Here’s a Trade on AAPL that I Just Put On

Today I go through with you a trade I put on in Apple (AAPL) at the close of yesterday (3/19/2012). This is a pure speculative play and thought I would go over it with you. Even though I believe Apple will continue going much higher, I hope this doesn’t surprise you what I’m doing. The risk is very minimal, while the reward could be quite substantial, let’s see what happens.

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Trades in the Forex Currency Pairs Setting Up Right Now

Today I go through six Forex currency pairs with you and point out what I think are good trades setting up right now…and what to specifically look for on these charts. Two of the live trades (i.e. Australian Dollar and British Pound) I pointed out to you on Friday are doing quite well, and should continue moving up. Let’s see if the other trades I pointed out today continue moving in the direction I called for. I also run you through today’s trading in the E-Mini S&P 500 futures market. Have a great day and I hope all this helps you in your trading.

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Is the Renaissance Market here?

This current uptrend from the November lows now qualifies as the strongest, most linear trend that we’ve seen since those parabolic Bull market days of 1998/1999. Are we seeing a renaissance?

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Australian Dollar / British Pound Forex Trades… and the E-Mini S&P 500 hits 1400!

Today the market hit my initial price projection of 1400 in the E-Mini S&P 500 futures contract (actually 1400.25 is the high of today). If the market is able to close above 1400 my next price projection is 1440 to 1450. I also let you know where I want to be a buyer when the market starts to pull back (i.e. retrace). There are also two good Forex currency pair trades in the Australian Dollar and British Pound that I want to go over with you…have a great weekend and hope this helps you in your own trading.

Doc was in my office all day today, so unfortunately he won’t be putting up a video.

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If you trade Credit Spreads, can you Sleep?

If you trade credit spreads, do you just leave them on to “play the probabilities”? Good luck sleeping in this market! Myself, I play very aggressive defense and know when to step aside from the charging Bull. 

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Here’s a Nice E-Mini S&P 500 Futures Trade You Can Watch

Today I not only walk you through the very first trade of the day, but I also show you a live trade as it’s happening in the E-Mini S&P 500 futures contract. It took a half hour to hit my first profit objective (even though the video is only 10 minutes) where I took off 75% of the trade, and then I proceed to walk you through how I trail up my stops. And as I end the video I’m still long the market. As I write this commentary I am stopped out of the remainder portion of my position with a one point profit on the remaining 25% of my position. In total the trade netted out 2.50 points…hope this helps you in your trading.

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Parabolic Tail part two?

Was yesterday’s spike higher the finishing move for this swing higher? Or will the Weekly chart continue to pull the chart higher to fulfill its potential?  

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Key Support Levels in the E-Mini S&P 500

Today I go over the key lows in the E-Mini S&P 500 futures market in order to arrive at major support levels. These key lows will be used to calculate fibonacci retracements, which in turn will act as support when the market finally decides to correct. The three closest support levels right now (from today’s high of 1394.25) are 1371.25, 1364 and 1357.50. Watch the video to gain more insight to help your own trading and to get in the ebb and flow of the market – hope this helps.

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An Options Trading Dilemma….

What should you do? Take early profits on a position and risk feeling like a wimp later? Or gut it out and risk regretting that you did NOT take early profits? What’s a trader to do? How about slicing your decision down the middle and taking partial profits, especially in front of an FOMC policy […]

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Today’s FOMC Meeting & Forex Currency Outlook

Today I briefly talk about a few price targets in the E-Mini S&P 500 futures market if certain price levels are penetrated to both the upside and downside. Today’s FOMC meeting should be pretty interesting and we should see some nice movement in the market. I then talk about six forex currency pairs and where I see them going. I hope this helps you in your own trading and please enjoy today’s potentially exciting market.

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