High Probability Trading Strategies

Check out Michael Lewis’s new book Boomerang to gain some understanding on the impossible situation in Greece and probable ramifications for the rest of the Euro zone. Any alleged “solution” that may make the news is likely to be temporary. The implosion of the Greek financial system appears as inevitable as the implosion of the U.S. financial industry with the real estate crash appeared in 2006. The outcome may be worse in Greece. Lewis is also the author of The Big Short which is also a must read. He is a great writer and makes relatively uncomplicated what many writers make complicated. Check out Boomerang, a must read as far as I’m concerned.

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I’ve just uploaded a 50 minute video of the current position of several of the major financial markets including trade strategies.
It is very timely with practical trade strategies.
Check it out now. It will only be available to view through Monday, Jan. 23.

http://www.dynamictraders.com/dt_tradealerts_2012_01.html

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A new tutorial for the Password protected book owners page was put up today. Check it out.

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I generally don’t trade individual stocks. I usually trade the bull/bear ETFs for S&P, interest rates, precious metals and Euro, plus futures. But, with all the news recently about Netflix I thought I would check it out.

Netflix has crashed the past few months from a high in July at 304.79 to a low (so far) in late Oct. at 74.25. Ouch! On the weekly chart, in late Oct. Netflix overshot the 78.6% retracement by a bit. What ever momentum indicator you may use has been OS for several weeks. Also looks like a text book five wave decline. For the past couple of years, Netflix has had a fairly consistent 8-11 week low-low cycle. The Oct. low was week 9 from the last weekly low in Aug.

There was a huge gap down Oct. 25, must have been some news how another 100,000 or so subscribers canceled. Netflix isn’t going to go out of business. They’ve been pretty smart for many years, but seem to have made some blunders the past few months.

The technicals are warning to take a look for a bottom. “When there is blood in the streets, look to buy.” Even if Netflix only made a 38.2% retracement, the price would have doubled. This isn’t a specific trade recommendations, only an alert that the technicals as I teach in High Probability Trading Strategies all seem to say at least a weekly low may be near. Check it out for yourself.

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Yesterday I uploaded a new 30m tutorial detailing the position of the S&P. Check it out on the book owners password protected page.

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