Jan 17, Download This 40-Page State of the Markets Report

How do you tell when the market will offer nice pullbacks or when it will trade off of momentum? The easiest way to check this is to look at the ADX indicator.

Readings below 25 indicate that the market will offer nice pullbacks to initiate swing trades. Readings above 25 indicate a strong trend - pullbacks will be shallow or nonexistent.

As long as the ADX indicator is above 25 and sloping up, the market will continue to trade off of momentum. Momentum is lost when it begins to slope down.

It's not a perfect technical indicator (none are) but it does a good job of telling you the current strength of the trend.

Not sure if you already know about this but EWI has their 2013 State of the Global Markets Report available. It's a worthy read - and it's free.

Download it here

I'm not sure how long it will be available so grab it while you can!

Take a look at the following chart:

H&R Block (HRB) recently broke out decisively (arrow) through resistance (highlighted). This stock is now in first pullback mode and could create a nice trading opportunity if it prints a reversal candle.

The one problem that I see is that this stock is in a mature trend which could lead to failure patterns.

Still, this is definitely one to keep an eye on when the market resumes trading.

I know from experience that a stock should move in your favor within a day or two after your entry. If it doesn't then it will likely go against you. Here is a recent trade that I had:

This stock pulled back and formed a bottoming tail and then an engulfing candlestick pattern. So I bought the stock. Then I waited...and waited...and the stock went nowhere. So I dumped it after a couple of days.

The first question that should come to your mind when this happens is:

Where are the buyers?

They aren't there.

Time to get out.

Chrome wants your best shot by Alison a. Nieder Street

 
Ricky Powell

Whether you're the next Ricky Powell, Ken Goto or Tod Seelie? Grab your camera and get off the streets. You could win a Fijifilm XPro1, backpack lens camera and the Chrome Industries X-Pro1 camera.

The manufacturer of San Francisco of bags, shoes and clothes just launched a photo contest, called streets of Chrome, to find the next great street photographer.

Ken Goto

Chrome has enlisted Goto, Powell and Seelie to serve as judges for the competition.

You have until February 4 to participate in the online contest. After the judges narrow the pictures to a few finalists, based on their "creativity, originality and ability to capture the essence of the street."

 
Tod Seelie

The final winner will be chosen by a free vote online. The winner will be announced on 15 February.

The grand prix is a compact system camera Fujifilm X-Pro1, a Fujifilm X-Pro1 35 mm F/1.4 lens and a Chrome Niko camera backpack.

All the details and some of the first entries are here

Like what you just read? Click here to sign up and save!

Feb 22, Why You Should Never Hold on to a Stock Through Earnings

How do you tell when the market will offer nice pullbacks or when it will trade off of momentum? The easiest way to check this is to look at the ADX indicator.

Readings below 25 indicate that the market will offer nice pullbacks to initiate swing trades. Readings above 25 indicate a strong trend - pullbacks will be shallow or nonexistent.

As long as the ADX indicator is above 25 and sloping up, the market will continue to trade off of momentum. Momentum is lost when it begins to slope down.

It's not a perfect technical indicator (none are) but it does a good job of telling you the current strength of the trend.

Not sure if you already know about this but EWI has their 2013 State of the Global Markets Report available. It's a worthy read - and it's free.

Download it here

I'm not sure how long it will be available so grab it while you can!

Take a look at the following chart:

H&R Block (HRB) recently broke out decisively (arrow) through resistance (highlighted). This stock is now in first pullback mode and could create a nice trading opportunity if it prints a reversal candle.

The one problem that I see is that this stock is in a mature trend which could lead to failure patterns.

Still, this is definitely one to keep an eye on when the market resumes trading.

I know from experience that a stock should move in your favor within a day or two after your entry. If it doesn't then it will likely go against you. Here is a recent trade that I had:

This stock pulled back and formed a bottoming tail and then an engulfing candlestick pattern. So I bought the stock. Then I waited...and waited...and the stock went nowhere. So I dumped it after a couple of days.

The first question that should come to your mind when this happens is:

Where are the buyers?

They aren't there.

Time to get out.

Friday January 18th 2013

At 4:30 am EST the UK will release Retail Sales including gasoline.  This has not been tradable for quite a while.  A .8 deviation short, in November 2012,  quickly turned the other way along with a .5 revision in the same direction.  This recent move has made it difficult to select a tradable deviation.  It is with caution, that I will set up on GBPUSD with a trigger of 1.0

We got a signal Thursday on Natural Gas and New Zealand CPI.  We observed a reasonable spike on the China GDP, but it did not hit the trigger.  Here is the trade room chat:

(10:16 AM?) aliafx: hi

(10:16 AM?) aliafx: what is the range of estimates for natural gas

(10:16 AM?) agonzalez: 20

(10:17 AM?) agonzalez: High estimate is -123 bcf

(10:17 AM?) aliafx: and low?

