Happy Holidays!
Happy Holidays!! Steph and I hope the season finds you well and enjoying time with family and friends!!
We also want to wish you a happy, healthy and prosperous 2012!!
Intuitive?
Many times you can read or listen to a mentor you know that can help you but you sometimes just need to see the concepts presented in another way. I strive to create many ways to help students so I would like to introduce you to a friend, colleague and early mentor in my trading career. His name is Ray Burchett. Ray and I sat up many mornings back in 1997 studying charts and providing insight to our clients. At the time Ray’s specialty was the SP 500 and mine was the 30 Yr. Bonds. We collaborated on ideas and put together solid game plans to help not only ourselves succeed but our clients as well…
Here is some further information about Ray:
President
Archimedes Partners
January 2005 – Present (7 years)
Developed strategies, capabilities, trainings and software driving performance. Specificially tools for assessing, managing, and developing human capital. We strengthen employee affiliation, loyalty, and commitment through effective engagement programming. Our goal is to capture unrealized performance value by establishing, supporting, and sustaing a more intuitive culture.
President
Raymond H. Burchett Ltd.
August 1983 – December 2004 (21 years 5 months)
Performed market analysis, formulated and executed futures trading strategies for my own account as a member of the Chicago Mercantile Exchange.
President
Local Knowledge
September 1997 – October 2004 (7 years 2 months)
Created, commercialized and pioneered Internet based training, information and analytical resources including a proprietary charting platform to support futures day-traders.
His LIVE on-line weekday sequence runs from 4-6PM CT, Monday – Thursday for a total of 4 (four) sessions each lasting approximately 120 min. including Q&A. He also offers an all-day Saturday Session 9AM-5PM CT.
Registration page: www.intuitiveculture.com/index.html
Coupon code specifically for you 1322666630 – its value is $200 reducing retail cost from $400 to $200. This coupon opportunity is valid through the end of December 2011.
Trade Strong, Trade Smart and Always Have Enough to Trade Tomorrow!!
Against the Law
Is it against the law to cross the street against the light when there are no cars coming? Technically speaking yes. Steph knows a woman that crossed the street, when there was no cars coming but against the light. A traffic cop just so happened to come around the corner and see her do it. He gave her a $200 ticket. The woman scoffed at the idea of the ticket she felt was unnecessary and a joke. She blew it off! A notice in the mail came a couple months later telling her that since she ignored the fine it is now $400. She went to court and the judge reduced the amount to $300. Valuable lesson? Well for her, it was, because she got caught and she is now preaching up and down the street to everybody she knows to not j-walk.
Why is it that we have to learn the lesson the hard way? “Don’t touch the stove”; Mom and Dad shout, yet we still touch the stove. Don’t overspend and yet even our supposed role models in government ignore the signals.
I’m as guilty as the next person when it comes to no cars and crossing against a signal, especially when I am on a run. It breaks up the rhythm when you have to stop at the light and jog in place. But these moments that make you pause are actually life’s little gifts to get you to stop and slow down. Whats wrong with jogging in place for a couple of minutes to catch your breath. You still are going to run the distance you set out to run but come in a couple minutes slower. What is that two minutes going to do for you?
There is some lesson to learn when that moment hits. Stop and slow down. Stuck in a traffic jam maybe its time to turn on that self-help CD you bought last year and put in the player yet never listened to yet. Or maybe its a perfect chance to just sit in the car in silence and clear your head.
The problem with tweaking the rules or the law especially if you get away with it, you undoubtedly will do it again. People get a rush being a rebel and getting out ahead of everybody, even if it means doing it by bending the law. Is it ridiculous to wait in those moments at the street light with no cars. Some say yes and some say no. The punishment at one point may be that you get hit by a car as we wonder off and get caught up in our thoughts when crossing the street. I once woke a guy up who was just walking across the street and a driver on the phone didn’t see him. I yelled and the walker flinched and stopped as he noticed the car scream by leaving the pedestrian unharmed, startled and thankful. Careful what you think might be ridiculous!
Wait; am I talking about trading again. Of course! Why do we do things in the market that we didn’t want to do. Did the guy who just got missed being run over learn a lesson. Probably not. Do you as a trader who has gotten away with bending the rules learn a lesson. Probably not. Dont get run over and harm yourself physically and financially! Wake Up!
Whatever you decide to try; you can’t expect to win, if you don’t have a plan in place
Trade Strong!! Trade Smart!! and Always Have Enough to Trade Tomorrow!!
Hypocrisy!
I’m a little troubled with the MF Global Bankruptcy and the freezing of assets of individual traders (that had nothing to do with the bad bets of an FCM) that I see flashing on the news wires these days. It brings back memories of 2004 – 2005 when I was introduced to Spot Forex and Refco. Maybe many of you can remember back when Refco filed for bankruptcy. At the time Refco was the Big Dog firm of the day. During the bankruptcy fall-out we found that our Spot Forex accounts didn’t fall under CBOT, CME, NFA, CFTC and SEC segregated account protection policies so those accounts were raided and never returned to their rightful owners. We all felt that those accounts were protected should the firm get into trouble just as our futures accounts were. Were we wrong!! We lost all our funds in those accounts without ever making a trade that day. Through the court process years later maybe 25% at most was returned when all was said and done. Thankfully at the time my futures account was safe and secure as promised by the CBOT, CME, NFA, CFTC and SEC protection policies. At the time I kept the bulk of my money in my futures account and was quite pleased and relieved that things were handled as promised back then.
