May 17
What a week this has been. What a month, what a year. This continues to be a great period for trend followers. Every day price just makes a nonsense of price targets and fundamental rationalizations. None of them matter. Price is the final arbiter of everything you do as a trader. This week we added a …
May 06
Turns out I was a little premature in calling for $USDJPY to break 100.00 in my post here from 4/25. ‘Dollar/Yen 100.00 coming to a screen near you’ I boldly proclaimed. The one thing I absolutely nailed though – “I know it is folly to make predictions…” I should have known, like a trip to …
Apr 14
We had two changes to our futures portfolio during the week, re-entering our Yen short, and getting stopped in our Oil long. As we described at the time, each position perfectly demonstrated a difficult facet of trend following; in the case of oil it was dealing with the frustration of having consecutive losing trades when …
Mar 12
Last night EMC Capital Management announced the passing of their Founder and Chairman Elizabeth Cheval. Managing Director John Krautsack remarked that “Liz was highly regarded by her peers throughout the managed futures community and recognized as one of the leaders of the industry from its earliest stages.” For those that aren’t familiar with her name, …
Mar 01
We entered 3 positions this week bringing our total open positions to 7, and we’re in the very unusual position of all 7 being profitable. We received the long Dollar signal last Friday for Sunday night’s open. Later in the week we also got entries to short Euro, and go long 10yr notes. Here are …
Jon Boorman, CMT, is a market technician, analyst, and trader with 25 years experience in global equity, forex, and futures markets. He employs trend following and momentum strategies to generate actionable trade ideas. More....
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