Learn Forex HyperCompounding In The Forex Markets

I sent this email to my list earlier today… thought I would put it up here as well as I think tomorrow could get seriously ugly….

I have been talking a lot recently about the bloat and fundamental flaws I have seen in the stock market’s rally, and now it seems that the baloney express may be coming unhinged.

The market squeezed hard the other day after the whoop-dee-doo GDP numbers came out, then fell apart the following session as trader’s actually read and analyzed where that number came from.

(Gov spending.. Surprise Surprise!)

As we saw from prior scandals, creative accounting can puff up a market in the short term, but in the end the chickens come home to roost…

From a technical standpoint we are in a very scary place…

A look at the monthly chart for the S&P 500 shows a clear double top and a rally to resistance which is now rolling over. If this chart was say an hourly, I would be jumping in with both feet to the short side.

I can’t express strongly enough my discomfort and feelings of doom that have been intensifying as I watched the price action in the stock market last week. The squeezes and bearish traps intra day vanished and were replaced by what looked like steady non panicked selling.

As usual, if the market gets violent, it will not harm me as an investor… Rather, I am looking at ways to profit on the short side from the panic I think is forthcoming.

If we get a big gap down at the open tomorrow it would actually be an interesting LONG for a gap fill. We are quite oversold, and so a snapback would not be a shocker. In fact, I am kinda hoping that we get a sharp rally in the morning that would set up a rally to resistance entry mid session.

I have been so focused on the intra day FX markets of late, it is kind of exciting to see what could be the beginning of a big position trade showing itself in the S&P. So be on the alert tomorrow and let’s see what the market will offer us!

I will also begin scheduling new consulting clients this week, so if you’re serious about your trading, and are willing to do the work it takes to become successful in this job… let me help you define your business.

Unlike most trading mentors who are teaching a specific style or curriculum, I treat my one on one consulting clients as the unique individuals they are. Helping you find yourself as a trader, then matching you to a trading style that fits your personality should be the primary goal of a mentor/student relationship. After all, I can give you five different edges, but if you are unable to execute those trading plans they are of little worth.

So here’s the deal…

I am going to open the phone lines on Wednesday and Thursday afternoon of this week What I need you to do is send me a brief e-mail with a bit of information about who you are, what you’re trading style/strategy is, and where you are in your learning curve. Include a telephone number and what times you can be reached Wed/Thu afternoon….

I will pick up the phone and reach out to the first 20 traders in the order which their emails were received. I’ll give each of the lucky 20 a half session for FREE. ($125 value) We will have a chance to discuss your goals for trading, as well as any issues you may have. At that point, I will have the information I need to tell you pretty clearly what I would focus on if we were to work together in a one on one capacity.

I look forward to speaking with the lucky 20…If you don’t make it, stay tuned and you can try again next time!

Hope to speak with you soon!

Good Luck and Good Trading!
-Bo Yoder

Very happy with the end of week 1.  Banked 54 pips and this 30% in one week gains was almost double my original goal.

Hoping next week can be as routine…

The strategy adjustments I made and put into that bonus video module are working like clockwork in spite of what was a very messy and volatile week.

To see the rest of this video, and videos of each and every trade taken this week, (Recorded LIVE) become a LiveBlog subscriber!

(If you kick the tires a bit and decide that the Cash Bomb Sequence isn’t for you, then just cancel anytime during the trail period and your card will not be charged.)

See You On The Live Blog!

Have you seen this?  I have never taken the financial media seriously, and have tons of examples of lameness to reinforce this bias…..BUT This one takes the cake!

Here is what happened….

Dick Bove of Rochdale Securities was interviewed on CNBC Wed morning following Wells Fargo’s (NYSE:WFC) earnings.  The interview is posted below…

Some choice quotes from the interview…

Wells Fargo “has its loan losses under control” and  “should be able to grow revenues by increasing loan volumes”.

Wells Fargo “should do well in the market today and lift all financial stocks.” And  Wells Fargo is a “standout” .

All this would be business as usual but for the fact that later that day, (Just before the close!) Mr Bove issued a “shock” SELL rating on Wells Fargo…

(Downgrading the stock from Neutral.)

I could go on as many have about what a load of BS this is, but the important bit that we as traders need to take from this is that the opinions of the talking heads are always TOTALLY SUSPECT!  You must let the market and its real world order flow dictate your trading if you are to succeed.

Be your own man or woman, figure out what your bias is and what the reward potential is…THEN TRADE IT!  Let the yappers make fools of themselves without wasting your time.

I have been totally flattened by flu recently, so have not been trading or updating. Today is my first day with a little energy, so I have been trying to catch up a bit on emails and site updates..

I am still too sick to trade, but I thought I would use a little energy that I have this morning to talk about self diagnosing mental state. When this flu first hit me, (Still waiting for the swine test to come back)I was to sick to care with high fevers and debilitating symptoms. I went to the doctor, and they sent me home with tamiflu and some antibiotics to take care of the infection.

After years of looking inwardly and asking “are you objective and stable?”, I felt an immediate shift in mental state when the tamiflu started. Inappropriate anger and depressive feelings that I attributed at first to being in bed in flu misery for a week. I was NOT going to “trade angry” as I have seen first hand in my clients the awesome power for destruction that this can bring. The brain will convince you that all kinds of stupid moves are needed to “get even”

But as I could see again, I looked up the side effects of Tamiflu and found that this is a psychoactive drug with a history of depression and even suicide among its recipients.

We are a nation of prescribed druggies. Being able to know when your mind is unaltered and clear is CRITICAL to long term success as a trader. Look at your feelings and keep a journal of “spikes” if emotional mistakes are a problem for you in your trading. I had an experience once in my one on one consulting practice where a client came to me looking for better consistency. Upon analyzing his trades I found that all his “stupid” losses were in the morning. (Usually before 10:30) I dug and dug and figured out that this gent took several prescriptions in the morning, then washed breakfast down with 16oz of coffee, then drank a red bull at his desk. His brain was so loaded with mind altering chemicals it was no wonder his judgment was inconsistent. This discovery saved him tens of thousands in errors and poor choices. How much are you giving back when there is no need?

Look inward…How are your emotions and thought processes? Is today a day to be trading? That simple question can have a HUGE impact on your returns…It is worth spending some time on!

The switch to a new more robust server seems to be stable now.  It has been more then a week since we have had a subscriber with a technical issue, so I think that puts us at the end of the CashBombSequence’s launch phase!

So at the end of next week, (12:00 noon – September 18th) we will end the special launch pricing of $67 for the Video Training Modules, and $27 per month for the Live Blog Service.

In addition as a thank you to those subscribers who stuck with us during that period of total server meltdown after the launch, I am going to do a special client only bonus module…

Trading & Poker: Taking Money Management Techniques From the Green Felt to the World’s Currency Markets.

I am going to put a price of $47 on this, but before I do, I want to offer it as a thank you gift to current clients, and as an sign up incentive to those who have been watching us during the launch phase.  If you have purchased the Video Training Modules by 12:00 noon on  September 18th, 2009, you will receive a download link in your inbox with my compliments!

So act now by clicking the button’s below and gain instant access as well as locking in these prices before they go up to their “Business as usual” levels…

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