Posts Tagged ‘Profitable Trades’
Day Trading Economic News Analysis: S&P 500 June 1, 2010
Understanding the direction of the market as well as the economic activity will lead to profitable trades. Keep up with our live news feed with TraderMongers.com!
S&P 500
After Memorial Day weekend beginning the half way point of the year and start of the slow summer season vacations all the market indexes are trading near levels seen on January 2010. Even the summer movies have a hard time getting off of ground such as the recent Memorial Day weekend movies: Prince of Persia and Sex in the City 2.
2010 has not been a great year as revelations are revealed concerning off shore drilling, European countries debt exceeding their GDPs, and the ‘flash crash’ fallout on May 6th. These uncertainties are adding volatility to the markets and traders and investors are seeking safety within Treasuries, gold, and the dollar. The market will continue to go lower as the volume of trades continues lower as we enter the slow summer months and low risk assets become more appealing.
On Friday the S&P 500 index ended the last trading day in May at 1089. We have mentioned that the 1090 resistance level is a major level to break. It was broken on Thursday due to a short covering rally and fell back.
The S&P 500 index is currently trading below the January 2010 resistance level and ended the day on Friday on the 200 day moving average on the daily chart of 1089.
The Chicago Board Options Exchange (CBOE) Market Volatility index (VIX) measures options activity within the market and is widely used tracking the S&P 500. A common trading strategy for traders and investors includes a VIX level of 30 or above means an immediate switch from equities to cash. Traders and investors are retreating from the markets and finding safety and protection within the dollar.
As long as we stay above this level expect pessimism as we approach the slow summer months. Currently the VIX is above the 144 and 200 day moving averages on the daily chart. The index is also slightly above 30 so unless it is below this level do not expect a confirmed rally or upside within the equities market.
Summary of Pivot and Technical Levels
1219: S&P 500 52 Week High
1115: 144 Day Fibonacci Moving Average on Daily Chart
1100: Natural Resistance Level
1091: 144 Day Fibonacci Moving Average on 5 Minute Chart
1090: Strong Resistance Level
1089: 200 Day Fibonacci Moving Average on Daily Chart
1088: 200 Day Fibonacci Moving Average on 5 Minute Chart
1175: Natural Support Level
Wednesday Economic Calendar
Motor Vehicle Sales
ISM Mfg Index / 9.00 EST
Construction Spending / 10.00 EST
Disclaimer
The content in this website is provided for educational and informational purposes only. We offer no investment advice and nothing in this material should be construed as such. There is risk of loss when you invest; past performance is never a guarantee of future performance. Trading is the sole responsibility of the individual. No reader should act on the basis of any matter contained herein without getting appropriate professional advice. Every investor or trader should consider all offerings of products and services on their own merits and for suitability to the individual’s personal needs and circumstances.
- About the Author: Shamim Ziyaaudhin is one of the editors of TraderMongers.com a one stop trading news feed source for worldwide traders and investors. Their philosophy is to establish the standard for providing market news feed that is comprehensive, accurate, and concise. Providing technical and fundamental trading setups, economic numbers, and calendar events throughout the trading day. Shamim has a Masters in Business Administration from Fairleigh Dickinson University and holds a degree in Psychology from Rutgers University. Click here to subscribe to Tradermongers E- News Article Source
Day Trading Economic News Analysis: S&P 500 May 26, 2010
Understanding the direction of the market as well as the economic activity will lead to profitable trades. Keep up with our live news feed with TraderMongers.com!
S&P 500
The European markets are plaguing the markets as their debts will hurt the global financial sectors. On the US front the Federal Reserve banks want to raise the discount rate, which is a sign of confidence of recovery within the economy. However jobless claims are still high so any chance of currently raising interest rates are nil.
The S&P 500 index finished as it did yesterday around the natural support level of 1175. Investors and traders maybe covering their shorts the ‘Volcker Rule’ is slowly becoming a reality which limits high-risk trading near July 4th.
The index met resistance due to Monday’s previous high as well as the convergence of the 144 and 200 day moving averages on the 5 minute chart. The S&P 500 index should be trading below the 1190 Monday’s resistance. An upward breakout could possible push the towards the 1110 area.
