Not every trade ends up as a trend, and the market will go in the direction it wants to go, so just hop on and enjoy the ride.
Austin, TX. (PRWEB) February 04, 2012
“Three Must Watch Trending Markets” by Mike Sankowski has been published on the Absolute Wealth website, and in the current Absolute Wealth newsletter. There are three ideas to combine that form a powerful profit making trading system, Mike reveals in the Absolute Wealth newsletter, which are:
1) Entries: Trend Following Scans many markets Looking for Trends
2) Exits: Trend Following uses "Cut Your Losses and Let Your Winners Run" on every trade
3) Account Protection: Trend Following only risks a small amount on every trade.
Mike Sankowski in the Absolute Wealth newsletter talks about how these ideas work in the real world markets, by examining 3 popular markets.
The first market is Gold, Mike reveals in the Absolute Wealth newsletter, and the trend said "Buy", so that's what the TF101 system did. After scanning many markets looking for trends Gold was the pick, says Mike in the Absolute Wealth newsletter. Just 3 weeks later, and the trend in gold has been steady as a Swiss watch, says Mike in the Absolute Wealth newsletter. Markets like this are wonderful for trend traders, explains Mike in the Absolute Wealth newsletter, trend following uses trailing stops as the market moves in the direction of the trend, the exit stop "follows" the market higher.
Euro Currency, Mike of the Absolute Wealth newsletter reveals, is still in the down trend even though the Euro currency has rallied over the last 2 weeks, the numbers still say it's more likely to go down than to go up. Mike also writes in the newsletter, that this [down trend of Euro currency might accelerate dramatically over the next few days. From November 1st to just a few days ago, this down trend really showed up, explains Mike in the Absolute Wealth newsletter.
Corn, Mike asks in the Absolute Wealth newsletter, if it will make up its mind. The reason Mike wonders this in the newsletter, is because about 3 weeks ago, a very negative crop report came out, and it turns out people are planning on planting a huge amount of corn for this year. Corn has been in a downtrend since the end of last year, so the Trend Following 101 system got short, writes Mike in the Absolute Wealth newsletter. Mike adds in the Absolute Wealth newsletter, that corn hasn't made it back to the prior prices, but it is getting close.
Not every trade ends up as a trend, and the market will go in the direction it wants to go, explains Mike in the Absolute Wealth newsletter, so just hop on and enjoy the ride. Subscribe to the [Absolute Wealth newsletter for more information.