Bailout resolution hopes are initially seeing a stronger dollar tonight, as discussed in the last update. In the greater scheme, looking for continued dollar weakness in light of these deteriorating conditions and an expected increase in commodity prices; so ultimately, my strategy remains unchanged. This initial reaction is to be seen as more of an opportunity than anything else, as there are now more levels to play off of shorter term for some core short USD positions.
After sending out the last update, we immediately saw USD/JPY and related carry pairs drop off during the session, only to gain strength again during the US session. Of the levels I posted in the last update, USD/JPY is falling from 107.00 for about 55 pips. Using 106.30 would have only provided about 15 pips before the market took it out in early trading tonight. Using the EJ 156.88 level would have worked out the best; the market nailed it and is coming off of it for about 250 pips. As I mentioned, I removed the EUR/USD long due to consolidation, and its hovering above the 382 retracement right now at 1.4500. At this point, I’m simply looking for some better positioning into some more favorable reactionary levels, but there’s now an opening gap from the weekend that needs to get closed. Look for EUR to do this sooner than later and head up to 1.4600 area rather soon.
I posted a couple new trades tonight in light of this macro view, so hopefully see some of these hit sooner than later. The EUR long and CHF short have been chosen based on the most obvious areas for reversal, though it is unlikely that both will occur based on where they are. In the meantime we also have GBP’s 618 and 762 retracement lining up almost perfectly with key support areas, the core of this strategy and pretty much exactly what we look for as a whole.
Expecting gold to take off at some point this week into higher territory; oil might take a little more time. Again, we’re looking for a break of the 111-112 area on crude before we see any bigger moves to the upside. Because of the overall weaker outlook on oil, we might see EUR/USD and others decline past their 50% marks before gaining strength again. Regardless, there are some solid areas to play off of overall. The USD index still shows a massive gap down to 74.75 that has yet to be filled, and I’m expecting it will in the near future. As I write the current price is 77.13.
In lieu of posting levels tonight I’m just going to add the trades previously mentioned and post some charts; again, look for confluence of fib retracements and support/resistance levels. There are a good number of them out there which are pretty easy to spot at this point.I’m in the process of setting up a new email address for fielding any questions but for the meantime, please feel free to post away in the thread and as always, I’ll do my best to get around to them as soon as possible. Thanks all and good trading, Steve
Big news out tonight is the JP Morgan acquisition of Washington Mutual here in the U.S. , but for some reason Lindsay Lohan’s coming out of the closet announcement is still getting more hits on news sites. Are we at the point where we’re just getting used to this? No resolution yet on the bailout and the media has turned it into a feeding frenzy, bring clamor and noise to Congress when all we really need is action. Consumer confidence is getting worse and sill not seeing any signs of SPX recovery. Treasuries are rising. Risk aversion going on. We’re in consolidation. European markets are moving lower in early trading. Isn’t this all nice.
Expecting Yen crosses to move lower, unless some miraculous news concerning the bailout, which is unlikely. Option sentiment points lower. Some possible UJ entry levels are 106.30, 107.00, 107.20, or wherever a direct hit takes place on that big hourly diagonal trendline sloping downwards. EJ has entries at the 156.88-157.00 area, 157.76, and the 50% retracement, 158.50.
Again with a focus on risk and with commodities drifting along, possibly see a move lower on EUR, GBP, AUD, etc. as well but not afraid to buy bounces. 111-112 area is big resistance on crude. Again I’m sticking to my guns on the stronger dollar tendencies over the longhaul, but for now, consolidation of a few hundred pips is seen on these. New Zealand is now officially in recession as well, thought it would be good to point out. Option sentiment is generally mixed or looking at lower liquidity on these pairs tonight.
EUR has technical levels at 1.4540-45, 1.4460 area, 1.4372 is the 50% retracement, and there’s an upward sloping diagonal trendline to look out for, which could get a bounce.
For anyone that missed the article written by George Soros today on the bailout I thought it was an interesting read. You can find it here: http://www.ft.com/cms/s/0/9973c5b0-8a6d-11dd-a76a-0000779fd18c.html?nclick_check=1
Not all things are quite the same in trading. Some levels are unarguably much stronger than others, and stand a much higher probability for success. When we are looking to determine which levels are stronger than others, the key word is time. Generally speaking, support and resistance levels hold much greater significance when they can be viewed on higher timeframes. Your probability for success generally increases by taking trades found these higher timeframes, but higher timeframes can also hide many potential trades which can be found in lower timeframes.