Looking at the daily chart of the S&P 500, the index is currently trading below the January 2010 resistance level as well as the 144 and 200 day moving averages. Yesterday we mentioned that the S&P 500 will be range bound between 1175 and 1110 as we head towards the slow summer months. The index traded below this range however rallied and finished near the natural resistance level of 1175.
The Chicago Board Options Exchange (CBOE) Market Volatility index (VIX) measures options activity within the market and is widely used tracking the S&P 500. Increasing volatility implies pessimism within the market and stocks sell off as traders seek protection for their assets.
A common trading strategy for traders and investors includes a VIX level of 30 or above means an immediate switch from equities to cash. Traders and investors are retreating from the markets and finding safety and protection within the dollar. As long as we stay above this level expect pessimism as we approach the slow summer months. Currently the VIX is above the 144 and 200 day moving averages on the daily chart. The index is also slightly above 30 so unless it is below this level do not expect a confirmed rally or upside within the equities market.
As long as we are below the 1075 level on the S&P 500 and the market volatility is above 30 expect choppy trading with no confirmed rallies. We still expect the market to be range bound between 1075 and 1100.
Summary of Pivot and Technical Levels
1219: S&P 500 52 Week High
1116: 144 Day Fibonacci Moving Average on Daily Chart
1110: Natural Resistance Level
1190: Monday’s Previous High
1086: 144 Day Fibonacci Moving Average on 5 Minute Chart
1085: 200 Day Fibonacci Moving Average on Daily Chart
1175: Natural Support Level
1069: 200 Day Fibonacci Moving Average on 5 Minute Chart
Wednesday Economic Calendar
Mortgage Applications / 7.00 EST
Durable Goods Orders / 8.30 EST
New Home Sales / 10.00 EST
Petroleum Report / 10.30 est
Disclaimer
The content in this website is provided for educational and informational purposes only. We offer no investment advice and nothing in this material should be construed as such. There is risk of loss when you invest; past performance is never a guarantee of future performance. Trading is the sole responsibility of the individual. No reader should act on the basis of any matter contained herein without getting appropriate professional advice. Every investor or trader should consider all offerings of products and services on their own merits and for suitability to the individual’s personal needs and circumstances.
- About the Author: Shamim Ziyaaudhin is one of the editors of TraderMongers.com a one stop trading news feed source for worldwide traders and investors. Their philosophy is to establish the standard for providing market news feed that is comprehensive, accurate, and concise. Providing technical and fundamental trading setups, economic numbers, and calendar events throughout the trading day. Shamim has a Masters in Business Administration from Fairleigh Dickinson University and holds a degree in Psychology from Rutgers University. Click here to subscribe to Tradermongers E- News Article Source
Day Trading Economic News Analysis: S&P 500 May 25, 2010
Understanding the direction of the market as well as the economic activity will lead to profitable trades. Keep up with our live news feed with TraderMongers.com!
S&P 500
Fear overseas is playing apart during today’s trading. Greece debt and the bailout offered are presenting questionable actions on whether the play will help the euro. China’s real estate bubble and the falling price of copper are indicating fears of deflation rising throughout the global economy.
The S&P 500 index finished just below the natural support level of 1175. The index met resistance due to Monday’s previous high as well as the convergence of the 144 and 200 day moving averages on the 5 minute chart. The S&P 500 index should be trading below the 1190 Monday’s resistance. An upward breakout could possible push the towards the 1110 area.
Looking at the daily chart of the S&P 500 index, its still trading below January 2010 resistance level as well as the 144 day moving average of 1117. Expect the market to be range bound between 1175 and 1110 as we head towards the slow summer months.
The Chicago Board Options Exchange (CBOE) Market Volatility index (VIX) measures options activity within the market and is widely used tracking the S&P 500. Increasing volatility implies pessimism within the market and stocks sell off as traders seek protection for their assets.
A common trading strategy for traders and investors includes a VIX level of 30 or above means an immediate switch from equities to cash. Currently the VIX is above the 144 and 200 day moving averages on the daily chart. Traders and investors are retreating from the markets and finding safety and protection within the dollar. As long as we stay above this level expect pessimism as we approach the slow summer months.