The scare however on the Spot Forex side in 2005 taught me to only carry what I needed to have to trade each day and I soon did that for both accounts (Spot and Futures). Sweeping regulations over the years and assurance from our regulators is the reason why I am still in this business today but I wasn’t going to hold my life savings in my accounts anymore. I learned my lesson and I relay this information to the very clients I help on a daily basis as well. The ironic thing for me is that the next day after the 2005 Refco bankruptcy (practically overnight) the header on my futures account statement read MF Global instead of Refco. Many of the Big Dogs over at Refco just kept their jobs and continued BUSINESS AS USUAL I GUESS up to 2011 but now under the MF Global umbrella. I guess in hindsight the good news for me was that not much longer after the 2005 Refco bankruptcy I walked away from MF Global as well and moved to other firms.
The news today about MF Global doesn’t leave me wiping my brow and saying thanks that I moved away from them as the real ALARMING ISSUE in my opinion is that the exchange and regulators watching over the ENTIRE INDUSTRY are not doing what they promised to do 100% of the time for the traders caught in the middle of the MF Global crisis. This promise is to guarantee that all trades made are backed and that the traders accounts are segregated and protected in case a FCM collapses to ensure safety for all. This crisis doesn’t effect me in the short term today but it leaves me thinking about the integrity of the entire industry in the long run. The thousands of other traders attached to MF Global are now looking for their mysteriously missing funds in what they thought were protected accounts (the $600M neighborhood and maybe in the Billions). As traders the CME and industry regulators make us as traders hold exorbitant amounts for margin (good faith money) in our accounts, rightfully so in a highly leveraged business. They charge fees every time we trade on top of the held margin as does the NFA to keep themselves profitable and funded in case of need.
Now it is time for the CME, NFA and other industry regulators to do their part, which is to protect the very business they say has a sound foundation; enough with the hypocrisy already! In my opinion the money in the futures accounts of traders needs to be returned if the integrity of the business is going to hold any merit. There is enough pressure to worry about with trading but to not have a foundation under our feet destroys the business.
Recession Is Over
When the Fed announced on August 9th 2011 to stay out of politics in this upcoming election by effectively locking interest rates at historic lows until mid 2013, they officially revealed their hand and told the richest 1% of our nations Billionaires that the manufactured recession will finally be over. Woo hoo!! The other central banks around the globe have seemed to be acting in kind and locking their interest rates as well without officially stating it as their in-action is telling. Employment data seems to be on the mend, troops are finally coming home from Iraq at year end and tyrants and terrorists seem to be dropping like flies as well. These are the big picture positives as I see them to date.
As I was writing this I even witnessed more confirmation that the recession is over as the European Central Bank just promised $100B more to our founding fathers of it all, Greece. Nothing like making the majority squirm until the last minute before offering what was needed in the first place. Sounds like a re-run of our debt ceiling drama in August. It helps the receivers of the aid to say a nicer thank-you I guess. Maybe some kissing of their toes is what they really wanted.
Pheeeew!!, so the top 1% is in better shape again; might even be a glimmer of hope as the NBA is doing a mini-series spin-off of the same play our Senators and Bank CEO’s just filmed. Copy cats! Probably just a diversion to keep our minds off the real issues. However, this all doesn’t say much for the remaining 99% of the country as government focus and media attention seems to still suggest head-butting with bank CEO’s for global dominance. Behind closed doors however the Fed’s statement back in August in my opinion reveals that the narcissistic duel between our Senate leaders and bank CEO’s finally might have found some common ground and made nice with each other. I don’t’ have to tell you what happens when the big dogs fight…stuff runs down hill, right?
Bank CEO’s and our nations Senators settled it seems for more of the same, which is a divided and conquered globe with a peace treaty between them by mid-2013. I am officially dubbing 2008-2011 as the “Wealthy Wars”. Cant you feel the love? So no need to worry, confused Wall Street occupiers; more promised rescue help with the likes of great sounding manufactured events like “Operation Twist” and more QE packages if needed will be unveiled at the most desperate hours over the next 18 months. The finish line is in sight; just another year and a half of the choke hold and another $100K added to the $100K of student loan debt you already may have piled up. Again, no need to worry, you will have a nice job waiting for you to work for the banks so you can pay off the generous gift loans from our government who in-turn get the lobby money from the banks that lock in who gets to run for office next term. Win – win for all!! Take a deep breath and suck in the circle of life. Taste like crude oil in my drinking water; oh no, I forgot that’s what the $7 bottles of the filtered good stuff are made out of as well, so keep it pumping and get used to the taste!
On a personal note; I just want to give a shout-out to our politicians; can you cool it a bit on the choke hold of our college students these days? They are going to be the ones supporting the markets and my 401K in my retirement years. I don’t have a secure bank roll of lobby money in my savings account and the promise of a lifetime secure retirement benefit like you.
Oh yeah; the markets…whats that say for the US dollar (USD)? More inflation, a weaker USD and higher food and gas bills on the horizon and it means that even Schwarzenegger is getting back to making movies again. Isn’t it nice when things are normal?