Before we go any further, it is important to note the significance behind the clarity of these levels. In other words, the easier they are to spot, the more likely the level is to act as a price turning point. If a level has been "sloshed" around for sometime, its significance begins to fade, at which point the probability of the trade will as well.
Typically, when we begin our search for potential trades for the day, we prefer a 3 or 4hr timeframe, and work our way to higher (daily, weekly, monthly) or lower timeframes (1hr, 30min, 15min), depending on the uniqueness of the situation. We scan through the charts and mark up potential price turning points of support and resistance. When price is trending, it is generally easier to mark up higher probability trades than when price is in consolidation, as there will be less areas of support and resistance to be noted. When price consolidates, it starts to become more difficult to determine where price will actually react.
We open our 4hr chart and are looking to see where price has historically bounced. When a particular area has been used as both support and resistance, we make a note of it, and start looking for other clues that it will be a good reaction point, which will be discussed later. Oftentimes, from our 4hr chart, we will see a “range” of support and resistance, anywhere from 5 – 30 pips. In order to more precisely determine where to enter the trade (it is possible to enter trades with zero drawdown using this method) we will scroll down to a lower timeframe and look at the last few times price used this level. We look to find an exact price where price has bounced off of the most; that price will certainly hold the most significance to us, and it is where we will usually choose to enter our trade.
Weaker levels are found on lower timeframes, usually from 15 min to 5 min charts. We typically do not use these timeframes when originating a support and resistance level, as our probabilities for success decline. These smaller timeframes are used, however, for trade management purposes and defining exact entry points for levels found on higher timeframes.
Other technical factors come into play when determining a strong versus weak level, such as Fibonacci extensions or diagonal trendlines, which will be discussed later. Finding your strongest levels on your charts is the first and largest concern, and should encompass most of your daily routine. These are the levels which pay, and require the most attention.
Our strategy is simple yet requires thoughtful analytics like any other system. We enter trades only at key levels of support and resistance, sometimes employing the use of diagonal trendlines and Fibonacci retracements. But regardless of the situation, strong horizontal support or resistance must be in present to enter the trade. Simply stated, we define a level where we believe price will react from, and wait for price to reach that level and enter. It sounds easy because it is, but like anything else there are other factors that come into play that significantly enhance your win rate.
Because the entire premise of this strategy is based on horizontal support and resistance, we first need to know how to define these levels:
Support is a price level, or area, in which price lows are unable to break through.
Resistance is a price level, or area, in which price highs are unable to break through.
Support and resistance occurs when the current price bounces off of a level, or area that has been historically used as a market turning point. These levels can have a range anywhere from 1 to 50 or more pips, depending on the timeframe being looked at. The majority of support and resistance levels we use for daytrading have a range of usually 1 to 20 pips, most commonly to the lower side.
Once a level of support is broken in a downtrend, that level will then many times turn into resistance in an uptrend. Conversely, once a level of resistance is broken in an uptrend, it will turn into a level of support in a downtrend.
We make our money by placing buy or sell orders at these heavy support and resistance levels. We have many ways of discerning which levels lead to much higher probability of success than others, and have rules implemented for avoiding trades in which there is a strong possibility that the level will be broken.
As an example, below is a 4hr chart of EUR/USD. Historically, the 1.5484 price level has acted as both support and resistance on many occasions. Fading (trading against) this level would have provided hundreds of pips on this chart alone. Knowing when it is okay to fade the level and when it is not is something we will discuss a little later, as it is an extremely important issue.
Using these levels and these levels alone, very high probability trades can be found each and every day. Some of these levels are good for only 10 or 15 pips, others have the potential to completely turn the market and run for thousands of pips. Making 80-hundreds of pips daily is not an unreasonable assumption for using these levels, once experience and confidence has grown. Also, we speak from experience when we say that unarguably there are other factors involved in trading these levels, and we will explain them in later articles.
Once upon a time, I bought a trading platform one time that included approximately 3,000 indicators. I thought “wow, I would have to be a total idiot not to make money using these” The fact of the matter is that I was completely wrong, and after many years of trading and unforeseen drama I never could have imagined eventually scrapped using indicators all together. I have three things I look at daily: horizontal lines, diagonal lines, and Fibonacci extensions. That’s it.
