Check this out.

While researching new ways to save time trading Forex (without
sacrificing pips), this trader kind of stumbled upon 2
‘discoveries’ that may surprise you.

The first one has to do with a ‘flaw’ in how 90% or more of
Forex traders think about trading these markets.

It’s deceptively simple…

-yet it led him to develop a pretty unusual technique around
’scalping’ the ’sweet spots’ of the best Forex markets.

Watch this brand new video he just recorded that reveals these
discoveries, along with an unusual ’scalping’ technique.

You can see it here:

http://www.forexprofitaccelerator.com/z/?i=1083859&l=f100

Good Trading,
Cory Mitchell, CMT

p.s. If you really, really enjoy staring at your computer all
day long day trading every nook & cranny of the markets, then
you might not like this video, because it shows you how to spend
LESS time trading and MORE time ‘having a life’.

http://www.forexprofitaccelerator.com/z/?i=1083859&l=f100

Efficient Market Hypothesis: R.I.P. (August 19, 2010)

By Elliott Wave International

Of all the belief systems of Wall Street, few can claim the devoted following of the Efficient Market Hypothesis, the idea that stock prices adhere to the same laws of supply-and-demand that govern retail products. Once coined the theoretical “Parthenon” of economics, this notion has consistently endured the test of time —– until now. Academics and advisors across the globe are currently exposing crack after crack in the “Efficient” model so deep as to bring the entire theory crashing to the ground.

“The EMH is not only dead,” writes a July 29, 2010 news source. “It’s really, most sincerely dead.” (Minyanville)

As to what caused the theory’s collapse — one recent business journal offers this insight:

“Financial markets do not operate the same way as those for other goods and services. When the price of a television set or software package goes up, demand for it generally falls. When the prices of a financial asset rises, demand generally rises.” (The Economist)

Here’s the thing. SIX years ago, Elliott Wave International president Bob Prechter pronounced the exact same finding in his April 2004 Elliott Wave Theorist. (Read that full-length publication today, absolutely free by clicking on the hyperlink) In that groundbreaking report, Bob presented the compelling picture below that shows how investors increase their percentage of stock holdings as prices rise, and decrease them as prices fall:

The next question is why? Answer: Motivation: i.e. the purchase of goods and services is about need; while the purchase of stocks is about desire. Here, Bob Prechter’s 2004 Theorist takes the rein:

“The fact is that everyday in finance, investors are uncertain. So they look to the herd for guidance. Because herds are ruled by the majority — financial market trends are based on little more than the shared mood of investors — how they feel — which is the province of the emotional areas of the brain (limbic system), not the rational ones (neocortex)… Buyers, in a rising market appear unconsciously to think, ‘The herd must know where the food is. Run with the herd and you will prosper.’ Sellers in a falling market appear to unconsciously think, ‘The herd must know that there’s a lion racing toward us. Run with the herd or you will die.’”

Prechter and contributor Wayne Parker then expanded on his landmark observation in the 2007 Journal of Behavioral Finance. (Also available, absolutely free by clicking on the hyperlink)

In the end, it’s not enough to just tear down the long-standing EMH. One must build another, more accurate model up in its place. And in the 2004 Theorist, Bob Prechter does just that with the Wave Principle, which reconciles the technical and psychological sides of stock market behavior into this key point: Herding impulses, while not rational, are also NOT random. They unfold in clear and calculable wave patterns as reflected in the price action of financial markets.

As the mainstream media continues to jump on board Prechter’s Financial/Economic Dichotomy Theory, you can read both of Prechter’s original writings. Enjoy your complimentary access to the 2004 April 2004 Elliott Wave Theorist and the 2007 Journal of Behavioral Finance.

Read some of the latest nuggets directly from Robert Prechter’s desk — FREE. Click here to download a free report packed with recent quotes from Prechter’s Elliott Wave Theorist.

This article was syndicated by Elliott Wave International and was originally published under the headline Efficient Market Hypothesis: R.I.P.. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts lead by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

Get Adam Hewison’s eBook version of “RIGHT ON THE MONEY: The definitive guide to forecasting foreign exchange rates,” for FREE! Learn the same trading principles that major banks and hedge fund managers use every day to make millions.

“Stocks and Commodities Magazine” reviewed his book and called it “a killer product”.

