Friday, January 18, 2008

 

Universal Market Trader - Forex, Futures & Stocks

The brand NEW Universal Market Trader!
Stocks, Futures & Forex, both for Daytrades and Swing trades.

4 out of 5 Wins - Another Regular Day

If you aren't averaging about 70%+, or nearly 4 out of 5, then you aren't doing as well as the Universal Market Traders owners. And we're not the one's saying this, the owners are.

Universal Market Trader

"The UMT is by far the most consistently accurate trading system I have ever tried. In the last two weeks I have day traded 9 days. 8 of those days were profitable. I am running about 70% win.ning trades. The live trading rooms and weekly seminars have been invaluable in learning the system, and helping understand some nuance, such as what to do when a trade almost reaches target, and managing trades for profit. The owner's website and daily chat rooms have also been very helpful. Thanks very much Netpicks." - Douglas Felten

This is one of many testimonials we've received, most of which are actually recorded audio that we have transcribed, as dozens of owners have actually taken the time to call in and leave these on our voicemail.

Universal Market Trader

Go check out the Universal Market Trader's latest trades. We've got actual examples from all markets - forex, stocks, futures and commodities - daytrading and swingtrading. This truly is a one size fits all system...but don't take our word for it, the proof that it's working for hundreds of current users is just one tap away.


Trading Multiple Markets in Multiple Timeframes

Imagine a methodology so powerful, that once you learn it, you will immediately be able to trade markets you never even considered, or maybe you have, but never got around to learning a whole new way to trade them.

The UMT strategy gives precise non subjective trade set-ups that are instantly and easily identified, regardless of the market, timeframe or trend Click for Universal Market Trader Now!


 
Technical Indicators

Ultimate Oscillator

Developed by Larry Williams, the Ultimate Oscillator combines a stock's price action during three different time frames into one bounded oscillator. The three time frames represent short, intermediate, and long term market cycles (7, 14, & 28-period). Note that these time periods all overlap, the 28-period time frame includes both the 14-period time frame and the 7-period time frame. This means that the action of the shortest time frame is included in the calculation three times and has a magnified impact on the results.

It is expressed as a single line plotted on a vertical range valued between 0 and 100, with oversold territory below 30 and overbought territory above 70...

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Trading Education Tutorial
Courtesy of Nirvana Systems

Trading Ranges




Big Moves Occur Outside of the Range

A trading range is basically a horizontal channel in which a security moves from the high and low of the channel for an extended amount of time. Obviously, the upper level of the range can be considered resistance and the lower level represents support. Trading within a range is possible, but it's the breakout from the range that provides the best opportunities.

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NASDAQ Chart of the Day
Courtesy of Nirvana Systems




EPIC got a big downside break through the bottom of the bearish consolidation via a breakaway gap today, which signals more selling ahead. Watch 10.25 for continued selling pressure.

Daily Trading Signals

 
NYSE Chart of the Day
Courtesy of Nirvana Systems




BG has gotten a major downside break through the bottom of the bullish lower trend line today and could be headed much lower. This stock has trended steadily higher since last summer, but could be headed back toward the 95.00 zone.

Daily Trading Signals

 
Daily Market Commentary
Courtesy of Nirvana Systems

Updated Thursday, 1/17 for Friday's market.

Key DOW Levels for 1/18

UP

None

DN

Below 11,900


Major Sell-Off...

- Dow violates 12,400, drops 307 points. The Daily and Weekly Charts show the Dow is clearly making a run toward the 12,000 level mentioned in yesterday's commentary. However, many weeks back we mentioned that if 12,800 were crossed, a real target of 11,100 could be reached, as calculated by the large triangle pattern (or diamond/head-and-shoulders patter) from the Daily and Weekly Charts. The Dow clearly seems ready to test 12,000, which 11,100 not far below.

- The NASDAQ and S&P each sold off today, but the tech-heavy index lagged behind the heavy selling of the Dow and S&P. Each index reached new lows within their respective downtrends and a consolidation may now form.

Summary

The Dow ended the day with a big loss, as the index sold off heavily throughout the day. The index has gotten a solid break below 12,500 and will likely test 12,000 next. Watch this zone for a near-term bounce.

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Trading Education Tutorial
Courtesy of Nirvana Systems

Island Reversals





Stand Alone Formation Speaks Volumes

Reversals tend to occur slowly, with securities forming double bottoms, higher lows, head and shoulders patterns, etc. before starting a new trend. However, sometimes we see a dramatic reversal immediately, and one of the best indications of these types of reversals is Island Tops and Bottoms.

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Pattern Cycles: Breakouts

Significant declines evolve into long bottoms characterized by failed rallies and retesting of prior lows. As new accumulation slowly shakes out the last crowd of losers, a stock's character changes. Prices push toward the top of key resistance. Short-term relative strength improves and the chart exhibits a series of bullish price bars with closing ticks near their highs. Finally the issue begins a steady march through the wall marked with past failures.

Stocks must overcome gravity to enter new uptrends. Value players build bases but can't supply the critical force needed to fuel rallies. Fortunately, the momentum crowd arrives just in time to fill this chore. As a stock slowly rises above resistance, greed rings a loud bell and these growth players jump in all at the same time
...

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NASDAQ Chart of the Day
Courtesy of Nirvana Systems




NITE got a solid upside break through the top of a clear consolidation today via bullish breakaway gap. Look for more strength above 15.50 to signal more strength ahead.

Daily Trading Signals

 
NYSE Chart of the Day
Courtesy of Nirvana Systems




GMO got a huge reversal at the key 50% Fibonacci Retracement level today and could be headed higher once again. Watch 10.50 for signs that more strength could lie ahead, likely toward new highs above 12.50.

Daily Trading Signals

 
Daily Market Commentary
Courtesy of Nirvana Systems

Updated Wednesday, 1/16 for Thursday's market.

Key DOW Levels for 1/17

UP

Above 12,700

DN

Below 12,400


Volatile Session...

- Dow breaks to new lows, but trades sideways the remainder of session.


From prior commentary, "...The Dow has held firmly within the boundaries of 12,500 and 12,930 over the last eight days and could continue to build out within this range. However, a breakout will likely unleash a huge move, so watch these boundaries closely..."

The Dow opened the day with an early decline this morning, as the index broke through the 12,500 level en route to steady selling to the 12,417 level, as seen in the 15 Minute Chart. The index then bounced from lows and rallied 200 points before finally ending the day with a loss of about 35 points.

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