good Trading,
Jason Fielder

Elliott Waves

Traders talk of Elliott Waves. So what are Elliott waves? R.N Elliott is famous for discovering the Elliott Wave Principle. This is what R.N. Elliott said, “Practically all developments which result from (human) social-economic processes follow a law that causes them to repeat themselves in similar and constantly recurring serials of waves or impulses of definite number and pattern.”

Elliott Waves International Free Newsletter

R.N Elliott discerned various types of wave patterns and labeled them. Elliott wave analysis tries to separate the price action into a number of waves that give valuable information about the duration of the trend. R.N Elliott discovered that there are basically two types of wave patterns. 1) Impulse waves. An impulse wave consists of five smaller waves. Impulse waves are waves that move in the same direction of the main trend of the market.

So what is an impulse wave? An impulse wave is a wave that moves in the direction of the market trend and subdivides into 5 smaller waves. Waves, 1, 3 and 5 move in the direction of the market main trend. Waves 2 and 4 move against the market main trend! They are called corrective waves.

Elliott Waves International Free Newsletter

2) Corrective waves. The second type of waves is known as corrective waves. Corrective waves consist of two smaller waves. Waves that move counter to the direction of the market trend are known as the corrective waves. Waves therefore can be analyzed in times periods ranging from a matter of minutes to days to months and years.

Elliott Waves International Free Newsletter

So what are these waves 1,2,3,4 and 5? Wave 3 is usually the longest and the strongest wave. In wave 1, the currency pair makes its initial upward move. In wave 2 the currency pair is considered overvalued.

Many traders fail to count the waves when doing Elliott wave analysis. The most difficult part of Elliott wave analysis is correctly labeling and counting the waves. Elliott discovered that each wave whether impulse or corrective subdivides into smaller waves or is part of a larger wave.

You should have by now understood that wave counting is quite subjective. It usually results in as many forecasts as there are Elliott wave forecasters. An incorrect wave count however, will give a wrong forecast. A correct counting of the waves can help the analyst to achieve amazing accuracy in forecasting the market.

Is Elliott wave analysis useful? There are many traders who believe in the Elliott wave principle while there are others who don’t. Some people say that Elliott wave analysis is useful only in hindsight meaning it is not useful in predicting the future course of the market. However, majority of people who have used Elliott wave analysis strongly disagree with this proposition.

Elliott Waves International Free Newsletter

As a trader you should understand what does Elliott wave principle means because you will come across this term in lot of places even if you don’t want to believe in this principle. An understanding of Elliott waves still have value because it brings to the investor a strong historical perspective even if you are not interested in Elliot wave analysis as a trading technique for short term profits.

The law of markets and the law of gravitation are almost similar. Anything that goes up must come down. The same thing applies in the markets. Markets that go up eventually do come down. Markets never go in one direction. The sheer power of the Elliott wave analysis as a forecasting tool creates a great deal of confusion and worry about the market.

Elliott Waves International Free Newsletter

Some people strongly believe in market timing. There are people who say that market timing is the trading method of the 21st century. It is up to you to make a decision whether market timing should be of consideration when you make your own investment decisions. The followers of the Elliott Wave analysis believe that market timing is of critical importance in investment decisions.

Elliott Waves International Free Newsletter

Range Trading

Range trading is one way to trade the currency market when there is no trending movement in the market. There are times that might last for prolonged periods when the markets are not in any major trend and are only moving sideways swinging between two extremes. But first let’s define what these terms mean. So what is a range? Generally a range is a type of price action bounded on the top by a resistance level and on the bottom by a support level. Some would characterize the price action during a range as sideways or horizontal. Ranges are periods when the markets move up and down without any clear directional trend.

So when the market is in a range, the price action is swinging between two almost horizontal lines. Range trading simply involves identifying and profiting upon the turns within the horizontal trading range. It is between these support and resistance levels that the range trading opportunities lies.

In trend trading, once you have identified a trend forming in the market, you try to enter it as early as possible and ride it as long as it lasts to maximize your pips. Range traders do not let their profits run the way the trend traders do. These turns are also considered swings so the techniques of range trading are often an important component of swing trading strategies.

Since a range is usually bound by two extremes, traders especially those that trade trends consider range trading to be much lower profitability method. The primary reason is that the upside in range trading is necessarily capped at the other side of the range. So when you do range trading, you have to be clear that the profit potential in range trading is limited unlike trend trading.

For example, a 20 pip range that forms on the GBP/USD pair during the Asian Session is not really worth range trading. To tell you the truth most of the time, the market is in a consolidation mode or ranging mode. It is only moving sideways. If you are a trader who makes a living from trading than what to do during such times when the market is not trending and only ranging. Of course learn range trading. Range traders can overcome the dilemma of lower profitability and increase their potential upside by setting a minimum threshold in terms of the height of the ranges they are willing to trade.

20 pips potential profit is not sufficient to justify the risk of range trading in simple terms. The height of this range is too small to make it worthwhile as a range trading opportunity. But this may be the best time for scalping. 3-5 pips gain per trade can be easily made in such a range. However, a 300 pip range can definitely offer an abundance of good potential range trading opportunities.

A profit target on the other side of the range would offer a higher probability trade from a risk/reward perspective if the stop losses are always placed just beyond the support or resistance level from which a range is bounded. Therefore a prudent range trading criterion should include some minimum height of the range.

So the important characteristics of a range is being bounded by two horizontal lines on upside as well as the downside. Once the height of the range is established by at least two approximate touches of both the support and the resistance preparation for range trading should begin. Most range traders will use the common horizontal lines on their charts as the support and resistance for the range.

Bollinger bands are used to measure the volatility in the market. The more volatile the market the more apart the two bands will be. Bollinger bands can be very helpful in trading ranges that do not have strictly defined upper and lower bounds. You can use the dynamic bands like the Bollinger bands to outline these levels.

There is always a simple moving average (SMA) that runs through the center of the two Bollinger bands. You should be careful with the slope of the simple moving average (SMA) running through the middle of the band to ensure that it is flat or near flat when using the Bollinger bands to define a range. Only then you can be confident that a horizontal range is indeed in place.

Range trading involves identifying the points when the price action turns and reverses direction between the two horizontal lines. Go short at the resistance level when the buying pressure loses momentum. Go long at the support level when the selling pressure is overcome by the buying pressure. You can simply use common oscillators like the Stochastics or RSI (Relative Strength Indicator) to help identify potential turns at or near support or resistance when you have established a range.

You must have heard the terminology of the stochastic indicator being overbought or oversold. The Stochastic indicator measures the position of the currency pair compared with its most recent trading range. A Stochastic indicator identifies swing, tops and bottoms.

The closing price tends to be closer to the extreme highs of the currency pair as the currency pair price rises. So what does a stochastic indicator does? Specifically a stochastic indicator measures the closing price of the currency price and it’s high or low during a specific number of days or weeks.

The stochastic indicator is considered to be a highly accurate method of picking the tops and bottoms. The Stochastic indicator points our overbought or oversold conditions. Similarly, the closing price tends to fall on average closer and closer to the extreme lows when the price falls.

Now let’s discuss briefly what does the Relative Strength Indicator does? The Relative Strength Indicator (RSI) is designed to indicate the market’s current strength or weakness depending on where the price closes during a given period. The RSI is plotted on a 0-100 scale.

You should know this fact that the buy and sell signal levels will vary depending on the length you choose for the RSI calculation. Try different lengths to figure out what works best. However, a buy signal is usually generated when the RSI moves up through the lower band usually at 30. Similarly a sell signal is usually generated when the RSI moves down through the upper band usually at 70.

Practice with the RSI on your demo account for sometime to become familiar with its use. Most prices seem to change direction at 30 and 70. However, note that this is not a hard and fast rule. A shorter length time frame will result in the RSI being more volatile. A longer length time frame results in a less volatile RSI.

So range trading involves using indicators to generate the buy and sell signals. How do you know when to buy and when to sell in range trading? The most common method of reading these oscillators is to identify the point at which they cross the line exiting overbought or oversold which signals a possible turn in the direction of price action.

