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How I Made $4,000 In One Day With The Eur/Usd And How You Can Do It Too

BeatWallStreetNow.com — Mon, 03 May 2010 23:08:47 +0000

In my last post I showed you a simple but powerful technique known as an inside candle breakout. I hope you went on to use that technique to make some money for yourselves.

Today I am going to show you how I used this technique to make an easy 40 pips trading the Eur/Usd intraday. I hope by seeing the trades I took you will see how easy it is to profit in any market if you have the right tools.

Here is a chart of the 15min Eur/Usd from Friday, April 30, 2010:

1. At this point we see a breakout of the previously established inside candle. I immediately went short here and got in at about 1.3314.

2. Here we see that price continued to move down even further but couldn’t sustain the movement as it quickly shot back up and left the candle with a long wick. Now this could have signaled a reversal and would cause many traders to get out of the trader for fear of taking a loss, but since at this point I had already taken partial profit and trailed my stop forward I had nothing to lose so I decided to let the position run.

3. After a brief pause price continued its downward movement however I knew there was a possible area of support at around1.3265 as evidenced by the blue line. So I decided that this area was where I would closed out my trade. I ended up taking profit at 1.3266 for a total of 48 pips in profit which made me about $4,000 dollars.

Do you see how easy it is to trade these candles? I really hope that you take this technique and use it to profit in any market you choose, but before you do make sure you demo trade with it first. So that you can test it out in a risk free environment. Until next time.

Happy Trading,

Jason Madison

If you would like to learn about more patterns like these and how you can discover how you can learn the secrets to trading for a living then visit BeatWallStreetNow.com.

Chart of the Day: What Happens After a Weekly Loss of 3.9%?

FreeTradePicks.com — Fri, 22 Jan 2010 23:24:14 +0000

Well, we knew it was likely, and the day finally came when we had to pay the piper. The S&P 500 lost 3.9% this week, 2.2% of which came today. It’s a sobering reminder of why you never want to get complacent with the market.

More importantly, what’s next? I’ve got a basic roadmap/answer, and the use of a chart will make it easier to understand.

First of all, my apologies for all the mark-ups on the chart. I usually try and keep them as simple as possible, but in this case, they all are necessary. They’re at least color-coded though.

Basically, the S&P 500 finally found support at a short-term support line (green). Will this be the catalyst for a rebound, or did the index just happen to stop there today because there was just no more selling capacity left to give with this session? I think it’s the latter, meaning a rebound is not imminent…. though I do expect to see a bullish – and temporary – pushback come next week.

Just below that support line is a horizontal support floor (red) at 1084. This could also act as a rebound point, either temporarily, or permanently. Again, if it does act as support, I expect it to be temporary.

The purple line is another support level… one that has much more meaning, in that it was the rebound point for two major pullbacks, and ultimately the catalysts for the three month rally that came to a close this week. It’s at 1026, and is my ultimate target.

(The blue line is the prior support line that clearly has no bearing for a near-term outlook.)

S&P 500

Now, you’re probably wondering to yourself why I’m talking about all this short-term stuff when I’m actually a long-term investor myself, and this service is designed to help long-term investors get more out of the market. My short answer is…. it matters.

I know many of you are looking to buy at or near major bottoms. I don’t think we’re there yet. I think the actual bottom will be somewhere around 1026 – the purple line – which is about another 6% below where we are now. That 6% may not seem like a lot now, but if the market only returns 6% for the whole year (a distinct possibility), that’s going to be a very important 6% after the fact. So, pinpointing the best entry spots – even in the short run – matters to long-term investors.

As for what I think’s going to happen next week….

I’m pretty confident we’ll see a pretty strong bounce that will at least for a moment make my bearish all look completely wrong. I’m ok with that. The market still needs to make a good, healthy, ‘normal’ pullback of somewhere around 10% or more (from the peak), and now’s the ideal time for that to happen. Guess where that 10%-ish value is for the S&P 500 though… right around 1026.

If you happened to miss them the first time around, here are the updates laying out the framework for what we’re going to do now that the implosion has started.

Small Cap Company Profile for: Budget Center Inc. (BDGN.PK)

FreeTradePicks.com — Mon, 11 Jan 2010 08:14:47 +0000

Today we will be looking at Budget Center Inc., a very interesting company that just went public. It has been around since 2006 and is working to develop a variety of “budget” travel sites. BudgetCenter.com is their main site. There you can find company info including News, Global Strategy, Company Profile, Management Team details, Stock Info for Investors, and Contact information.

Also check out BudgetHotels.com to see one of their working sites in action.

Budget Center Inc Global Strategy:

“Budget Center’s core strategy is to leverage the revenues accruing to its “budget” domain portfolio through relationships with the major, well known, websites. This will provide our “budget” on-line visitors with access to thousands of hotel rooms, airlines, cruises and related activities around the world without Budget Center incurring the expense of developing and maintaining these inventories…”
-from BudgetCenter.com, click here to read more

COMPANY FACTS

Authorized Shares:

150,000,000

Outstanding Shares:

26,317,413 as of Sep 30, 2009

Transfer Agent:

Pacific Stock Transfer Company

Recent News:

Budget Center Engages The Wendling Group, LLC

Budget Center to Develop www.budgetskiing.com

Budget Center Announces LOI with HotelsCombined.com

Domain Name Portfolio:

BudgetCenter.com

BudgetHotels.com

BudgetAirlines.com

BudgetEntertainment.com

BudgetResorts.com

BudgeTravel.com

BudgetSkiing.com

BudgetAdventures.com

BudgetCharters.com

Budget-Cruise.com

BudgetFishing.com

BudgetInteractive.com

“The growing online travel market is projected to reach $140 billion by 2010. While it is recognized that this market will likely be adversely impacted by the current economic conditions it is also probable that businesses offering budget services stand to benefit from these same conditions.”
-from BudgetCenter.com, click here to read more

This message is part of a paid advertisement from The DreamTeam Group and should not be considered an investment recommendation. It has been complied from publicly available sources of information.

Portfolio Update – PAET Purchase Complete

FreeTradePicks.com — Thu, 22 Oct 2009 17:16:40 +0000

As I mentioned a few days ago, the portfolio tracking/analysis service I selected is very realistic in that it won’t allow me to buy more shares of a small-float stock in one day than I could actually buy in real life. As such, I had to ‘phase in’ my trade on PAETEC Holdings (PAET). Well, the allocation was completed today…. 10% of our total portfolio consists of PAET.

Here’s the current strategic allocation of our portfolio. Just bear in mind it’s still mostly cash (70%); the pie charts only look at the invested portion.

Allocation - 10/22/09

As for performance numbers and details for our hypothetical $10 million portfolio, these are the specifics…

Positions - 10/22/09

Get further analysis on PAET, ADTN, or DYN.