Razor Swing Trader

Starting Something New - Videos SOON

2016-10-30T08:59:00.001-07:00

Hi Traders

Been working a new and better way to communicate.

Coming Soon Videos of my market view and trades

Will be cool, interesting and of course pure trading.

Cheers
Razorswingtrader

ASX 200 XJO Morning Trade

2016-04-03T19:11:00.001-07:00

This morning I trade the ASX 200 XJO, got smashed around with premarket trades and collected some losses.

My market view was bullish however having a view and waiting for the right entry signal is two different things.

I have found that having a view for short term time frames can be an obstacle in being apt to trading WHAT IS the real reality of the charts and signals.

So I was bullish before open and the market moved higher to only whip my tight stop. :<

So I went short thinking I maybe wrong, again got whipped, :<

Went long again got whipped again, now this is getting emotional and costly :<

Saw some formation of support and a reasonable entry and went long again as originally decided.

This time the market settled and moved well to my price target with little resistance on the way for a 35 point move.

Made up the losses and captured some profit. :>

Trade Well.

The John Effect - Seeing is believing

2016-02-23T22:36:00.000-08:00

I was asked on YouTube in the comments section to show my trading.

Well here is today's screen shot of the action of the ASX 200.

Look at the top of the charts under gain for today.

Enjoy:>

ASX 200 (XJO) 18/02/2016 Trending Down

2016-02-17T07:12:00.002-08:00

This post highlights the ASX 200 ( XJO) Weekly Chart.

The reason for the weekly is that the markets all overall the world are being hit with global news trends. Of course the big non stop noise is about China.

The issue is that no one really knows the real mess in China apart from the Chinese Government Elite.

Mean while as China comes back to economic realities Commodities are coming off the boil.

But the logic is not as the news makes out a bad thing.

Lets think for a minute???

Cheap oil is good for business, unless you are in the oil business.
Cheap China goods are good for consumers and China companies getting export orders.
China wants to turn back the clock and devalue the yuan for the simple reason, CHEAP sells.

So Australia is caught in the middle of the cross fire of the Chinese balloon deflating.

However the economic clock must turn eg more export orders more demand for resources more orders for Australian commodities. Its only a matter of time.

Lets look at the Weekly Chart.

As you can see the market is a down trend, 4,641 is a highly likely area of support as it was the previous bottom. If it breaks that level then 4,245 is on the cards. The yellow zones are areas of support or resistance, which have done little to stop the falling trend.

I have recently gone back to looking at the weekly charts as they really do show the BIG picture.
In this case the Heads and Shoulder pattern was very obvious.

It will take a lot of energy to 1. break the yellow zone moving up and 2. break the trendline (in blue).

Happy Trading.
RST.

ASX XJO - Daily Setup for the Week 26/10/2015

2015-10-25T06:23:00.000-07:00

The Australian Index ( ASX) XJO is in a very strong bullish pattern. Started with the trendline break at 5,126 and then moved in consolidation holding pattern. Fridays strong breakout bar has signal a buy on everyone's charts. Monday should see a strong day up to 5,500 area.

After 5,500 comes we have 5,570, 5667,5775, and ultimately 6,010.

There is a lot of room to move upward over the coming week or weeks.

DAX to the MAX

2015-10-25T03:25:00.001-07:00

After the Dow 's big move on Thursday (319 points) I knew that the chances of further bullish momentum would be high.

So I set the following DAX trade with a tight stop of 10 points and a very large price target of 117 points.

The concept for the trade was simply a breakout of the last two highs and a move to the blue hour price target. The blue lines are my own propriety system.

News regarding China drop in interest rates lit the fuse and the DAX went nuts over three hours and hit our target. :>

This was a great end to a tough trading week as the beginning of the week the market went sideways without any direction.

ASX 200 Morning trade - Perfect Setup - 18/06/2015

2015-06-17T19:49:00.001-07:00

This morning the ASX 200 (XJO) formed premarket a triangle formation.

I waited for the triangle break for direction of the day.

Entered at 5564 Short, soon after the low of the previous day was broken and the market pushed down.

My target was 5525. This figure was confirmed on three different measurement from price action.

Market descend in a straight line down.

The hardest thing in a trend is to just sit and watch, I trailed my stop slowly as price pushed lower.

Price reached target and profits taken. :>

The trend is your friend.

Trading Oil 29/05/2015

2015-05-28T17:18:00.001-07:00

Had a wide ride last night until this pattern formed on the 5min chart leading to a great breakout to the upside.

Looking at momentum gives clues as to what the underlining is doing. As you can see the WBS indicator is showing divergence as price falls. Following price action alone traders would be going short while accumulation is being carried out in the descent.