It is always good to seek confirmation of a trading signal by using another indicator. Another turn confirmation can be found at the break of an intra range trendline beside oscillators. It is still a valuable confirmation that the turn in the range has indeed occurred although using a trendline break confirmation can result into a late trade entry.

So most of the time the currency market is not trending! Range trading can be an effective method of trading when the forex market is not trending. A tighter stop loss can then be placed on the other side of the trendline break as opposed to the other side of the range support or resistance.

The best is riding the trend as long as it lasts. But as said, most of the time there will be no clear trend in the currency market. The traders can take benefit of the range trading methods during the time the forex market is bouncing back and forth between horizontal resistance and support. Range trading the bounces can be an effective trading method under these non trending market conditions if the established range has sufficient height.

USD to Go Volatile on U.S. Homes Sales and Bernanke Speech

The U.S. Dollar is expected to go volatile today on U.S. Homes Sales data and the speech by Federal Reserve Chairman Ben Bernanke at 14:00 GMT. Bernanke is expected to discuss the economic crisis and recovery. With regards to the home sales data, the figure is expected to rise to 5.03 million, up from the previous figure of 4.89 million. Forex traders should follow both of these events closely as they are set to determine the USD's main crosses for Friday's trading.



USD - Positive Economic Data Weighs in on Dollar

The Dollar declined versus most major counterparts throughout much of yesterday's trading on Thursday as U.S. equity markets rallied amid better-than-forecast data. Weighing further on the USD, the Philadelphia Fed reported that manufacturing in the region unexpectedly expanded this month for the first time in almost a year, a sign the U.S. economy is recovering. Furthermore, the Conference Board said the index of leading economic indicators rose 0.6% in July, its fourth consecutive monthly gain. The Dollar index traded at 78.331, down slightly from 78.485.

The Dollar may continue its decline today as the release of today's economic data may show sales of U.S. existing homes gained 2.1% last month, the highest since September 2008. An improvement in the U.S. housing market will further support risk appetite since the housing market crash was at the root of the current crisis.

Along with the Existing Home Sales report that will be released today at 14:00 GMT, traders should also follow Ben Bernanke's testimony, set to begin at 14:00 GMT as well, as it tends to cause great market volatility and may intensify the current bearish sentiment on the Dollar.

EUR - EUR Extends Gains as Equities Continue to Rebound

The EUR extended its gains against the British Pound ahead of a report today that is forecasted to show Europe's manufacturing and service industries contracted at a slower pace this month, adding to signs that the global recession is coming to an end.

The EUR traded at $1.4250 early this morning, from $1.4254 yesterday, and at 133.99 Yen from 134.26 Yen. Encouraging risk appetite further were recoveries in global equity markets, boosting demand for higher yielding currencies and commodities at the expense of the USD and JPY.

The French, German and Euro-Zone Manufacturing and Service data is expected to be released at 7:00 GMT, 7:30 GMT and 8:00 GMT respectively. With the recent recoveries in German and French GDPs, this data should provide an insight as to the sustainability of this recovery, and therefore have a major affect on the direction of the European currency.

JPY - Yen Boosted By a Drop in Asian Stocks

The JPY appreciated against the Dollar and Euro in today's early trading as Asian stocks dropped, boosting demand for Japan's currency as a refuge. The Yen typically strengthens in times of financial turmoil as Japan's trade surplus makes the currency attractive.

Japan's currency rose against all 16 major counterparts as Japan's Nikkei 225 Stock Average fell 0.7% and the MSCI Asia Pacific Index of regional shares lost 0.2%. The Yen traded to 93.59 per Dollar from 94.36 in New York yesterday. Japan's currency traded at 133.16 per EUR, up from 134.22. With no major news expected from Japan, movements in global equities will continue to dominate Yen sentiment for today.

Crude Oil - Crude Prices Fall Despite Global Optimism

Crude Oil finished trading at $72.14 a barrel yesterday, down $1.64, as investors felt that the commodity was overvalued. Therefore, they dropped the commodity, and put their money into even riskier assets. Traders dropped Crude for equities, as better than expected manufacturing data added to evidence the recession may be ending. Crude Oil prices also dropped yesterday, as investors realized it was overvalued, as prices soared over the previous 2 days.

In light of the continuous low demand, Oil prices have used equities to estimate the economy's progress and recovery. While Wednesday's equities rally was driven by the surprisingly low inventories, it does not appear to be the beginning of a trend, as only a sustained increase in demand can permanently bring down the inventory level, and there is still no sign for that. Therefore, if equities rise again today and the dollar weakens significantly, we may see Crude Oil prices rebound.

Article Source - USD to Go Volatile on U.S. Homes Sales and Bernanke Speech

US Dollar, Japanese Yen to Gain as China Tightens Bank Rules (Euro Open)

The US Dollar and the Japanese Yen stand to gain after China announced a plan to raise bank reserve requirements to 12%, trimming lending and weighing on risk appetite. The economic calendar is uneventful in European hours, with currency markets likely to look to stock and commodity markets to set the tone for directional momentum.

Key Overnight Developments

• New Zealand Credit Card Spending Contracts for Ninth Month
• Risky Assets Retreat as China Promises to Tighten Reserve Requirements

Critical Levels



The Euro kept to familiar territory in overnight trading, oscillating above the 1.42 level. The British Pound traded lower, slipping below the 1.65 level once again to test as low as 1.6436.

Asia Session Highlights



New Zealand Credit Card Spending declined for the ninth consecutive month on a year-over-year basis in July, by 2.0%. This occurred as the combined debit and credit card spending figure rose 0.8%. The combination of the two pieces of data might lead one to suggest that debit card spending dominated over purchases made with credit. Such an environment would be yield-negative. A drop in the demand for borrowed funds would create incentives for banks and other lenders to drop the interest rate they charge to their customers in an effort to attract business. As such, the New Zealand Dollar could be hurt in the medium run as foreigners find that the country continues to diminish their own yield advantage over others. On balance, the decline does not necessarily indicate that New Zealanders have forfeited their shopping habits. A deeper look into the data shows that the use of credit cards abroad, by domestic residents, rose 4.5%. Tourism spending, however, may be cyclical and might not necessarily indicate that next month's figure will rise.

Risky assets retreated, boosting the safety-linked Japanese Yen and US Dollar as China Banking Regulatory Commission said it was drafting a rule change that raise reserve requirements for Chinese banks to 12%, pushing firms to rein in lending. Policymakers rushed to boost lending access at the height of the credit crunch but are now concerned that these measures may be overshooting to create a speculative bubble. The Hong Kong Stock Index promptly retreated on the announcement and other exchanges may be soon to follow considering the market’s recent focus on China as the poster-child of recovery from the global downturn, promising further gains for the Japanese unit and the greenback.

Euro Session: What to Expect



The economic calendar is decidedly bare in European hours, with Augusts’ Euro Zone Purchasing Manager Index the only notable item on the docket. Expectations call for a rise to 48.0 from 47.0 in the previous month, showing that the service and manufacturing sectors will shrink again this month, albeit at a slower pace. Indeed, the pace of contraction has steadily moderated since the index hit a record low at 36.2 in February as ample global stimulus measures as well as a widespread move to restock depleted inventories helped slow the bleeding. Both of these catalysts are inherently temporary, however, and PMI readings are likely to reverse course lower in the months ahead as the weight of rising unemployment holds back a sustainable rebound rooted in private demand.

On balance, scheduled event risk does not present meaningful market-moving potential, with currency markets likely to look to stock and commodity markets to set the tone for risk sentiment and shape directional momentum.

Written by Ilya Spivak, Currency Analyst and Luis Gil, DailyFX Research
Article Source - US Dollar, Japanese Yen to Gain as China Tightens Bank Rules (Euro Open)

ETF Trend Trading With Big A

The Thursday night recorded webinar is now up. I have a huge $1,997 bonus for only the next 21 people. It was 65, but now it's only 21, so please ignore that 65 number on the webinar. On the webinar I teach:

ETF Trend Trading With Big A

- The little known position sizing trick that can double your returns regardless of what market or system you trade.

- Proof that one of my students is now trading over 8 million dollars.

