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    Today's Ideas:

    IMPORTANT : Below is what we're looking at currently, but pay attention to our UPDATES on the side of each page for actual entry/exit times and prices. Refresh pages often! You will witness our winners AND losers; something that is rare in our business.    TO VERIFY ACTUAL PRICES AND TIMES, PLEASE CLICK ON  A TICKER ENTRY TO THE RIGHT.  ALL TRADES, WHEN THEY OCCURED, ARE VIEWABLE.  Whenever possible, we have included the ETF symbol for those who are not experienced trading futures, etc.

    Thursday, April 17, 2008

    Morning update


    Our new platform allows for easier and more frequent posts to explain the "whys?" of our actions and observations. It's important to have a specific plan prior to acting in the markets. Today I'll look for potential signals to get long NQ futures (Nasdaq 100) or the QLD etf sometime before 11:30 am. This trade, if taken, will be held several hours at most. I am not "getting long" stocks because I thing the bottom is behind us, but if a signal presents, it must be taken. The WEAT etf on the London Exchange is also behaving well, so is a candidate to possibly add units. We'll inform on the "ticker" of any trades taken at the exact moment we take the position, including price and size. I hope readers realize the value of that information as opposed to just sharing what symbol I traded. This allows newer traders to follow and learn about proper position sizing, which is one of the most important, but overlooked aspects of successful trading. Without this understanding, a trader could have a high win percentage and still lose money!

    Also keep an eye out for our "macro" setups, including the JPY (yen) long and the 30 year Treasury bond (ZB futures) short. I expect I'll get an entry signal in either or both in the next week or two. Along those same trends, I foresee a long side trade in the SRS and SKF etfs setting up before the end of next week. I'll share the trades with readers at the exact moment I make them. Remember to keep things as simple as possible. Traders are notorious for complicating the process through analysis of topics irrelevant to their time frame. It is far less important what vehicle we trade, rather than HOW we trade in and out, including "when" and "if" to add.

     

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