You can either take up the forex training, or indeed Fixed Odds trading direct.

Have a great weekend...

Until next week!

Matt $haw
www.fixedoddssuccess.com

P.s. Link again: www.fixedoddssuccess.com/pbupdate/pm-update-feb-3rd-2012.pdf

Click for Fixed Odds signals and binary options tips from Matt Shaw

I am not going into any detail to end this week, but I want to let you know, that I do not see the market continuing to major highs above 12700 (for the Dow) nor above 5800 on the Ftse AND certainly NOT 1325 on the S&P500.

Yes, the markets have been kept higher due to what has been known as QE4, with the credit swaps from the U.S. to Europe.  This has been a boost to the economy overall.

However, I have seen one thing and that is – headlines!

I saw a wary rally into the close several times this week and one push into today’s close which I blooming SOLD.  Why?  It wasn’t natural, that’s why.

It was as if the market was making one last gasp before it gives up.

Then, the headlines that are starting to seep into the frame about earnings into mid-2012 and rally lacking investors; which it is – Big Style!

I am short the Dow and also have one position open on the Eur/Usd going into the weekend, which I have sent to my elite private traders.

************
See: www.financialtrading.co that is about to launch next week!
************

The above has nothing to do with my Fixed Odds service.

My target for the Dow into Feb is back to 11,000, before we see an attempt at highs throughout the spring once again AND then from June; be prepared, oh be prepared.

I am setting up a club very soon; one that will allow us to take advantage of many trading opportunities come the market breakdown.

It will happen later this year, but let’s reap what we can now, save our cash to invest wisely into 2013 and then be ONE of the 1% ourselves come 2014/2015.  That is my aim, please come forth for the best Gold, Carbon and FOREX trading over the coming months.

I am in for a lot of cash in credits right now, as we are set to rocket (whatever your belief about them, they will) into 2013.

Yes, CC’s are a government scam in reality, but we may as well ride the boat until it sinks.  Check out: www.vertrading.co.uk for more info and you will also see the website featured in the times paper on Tuesday, this coming week!

Also my introduction to private banking deals are live from Feb, so if you do have more than 10million plus and want to know more on the discounted bonds that are on offer, then you need to contact me very soon indeed.

Have a wonderful weekend and sit back!

I am certainly doing that, before I take on Tough Guy 2012 in Shropshire next Sunday, which I am not looking forward to it one bit.

Very Best

Matt $haw
www.fixedoddssuccess.com

Click for Fixed Odds signals and binary options tips from Matt Shaw

Click on the link and read over the festive period.

I have just finished writing this, so please give it all time to sink in.

Click Here: http://www.fixedoddssuccess.com/pbupdate/pb-update-final-2-Dec-23rd-2011.pdf

Apart form an overview of my fixed odds trading, I note my new website too: www.financialtrading.co

This PDF should be your best friend in and around the festive period.

Let's catch up early January!

I sincerely wish you the very best for Xmas, also the most fabulous and prosperous New Year!

Very Best

Matt $haw
www.fixedoddssuccess.com

P.S. The link again:

http://www.fixedoddssuccess.com/pbupdate/pb-update-final-2-Dec-23rd-2011.pdf

Click for Fixed Odds signals and binary options tips from Matt Shaw

It has been a profitable week however, yet also productive in the sense that the market has played ball.

Yep, I called a samll rally into Dec, but not one on this scale but I am very happy as this allows me to shot at much higher levels ready for the real fall…

Click for my update in PDF and read on!

http://www.fixedoddssuccess.com/pbupdate/PM-update-Dec-2nd-2011.pdf

Until next week…

Matt $haw

www.fixedoddssuccess.com

Click for Fixed Odds signals and binary options tips from Matt Shaw

Oh my, we are set for a right old fall.    There you go again Matt, riding your bear horse – so to speak!

I woke up yesterday morning to find the headline that Wall St workers are set to have their pay cut by 20-30% (CNBC).

This seriously does not bode well for my confidence as I now know that not only are the higher order wanting to portray that the new aged city yuppies will feel the pinch among us mortal of men too.  Yet, many would argue that the U.S. are salvaging all they can to meet the payments on their ever increasing debt, which is of direct demise from printing money like its toilet roll.