You don’t need a ton of indicators to tell you what to do. In fact, many successful traders would agree that more indicators is usually a bad thing, and sticking to just a few is usually the best thing. We on the other hand, don’t use any indicators and have traded successfully for quite some time, outpacing most that do.
As previously discussed, not everyone uses a MACD, and RSI, or any particular moving average. In addition, many of these indicators have different settings, and they may or may not work most of the time. It is therefore crucial to use something that everyone CAN see; that "something" is simple support and resistance.
Here are just some of our common complaints with other methods:
Exponential/Mathematical Indicators (includes oscillators, moving averages and other on-chart indicators)
- not everyone uses any particular one
- they have different period settings which are variable and generally inconsistent
- they lag, creating unnecessary drawdown when entering positions or just bad entries all together
Pivot Points
- they have to be set to a particular timeframe, but different areas of the world have different closes; therefore, charts look different and pivots are calculated using different price points
- ambiguity over which levels will block price from following through (S1, S2, which will it be?)
- price usually only turns at pivot points when the pivot point also coincides with a local support/resistance level
- pivot points usually work the best in local markets where everyone is looking at a chart of the same close
Price Bar Patterns (includes common candlestick patterns, common HLOC bar patterns)
- not everyone looks at them
- inconsistencies in close times, especially on higher timeframes (4hr/daily close is different to one money manager versus another in a different time zone; therefore, the bar is different)
Don’t get me wrong. If used consistently over time with objective rules and proper risk/reward, several of the above items will bring you steady profits. But we are looking for better odds than just 40 – 80%.
The birth of automated trading has also unlocked an entire box of issues and concerns, for big and small players alike. Quantitative trading strategies used by hedge funds and banks have both worked and failed, much like the “expert advisor” world of the retail market. It would be great to simply hit one button once, sit back and watch the profits roll in, but the pure fact of the matter is that an extremely small percentage of these systems actually work, as the markets are being most actively traded by actual humans. Many of these systems purely lack the judgment to either get into positions at the right time, or get into positions late, creating undesirable outcomes for the investor.
The FX market is worldwide, and millions of traders are investing each and every day. A good trader needs to see what the biggest market movers are seeing at any given point in time, and executing based on his or her findings. Many, if not most indicators commonly proposed to the retail market, are simply not what moves the price on a regular basis. After all is said and done, good solid judgment and hard-nosed daily analytics pay off, and simplicity rules above all. Get back to the basics.
We’re waiting, patiently, through this consolidation over the past few days as the markets look for some key decisions on the US bailout plan. Equity markets and commodities have been drifting lower, pushing USD slightly higher over this time.
We’re expecting a breakout; short term looking lower on EUR/USD and related pairs, USD/JPY pretty much the same. Over the longer haul, however, looking for EUR/USD longs. If the Fed needs to keep cutting rates and the stock market bounces you’ll see the risk-related trades start to pile on again.
But for now, we need to see what happens with the bailout, and/or any other government plans. Market reaction, initially, will view as positive, with impending fears weighing everything down. If the market starts tanking again, and is realized on a global scale, risk related pairs are likely to start tanking right along with it.
My focus as of lately has been on carry pairs because we are in an environment that’s concentrating on risk. These buys and sells have been dictating a lot of what’s going on in the majors. The Fed took out about 30 billion in cash out of the market last night at 1am, trying to keep the current rate as steady as they can. The US is clearly doing everything they can to keep the situation at bay.
Technically speaking, this current window of time is a good time to play bounces in line with any trends. The basics hold true as always; I’ll post what I can and when I can, but in the meantime, stick to the fundamentals; they’ve been working well in this market lately.
Also, this time of consolidation has me thinking a lot about trading volatility. I realize most of you are solely spot FX traders, but good money can be made during downtimes like this trading options. I’m putting together a little lesson plan that can help out with this and will let you know when its finished.
Market movers come in all different shapes and sizes. The interbank market is run by a plethora of institutional money managers, smaller-sized fund managers and the retail crowd. Of these three categories, the institutional money managers hold the most weight, and are responsible for the largest percentage of orders placed on a daily basis. This crew typically consists of banks and very large hedge funds looking to make money trading in the same manner as you or I.
