Archive for February, 2007
And Truly. € Is On the Rise.
By Marek W. Stupka | February 28, 2007
In the last Trader’s Corner post I have presented simple technical analysis of the EURUSD weekly chart, and predicted a bullish reversal. Check it out now!
Marked yellow, you can see the four important technical signals posted at about the same time, that unanimously suggest distinct reversal in price action. And truly, that’s exactly what is happening at the moment. The pair is reversing, and is beginning to move north!
This is yet another, even though simplified, example of the true power of technical chart studies. You can see now - we’ve got the power to predict certain market moves. These, and many other, tradable patterns are what I refer to as “Islands of Consistent Profits”. Of course, to be realy able to trade setups like these, you need much more than just a simple, one-chart analysis as is the one above. You need a proven, back-tested trading system. You need your own Trading Plan! That’s what you’ll get if you participate in the Geprard Investments’ 1-on-1 Training.
But wait a minute! This is for all of you out there who are excited about this trading opportunity and are determined to either way trade the pair in line with the above: notice that what we’re dealing with here is the weekly chart. One candle captures the price action over the whole week. So, if you really want to trade this pair long, get ready to stay in you position for weeks, or even months, and set due stop-loss and profit limit.
Once again I have to stress, that what you see above is in fact a very, very limited version of the periodically updated Technical Analysis planning available for my 1-on-1 Students. The information provided here is definitely not intended to form a real trade suggestion, or a signal, and is presented to you as incomplete, and advisory only…
Anyways, the main point of this post is clear. The Euro is on the long-term rise, as I have predicted one month ago. And it is very well positioned to rise even further in the weeks to come. For aggressive traders, the Trannel top is the limit. But, as we already know, aggressive trading is not recommended - you’re advised to always remain conservative, coolheaded, and to play by the rules of your back-tested Trading Plan. And so, an in-between Resistance level is suggested to be set as your profit goal.
And again, and for the last time. If you don’t know how to draw the in-between Resistance lines inside a Trannel, you should take the course. It’s as simple as that. This web space only shows certain partiary trading insights, and is by no means intended to substitute for the 1-on-1 Training.
Topics: FOREX Trading Analysis | No Comments »
Trading the Weather
By Marek W. Stupka | February 12, 2007
In our contemporary, highly oversophisticated and technically overmature world, almost anything can be traded. Take such thing as the weather, for example…
Yes, it is true, you can trade the weather! And yes, it also means, that if you’ve always been good at forecasting rainstorms and temperature peaks, you are about to get rich!
No kidding! It is all possible these days. Let me show you how. Trading the weather is, inc fact, directly related to commodity trading. Commodities like precious metals, oil, but also soya beans and corns, are actually the oldest subjects to trading known to mankind. Farmers and industrial producers have been looking for markets to sell their stuff for centuries - that is how the commodity trading marketplaces were formed. Over the years, their concentrated marketplaces - the world’s commodity exchanges - have implemented very sophisticated financial instruments to actually meet the demand of every commodity seller and buyer out there.
Probably the most popular of these derived instruments of the Financial Markets are, without doubt, the commodity futures. And, here’s where the weather trading comes in.
Whenever you trade the weather for some geographical zone, you actually trade a future contract directly related to some commodity market.
So you see, it is realistically possible. If you want to know more about how you can trade the weather too, visit any major commodity exchange and refer to its commodity futures section. One good example is Chicago Mercantile Exchange. If that wasn’t enough, here’s the list of CME Weather Contracts within the United States of America.
So good luck with your weather forecasts! Anyway, if you - like I did - will get tired from paying the obligatory margin and processing fees for every traded futures contract, always remember: FOREX market is the most liquid market in the world, and thus it is known for high technical pattern recognition. And the bonus? We, currency traders, don’t have to pay those annoying margins and processing fees!
Topics: Miscellanous | No Comments »