How long will it be until the U.S. cannot even maintain THE PAYMENTS JUST ON THEIR INTEREST alone?

Now… the £/$ (Cable)

After hitting tough resistance right at the (black) 200-day MA line, which seems to have been the double bottom (Sept 22+ Oct 6) objective, I believe that cable will now take up a bearish drop lower, back below the green 20-day MA line and once broken, en-route toward the straight blue line at 1.57.

*click here* pics for blog nov 9th  (images for market charts written about today)

The level of 1.5650 is key support which will support the blue line automatically.

If by Friday Nov 11^th we see a break above the 200-day MA then I will go long, but I believe a fail of this level up to this point will in itself justify a short; no matter what the precise level.

I am waiting to incept High No Touch trades, with a short of £50 per point as soon as the market dips and holds one extra session below 1.5925 (10-day MA at 1.5975).

I bought the £/$ earlier today, to make a quick £120, but the annoying thing was, it took 10 seconds to sell after I clicked the ‘sell’ button and my profit dropped from £490 to £120.

I then got in an hour later to make up for what had annoyed me with the previous trade.  I was in this second trade for LESS than a minute and came out with more than £500 profit!

What is next for this week?

I am selling these markets (equities) as of today.  I was just about to sell the Dow last night after I saw a great rally higher into the close.  However, volume was not that heavy and the market was only up 100 pts after a ‘great’ intraday (somewhere between the start and the end) rally.

With the Godfather among them (Berlusconi) promising to resign as soon as austerity measures (agreed with the EU) are passed by Italy’s government.

That will happen, on what scale however, we do not know yet, must like with Greece the market may take a pop higher, but afterward, the ugly background of this drama will come to the forefront.  And will Mr. B even resign after that?  Probably not – maybe he will hang on?  That will hurt markets even more!

Yields on Italy’s debt are set to rise dramatically, but Mr B has survived so much crap before now; is this scenario beyond him now?   Well, it has to be.

As I have said, by the time austerity is passed for Italy, we could see a reaction rally, but markets should have sold off a decent amount by that time anyway, so the pop higher will still only rally to levels that are LOWER than we are currently trading at.  So, if you are shorting NOW, your stops should be fine and uninterrupted.  The best time was last night, but I left, so I will wait through today’s session to wait for the best time.

For the S&P

The market has AGAIN stumbled up against the black 200-day MA line.  So, if we drop below the blue 10-day Ma line and sell-off further below the red trend line, you can expect to see lower levels beyond 1220 very quick.

We may then see a snap rally back up toward the green 20-day MA line (1240) for a day or so, but then expect a further drop into the high 1100’s and maybe as low as the LOW 1100’s by Xmas.

Let’s just say that if I see a dip below the red line (10-day Ma) and it holds below there for TWO FULL sessions, then I will be selling this market no matter what!  Probably along with the Dow too.

Lastly, onto Gold and baby am I buying this market up until it surpasses $2,000!

When you think about it, what can you do with this precious metal?  Just sit back and stare at it!

You can’t eat it, play with it or build houses with it – well actually, it’s going on!

However, when it comes to economic turmoil, to own something as tangible and unique is what it is all about.  It’s the next major form of currency for the global population.

I firmly believe that with the dollars demise over the coming months/years, this investment will sky rocket!

Off the top of my head, I read that we are in around 10 trillion worth of debt, with only around 900bln of real cash in circulation.

The U.S. are now mortgaged up to the eyeballs and the bailiff’s are set to drop by as inflation will continue to rise and more dollars are needed.  BUT where do they come from?

The U.S. need to accommodate the countless banks they have bailed out over the past 3 years.  Again, where does all this money come from?

The government cannot keep creating this cash, without something going down.

Have a long hard think and be logical when assessing the true potential of Gold over the coming years.

I am buying at current levels and I have stated for others to get in and buy around $1600-$1760.  Once we break 1820 (next point of resistance after $1760), we should see the test of $2000 and this may well be in conjunction with the crusade lower for ALL stock indices – Perfect timing!

Get ready for the launch – lower!

Matt $haw

www.fixedoddssuccess.com

Click for Fixed Odds signals and binary options tips from Matt Shaw

Angela Merkel is pulling her hair out with the pending referendum on whether or not Greece should accept the aid package that the rest of Europe has not so kindly) gift wrapped.

