tradingbetweenlines-blog

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Big Changes Coming Soon

Big Changes Coming Soon

Big Changes Coming Soon

Haven’t posted in a while – been working out some major changes that will be coming soon. We are releasing – for the first time ever – the technical details on the RMI – our most powerful proprietary indicator. Watch for the news and a chance to grab it when it is available. At last the RMI will be available to all traders – not just TradeStation users – and TradeStation…

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A Time to Buy Cryptos?

A Time to Buy Cryptos?

  Many of the so-called gurus of the crypto world think that a bottom formation is forming and that now is the time to selectively buy cryptos. I must admit that I am of the same opinion, for whatever that is worth. And I would like to add one additional tip: the week-end is probably a good time to enter the market as of late. I have recently noticed that prices seem to get depressed over the…

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The Weird World of Cryptocurrencies

I have been trading the cryptocurrency markets for only a few months and studying them for several months prior to that. Therefore, I do not consider myself an expert in this new “Wild West” form of investing. Or, is it gambling? Well, I have always loved to gamble, and I do consider trading stocks, futures, and FOREX to be a form of gambling. To me, it’s all the same.

I approached the weird…

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What I've learned about Cryptos So Far

What I’ve learned about Cryptos So Far

I only started trading cryptocurrencies last November, so my experience level is pretty thin. However, I have been trading securities for about thirty years. I also worked for a software company and later an online brokerage, TradeStation, and learned a lot about technical trading. So, I approached crypto trading with the same techniques and attitudes I have learned over the years. And thank…

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Cryptos Stabilizing - Slowly

Cryptos Stabilizing – Slowly

Bitcoin is trading up today. The gains are slow but steady – and I like that. The frenzy of December until early February was not a good thing. Markets need to move for a reason other than buyer exuberance. The crypto market is real – there IS an underlying reason for certain coins to increase in price.

So to play this market effectively:

Don’t invest money you cannot afford to lose.

Plan to…

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"Crypto-currencies are in a tailspin."

“Crypto-currencies are in a tailspin.”

The above quote is from The Economist – an internationally known magazine. For a person who has ever piloted an airplane, “tailspin” is a frightening thing. You have to react quickly and correctly, or you are a goner.

Just yesterday, my wife, who is one smart lady, said to me, “If you say something with conviction, most people will take it as fact.”

I majored in economics in college. I was a…

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FOREX - Japanese Yen vs US Dollar

FOREX – Japanese Yen vs US Dollar

Sometimes I wonder if the currency traders of the world ever really look at the fundamentals of a currency pair.

I know that the US dollar is heading for the trash heap. BUT, the Japanese yen is already there. And yet, the yen is making a strong move against the dollar – as are all the major currencies.

We (the USA) are up to our eyeballs in debt and any sensible person with a modicum of…

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Volatile - Crypto Currencies Add New Meaning To That Word!

Volatile – Crypto Currencies Add New Meaning To That Word!

Government comments of late – both China and South Korea – have put the crypto -currency markets into a freefall! And it was not all that unexpected if one considers the reality of the situation. Crypto-currencies are viewed as a threat to government control of money. And governments love to control money.

So, what does the future hold? I am no expert, but I think that there will be days like…

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Why "They" are after Trump

Why “They” are after Trump

Trump is getting a raw deal from the leftist media, the entire democratic party, too many republicans, many federal bureaucrats, even some of his former insiders, such as Stephen Bannon.

In my opinion it is tragic that, so many line up to try to stop Trump in his efforts to bring real change to the way Washington does business. For too many years the federal government has spent too much money…

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Some Crypto Trading Tips

Some Crypto Trading Tips

Money:  It cost pretty much the same to wire $100.00 as it does to wire $1,000.00 or more – so plan on sending most of your deposit in one wire. Some exchanges (Like Coinbase) allow you to use a credit card – probably better for small amounts.

Trading: Probably best to create a position in small steps. The volatility of these markets is so high that averaging you entry…

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Setting Up to Trade Crypto-Currencies

I had a difficult time setting up my second trading account – partly because of the strictness of the system – partly from my own ineptness and failure to do precisely what was asked.

I am going to relate the experience here in the hope that it will save time and frustration for those that want to trade crypto-currencies.

But first a word of warning: Crypto-currency trading is the wild west of…

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Crypto-currencies

Around the first of December I decided to dip my toes into the fast-moving waters of the crypto-currency frenzy.

I can tell you for a fact, even at this early point, it is the wild west of trading!

However, crazy it may be, I think that there is sufficient evidence that it is something that needs consideration in most portfolios. But a small allocation, to be sure. Think of it as Las Vegas…

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The US Dollar - Down the Road

The US Dollar – Down the Road

My take on the future of the dollar is somewhat like the title of the classic spaghetti western, The Good, The Bad, And The Ugly.

Taking each in order, first let’s consider the good:  All fiat currencies have no intrinsic value – their value is “comparable.” That is the value of a fiat currency is determined by comparing it to other currencies – and that is why FOREX is trading in pairs of…

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category: Trading Price Reversals

There are many ways to trade reversals, they boil down to three choices:

Trade in anticipation of the reversal…highest risk.

Trade at the first sign of a reversal…Still a bit risky.

Trade after a reversal is confirmed…Least risky.

Each has its own set of advantages and disadvantages. Because I have used my method of trading for so long, and have so much confidence in it, I often choose the…

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Commentry, NOTICE to all users of my RMI and Custom Indicators

NOTICE to all users of my RMI and Custom Indicators

I am retiring from supporting the above.

They will no longer be available on the TradeStation App Store.

For those of you that wish to continue to use them for as long as they are compatible with current TradeStation easy language protocol, please email me so stating and I will send you a file (free) to import into TradeStation.

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GBPUSD Volatility - WOW

GBPUSD Volatility – WOW

GBPUSD Volatility – WOW

For those that do not already know, I use three intra-day charts to construct and manage trades. The chart shown in Figure 1, below is my primary construct chart. I use two other charts to manage entry and exits; each 1/10th the number of ticks per bar as the previous. This system helps me manage high volatility situations, such as occurred in the last two days with…

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FOREX Frenzy

Trading the EURUSD pair is a bit like riding a roller coaster; you must be prepared for some significant rises and dips. The dollar weakness pushed the EURUSD to a two year high, north of 120. Then the Draghi effect hit with a vengeance and pushed the pair down to a value below 115.

It bounced there, but the dark cloud of Catalonia declaring independence from Spain moved into the picture.

In…