Emini FuturesCast / The Daily Pod 10/06/11
Partner's meeting tonight. Will wax eloquent tomorrow.
Live Trading Room Results
Every Trading Day 12-2pm Eastern
To view our charts and participate
in the live discussion
Compatible Trading Platforms
IMPORTANT NOTICE
Trading is risky and not suitable for all people. Please read the CFTC Required Disclosure Page and the CFRN Disclaimer Page as part of our Terms of Service.
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.
live market commentary, real-time application of the CFRN Proprietary Indicators, and trade signals in real-time.Ask questions and learn the most important trading lesson of all: WHEN, HOW, and WHY you should get in or out of a trade.
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
Partner's meeting tonight. Will wax eloquent tomorrow.
Live Trading Room Results
Tonight our hearts are heavy and our prayers are with the family of the greatest visionary of our time -
Steve Jobs
Our new Option Product is developing nicely. Partners will receive a full update tomorrow night in the Weekly Partners Meeting. The most recent trade had us buying 1120 and 1135 calls. If you want to be in the Partners Meeting or learn more about becoming a partner 1-866-928-3310 / support@cfrn.net
This foray into the world of the Greeks has this DayTrader thinking a little more about the value of time. And so for your entertainment, a movie trailer detailing a soon to be released movie about - (yep) TIME.
Ready to Bet Your Bottom Dollar?
In the mysterious case of the falling market, have we found a real (temp) bottom or is this merely a cloak and dagger valise complete with a very fine false bottom that opens up over a global economy in tatters? The final hour today was quite the accomplishment to the upside. Enough so that our breakdown which we have been in since last Wednesday at 1154.00 is now a break up above 1117.00
The next few days will tell the tale...
The Bottom Fell Out is a highly technical piece of analytical terminology that is used very rarely on this radio program. However, once the Howzenberker numbers are broken to the downside we do become literally speechless. We just dawdle around in our "Be The Knife" t-shirts and drool.
Friday's Podcast is an official "missing episode". If Lost ever returns we may find it.
Live Trading Room Results
(video on the way)
Elbow Update
It's now Sunday night and we're still breaking down. The initial break was Wednesday afternoon September 28 at the price of 1154.
1st swing down was good for 13 points.
2nd swing down - 20 points
3rd swing down - 34.5 points
Partners meeting tonight. No time for chit-chat! See you there....
(ok, just this - last night's elbow extension break good for 20 points max so far)
Live Trading Room Results
Break-Dancing CFRN Style!
We have a fresh elbow extension break on the hourly ES chart to the south side.
The previous break to the upside was on September 26th @ 1141.50. Price ran to 1190.00 on the 27th.
The previous break to the downside was on September 21st @ 1194.00. Price dropped to 1102.00.
I said all that to say this again -
We have a fresh elbow extension break to the downside @ 1154.00.
If you're even slightly curious what an elbow extension break is, like the idea of trading larger time frames, or just want to watch an old guy break dance - Drop in tomorrow!
Michael was back at the helm today, unfortunately for part of the day OEC had us sailing without full charting capacity. By the end of the Live Radio Broadcast we were back to full capacity.
We continue to bring ADDED VALUE to our Partners.
Since rolling out our Option Alert Service last Thursday we have had some very dynamic results. Join us in the live trading room tomorrow and during the live radio broadcast for more details on exactly how the service works, how you can benefit, and how you can be in the Partner's Only Meeting Thursday night.
Michael was out today but he will create a recap for us later. The early going was a bit of a head scratcher with the back and forth action. We ended up taking only 2 trades this morning in the Live Trading Room.
We bought the YM @ 10,735 @ 7:31:34 PDT and exited with a 20 point profit @ 10,755 @ 7:32:55 PDT
The second trade was far more exhilarating. The students called this one and I traded it blind based on what they have learned and without the benefit of a chart in front of me. They nailed it cold!