Credit Suisse are cutting over 1500 jobs which adds up to a tidy sum when totalled with the loss of more than 2500 coming from MF Global.

Where is this going…?

Well, we have 2 huge investment companies cutting jobs and going bankrupt.  Will the employees go to other banks?  In this state of affairs, they may have to settle for less, which will be tough going as the job market below that tier is struggling more.

So, will it be holidaying next year to the Greek islands spending the newly formed and obviously inexpensive (comparative to Euro) Drachma?  I bleeding hope so!

Greece should get out and face the jungle of lions themselves and hope for the best, otherwise the Greek islands will be owned by (the now much fatter) bankers.

‘Mother F*****g’ global!

Sorry, but it’s another AIG all over again.

The government are not waning in here with immediate effect due to the company’s demise like they did with AIG, but there seems to be another matter of a LOAD of cash disappearing into the stock market black hole.

Well, the cynic in me would say that MF Global diverted some customer funds to support its own trades as the firm saw the last days looming.  MF prop traded, which meant that the firm trades stocks, bonds, currencies, commodities and other financial instruments, with the firm’s own money as opposed to its customers’ money, so as to make a profit for itself.

However, as there are now federal investigations into the disappearance of hundreds of millions of the green stuff, would it be that cynical to suggest that through the shortfall of personal cash, (due to their exposure in Europe) MF supported positions with client cash?  Hmmm, up to you to figure out.   But think of it – how much of the positions were supported?  How can this be audited?

Just like the missing 2.3 trillion from the pentagon (Google that) on Sept 10^th 2001, is it best left and written off?  It may be less expensive to leave and put it down to a bad 3 years worth of risk taking.

Watch the space for Goldman to appear and snap their jaws at this very soon!

But I wouldn’t suggest that oh no, not when you have a man like Jon Corzine (Ex-Goldman Sachs CEO) in charge at MF.

Now this makes me nostalgic from just 3 years ago, where I would have thought that Securities firms like MF surely would have learned a lesson.

The trouble is precisely Jon Corzine – The man takes risks and does not care!

Let me take you back to 1986 (the trade that made Corzine famous), where Jon sat down at his desk and directly set up a trade of buying one yield of a treasury security and selling short another yield of a treasury security.  The trade bombed and so Jon’s task was turning a 150 million loss (big bucks for 86) into a squeaky clean gain of 10million over the following 7 months.

The man did well (per se) and this eventually put him on a much higher trajectory with GS, hence moving up to co-head fixed income at GS.

However, what Jon did with long term capital management by taking information on the trades and then trading against them, was less of a trading incident and more of a vulture like scenario taking advantage of his position.  This made the man some enemies and hence he should go and bury his head in the sand.

What does this mean for the markets…?

Well, I called a top for the 2^nd week of Nov or possibly just days before that.  Now, if we do not see this market ramp up by Thursday, 3^rd November than we will have already seen these tops play out.

Even if we do see a reaction rally from lows on Tuesday, 1^st Nov, I don’t think it will surpass Friday’s highs of last week.  It will just about reach that zone, or maybe breach levels 1% higher than them.

My target for the imminent sell-off is as follows…

Dow Jones – 9600-9800

S&P – 1000-1030

Ftse Index – 4700-4800

I see these noted levels being reached by December!

What will happen to the £/$ (cable) over the coming week or so?

As I stated previously, the £/$ index needed to break the 200-day MA line by Halloween.  It failed on the day for the second time in as many sessions and now we will see a continued downside extension play out.

Let’s get technical

After breaking the neckline (blue line) of 1.57 back through at the middle of Oct, the market went on to achieve its double bottom (22^nd sept&6^th Oct) objective that was the 200-day MA line.

Gains were always going to be capped after a brief 600-700 pip rally from the double bottom pattern.

I see that gains will be capped in and around the 1.61 zone, and with cable having bounced from the red line (10-day SMA) on an intraday basis for the 31^st Oct.  I see this giving way and becoming resistance also.