Leo Melamed, credited with creating financial futures in the United States, wrote in the foreword to Adam’s book, “… excellent educational reference for every serious trader.”
Along with receiving “RIGHT ON THE MONEY” for free, you will also receive two winning portfolio’s that share many of the same principals as “RIGHT ON THE MONEY.”

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Our conservative “Perfect Portfolio” uses ETF’s in a way that may surprise you. This portfolio has produced annual returns of 29% for each of the past 5 years in some of the most volatile and turbulent markets in recent history. Here’s a little secret, THE PERFECT PORTFOLIO only tracks 4 ETFs. * We will share with you the exact trading strategy and formula for filtering trades that we use to achieve those outstanding results.

THE WORLD CUP PORTFOLIO
The leveraged World Cup Portfolio was created in 2007 and has produced annual returns in excess of 100% for each of the last three years. This portfolio tracks just 6 markets that we believe can all be game changers in the future. This portfolio has produced gains in 10 of the last 12 quarters and has never lost money in any 12 month period. In addition to the six markets, we will share with you the *exact trading strategy and formula for filtering trades that we use to achieve those outstanding results.

This eBook cannot be bought. It is only available upon sign up for a 30 Day Free Trial to Marketclub

http://www.ino.com/info/442/CD3784/&dp=0&l=0&campaignid=8

If you are one of the next 1,000 investors/traders to sign up for a 30 Day Risk-Free trial to MarketClub, you will also receive complete information, formulas, and instructions to both the World Cup Portfolio and the Perfect Portfolio.

http://www.ino.com/info/442/CD3784/&dp=0&l=0&campaignid=8

I am not sure how long they are going to offer the exact trading strategy and formulas for filtering trades that they use to achieve those outstanding results as they do not want to disturb the harmony of these two portfolios. If you want this valuable information on two cutting edge portfolios, plus Adam’s eBook “RIGHT ON THE MONEY,” you need to act now.

Cory Mitchell, CMT

~Know your risks in trading.  See our Legal Disclaimer.

This article will focus more on potential ways to analyze the market, than the market itself.   Using several tools can help us gauge the market, also determine where it is likely to go.

The EUR/USD has been in an uptrend since May and has so far seen two corrections and two waves higher on the daily chart.  From the trendline we can see the market just recently moved off the trendline level after testing it.

No analysis perfect, but it appears the trendline has held for now, and a further push higher is likely.  But we can increase our odds of success – if we have decided that the pair is going higher (based on the trendline or other method) then we want a viable entry method and a realistic target.

Two sets of Fibonacci retracement levels have been drawn.  The pink one is drawn based on the first wave higher which occurred in May.  Fibonacci levels extend upwards, and it shows that after the market corrected and moved higher it came very close to the 261.8 level on the pink Fib ratio.  This second wave of a trend is normally the most powerful because everyone can see a higher low is in place and prices are likely to rise.  Therefore, that rallly was aggresive.

As of this moment we have pulled back from that aggressive rally high and corrected to our trendline.  We expect another rally, but not as dramatic as the last one.  This is where our next set of Fib ratios (in blue) comes in.  This Fib ratio is locked on the recent high and recent low.  Since we expect the uptrend to continue we are looking for a target to upside.  A target would be just below the 161.8 blue Fib ratio or just under 1.3700.  Since we don’t expect this rally to be as aggressive, we won’t use the 261.8 level, even though the last rally moved to that mark before correcting.

Now a couple things remain.  We can enter now and use the 0.00 blue Fib line/trendline as our exit/stop, and then use the blue 161.8 Fib target (check marked on the chart).

Some traders may question whether we are indeed going to more higher off this level? They want more assurance.  In this case, we can wait for a penetration of the high or get in slightly early by using an approximately 76% retracement level.  If the price gets within 20% (we are just talking about the blue Fib area between 0% and 100%) of the recent high it is likely to move through the high when in a trend, so we can enter a bit early of the breakout point (the high) but still have confirmation that this market is moving higher.  This method makes stop placement more tricky, as the reward has shrunk by entering later.

Of course, a breach of the trendline negates the trade, and then we begin to look for trades on the downside.

Using multiple tools, and in slightly different ways than is typically taught can provide valuable insight and trading opportunities that may not have been seen otherwise.

EUR/USD Daily

For more articles like this, sign up for our weekend newsletter along the right hand side of the page – signing up will also allow you to post comments, discuss and ask question on anything posted on the blog.