Working for a couple of Investment Banks and a large hedge fund myself, I gained a lot of insight into what gets looked at on a daily basis and the basic premises of portfolio management. In my time I have seen many different portfolio managers implement a variety of techniques, some of which are much better than others. I have seen arbitrage strategies fail miserably, quantitative systems break apart and steady-headed portfolio managers run into disaster after failing to close a losing position, or stacking the chips on too big on something which fails.
Big or small, the potential for losing money always exists when it comes to various trading techniques. The most profitable traders I followed were the ones using the RIGHT information, day after day. These were speculators looking at the overall mentality of the market and following suit with the majority of investors. Using the WRONG information runs us into disaster. I firmly believe that the majority of new traders are memorized by the hype of trading systems and overflow of information out there to the point where the wrong information becomes embedded in their brains, and using them is second nature.
There are 3 major factors which control currency price movement: foreign supply and demand driven by a number of different variables, travelers pumping money into the local economy and speculators/investors. The speculators/investors portion of these factors is the one which we focus the most on, as our day-to-day trading regimen and price movement is for the greater part controlled by them. Volume in the FX market has exploded in recent years due to accessibility of the market, and as a result, the birth of many related ETF’s and funds speculating on the spot currency. Aside from government intervention, fundamental factors will drive the market to the extent that investors pay attention to these factors and buy or sell accordingly. The major traders and investors are looking at these fundamental and technical factors and using them when deciding to pull the trigger.
The institutional players control the cash. Period. The smaller players do not move the market like three $150mm positions placed simultaneously can. They key for a smaller daytrader or money manager is to take a look at what the three traders placing these positions are looking at, and follow suit. Assuming we are daytraders as opposed to long-term position players, fundamental analysis will generally consume a smaller portion of our day. So for a technical perspective, the trader needs to be consistent with what the biggest players in the market are looking at, plain and simple. And these are not indicators of any type – these are support and resistance levels.
Support and resistance levels work so well because EVERYONE can see them. A trader in Tokyo will see the same support/resistance level as a trader in New York, or a trader in London. The FX market is worldwide, so we need to look at what the rest of the world CAN see.
Support and resistance levels are heavily overlooked by new and even some experienced traders due to the wide range of materials out there available to the public. They sound completely boring, but they work better than everything else we see. To us, money isn’t boring. Also, people have a hard time believing that such a simple way of trading also happens to be one of the most profitable. If you are a newer trader and looking for an easy way out, I can wholeheartedly tell you that this is one of the easiest and most reliable ways of doing so. You want to be on the same page as the biggest movers out there, and this is how you do it. Support and resistance levels are what the biggest players are looking at day after day; hence, any good trader should be looking at them as well.
The FX trading realm has exploded with volume in the past 10 years, thanks to the push of the retail trading environment and growth of private money managers. What was once a market reserved for the banks and other large, institutional players, the FX market has created a following the likes of which P.T. Barnum would only dream.
Like anything else in the world where the situation for the little guy only seems to get worse while the big players crank in more profits, retail traders have historically suffered a severe disadvantage due to the sheer overflow of information available to them. Most of this information is particularly devastating to their accounts, as trading basics get pushed to the side in favor of highly complicated technical and general fundamental analysis, most of which offers little value except to the person on the other side of the trade (usually your banking buddy).
The basics of trading need a revisit for one simple fact: for all of the trading systems developed out there, the basics will always hold true, and are followed by every major player across the FX market, day in and day out. Being on the right side of the trade is obviously the most important thing, so why try and fight the inevitable? The “inevitable” are the basics of trading. The inevitable will get you that house, braces for the kids, or the second, third or fourth car, and have you trading profitably and consistency with little failure.
So why do most trading systems fail? First, we have to look at who is really moving the trillions of dollars on a daily basis and understand what it is THEY are looking at, and understand why the market is behaving in the manner that it is. We would like to think that we play a bigger part in the FX market, but the mere fact of the matter is that we don’t. Banks and other large players are placing orders that dwarf our trades, influencing other players to jump on in and follow like sheep. I have heard many times that the FX market is “so big that no single person can influence it”. That, my friends, might hold true as a basic premise, but large positions slapped on by major players certainly influence other players to follow along and continue price movement.