A break below the red line, will lead to the green (20-day MA, 1.586) line sculpting cables path for the short term.  The market will either struggle to break this level, or it will break within 1-2 sessions of testing.  Either way, it will eventually break the green (20-day Ma) line to land at 1.57 by Mr.Fawkes’ anniversary.

From there, if no bounce is seen within two sessions (Mon, Tues -7^th, 8^th) Expect 1.55 to be seen imminently.

There is no other option but to short this market, but I am holding off until I see a drop below the 20-day Ma line.  My level of entry will be between 1.58.1.583.

For Fixed Odds, I will endeavour to position the No Touch level ABOVE the 200-day MA line, and short this market straight at £50 per point (1.58/.583) whilst looking to exit at 1.57/571.

And for the mighty Dow

With the short term Dow trend being highly bullish (due to 10day crossing over the 20day Ma) and the target of 12000 being reached so soon after, I think ironically pushed the index into overbought territory.

With that, we see the Dow take charge of the 12000 resistance zone for LESS than 2 sessions, before the wave commenced lower back on Monday.

If a retest of that area is NOT seen by Mr Fawkes’ ass burning, then we will have confirmed the highs at these levels back last Friday.

I am not buying this market right now, instead I will wait to the end of the week to see if a reaction rally can take this market up to and potentially beyond last Friday’s high which will give me a better leverage for shorting these markets.

If not on the other hand, I will be selling regardless come the end of the week no matter what the level.

I will open up at LEAST 2-3 High No Touch trades, on the S&P and Dow and also shorting the market by £50 per point on my spread betting account.

As of the end of Tuesday’s session, the Dow and the S&P closed at the intraday lows.

If NO upside momentum is seen by the close on Thursday, gear up for the burst pipe next week.

Err, it may be clear what I think for Gold right now…

Buy after the 5^th November and hold!

Matt $haw

www.fixedoddssuccess.com

P.s.  To receive this blog piece in PDF and the rest of it with full colour charts – please email:  fixedoddssuccess@gmail.com

Click for Fixed Odds signals and binary options tips from Matt Shaw

I have to admit I have been fairly in-active over the past week or so, but from tomorrow things will be changing.

We know that European officials have got until the end of Wednesday to get their act together and this is about the time we should see a shake-up in general in and around the marketplace.

Matt Shaw sets a barometer for trading volume and more often than not a trend follows.

What do I see this coming week…?

(wrote for layman’s update on 24th Oct)

‘I see a small (rather minor) pullback, followed by a further rally to highs beginning of Nov THEN the sell-off will begin in ERNEST as soon as the 2^nd week of Nov appears; it may even come a few days sooner than that, but this is what I have on my cards right now.

The high for these markets should come in around the time Mr. Fawkes gets roasted once again.  I don’t know how that guy keeps going – No pun intended!’

In terms of the S&P and Dow (just so you have an idea) I am talking levels of around 1290/1300 and 12200/12300 respectively for the highs.

Until we see those named levels I firmly believe the market has more legs, but we could slip before that and I genuinely profess that if we knock around below 1215 before 1290/1300 is breached for the S&P, then the top is already in and get ready for lower tides.  Or should I say higher tides at lower levels?

I just want to note two things about the Dow before I move on and trade SOMETHING – It needs to break its 200-day Moving Average.

If the Dow fails at the very first attempt then that could be the top right there; however if the test of the 200-day MA happens before the 1^st November, I will allow the Dow one more attempt at breaking that 200-day (black line on chart) before I look to call anything short.

The last point on the Dow is that even if the Dow does not test the black 200-day MA line, by the 1^st Nov I will be selling this market regardless.  I will do this by placing High No Touch trades via my Fixed odds account and selling £50 per point with my spread betting bookie.

However, as the Dow is now trading over 11900 it looks highly likely that the Dow will AT LEAST test the 12000 level (200-day MA (200-day MA is resting just below 12000) before witching hour.

Please note, DO NOT pre-empt any trade here on the stock indices.  Even though with my guidance you sort of know what levels to watch out for and the targets in mind, it does not mean that it will happen.

You always need to wait for confirmation like particular levels being tested then failing and simply markets hitting a brick wall then selling off, or even markets testing a higher level and bolting through by picking up even more momentum to the upside so you can jump on the bandwagon and ride to victory.