This was one of the only decent patterns that formed during the session, It pays big to be patience and wait for the market to come to you, and not chase it.

Trade to WIN $35,000 OF PRIZES !!!!! BE QUICK

2015-04-28T09:01:00.000-07:00

My friends at Tradable are running a free competition where the winner will get $5,000 USD.

Free to enter and free software platform. Check it out here - I am in and it starts on MAy 16th 2015.

For more info CLICK HERE http://compete.tradable.com/?ref=NhQQR

CHF Swiss right on time???

2015-01-20T19:40:00.001-08:00

The Forex Markets got smashed with a black swan.

Many traders have gone cuckoo over the Swiss Reserve Banks rash announcement.

play the video below it explains it all.

Pattern Breakout Lesson for Quick Profits

2014-07-07T07:00:00.001-07:00

Want more trading lessons like this?

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Are You Using the "Trader's Equation?"

2014-06-21T10:06:00.000-07:00

6 A trade is not worth taking unless it satisfies the "trader's equation," explains Al Brooks, who defines this critical...
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Brooks Trading Course, Module 7, Free Preview, Buying and Selling Pressure

2014-06-19T15:59:00.001-07:00

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Al Brooks Trading Channels

2014-06-19T08:38:00.000-07:00

Al Brooks presents on Trading Channels.

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Investing In Gold Pros And Cons Stock Market

2014-06-19T01:42:00.003-07:00

I
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Trade Profitably with No Indicators

2014-06-18T19:12:00.001-07:00

For more than two decades, Al Brooks has relied upon this binary strategy, which focuses only on range and trend tradi...
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Trade Secrets Revealed Stock Market Investing Tips Online Stock Trading Tips

2014-06-18T14:42:00.001-07:00

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Interview With Michael Marcus from Market Wizards

2014-06-17T23:34:00.000-07:00

Who is Michael Marcus? Michael Marcus previously worked as a trader at Commodities Corporation, an investment management firm that was later acquired by Goldman Sachs. Reportedly, Michael Marcus was able to increase his account 2500-fold from $30,000 to $80 million over a span of 20 years. Did the thought ever enter your mind that maybe trading was not for you? No. I had always done well at school, so I figured it was just a question of getting the knack of it. My father, who died when I was fifteen, had left $3,000 in life insurance, which I decided to cash in , despite my mother’s objections. On the secret to successful trading: I think the secret is cutting down the number of trades you make. The best trades are the ones in which you have all three things going for you: fundamentals, technicals, and market tone. First, the fundamentals should suggest that there is an imbalance of supply and demand, which could result in a major move. Second, the chart must show that the market is moving in the direction that the fundamentals suggest. Third, when news comes out, the market should act in a way that reflects the right psychological tone. For example, a bull market should shrug off bearish news and respond vigorously to bullish news. If you can restrict your account activity to only those types of trades, you have to make money, in any market, under any circumstances. Did these losses have any of the emotional impact of losses in the market? The reason I ask is that you seem to talk about these investment losses very dispassionately. Yes, it hurt to realize what a fool I had been, but I have learned not to be as attached to material things. I accepted it as a life lesson. I learned that I don’t have to own a house in every beautiful place in the world; I can stay at a hotel and walk on the beach or climb a trail there. Do you think being a great trader is an innate skill? I think to be in the upper echelon of successful traders requires an innate skill, a gift. It’s just like being a great violinist. But to be a competent trader and make money is a skill you can learn. Having been through the whole trading experience from failure to extreme success, what basic advice could you give a beginning trader or a losing trader? The first thing I would say is always bet less than 5 percent of your money on any one idea. That way you can be wrong more than twenty times; it will take you a long time to lose your money. I would emphasize that the 5 percent applies to one idea. If you take a long position in two different related grain markets, that is still one idea.The next thing I would advise is to always use stops. I mean actually put them in, because that commits you to get out at a certain point. When you place an order to get into a position, is it accompanied by an order to get out? You also have to follow your own light. Because I have so many friends who are talented traders, I often have to remind myself that if I try to trade their way, or on their ideas, I am going to lose. Every trader has strengths and weaknesses. On exiting a position: That’s right. Another thing is that if a position doesn’t feel right as soon as you put it on, don’t be embarrassed to change your mind and get right out. f you become unsure about a position, and you don’t know what to do, just get out. You can always come back in. When in doubt, get out and get a good night’s sleep. I’ve done that lots of times and the next day everything was clear. Do you sometimes go back in right after you get out? Yes, often the next day. While you are in, you can’t think. When you get out, then you can think clearly again. What other advice would you give the novice trader? Perhaps the most important rule is to hold on to your winners and cut your losers. Both are equally important. If you don’t stay with your winners, you are not going to be able to pay for the losers. Both are equally important. If you don’t stay with your winners, you are not going to be able to pay for the losers. You also have to follow your own light. Because I have so many friends who are talented traders, I often have to remind myself that if I try to trade their way, or on their ideas, I am going to lose. Every trader has strengths and weaknesses. Some are good holders of winners, but may hold their losers a little too long. Others may cut their winners a little short, but are quick to take their losses. As long as you stick to your own style, you get the good and bad in your own approach. When you try to incorporate someone else’s style, you often wind up with the worst of both styles. I’ve done that a lot. n the final analysis, you need to have the courage to hold the position and take the risk. If it comes down to “I’m in this trade because Bruce is in it,” then you are not going to have the courage to stick with it. So you might as well not be in it in the first place. I assume that we are talking about very talented traders, and it still doesn’t make a difference. If it is not your own idea, it messes up your trading? Right. You need to be aware that the world is very sophisticated and always ask yourself: “How many people are left to act on this particular idea?” You have to consider whether the market has already discounted your idea. What kinds of misconceptions about the markets get people into trouble? Well, I think the leading cause of financial disablement is the belief that you can rely on the experts to help you. It might, if you know the right expert. For example, if you happen to be Paul Tudor Jones’ barber, and he is talking about the market, it might not be a bad idea to listen. Typically, however, these so-called “experts” are not traders. Your average broker couldn’t be a trader in a million years. More money is lost listening to brokers than any other way. Trading requires an intense personal involvement. You have to do your own homework, and that is what I advise people to do.