When a price area gets so much attention that Large Player A, Large Player B and Large Player C are all focused in on it simultaneously, and order after order is placed in one single direction at any given point in time, a chain reaction occurs, moving the market in this new direction and continuing to do so for XX ticks.
So back to our question of why so many trading systems fail: these price areas, the most widely followed by the ones that influence the market, are ignored by these systems in favor of exponentially or arithmetically calculated indicators. Here’s a fact of in regards to market movers: not everyone is looking at a MACD, not everyone is looking at that RSI, not everyone is looking at that particular moving average, not everyone is setting those pivot points in the same timeframe as you are. Consistency is vital and many of these systems ignore this.
A consistently profitable trader needs to see what the majority of the influence is in the market. Lucky for us, the FX and Futures markets are highly technical, as speculators drive much of the intraday momentum on price action. Our basic system for entering trades is not some kind of big secret or mystery to any experienced trader, but we have mastered it to a point where it is nearly all we look at and all we use on an intraday and long term basis. Its all we need, and we never run out of potential trading opportunities. Each and every day extremely highly probable trade setups stare us in the face and tell us to take the money. Our job is to comply.
Tonight the big question is: how much time will it take for the US Bailout Plan to go through? I sat at my desk today listening to hours of Senators and Congressman grilling Paulson and Bernanke for all the questions on the nation’s minds, and I along with many others realized that this plan isn’t going to pass in a heartbeat.
Selling versus buying:
In terms of the equity markets, selling is usually a one-time decision. Buying is far more likely to be averaged in over time. That’s why is not unheard of for markets to decline much faster than they accelerate.
Right now we have a short selling ban on financials (which account for appx 15% of the SPX) and we’re still seeing SPX move lower over the past two days. Like I said before about the Fannie and Freddie bailout, when everyone was buying the night it happened, I sat back and said “This is overall some really bad news; it shows us in horrible, vulnerable condition”. The market sank hard and fast the next day, basically qualifying the theory.
So here were are – after an 8.5% gain in two days, everything is selling again, because reality has kicked everyone pretty hard, and the word is spreading to the mom and pop investors; general investors are liquidating much of their portfolios, hedge funds are cutting back on long exposure, etc. People are generally scared as hell to buy anything, and after taking such deep losses, trying to stop the bleeding.
Short term and what I’m looking for:
Number one: How long before this thing gets passed? Because the way things are going, the longer it lingers, the more red ink is going to smear. Its passing will at least promote temporary optimism and get the gears going again.
Number two: If SPX keeps moving lower we’ll probably actually see USD strengthen temporarily, as traders pull down the price of carry trades, which will weigh down on EUR, AUD, etc. In steep declining markets, the selling of these trades is a strong force, as we’ve seen.
Number three: Looking at the commodity correlation, I think we’ll be buzzing in consolidation until we hear the verdict on the bailout. People are going to be waiting to move much of their dollar assets to gold, etc, until we get more news.
Bottom Line: I don’t think its too early to be looking for some good places to go short the dollar; there are still less net buyers than sellers; waiting for things to get moving again. I’m looking for EUR, GBP longs, and USD/JPY I want to find some longs, as well. Likewise, looking for EJ longs, etc. But I’m prepared to assume the risk that more drawdown might lie ahead, however, which is very important to note. So in terms of intraday trades, I wouldn’t be afraid to go long or short.
But its all contingent on time – we’ll see how long this really takes. That much, no one can predict, but we expect it to occur within the next few days to a week or two.
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What currency pairs do you trade?
I stick to the majors, and nothing too exotic. The brief list includes EUR/USD, GBP/USD, USD/JPY, USD/CHF, EUR/GBP, AUD/USD, NZD/USD, EUR/JPY, GBP/JPY and USD/CAD.
Do you trade any other instruments?
Currency options. I mainly trade them using volatility based strategies, such as strangles, condors, etc. To speculate long or short bias, I simply use spot FX.
Do you trade futures?
I don't daytrade them, no, but I monitor equity / bond / gold etc., futures diligently and incorporate them into my daily trading plan. I treat them as if I actually am trading them (including support/resistance areas and other basic technical and fundamental analysis), because all of these markets are heavily interrelated. Oftentimes I invest in commodity ETF's, but my goals are much longer term.
Do you, have you, or will you ever consider offering a mentoring or signal service?
No, no, and no. Sorry but blogging is just a hobby that spawned from my daytrading.
