Today I’d like everyone to welcome back Bill Poulos from ProfitsRun. Bill is launching a new forex product, Forex Profit Accelerator, and to put him to the test I wanted him to come and teach us a little more about the necessary patience needed to be a successful, yes SUCCESSFUL, forex trader. Your comments are [...]

The Nasdaq is up nearly 4% for the year and the financials have erased half of their YTD losses with this months 24.74% rally and they are now down “only” 24% in 2009! I had a great powder day today, but I cannot help but wonder how I would have done if, instead of floating on fresh snow, I was trading. The market will be here after my week off, but today’s upside move was enough for me to temporarily wonder…

Today’s trading saw a wobbly start after the large gap higher, but quickly reclaimed VWAP and never looked back. These charts are a great example of why daytrades should generally be done in the direction of the VWAP for the day.

We have been observing the Volume Weighted Average Price since the gap higher on March 10 and you can see why the average price since “the bottom” remains a key benchmark to observe.

I receive a lot of questions about sources of learning for market information and the video below takes you on a brief tour of what is one of the best deals out there. You can sign up for a free trial by clicking the banner below and then it is just $100 for a full year of 24/7 access.

Education is not filling a bucket, but lighting a fire.
~William Butler Yeats