Emini Podcast For August 6, 2012



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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
Use one simple method to trade -
Trading news driven economic events is an art unto itself. Notice I call it an Art, not a Science. Markets can rally on what appears to be a dismal economic report and they can also drop precipitously on what to the ordinary man appears to be perfectly good news. This is not to say that markets don't also run up on bullish news and decline on dour news... they do. That's what makes it more art than science.
The news itself is secondary to how market participants react to the news. A trader who specializes in trading economic news events is watching the crowd just as closely as he is watching the numbers, perhaps even closer. Interest rates, unemployment numbers, or the central bank's policy shifts are just three examples of news driven events that can create extremely volatile trading environments.
Our soft launch of the Soybean Daytrader over the weekend handed early adopters a handsome 30% potential return during the first 3 days of trading. Our roll out will continue to be slow and steady over the next few weeks. If you did not receive an invitation and would like to participate, please leave us a review and rating on iTunes and we'll add you to the guest list.
Stay tuned for upcoming launch news of our Crude Daytrader and Euro Daytrader.
Daily Chart
This is the 3rd test of the top since the Channel began April 2, 2012
We've seen another week of excellent results via the CFRN Emini Futures Twitter Feed. We encourage you to benchmark any trading system on the internet against our results. All Tweets are a matter of Public Record and carry an Official Time Stamp. Our Emini Tweets are longer term directional ideas that often result in dramatic moves.
A word of caution as you look back, hindsight is 20/20. To succeed as a trader -
"You must learn how to trade"
The best guidance in the world will ultimately break you both financially and psychologically unless you understand proper execution and risk management techniques. In hindsight it may look as though it would be hard to be wrong, I assure you that is not the case. We spend 2 hours a day for 90 days making sure those who take our Emini Futures Trading Course understand both.
As you will see in a moment Emini Futures prices tend to stop and reverse several times at or around the same price level. Why is that? What is it that makes a particular price important? Is it a secret formula discovered by men with names like Fibonacci, Bollinger, or Wilder? Perhaps...
Or, did they discover something more about the nature of man vs. the nature of numbers?
I've worked with formulas, ancient alchemy, and even burned a little sage in search of the answer. Right or wrong, here's my opinion...
After the build up this may sound a little mundane. We know a price is important because it gets "tested". Can we know it's important before the test? hmmmm...
It does seem a bit odd that an imaginary spot on the chart can hold prices down or prop them up. Those spots are not imaginary, they represent the collective valuation of every trader currently in the market. As we test that price over a period of time we can "connect the dots" and create lines. That's right, good ol' Support and Resistance Lines.
For the most part you can trade Emini Futures just as you normally would during earnings season with one great big caveat - Be Flat Before the Open and Close.
Thursday 526 companies will report earnings. Some before the open, some after the close and quite a few at "unspecified" times. Many of these companies you've never heard of and no matter what type of earnings they report, their is little chance that they will move the overall markets. There will also be 381 webcasts, mostly during the trading day. The companies that are heavily followed and do have the ability to move the markets are also the ones that everyone knows exactly when the report will be released... and they're waiting.