I receive a lot of requests for closer, one on one coaching and training and though I would like to do more in this respect I unfortunately do not have enough hours in my day left to do so.
In response to these requests, I searched high and low for a professional that teaches much in same way I do, is consistently profitable, and offers clear cut, honest training. My search led me to Chris Lori, who is a registered CTA and fund manager. Chris has been trading for many years and offers much more of I what I could in terms of time dedicated to his clients. For more information about Chris and what he has to offer, please CLICK HERE.
What times do you trade?
I trade pre-London through the early London close, typically (about 1:30am EST - 11:00am EST). I will also take trades during Asia from time to time, based on volatility. Opportunities are everywhere during these hours.
Do you accept guest bloggers?
Yes! I welcome anything that’s going to be of value to others. If you have potential blog post that is in line with the concepts taught here, email it to me, and we’ll talk. No compensation, this is a free community, sorry, but we can link back to your site if you have one.
What do you, personally, use for news / research sources?
I use Bloomberg, IFR, listen to Ransquawk, and receive a good amount of sell-side bank research sent to me daily. I also frequent a range of news sites, from Reuters to the Financial Times.
Of these sources, the first three are the ones I use the most (two of which are free), and I rarely take direct suggestions for trades from other outside sources, but rather rely on my own analysis.
If you're interested in professional-grade investment bank research, Deutsche Bank and Citigroup now offer retail platforms, and provide the same level of research to their retail clients as they do to their more institutional clientele. UBS also offers limited research through Oanda as a provider. Generally speaking, they help from time to time, but just remember that no team is perfect; just because it comes from these sources doesn't mean they're 'spot on'. Goldman and Morgan Stanley, if you have access to them, offer the better research in my opinion, but you have to be a client to get access.
Do you engage in automated trading?
Yes, recently, to take some of the burden from my daytrading. And I have to say, it involves just as much if not more work than daytrading itself (at least starting up). I only use it supplement a fraction of my daytrading, risking a small %. Just a burden buster. What do I use? Neuroshell and a couple basic systems that are continuously optimized.
I’m a newbie. Best place to start?
I suggest reading through the materials found in the trading strategy section of the blog. Whether or not you find this strategy ultimately suited for you, the concepts we teach here are vital to any trader’s toolbox, as they’re global conventions followed by market movers across the world. After that, there’s a lot of various articles posted to help you out further. Additionally, I’ve got a few suggested readings I posted a while back.
How long will it take me to get the hang of things?
I wouldn’t think these concepts will take you forever to learn, but I’ve been told otherwise. I try to keep things as simple as possible so that even a dog would understand, though I realize that’s far from the case! My suggestion is to open a live account with any broker that allows very, very small lot sizes, throw a hundred bucks in the account for ‘education’ and trade extremely small until you master a trading style. I don’t like demo trading, unless you’re tweaking an automated system and know what you’re doing. I explain here. Be patient, and understand what you’re doing before you move on and develop good habits.
Do you have more examples of your trades?
Here’s 60 visual representations.
Other random trading techie questions…..
I am a very “uncomplicated” trader. Rarely will you find me getting into nitty gritty, tick by tick, move by move discussions. I shoot for bigger areas and on intraday areas, small pips with tight stops. Please read through the trading strategy articles and general articles section, and you’ll be able to get an idea of my general philosophy.
The articles listed below outline some of the basic tenets of our strategy, but don't necessarily qualify as an outline to fully understanding all of the methods explained throughout this site. These articles will give you a general overview of our methods for trading price action, though more comprehensive outlines are provided to readers through other areas in the strategy/articles section and delivered constantly through regular updates. Subscription list members are notified of updates, but we encourage you to explore other areas of the site if you are seeking more information.
- Overview
- Trading in Synch With Market Movers
- Indicator Systems and Why Many Fail
- The Basics
- Stong Versus Weak Levels
- Fibonacci Extensions
- Diagonal Support and Resistance
- Stacking Bricks (Trend Continuation)
- Knowing if the Level Will Hold: When to Fade, When Not to Fade
- Rules
- Entering Trades
- Introduction to Trade Management
- Mechanics of Risk:Reward
- Position Sizing
- Introduction to Stop Losses and Taking Profits
- Stop Losses
- Taking Profits
Steve's No Brainer Price Patterns:
Strategy Articles:
