How to Cut Losses and Let Winners Run

During today’s MTPredictor trading webinar, we focused on the 4 -step trading process which allows the trader to cut losses short and let winners run.

See how the MTPredictor Elliott wave and Fibonacci trading software follows this process by alerting you to low risk, high reward setups and provides the trader with the entry, stop, initial target and correct position size before you enter the trade.  It then manages the trade and indicates whether you should take the initial target as planned or if you should be trailing with a trailing stop.

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MTPredictor runner up 2011 Readers' Choice Award for best futures trading system.

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Read the MTPredictor article "95% of Traders are Insane!" in the August 2012 issue

Fed Week + Greece

Last week, the ECB announced 1 trillion dollars of QE which was more than the market anticipated.  The market rallied into and shortly after this announcement before giving ground late on Friday.

There is more to come out of the Eurozone as Greece votes today.  If the Syriza party is elected, they have vowed to have 1/3 of the Greek debt forgiven, while the rest is to be restructured or else they will leave the Euro.

In the US, we have a Federal Reserve meeting on interest rates on Wednesday.  This is another potential market mover.  Will the Fed be able to raise interest rates as planned or will they inevitably have to do another round of QE down the road?  Stay tuned.

Check out the rest of the analysis for stocks, gold, silver, oil and the USD in tonight’s MTPredictor Weekly Market Update.

 

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Mtpredictor Featured
MTPredictor US Announces New Trading Software For ...
May, 2010 @ 1888PressRelease.com

Gold, Silver, USD, Oil, Soybeans and More

During today’s MTPredictor trading webinar we looked at multiple markets and time frames from gold, silver, USD, oil, soybeans and more.  We looked at these from the standpoint of the MTPredictor basic trade setups and then, using the tools in the software, looked at the same setups from an advanced perspective.

Check it out in today’s MTPredictor trading webinar.

 

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More QE Coming?

The volatility continued across many markets this week as we saw the surprise announcement that the Swiss will not longer be pegged to the Euro.  This sent the Swiss Franc up like a rocket, bankrupting a number of forex brokers in the process.

I expect this volatility will continue with the expected announcement on Thursday that the European Central Bank will officially announce its own quantitative easing program to combat Eurozone deflation.  Japan is also undergoing another round of QE via Abenomics.

According to the latest global GDP reading from J.P. Morgan, the world economies are slowing down.  The question now becomes, will the Fed actually be able to raise interest rates here in the US as planned or are we eventually headed for more QE here is the US as well?

Some troubling signs that point to more potential QE may be coming from the bond market where the 30 year bond yield is at an all-time low.  It was expected that bond yields would gently rise once the Fed wrapped up its bond buying programs but, we have seen just the opposite.

Oil has dropped to its lowest level in years yet the Dow transports are not benefiting as one would expect as oil and gas prices come down.  Same with the retail sector, which has been heading lower.

It will be interesting to watch this all unwind.  In the mean-time, check out the rest of the analysis in tonight’s MTPredictor weekly market update and enjoy the MLK Jr. Holiday!

 

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MTPredictor Basic and Advanced Trade Setups

During today’s MTPredictor trading webinar I provided examples of both the software generated trade setups along with examples of using the tools in the software to generate additional trade setups.

 

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