Here is a snapshot on how the USD got slammed again on Thursday October 27, 2011 (AUD, EUR, GBP soaring vs USD and USD dropping dramatically vs CHF and CAD).
Trade Strong!! Trade Smart!!and Always Have Enough to Trade Tomorrow!!
The One Question Everybody Asks
Long ago in the ancient land of Tradeopolis there lived a king, King Libra. This king was a very kind, intelligent, giving, sharing soul. The thing that was most unique about King Libra compared to any other king was he was more like a God. His people and the surrounding kingdoms often prayed to him and bowed to him in his presence for he had such great intelligence and knew everything there was to know. The people in Tradeopolis respected him greatly and when anyone was in need they would go to him to help solve all their problems.
One day one of his people, Fast Market Freddy, came to King Libra and told him he wanted to trade Foreign Currency. “Ah, yes,” said the King, “what a brilliant idea. You know you must have money in your pocket and in the bank to do this, Freddy.” Fast Market Freddy answered, “Yes, I have that covered, King.” King Libra said, “You must have the emotional and physical endurance to be successful because not everyone can do this. You will learn more about yourself than you might ever care to know.” “I understand,” replied Freddy, “I take care of myself physically by working out and eating right. I meditate and understand my emotions. I don’t let them get the best of me. I am a model citizen in our kingdom, giving to others and respecting my family.” “Perfect”, King Libra replied, “so what is it you need from me?” “Well”, Fast Market Freddy said,” I want to know how long this will take me to learn.” “Ah, yes,” replied the King, “to answer your question, you must go to see the three Wise Wizards, TOLI, TOLI-O and TOLI-O-O, in that order.”
So off Fast Market Freddy went to first seek the advice of TOLI. He approached TOLI’s beautiful castle and knocked on the door. “What is it you wish to know?” bellowed the voice behind the door. “It is I, Fast Market Freddy, and King Libra sent me to seek the advise of the Wise Wizard TOLI. I want to start trading Foreign Currency and I want to know how long it will take me.” The Wise Wizard, TOLI, opened the door, touched Freddy on the chin with his pointer finger and answered, “Six months.” “Six months?” anxiously replied Freddy, “I don’t have six months to wait. I have bills to pay, children to feed and a wife who overspends.” “I see. Since you do not appreciate my wise answer, I advise you to go see the Wise Wizard, TOLI-O.”
And, off Fast Market Freddy went to seek the advice of Wise Wizard, TOLI-O. He quickly approached TOLI-O’s beautiful castle and knocked heavily on the door. “What is it you wish to know?” bellowed the voice behind the door. “It is I, Fast Market Freddy, and the Wise Wizard TOLI sent me here. I want to start trading Foreign Currency and I really want to know how long it will take me.” The Wise Wizard, TOLI-O, slowly opened the door, touched Freddy on his forehead with his pointer finger and answered, “One year.” “One year?” Freddy started to yell, “What’s the matter with you? One year is ridiculous! I don’t have the time for this and you are crazy!” “I see. Since you do not appreciate my wise answer, I advise you to go see the Wise Wizard, TOLI-O-O.”
Stomping his feet, Fast Market Freddy marched over to the even more beautiful castle of the Wise Wizard, TOLI-O-O. He knocked heavily on the door. “What is it you wish to know?” softly questioned the voice behind the door. “It is I, Fast Market Freddy, and the Wise Wizard TOLI-O sent me here. I want to start trading Foreign Currency and I demand to know how long it will take me. Now give me the answer I want to hear!” The all-knowing wizard opened the door, touched Freddy gently on the forehead with her closed fist and quietly replied, “A lifetime.” “Oh, you are out of your mind, TOLI-O-O! That’s so unreasonable and no one would ever do this! I am out of here!” Fast Market Freddy almost put his fist through the Wise Wizard TOLI-O-O’s beautiful Golden Doors and stormed off in a huge huff.
There is a hidden message in this trader’s fable and the hint is knowing the hand signals on the trading floor. If you can figure it out, send an e-mail to info@rdstrader.com
If you are the first “new client” to respond, you will receive a free 45 minute consultation with 20 year professional trader and mentor, Michael Radkay.
Trade Strong!! Trade Smart!!and Always Have Enough to Trade Tomorrow!!
Occupy Your Mind; Not Wall Street
Is it me or is this sign an oxymoron? A job is right, but isn’t a job the direct result of capitalism? Both company and employee seek a profit and the money earned is used to buy the things that all parties want and need. I do understand the motivation behind the sign as it seems our capitalist society is in need of an overhaul these days. I still believe capitalism works but it takes two to tango and both sides need to open the doors again. Banks need to start lending that “gift money” (sorry – quantitative easing aid) and businesses and employees need to follow through on their commitments.
I don’t blame the protesters for their anger at the system because obviously they are looking for a job and it seems that things these days are weighted too heavily in favor of the banks. The act of gathering peacefully while bringing a solid clear and precise message however is also a great bi-product of our way of life. The money earned in a capitalist structure has afforded us to build a country that can protect and base itself on freedom.
