I don’t know how I managed it. I’m not even over my first summer cold, you know the one with the annoying cough that has been plaguing me for the last couple of months, and now I’ve picked up yet another cold! I guess this one is going to be my “fall” cold. So here I am with sniffles, aches and pains and a runny nose, coupled with my annoying cough. Sounds like a commercial for a cold medicine doesn’t it? I’m tired of it. Thank goodness it’s only “annoying”. I’d hate to be really sick! I hope I get over it soon. I’m supposed to drive friends to the airport on Tuesday as they depart for their trip to Italy. They wouldn’t be too happy with me if I passed on a cold as a bon voyage gift! I’m sure I’ll feel better by then though. A couple more hot rum toddy’s and I’ll be good as new. Enjoy this week’s issue, Erich erich@supportandresistance.com Papertrades Currencies Market Overview Australian Dollar The AD hit “retracement mode” just shy of our firs
http://www.supportandresistance.com/tradingblog/big-weekend-edition-september-22-2013.htmlSunday, September 22, 2013
Sunday, September 15, 2013
Big Weekend Edition – Pre-Christmas Markets
I can’t believe it’s the middle of September already. Didn’t we just have Labour Day? Time really speeds up from now to Christmas as everyone’s in a rush getting back to work and getting’ stuff done. Everyone except the markets that is. Last week was one of the flattest week’s we’ve seen in a while. The week started off strong but faded fast as contract expiration loomed in the Stock Index and Currency markets. I thought we’d have a stronger showing Friday, but it too was dismal. I had to keep checking my data feed to make sure I wasn’t disconnected. I’m hoping for more “normal” markets this week. Hopefully the markets have worked out whatever their issues were last week and we can pick a trend again. But we’ll see. I’m hosting the trading room again Tuesday and the trading/education room on Wednesday so stop by if you have the time. If the markets aren’t doing anything then at least I’ll have someone to talk to. Keep an eye out for an email with the si
http://www.supportandresistance.com/tradingblog/big-weekend-edition-pre-christmas-markets.htmlSunday, September 8, 2013
Big Weekend Edition – Aging and Trading
This weekend marks our Grandson’s sixth birthday. Six years? Wasn’t I just writing you about his birth? Where did six years go? I don’t feel six years older – oh wait a minute, yes I do. Have you noticed how as you get older everything gets “further away”? Like the floor for instance. Seems to me it was a lot easier getting down to the floor a few years ago, but now it seems like an awfully looong way down (and even longer getting back up). Or the items on the top shelf of the cupboards. When did they get so far away? Am I shrinking? I never had to get a stool to get those things? Are you sure the cupboards didn’t grow? Where’s my tape measure…? And books! I used to be able to read with my elbows bent. What’s up with that? Did they start making the text smaller in print? Thank goodness Windows has a magnifier, not that I have to use that yet, but at this rate it’s good to know it’s there. Who knows what the next six years will bring? I don’t know, but I have
http://www.supportandresistance.com/tradingblog/big-weekend-edition-aging-trading.htmlMonday, September 2, 2013
Big Weekend Edition – Labor Day Weekend
Happy Labor Day weekend, folks! This edition has a lot of charts, lots of markets are moving and shaking. This last week was our Strata’s Annual General Meeting. If you haven’t had the privilege of living in a strata environment before, the AGM is always a real treat. I’m saying that tongue in cheek of course. There’s nothing like getting a couple dozen of your neighbours together to discuss how their money has been spent and how you’re going to spend their money next year. I’ve been involved in a lot of strata’s over the years and I know how quickly they can go bad. Many Strata Councils have the tendency to develop a “God complex” and start implementing one by-law after the next in an attempt to legislate decency. Of course it doesn’t work. If the Federal Government has been unable to find ways to make people be decent towards one another what does a puny Strata Council think they’re going to do? For this reason I usually volunteer to be on Strata and I was Pres
http://www.supportandresistance.com/tradingblog/big-weekend-edition-labor-day-weekend.htmlSunday, August 25, 2013
If they don’t find you handsome, they’d better find you handy
“If the women don’t find you handsome, they’d better find you handy” – Red Green That quote sums up the problem with being handy. This week I’ve been busy helping build a deck. “Helping” is code for “come build my deck for me because I don’t know how”; otherwise known as “come for dinner and bring your tools”. I don’t mind too much but if you’ve ever built a deck you know it’s hard work! I’m certainly feeling it. At the end of the day I was so stiff I could hardly get out of my chair! But it’s only one more day and then the project is done. Good thing too. A few more days like this might kill me. We are still working on ironing out the kinks in the new Trading Room system. Please accept our apologies if you ve experienced any glitches. Believe me, we are working hard on getting this sorted out as quickly as possible! As soon as everything is running smoothly, we will let you know. Enjoy this week’s issue, Erich erich@supportandresistance.com Paper
http://www.supportandresistance.com/tradingblog/dont-find-handsome-theyd-better-find-handy.htmlSunday, August 18, 2013
Live Trading Rooms Reopening | Big Weekend Edition
I didn’t realize I forgot to write my opening section last week! Needless to say it was a busy weekend as most weekends’ in summer seem to be. Our daughter and grandson were out at the lake camping when I got the 911 call to come help break camp. It had been raining all night [ ]The post Live Trading Rooms Reopening | Big Weekend Edition appeared first on Support and Resistance Trading.