- Two simple tricks that instantly remove 95% of your emotions in trading. As all traders know the emotions of fear and greed are the number one killers of traders.

- How some hedge funds hunt stops and a simple trick to avoid this from happening to you most of the time. Yes hedge funds, brokers and other individuals (not the "market") really do hunt stops.

- Why money managers only risk 1-2% per trade and still make great returns.

- Why trading is not a "zero sum game" and what this really means for the average trader.

- How to make strong profits using the daily charts and trading only 10 minutes per night.

- How Jim Rogers, Warren Buffett, and others became great traders and investors.

- What the "gurus" selling hype trading courses are hiding from you and an easy way to spot counterfeit "trading teacher" from a mile away.

- One of my exit strategies.

- How to not be vague with your entries and stops like when others who say, "Buy a few cents, ticks, or pips above ___."

- A little known, no cost, scanner tool that can help you right now.

- A complementary excel sheet that does ALL the math for you so you can easily see the optimal position size and risk vs. reward ratio on all trades.

- 7 highest dividend paying ETFs.

- Much more.

I promise it won't be a waste of your time. I share a little of my story, but most of the hour is spent on the subjects above. I will stop selling my ETF mentorship program on August 23rd for a good portion of the rest of the year. That is not marketing hype. I like to support all the new students plus I need to see if any slippage is caused by all the new accounts. I don't think their will be, but I need to double check. I fully expect the $1,997 bonus to be gone before Sunday. As you know I like to share good content with my subscribers and this is the first time I have done so in the webinar format. It is a large file so it might take a little while to load. Here is the link, it's the top video:

ETF Trend Trading With Big A

To slow and Steady growth,
Big A

Stock Assault 2.0

We are proud to announce a brand new Stock Assault 2.0 product: Stock Assault 2.0 SideKick Edition! Is the Classic Stock Assault 2.0 not Giving You Enough Stock Picks? Do You Want To Input Any Stock or Market and GENERATE YOUR OWN PICKS? Or Maybe You Want to Analyze Your Current Positions or Test Your Own Strategies? Stock Assault 2.0 SideKick Edition Gives you the Massive Power of Our AI Engine Right on Your Own Computer. Very Powerful, Very Easy to Use.Learn more about Stock Assault 2.0 SideKick Edition:

Stock Assault 2.0

This revolutionary product will give anyone an even greater edge in the stock market. The classic Stock Assault 2.0 delivers stock picks from an unmodifiable AI engine. However, many people expressed interest in being able to train and set up their own AI engine. The wait is over, Stock Assault 2.0 SideKick Edition is here today! Learn more about Stock Assault 2.0 SideKick Edition:

Stock Assault 2.0

Stock Assault 2.0 SideKick Edition Features:

* Use in addition to or as a "Sidekick" to Stock Assault 2.0.
* Run any stock or market through Stock Assault 2.0 SideKick Edition and get exact entry and exit points.
* Find out the best possible exit for your current positions.
* Analyze a stock before investing and get the best possible entry.
* Analyze portfolios and predict near-term and long-term ROI.
* Not sure whether to keep holding a position? Stock Assault 2.0 SideKick Edition will predict future movements with jaw-dropping accuracy.
* Never before was anyone able to own an AI engine like this before, we finally made it possible. We prove that knowing future stock movements is possible.
* Full product manual included. Very easy to use, just plug in parameters in the step by step wizards and let the AI engine crunch away.
* One time fee only. Free automatic upgrades. No data feed necessary.

Stock Assault 2.0 SideKick Edition is a software program intended for the prediction of situations originating in the markets and generating predictions for proper purchase and sale moments. The off-the-shelf algorithmic developments in neural net theory, together with the optimally calculated parameters of prediction models, have allowed us to create a unique software product. Complete visualization of data, the possibility of saving restoring creating new neural net models, complete on-line support and updated stock quote data through the Internet are just some of the possibilities of Stock Assault 2.0 SideKick Edition.

Stock Assault 2.0

Stock Assault 2.0 SideKick Edition will show you all the power of artificial intelligence and non-standard analytical abilities in such difficult areas as the predictability of a market change.Stock Assault 2.0 SideKick Edition is an application for traders, investors and brokers. It is an advanced charting tool with a predictive core based on artificial intelligence technology using neural networks. Stock Assault 2.0 SideKick Edition will help you to make decisions on entering and exiting the market, on buying your favorite stock or selling it at the best moment, for maximum profit. Learn more about Stock Assault 2.0 SideKick Edition:

Stock Assault 2.0

A core-complex neural network structure is used for training and forecasting. The data used for building neural network models is stock quote data with complex pre- and post- processing, noise removal, filtration, normalization, dynamic data reduction, etc. This transformed data is used for training models. Stock Assault 2.0 SideKick Edition will help you to feel the pulse of the stock market and get recommendations of the best BUY/SELL moments. The program is highly tailored and specially developed for both professional stock traders and beginners. Advanced structures, algorithms and modern research resulting in neural net modeling make it possible to offer this product specially designed for traders and investors.

Stock Assault 2.0

Applications, based on neural net technology, are often more effective, than the most professional trader. Such applications make heuristic analysis of stock market behavior, predicting a direction for the market and giving buy/sell signals on some time interval. The professional trader, using the given program, can predict with a most exacting degree of success. The program has been highly effective on the most risky securities markets, in unstable and analytically unpredictable markets. Learn more about Stock Assault 2.0 SideKick Edition:

Stock Assault 2.0

This professional application allows you to reduce the risk of investing, and enables easier decision making. The series of tests which have been carried out by professional traders, have allowed us to improve the internal structure neural net models, and using the newest algorithms, to achieve excellent results in the prediction of the movement of the market. A free online data source allows you to create models online, and update them daily... getting new recommendations for buy, sell or hold decisions. A professional statistical module can give you all details about your model's accuracy, profitability and profit ratios, ROA, PRR, etc.

Stock Assault 2.0

Stock Assault 2.0 SideKick Edition has an easy-to-use interface, which gives you the ability to create a model with just a few clicks, train the model and generate forecasting (without a knowledge of neural network theory and deep math analysis). You can create your own portfolio of models, open them, update them with new stock quotes, train, estimate accuracy and profitability, get forecasting signals, print stock charts with forecasting results and examine your current open trading positions, all extremely easily, with a user-friendly interface.

Stock Assault 2.0

Thank you,
Stock Assault 2.0

ETF Trend Trading

Before I share my new article about how I don't have a clue, I want to give you a quick heads up about my complimentary videos. My office had a few emails about how those videos could not be viewed. We are fixing the problem today and you should be able to view them all in a few hours. Make sure to click on the "flash" version of each video. Thanks.

ETF Trend Trading

I don't have a clue which way the market is going, nor do I care. One of the best revelations a new trader can get is that you don't need to know which way the market is going to move. When I say the market "should" continue to trend to this major support or resistance it is because I actually don't have a clue.

ETF Trend Trading

Trading is best done whilst knowing you are completely clueless. In that way, you can't be wrong, and pride and emotional attachment are not an issue. For those of you that have traded live money for over a month you know that false pride and emotional attachment is the killer of good trading. Can you see how admitting you don't know the future is liberating?

ETF Trend Trading

Can you imagine how all those CNN analysts and mutual fund managers felt when the market first started to crash and they said the worst was over, but it wasn't? Can you imagine how those will feel in this current up move who say the market will recover and the others who say it won't? One group is wrong and will eat their words. It's better to just let price lead and to follow it with a proven etf trend trading system.

ETF Trend Trading

It is totally possible to trade without knowing what's going to happen. In fact, I think it's the only way and that is what I teach my students. The reason it is possible is by trading with only a statistical edge and proper money management, not trading on hunches, tips or what you "think" the market will do.

Many of my students who have been with me for awhile and know my system inside and out still participate in my weekly webinars. They do it for the psychological mentorship aspect. They like to hear my "boring" statements of reinforcement such as:

- I don't know the future and I don't care.

- Don't move your stops or add to a losing trade.

- Stay patient with your winners and don't cash out early.