At least it seems in this case that citizens can demonstrate peacefully for the most part and I hope Washington is hearing the shouts and footsteps as they need to show leadership for the betterment of all involved, not just a select few. Using your freedom to protest and freedom of speech is our right and I am a firm believer that if you have something to say, “say it”, if you have something to shout; “shout it” and if you have something to do; “do it”. My problem with this photo is that at this moment the writers of this sign are nowhere to be found in this picture? This sign needs a live face all of the time; not just part-time, otherwise it has the same effect as a text message or a resume placed on a stack of others without introducing yourself to the person collecting them and offering the job.
I have given some thought to a solution for the sign maker. First of all you have skills. You don’t need to occupy wall street; you need to occupy your mind and use the energy you applied to this sign and this protest and focus it on how to best utilize your abilities to land the job you seek. As an educator and motivator I try and help students fulfill their goals and my message to my students is not much different to you. I just become the facilitator to help you see your skills and place you in an area that suits you best. You have the ability to create a buzz and companies love that! With your protest you received free media coverage from all of the major networks and social media outlets; brilliant!! You also have the ability to make signs and slogans to deliver a message. But this picture just looks to me like somebody who got tired of standing in the rain and placed the sign on the ground in hopes that somebody would still get the message and solve your problem. You are never going to get a job that way.
You just are in need of a few follow through skills. Since you have a knack to create a buzz and can make signs and write slogans, I have provided you with a list of sign making companies in the lower Manhattan area (since you are there) that just may want to hire you. Just make sure you are present this time, when the photo shoot comes calling your name. Also; never, never forget to leave a contact number or email on your sign so the company can get in touch, when they hire you. I’m still bullish the U.S.!!
Here are a list of sign making companies:
A A Awning & Sign
Tel: 212 226 9828171 Bowery
New York NY 10002
Artshne Sign and Supply
Tel: 212 965 818496 Allen Street
New York NY 10002
Chung Wah Sign & Store Inc
Tel: 212 995 795666 Delancey Street
New York NY 10002
Concept Sign Incorporated
Tel: 212 966 108137 Allen Street
New York NY 10002
FedEx Office Print & Ship Center
Tel: 212 228 951121 Astor Place
New York NY 10003
FedEx Office Ship Center
Tel: 212 614 8915125 5th Avenue
New York NY 10003
FedEx World Service Center
Tel: 800 463 333920 E 20th St Grd Fl
New York NY 10003
Fortune Line Trading
Tel: 212 334 826525 Essex Street
New York NY 10002
Gilbey Graphics & Di
Tel: 212 608 4131900 Broadway
New York NY 10003
Hong Qi Sign Corp
Tel: 212 966 318895 Allen Street 1
New York NY 10002
Always Neon Inc
Tel: 212 388 987666 Delancey Street
New York NY 10002
Bowery Sign Production & Supply Inc
Tel: 212 995 1395187 Bowery
New York NY 10002
Concept Sign Inc
Tel: 212 966 108184 Hester Street
New York NY 10002
Creative Signs and Awnings
Tel: 212 625 172655 Delancey Street 1
New York NY 10002
FedEx Office Print & Ship Center
Tel: 212 253 9020250 E Houston Street
New York NY 10002
FedEx Office Ship Center
Tel: 212 353 38604 Union Square E
New York NY 10003
First Signs Co
Tel: 212 966 069071 Eldridge Street
New York NY 10002
Fu Sunsign Construction Co
Tel: 212 941 952074 Canal Street
New York NY 10002
Hester Signs Inc
Tel: 212 625 928923 Orchard Street
New York NY 10002
Hong Qi Sign Corporation
Tel: 212 966 3188101 Allen Street
New York NY 10002
Twi-Light Tuesday Trading
6p Pacific. This webinar is free and there is no obligation.
* Register at: https://www2.gotomeeting.com/register/846717043
* Professional Trader and Educator, Michael Radkay, will introduce to you how he implements his 5 rules to identify the best trade set-ups or:
EURUSD, USDJPY, USDCHF, GBPUSD, AUDUSD
EURJPY, USDCAD, NZDUSD, EURGBP, EURCHF
See the Proprietary Levels / Watch the Trades Develop / Ask Questions Live on Tuesday Nights
“We have been successfully trading live for a living, helping others become independent traders, thinkers and decision makers since 1993 using Treasuries, Equity Indexes, Grains, Metals, Energies and now the Currency Markets”, says RDS Trader LLC’s President and CEO, Michael Radkay
The Rotating Directional System (RDS) is a rule based discretionary strategy that establishes risk management first. Our style offers the trader a trend-side philosophy that predicts time and price objectives using counter-trend reversals as a guide for entries, exits and overall worth of the trade.
If you are in LA, you are welcome to join us at our live meetup:
www.meetup.com/rdstrader
Location:
Global Futures Exchange & Trading Co., Inc.
19300 Ventura Blvd
Tarzana , CA 91356
877-367-3177 Toll Free (USA/Canada only)
818-996-0404Local/International
818-996-0401 Fax
web: www.globalfutures.com
e: MJimenez@globalfutures.com
If you are trying to find a platform and haven’t tried GTS with FXAccucharts, you can get a free 30 day practice account by using the link below or copying it in your browser.
Practice Account with Tutorials and Live Account applications can be found at: www.rdstrader.com/forex-futures-experts/faq-entry-orders
In a high speed world keeping pace can be tough, if you don’t have the right technology for your business!