Cory Mitchell, CMT

~Know your risks in trading.  See our Legal Disclaimer page.

There is still a bit of time to get free trading seminars, streamed right on your computer – pause, watch, stop, re-watch, whenever you want. This is a great opportunity to increase knowledge and learn more techniques like the ones discussed in this article Time is running out to watch these 4 free seminars.  Start catching moves today!

Here is the link to your trading seminars:http://www.ino.com/info/488/CD3784/&dp=0&l=0&campaignid=16

Also, if you know someone who would benefit or enjoy these free seminars, send them the link above before it is too late. They will appreciate it!

————————————–
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Hand-selected by one of EWI’s most experienced traders, this complimentary 32-page collection entitled Commodity Trader’s Classroom (valued at $59) provides you with essential lessons no trader should be without.

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• How to Make Yourself a Better Trader
• How the Wave Principle Can Improve Your Trading
• When to Place a Trade: Jeffrey’s very own “Ready, Aim, Fire” approach
• How to Identify and Use Support and Resistance Levels
• How to Apply Fibonacci Math to Real-World Trading
• How to Integrate Technical Analysis into an Elliott Wave Forecast
• And much more!

Learn more and download your copy of Commodity Trader’s Classroom now.

Regards,

Cory Mitchell, CMT

About the Publisher, Elliott Wave International:
Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world’s largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private around the world.

There will be an analysis of the markets coming up later on today or this evening.  But I just came along this offer and had to share it with you.

Every once in a while you come across something on the Internet that
really is amazing.

THERE IS A NEW REVOLUTION

There’s a big new revolution going on right now on the internet. Do you
know what it is? If you’re not part of this revolution, you are going to
miss out big time.

BEFORE THE INTERNET

When TV was first invented by John Logie Baird (1888-1946) back in 1925,
it revolutionized communication. Shortly afterward it became a mainstay
of popular culture. TV changed the world and how we view information,
not unlike what is happening on the internet today.

But do you know what TV was supposed to do?

It was going to educate the world; that was the whole purpose of TV back
then. Somehow the message got twisted and the educational aspect of TV
was quickly forgotten and lost forever.

NOW FOR THE GOOD NEWS

Educational TV and has been reborn on the web and presents some
marvelous opportunities to get back to TV’s original roots. Now you can
educate yourself and learn valuable insights on subjects that you would
have missed out on had it not been for TV on the web.

HERE IS A QUESTION FOR YOU:

Have you ever been to one of those expensive trading seminars? You know
the ones I mean. They normally cost several thousand dollars, plus the
cost of a hotel room and airfare. Thousands and thousands of folks
attended them because they wanted to expand their knowledge of the
markets and learn new trading techniques.

I HAVE SOME GREAT NEWS FOR YOU

Even if you’ve never attended a trading seminar before, you know the
value of knowledge and education, that is why this offer will appeal to
your interest.

ANNOUNCING TREND TV

This is like the perfect marriage of TV and the web. Now you can attend
online trading seminars that you have an interest in. It is so easy. If
you are reading this email, you are online and therefore have everything
you need to get started. You can attend all 4 trading seminars, or just
the ones that interest you. There are four world class trading
instructors that will help improve your trading. Best of all, it’s all
online and it’s on TREND TV now.

http://www.ino.com/info/488/CD3784/&dp=0&l=0&campaignid=16

NOW FOR THE GOOD NEWS

You’re not going to have to spend thousands of dollars like before to
attend all four of these seminars.  In fact, you can put
your credit card and wallet away because these online seminars are
offered at no cost from a well known, world class company.

In fact, if you jump over to this web address right now, you will have
instant access to these four online trading seminars with our
compliments. But hurry, I’m not sure how long this is offer is going to
last.

http://www.ino.com/info/488/CD3784/&dp=0&l=0&campaignid=16

WORLD CLASS COMPANY

Before you click to go, let me tell you about the company that’s making
these online seminars available to you at no charge. The company has
been on the web since 1995 providing financial information to individual
and corporate investors and it’s not a brokerage company. I’m sure that
when you surf over there you will recognize their name immediately, and
that’s what makes this offer so special.