Fed's insider-trading crackdown brings charges in California - Los Angeles Times - Today's News

2014-06-17T22:15:00.001-07:00

Today News NEW YORK — The federal government has filed charges against a California hedgefund analyst and a former tech executive in its continuing crackdown...
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3rd April 2012 FOMC Day 3 ES Trades

2014-06-17T17:07:00.001-07:00

I took 3 trades using Al Brooks method today using 12 contracts for each entry. Not a great result, but profitable.

Al Brooks on Trends, Reversals and Ranges

2014-06-17T09:28:00.001-07:00

In this webinar, Al focuses on live chart analysis of the SP500, DOW, Euro, Go...

2 trades on ES, daily target hit

2014-06-17T09:27:00.001-07:00

http://keymoo.info/trading http://twitter.com/#!/mootrader 1 trade in the european session and 1 trade in the US session.

Focus is the Key to Long-Term Trading Success

2014-06-17T09:04:00.001-07:00

Al Brooks shares his thoughts on one of the keys to long-term trading success.

How to Deal With Trading Stress

2014-06-17T09:01:00.001-07:00

Al Brooks talking about how to deal with trading stress when there are not a lot of good price action setups.

Ukraine Stock Market Crash?

2014-03-02T19:36:00.002-08:00

The current situation in the Ukraine is simple.
First, the facts. Russia produced around 10.6 million barrels of oil in 2012 according to BP’s Global Statistical Review. This was second only to Saudi Arabia who produced around 11.5 million barrels. BP will release its 2013 statistics in the next few months; we don’t expect to see too much proportional change. Total global oil production is currently at around 86 million barrels, this highlights Russia’s position. Russia is even more prominent in natural gas production; it produced around 592 billion cubic metres in 2012 which was the largest single production by a nation. A large proportion of this gas exports through legacy pipelines, which run through countries like the Ukraine and end up as a major energy source for most of Western Europe.
At the end of the day, Western Europe needs its energy and Russia knows this well. This brings us to the second point, politics. Russia can afford to negotiate its geopolitical interests on its own terms because it knows that whatever reasonable measures it puts into place, there is little that Western Europe can do economically. A military occupation of Crimea and other Russia interests in and around the Ukraine will be met with nothing other than Western vocal opposition. Russia knows that it can push its military to certain points with little consequences. The West will use its media and lobbying to try and paint Russia as an aggressor but this is not likely to make any difference, as has been the case in Syria for the past two years.
The third point is economics. If there are military strikes in the Ukraine, which is not likely, there might be a slight spike in the gold price. Russia needs global markets to sustain its economy; it cannot afford to isolate itself. It knows that military operations are a just a means to prove the point that it is a force to be reckoned with. The whole issue highlights a bigger theme around energy prices. Western Europe is held hostage to a dominant and defiant Russia which is still a completely dominant force in energy markets. This means Western capital and technology will chase diversification in the coming decade. North Africa and the Mediterranean are key areas of energy development for Western Europe, particularly for liquefied natural gas. If the West cannot get this type of diversity up and running fast enough, the squeeze on oil prices will be profound.
Peter Esho, Invast.