Summary of Pivot and Technical Levels
1219: S&P 500 52 Week High
1117: 144 Day Fibonacci Moving Average on Daily Chart
1110: Natural Resistance Level
1190: Monday’s Previous High
1086: 144 Day Fibonacci Moving Average on 5 Minute Chart
1084: 200 Day Fibonacci Moving Average on 5 Minute Chart
1085: 200 Day Fibonacci Moving Average on Daily Chart
1175: Natural Support Level
Tuesday Economic Calendar
Consumer Confidence / 10.00 EST
Ben Bernanke Speaks / 20.30 EST
Disclaimer
The content in this website is provided for educational and informational purposes only. We offer no investment advice and nothing in this material should be construed as such. There is risk of loss when you invest; past performance is never a guarantee of future performance. Trading is the sole responsibility of the individual. No reader should act on the basis of any matter contained herein without getting appropriate professional advice. Every investor or trader should consider all offerings of products and services on their own merits and for suitability to the individual’s personal needs and circumstances.
- About the Author: Shamim Ziyaaudhin is one of the editors of TraderMongers.com a one stop trading news feed source for worldwide traders and investors. Their philosophy is to establish the standard for providing market news feed that is comprehensive, accurate, and concise. Providing technical and fundamental trading setups, economic numbers, and calendar events throughout the trading day. Shamim has a Masters in Business Administration from Fairleigh Dickinson University and holds a degree in Psychology from Rutgers University. Click here to subscribe to Tradermongers E- News Article Source
Day Trading Economic News Analysis: S&P 500 May 21, 2010
Understanding the direction of the market as well as the economic activity will lead you to profitable trades. Keep up with our live news feed and the trend with Tradermongers.com!
S&P 500 Pivots
On Thursday the US equity indexes continued it’s May sell off philosophy. All the major indexes were down for the day amplified by the European debt crisis, the oil-spill in the Gulf, and the recent 1000 point crash in the Dow Industrials. After a three day sell off there could be a possible rally due to options expirations tomorrow as well as traders and investors getting out of their short positions prior to the weekend.
The S&P 500 index on the 5 minute chart fell for the third straight session trading below the 144 and 200 day moving averages. The 200 day moving average converge with Wednesday’s previous low at 1101 so expect resistance between 1100 and 1101 going into Friday’s trading day. Commodities are weaker due to the events listed above as well as a possible slowdown in China will drain global growth. Today jobless claims were released and a jump from 25k to 471k didn’t encourage the US equity markets.
Currently the index is below the 200 day moving average on the daily chart. We have told our readers before the S&P 500 is currently undergoing a correction. On the daily chart of the index is currently trading below the January 2010 resistance level of 1121. The first resistance level is 1100 and 1101. Expect the S&P 500 to find resistance breaking the second resistance level between 1117 and 1120 area as it is below the January 2010 pivot level of 1121. We had a three day sell off in equities as we approach Friday’s trading day. Tomorrow expect a mini rally due to options expiration.
The market volatility index (VIX) measures option activity within the market and is widely used tracking the S&P 500. Increasing volatility implies pessimism within the market and stocks sell off as traders and investors are seeking protection for their assets instead of risks.
A common trading strategy for traders and investors includes a VIX level of 30 or above means an immediate switch from equities to cash. Traders and investors are retreating from the markets and finding safety and protection within the dollar. Currently the VIX is above the 144 and 200 day moving averages on the daily chart. As long as we stay above this level expect pessimism as we approach the slow summer months.
Summary of Pivot and Technical Levels:
1219: S&P 500 52 Week High
1101: 200 day Fibonacci moving average on 5 minute chart
1100: Natural Resistance Level
1096: 144 day Fibonacci moving average on 5 minute chart
1127 – 1141: Major resistance level for the S&P for January 2010
1117: 144 day Fibonacci moving average on daily chart
1085: 200 day Fibonacci moving average on daily chart
Friday Economic Calendar:
No Economic Numbers Scheduled
Disclaimer
The content in this website is provided for educational and informational purposes only. We offer no investment advice, and nothing in this material should be construed as such. There is a risk of loss when you invest; past performance is never a guarantee of future performance. Trading is the sole responsibility of the individual. No reader should act on the basis of any matter contained herein without getting appropriate professional advice. Every investor or trader should consider all advice and all offerings of products and services on their own merits and for suitability to the individual’s personal needs and circumstances.
All Right Reserved TraderMongers.com © 2010
- About the Author: Shamim Ziyaaudhin is one of the editors of TraderMongers.com a one stop trading news feed source for worldwide traders and investors. Their philosophy is to establish the standard for providing market news feed that is comprehensive, accurate, and concise. Providing technical and fundamental trading setups, economic numbers, and calendar events throughout the trading day. Shamim has a Masters in Business Administration from Fairleigh Dickinson University and holds a degree in Psychology from Rutgers University. Click here to subscribe to Tradermongers E- News Article Source
Day Trading Economic News Analysis: S&P 500 May 19, 2010
Understanding the direction of the market as well as the economic activity will lead you to profitable trades. Keep up with our live news feed and the trend with Tradermongers.com!
S&P 500 Pivots
On Tuesday all the major indexes were down for the day. ‘Sell in May and go away’ theme was amplified with the European debt crisis, the oil-spill in the Gulf, and the recent 1000 point crash in the Dow Industrials. Commodities are taking a hit as copper is going low and gold is finding ground.
Gold hit a record price in dollars of $1,249 last week. Gold imports have been increasing in India prior to April and May as they prepare for a million wedding ceremonies to be held during that time period. However gold fell short 1.1% falling $13.10 to $1215 as traders and investors are retreating from the markets and finding safety within the dollar. Crude oil is finding similar wear as it is trading around $68 a barrel with the stronger dollar. However crude oil is falling 25% faster than gold according the Dennis Gartman, editor of the Gartman letter.
The S&P 500 index on the 5 minute chart shows a downward trend on Tuesday trading below its moving averages as well as January 2010 support levels. Expect the market to go sideways unless it is given direction by today’s FOMC minutes.
We have told our readers before the S&P 500 is currently undergoing a correction. The seasonal trading strategy of ‘Sell in May and go away’ is currently strong. On the daily chart of the S&P 500 we are currently trading below the January 2010 support level. Expect some support around this area unless the bears take over the market and push the index below the 144 and 200 day moving averages on the daily chart.
The market volatility index measures option activity within the market and is widely used tracking the S&P 500. Increasing volatility implies pessimism within the market and stocks sell off. Currently the market volatility is above the 144 and 200 day moving averages on the daily chart. As long as we stay above this level expect pessimism as we approach the slow summer months.
Summary of Pivot and Technical Levels:
1219: S&P 500 52 Week High
1150: Natural Support Level
1134: 144 day Fibonacci moving average on 5 minute chart
1131: 200 day Fibonacci moving average on 5 minute chart
1127 – 1141
Major resistance level for the S&P for January 2010
1118: 144 day Fibonacci moving average on daily chart
1084: 200 day Fibonacci moving average on daily chart
Wednesday Economic Calendar:
Mortgage Applications / 7.00 EST
Consumer Price Index / 8.30 EST
Petroleum Report / 10.30 EST
FOMC Minutes / 14.00 EST
Disclaimer
The content in this website is provided for educational and informational purposes only. We offer no investment advice, and nothing in this material should be construed as such. There is a risk of loss when you invest; past performance is never a guarantee of future performance. Trading is the sole responsibility of the individual. No reader should act on the basis of any matter contained herein without getting appropriate professional advice. Every investor or trader should consider all advice and all offerings of products and services on their own merits and for suitability to the individual’s personal needs and circumstances.
- About the Author: Shamim Ziyaaudhin is one of the editors of TraderMongers.com a one stop trading news feed source for worldwide traders and investors. Their philosophy is to establish the standard for providing market news feed that is comprehensive, accurate, and concise. Providing technical and fundamental trading setups, economic numbers, and calendar events throughout the trading day. Shamim has a Masters in Business Administration from Fairleigh Dickinson University and holds a degree in Psychology from Rutgers University. Click here to subscribe to Tradermongers E- News Article Source
Day Trading Economic News Analysis: S&P 500 May 10, 2010
Understanding the direction of the market as well as the economic activity will lead you to profitable trades. Keep up with our live news feed and the trend with Tradermongers.com!
