SMB Forex and Futures Weekly Trade Review 5/24
May 24th, 2013 In this segment, Marc Principato, CMT reviews a short taken in the S&P500 CFD at a major market top. See how our pattern recognition and volume analysis allow our traders to hold a position longer. For more information visit: http://smbtraining.com/overview/forex-training -- Marc Principato, CMT, Risk Disclaimer *No Relevant Positions SMB FOREX Trade on your own schedule Learn SMB′s Unique Strategy Trade Confidently in 6 Weeks Click here for a free trial of our chatroom Read more [...]Jared Levy on Fox Business
May 23rd, 2013 Jared Levy, who created the options video series "The Vertical Spread Advantage" for SMB Options, appeared recently on Fox Business to discuss "Is Hewlett-Packard Tech's Comeback Kid?". Join us on the next Options Tribe Webinar on May 28, 2013 at 5pm ET with Jared Levy of Zacks.com for a great presentation on his unique approach to establishing a directional opinion on a stock or index and then turning that opinion into an optimal vertical-spread trade. Click here to register for this FREE Webinar Read more [...]Forex Workshop Recording: How We Use Volume Analysis in Forex Trading
May 23rd, 2013 If you missed the most recent workshop with Marc Principato, CMT on "How We Use Volume Analysis in Forex Trading", this is your opportunity to watch it. In this workshop Marc explains how our traders apply volume analysis with a unique tool in order to validate trade setups. This technique allows our traders to capture emerging trading opportunities that carry 3:1 reward to risk ratios. Please sign up below to get the link to the recording. -- Marc Principato, CMT Risk Disclaimer *No Relevant Positions Read more [...]My Thought Process—$SPY Selloff
May 22nd, 2013
One type of price action that puts me on alert for a hard down move in the market is unusually large gyrations in quick succession. That is what is what we saw during the first few hours of trading today. Points 1&2 on the chart show up and down moves larger than the ATR of the SPY. This type of signalling usually occurs on the daily time frame. For a good higher time frame example check the SPY chart from January 2010.
Point 3. The SPY was at 167.80 and sellers started to take control as the pattern of higher lows was broken. At this time SPY 167 Puts were being purchased.
Point 4. More traders on the desk jumped into the SPY short.
Point 5. The short trade is working
Point Read more [...]
