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** Folks - Sign up to our Trader User Group Blog -- It's Free!! **

From: Hal B.
Sent on: Tuesday, October 19, 2010 10:11 AM
Folks, if you are not on our User Group Blog then you should be.....here is the link to take you to the sign-up page: http://www.traderusergroup.com/blog/

Here is the Blog post I just put out....these posts are NOT done on the Meetup web site which is why you should sign up if you're not on the blog list now...

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Folks, during our past Saturday User Group Trading Session I spent some time talking about an upcoming trade that had great possibilities?I hope those of you that were listening were able to take advantage of those trades?

First up is Gold?true, longer term I am bullish but during that session I was talking about shorting Gold as my indicators were telling me it was/is overextended and a good higher probability trade was to short Gold with a stop outside of its upper trading range?as I type this Gold is already down over 36.80 points (that is $3,680 dollars per contract) since yesterday alone?.

And the other trade of note is going Long the Dollar?Yes, the Dollar!! The Dollar has been pushed down tremendously over the past 6 months reaching almost new lows and the higher probability trade was to go Long the Dollar according to my set-up?additionally, the Dollar has been moving opposite Gold so that gives you an almost ?two-fer? in this trade?.trading off extremes increases your probability of success although you must be able to read a chart to help you set up the trade?.

And speaking of setting up the trades on charts, for our upcoming November Trading Session (Nov 20th?same place./same time) we will spend a good deal of time on technical analysis and chart reading, along with position sizing and setting stop losses?this is so, so important to putting the odds in your camp when trades are taken?this will be a very important session so for those folks that are within driving distance you should try and make it?for those Members that are too remote I will be working on setting up an internet webinar covering these very topics?this webinar will be for Members only and will be recorded for replay in case you miss it?.

Folks, this one session alone could help improve your trading over 100% if you learn these techniques?.if you are a subscriber to this blog but are not a User Group Member, I would highly encourage you to join up?I use these techniques we?ll be discussing with every trade I put on?.and there is no reason why you can?t add these to your trading tool kit as well?.

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So, if you are not a subscriber to our User Group Blog (again it's free to sign up!) then you should go over and sign up....otherwise you'll miss really good market comments and feedback...

Trade Smart -- Not Often

hpb

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