Trading Exchanges, Forex ECN and EBS Networks, FCM’s, Introducing Brokers, Banks, Hedge Funds and Professional Traders to name a few ensure that they reduce latency issues to deliver information to their clients timely and efficiently. This is done by connecting their networks right into the source to eliminate or reduce the noise (latency) that most feeds produce.
Are you sure that your current computer and internet technology at your home or office isn’t slowing your business down?
RDS Trader has found a solution with a premier provider that tailors high capacity communications and services that ensure optimal business performance.
-Increase stability/performance
-Increase scalability (bandwidth)
-Decrease latency
-All the while decreasing overall cost.
Find out more by visiting the following link: www.rdstrader.com/forex-futures-experts/connectivity
We came from the trading floors of the CBOT and CME as brokers, traders and mentors and migrated to the electronic side. As a result we were able to move our business to the warm sunshine of California.
We teach you that only the responsible and passionate trader will thrive. While we don’t guarantee you will be profitable, we 100% guarantee that you will become a better trader.
Learn to put your favorite market up against our simple, time-tested Homework and 4 intra-day rules before participating. You will be able to apply the Rotating Directional System (RDS) and trade the best set-up for Currencies, Equities, Treasuries, Grains, Metals and/or Energies. From dabblers to day traders we have an educational program to fit your needs.
With the pace of the electronic world, educating you to make your own investing decisions real-time is our solution and specialty. We would love the opportunity to share our combined 30 years of experience to help you work smarter while trading Forex or Commodity Futures. The programs provide live, online daily group mentoring to answer all of your questions. Nobody cares more about your money than you do.
RDS Trader LLC
6038 Carlton Way, Unit 107
Hollywood, CA 90028
www.rdstrader.com
support@rdstrader.com
The Squeaky Wheel Gets ‘Greeced’!
Euro zone officials are in talks to implement or withhold a sixth bailout to Greece because of its financial policies and over-spending. Overall it seems they are willing to go the extra mile to save Greece, but currently are not getting enough in commitments back from Bank of Greece Governor George Provopoulos. It seems the world bank heads are giving a lot of rope to Greece with the latest round of default threats to a country that claims they were the first to start the democratic system that we all enjoy. Maybe the bank heads are waiting for a pinky swear and a nice Mediterranean side salad and a life time supply of Gyro platters before they send more financial aid.
We will probably never truly know the deal but it might not be as far fetched as it sounds since they really don’t have much else to offer other than “I promise” and a nice meal. Greece may have delivered recently as the European Central Bank in conjunction with the Federal Reserve (U.S.), the Bank of England (BOE), the Bank of Japan (BOJ) and the Swiss National Bank (SNB) announced on September 15th to provide as much U.S. dollar liquidity as necessary in three different phases with a maturity of approximately three months that will keep things afloat until the end of the year.
Word of the 6th bail-out without calling it a bailout has given some life to the euro which has been getting hit pretty hard this month against the U.S. dollar and the Yen. The latest round of rescue help has given Euro investors a bit of a breather but whether it is enough remains to be seen. In the meantime you may see a bit more life to the Euro for the remainder of the year with this latest stimulus package unless anything unforeseen hits the airwaves.
EURUSD and EURJPY Daily Chart: 
Twi-Light Tuesday Trading
6p Pacific. This webinar is free and there is no obligation.
* Register at: https://www2.gotomeeting.com/register/846717043
* Professional Trader and Educator, Michael Radkay, will introduce to you how he implements his 5 rules to identify the best trade set-ups or:
EURUSD, USDJPY, USDCHF, GBPUSD, AUDUSD
EURJPY, USDCAD, NZDUSD, EURGBP, EURCHF
See the Proprietary Levels / Watch the Trades Develop / Ask Questions Live on Tuesday Nights
“We have been successfully trading live for a living, helping others become independent traders, thinkers and decision makers since 1993 using Treasuries, Equity Indexes, Grains, Metals, Energies and now the Currency Markets”, says RDS Trader LLC’s President and CEO, Michael Radkay
The Rotating Directional System (RDS) is a rule based discretionary strategy that establishes risk management first. Our style offers the trader a trend-side philosophy that predicts time and price objectives using counter-trend reversals as a guide for entries, exits and overall worth of the trade.
If you are in LA, you are welcome to join us at our live meetup:
www.meetup.com/rdstrader
Location:
Global Futures Exchange & Trading Co., Inc.
19300 Ventura Blvd
Tarzana , CA 91356
877-367-3177 Toll Free (USA/Canada only)
818-996-0404Local/International
818-996-0401 Fax
web: www.globalfutures.com
e: MJimenez@globalfutures.com
If you are trying to find a platform and haven’t tried GTS with FXAccucharts, you can get a free 30 day practice account by using the link below or copying it in your browser.
Practice Account with Tutorials and Live Account applications can be found at: www.rdstrader.com/forex-futures-experts/faq-entry-orders
In a high speed world keeping pace can be tough, if you don’t have the right technology for your business!
Trading Exchanges, Forex ECN and EBS Networks, FCM’s, Introducing Brokers, Banks, Hedge Funds and Professional Traders to name a few ensure that they reduce latency issues to deliver information to their clients timely and efficiently. This is done by connecting their networks right into the source to eliminate or reduce the noise (latency) that most feeds produce.