http://www.supportandresistance.com/tradingblog/live-trading-rooms-reopening-big-weekend-edition.htmlMonday, August 12, 2013
Sunday, August 11, 2013
Big Weekend Edition – Support and Resistance Manual
We Support and Resistance Manual appeared first on Support and Resistance Trading .
http://www.supportandresistance.com/tradingblog/support-and-resistance-manual.htmlFriday, August 9, 2013
Thursday, August 8, 2013
Logical Market Update: Nat Gas Surges Higher Off of Intraday Lows
Natural Gas Surges higher Off of Intraday Lows On the Third Day of the Correction the markets gave to me… Three parabolic earnings trades, two panic buyers and a bear pushed up a pear tree. Interesting and yet transparent the markets moved back into cross hedging mode – what I mean by this is that
http://www.logicalsignals.com/logical-market-update-nat-gas-surges-higher-off-of-intraday-lows/?utm_source=rss&utm_medium=rss&utm_campaign=logical-market-update-nat-gas-surges-higher-off-of-intraday-lowsWednesday, August 7, 2013
Tuesday, August 6, 2013
Logical Market Update: First Down Day – The Beginning or Buying Opportunity?
First Down Day For Equities – Just the Beginning or Buying Opportunity? After Monday’s big disappointment courtesy of a very tight inside day, Tuesday’s trading action brought some welcomed relief. The optimal word is some. Refreshing is a word I heard used – It was like a fresh cool drink in the desert another contrarian
http://www.logicalsignals.com/logical-market-update-first-down-day-the-beginning-or-buying-opportunity/?utm_source=rss&utm_medium=rss&utm_campaign=logical-market-update-first-down-day-the-beginning-or-buying-opportunityMonday, August 5, 2013
Logical Market Update: Never Short a Dull Market – or….
Never Short a Dull Market or What Happens When You Host a Party and Nobody Comes – the Volatility Indexes Have you ever gone to highly anticipated event and wished you were anywhere else? That is what the markets were like on Monday. Stuck in neutral with nobody left to push prices in either direction.
http://www.logicalsignals.com/logical-market-update-never-short-a-dull-market-or/?utm_source=rss&utm_medium=rss&utm_campaign=logical-market-update-never-short-a-dull-market-orSunday, August 4, 2013
Back in the Trading Saddle again – Big Weekend Edition
In This Edition: Erich is finally back in the saddle after taking last week off from the CPR Morning Call. Erich’s Picks: This weekend Erich is looking at the British Pound, Canadian Dollar, Euro Fx, Japanese Yen, Soybean Meal, Wheat, Live Cattle, Lean Hogs, Cotton and Sugar. Big Weekend Edition appeared first on Support and Resistance Trading .
http://www.supportandresistance.com/tradingblog/back-in-the-trading-saddle-again-big-weekend-edition.htmlThursday, August 1, 2013
Logical Market Update: Morgan Stanley’s Selling What? NYSE Margin Debt & S&P 500 All Time Highs
Second Verse Same As the First: Morgan Stanley Pushing Non-Prime Fund to European Investors – NYSE Margin Debt and S
http://www.logicalsignals.com/logical-market-update-morgan-stanleys-selling-what-nyse-margin-debt-sp-500-all-time-highs/?utm_source=rss&utm_medium=rss&utm_campaign=logical-market-update-morgan-stanleys-selling-what-nyse-margin-debt-sp-500-all-time-highsWednesday, July 31, 2013
Tuesday, July 30, 2013
Monday, July 29, 2013
Logical Market Update: Equity Index Market Update
Equity Index Market Update The last three trading sessions have appeared to be mirror images of the same trading strategy. Amazingly, there are players out there (large players) that still believe manipulation goes unnoticed and their tactics on how they manipulate is legal. The fact is it isn’t but there is little being done about
http://www.logicalsignals.com/logical-market-update-equity-index-market-update/?utm_source=rss&utm_medium=rss&utm_campaign=logical-market-update-equity-index-market-updateWednesday, July 24, 2013
Tuesday, July 23, 2013
Logical Market Update: HFT a.k.a. Algo-Computer Trading
High Frequency Trading a.k.a. Algo-Computer Trading, Manipulation, and Your Money Living Together Peacefully! Monday’s trade was somewhat of a surprise about an hour into the session. The equity markets seemed to initially take the extreme overbought readings left after Friday’s slow grind to new highs more seriously in that sellers were present at the opening.
http://www.logicalsignals.com/logical-market-update-hft-a-k-a-algo-computer-trading/?utm_source=rss&utm_medium=rss&utm_campaign=logical-market-update-hft-a-k-a-algo-computer-trading