Money is only lost when traders try and second guess what the market is going to do, even when sometimes it looks so obvious what is going to happen.

Onto the £/$

Cable (GBP/USD) has been well capped (gains have been measured and resistance at higher levels has held) since breaking the previous support of 1.571, with rallies extending into the 1.600 zone.

The measured move objective for the pattern projects additional gains into the 1.610 area.

However, I see great resistance above 1.61/1.615 into the 1^st week of Nov.  If we do break the 200-day MA by this time I will be forced to buy the market.

However (my preferred plan) is that we will see the market rally up toward 1.61/200-day MA hover there for 1-2 sessions and sell-off.

Or we may even bounce immediately from this level if touched/breached.

Either of these two scenarios will bode well for a High No Touch through my fixed odds account and a short spread bet with a stop around 1.615.

If I see a bounce directly from 1.61 or indeed the 200-day Ma itself, I will short immediately.

As noted on the chart, if none of this takes place by Oct 31^st, I will be shorting regardless, down to the point of potential upside reversal of 1.5715 or the simple 20-day MA (green line).  If that breaks into Nov, I will short further down to 1.54.

What am I seeing for the market as a whole?

Well, Gold is still stuck in its trading funnel of $1600-$1700 and with Monday’s close above its 10-day Moving Average at $1655 I strongly believe we could see a thrust up toward $1700 and potentially break this resistance zone soon enough, especially if stock indices sell-off nicely into the middle of November.

As we enter 2012 and stocks slump quicker than my great Gran into her favourite armchair, Gold will most definitely surpass $2000 by Spring blossom.

Earlier this week, BP’s profits slumped but shares are priced higher, how many times do I see this?  Far too many for my liking!

BP reported lower underlying third quarter profits this morning, despite high oil prices, but production had fallen due to the selloffs in the wake of the disastrous Gulf of Mexico oil spill.

They only made just over 5bln and that is after paying out several more billion to people and businesses affected by the spill, so maybe it’s not so bad in market terms and that could be justified as to why BP is trading higher by 4.5% at the time of writing.

Just to bear in mind, which something that can linger in the back of your mind while we prepare for the mother of all selloffs that should be due to hit a screen near you, very soon.

The total U.S. state debt, (including pension liabilities) could surpasses $4 trillion, with California owing the most and Vermont owing the least, according to an analysis released.

The housing bust/recession and the financial crisis overall has indeed caused states’ tax revenue to plunge and as a result, bloody great big holes have emerged in their budgets over the last 3-4 years.

All states (bar Vermont) have been forced to cut spending, hike taxes, borrow and turn to the federal government for help.  Oh, are the ‘federal reserve’ going to do their bit again for the security of mankind?

Gees, if that’s the case I won’t be looking to purchase another home anytime soon or indeed invest heavily in bonds or stocks.  The next overdone market condition will undoubtedly be to the downside; but measured against the true value of the overall economy… It cannot ever be that oversold.   Eight trillion worth of debt fo the global economy when less than 900 bln is in circulation – you do the MATH – Shaw has!

Today, on Thursday 27th Oct, stocks are rallying amazingly on the back of the Euro zones leaders increasing the fire power of the regions rescue fund.

This deal has now blanketed Greece with a $1.4 trillion wind shield, as those  frantic European leaders persuaded bondholders into accepting 50 percent write down of Greek debt.

There are obviously still some key points that have not been finely addressed.

However, I suppose it’s something the market can burn in the meantime, while many traders&investors get excited by throwing more money at the markets, only for the fat cats to absorb before the inevitable ‘crash and burn’ scenario that is hurtling toward the global economy finally arrives.

Please be careful investing anything other than BETS on the markets or indeed solid PHYSICAL commodities.

Matt $haw

Fixed odds Success

www.fixedoddssuccess.com

Click for Fixed Odds signals and binary options tips from Matt Shaw

With retail sales adding to the bull pot, there is only more momentum to be had to the upside here.

I am now looking at the market through a complete technical stand point.

However, there is some debate that markets are over their fears that the worst will happen in the world economy as investors hope that Europe will finally find some solution to the slow-motion debt crisis that has been unfolding for the past 1-2 years.

I think that this is the main catalyst driving stocks forward; but I do not see green lights beyond Oct.