S&P 500 Pivots
On Friday the market indexes continued its downtrend stride as economic data is overshadowed by concerns on European sovereign debt due to the PIGS: (Portugal, Italy, Greece, and Spain) as well as the ongoing Goldman Sachs investigation. The S&P 500 index market fell another 17 points in addition to the 50 point crash on Thursday. The continued sell off takes all the gains made in 2010. The euro rose slightly against the dollar as traders who shorted the euro took money off the table before the weekend.
The PIGS crisis is pushing the possibility of the Federal Reserve raising interest rates faster than its European counterparts. However it does not seem like a viable option. Looking at the technicals, Monday’s primary pivot point is 1113. Currently the market is below this pivot point as well as the 144 and 200 day moving averages on the 5 minute chart.
As we have told our readers before the S&P 500 is currently undergoing a correction. It has lost nearly all the gains made in 2010. The index is currently below the 1127 level where it was back in mid January. The market continues to sell off due to the uncertainty of the Goldman Sachs probe leading the way for new financial regulations in the near future as well as the crisis with the European markets. Breaking the 200 day moving average of 1078 on the S&P daily chart would definitely cause a continued slide in the market.
The seasonal trading strategy of ‘Sell in May and go away’ is currently ringing true. The market volatility index hit 40.95 above what the index was last year. The index recently hit a 52 week low last month of 15.23. On the daily chart the market volatility traded above the 144 and 200 moving averages. These moving averages which were resistance levels have become support levels. The index continues to increase as traders sell off from equities
Summary of Pivot and Technical Levels:
1219: S&P 500 52 Week High
1164: 55 day Fibonacci moving average on 5 min chart
1150: Natural Support Level
1127 – 1141
Major resistance level for the S&P for January 2010
1136: 55 Fibonacci MA on 5 min chart
1120.5: Friday Primary Pivot Point
1114: 144 day Fibonacci moving average on 5 min chart
1113: Monday Primary Pivot Level
1111: Friday’s Previous Close
1078: 200 day Fibonacci moving average on 5 min chart
Friday Economic Calendar:
Bank of England Interest Rate Announcement
Speakers:
Ben Bernanke
Disclaimer
The content in this website is provided for educational and informational purposes only. We offer no investment advice, and nothing in this material should be construed as such. There is a risk of loss when you invest; past performance is never a guarantee of future performance. Trading is the sole responsibility of the individual. No reader should act on the basis of any matter contained herein without getting appropriate professional advice. Every investor or trader should consider all advice and all offerings of products and services on their own merits and for suitability to the individual’s personal needs and circumstances.
All Right Reserved TraderMongers.com © 2010
- About the Author: Shamim Ziyaaudhin is one of the editors of TraderMongers.com a one stop trading news feed source for worldwide traders and investors. Their philosophy is to establish the standard for providing market news feed that is comprehensive, accurate, and concise. Providing technical and fundamental trading setups, economic numbers, and calendar events throughout the trading day. Shamim has a Masters in Business Administration from Fairleigh Dickinson University and holds a degree in Psychology from Rutgers University. Click here to subscribe to Tradermongers E- News Article Source
Day Trading Economic News Analysis: S&P 500 May 5, 2010
Understanding the direction of the market as well as the economic activity will lead you to profitable trades. Keep up with our live news feed and the trend with Tradermongers.com!
S&P 500 Pivots
We have mentioned previously, uncertainty with further regulatory agencies could cool down Wall Street as the result of Goldman Sachs probe. The market is most likely to be weak after the April 15th tax deadline. All the major indexes fell below their natural support levels. Dow Industrials finished off below 11,000, Nasdaq is below 2500, and the S&P 500 is down to 1174 regardless of the positive earnings reported on Tuesday, May 4th.
The S&P 500 broke through three previous lows within the last three days as well as the natural support of 1200. The index paused near the 55 Fibonacci moving average on the 5 minute chart.
Euro traded below $1.30 for the first time since April 2009 due to long term concerns over the Eurozone sovereign debt. The US dollar soared as investors and traders rushed to safety out of the markets. This event is pushing the possibility of the Federal Reserve raising interest rates faster than its European counterparts.