(10:17 AM?) agonzalez: Low estimate is -143 bcf

(10:17 AM?) aliafx: thank you

(10:18 AM?) agonzalez: Median result is -140

(10:21 AM?) PipStar: I have expected as -139, I wonder whats in glen's autoclick for the forecast??

(10:21 AM?) PipStar: y

(10:21 AM?) agonzalez: y

(10:21 AM?) LILUFX: Y

(10:21 AM?) Oligarhs: y

(10:21 AM?) aliafx: y

(10:21 AM?) agonzalez: i have -139 too

(10:22 AM?) PipStar: yes

(10:25 AM?) agonzalez: last week a deviation of -11 caused a very poor reaction

(10:26 AM?) agonzalez: but standard deviation from previous 8 weeks is 5.6

(10:27 AM?) PipStar: yes but both oil and gas reacting poorly lately

(10:27 AM?) PipStar: then again every other news is doing the same

(10:28 AM?) agonzalez: yes i remember oil with a deviation of 10 million barrels

(10:31 AM?) agonzalez: bad fill

(10:32 AM?) LILUFX: 3438 yard

(10:32 AM?) agonzalez: filled at 3.472 and closed with +5 pips

(10:32 AM?) edmon11: 3.472 exness

(10:33 AM?) agonzalez: 4898 milliseconds thats a lot

(10:33 AM?) agonzalez: yes

(10:33 AM?) interpab: 3.442 to 3.471

(10:34 AM?) aliafx: no fill

(10:34 AM?) LILUFX: good

(10:35 AM?) aliafx: ac no got requote

(10:35 AM?) fxinjoy: cme broker fill 3.477 , out 3.489

(10:35 AM?) jjohnson_9: 3-471 reqote iron

(10:36 AM?) jjohnson_9: jap

(10:36 AM?) jjohnson_9: 15 max dev

(10:37 AM?) PipStar: 3.471 for me too

(10:37 AM?) PipStar: did you trade it glen?

(10:38 AM?) PipStar: you can do small lot to start with

(10:39 AM?) edmon11: thanks glenn

(10:39 AM?) LILUFX: Thanks

(10:39 AM?) agonzalez: Thanks Glenn, see you in NZD!

(04:20 PM?) Dzongo61: Hi

(04:20 PM?) Scloneh: Hi

(04:29 PM?) Forexciting: Good afternoon

(04:33 PM?) Escuerzo: hi!

(04:34 PM?) Scloneh: BUY or SELL? what you think?

(04:34 PM?) Forexciting: y

(04:34 PM?) alenalen_3: y

(04:34 PM?) edmon11: y

(04:35 PM?) Montaraz: y

(04:35 PM?) Dzongo61: y

(04:35 PM?) akintinoyea: y

(04:35 PM?) agonzalez: y

(04:36 PM?) cemo3: is 0.2 too risky, it still moved 20-30 pips...

(04:36 PM?) cemo3: yes

(04:36 PM?) Forexciting: 0.3 is OK considering low liquidity at this time of the day!

(04:42 PM?) Forexciting: Glenn, please verify the directions before the news!

(04:42 PM?) Scloneh:

(04:42 PM?) Forexciting: Thanks Glenn

(04:42 PM?) edmon11: reverse the button for euro nzd glenn?

(04:43 PM?) edmon11: ok thanks

(04:46 PM?) agonzalez: yes

(04:46 PM?) ikerinz: good

(04:46 PM?) agonzalez: not the best entry but acceptable

(04:46 PM?) Montaraz: requote

(04:46 PM?) offsummer: requote

(04:47 PM?) agonzalez: filled at0.8403

(04:47 PM?) ikerinz: 40 pips

(04:47 PM?) issteven: exit too early....

(04:47 PM?) agonzalez: with ActivTrades old account

(04:48 PM?) agonzalez: response from broker in 1093 milliseconds

(04:48 PM?) agonzalez: good one

(04:48 PM?) ikerinz: i got 40 pips

(04:49 PM?) Scloneh: 0.8385 on Jiffix

(04:49 PM?) standa: BMF fair fills, FXSOL fair fills

(04:49 PM?) issteven: fxsol trade expires??what that mean

(04:50 PM?) Forexciting: Fxsol filled at 8411, IBFx filled at 8387, Fxcm filled at 8386

(04:50 PM?) kevin7cali: invalid price for me on FXCM

(04:51 PM?) Forexciting: Forex.com invalid price

(04:51 PM?) jjohnson_9: 0,8404 xe

(04:51 PM?) Scloneh: I'm

(04:51 PM?) Scloneh: not at all, 0.8385, stop loss on 0

(04:53 PM?) kevin7cali: Forexciting are you MT4 with FXCM?

(04:54 PM?) kevin7cali: Im mean Forex?

(04:54 PM?) netpay: Glen, what about china GDP?

(04:54 PM?) Escuerzo: XEM filled at 0.84046. Forex.com not trade

(04:54 PM?) Scloneh: I'm out I don't like that level

(04:55 PM?) netpay: ok

(04:55 PM?) treviso67: did NZD go early ?

