Author Archives: pmontesdeoca

GOLD AND SILVER SPECIAL WEEKLY UPDATE

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Gold Is a ‘Barbarous Relic’ but These Are ‘Barbarous Times’: Jayant Bhandari

p_sprott

At around $1,200 per ounce as of May 19, gold has remained relatively steady over the last year and a half. Buying in physical gold markets has helped prevent further slides.

India in particular has been a major purchaser of physical gold. In 2009, the Indian government made headlines by purchasing 200 tons of gold from the IMF1 and Indian savers have been major buyers of gold on international markets.

Jayant Bhandari emigrated from India at age 36. Since then, he has kept a close eye on India’s economy and markets.

 

Read more HERE.

12 Titans of Trading: Track Record, Transparency and $50,000 a Year

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In a recent interview, Dean Handley, PhD, MBA, JD, discussed how he analyzed 811 trading rooms to find 12 Titans who published their track record, showed their trades and earned at least $50,000 a year trading.

In his analysis, Handley used three criteria: track record in dollars and cents, not just win or lose; making $50,000 net a year because the median salary in the US is $50,000; and trades shown in real time. “You can’t understand what you don’t see,” Handley said.

“When you apply those 3 criteria,” he said, “you go from 817 rooms…to 12 rooms.” Narrowing the field down to 12 took great patience, since you “can’t just do a search for terms like ‘successful’ or ‘profitable’, they just don’t work…You have to go physically find them.”

Handley searched through a search stream of hundreds of trading rooms with 10 entries on each page. Patrick MontesDeOca and the Equity Management Academy were on page 90.

“The average person stops at page 1 or 2, not at 90,” Handley said. “So Patrick MontesDeOca [of Equity Management Academy] was essentially invisible to the cyber-search universe…He had a track record. I liked that. He did post his trades…I liked that. I found a delightful, pleasant, patient, remarkably talented trader, all by himself…trading away, manifesting the most difficult-to-find disciplines of trading today.”

Handley discussed that many trading rooms use a method called the Goose that Laid the Golden Egg to make money. As a marketing technique, the goose that laid the golden eggs can only be yours if you pay for the goose. They show you the eggs. They show you the goose. They say the eggs come from the goose, but they never show you that part of the process.

“Preposterous as it sounds,” Handley said, “people bought the goose, not seeing what is going on.  There are dozens of rooms that post remarkable profits trades at night from trades that are hidden by day. That is the goose that laid the golden egg.”

He said that of the 811 rooms he’s seen, roughly 722 are all sell rooms, with no trading. They may look impressive, but they make money by selling, not trading. It is, he argued, far easier to make money selling services and techniques to would-be traders than to actually make money trading.

Handley stressed the importance of seeing what is going on in a trading room to learn. Successful trading may look easy, but, he said, “I can tell you when you look at true talent up close, very close, it is deceptively simple….And for that reason, we often think we can pay attention at a casual distance, pick up some ideas, and, I’ll be candid with you, the basic pattern out there now is teach and release. You come into their shop and they anoint you with some education…and then they release you back into the world as a fully formed trader, and you basically blow up on the spot…The model ought to be stay and study, because trading seems simple, but it’s not.”

Handley said that MontesDeOca, one of his 12 Titans, is particularly accomplished in several ways. MontesDeOca trades up to 6 different indices at once. Even the best traders usually only trade two or three. He also trades outside the futures index proper, including ETFs, stocks, bonds, and mutual funds; “the entire composite matrix of instruments and tools within his reach, because his methodology” is transferable from one market to another.  Handley said, “The applicability of his techniques is almost near universal. And that’s pleasing because it means what you learn about futures applies to” stocks, bonds, mutual funds, or any other financial instrument. Handley was also impressed the Patrick does well trading silver, which is a difficult market.

As a critic of most trading rooms, Handley has been attacked, but he believes he is speaking the truth. Many rooms won’t even let him in to see what they are doing, which he argues means that what they are hiding cannot be good for investors.

Handley has never been paid for his analysis and never accepts money from the trading rooms he reviews. Most industry publications would not publish his work in its entirety because he named names. Only Futures Truth and Market Clips stepped forward and published his work unedited.

Patrick closed by saying, “My goal here [at the Equity Management Academy] is to meet the criteria of making $200 or $300 a day and I’m very pleased to say that we’ve been averaging three or four times more than that.”

ETF’s, Futures Swing Trading Instructions weekly 5.15.15

trading-room

                         

Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms.

