SOME ANNOUNCEMENTS AND SLEEPY MARKETS
WE ARE FUTURES TRADERS.COM
This is the name of the web site I am opening up. It is not up yet so do not try to go there, I have some content work to do, and some image altering etc.. What you are going to see there which is what I wanted to announce, is something no other place I am aware of is doing. We are going to have a real account with real money, traded live there. We will show the account statements with the real time balances updated once a week to show that we make profits trading. This is of course risky, but I think it is time for someone to do something like this. After all the BS that has gone on in this industry, it is time for this level of transparency. Obviously the risk is if we do poorly who in the world would want to pay for any services? My question is, how do people live with themselves selling things that do not work?
Subs to the Bond Service certainly know that system works and makes REAL MONEY. There is another profitable trade going on there right now. I have not quite figured out how to best display this, I am working with my web guy now on this. It is basically just going to be a daily statement with the account number blacked out to prevent shenanigans. I hope to have the site up by the beginning of next week. I am partnering with a friend of mine who is the best trader I know, that is why I keep stating we, and also why the site name has changed to we from the blog name. I will also have the Pay Pal link up for the services, for those who have wanted to trade the bonds but either live in other countries or sending checks has just been other wise inconvenient. Also, there will be other things we offer. The prices are going to be pretty low, we want a lot of people if possible to get the word out. As a result, we are probably going to price things too cheap for our own good.
If there are any subs of the Bond service that want to send a testimonial that would certainly be welcome. You have to bear with me I have to do some marketing here. I will promise you there will never be a single instance where I over hype something. Under promise and over deliver is my goal, and that is how I have always lived my life from sports to business, to personal affairs.
ON TO THE MARKETS
Here we have an interesting development in the ES, a trend break. I think I have what is the most operative trend line in this market drawn in here, and we clearly are breaking that today, right on schedule for the seasonal tendency. I also have a graph there that shows the very low ratio of short term volatility to longer term volatility. Typically when that ratio gets this low, there is a break out move that is larger than normal as volatility expands. Of course you can see it has been low for a while, so timing things with this is a different matter. I think most of us have just had the feeling that things have been pretty quiet and are due to heat up a bit. This just gives us a hard technical graph that supports that feeling.
I don't like following feelings, my feelings are usually not very consistent. It has been the nature of this market lately, to just break the up trends out of the blue like this and not give us a lay up entry. I am not short this market at this point just for full disclosure. I would prefer to see this go a bit more down and bounce to setup the short, but it may not. If we are going to get a market break down, this time frame is most likely when it will happen. I do think overall dips are buys, so if we get a 2 or 3 week sharp decline, I will be buying at some point when I think the selling has exhausted itself.
The other trades I was looking at today were long in the metals, and possibly energy, but they do not appear to be likely to trigger.
Have a great holiday and look for the site next week. I will give notice here when it is up. Kinda sounds like what a husband would say to his wife huh?