Emini Podcast | Episode #1,551
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For traders seeking hands-on instruction in a virtual classroom, we offer the CFRN Live emini trading room. CFRN wraps all of its proprietary trading systems, indicators, and methodology into this unique educational environment.
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This show is so good because it not only talks about the markets , which we all are enthralled with, but also about finding out about ourselves and how it relates not only to our trading, but maybe even more important about how we see ouselves in the world we live in and how from the knowledge we take from this show can make ourselves a better human being in our life here on earth--I'll say it one more time"MAN I LOVE THIS SHOW"-thanks guys
Today's broadcast was sponsored by
Download a Free AudioBook Today!
Over 100,000 titles to choose from -
Including Mark Douglas - "Trading In The Zone"
From a historical perspective the odds of a Santa Claus Rally are good. How good?
However, with John "Thelma" Boehner and Harry "Louise" Reid barreling our economy towards the Fiscal Cliff, the odds may have shifted in favor of the Grinch this year.
10 years bonds currently yield 1.6%. If the bond bull were to stumble and yields went to 3% we could have a very different situation on our hands very quickly.
Our primary focus - S&P 500 Emini Futures
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We analyze and forecast all markets each and every trading day.
Got Questions? We take live questions from the audience.
Have a particular Market, Stock, or ETF you would like us to analyze? Bring it!
Tune in, watch our charts and be a part of the Lively Discussion.
“By failing to plan, you are planning to fail.” Benjamin Franklin
Over the weekend we released the PDF Companion for Partner Workshop #87. Based on emails and other feedback I've received, #87 opened a lot of eyes and minds as well. We have over 200 hours of Emini Training Videos in our video vault. These videos deal with every indicator we've coded, every setup we've created and the ultra simple rationale behind our trading methodology. Where #87 differs I think and the reason it has drawn so much attention, is we are now knee deep in not just "learning how to trade", we've moved into teaching you "How To Run A Successful Emini Trading Business".
You can own every indicator and trading system in the world, but that will never make you a successful trader. Having a solid plan and learning to follow the plan without deviation through good times and bad however, will.
“We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle” Winston Churchill
Will higher taxes stop the rich from trying to get richer? "Of course not", you say, "that's ridiculous". Don't be so quick to answer. A man in my position gets to talk from time to time with some of the upper crust, those refined 1 - 5 - 10%'ers, and quite frankly I'm shocked.
In an op-ed for The New York Times on Monday, Warren Buffett asks readers to imagine they've been offered a great investment opportunity. The Oracle of Omaha concludes from his decades of experience in the investment world that most wouldn't shy away from an opportunity just because they might have to pay more in taxes.
Our last Swing Trade ended on a bitter-sweet note. I gave our CFRN Partners some very sound reasoning to take off any remaining contracts at 1393.
Here is exactly what I told them -
The S&P Futures finished the week at 1404.75. High of the week was 1407.50. Our highest Weekly Trading Zone was 1406/1407. Weekly Zones are emailed to CFRN Partners prior to the market opening on Monday and also provided to those taking our Free Trial in the Live Trading Room.
(ES) Weekly Close S&P 500 Emini Futures
Earlier in the week on Tuesday we saw a "Touch and Go Landing" at the 1374/1375 Weekly Zone. This is significant in that we touched this Zone twice and saw no real consolidation. The market reached down from 1385 to touch the Zone almost in a compulsive type move, as though it had no other choice. You know, like the last rattle of the front door nob before retiring?
Many Traders focus on specific markets such as the S&P Emini Futures. I believe that being a specialist in one market is a desirable characteristic of a successful trader. However, no matter what your chosen market, from Crude to Live Cattle, there will always be days when a lack of volatility, direction, momentum, or some other key trait that originally attracted you to the instrument, just isn't there.
A mature trader may be able to recognize something is not quite right early on, and will simply choose to sit out the session and wait for another day. Unfortunately, depending upon the market you've chosen to specialize in, these days can often come grouped together. A string of days can sometimes become a string of weeks. That spells trouble...