In Fact, the RED line on my chart is where I see major resistance kicking in for the Dow – this level is 11600!

Back at the end of July, we saw huge selling with these indices and the Dow was the biggest culprit for tearing heads off chickens.

Since the bull fight back throughout the remainder of summer 2011; the 11600 zone has come to hit the markets back into bear shape.

Unless we burst through this juncture at the first attempt, I am destined to believe that this will be the highest point of the year as we run up to Xmas.

If we do see this level taken down to the upside, expect to see levels from that of earlier in July as a reaction rally can always get carried away because so many jump on the band wagon.

Then as that wagon gets so full, it eats up so many casualties on the way back down.

I will not be one of them as I am not in on the long side here, I am simply waiting for my ‘sick, lame antelope’ (Weinstein) moment before I pounce like the tiger that I am.

Get ready as the downside is coming fast and will drop even quicker – perfect for fixed odds bets!

For Gold, I see an upswing into the new year of $2,000 but read this very interesting article I picked up today – http://www.cnbc.com/id/44891595

Until next time

Matt $haw

fixed odds trader

www.fixedoddssuccess.com

P.S. If you require information about carbon credits, please get in touch at: enquiries@vertrading.co.uk then leave your name and telephone number.  They issue the best prices credits in the world, today!

Click for Fixed Odds signals and binary options tips from Matt Shaw

The markets have now officially erased the losses paired through 2011.

Stock indices are higher once more today and even the £/$ is holding its own!

However, even with this rally today, you would have to be a bloody idiot to want to get in one way or the other.

Why is this?  Well, the big traders are not all back behind their desks yet.

The larger moves are yet to come and come they will – in their droves!

All we have seen in the last week is a reaction rally, one that is reacting to the mega selling we saw earlier this month.

Don’t think that all is forgiven, as we have not even see this rally make up for all losses incurred.

The main reason right now that markets are rallying is down to;

Oil seeing its biggest monthly drop since May after Crude Oil supplies increased unexpectedly.

This has helped equities gain ground and head momentum higher than they could have wished for just two weeks ago.

This combined with a stimulating report from the Federal Reserve in the U.S.

Also, economic data in the U.S. by way of ‘Factory Orders’ showed a great increase, which has helped stimulate business activity and that too has helped the momentum continue with the equity rally over the last week.

However, medium term I think upside is extremely limited and it is only a matter of WEEKS before I see the market turning again to the downside and testing previous lows and even LOWER levels than that seen the start of August.

For instance, I think the Dow (in order to prevent a meltdown) needs to rally a little harder and test levels just below or of that around the MA zone.

By stating the ‘MA zone’ I mean the level of 12000 (a level that I class as a pivotal Moving Average) but also this is where the blue 50-day and black 200-day MA lines meet up at the end of the chart.

So this makes the 12000 EXTREMELY important moving forward into next week…

I see levels of 10000 by the end of Sept IF the Dow DOES NOT rally up and test the MA zone by the middle of next week.

That weakness or ‘ceiling’ that the MA zone could prove to be, will be the catalyst to tick this market down gradually but certainly quickly in a controlled demolition – similar to 9/11.

I want to move on from Equities now and look at Gold.  This market sold off aggressively last week as we saw an upswing with the equity markets.

However, this has also now made a substantial comeback i9n line with stock Indices this week.

The price of $Gold breached $1900 last week – quite astonishing.

New trade on this at:  www.fixedoddssuccess.com

But check out the chart below and see where I have drawn the blue line across the chart.

This is representing the weakness that picked up after it sold off from the highs of $1900+.

It also shows the current resistance zone whereby the market has closed recently.

My trading zone for this market over the coming few weeks is the 1780(20-day Ma level) -1850 area.

Of course, if we break $1840 again later this week, then I see one more test of 1900 and probably $2000 if equities sell-off into Sept. Which eventually I think they will, but could be a few weeks yet.

Alternatively, we could see the markets (stock indices) continue to rise into Sept (and it would be for Sept only), if which is the case, expect the Gold price to sell-off and test the mid-1700’s and use the 20-day Ma (green line) area as a trading zone for a short while i.e. as resistance and support levels.