(04:56 PM?) netpay: let me check forexpeacearmy

(04:57 PM?) treviso67: anyone get in on NZD CPI?

(04:57 PM?) netpay: ok

(04:57 PM?) Forexciting: So first trade of the year, went very well! Hopefully this will be a good year for news trade as fundamentals become more and more relevant

(04:58 PM?) Montaraz: Thanks Glenn, see you tomorrow

(04:58 PM?) Dzongo61: Thank you very much Glenn, bye.

(04:58 PM?) edmon11: thank you glenn

(04:58 PM?) agonzalez: Thanks Glenn, good night all!

(04:58 PM?) Escuerzo: thanks Glenn, bye

(04:58 PM?) Forexciting: I think in the next week we will have some very important GDP trades!

(04:58 PM?) offsummer: thanks

(04:59 PM?) offsummer: good night

(04:59 PM?) Forexciting: Kevin, no it's FXtrading platform at FXCM

Piggyback News Trading: Stand by for Chinese GDP trade information

Piggyback News Trading: Chinese GDP is posted on the blog. Trading AUDUSD with trigger of .3 at 9:00 pm EST (New York Time).

(06:32 PM?) irish_honey: nkln

(06:32 PM?) irish_honey: hello

(08:54 PM?) akintinoyea: hi

(08:58 PM?) akintinoyea: ok

(09:01 PM?) PipStar: 0.2 would be too low i think

(09:01 PM?) PipStar: because retail sales at same time

(09:01 PM?) PipStar: could conflict

(09:02 PM?) PipStar: yeah worth it on 0.3 could be 18-20 pips

(09:02 PM?) PipStar: always same time this

(09:03 PM?) edmon11: thanks glenn

GLM US Antique shows buys Miami National Antiques Show and sale

Portfolio of us shows Antiquities of George Little Management grew just a little larger, with the recent acquisition of the Miami National Antiques Show and sale of Dolphin Promotions.

"The acquisition of the Miami National Antiques Show and sale more strengthens unique position of the US Antique shows for performances at the right time and ideally located to support the market, antique Florida Southeast", said Dan Darby, JLG vice president and Director of the group shows us ancient.

Miami National Antiques Show features 150 exhibitors every year, presenting a wide range of antique furniture, decorative and fine arts.

The show, in its 36th year, is the long antique in South Florida, according to show organizers. The next show will take place from 24-26 January at the airport of Miami Convention Center.

The acquisition creates a strategic link between the Miami National and Original Miami Beach Antique Show of Antique shows.

"Because of the Miami national proximity to show The Original Miami Beach Antique Show, many dealers and buyers participate in these two events," said Andrea Canady, antiques we Director of business development.

She added: "producing two shows will allow us to develop more distinct and complete sales opportunities for resellers, while expanding the scope of each of these two events well established. ''

The Original Miami Beach Antique Show, billed by GLM show organizers as the "Worlds largest indoor antiques show" opens its doors from 31 January - 4 February at the Miami Beach Convention Center.

Outside Miami Beach, it is also US Antique shows in Las Vegas, New York and Los Angeles that annually attract more than 1,500 dealers who have the goods to nearly 30,000 retailers and consumers.

FIDM to display Oscar - nominated Costumes by Deborah Belgum

Costumes of 'Artist', which won the Oscar the year last for best costumes

If you are unable to attend the Oscar ceremony, the next best thing is done at the front and personal with the costumes used in those Oscar nominated films, and then some.

The Institute of design & Merchandising in downtown Los Angeles opens its annual exhibition of the "Art of Motion Picture Costume Design" February 12, days before the Academy Awards take place on February 24.

The line-up of 100 costumes from 20 films looks quite stunning. You can see the costumes of Russian influence in the movie 'Anna Karenina' as well as 'Les Misérables, including costumes designed by Paco Delgado are for an Academy Award. Other spectacular period pieces come from 'Lincoln', designed by Joanna Johnston, and "Snow White and the Huntsman," color forest costumes were created by Colleen Atwood. Other costumes include music from the movies "Mirror Mirror", "Argo", 'The Master', 'Django Unchained' and 'Skyfall '.

FIDM welcomes also earning Oscar the previous year for the design of the costumes. Last year, 'Artist' won for best costume design and are visible among the nominees this year.

It is a spectacular exhibition of design talent which can be seen in Los Angeles. And best of all, admission to the Gallery is free. Exhibition will be open from 10-17 years Tuesday to Saturday. It closes on 27 April.

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Tuesday January 15th 2013

Posted by anonymous on January 14, 2013 at 11:40 PM

At 4:30 am EST the UK will release CPI YoY.  Expected at 2.7 after a prior 2.7,  I will set up on GBPUSD with a trigger of .3

At 8:30 am EST the US will release Core Retail Sales.  Expected at .2 after a prior 0.0,  I will set up on USDJPY (reference) with a trigger of .7

Good Luck Everybody!

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