Thursday Webinar Plus Market Reacts to the Fed

Here is the information for tomorrow’s webinar.  Things are beginning to get interesting in the markets and you will want to know how to trade like a professional in these times.

MTPredictor Webinar This Thursday, August 12th at 4:15 PM EST

https://www1.gotomeeting.com/join/283868760

We will be focusing on finding low initial capital risk trades and the 4 Stage Trading Process using the US E-mini futures, commodities and forex markets.

Date: Thursday August 12th
Time: 4:15 PM EST

https://www1.gotomeeting.com/join/283868760

Yesterday the Fed announced it was going to start monetizing debt, something it said it would not do just a year ago.

This is the equivalent of using one credit card to pay for another for you and me.  For you and I, once the credit limits are hit and our debt and income haven’t changed for the better, we are headed for bankruptcy.  The Government’s answer is to print more dollars.

This is not a positive development and you can see the markets initial reaction today.

Here is today’s MTPredictor Elliott wave and Fibonacci trading software’s TS2 sell signal in the Russell this morning with an 11 to 1 risk/reward target:

Russell 11 to 1 Winner

*Click on the image twice to enlarge

Remember to keep your risk small relative to your winners, especially when the volatility picks up and a failure to properly manage risk can be your undoing.

Keep an eye on 401K and Pensions you may have that are geared to make money only when the market goes up as we head into the Fall.

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