Gold Down Again?
A close in GCQ11 below $1496 will signal a downtrend, and a projected target of $1400. Currently gold is @ $1500/oz. A $100 per oz. price correction to $1400 is $10,000 per contract. Risk Disclosure: There is a risk of loss in trading. Whether it is commodities, stocks and/or […]
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Mentor Mike’s Daily Turning Points for Wednesday, 6/29/11
You don’t need to master complex cycle theories or pay to join some elite trading group in order to recognize and utilize daily turning points. I can teach you how to spot them and exploit them with conventional technical analysis. Scoreboard EUR/USD: 1 wins / 0 losses; ES: 4 wins / 0 losses […]
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Mentor Mike’s Daily Turning Points for Tuesday, 6/28/11
You don’t need to master complex cycle theories or pay to join some elite trading group in order to recognize and utilize daily turning points. I can teach you how to spot them and exploit them with conventional technical analysis. Scoreboard EUR/USD: 0 wins / 0 losses; ES: 4 wins / 0 losses […]
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Mentor Mike’s Daily Turning Points for Monday, 6/27/11
You don’t need to master complex cycle theories or pay to join some elite trading group in order to recognize and utilize daily turning points. I can teach you how to spot them and exploit them with conventional technical analysis. Scoreboard EUR/USD: 0 wins / 0 losses; ES: 4 wins / 0 losses […]
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Conventional Chart Analysis
The Nasdaq (September contract) is challenging 2300…stiff resistance. Technicals are pointing towards 2000 target by Labor Day 2011. If interested in how I came up with this chart prediction, give me a buzz!
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Mentor Mike’s Daily Turning Points for Friday, 6/24/11
You don’t need to master complex cycle theories or pay to join some elite trading group in order to recognize and utilize daily turning points. I can teach you how to spot them and exploit them with conventional technical analysis. Scoreboard EUR/USD: 5 wins / 0 losses; ES: 7 wins / 0 losses […]
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Conventional Technical Analysis vs. Psychological Evaluation of the Market
After 35 years trading as a technician in the commodity futures markets, and after winning the Chartist of the Year award, I do not believe that “conventional” technical analysis is the way to succeed in trading. My trading approach has the advantage of no interpretation…I call it the R2D2 System. […]
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Mentor Mike’s Daily Turning Points for Thursday, 6/23/11
You don’t need to master complex cycle theories or pay to join some elite trading group in order to recognize and utilize daily turning points. I can teach you how to spot them and exploit them with conventional technical analysis. Scoreboard EUR/USD: 4 wins / 0 losses; ES: 5 wins / 0 losses […]
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How to Pick a Market Top!
The Euro-currency and silver are currently setting up for a sell signal. Wednesday gold finally tested the highest closing price of 5/2/11, then retreated quickly. I would use the silver sell signal confirmation to go short the gold…. Can this be the top of the market?
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Mentor Mike’s Daily Turning Points for Wednesday, 6/22/11
You don’t need to master complex cycle theories or pay to join some elite trading group in order to recognize and utilize daily turning points. I can teach you how to spot them and exploit them with conventional technical analysis. Scoreboard EUR/USD: 0 wins / 0 losses; ES: 6 wins / 0 losses […]
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