Markets approach critical point
W.D. Gann stressed the idea that “When time has come, then and only then will a market move”. More deeply his insights point to the equivalency of time and price as superficial markers of energy. Current calculations suggest that time is running out for various financial sectors to reach critical resonance points correlated with directional […]
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Mentor Mike’s Market Movie for Saturday, 5/10/14
Today’s Market Movie recaps my personal trades for this past week – one of my worst weeks all year. Get Mentor Mike’s Daily Email Updates Get the same announcements I send to my students. Just submit your email address and I will add you to the mailing list: mentormike@sbcglobal.net. Market Movie video play button
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Mentor Mike’s Trades for Wednesday, 5/7/14
Fellow Traders: Since Stochastics are plotted on a closed scale and MACD on an open scale, some of you may have had problems reading their signals when I combine them in the same chart panel. Accordingly, I have created a new trio of templates that delete the Stochastics and use only the MACD with the […]
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Mentor Mike’s Trades for Tuesday, 5/6/14
Fellow Traders: Despite a fairly consistent bearish market, it took me 6 trades and about 6 hours to earn my Grand-A-Day (specifically, $1,551 – enough extra to average with my light day yesterday). I had to extend my stop to avoid a loss. I never recommend that strategy to students, but I have used it […]
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Mentor Mike’s Trades for Monday, 5/5/14
Fellow Traders: I had some other chores today so I was only able to take a couple trades later in the day. Hence, I fell a bit short in my Grand-A-Day ($867). Hopefully, I can average it out over the rest of the week. I have also included my EW count for today on a […]
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Mentoring is integral to success in speculation
First and foremost, trading is a probabilities business. It’s primary component being information. The acquisition of relevant information, and the analytical skills necessary forcorrect interpretation are central to investment success. Like all games, financial speculation has many rules and numerous variables. The challenges peculiar to this business, specifically arise from the fact, that there are […]
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Mentor Mike’s Fastest Grand-A-Day Ever!
Fellow Traders: Today, at 5:30am PDT, the Unemployment Rate report came out. Ever since the recession began in ’07, this report has been the foremost meter of the nation’s economic health. It can produce a quick, temporary and substantial knee-jerk reaction in the market depending on whether the actual rate is better or worse than […]
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Mentor Mike’s Trades for Thursday, 5/1/14
Fellow Traders: Corrective waves on higher time frames make for interesting trading. I got my Grand- A-Day. We had it in the Trading Room, too, but I got faked out and gave some back. Happily we still finished in the money. My rookie mistake was due to my belief that the bearish pattern we were […]
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Mentor Mike’s Trades for Wednesday, 4-30-14
Fellow Traders: Today was Day Two of a 2-day FOMC meeting. The market tends to go crazy for about an hour regardless of what the announcement is at the Fed’s press conference. The added volatility can be dangerous, but it can also provide some good opportunities if you’re bold enough to take advantage. In my […]
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Mentor Mike’s Market Movie for Saturday, 4/19/14, “Elliott Wave – Just the Essentials”
Today’s Market Movie is the video of Mentor Mike Bridges’ latest webinar, “Elliott Wave – Just the Essentials,” recorded Saturday, 4/19/14, at 9am PDT. Get Mentor Mike’s Daily Email Updates Get the same announcements I send to my students. Just submit your email address and I will add you to the mailing list: mentormike@sbcglobal.net. Market […]
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