- Do add on trades when the system says to, if you don't you won't maximize the trend.

- All trends have some sideways or pull back movements.

- Don't worry sideways markets can only last so long, at some point a new trend will emerge and when it does be sure to follow the system and act.

- Small losses are part of an overall winning system, stay patient.

And on and on. Don't worry that part is only about 5 minutes of my two, one-hour each weekly webinars. The rest of the time is answering technical questions and looking at any charts my students have questions on.

The bottom line is that it's ok to not have a clue about which way the market is going, but it's not ok to not have a clue about trading and investing.You don't have to learn the full system if you don't want to. You could just follow some of my exact trades on my daily blog, but you are still required to buy my course to do this. I don't like anyone following totally blind. Everyone must at least have a conceptual understanding of why I do what I do in the market because if you don't you won't believe in the system as much and therefore won't follow it as you should.

ETF Trend Trading

You can make even more than my blog trades if you learn to trade the system. This is because of two simple reasons. First the blog only follows a small list of ETFs whereas you could follow the top 20-30 and cherry pick the best set ups each day. Doing this requires an extra 10-15 minutes per night. Secondly is because I teach an advanced money management and position sizing technique that should be used on all trades that have a great risk vs. reward ratio. When followed this can increase your profits by over 50% compared to the blog trades.

ETF Trend Trading

Member Testimonial:

- I'm impressed. By trading at night with the markets closed, and by having known entry and exit points, I'm less emotional, and thus I find myself sleeping more soundly. I like a coach like yourself that has been in the game and who is not afraid to post their trades and exit points in advance.

Harold P - Retired

To slow and steady growth,
Big A, Former Hedge Fund Manager
ETF Trend Trading

The James De Wet Forex Reports

I sometimes forget that my "alpha-strategies" really work and that people keep wanting them. He's totally right. I'll admit I'm freakishly obsessed about creating new opportunities for folks to profit from the Forex market in different ways. I get so totally absorbed and excited with this stuff.

The James De Wet Forex Reports

I just realised that a lot of the strategies I've given to folks in the past are still super-awesome and are still helping traders make a lot of money(I guess I'm a bit slow on the uptake here). Anyway, folks keep asking for this stuff:

1...My daily forex strategy
2...My quickie videos and updates
3...The complete G7 trading system
4...Discounts on the stuff I send you

HERE'S HOW YOU CAN GET IT ALL
Chris is going to send TRADERS CLUB MEMBERS a special link TODAY which gives you a special link to get all the material above completely free forever. I think that's pretty good news, seeing as TTC guys have been on the "back-burner" for a few weeks, and some are a bit pissed off.

The James De Wet Forex Reports

If you're a TTC member, then wait for Chris's email with the links. Don't miss it in your email inbox. This is only for TTC members. Not E75 Forex guys and gals. But hey, you don't have to miss out on this unique opportunity...........

IF YOU AREN'T A TRADERS CLUB MEMBER
You can get the whole thing here:

The James De Wet Forex Reports

At this stage, I'm not advertising this offer ANYWHERE and I don't plan to do so in the future. You can only ever get into this program if you are a past TTC member or on my special list.

The James De Wet Forex Reports

One more thing. My special reports aren't for everyone. They are sort of "ninja"
strategies for pulling big profits from the Forex market. Readers need to ACT on the stuff I send them. Don't miss out on being part of this wonderful new community of traders. See video... This video also explains the improvements we want to make to our current sites. The video is crucial though. Please make sure you put aside just 15 minutes to watch it. It does affect you directly, plus the more people that get involved, the greater the benefit to all.

Speak soon
James

Forex Decimator

Forex Decimator has already hit the maximum number of subscribers for the introductory price offer.I am happy to bring you some incredible news...The Forex Trading market is about to be changed forever...by an amazing revolutionary new robot, Forex Decimator. I have been given the chance to review and trade live with this amazing new EA...and the results it has produced are unbelievable! As you well know, I have tested a fair few robots in my time...This EA really is truly groundbreaking.

Forex Decimator

Imagine a Forex robot so consistent that it turned $10,000 into $100,000 running totally automatically on default LOW-RISK settings. Because this is what Ian Ross has managed to achieve with this incredible product. Forex Decimator uses incredible artificial intelligence to actually predict market movement and trades...It can demonstrate a 92% winning trades ratio. Most Forex robots can only dream to be so accurate.

Forex Decimator

It is also one of the few robots that has been designed specifically to thrive in the turbulent economic conditions of 2009...and finally put the small-trader at the top of the Forex tree. Forex Decimator is equipped with incredible money management rules which make trading safer than it has ever been before ensuring that your winnings will never be wiped out. Ian is convinced that Forex Decimator will revolutionise the Forex Market. It will transform your life forever.

Forex Decimator

This EA is totally unique and you may never see another robot quite like it ever again. Its revolutionary new technology means that it renders most other robots on the market both unsafe and totally obsolete. I promise to keep you posted on the latest developments of this robot. It is certain to be a sure-fire hit amongst all who trade on the Forex market. Forex Decimator has been designed to work totally automatically.

Forex Decimator

It will also make money for all Forex traders, no matter how experienced or inexperienced they may be and no matter whether they start with $100 or $10,000! However, initial indications suggest that Ian will only be making 500 copies of this incredible robot available...so you will have to act very fast indeed to ensure you get yours.

Forex Decimator

Forex Decimator has now been unleashed and is available now. This is the revolutionary new robot that I have been telling you about.It is capable of turning $10,000 into $100,000 running on default LOW-RISK settings completely on autopilot. Act quickly and reserve your copy now before all 500 are snapped up by smarter traders. Go ahead and review this very important letter right now....

Forex Decimator

Forex Decimator is a new, revolutionary robot that will allow you to profit consistently, in any condition and with unrivalled accuracy. It has a proven 92% winning trades accuracy, putting itself at the very forefront of Forex trading technology. It is proven to be able to siphon off $9,000 with just one single trade! Forex Decimator's incredible in-built money management rules mean that you will never see your profits wiped out with a single bad trade...A problem many other robots fail to solve.Forex Decimator simply thrives on the present volatile market conditions that other robots just can't cope with. It is having its best year ever in live trading!

Forex Decimator

The Artificial Intelligence this robot possesses is truly revolutionary and is your dream ticket to incredible profits. Imagine being able to go about your daily routine safe in the knowledge that your Forex market decimating machine is making you a fortune without you even lifting a finger. $9,000 profit with one single trade is quite some going when you consider the safety that this robot offers you! These are the kind of results that Forex Decimator will achieve for you! Take a look for yourself:

Forex Decimator

If you are sick of having your fingers burnt by inferior Forex robots then it is time to rid yourself of these deceptions and trade with the very best. And remember;

- Forex Decimator has been designed so that it can be used not only by experienced Forex traders but also by the little guy; i.e. the 9 to 5'ers who wish to see their income increase significantly. It also allows you to get started with as little as $100, with no technical jargon to worry about.

- Because it is totally automated, it takes just 10 minutes per week to run. Absolutely no work or experience in trading are needed.

- The robot's incredible money management rules mean that unlike with most robots on the market, you will never see your profits wiped out on a single bad trade.

The consistency of Forex Decimator is simply staggering, which can be seen in its rock-solid proofs.

- Forex Decimator has experienced years and years of careful development and nurturing with input from some of the best guys in the business.

- The robot was built specifically for the current volatile and testing 2009 market conditions, using up-to-date methods and strategies.

In fact, it has been programmed to automatically move with market conditions each and every time they change.

Forex Decimator

Ian is so sure that you will be happy with Forex Decimator that it comes with a 60 day money-back guarantee. So there really is no risk when it comes to using this EA. The only thing you risk is missing out on it if you don't act NOW! I can advise you of this much, this is a product that you seriously do not want to miss out on. Opportunities like this in the Forex Market don't come along every day; make sure that you give some serious thought to grabbing this one with both hands... and quickly...

Forex Decimator

Forex Decimator has caused a real storm throughout the Forex industry. Subscribers are profiting and seeing their lives changed for the better. Indeed, initial feedback on the product has been as positive as I told you that it would be. Imagine what you could do with an extra $9,000 a day. Hurry up and find out!