European markets suffering due to various weak countries such as Greece, Portugal, and Spain have also played their part today within bringing a weak global economy. As we approach the seasonal trading strategy of ‘Sell in May and go away’ we expect the market to have a correction or consolidate around the 1200 level before finding direction.
Looking at the market volatility index which has been trending lower since October of 2008 and recently reached a 52 week low of 15.23 – on Monday the index is approaching the 144 and 200 moving averages on the daily chart. The market may be looking to sell off due to the uncertainty of the Goldman Sachs probe leading the way for new financial regulations in the near future as well as the crisis with the European markets. On Tuesday market volatility is currently above the 144 and 200 moving averages on the daily chart and will most like begin to trend higher.
Summary of Pivot Levels:
1219: S&P 500 52 Week High
1208: Friday’s Previous Low
1200: Natural support level
1199: 144 and 200 Moving Averages
1193: Last Thursday’s Previous Low and
55 Fibonacci MA on Daily Chart
Wednesday economic calendar includes: mortgage applications, crude oil report, and ISM Non-manufacturing index.
Disclaimer
The content in this website is provided for educational and informational purposes only. We offer no investment advice, and nothing in this material should be construed as such. There is a risk of loss when you invest; past performance is never a guarantee of future performance. Trading is the sole responsibility of the individual. No reader should act on the basis of any matter contained herein without getting appropriate professional advice. Every investor or trader should consider all advice and all offerings of products and services on their own merits and for suitability to the individual’s personal needs and circumstances.
All Right Reserved TraderMongers.com © 2010
- About the Author: Shamim Ziyaaudhin is one of the editors of TraderMongers.com a one stop trading news feed source for worldwide traders and investors. Their philosophy is to establish the standard for providing market news feed that is comprehensive, accurate, and concise. Providing technical and fundamental trading setups, economic numbers, and calendar events throughout the trading day. Shamim has a Masters in Business Administration from Fairleigh Dickinson University and holds a degree in Psychology from Rutgers University. Click here to subscribe to Tradermongers E- News Article Source
ETF Trend Trading Webinar – How the Pros Make More Money With Less Risk
This Wednesday, May 5th at 9 pm EST, join us for a free session with an ex $50 Million dollar fund manager when he reveals the secrets professional money managers use to:
– Risk 1-2% per trade and still make great returns.
– Instantly remove 95% of your trading emotions(as you know, fear and greed are the successful traders’ enemy) with two simple tricks.
– He’ll also show you how to reduce risk using his unique position sizing technique:
– A combination of a percentage risk stop and a technical stop.
– Plus an advanced tip using this concept that can instantly double your returns regardless of what system or markets you trade.
– He explains why trading is not a “zero sum game” and what this really means for you.
– How you can make profitable trades in only 10 minutes per night.
– Plus how Warren Buffett, Jim Rogers and others became great traders and investors.
– And, what the “gurus” selling hype trading courses are hiding from you and an easy way to spot a counterfeit “trading teacher” from a mile away.
– Much more.
Sound like a good use of an hour of your time? I hope so… in fact, since this invitation is going out to over 255,145 people and we’ve only got 1,000 seats, I’m sure it’s going to “sell out” even though it is free.
So, if you think you can make it, go ahead and click here to reserve your spot.
He will share a little of his story, but most of the hour will be spent showing you how to improve your trades. I like to share valuable information with my subscribers and this is a great opportunity to learn from a pro – for free.
He told me the other day that he could take even an average breakeven system and turn it into a profitable one by changing the money management and position sizing of the trades.
Now, what if you do that, on top of having a great system? You get long term consistent results;that’s what.
To hear it straight from the expert, go ahead and click here to register.
- About the Author: Rob Trader – Forex Expert http://tradingtoollist.co.cc/ Article Source
Day Trading Economic News Analysis: S&P 500 April 30, 2010
Understanding economic activity as well as the direction of the market will lead you to profitable trades. Keep up with our live news feed – Sign up at TraderMongers.com
S&P 500 Pivots
Another positive day for the S&P 500, the Nasdaq, and the Dow as they all traded into positive terrority on the day after of the FOMC announcement. Currently all the major indexes are broke through their natural resistance levels: Dow 11,000. Nasdaq 2500, and S&P 500 1200.
