Breakpoint Trades

Wednesday, June 26, 2013

Gold

Posted by Matt at 12:05 PM

As you know Gold is way down again, here's a few GC futures charts:

15 min - still looks weak like a bear flag

the second one shows a daily chart with a measured move down to about 1200

the third shows another measured move down to about 1170

Gold remains the worst sector in the market by far

Monday, June 24, 2013

Awesome FREE Indicator

Posted by Matt at 7:58 AM

This custom indicator that I develop called the BPT MA Deluxe has been pretty awesome so far as you can see from the attached chart, it has caught most of the big moves in the market and kept you on the right side of the trend. this indicator is free for Breakpoint Trades members - if you are not a member, now is a great time to sign up, sign up Here, our 6 month membership is by far the best deal!

*CLICK HERE* - for a video overview

Sunday, June 23, 2013

Here\'s our two Newsletters

Posted by Matt at 8:24 PM

Here's our to very comprehensive newsletters, you'll be amazed at the detail please take the time to review them both

1. U.S. Market and World Market Newsletter

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2. Commodity Newsletter

IWM - Russel 2000

Posted by Matt at 1:47 PM

Friday's low exactly tagged and rebounded off the up trendline from Nov

HUI weekly and monthly charts

Posted by Matt at 1:46 PM

some observations:

1. Nearing the up trendline from 2000

2. The correction from 2008 was 71% from the highs, the current correction so far has been 65%, however this current correction has been going on for over 1 /1/2 years whereas the one in 2008 was only just over 6 months

3. The weekly 14 RSI became much more oversold this time than in 2008 or 2000, however now some positive divergence exists. The monthly 14 RSI appears similar to the RSI from 2000.

Friday, June 21, 2013

GDX RSI 2 follow up to questions that I received

Posted by Matt at 6:49 AM

Regarding the GDX RSI 2, the system will look to exit the trade whenever the RSI 2 Close is back above 80%, unless my custom momentum indicator turns green, which the system would then hold the trade via until the momentum indicator turned red.

I'm posting this information, because some of you asked me questions and I thought I should post my responce publically. I don't list this as an official mechanical system of the website in the Tradestation systems section of the website, but I had posted it a while back because back in early April when the RSI 2 had closed below 1% on GDX - and at that time I ran my system to find the probability of a bounce.

Though as you can see, most of the trades did take some initial heat even though every one of them eventually closed out profitably

Thursday, June 20, 2013

Today was a bloodbath for the market - Let\'s review

Posted by Matt at 8:09 PM

Today was a total bloodbath for the market, especially for precious metals.

Here's my comprehensive newsletter review of today's action, please take the time to review because I discuss the daily and also the very short term view of the market, and I also take a look at commodities and some custom powerful indicators that are disposal

**click here** to view the newsletter

SPY system comments and general market discussion

Posted by Matt at 1:20 PM

Hello Everyone, as you know if today was an absolute bloodbath for the market. Regarding my previous email on the SPY mechanical systems, the SPY Pro and SPY Ver 2 Systems will not be taken along trade today because one of my filters was hit, that causes the system to look for lower prices.

However, the RSI 2 spy system will be taking an initial long trade at the close of the day of 60% of an initial position, it wouldn't take another 40% at better prices future date if that occurs. I will discuss all this in tonight's newsletter.

CLICK HERE To Watch A Video Overview

GOLD and FUTURES Trading

Posted by Matt at 1:14 PM

I noticed a LOT of posts about Gold on the blog. We trade GC futures in the Futures trading room and we don't care if it goes up or down just so long as it moves a specified number of ticks in the same direction. Most trades are less than 90 seconds.

Even though it was straight down (well, almost) today, we had an equal number of long and short trades.

Total Trade signals today were 60 - yeah - a lot of trading, with an even 80% win rate netting you in excess of $2400 per contract.

Those interested in taking advantage of this market regardless of the long term outlook, or better yet, confusion, really should get in touch with Matt or Myself about the futures trading program.

Gold with BPT MA

Posted by Matt at 12:18 PM

Below is a daily chart of gold futures, as you know Gold is getting absolutely pummeled today down nearly $100!! On the chart is my custom BPT MA Deluxe indicator, which as you can see has caught this trend nicely. Remember we also use this indicator on our daily S&P 500 chart