Emini Podcast For Monday 08/13/12



Every Trading Day 12-2pm Eastern
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in the live discussion
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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
Technical analysis is perhaps the oldest device designed to beat the market. It has a secular history whose origins can be traced to the seminal articles published by Charles H. Dow in the Wall Street Journal between 1900 and 1902.
The principles of technical analysis are derived from hundreds of years of financial markets data. Some aspects of technical analysis began to appear in Joseph de la Vega's accounts of the Dutch markets in the 17th century. In Asia, technical analysis is said to be a method developed by Homma Munehisa during the early 18th century which evolved into the use of candlestick techniques which have only recently made their way into the western world and Wall Street.
There are those who dispute Technical Analysis. One such highly respected individual is Burt Malkiel, noted author and professor at Princeton who believes the behavior of financial markets are more akin to a drunken sailor's stumble back to the ship. His work is highlighted in a very popular book now in its 11th printing -
An American economist and writer, most famous for his classic finance book A Random Walk Down Wall Street (now in its 11th edition, 2012). Burt is a leading proponent of the efficient market hypothesis, which contends that prices of publicly traded assets reflect all publicly available information, although he has also pointed out that some markets are evidently inefficient, exhibiting signs of non-random walk.
Malkiel in general supports buying and holding index funds as the most effective portfolio-management strategy, but does think it is viable to actively manage "around the edges" of such a portfolio, as financial markets are not totally efficient.
Every successful trader has at one time or another, in his or her trading career, experienced a trading “blow-up”. Some survive to trade another day, and many become another statistic. This is a topic not to be missed by anyone who wants to trade for a living and succeed. Why? Because, it’s not if a blow-up will happen, but when.
If you haven’t blown up an account yet, we will cover an understanding of the warning signs to help avoid or at least minimize the financial loss. If you have experienced a blow-up, knowing how to re-group and get back in the game without residual emotional challenges will also be beneficial to your future successes.
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