For any of those contemplating investing in the commodity markets, they need to be very aware that losses are part of the game. As Ed Seykota has taught so many commodity and forex traders… losses are like breathing. They can not be avoided. If you are not having losses..either you are not trading.. or you are risking way too little. There is no way around it!
The Fact of life is when you are trend following, you will have losses… If you think you are going to prevent them, don’t even think about trading the commodity markets.You can not make money if you are not prepared to lose.
What is most important to realize that even the percentage of winners does not even matter. Losses must be kept to a minimum and profits…lets say… let them run as much as they want without any limitation. This is the key…not percentages of winners. Let your profits run…

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Daily Market Commentary for April 15, 2009

President Barack Obama pledged to rewrite the “monstrous” U.S. tax code, which he said is “far too complicated” for most people to grasp. (read more at Millennium-Traders.Com)
http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:

Consumer Price Index:
U.S. March Consumer Prices fell by 0.1% compared to consensus of a drop by 0.1%; U.S. March CPI Excluding-Food & Energy increased by 0.2% compared to consensus of an increase by 0.1%; U.S. March CPI Unrounded fell by 0.138%; U.S. March CPI Unrounded Core increased by 0.171%; U.S. March CPI Energy Prices fell by 3.0%; U.S. March CPI Food Prices fell by 0.1%; U.S. CPI fell by 0.4% on the year which is the first decline since August 1955; U.S. Real Average Weekly Earnings unchanged in March.

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Forex Trading- The Strategies the Pro’s Use

The other alternatives are swing trading and long term forex trend following and this article is all about the latter method. If you look at any forex chart, you will see long-term term trends that last for months or years. These moves can and do yield serious profit - present we will outline a simple method to get them.

Breakouts- Trading on Confirmation of Break outs

By far the best way of catching the serious moves is to use a forex trading strategy based around breakouts. A breakout is simply a move on a forex chart where a new high or low is made and resistance or support is broken.

It’s a fact that most leading moves start from new highs or lows. Right this an sit it next to your computer so that you don’t forget it.

While it might appear that you are not buying or selling at the greatest level, you are in terms of the odds of the trend continuing. Most forex traders make the mistake of waiting for the breakout to come back and get in at a better price but these traders never get on board. The grounds for this is if a breakout occurs, then you have a new strong trend and a pullback is not very likely to occur. So you will the boat and therefore profits.

Most traders don’t buy or sell breakouts and that’s exactly why it’s such a powerful method.

The only point to keep in mind is a support or resistance which is ruined, should be valid and that means at least 3 points in at least 2 different times frames. The more tests and the greater the spacing between the tests the more valid the level is.

Confirmation- Don’t Guess it, Confirm IT

Of course not every breakout keeps and some reverse, these are false and can cause losses. You therefore need to confirm each move. All you need to do to achieve this is to put a few momentum indicators in your forex trading system to confirm your dealing signal.

These indicators give you an estimation of the strength and velocity of price and there are many to choose from. We don’t have time to discuss them here (simply look up our other articles) but two of the greatest are - the stochastic and Relative Strength Index RSI

Stops and Targets

Stop points are easy with breakouts - Simply behind the breakout point.

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Daily Market Commentary for February 11, 2009 from Millennium-Traders.Com

CEO’s from several of the largest banks testified before House Financial Services Committee today, trying to explain what they have used their TARP funds for. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:

International Trade:
U.S. December Trade Deficit $39.93B compared to consensus Deficit $35.0B; U.S. November Trade Balance Revised to Deficit of $41.58B from Deficit $40.44B; U.S. December Exports $133.80B, down 6.0%; U.S. December Imports $173.73B, down 5.5%.

EIA Energy Information Administration Petroleum Status Report as reported from the Department of Energy:
U.S. Crude Oil Stockpiles rose by 4.717 Million Barrels At 350.768 Million Barrels; U.S. Gasoline Stockpiles fell by 2.662 Million Barrels at 217.559 Million Barrels; U.S. Distillate Stockpiles fell by 1.026 Million Barrels at 141.565 Million Barrels; U.S. Refineries ran at capacity of 81.6% versus 83.5% a week Ago; U.S. Crude Oil Stockpiles rose by 4.7 Million Barrels in the week compared to expectations of an increase by 3 Million Barrels; U.S. Gasoline Stockpiles fell by 2.7 Million Barrels in the week compared to expectations of an increase by 400,000 Barrels; U.S. Distillate Stockpiles fell by 1 Million Barrels in the week compared to expectations of a drop by 1.5 Million Barrels; U.S. Refineries ran at capacity of 81.6% compared to expectations of a drop by 0.3 Points at 83.2%.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) gain of 50.65 points to end the trading session at 7,939.53
NYSE (New York Stock Exchange) gain of 37.97 points to end the trading session at 5,252.68
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 5.77 points to end the trading session at 1,530.50
S&P 500 (SPX) gain of 6.58 points to end the trading session at 833.74
BEL 20 (BEL20) loss of 0.24 points to end the trading session at 1,884.02
CAC 40 (CAC40) gain of 6.97 points to end the trading session at 3,027.72
FTSE100 (UKX100) gain of 21.18 points to end the trading session at 4,234.26
NIKKEI 225 (NIK/O) loss of 23.09 points at the end the trading session at 7,945.94

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Daily Market Commentary for November 24, 2008 from Millennium-Traders.Com

A very important question from taxpayers is, should Citigroup still take $400M to have a baseball field named after them when the government/taxpayers gave them a loan? (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:

