Tonight’s Weekly Market Update features MTPredictor developer Steve Griffiths as he takes you through some standard trade setups in the US eminis last week. He also covers how we spot additional advanced trade setups using the tools in the MTPredictor trading software.
While there were some massive profits to be had on this particular day, Steve points out that markets are cyclical in nature and there will be good and poor trading days. The disciplined trader will have patience during the dry times but also knows that times of plenty are soon to follow.
Check out Steve’s expert analysis here:
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MTPredictor runner up 2011 Readers' Choice Award for best futures trading system.
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Read the MTPredictor article in the Sept/Oct 09 issueApr 12
19
Control Your Risk and Win
Trading is all about managing risk. If you can become good at managing risk, you can have long-term success in trading. If you never learn this critical aspect of trading, you are doomed to the same fate as those 95% of traders who are failing to make consistent profits. Check out today’s MTPredictor trading webinar and find out how the MTPredictor Elliott wave and Fibonacci trading software can help you control your risk and keep the reward side of the equation larger than your risk over time.
Watch the recording HERE
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Apr 12
15
Is the Correction Over?
The US stock market continued its correction last week and may not be over however, we have some interesting things that will come into play this week. First, we have the end of tax season after April 15th. This event has preceded turns in the market in the past. Second, we are in the midst of earnings season. The markets like to rally into earnings expectations though as the market is in correction mode, there will be little room for disappointment. Finally, we are heading into options expiration Friday. The market tends to rally about 70% of the time into options expiration.
The weekly MTPredictor Strong Trend Filter is into its upper strength band which may mean that the correction will be shallow. We’ll see.
Take a look at the rest of the analysis in gold, silver, oil, USD and the EURUSD in this weeks Market Update featuring the MTPredictor Elliott wave and Fibonacci trading software for stocks, commodities, futures and forex.
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Apr 12
12
Managing Risk in a Volatile Market
In today’s MTPredictor trading webinar, we look at the proper way to manage risk when the volatility picks up. Managing initial risk during these times is even more critical. Unfortunately, most traders are not good at managing this initial risk even in quiet markets. When the volatility picks up, these traders get washed out due to big losses.
Check out today’s webinar recording to see how the MTPredictor trading software keeps are initial risk in check and always has the proper reward side of the equation in place.
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Apr 12
8
Correction Came but How Deep?
In last week’s MTPredictor Weekly Market Update, I talked about the potential for a market correction coming due to the fact that the S&P was in a major resistance area. This coupled with the announcement that many hedge funds reported they were lightening up on longs, including some of the commodities such as oil and metals finally did the markets in last week.
While Friday’s dismal jobs number may take the blame in the media, astute traders were aware of the potential correction that could strike on any given day. Friday’s S&P futures dropped 15 points on the jobs announcement. As I write, futures have opened tonight here in the states. They have tested and come off of Friday’s lows. We will have to see if buyers are willing to step in at the open or if the selling pressure is still too great and another leg down is in the cards. Remember, last week I pointed out the strength in the MTPredictor weekly Strong Trend Filter was still to the upside which would mean that any correction could be shallow. We’ll see.
There is another wild card out there and that is the potential for QE3. If the market even thinks it’s in the cards due to the correction, things could turn in a hurry to the upside. The key, as always, is to manage the risk appropriately and know the game you are playing and who you are playing against.
If you are not sure what the game is, who the players are and who or what you are up against, then you may want to take a look at this video.
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