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» International Entrance Pages |
InformedTrades is an international community that strives to cater to individuals of all cultures. Accordingly, the flags at the top of each page allow members to translate a given page into the language associated with the flag.
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» ITCM Weekend Update -- March 6, 2010 |
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Mar 07, 2010 - by Simit Patel
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Here's where InformedTrades Sovereign Wealth Funds stand as the new trading week begins. You'll notice I made a small adjustment; the returns now show net returns, meaning after InformedTrades LLC has removed any transaction fees. Right now, fees are charged via a spread of 2 IP; however, I plan to move future funds to the model used with the forthcoming Ektrader Fund, in which InformedTrades LLC charges a fee only if the fund is profitable. In any event, weekend updates going forward will reflect liquidation prices and net returns -- meaning what you get after all fees are deducted.
Click here for last week's update.
Registered members can purchase funds in our store. Click here to register as an InformedTrades member.
And as a reminder, today is the last day to get in on this round of the Ektrader Fund. The deadline is midnight EST (New York City time, currently 5 hours behind GMT).
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4 Replies | 163 Views | Go to Discussion Page
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» Three Straight Dojis on EURUSD Weekly Chart -- What to Do? |
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Mar 06, 2010 - by Simit Patel
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Well folks, I looked at a bunch of different charts as the next step in our community fund; I pulled up GLD (gold ETF), UUP (US dollar bullish ETF), EURUSD (Euro/US dollar spot exchange rate), FXE (Euro ETF) using Prorealtime. I found a similar story across the board -- namely one of consolidation on EURUSD -- but the weekly chart EURUSD is what I found most interesting. See below.
Three consecutive dojis on the weekly chart, all of which are finding resistance at the 200 EMA. To me, that suggests the following:
1. We should move our stop on EURUSD to above the 200 EMA; if the market can break that, the EURUSD downward rally may be finished, or at least may give us an opportunity to short from a higher level when the retrace is done.
2. Note the moving averages, while consolidating, are still looking carrying a bearish slope. So I don't think the structure of the trend has reversed just yet, and so it still looks a bit bearish, in my opinion.
3. Place an entry order to short from resistance at the 200 EMA?
Checking With What Currensee Says
Over on our friend Forexer's blog, we've been having a great conversation on retail sentiment indicators. One retail sentiment indicator that has been acting as a great confirming indicator in our community fund adventures is Currensee. Currensee shows EURUSD traders are overwhelmingly long. If we use Currensee as a contrarian indicator, as retail sentiment indicators are typically interpreted, that would reinforce the bearish bias in our EURUSD trade. See the image below from the Currensee platform.
With Currensee's retail traders still at an average long position of above 1.4000, this suggests there may be traders holding on to losing positions without obeying proper money management protocols, as well as trying to pick bottoms. On the flip side, the profitable traders' average entry point just above 1.3700 may be a guideline for us if we wish to add to our short position from a higher level.
What do you think? And are there any other recommendations you have for what we should trade, now that we have room to take on more trades while still maintaining sound money management? Perhaps a GBPUSD setup -- especially in light of what Currensee is telling us about retail GBPUSD traders?
Reminder: Ektrader Fund Deadline Looming!
Just a quick reminder that the deadline to get in on the Ektrader Fund is near; by the end of this weekend EST (New York City time), deposits for this round of the fund will be closed. See our full discussion of the Ektrader Fund for all the details. The service will include mentoring from Ek on his advanced volume techniques, which I think will be great for novices and experienced traders looking to add a new dimension to their game. If you like Magic's free course, chances are you'll appreciate Ektrader's volume tactics, as they are rooted in the same school of thought.
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13 Replies | 566 Views | Go to Discussion Page
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» More Free Offerings From InformedTrades (And An Ektrader Fund Reminder) |
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Mar 05, 2010 - by Simit Patel
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Well folks, we know free stuff is a big part of how we roll here at InformedTrades. With that in mind, I wanted to highlight some free stuff:
1. Magic points us to a free subscription, in PDF format, to Futures & Options Trader Magazine. In that link I also included a link to a free subscription to SFO Magazine that is offered to InformedTrades members in the USA.
2. As a part of our review program, InformedTrades is offering a free one month subscription to Rick's Picks, a newsletter and trading recommendation service by Rick Ackerman. Click here for all the details. Ackerman's service is affordable ($50 USD per month) and I've hard some great things about it, so I thought it would be worthwhile sponsoring a review here at InformedTrades to see if the rumors I've heard were in fact true.
Last but certaily not least, I wanted to remind folks that the deadline to invest in the Ektrader Fund is near -- March 7th is your last chance to get in on the fund. Of course that's not free, but it's better: you may end up EARNING money! Learn 'n earn, that's how we roll at InformedTrades. 
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0 Replies | 172 Views | Go to Discussion Page
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» MarketClub: The Line Is Drawn In the Sand In the Equity Markets |
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Mar 04, 2010 - by Simit Patel
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Adam Hewison of MarketClub has a new video out in which he offers an update on his view of the US equities markets. Hewison was previously bearish, although based on the signals given by his MarketClub program, he's now a bull. Or, more correctly, Hewison is bullish on the major indices (DJIA, NASDAQ, and S&P 500) unless the following support levels are broken in this month:
DJIA: 9835
NASDAQ: 2100
S&P 500: 1044
Click here for the video in which Hewison elaborates on his analysis, highlighting charts and previous price action. I'd also encourage folks to check out our archive of previous MarketClub calls.
For reviews of MarketClub as well as a trading journal kept by InformedTrades Co-Founder David Waring documenting his use of MarketClub, click the button below.
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0 Replies | 218 Views | Go to Discussion Page
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