Existing Home Sales:
U.S. October Median Existing Home Price fell 11.3% on the year to $183,300; U.S. Inventory of Unsold U.S. Homes at 10.2 Months Supply.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit gain of 387.57 points to end the trading session at 8,433.99
NYSE (New York Stock Exchange) triple digit gain of 351.22 points to end the trading session at 5,311.01
National Association of Securities Dealers Automated Quotations (NASDAQ) gain of 87.67 points to end the trading session at 1,472.02
S&P 500 (SPX) gain of 51.28 points to end the trading session at 851.32
FTSE All-World Index data excluding U.S. (AW01UK) gain of 9.01 points to end the trading session at 137.32
FTSE RAFI 1000 triple digit gain of 220.90 points to end the trading session at 3,219.26
BEL 20 (BEL20) gain of 44.48 points to end the trading session at 1,828.18
CAC 40 (CAC40) triple digit gain of 290.85 points to end the trading session at 3,172.11
FTSE100 (UKX100) triple digit gain of 372 points to end the trading session at 4,152.96
NIKKEI 225 (NIK/O) - closed November 24

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If you are wondering how to make money fast then the enclosed plan will work for anyone and it doesn’t matter if you don’t have much to start and no college education is required…

If you want to make money fast, then you probably don’t have much to start with and it would be a great help, if you can invest more than you have so you need the following advantage.

1. Leverage

This means that any money you put down you can invest more than you have. Let’s assume you have $1,000, how about if you could leverage that and invest 100,000! Well there are many ways you can do this and we will look at one of the best later in the article and don’t worry, no credit checks are needed to get this extra investment capital.

2. A Simple Business that’s easy to learn

The business needs to be simple to learn and easy to apply and the one we are going to look at in a moment, takes a couple of weeks to learn and about 30 minutes a day to apply, making it a great wealth building method.

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Daily Market Commentary for November 10, 2008 from Millennium-Traders.Com

Its amazing how many billions, and billions of dollars were given to AIG, courtesy of the U.S. Treasury Department and the citizens of the United States. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

U.S. Conference Board: October Employment Trends Index fell by 1.8 percent to 105.3; and U.S. Conference Board September Employment Trends Index revised to 107.2 from 108.4.

Economic data released today: n/a

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the session on the world market as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) loss of 73.27 points on the day to end the trading session at 8,870.54
NYSE (New York Stock Exchange) loss of 69.93 points to end the trading session at 5,802.05
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 30.66 points to end the trading session at 1,616.74
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Daily Market Commentary for November 6, 2008 from Millennium-Traders.Com

Buyers remain on the sidelines and even still, they are definitely not looking to take any chance in getting in on these heavy market losses taken by stocks as of yet. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:

Jobless Claims:
U.S. Jobless Claims in week of November 1 fell 4K to 481K compared to survey of unchanged; U.S. Continuing Claims for week of October 25 rose by 122K to 3,843,000; U.S. Jobless Claims for week of October 25 Week revised to 485K from 479K; U.S. Insured Unemployment for week of November 1 highest since 1983.

Productivity and Costs:
U.S. Third Quarter Non-Farm Productivity increased by 1.1 percent compared to consensus of an increase by 0.4 percent; U.S. Third Quarter Unit Labor Costs increased by 3.6 percent compared to consensus of an increase by 3.0 percent.

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Daily Market Commentary for November 14, 2008 from Millennium-Traders.Com

During the upcoming weekend, world leaders from the Group of 20 consisting of the United States, members of the European Union, China, Saudi Arabia and Brazil, will be meeting in Washington for a summit on the current global economic crisis, in an effort to help right the economy. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:

Import and Export Prices: U.S. October Import Prices fell 4.7 percent compared to consensus of a drop by 4.0 percent; U.S. October Non-Petroleum Import Prices fell 0.9 percent; U.S. October Petroleum Import Prices fell 16.7 percent.

Retail Sales: U.S. October Retail & Food Sales fell 2.8 percent as compared to consensus of a drop by 2.4 percent; U.S. October Retail & Food Sales Excluding-Autos fell 2.2 percent; U.S. September Retail & Food Sales Revised to a drop by 1.3 percent from a drop by 1.2 percent.

Business Inventories: U.S. September Business Inventories fell 0.2 percent compared to expected drop by 0.1 percent.

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Daily Market Commentary for November 7, 2008 from Millennium-Traders.Com

The U.S. unemployment rate hit a 14-year high as the U.S. economy lost 240,000 job in October! (read more)
http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:

Employment Situation:
U.S. October Nonfarm Payrolls fell by 240K as compared to consensus of a drop by 200K; U.S. October Unemployment Rate came in at 6.5 percent as compared to consensus of rate of 6.3 percent; U.S. October Average Hourly Earnings increased by $0.04 to $18.21; U.S. October Manufacturing Payrolls fell by 90K; U.S. October Service-Producing Payrolls fell by 108K; U.S. October Overall Workweek change by 0 Hours to 33.6 Hours; U.S. September Payrolls Revised to a drop by 284K from a drop by 159K which is the highest Since 2001; U.S. September Unemployment left Unrevised at 6.1 percent; U.S. Jobless Rate Highest since March 1994.

Wholesale Trade:
U.S. September Wholesale Inventories fell 0.1 percent compared to expected increase by 0.4 percent.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the session on the world market as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit gain of 248.10 points on the day to end the trading session at 8,943.89
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