Seldom, if ever, have I seen an offer quite like this one and I don’t
want you to miss it.

http://www.ino.com/info/488/CD3784/&dp=0&l=0&campaignid=16

There’s not much more to say except that the revolution has begun. Get
on-board today if you want to improve your trading and your ability to
make all the right moves in 2010.

Best of luck,

Cory Mitchell, CMT

~Know your risks in trading.  Please see our Legal Disclaimer page.

Did you know that on any given stock chart, there are very specific & precise low-risk, high-probability entry point that can lead to some potentially deep “profit pockets”?

4 of them were recently discovered by a 35+ year market veteran…

-and he’s recording some brand new training videos that show you what they look like, how they work together, and how you can spot them on your own.

The first training video is done, and you can see it here on his new training website…

Pay close attention to the chart that’s displayed early on in the training video that outlines these 4 “profit pockets”, which are identified by these custom methods designed to ”pinpoint” each one:

* The Profit Pipeline Method…

* The Trend Validator Method…

* The Velocity Method…

* The Countertrend Cash Method…

I’m really excited about these 4 additional ways to pull more profit potential out of almost ANY stock chart, because they can complement any existing method you’re currently using…

-and that just gives you even MORE of an edge over those traders who DON’T know about these techniques.

These training videos likely will NOT be online for long, so make sure you watch & take notes here…

Good Trading,

Cory Mitchell, CMT

p.s. Whenever this 35+ year market veteran releases complimentary training videos, I PAY ATTENTION because the
“on the house” information he just “gives away” is often worth more than many training courses you’d have to pay for. So, don’t
take this training lightly and pay close attention to what he teaches. Your portfolio will thank you for it later

See it here…

In today’s video we share with you how to use one of the many features in MarketClub, our Smart Scan technology. Using Smart Scan, you can easily spot winning stocks, futures, precious metals, and currencies that meet one of 24 preset scanning criteria, including uptrends or downtrends.

As traders we have 3 potential positions we can take at all times: (1) We can be long the market (2) We can be short the market (3) We can be on the sidelines and out of the market (options allow you to do other things but I want to keep it simple today).

Using our Smart Scan technology and filtering out the noise can help find some of the real nuggets that are out there.

Enjoy.

http://www.ino.com/info/598/CD3784/&dp=0&l=0&campaignid=3

All the best,
Adam Hewison
President of INO.com
Co-founder of  MarketClub

We know that the financial markets can be a source of great wealth.   Yet with much negative news out it can be hard to see how to make money.  Yet, here is a little secret:  There is no shortage of money!   We are all aware that money basically is nothing but our own belief in it.  Money is simply paper, or in the case of trading or banking, numbers getting moved around.  Yes, we have created “economies” based on money which go up and down, but money is really nothing more than idea.  And when you have a good idea money can be created for it.

Unless we stop believing in money (and it does not seem we are close to that) then money will continue to flow (and grow)…but it will flow to those who create it for themselves.  While it is easy to sit back and worry about money (or try to work more hours, but we know this is somewhat inefficient), one must go out and seize it because there is no shortage of it…but it must be created by an idea.  That idea may be strategy or it may be a business.  Either way, money is always flowing into and out of the markets, because the money that is created needs to go somewhere.

Have you ever thought about money in this way???  The foreign exchange (or currency) market is money in motion, and basically anyone with a computer to can take part.  To learn more and see a strategy for trading the currency markets see my e-book.  It contains what you need to get started and also comes with loads of extras.

~Be aware of your risks in trading.  Please see our Legal Disclaimer page.

Any trader in the market right now has seen dramatic moves intra-day.  While investors may not typically be too concerned about intra-day movements, those large swings show just what kind of battle is being waged each day in this market.  The market is see-sawing, but is approaching an important level – this level could sway the battle for one side…at least for now.  With so many other levels beyond to watch it is important to be aware of points where the battle is likely to turn.

Adam breaks down these levels in this new video.  Here are his comments….

The battle between the bulls and the bears continues in the S&P 500 with neither side able to gain the upper hand. This choppy trading action will eventually lead to a large move one way or the other. The bulls are betting that we are headed higher and the bears are betting that the economy is going to tank.

In my latest video, I share with you some of the key technical points that are still in play and where the market needs to go in order to break out of the current logjam that it’s in.

As always our videos are free to watch and there is no need for registration.

Please let us know your thoughts.

http://www.ino.com/info/591/CD3784/&dp=0&l=0&campaignid=3

All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub