Here’s How to Take a Couple of Small Losing Trades

Today I outline a couple small losing trades in the morning…not the greatest start to a day, but that’s all part of trading. An important thing to remember here is how you ‘manage a trade’ so your loses are small and manageable. We’ll see what this afternoon holds for the market and if it can continue to reverse to the downside.

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A Long Short Week

Good afternoon, Friends. Why do short work weeks always seem so long? We’ve been pretty busy in FX this week, but today dragged more than a bit. For what it’s worth, for all of the headlines, the base case – that is, what has prices roughly where they are – appears to be that Greece […]

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Reviewing the January Iron Condor position

In today’s video I’ll go over the offensive and defensive decisions that we made during the January Options cycle to manage these trades across the goal line and earn another profit.     

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Good ES Trade Before 10:09 am ET & Trades from Yesterday

Today I take you through a winning short trade set-up in the ES market…in and out by 10:09am ET. I then review three good trades from yesterday (1/19/2012) that you can learn from. Hope this helps you in your trading, and if you have any questions please let me know.

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Here’s a Few Trades and How I Plan to Work Them

Today I go through how I trail up (or down when short the market) a stop to lock in profits, especially when the market starts making a parabolic move like it has (to the upside). I also point out a few trades that I’m currently in and how I plan to work them. I talk about how I’m long the SSO ETF, how I just put on a EUO inverted Euro ETF trade and how I’m hedging myself by putting my toe in the water by buying into the SDS inverted ETF. Hope you enjoy today’s video – Todd

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Possible Upside Targets on the S&P500

Are we moving into the “parabolic tail” that we discussed two days ago? And if so, where will the chart show a higher probability of topping out before an overdue pullback takes hold? Watch this video for suggestions!

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Leading Indicators leading you Astray?

Learning “leading indicators” is an advanced technical analysis skill, and a few years ago they actually worked to the point that you could enter/exit positions based on them. Not so now….we’re getting extreme moves that go much further than everyone expects, at which point they reverse and go in the other direction further than everyone […]

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Today’s Market Action & How to Trade It

Today I take you through the first couple hours of trading and show you two nice trade set-ups that you can learn from for day trading purposes. The market has also broken through the1300 level in the ES S&P 500…let’s see where we go from here. Also, if you’re already long this market (for either a swing or position trade) I show you a good logical place to trail your stop, to either take profits or simply get flat the market.

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The Tale of the Parabolic Tail

Markets are always trying to talk to us and let us know what’s going on, if we can cut through our own personal bias and listen. What we’ve seen over the past few years is the same kind of “finish” to market rallies…the Parabolic Tail. 

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Quick Market Overview & A Great UltraShort Euro ETF

Happy Martin Luther King Day! Since this week will be a shortened trading week I thought I would give you a few thoughts about the market including where I would personally take profits from this run to the upside. I also give you my thoughts on round (.00) and half (.50) numbers when placing stops in the market. I also give you a great UltraShort ETF (EUO) you can use in a retirement account so you can profit from the declining Euro/Usd currency pair.

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