Forex Decimator

This really is an exceptional opportunity to put you at the top of the Forex trading pack and make you lots and lots of money. Forex Decimator has been thoroughly tested and configured to produce huge profits for years and years to come and can work in each and every market condition. I have now helped you as much as I can. It is now down to you to grasp this incredible opportunity.

Forex Decimator

Finally, an opportunity to seize the chance to change your life forever. I am delighted to introduce you to Forex Decimator...a revolutionary new Forex robot capable of turning $10,000 into $100,000 running on default LOW-RISK settings and completely on autopilot. I have been lucky enough to review and trade with this product... and I can confirm that this is the robot that we have all been waiting for! So, what makes this robot different? Well, the first thing is the fantastic, rock-solid, results...Forex Decimator's winning trades ratio is at an amazing 92%...which makes it a true market leader.

Forex Decimator

Forex Decimator is equipped with revolutionary new technological advancements in Artificial Intelligence...which allow it to accurately predict market movement, ensuring long-term success and rendering most other robots out there totally obsolete. These breakthroughs in robot technology will solve every problem you have as a Forex trader in 2009.

In fact, it has been programmed to automatically move with market conditions each and every time they change. It is time for you to stop wasting your cash on robots that actually lose you money. This is the real market decimating robot that you have been waiting for! The one capable of siphoning off $9,000 with just one single trade! The one that you simply cannot afford to miss out
on! Have a look at what Ian has to say below and be your own judge.

Forex Decimator

Have you ever wondered why your Forex trading has never quite gone according to plan and why you keep losing money? Forex Decimator will change all that. Forex Decimator has proved again and again that it will work consistently to bring you amazing profits. And one of the best things about this EA is that once you've set it up it achieves all these incredible results totally automatically. This revolutionary new system is perfect for those entering the Forex market for the first time... or for the many traders who have wasted their time with other Forex systems.

Forex Decimator

And there is absolutely no doubt about it; this will be totally different from anything you've experienced before. Forex Decimator really is one of the most sophisticated and advanced Forex robots on the market. It has siphoned off $9,000 with just one trade! Are you ready to become automatically rich via the Forex market I hope so because the earning potential that Forex Decimator offers you is fierce! The feedback is good, the results and proofs are good, the product is fantastic. This is a true winner! Nothing can compare when it comes to short or long-term profitability. Take a look for yourself!

Forex Decimator

Forex Slasher

I am really excited to announce a major breakthrough in the way you can trade Forex to generate massive profits on auto-pilot and with an almost 100% accuracy. This is nothing like you have ever heard before, so I really encourage you to take a few minutes of your time to read this short post -- it's just incredible stuff. A while ago I was contacted by the Forex Slasher team about a new superior A.I. that they have been developing for quite a while and that produced never seen before results. Let me tell you, their robot truly is a "superior A.I."...

Forex Slasher

I had a pick at this robot and, I must admit, I was shocked. All these years taking risks whilst trying to find the "miracle" system or piece of software made me feel so silly! Forex Slasher is like nothing you have ever seen before, during our testings it has effortlessly turned a bank of $10,000 into a whopping $378,137.49 completely on auto-pilot! What makes Forex Slasher TRULY special is the fact that is not just like 99% of the EA's out there, which are based on indicators or mathematical formulas...

Forex Slasher

That's not bad, but it's just not enough to beat the market! Why? Simply because both methods are blind. Indicators - generally - lag, because they follow the price. That means they always give late signals. Sometimes too late. Forex Slasher instead was developed by a group of REAL Forex experts and is based on a stable and powerful system, to generate the most accurate signals a robot has ever managed to achieved, based on the best indicators, trading formulas and... Extremely powerful price patterns:

Forex Slasher

And now, here is the greats news for YOU...These guys just had enough of all the "hype" and the "lies" around forex robots and decided to come out of the shadow to *proof* that a team of professional traders and programmers can indeed develop the "ultimate forex robot", the one capable of returning high profits with very little risk. But the so called "experts" have been doing it wrong all along...

Forex Slasher

And they are ready to genuinely help those average traders, looking for a REAL way to make a living with Forex, who have been let down over and over in the past. So head over to the Forex Slasher website and watch their video to find out why the other Forex robots NEVER work for the average trader and why this is your ONLY chance to get something that produces REAL results in the LONG term. Watch the video, read their secret report and take advantage of the free course "Secrets to Forex Success" (worth $97.00) that they are also handing you over on this page:

Forex Slasher

Head Fake Filter

Heard the whispering about the Head Fake Filter that is making a lot of money for many traders. Make sure to pay attention because you will soon have a very time sensitive chance to grab one of my most guarded secret techniques that have added hundreds of thousands to my bank..You may have heard the whispers about the infamous "Head Fake Filter" A filter I've given out free before my last sold out $10,000 workshop.

The past few days I've teased you a bit about one of my killer techniques, it's a filter that you can use to pull some really HUGE PIPS...Well it just wouldn't be kind of me if I didn't allow you to see the video of me explaining the technique now would it? (I couldn't do that to you). I got tons of emails asking about it, so here it is. This video will only be up for a very limited time, so don't wait, I want you to be like few others who have this in their arsenal and use it to make quick gains. Don't wait check it out here:

There were over 200 comments on the blog about it and we had tons of testimonials and you tube video testimonials about it producing KILLER gains quickly...In fact you can do a search on YOU TUBE for the term "Head Fake Filter" and some cool videos come up. Traders of all levels were able to use this head fake filter of mine to produce some very nice gains...(And the buzz is growing). I'm always getting begged to release this head fake filter again to those who have heard about it but weren't able to grab it when it was available.. (Literally, people are really foaming at the mouth to get this baby, and I understand why) Stay tuned in the next few days as I have some surprises in store, and I'm going to let you in on a big secret about this head fake filter that I know you're going to be shocked about.

Cheers
Tom Strignanos

10 Forex Trading Rules

90% of the new forex traders don’t survive their first year of trading. Many forex traders fail and empty their trading accounts before they learn how to exploit the forex market to the fullest. Forex trading is like the survival of the fittest. It is one of the hardest jobs in the world to make money and forex trading is not one of the easiest ways despite the tall claims made by many.

Harness your inner potential if you want to succeed at forex trading. Forex trading is something that should come out from within you. Success lies within you. Many times, the traders are not aware of the fact that they have the power and might to shift the odds in their favor. Some traders do succeed at making a lot of money in the forex market but their numbers are not many.

In the 21st century, the buzzword is knowledge. This is the age of information and knowledge. The main reason why traders get defeated by the market can be attributed to their lack of knowledge. You can dramatically increase your chances of success if you want to by getting good training and education before you jump into the arena.

Without knowledge you cannot succeed. Every trader wants to get hold of the Holy Grail. A lot of traders seek the perfect formula that can predict the price action with 100% accuracy. Know this there is no perfect formula or trading strategy. But if you seek knowledge you may find something that works almost like 70-80% of the time. Nothing is perfect in this world. Knowledge is the key that can open many doors. Not only you need to know and understand how the forex market works, you also need to understand your own emotions and other people’s emotions. It is not just a matter of working hard but also a matter of working smart.

So you need knowledge about how the forex markets work, how the price action takes place, what moves the markets in the short term as well as the long term. You also need a set of good rules that can help you achieve success. In fact, you need to understand the high probability trade setups and how to manage your money wisely. The ten rules that I think are important for forex trading are listed below:

Forex Trading Rules On What You Should Do:
1) Practice is what will make you perfect. This is a childhood lesson that most forget but still works in the forex world or for that matter anywhere. Practice and practice on your demo account. When trying out a new trading strategy, first test it on your demo account.
2) Record keeping is what we constantly do in our offices and our businesses. Without a record we are blind. The same applies in the forex world; always keep a record of each trade that you make. Maintain a Trading Journal that should contain a record of each of your trades. Analyze each trade in the trading journal. Try to figure out what went wrong by putting your thoughts in writing. Write about the lessons learned and how you can make a better trade in the future.
3) You will find various methods and strategies on forex trading. Learn them but in the end it is all about customization. It is all about developing your own trading plan. Develop a personalized trading plan and update it frequently as you learn from the market. See what works for you. Something may work for others but it may not work for you. Only testing it will tell you what works for you. Once something works, tweak it to improve it further.
4) Never ever trade with a risk/reward ratio of less than 1:2! Only trade when you are sure about a risk/reward ratio of 1:2. When unsure of a trade, don’t make it. Stay out! It is always better to miss an opportunity than to have a loss.
5) Keep yourself abreast of the development in the forex markets. Daily monitor the market for 15-30 minutes. Update yourself frequently about the fundamentals and technicals affecting the market.