No matter what market you’re trading, whether it’s Oil, Gold, rice, soya beans, £/$, €/£ or the Ftse100, you must analyse the technical chart and assess how strong or weak the situation looks before you enter the trade, because no matter what the market there is always a pattern!

In this case, the pattern is to look for the equity markets to sell-off into Sept and Gold to rally more.  If by Mid-Sept it is still rallying, just wait for the fall before you buy into Gold, because anything back below 1700 I will BUY into Gold, which would be great timing for a potential market sell-off – hence a Gold rally.  These markets often trade in contrast.

Just like the $ and the Japanese yen!

More next week…

Matt $haw

www.fixedoddssuccess.com

P.S.   I have invested another 10k into carbon credits;  check out:  www.vertrading.co.uk right now!

Click for Fixed Odds signals and binary options tips from Matt Shaw

However, when I first started out trading it was a completely different story.

When I first began trading, I knew I would love trading the Dow.  It moved quickly, it moved hard and the volatility seemed consiste3nxc enough not for me to die of boredom.

As I knew very well with trading equities, you can hit some almost deaf tone, tedious dry spells.

But when you befriend the Dow, in terms of trading this with spread bets or fixed Odds, there is rarely an ounce of boredom allowed to set in because of the variety of trades you are allowed to trade in conjunction with this potentially fruitful market.

With Fixed odds, (not so much with forex) you can set parameters so you can profit if this market hits a trading range, SO YOU choose what levels it will NOT TOUCH (high and low barriers) so you are set to profit.

When the Dow is rallying or even sinking (just like now – summer 2011) you simply select the appropriate bet type to run along with the market conditions.

Obviously there is a little more to it, but you get my point when I say that there is rarely a quiet time when trading the market such as the Dow Jones industrials index.

Now, I want to show you when sometimes we must look for important fundamental data that plays a key role in this indexes price action.

The Dow jones index is more than partial to an array of pivotal U.S. data and when the markets digest this data, it is the Dow that is the index acting as the barometer for short term direction.

Look at this chart, just to see how crucial fundamental data plays a huge part in the Dow’s pricing.

The intraday low (end of chart) on the 1^st Aug was seen just below 12000.  However, the Dow rallied toward the close to end the session at 12132.

The low was made as investors (and the whole market place) panicked that the house of reps would come to a decision quick enough (before Aug 2^nd deadline) regarding the widely anticipated debt package that was set to halt the country defaulting.

Then later in the evening, a package was sealed and the ceiling was raised on how much the treasury could borrow – so markets rallied to the close.

However, come August 2^nd, the markets sank due to amid speculation that the budget deal may not go far enough in reining in deficits to satisfy major ratings agencies, which have threatened to downgrade the United States’ AAA credit rating.

The Dow sank over 170 points into late session and went on to close even lower by 265 pts.

This goes to show, that no matter what the technical picture, you must always be wary about what is happening in the world and what is going on geo-politically.

For me though, this package was always going to be shot down in a sense and heavily scrutinised, due to it heavily weighing on growth.

That is one thing and it is a mess the U.S. will take years of having to wriggle out of due to holes created through the original debt bubble.

Now, look at the overall market chart… It’s headed lower the last two weeks, already looks weaker than a sick lame antelope  and for a package to be rushed through (mainly not to interrupt the senate’s holiday’s) in this manner things must already be bad.

The most the market can hope for on the 2^nd Aug is a bottoming period, whereby investors come up for air, as at least the U.S. is not set for default just yet – although it will probably never do so as it can always print money.

The point of me writing this is simple… Do not fight a trend!

Get IN on the RUMOUR and SELL on the FACT!

The rumour was whether or not the senate would pass the debt bill (of course they bloody were); so you BUY, then SELL the FACT that was the actual decision late on the 1^st Aug that saw the Senate voted 74-26 to pass a bill raising the $14.3 trillion debt ceiling through the 2012 election.

You then get out altogether, but remain bearish until you see a market turnaround back above higher resistance points; which is another story!

In the meantime, I am looking for a 1-2% immediate pull-back by end of week; unless this occurs the Dow Jones is going straight to Satan’s hub.

Until next time…

Matt Shaw

www.fixedoddssuccess.com

Click for Fixed Odds signals and binary options tips from Matt Shaw