Are you sure that your current computer and internet technology at your home or office isn’t slowing your business down?
RDS Trader has found a solution with a premier provider that tailors high capacity communications and services that ensure optimal business performance.
-Increase stability/performance
-Increase scalability (bandwidth)
-Decrease latency
-All the while decreasing overall cost.
Find out more by visiting the following link: www.rdstrader.com/forex-futures-experts/connectivity
We came from the trading floors of the CBOT and CME as brokers, traders and mentors and migrated to the electronic side. As a result we were able to move our business to the warm sunshine of California.
We teach you that only the responsible and passionate trader will thrive. While we don’t guarantee you will be profitable, we 100% guarantee that you will become a better trader.
Learn to put your favorite market up against our simple, time-tested Homework and 4 intra-day rules before participating. You will be able to apply the Rotating Directional System (RDS) and trade the best set-up for Currencies, Equities, Treasuries, Grains, Metals and/or Energies. From dabblers to day traders we have an educational program to fit your needs.
With the pace of the electronic world, educating you to make your own investing decisions real-time is our solution and specialty. We would love the opportunity to share our combined 30 years of experience to help you work smarter while trading Forex or Commodity Futures. The programs provide live, online daily group mentoring to answer all of your questions. Nobody cares more about your money than you do.
RDS Trader LLC
6038 Carlton Way, Unit 107
Hollywood, CA 90028
www.rdstrader.com
support@rdstrader.com
Data Smoothers Beware!
We always say to the exponential smoothers or those that filter out tops and bottoms to “save it for the board room and keep it away from the trading arena. If we can’t smooth the losses from our account, we will not smooth the wicks and shadows out of our level calculations.”
We prefer to use the exact information because it paints the most accurate picture. Let’s send a nice dose of reality to any of you who are thinking about smoothing your results. Our politicians are the best data smoothers we know. Do you think they would be in office today, if they included the food and energy cost in the Consumer Price Index and the Producer Price Index Data? The U.S. Department of Labor, filters out this data because they claim it’s too volatile of a component to get a true read of inflation. This is a politician’s way to brush under the rug the fact that since 2006, the cost of gas has fluctuated from about $2.50 to $5.00 per gallon and it is holding above $4.00 where it has been sitting for the most part from 2008 – 2011. At one point there was a 100% increase in prices and today resting at and never below a 60% increase from 2006 prices.
The U.S. Department of Labor and Federal Reserve all hired and appointed by our Government peg inflation to only rise about 2% – 3% per year. They have been saying that we have been holding in line with that figure for the most part. Using the high end 3% figure; if gas prices were to climb 3% each year, and we started from $2.50 per gallon, that would mean the price of gas should have been $2.57 in 2007 (actual was well over $3), $2.65 in 2008 (never below $4), $2.73 in 2009 (never below $4), $2.81 per gallon in 2010 (never below $4) and $2.89 in 2011 (never below $4). Maybe the next time we fill our car up we should only pay the rate that it should be. See how well that goes over with the gas station attendant….
If you cant get it our of your gas station attendant, maybe our government will give some of the money back. Gas prices in our neighborhood for the most part over the last 4 years has been holding above $4.00 per gallon where at worst prices should have been $2.89, if we were maintaining the 3% pace our nation’s officials tells us things are.
We figure we spend approximately on the low end $70 per week (1 car) on gas over the last 4 years. Even if we used the 2011 price of $2.89 (3% pace) it should have been no more than $50 to fill our car with gas. $20 difference x 52 weeks a year comes to $1040 per year. Over the last 4 years we have been over-charged an extremely conservative estimate of $4160 on gas alone. Do you think they would be kind enough to send us a check right quick? Oh, wait a minute; they filter out energy cost data, I forgot!
I would hate to include the extra food costs we have spent over the last 4 years as well, but lets cut them a break; they have had to work a few more hours this year because they couldn’t figure out how to balance their spending. Oh, I forgot again; they don’t use food data either to calculate inflation, so I’m sure they will have no idea of what I am talking about. None of us need to eat or drive I guess…
I’m not even complaining; this is what just happened to come out of my mouth when somebody told me an exponentially smoothing indicator was better. No, thanks! Sorry to get off on a tangent here but when I see somebody smooth out a high or low that was made, and dismiss it as if it never happened, I quickly know they do not live in reality and most certainly do not trade live money for a living.
Data smoothers beware when you enter the trading arena! Make sure you use these indicators as a guidance source not as something that is full-proof or factual.
Whatever you decide to try; you can’t expect to win, if you don’t have a plan in place.
Trade Strong!! Trade Smart!! and Always Have Enough to Trade Tomorrow!!
Twi-Light Tuesday Trading
6p Pacific. This webinar is free and there is no obligation.
* Register at: https://www2.gotomeeting.com/register/846717043
* Professional Trader and Educator, Michael Radkay, will introduce to you how he implements his 5 rules to identify the best trade set-ups or:
EURUSD, USDJPY, USDCHF, GBPUSD, AUDUSD
EURJPY, USDCAD, NZDUSD, EURGBP, EURCHF
See the Proprietary Levels / Watch the Trades Develop / Ask Questions Live on Tuesday Nights
“We have been successfully trading live for a living, helping others become independent traders, thinkers and decision makers since 1993 using Treasuries, Equity Indexes, Grains, Metals, Energies and now the Currency Markets”, says RDS Trader LLC’s President and CEO, Michael Radkay
The Rotating Directional System (RDS) is a rule based discretionary strategy that establishes risk management first. Our style offers the trader a trend-side philosophy that predicts time and price objectives using counter-trend reversals as a guide for entries, exits and overall worth of the trade.