Forex Trading Rules On What You Don’t Need To Do:
1) Always be careful with money. Rule number one never ever trade with borrowed money! It will affect you emotionally and force you to make irrational trading decisions. Always trade with money that you can afford to lose! Money that you don’t need to pay for your utility bills and other necessities of life!
2) Try to understand the method and strategy with which you are comfortable. You should be able to understand why you are getting into a trade and how you are going to get out of it. Don’t follow someone’s advice blindly. Listen to what the other person is saying but try to understand the method behind.
3) Your number one duty is to be profitable. Always cut your losses and let your winner run. Just be concerned about being profitable. Don’t be concerned about being right.
4) Don’t take the brokers bait and leverage 100:1 or 50:1. 5:1 leverage ratio is enough. Don’t try to learn it the hard way how dangerous leverage can be. Don’t over leverage!
5) Control your emotions. Trading is all about controlling emotions. Learn to stay calm and composed. Don’t try to take revenge from the market after a terrible loss. Vent your frustration somewhere else.

In trading there are so many factors specific to each trader that can influence the overall trading performance like emotions, psychology, trading time frames, money management rules, lifestyle, trading capital and so on. Some strategies may work very well for some traders but may not have the same results for other over a period of time. One of the most important things that a trader needs to learn is the matching of trading method with the trader’s own trading style and personality.

BOE Reveals Doubt over Short-Term Recovery

Yesterday's bearish behavior by the GBP was felt by many traders as the Bank of England's (BOE) Monetary Policy Committee (MPC) released the minutes from a recent meeting regarding interest rates and quantitative easing. There was a hint of dissension among the policymakers with some calling for a greater extension of the quantitative easing program which ended up pumping an additional 50 billion Pounds into the UK market recently. Fears over weak inflationary growth and market downturns have some MPC members lobbying for more aggressive measures, which puts pressure on the Pound.



USD - The Dollar Turns Down as US Stocks Rebound

The greenback fell against 11 of its 16 major currency counterparts Wednesday before a report, expected to show an index of U.S. economic indicators, rose for a 4th consecutive month. The U.S Dollar traded near a 1-week low against the EUR on speculation economic data will add to signs the global recession is easing, prompting investors to seek higher-yielding assets. The Dollar changed hands at $1.4230 vs. the EUR down from $1.4127 yesterday.

The U.S. Dollar was supported in earlier trading by declining U.S. stocks, following Chinese markets, prompting investors to move toward assets perceived as less risky.
However, the Dollar weakened against the Japanese yen, although it came off the day's worst levels, as a sharp slide by China's stock market overnight raised concerns about the global economic outlook and boosted the Japanese currency's allure.

In recent months, the USD has tended to fall as stock prices and risk appetite rises, giving investors less impetus to buy dollars as a safe haven. In the absence of fresh economic data, currencies were mostly following stock prices for direction. Traders may see more volatility and choppy trades given that not much is happening in terms of events. So any correction to stock markets could be a key driver for the USD currency.

EUR - The EUR Hits Session High above $1.42

Europe's single currency gained versus 11 of its 16 major rivals on Wednesday as economists said the Markit Economics' composite index of both industries may be the highest in a year. The index is based on a survey of purchasing managers and due for release on Aug. 21st. The EUR added to gains against the U.S. Dollar, rising 0.6%, as stocks pared losses and oil prices rose sharply. The EUR also pared losses against the Yen and was last down 0.1% at 133.60 yen, off a one-month low of 132.16.

The European currency rose from near a 1-week low against the GBP on speculation a European report this week will show manufacturing and service industries contracted at a slower pace, adding to signs the recession in the 16-nation region is abating. The British Pound weakened 0.9% to 86.07 pence per EUR and dropped 0.2% vs. the Dollar to $1.6534.

The GBP extended losses after Bank of England (BOE) meeting minutes showed that some policymakers had wanted to extend quantitative easing by more than the amount decided. The central bank is spending 175 billion pounds to buy assets in a move aimed at pushing down borrowing costs to revive the U.K.'s shrinking economy. Asset purchases require the BOE to print money, which some investors fear may lead to an oversupply of the Sterling and eventual inflation.

JPY - JPY Rises as Chinese shares fall more than 2%

The Japanese yen rose versus other major currencies on Wednesday as a fall in Chinese shares made investors cautious about returning to risky investments. The Yen climbed to its strongest level in 3 weeks against the U.S. Dollar after China's benchmark stock index fell into a so-called bear market, reigniting concern that the global economic recovery is stalling.

China's main stock index, which tracks the bigger of China's stock exchanges, slumped 4.3%, leading other Asian bourses lower and boosting demand for the Yen as a refuge. The Yen typically rises during times of financial turmoil because Japan's trade surplus reduces the nation reliance on foreign capital. The JPY also gained against all 16 major counterparts after the Daily Telegraph cited Hartmut Schauerte, the economic state secretary, saying Germany is preparing measures with the Bundesbank in anticipation of a new credit crunch wave early next year.

Crude Oil - Oil Rallies on Sharp U.S. Inventory Data

Crude prices soared above $73 a barrel on Wednesday, as rising U.S. equities and an unexpected drop in inventories propelled oil prices to finish at their highest level since early June. Oil surged as much as 5.2% yesterday after crude stockpiles dropped 8.4 million barrels last week, the most since the week ended May 23, 2008, an Energy Department report showed. Crude Oil also gained as the U.S Dollar declined against other currencies, increasing the appeal of commodities to investors looking for an inflation hedge.

Oil prices fell earlier on Wednesday, hitting a low of $68.05 after a near 5% slump in Chinese shares sent doubts rippling through global markets about the strength of the world economic recovery. Traders also watched for storms in the Atlantic Basin but no immediate threat was seen to U.S. oil installations in the Gulf of Mexico. Expectations for a potential rebound in the economy could increase fuel consumption and have already helped lift prices.

Article Source - BOE Reveals Doubt over Short-Term Recovery

British Pound Holds 1.65 Level Against US Dollar Ahead of Retail Sales Report (Euro Open)

The British Pound held on to the 1.65 level against the US Dollar after coming off the late NY-session high in overnight trading ahead of a report that is set to show Retail Sales grew for the second straight month in July. Switzerland’s Trade Balance and ZEW survey of investor confidence are also on tap.

Key Overnight Developments

• Australia Recalls Ambassador to China for ‘Urgent Meeting’
• RBA Sold A$705 Million into Currency Markets in July
• Euro, British Pound Yield Flat Result After Choppy Session

Critical Levels



The Euro stands effectively flat having spent much of the overnight session in choppy consolidation above the 1.42 level. The British Pound followed suit, oscillating above the 1.65 mark.

Asia Session Highlights



Australia's ambassador to China, Geoff Raby, was told to return to Canberra on such a short notice to participate in urgent talks considering the waning relationship between the two countries, reports have said. Moments ago, Prime Minister Kevin Rudd stated that Australia-China relations are full of challenges. Much of the diplomatic tensions came after China detained Rio Tinto executive Stern Hu in an espionage dispute. It is of some worry that trade between the two nations will suffer as a result. Grief between the two comes during a period in which the 1.3-billion person nation found itself to be the largest single country destination for Australian exports. Since the start of the year, Australian shipments to the Asian country have surged 54%. But with Australia failing to even show up in the official export statistics figure for China, it appears as though the latter has less to worry over its ties with the former.

