Mentor Mike’s Daily Turning Points for Wednesday, 6/17/11
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: 5 wins / 0 losses Chart […]
Read more...
Mentor Mike’s Daily Turning Points for Wednesday, 6/16/11
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: 5 wins / 0 losses Chart […]
Read more...
Mentor Mike’s Daily Turning Points for Wednesday, 6/15/11
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: 6 wins / 0 losses Chart […]
Read more...
Mentor Mike’s Daily Turning Points for Tuesday, 6/14/11
I will show you the trades presented by the daily turning points found in the EUR/USD forex pair and the ES futures. You do not 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 […]
Read more...
Turning Points for the EUR/USD & ES for Monday, 6/13/11
In this daily blog post I will show you the day trading opportunities presented by the EUR/USD forex pair and the ES futures using 5-minute charts of each market. Scoreboard EUR/USD: 5 wins / 0 losses; ES: 7 wins / 0 losses Chart Chat Today, both markets showed well-formed HI-LO-HI turning point patterns within […]
Read more...
Trading with Fibonacci Ratios
One of the most powerful set of tools we can use with tremendous accuracy and reliability are the Fibonacci ratios. These ratios are part of a class of ancient mathematical phenomenon known as sacred geometry. Fibonacci patterns are found in all things natural, including all freely traded markets. Many traders have had some exposure […]
Read more...
Signals for 06/13/2011
SELL GOLD This is what John Maynard Keynes would say if he were alive today! A recent article in a financial paper advocated a return to the Gold Standard, and disagreed with John Maynard Keynes’ famous statement “Gold is a barbarous relic”. The financial meltdown of 2008 and the current Middle East turmoil […]
Read more...
Update on time target arrival
In my Webinar presentation last Saturday, I provided some dates that I think will mark turning points for the stockmarket. The next date to arrive is June 12, 2011 (This coming Sunday). Since this arrives on the weekend, I’m anticipating a turn on Monday 06/13/11. Considering the recent trend, it appears the market is likely to […]
Read more...
System Design Alternatives
There is certainly no lack of methods for predicting time series. Traditional econometric models (e.g. ARMA) as well as various GARCH formulations have been extensively applied. More recently models based on Pareto-Levy (nonlinear) distributions incorporating embeddings in phase-space reconstructions have had some success. Neural networks, genetic algorithms, and their A.I. spinoffs are also used with […]
Read more...
CORRELATION:The true relationship between technical indicators and price movement
My good friend and fellow mentor, Ken Chow, developed a trading technique he calls SuperStructure. It uses only price. No indicators at all. He and his students do quite well. But, success at SuperStructure requires a certain mathematical aptitude that not everyone has. I know I don’t have it. I need more visual cues […]
Read more...