positive night which ended up making 488 points after getting in at the usual time of 8:00am and exiting almost at the daily peak of 11586 at 3:50pm. Members were happy with this trade after a tough July.
Our Dax system has been breaking all sorts of Tradewinr records and it is worth a look during the German session. This time frame is between 4:00pm to 7:00pm Australian Eastern Standard Time and about 2 to 4 trades will usually be taken during this session. Last night the Dax presented our members with 4 trades and made a profit of 82 points which converts to $ 3,363 using 3 contracts per trade.We also had a winner on the S@P Intraday trade which made $812.50 and adds to the winners for a total of $9,054 for the 5th August.
Results at a snap shot;
Daily Dow forecast = $4,880
Dax = $3,362
S@P Intraday = $812.50
We also have a new options trading system ready for our current members to have a look at. This system provides excellent returns and is a great way to
increase profits.
Luke
After a fairly tumultuous week we are seeing more of the same. We did however warn you earlier in the month that we expected a bounce to come from lower levels on the S&P500 and it has arrived with the market bouncing from 1200.
We are starting to get into a fantastic rhythm with this market now and our results will definitely reflect that.
I guess the question on everyones mind is will we push through 1300 and see a return of the critically injured bull? I think not. I firmly believe we are in a strong bear market, and as history tells us we should be expecting these strong bear market rallies where everyone gets aggressive the short side. You only need one spark of positive news and a rally and its like pouring petrol on an embering fire.
Be prepared for the big rallies and look back at your charts from 2000 as I anticipate we will see similar action moving forward. Dont get fixated on the short side of the market as those big up days will slap you like an angry girlfriend if you are too aggressive to the short side.
Little Jimmy is crowing again, riding the emotional roller-coaster that is this bear market. I expect you will hear shortly from our trading apprentice.
Some information on Today
Our recent retest of the prior lows has proved to be a solid run for the bulls with the Dow up more than 450 points the past two sessions. The Dow added 186.13 points Wednesday to close the session at 11,583.69. The S&P 500 gained 21.06 points to 1,284.26. The Nasdaq tacked on 10.10 points to 2,329.72. Volume was moderate on the session with 1.47 billion shares traded on the NYSE and 2.27 billion shares exchanged on the Naz. Market breadth was positive by a 21-to-15 and 16-to-13 margin on the Big Board and Naz respectively
The big news for the markets during the past week has been the flurry of buying taking place in the financials sector. Stocks in the sector have experienced a rally of nearly 30% off their recent lows, mainly due to some better than expected earnings announcements from of the major hitters.
Obviously also spurred on by the crutch provided by the federal government, which made it known that it wouldnt allow ailing lenders Fannie Mae (FNM) and Freddie Mac (FRE) to go down in flames. I hope that aid is extended to all distressed business owners, unbelievable.
Add to that the Securities and Exchange Commissions (SEC) decision to freeze so called naked short selling in 19 top financial institutions including Fannie and Freddie and we have our fuel for the bulls fire. Now we will have to see if gains can continue heading into Fridays key employment report.
Happy trading.
Shane
TradeWinr 0 Comments
Hi Members,
Just a recap on the week so far not including todays results. We have had some good feedback after the horror week on the Dow last week we have bounced back with 2 solid returns. We pride our whole business on having the best outlook for the Dow forecast so we are thrilled to be back on track. We have had some conflicting trade signals for the S@P Intraday and Swing trades so we have only posted the high probability trades until the signals are clear cut. Once the next oil data is out we should see either massive dive or climb up the bulls ladder. Be careful on your stops near the next oil announcement may even be wise to take your trades off just before the news and get back in once it has settled down. Here is a snap shot of the week so far. Also Jimmy has his latest blog finished and has some interesting points about emotion free trading that he has learned.
Luke
| Markets Traded | Week of July 18th 2008 |
| The Dow Daily prediction | $5,020 |
| S&P 500 Swing trade | -$1,737 |
| The Dax Swing trade | -$5,904 |
| S&P 500 Intraday trades | $238 |
| EUR/USD | Open trade |
0 Comments
Hi Traders,
The Dow continued to sell off yesterday after a bounce at the key level of 11400 which it has failed to penetrate in the last couple of attempts. We have had 3 losing nights in a row on the Dow which is very rare so we will be doing triple the research tonight and should have a winning night for members.
The Dax has followed the Dow in its free-fall late at the close yesterday which we had a loss on too. The currency trades were mostly winners and here is how the currency trades went last night. There are over 300 members who are just following the currency trades so I will endeavor to put the results on this blog after each session. We will be trading the
Luke
| Markets Traded | Wednesday 9th July 2008 |
| EUR/USD | -$ 1,380 |
| GBP/JPY | $ 340 |
| GBP/USD | $ 1,070 |
| AUD/USD | $ 660 |
| Total | $ 690 |
Training the Trader, Edition 3
Members there have been some interesting developments in young Jimmys trading experience this week. You may remember Jimmy have that $20,000 week a few weeks ago? Well he decided to keep most of the money in his trading account and only take out enough to get his scooter back off the pawnbrokers and also some extra rent money to maybe move out of his parents flat. This plan maybe stalled at least until he gets a few more winning Months under his belt as the market has knocked his profits around a bit this week.
He had his first taste of some losing trades in a row last night and a few days earlier. Judging by his emotional reaction to the unfortunate results we have decided to put him through a course to help with this. I am sure that all traders first experience the emotional ups and downs when you first start trading a live account. He will be reading the well known emotion free trading book and then give us all a report on what he thinks of the book and how it will affect his trading. I am looking forward to his thoughts and will see first hand if he changes his trading or more importantly his reaction after a loss or a win.
One of the funny moments this week was Jimmy ringing our broker and asking for 250, S@P 500 longs. Instead of one large S@P 500 (which has a value of $250). Thank god the broker called us first to clarify that we didnt want 250 Emini contracts an hour before the news. He now has to check with us in a practice phone call before he calls the broker.
Stay tuned for Edition 4
Hi Traders,
We got absolutely smashed last night and it is just another example of this volatile market flexing its muscles in the choppy ranges it threw at us. We still have one open S@P 500 trade which is a winner but apart from that we had four losers. So we will be back up and at the trading desk for the open of the Dax this afternoon and will be trading that for the first 2 hours. We will then be trading the
Luke
| Markets Traded | Tuesday 8th July 2008 Profit/Loss |
| The Dow Daily prediction | -$ 4,380 |
| S&P 500 Swing trade | -$975 |
| The Dax Swing trade | -$ 4,059 + Open Trade |
| S&P 500 Intraday trades | No Trades |
| EUR/USD | $ Open Trade |
| Total | - $ 9,414 |
We have had a number of members ask for some more currency trades over the past fortnight. We are now able to provide these signals as they present themselves during the
| Markets Traded | Monday 7th July 2008 Profit/Loss |
| The Dow Daily prediction | -$ 720 |
| S&P 500 Swing trade | -$1,050 |
| The Dax Swing trade | $1,804 |
| S&P 500 Intraday trades | No Trades |
| EUR/USD | $160 |
| USDCHF | $350 |
| GBPJPY | $1,630 |
| Total | $2,174.00 |