The Reserve Bank of Australia reduced the level sold of its domestic currency in July to A$705 million after a month in which they sold a record amount, A$1.943 billion. Since the start of the year, the bank has sold a net total of nearly A$6.0 billion in the foreign exchange market. Selling has come during a period in which the Australian Dollar gained 16.3% on a trade-weighted basis and 19% against the greenback. Price action of this nature probably hurt the country's export sector in an already weak global trading environment. June, however, saw these efforts pay off after the trade balance unexpectedly shrunk for the first time since March on export strength.

Euro Session: What to Expect



UK Retail Sales are set to add 0.4% in July, the second consecutive month in positive territory. The annual pace of growth is expected to register at 2.7%, a bit lower than the previous month’s 2.9% result but certainly better than the -2.0% drop registered in May, the largest in 17 years. The metric has seen atypical volatility over recent months as rising unemployment levels grappled with rebounding asset values and government stimulus for dominance over consumer sentiment. On balance, we see the downside scenario as more plausible: fiscal support is inherently limited with the UK budget deficit already set to average over 12% of GDP though 2010, threatening the country’s sovereign credit rating; meanwhile, global equity valuations are looking increasingly overdone having finished last month at the highest level relative to earnings since 2003. Unemployment growth, meanwhile, looks far more permanent, with a survey of economists conducted by Bloomberg expecting a steady rise to put the jobless rate just shy of 9% by the end of next year. Clearly, this points to the likelihood of a down trend in retail activity for the time being.

Turning to Switzerland, the Trade Balance surplus may narrow again in July as exports extend a multi-month downtrend after dropping by a whopping 23.5% in the previous month, driven lower by lackluster demand in the mountain nation’s main overseas markets. On the opposite side of the equation, the import price index fell at the fastest pace on record in July, suggesting a healthier domestic appetite for overseas goods than the other way around. Separately, the August edition of the ZEW Survey of investor confidence is also on tap.

Written by Ilya Spivak, Currency Analyst and Luis Gil, DailyFX Research
Article Source - British Pound Holds 1.65 Level Against US Dollar Ahead of Retail Sales Report (Euro Open)

Forex Trading Tips

I know a lot of traders who are new to forex market. They often contact me asking questions or to share their experiences with forex market. As I expected lot of them face the frustrations of streak of loosing trades. Some have so many losses that they see their whole trading account get wiped out. I find that all beginner traders experience losses due to few main reasons -

1. Primarily because of poor money management. They don't have enough idea on how much to risk per trade which is one of the most important points when it comes to having profitable trades. And infact Money Management is a big topic in itself. I'll touch more on it in my next posts.

2. The other big reason is that most of new traders don't know what to focus on. They have all sort of charts opened up and they try to find a trade opportunity on every trade. Infact one of the my friends once had 14 different charts opened on the screen and she had 8 different trades opened simultaneously. There is no way she could have managed all of them. As I expected, most of them (7 trades out of the 8) ended in loss since she was mistiming opening and closing the trades.

If having multiple charts is overwehlming, I suggest such traders to focus on only 1 or 2 currency pairs at a time. EUR/USD or GBP/USD are my recommended currency pairs since their spread is low and they have high volatility.

3. No clue on how much to expect. When you open a trade, you need to have a fair understanding on how much to expect per trade. I mean it doesn't need to be an exact number, but just a ball park. Like for day traders it can be 20 pips per lot. For swing traders it can be about 60 pips per lot ..and for scalping it can be about 15 pips per lot since Scalping is all about making tiny profits and have huge number of trades per day. I know a lot of scalper friends who make more than 200 pips each day by executing almost 15-20 trades per day.

Having such idea will let you understand when to close the trade. However if you are a day trader and you start expecting 50+pips profit per lot, then you would have most of the trades end in the loss. So its always good to know what range of profits can be expected from the types of trades you place..

Now, if any of the above points reflect the difficulty you face, I would request you to take some corrective actions..may be what I recommended. Thats all in this post...

High Velocity Market Master Evil Genius Package

I consider myself a law abiding, stand-up citizen. You know, I always try to do what's right. I'm not one that condones cheating or telling secrets. That's why when I came across this ‘sin'sational package, I was faced with a Dr. Jekyll and Mr. Hyde moment. I knew it really wasn't cheating, but as I plowed through the information, it sure did feel like it. Even as I compose this post, I wonder if I'm doing the right thing. Then, I think again and I know down deep that it would be a crime for me to horde these jaw-dropping tricks of the trade. So I'm passing this along to you. Click at your own risk:

High Velocity Market Master Evil Genius Package

Have I scared you? Ok, let me explain what you'll be exposed to by downloading this ‘evil genius package.'

====An Interview with the Evil Genius Himself====

* It's a 'behind closed doors' interview with an evil genius trader & system developer extraordinaire.

*I've had the pleasure of personally speaking with him before and can honestly say that with over 20 years of trading under his belt, Mark knows his stuff.

(In our inner trading guru circle, Mark is known as that quiet guy who has a lot going on 'up there.' You know, he's not all about the limelight or craving his 15 minutes of fame. He's much more calculated than that. I've seen people try to crack his shell, only to be met with a smile and a nod (and your butt whipped when it comes to trading!.

*This interview exposes not only Mark's clear strengths, but his embarrassing ‘slip-ups' when it comes to his trade career. It's quite the revealing interview...Make sure you listen to it now:

High Velocity Market Master Evil Genius Package

====The Classified Cheat Sheet====

Basically once this is implemented it will become the 'make it or break it' tool in your trader's tool box. (You won't even believe how fast & easy this can be!)

*Find out THE number 1 step-by-step plan to get a beginner trader up and running in no time flat.

*Discover what the heck this 'trailing' business is all about? And most importantly, how can it make money?

*An INTRICATE look at the nasdaq emini 144 tick chart.

*Plus 8 other ‘CliffNotes' trade teachings that you can quickly skim and nearly pick-up through osmosis.

I know I've struggled with giving this out, but I must say I'm looking forward to watching you transform into the evil trading genius you were meant to be. Download it here:

High Velocity Market Master Evil Genius Package

Now this is what Mark Soberman, the High Velocity Market Master Evil Genius says: "If you've received an email or two from me in the past, you probably know that I consider myself to be a pretty social guy. Sure, I work hard but I love hanging out with friends, traveling to new places, and spending time with my family. Which is why I was downright surprised when a small group of my closest friends and trading colleagues sat me down for an 'intervention'. An intervention? What? Me! At first I wanted to defend myself... and then I just hard to laugh. Finally, I just had to sit down and hear them out. Here's what they had to say...

"Mark, we love ya man. But we can see the pressure is building! You know, you've always been 'that guy' - that guy who is always unnervingly quiet... letting the proverbial gears turn... that guy who just has alot going on 'up there'. We know you've done a ton of crazy tinkering and we just feel like it's time to get it all out... for your own sanity!"

After I heard that, I started thinking. And I mean, really reflecting. And I realized that I couldn't disagree with them! I mean, over the past several months I had been working on some fairly 'classified' material that required not only my normal 110% effort...but also a slightly darker side of me, as well.

So in effort to (A) get it all out and hopefully release some internal pressure and (B) get my friends off of my case, I'm finally letting my 'evil' side out.

High Velocity Market Master Evil Genius Package

I've put together a trick little package detailing all my 'cheats & techniques' that are designed to give you a nearly unfair advantage in the market. And I want you to take it, on me. (Seriously, at no cost.) Go get yours now:

High Velocity Market Master Evil Genius Package

I'm only going to keep this cheat kit up for a few days so get it now because I'm NOT going to tell you again. Good (or Evil) Trading!"

High Velocity Market Master Evil Genius Package

Drawdown in Forex

Drawdown is an important money management concept for you to understand before you start trading forex live. Good money management is what will make you survive long term in the markets. Money Management allows you to be proactive in managing risks and how to cope with trading losses which are part and parcel of the game. Money management is about fully optimizing your trading capital.

Survival long term is what trading is all about! Preserve your capital. This is your first and foremost duty as a trader. The concept of drawdown is important for you to understand for the preservation of your capital. Preservation of capital is the key to ensuring a trader’s long term survival in the forex market. For without survival there can be no wealth generation.