If you are in LA, you are welcome to join us at our live meetup:
www.meetup.com/rdstrader
Location:
Global Futures Exchange & Trading Co., Inc.
19300 Ventura Blvd
Tarzana , CA 91356
877-367-3177 Toll Free (USA/Canada only)
818-996-0404Local/International
818-996-0401 Fax
web: www.globalfutures.com
e: MJimenez@globalfutures.com
If you are trying to find a platform and haven’t tried GTS with FXAccucharts, you can get a free 30 day practice account by using the link below or copying it in your browser.
Practice Account with Tutorials and Live Account applications can be found at: www.rdstrader.com/forex-futures-experts/faq-entry-orders
In a high speed world keeping pace can be tough, if you don’t have the right technology for your business!
Trading Exchanges, Forex ECN and EBS Networks, FCM’s, Introducing Brokers, Banks, Hedge Funds and Professional Traders to name a few ensure that they reduce latency issues to deliver information to their clients timely and efficiently. This is done by connecting their networks right into the source to eliminate or reduce the noise (latency) that most feeds produce.
Are you sure that your current computer and internet technology at your home or office isn’t slowing your business down?
RDS Trader has found a solution with a premier provider that tailors high capacity communications and services that ensure optimal business performance.
-Increase stability/performance
-Increase scalability (bandwidth)
-Decrease latency
-All the while decreasing overall cost.
Find out more by visiting the following link: www.rdstrader.com/forex-futures-experts/connectivity
We came from the trading floors of the CBOT and CME as brokers, traders and mentors and migrated to the electronic side. As a result we were able to move our business to the warm sunshine of California.
We teach you that only the responsible and passionate trader will thrive. While we don’t guarantee you will be profitable, we 100% guarantee that you will become a better trader.
Learn to put your favorite market up against our simple, time-tested Homework and 4 intra-day rules before participating. You will be able to apply the Rotating Directional System (RDS) and trade the best set-up for Currencies, Equities, Treasuries, Grains, Metals and/or Energies. From dabblers to day traders we have an educational program to fit your needs.
With the pace of the electronic world, educating you to make your own investing decisions real-time is our solution and specialty. We would love the opportunity to share our combined 30 years of experience to help you work smarter while trading Forex or Commodity Futures. The programs provide live, online daily group mentoring to answer all of your questions. Nobody cares more about your money than you do.
RDS Trader LLC
6038 Carlton Way, Unit 107
Hollywood, CA 90028
www.rdstrader.com
support@rdstrader.com
Put Your Money Where Your Mouth Is!
On August 5th when I sent my last post, I spoke of the possibility of the U.S. Dollar being on the mend. In that article it was a “thought” and surprisingly the “thought” came to light on a pair that has been the so called safe-haven at the time – the Swiss Franc (CHF). Prior to the world dealing with the debt ceiling drama and the Fed’s announcement to keep rates at historic lows until mid-2013, the USDCHF was acting as it should (USD prices dropping and CHF prices rising). The currency pair has been acting in kind for quite some time now spanning back almost a decade. The Swiss Franc has been flexing its muscle over the greenback year in and year out.
In the moments just after the Fed’s message prices slammed 600 points that day. But in true fashion after big news that traders have been waiting for hits the wires, prices reacted initially as they should (USDCHF fell dramatically lower). However, after the shock was absorbed and a confirmed bottom was secured (seeing higher highs the next few days), the beaten down side of the market (USD) tends to reverse. The reason is that all of the bad news is now revealed and out in the open. Time for healing to begin so to speak. In the days following the news, prices reversed and started to do what I thought they might, which was for the USDCHF to climb. Since I already had a plan in place, I knew how to implement it precisely so when the opportunity hit , I acted without hesitation and took full advantage on August 11th and 12th. The point I truly want to make is not that these trades worked in my favor but the importance of having a plan.
1. A thought,
2. Knowing how to implement that thought precisely
3. Following through and executing that thought without hesitation
4. Reviewing your performance
Now I was fully prepared for a positive or negative outcome but in either event I would have been pleased with my performance because I had a thought; I had the tools and know how to implement the thought precisely; and I followed through by executing without hesitation.
Many students, business owner wannabees and entrepreneurs alike might know how to dream big and talk big, but do you have the fortitude to take the 3 most important steps following the big idea?
RDS Trader Alerts Archive August 12, 2011 (all times Pacific):
•(6:13:37 AM): good morning!! today’s reports and chart snapshot: http://www.rdsfx.com
•(6:15:53 AM): not much movement across the board…USDCHF on radar again (Bullish bias)…hasn’t pushed that far but minor support (1L pullback) 0.7687…counter resistance showing up session high to 0.7829 (4L range)
• (6:17:14 AM): buy order pending 0.7687usdchf
•(6:41:52 AM): consumer sentiment report in about 10 min.