 

JNUG

 

WEEKLY SUMMARY

 

TREND MOMENTUM: 21 BULLISH

PRICE MOMENTUM: 24.93 BULLISH

PRICE INDICATOR:

 

EXIT LONGS:

    1) 28.52

    2) 31.18

 

EXIT SHORTS:

 

  • 22.27
  • 18.68

 

WEEKLY MOVING AVERAGES

The contract closed at 25.85. The market closing above the 9 day MA 21 is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish short-term trend to neutral.

 

WEEKLY MOMENTUM INDICATOR

With the market closing above The VC Weekly Price Momentum Indicator of 24.93, it confirms that the price momentum is bullish.  A close below the VC Weekly, it would negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR

Cover short on corrections at the 22.27 – 18.68 levels and go long on a weekly reversal stop. If long, use the 18.68 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 28.51 – 31.18 levels during the week.  

JDST

 

WEEKLY SUMMARY

 

TREND MOMENTUM: 9.13 BEARISH

PRICE MOMENTUM: 7.02 BEARISH

PRICE INDICATOR:

 

EXIT LONGS:

    1) 7.79

    2) 8.92

 

EXIT SHORTS:

 

  • 5.89
  • 5.12

 

WEEKLY MOVING AVERAGES

The contract closed at 6.66. The market closing below the 9 day MA 9.13 is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.

 

WEEKLY MOMENTUM INDICATOR

With the market closing below The VC Weekly Price Momentum Indicator of 7.02, it confirms that the price momentum is bearish.  A close above the VC Weekly, it would negate the bearish signal to neutral.

 

WEEKLY PRICE INDICATOR

Cover short on corrections at the 5.89 – 5.12 levels and go long on a weekly reversal stop. If long, use the 5.12 as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 7.79 – 8.92 levels during the week.  

NUGT

 

WEEKLY SUMMARY

 

TREND MOMENTUM: 11.59 BULLISH

PRICE MOMENTUM: 12.98 BEARISH

PRICE INDICATOR:

 

EXIT LONGS:

    1) 13.45

    2) 15.66

 

EXIT SHORTS:

 

  • 10.78
  • 10.31

 

WEEKLY MOVING AVERAGES

The contract closed at 13.24. The market closing above the 9 day MA 11.59, is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish short-term trend to neutral.

 

WEEKLY MOMENTUM INDICATOR

With the market closing above The VC Weekly Price Momentum Indicator of 12.98, it confirms that the price momentum is bullish. A close above the VC Weekly, it would negate the bearish signal to neutral.

 

WEEKLY PRICE INDICATOR

Cover short on corrections at the 11.78 – 10.31 levels and go long on a weekly reversal stop. If long, use the 10.31 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 13.45 – 15.65 levels during the week.  

USLV

 

WEEKLY SUMMARY

 

TREND MOMENTUM: 20.17 BULLISH

PRICE MOMENTUM: 21.81 BULLISH

PRICE INDICATOR:

 

EXIT LONGS:

    1) 25.08

    2) 26.77

 

EXIT SHORTS:

 

  • 20.12

 

    2) 16.85

WEEKLY MOVING AVERAGES

The contract closed at 23.80. The market closing above the 9 day MA 20,17 is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish short-term trend to neutral.

 

WEEKLY MOMENTUM INDICATOR

With the market closing above The VC Weekly Price Momentum Indicator of 21.81, it confirms that the price momentum is bullish.  A close below the VC Weekly, it would negate the bullish signal to neutral.

 

WEEKLY PRICE INDICATOR

Cover short on corrections at the 20.12 – 16.85 levels and go long on a weekly reversal stop. If long, use the 16.85 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 25.08 – 26.77 levels during the week.  

RUT – RUSSELL 2000

 

WEEKLY SUMMARY

 

TREND MOMENTUM: 1250 BEARISH

PRICE MOMENTUM: 1236 BULLISH

PRICE INDICATOR:

 

EXIT LONGS:

    1) 1254

    2) 1263

 

EXIT SHORTS:

 

  • 1227
  • 1209

 

WEEKLY MOVING AVERAGES

The contract closed at 1244. The market closing below the 9 day MA 1250 is confirmation that the trend momentum is bearish. A close above the 9 MA would negate the weekly bearish short-term trend to neutral.

 

WEEKLY MOMENTUM INDICATOR

With the market closing above The VC Weekly Price Momentum Indicator of 1236, it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bullish signal to neutral.

 

WEEKLY PRICE INDICATOR

Cover short on corrections at the 1227 – 1209 levels and go long on a weekly reversal stop. If long, use the 1209 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 1254 – 1263 levels during the week.   