Every trader has to take losses. Drawdown in simple terms is the amount of money that you lose while trading. Drawdown is usually expressed as a percentage of your total trading equity at any given time. Drawdown refers to the decline in the trading account equity from a trade or a series of trades.

While many new traders dream of a one big win that will magically make them a millionaire overnight. The truth is most of the trader are more likely to be confronted with one big loss that can wipe out their trading account in a short time. However, if you are clear about drawdown, you can avoid such a painful eventuality. Let’s make drawdown clear with an example. Suppose you are starting with $10,000 in your trading account. You lose $2000. Your drawdown would be 20%. Now you have only $8000 in your account. Suppose you gain $1000 and then again lose $3000. Now $9000+$1000-$3000=$7000 are left in your trading account. This represents a loss of 30% on your starting balance of $10,000. So now your drawdown is 30%.

Keep this in mind that drawdown is calculated when you have a losing trade against your new equity high or your original equity whichever is higher. Drawdown is not an indication of your trading performance. Suppose, you make a gain of $4000 instead of making a loss on your opening balance of $10,000! Now the equity in your trading account is $14,000. In the next trade, you again lose $3000. Equity in your trading account now is $14,000-$3000=$11,000.

Your drawdown should be 21% (= $3000/$14000). This is a 21% decrease from the equity high of $14,000 in the trading account. A 100% drawdown will wipe out your equity in the trading account. Always remember the motto, “Survive to trade another day.” For if you lose all your money, you wont be able to double your account. Only those traders flourish in the market long terms who understand good money management rules really well.

Capital preservation is essential for your long term survival in the market. As the drawdown gets bigger and bigger, it become difficult to recover the equity lost. Many people don’t know that in order to recover the percentage of equity that they lose, they will need to gain a higher percentage just to break even. There is no way around recouping slowly. Don’t try martingale strategies. Only if you want to drive yourself to total destruction by risking more and more of your equity to try to make back your losses.

Holding on to a losing trade for too long is the biggest cause of a big drawdown. If you start losing more and more of your capital, the faster you will go down the drain. Suppose you lose 10% of your trading capital. How much you need to recover? Is it 10%? No! It will require an 11% return on the equity balance in your account to recoup the 10% loss.

Most new traders run out of money even before they see any profits in their trading accounts. When you risk capital on trading, you hope that this amount of money can be transformed into a much bigger amount. But what if you start losing? Let’s make it clear with numbers. Suppose you start with $10,000 equity in your trading account. You lose $1000. Your drawdown is 10%. Now you have $9000 in your trading account. You need to make $1000 to breakeven and recover your loss. This is equal to 11.11% (= $1000/$90000) return on your balance of $9000.

As you can see as the losses increase arithmetically, the gains that are needed to recoup them increase geometrically. If a trader has a big loss, they will have to spend more time to get back to where they were before instead of using the time for making profits. So if you lose 10% of your equity, you will need an 11% return to breakeven. In case of a 20% loss you will need to make 25% in order to breakeven. For a 30% loss, you need 42.85%. For a 40% drawdown you need 66.66%. In case you lose 50% of your equity, you will have to make 100% return for recovering your loss. For a 60% drawdown, you need to make 150% return. For 70% you need 233%. For 80% drawdown, you have to make a return of 400% or in other words quadruple the account just in order to breakeven. For 90%, you need a return of 900% in order to breakeven. In case you have a 100% drawdown, your trading account is wiped out.

Stop Hedge Funds From Stealing Your Profits

Have you ever had that feeling… after you were stopped out and the market went back in your original direction, that a bank or large fund had hunted your stop and stolen your shares? Well, that’s because it’s true!

On tomorrow night's webinar you'll hear from a former big fund manager, used to do just that. In small markets like penny stocks his firm could do it all by themselves. In larger more liquid markets they would team up with other hedge funds. He says even some banks would do it. So what can you do about it? Learn to either stay out of the market when the hedge funds are hunting stops...or profit from it – it's your choice.

If you prefer the latter, you'll want to join tomorrow's webinar at 8:30pm EST, where you'll discover how to survive the hedge fund hunters. Go ahead and reserve your slot now –with over 200,000 invitations and only 500 spaces, you’ll need to registrar and opt in early to get on the webinar. Click here to register

Stop Hedge Funds

In addition to the long list of topics, he will also be discussing:

-> How some hedge funds hunt stops and a simple trick
to avoid getting caught,most of the time.
(Yes, hedge funds, brokers and other individuals
(not the “market”) really do hunt your stops).

-> One of his four proprietary profit target strategies.
He’ll just give you this valuable tip for listening in Wednesday.

-> How to avoid being vague with your entries and stops
(like those “gurus” who say,
"Buy a few cents, ticks, or pips above __." )

-> A little known, no cost, scanner tool that
can help you improve your trades, now.

-> A complementary excel sheet that does ALL the math
for you.You’ll be able to easily see the optimal position size and
risk vs. reward ratio on all your trades.

-> The 7 highest dividend paying ETFs.

I promise it won’t be a waste of your time. My trader friend used to put on trades as large as $50 million before he left the world of money management. He will explain how he learned these tricks-of-the-trade, but most of the hour will be spent on teaching you how to be a better trader. I like to share useful content with my readers and this is a big chance to do just that. Click here to register for your free seatat the Wednesday night webinar.

Stop Hedge Funds

Don’t forget the contest to win a 1 year trading mentorship. All the entry details will be explained on the call. Don’t place another stop before you hear how the hedge funds are gunning for your profits! Click here to register now for your free webinar slot.

Stop Hedge Funds

In only 1 hour, you’ll be handed years of hard won experience from a big time trader(who’s willing to spill the beans). Plus his 1 year mentorship offer will be unavailable afterThis Sunday night. He is the type of teacher who likes to support his new students and doesn’t need to keep selling courses

This is what Big A, former hedge fund manager has to say about the webinar: "The Thursday night recorded webinar is now up. I have a huge $1,997 bonus for only the next 48 people. It was 65, but now it's only 48, so please ignore that 65 number on the webinar. On the webinar I teach:

- The little known position sizing trick that can double your returns regardless of what market or system you trade.

- Proof that one of my students is now trading over 8 million dollars.

- Two simple tricks that instantly remove 95% of your emotions in trading. As all traders know the emotions of fear and greed are the number one killers of traders.

- How some hedge funds hunt stops and a simple trick to avoid this from happening to you most of the time. Yes hedge funds, brokers and other individuals (not the "market") really do hunt stops.

- Why money managers only risk 1-2% per trade and still make great returns.

- Why trading is not a "zero sum game" and what this really means for the average trader.

- How to make strong profits using the daily charts and trading only 10 minutes per night.

- How Jim Rogers, Warren Buffett, and others became great traders and investors.

- What the "gurus" selling hype trading courses are hiding from you and an easy way to spot counterfeit "trading teacher" from a mile away.

- One of my exit strategies.

- How to not be vague with your entries and stops like when others who say, "Buy a few cents, ticks, or pips above ___."

- A little known, no cost, scanner tool that can help you right now.

- A complementary excel sheet that does ALL the math for you so you can easily see the optimal position size and risk vs. reward ratio on all trades.

- 7 highest dividend paying ETFs.

- Much more.

I promise it won't be a waste of your time. I share a little of my story, but most of the hour is spent on the subjects above. As you know I like to share good content with my subscribers and this is the first time I have done so in the webinar format. It is a large file so it might take a little while to load. Here is the link, it's the top video:

Stop Hedge Funds

I will stop selling my ETF mentorship program on August 23rd for a good portion of the rest of the year. That is not marketing hype. I like to support all the new students plus I need to see if any slippage is caused by all the new accounts. I don't think their will be, but I need to double check. I fully expect the $1,997 bonus to be gone before Sunday."

Stop Hedge Funds

Member testimonial:

I thought I would give you a progress report card.
April 09: +8.07%
May 09: +6.93%
June 09: +3.14%
July 09: +9.21%
As always, thanks for your support and help.

Jerry Q. - Hi-Tech Manager