Only 1000 charts matt- clearly you are not working hard enough

Quite an impressive win/loss ratio there matt. Will be interested to see the results for the erx. Thanks for the hard work matt

I suspect there are many disgruntled and frustrated people here on this site and just about everywhere else. I have read on many forums on how difficult this market is to trade. Before we hang Ducati out to dry, he is just another trader who is struggling to make sense of it all. Anyone who has been trading for a few years has been in his position unless you are some sort of trading guru. Let me share my trading journey with you through the various newsletters that I have subscribed to in the past. My first paid website was the Motley Fool website where I subscribed to 3 newsletters - Rule Breakers, Stock Advisor and Hidden Gems. I could never make consistent money with them as I did not have the patience and mind set of a long term buy and holder. So I ceased my subscription. I then subscribed to the Aden sisters gold newsletter which once again was a longer term type newsletter and a big picture newsletter which I could never make money from so I stopped subscribing to them. Thereafter followed a plethora of newsletters some of which I have forgotten - but they include Robert Miner's Dynamic trading newsletter (couldn't make sense of his system), one of Joe Ross's many newsletters - this one on spread trading if I remember correctly - could never get the fills and exits that he seemed to get, a paid private forum in Australia which was great to network with other traders but did not get a lot from the experience money wise, Michael Ashbaugh's trading newsletter etc etc...... As you can see my journey was a long and expensive one. It has probably taken me 10 years to be consistently profitable in this game, but I believe that I had to go through all these experiences to find out where my niche was and how to trade it. Trading is not easy and not for everybody. Just because there are some who make a very good living out of trading does not mean that can be automatically transferred to others. Sometimes you have to just admit to yourself that trading is not for you. We are all on this very difficult path so some support for each other would be helpful.

As for Matt and Steve, keep up the great job. I find the newsletters and commentary helpful and beneficial to my trading.

Peace out

Good question Richie. My view on mining stocks is that they are not a good long term hold. Coming from Australia, most of our market is dominated by mining companies. You only have to take a look at our various indices to see that we have really been under performing the us market for the best part of this year. The mining companies have relatively poor yield as well so they are not great from the dividend perspective either. The share prices of miners are very cyclical. I find that they are good to trade short to medium term, but not good for a long term buy and hold strategy. That's my take anyway. As for gold and silver, have you considered buying etf's? That way you get exposure to the price of each metal without having to purchase the physical.

Where do I sign up Matt. Would love to be in a "trading room" with other futures traders as I trade futures exclusively. Also would love to pick the brains of someone who has made a successful career in it as well. Please keep me informed

Thanks

Thanks Steve. That is a very clear cut chart. I tend to agree with your observations there especially the break through the 200 ma and then subsequent resistance

Watching for a decisive break of the 50 ema here. Might be a bit of a runup here if it can break out

What is the trendiing indicator Matt? Is it a moving average of some type?

Thank

LOL - here am I thinking Matt was referring to point of sale stocks which made absolutely no sense!

What's POS? Is that a sector that I haven't heard of?

I don't trade TLT or TBT as such, but  I trade the futures contracts - either ZN ( 10 year treasury note) or ZB ( 30 year bond). To me , I was also expecting a bearish scenario, but the last few days price action in the bonds has me more bullish. In the ZN chart especially, I see the price broke down through the August lows at around 145'27 last week, but has since rallied back above that resistance/support level. To me, this is a classic "fakeout" type pattern and can result in quite strong moves.

Nothing market moving wise. Why?

Ivor bad feeling -classic lol

Wonder what prompted that spike down in the Aussie?

Zach - what is a credit spread? and how do you initiate it with IB

Thank

I think the vast majority of subscribers here will be disagreeing with you mfogli. If anything Steve and Matt have to be some of the best newsletter presenters on the net IMO. I should know - I have subscribed to heaps of them. If you think Matt and Steve are bad - try subscribing to any of the Motley Fools newsletters - some of their newsletters have been seriously underperforming (by my metrics anyway - not theirs). They do apologise but then smash you with tons of advertising material touting their latest and greatest and how David picked AMZN back in 1989 and it has grown 1000% - wow.

The only way to keep your father in law happy is to look after his daughter!

The ECB and the almighty MArio Draghi is speaking

And back out the other side - I love this market

And she pops to the upside