UCO

WEEKLY SUMMARY

 

TREND MOMENTUM: 8.49 BULLISH

PRICE MOMENTUM: 9.81 BEARISH

PRICE INDICATOR:

 

EXIT LONGS:

    1) 10.32

    2) 10.90

 

EXIT SHORTS:

 

  • 9.23
  • 10.72

 

WEEKLY MOVING AVERAGES

The contract closed at 9.73 The market closing above the 9 day MA 8.49 is confirmation that the trend momentum is bullish. A close below the 9 MA would negate the weekly bullish short-term trend to neutral.

 

WEEKLY MOMENTUM INDICATOR

With the market closing below The VC Weekly Price Momentum Indicator of 9.81 it confirms that the price momentum is bearish. A close above the VC Weekly, it would negate the bearish signal to neutral.

 

WEEKLY PRICE INDICATOR

Cover short on corrections at the 9.23 – 8.72 levels and go long on a weekly reversal stop. If long, use the 8.72 level as a Stop Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 10.32 – 10.90 levels during the week.  

*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed herein constitutes a solicitation of the purchase or sale of any futures or options contracts.

Patrick MontesDeOca

 

Equity Management Academy

 

Toll Free: 877-733-1511

Ph: 805-418-1744 Main

E-Fax: 310-281-6919

Email: support@EMA2Trade.com

Twitter: https://twitter.com/EMA2Trade

FaceBook: www.facebook.com/EMA2Trade

YouTube: Trading Talk

TRADING DERIVATIVES, FINANCIAL INSTRUMENTS AND PRECIOUS METALS INVOLVES SIGNIFICANT RISK OF LOSS AND IS NOT SUITABLE FOR EVERYONE. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

 

Futures Swings, Gold & Silver Report

P_Gold and Silver

The Weekly VC Price Momentum Indicator

Signals are automatically generated by integrating electronic
weekly
 statistics with proprietary algorithms.

GOLD

WEEKLY SUMMARY

TREND MOMENTUM: BULLISH

PRICE MOMENTUM: 1187 BULLISH

PRICE INDICATOR:

EXIT LONGS:

    1) 1198

    2) 1210

EXIT SHORTS:

  • 1176
  • 1166

 

WEEKLY MOVING AVERAGES

The June gold futures contract closed at 1189. The market closing above the 9 day MA 1188, is confirmation that the weekly trend momentum is bullish. A close below the 9 day MA would negate the weekly bullish short-term trend to neutral.

WEEKLY MOMENTUM INDICATOR

With the market closing above the VC Weekly Price Momentum Indicator of 1187, it confirms that the price momentum is bullish. A close below the VC Weekly, it would trigger weekly stops and negate the bullish signal to neutral.

WEEKLY PRICE INDICATOR

Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 1176 – 1166, and go long on a weekly reversal stop. If long, use the 1166 level as a Stop Close Only and Good Till Cancelled order. Look to take profits on longs as we reach the Sell 1 and 2 levels of 1198 – 1210,  during the week.

 

 

SILVER

WEEKLY SUMMARY

TREND MOMENTUM: BULLISH

PRICE MOMENTUM: 16.43 BEARISH

PRICE INDICATOR:

EXIT LONGS:

    1) 16.75

    2) 17.07

EXIT SHORTS:

  • 16.11
  • 15.79

WEEKLY MOVING AVERAGES

The July silver futures contract closed at 16.42. The market closing below the 9 day MA 16.37, is confirmation that the weekly trend momentum is bullish. A close below the 9 day MA would negate the weekly bullish short-term trend to neutral.

WEEKLY MOMENTUM INDICATOR

With the market closing below the VC Weekly Price Momentum Indicator of 16.43, it confirms that the price momentum is bearish. A close above the VC Weekly, it would trigger weekly stops and negate the bearish signal to neutral.

WEEKLY PRICE INDICATOR

Look to take profits on shorts into corrections at the Buy 1 and 2 levels of 16.11 – 15.79, and go long on a weekly reversal stop. If long, use the 15.79 level as a Stop Close Only and Good Till Cancelled order. Look to take profits on longs as we reach the Sell 1 and 2 levels of 16.75 – 17.07 during the week.

The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed herein constitutes a solicitation of the purchase or sale of any futures or options contracts.

 Equity Management Academy

 Toll Free: 877-733-1511
Ph: 805-418-1744 Main
E-Fax: 310-281-6919
Email: support@EMA2Trade.com
Twitter: https://twitter.com/EMA2Trade
FaceBook: www.facebook.com/EMA2Trade
YouTube:
Trading Talk

TRADING DERIVATIVES, FINANCIAL INSTRUMENTS AND PRECIOUS METALS INVOLVES SIGNIFICANT RISK OF LOSS AND IS NOT SUITABLE FOR EVERYONE. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

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