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Traders & Investors Club Meeting - 21st June 2011
Here is the agenda for the evening.
Market Roundup And Open Forum
Kevin Barry of the Traders & Investors Club remains bearish on both the stock market and the commodities sector. The gold rally in early June failed to make a new high and silver and copper are also displaying signs of technical weakness along with most of the commodity sectors. Conversely, the last US Dollar pullback found support right at the 76.8% Fibonacci retracement level which may well confirm the continuation of Kevin's long-predicted Dollar recovery.
The technical picture of the stock market is one of continuing weakness on both sides of the pond. The QE-fueled stock and commodity buying frenzy is about to run out of gas which leads Kevin to suspect that a long-term top in both asset classes is not far away. He does not rule out one last bear rally; it all depends upon whether or not the virtual money printing presses will be cranked up yet again.
All of this coincides with the recent Financial Services Authority mini-survey of Wealth Managers (firms that manage assets and investments for retail clients) stating that 14 out of 16 of them were judged to pose "a high or medium risk of detriment to their customers". This may be news to the FSA and the financial press but it is hardly news to us here at the Club. It would actually be funny if it weren't so serious.
As the inevitable deflationary scenario plays out, the Financial Regulators still continue, King Canute-like, to command the ocean to retreat. Isn't it said that a sign of madness is to repeat the same behaviour over and over again and yet expect a different result each time?
So, is everything absolutely hopeless and we're all heading to hell in a handcart?
Not at all. There are always trading opportunities if you take the trouble to look for them. The first step is to accept responsibility for your own financial future and join the Traders & Investors Club.
Kevin Barry of the Traders & Investors Club will be revealing his market positions for this month as well as presenting our regular summary of the recent global market action and throwing the floor open for YOUR take on the current trading environment.It is our great pleasure to welcome Dr. David Paul to the Traders & Investors Club this evening.
How I Trade
Since 1993, Dr. Paul has researched every possible method for consistently taking profits from actively traded markets. He has distilled a novel approach to trading, which is a composite of everything that he has been taught and discovered over the last 18 years. Dr. Paul has coached traders in all of the major South African banks in the execution of his trading techniques.
Dr. Paul also runs a live trading room with his trading partner and very good friend Tom Hougaard in which he publishes his live market positions. He also delivers training seminars for all levels of trading expertise.
Dr. Paul is an engaging and entertaining speaker. He has a unique approach to trading the market that will bring you new insights even if you are an experienced market player.
This evening, Dr. Paul will share his trading philosophy with us in a special extended session.
Amongst the topics that he will be discussing are:
- What I do
- What's the difference between Trading and Investing;
- Method, Money and Mind
- Building a technical edge in markets
- Price action; study of trends and turning points
- Volume
- Momentum
- Time
- Playing the game
Don't miss this rare opportunity to hear Dr.Paul speak in the intimate environment that is the Traders & Investors Club.
Dr. David Paul - The Three Pillars Of Trading Success
Since 1993, Dr. Paul has researched every possible method for consistently taking profits from actively traded markets. He has distilled a novel approach to trading, which is a composite of everything that he has been taught and discovered over the last 18 years. Dr.
Market Roundup - 21st June 2011
The gold rally in early June failed to make a new high and silver and copper are also displaying signs of technical weakness along with most of the commodity sectors.