•(6:53:45 AM): minor support forming EURUSD at session redline 1.4239 (weekly 1.4240)…don’t really like redline setups…USDCHF looks best so far
•(6:55:20 AM): USDCHF moving back in uptrend on 15min…any longs out there looking for session high to 0.7829
•(7:08:21 AM): prices sloshing around…slight downtrend now on USDCHF…careful any existing longs…I am waiting 7687 buy limit pending
•(7:10:04 AM): EURUSD trading thru 1.4240 mark…I’m going to watch that one …focus on USDCHF
•(7:34:52 AM): quiet Friday so far…
•(7:36:21 AM): USDCHF moving back in downtrend on 15min…support still expected 1st time back in window down to 0.7687
•(7:41:42 AM): long 4 at 0.7687 USDCHF
•(7:42:48 AM): that’s nice of them so far…
•(7:43:21 AM): going for a nice ride!!
•(7:44:13 AM): just took half off @ 0.7707 (+20 on each)…still running long 2 from 0.7687
•(7:47:25 AM): very nice!! still running long …looking for session 0.7764 high to possible 0.7829 -4L range target
•(7:51:45 AM): have a 0.7727 stop on remaining with 10 pip trailer to lock in +40 on remaining 2 long and will move it up if it keeps going
•(7:57:17 AM): glad I laid of EURUSD…hate redline trades…I will take the USDCHF 
…flat now… +40 on each of last 2…+120 total on entire trade
•(7:58:32 AM): going to leave on a high note and call it a day. Have a great weekend everybody!!
Here is a snapshot of my open orders book on USDCHF long plays the day earlier on 08/11/11 as well…
Whatever you decide to try; you can’t expect to win, if you don’t have a plan in place
Trade Strong!! Trade Smart!! and Always Have Enough to Trade Tomorrow!!
Twi-Light Tuesday Trading
6p Pacific. This webinar is free and there is no obligation.
* Register at: https://www2.gotomeeting.com/register/846717043
* Professional Trader and Educator, Michael Radkay, will introduce to you how he implements his 5 rules to identify the best trade set-ups or:
EURUSD, USDJPY, USDCHF, GBPUSD,
EURJPY, AUDUSD, USDCAD, NZDUSD.
See the Proprietary Levels / Watch the Trades Develop / Ask Questions Live on Tuesday Nights
“We have been successfully trading live for a living, helping others become independent traders, thinkers and decision makers since 1993 using Treasuries, Equity Indexes, Grains, Metals, Energies and now the Currency Markets”, says RDS Trader LLC’s President and CEO, Michael Radkay
The Rotating Directional System (RDS) is a rule based discretionary strategy that establishes risk management first. Our style offers the trader a trend-side philosophy that predicts time and price objectives using counter-trend reversals as a guide for entries, exits and overall worth of the trade.
If you are in LA, you are welcome to join us at our live meetup:
www.meetup.com/rdstrader
Location:
Global Futures Exchange & Trading Co., Inc.
19300 Ventura Blvd
Tarzana , CA 91356
877-367-3177 Toll Free (USA/Canada only)
818-996-0404Local/International
818-996-0401 Fax
web: www.globalfutures.com
e: MJimenez@globalfutures.com
If you are trying to find a platform and haven’t tried GTS with FXAccucharts, you can get a free 30 day practice account by using the link below or copying it in your browser.
Practice Account with Tutorials and Live Account applications can be found at: www.rdstrader.com/forex-futures-experts/faq-entry-orders
In a high speed world keeping pace can be tough, if you don’t have the right technology for your business!
Trading Exchanges, Forex ECN and EBS Networks, FCM’s, Introducing Brokers, Banks, Hedge Funds and Professional Traders to name a few ensure that they reduce latency issues to deliver information to their clients timely and efficiently. This is done by connecting their networks right into the source to eliminate or reduce the noise (latency) that most feeds produce.
Are you sure that your current computer and internet technology at your home or office isn’t slowing your business down?
RDS Trader has found a solution with a premier provider that tailors high capacity communications and services that ensure optimal business performance.
-Increase stability/performance
-Increase scalability (bandwidth)
-Decrease latency
-All the while decreasing overall cost.
Find out more by visiting the following link: www.rdstrader.com/forex-futures-experts/connectivity
We came from the trading floors of the CBOT and CME as brokers, traders and mentors and migrated to the electronic side. As a result we were able to move our business to the warm sunshine of California.
We teach you that only the responsible and passionate trader will thrive. While we don’t guarantee you will be profitable, we 100% guarantee that you will become a better trader.
Learn to put your favorite market up against our simple, time-tested Homework and 4 intra-day rules before participating. You will be able to apply the Rotating Directional System (RDS) and trade the best set-up for Currencies, Equities, Treasuries, Grains, Metals and/or Energies. From dabblers to day traders we have an educational program to fit your needs.
With the pace of the electronic world, educating you to make your own investing decisions real-time is our solution and specialty. We would love the opportunity to share our combined 30 years of experience to help you work smarter while trading Forex or Commodity Futures. The programs provide live, online daily group mentoring to answer all of your questions. Nobody cares more about your money than you do.
RDS Trader LLC
6038 Carlton Way, Unit 107
Hollywood, CA 90028
www.rdstrader.com
support@rdstrader.com