After strong economic earnings and jobless claims falling to 448,000 pushed the indexes higher. The S&P 500 Index is still below Wednesday’s previous high of 1211. Breaking this level would represent a significant upward dash to the 52 week high of 1220.
Friday is the last day in April so expect some end of the month activity with various economic numbers expect. GDP numbers will give us the momentum of the market going into the first quarter of 2010. The market is mostly likely to be weak after the April 15th tax deadline. Since the S&P 500 is back below the natural support level of 1200 – the daily chart may indicate the beginnings of a trend change as we reach the ‘Sell in May’ prophecy. However the daily trend remains quite strong.
The market volatility index fell to 18.44 after nearing the 200 moving average on the daily chart. It reached the 52 week low of 15.23.
Summary of Pivot Levels:
1220: 52 Week High
1211: Wednesday’s Previous High
1203: Friday’s Primary Pivot Level
1200: Natural Support
Disclaimer
The content in this website is provided for educational and informational purposes only. We offer no investment advice, and nothing in this material should be construed as such. There is a risk of loss when you invest; past performance is never a guarantee of future performance. Trading is the sole responsibility of the individual. No reader should act on the basis of any matter contained herein without getting appropriate professional advice. Every investor or trader should consider all advice and all offerings of products and services on their own merits and for suitability to the individual’s personal needs and circumstances.
All Right Reserved TraderMongers.com © 2010
- About the Author: Shamim Ziyaaudhin is one of the editors of TraderMongers.com a one stop trading news feed source for worldwide traders and investors. Their philosophy is to establish the standard for providing market news feed that is comprehensive, accurate, and concise. Providing technical and fundamental trading setups, economic numbers, and calendar events throughout the trading day. Shamim has a Masters in Business Administration from Fairleigh Dickinson University and holds a degree in Psychology from Rutgers University. Click here to subscribe to Tradermongers E- News Article Source
How The Pros Make More Money With Less Risk
Do you want to Discover How To Safely Average $643 a Month For Every $10,000 Invested?
Join me This Thursday, January 7th at 9pm EST, join me for a free session with an ex $50 Million dollar fund manager when he reveals the secrets professional money managers use to:
- Risk 1-2% per trade and still make great returns.
- Instantly remove 95% of your trading emotions (as you know, fear and greed are the successful traders’ enemy) with two simple tricks.
- He’ll also show you how to reduce risk using his unique position sizing technique:
- A combination of a percentage risk stop and a technical stop.
- Plus an advanced tip using this concept that can instantly double your returns regardless of what system or markets you trade.
- He explains why trading is not a “zero sum game” and what this really means for you.
- How you can make profitable trades in only 10 minutes per night.
- Plus how Warren Buffett, Jim Rogers and others became great traders and investors.
- And, what the “gurus” selling hype trading courses are hiding from you and an easy way to spot a counterfeit “trading teacher” from a mile away.
- Much more.
Sound like a good use of an hour of your time? I hope so… in fact, since this invitation is going out to over 232,322 people and we’ve only got 700 seats, I’m sure it’s going to “sell out” even though it is free.
So, if you think you can make it, go ahead and click here to reserve your spot.
==> http://www.etftrendtrading.com/cmd.php?af=1114687
He will share a little of his story, but most of the hour will be spent showing you how to improve your trades. I like to share valuable information with my subscribers and this is a great opportunity to learn from a pro – for free.
He told me the other day that he could take even an average breakeven system and turn it into a profitable one by changing the money management and position sizing of the trades.
Now, what if you do that, on top of having a great system? You get long term consistent results; that’s what.
To hear it straight from the expert, go ahead and click here to register.
==> http://www.etftrendtrading.com/cmd.php?af=1114687
I look forward to seeing you Thursday night.
Rob Trader – Forex Expert
http://tradingtoollist.co.cc/ Article Source:http://www.articlesbase.com/day-trading-articles/how-the-pros-make-more-money-with-less-risk-1666943.html
