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May, 2014  // Posts published in May, 2014

PTA Students and Grads: Join Mentor Mike’s Trading Room!

PTA Students and Grads: Join Mentor Mike’s Trading Room!

Attention, Students and Graduates of Pacific Trading Academy: You are invited to subscribe to “Mentor” Mike Bridges’ TRADING ROOM.  Every Tuesday and Thursday, from 7 am to 12 noon Pacific Time, Mike and his fellow traders watch and trade the S&P Emini futures in real time. We use the GoToMeeting web conferencing platform.  Joining Mike’s […]

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Another profitable day for Mentor Mike’s student, Greg O. And, Mike’s next webinar

Another profitable day for Mentor Mike’s student, Greg O.  And, Mike’s next webinar

Congratulations once again to my student and fellow trader, Greg O., of Florida. Today, Greg had 12 winners out of 13 trades and a net profit of $1,875. See his chart attached below.ATTENTION, TRADERS:Pacific Trading Academy presentsMentor Mike Bridges’ DAY TRADING 101, How to make a living in the markets – Part 1Saturday, 6/7/14, 9:00 a.m. […]

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Time Series Analysis in Market Forecasting

Time Series Analysis in Market Forecasting

Turbulence is inherently complex. The complexity of financial markets arises due to two factors.  First, they are dynamic, and as such are described by more than a single equation. Second, they are nonlinear, which means that whatever equations are involved, they are complicated by the presence of exponents. Furthermore, we don’t even know what the […]

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Markets approach critical point

Markets approach critical point

W.D. Gann stressed the idea that “When time has come, then and only then will a market move”. More deeply his insights point to the equivalency of time and price as superficial markers of energy. Current calculations suggest that time is running out for various financial sectors to reach critical resonance points correlated with directional […]

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Mentor Mike’s Market Movie for Saturday, 5/10/14

Mentor Mike’s Market Movie for Saturday, 5/10/14

Today’s Market Movie recaps my personal trades for this past week – one of my worst weeks all year. Get Mentor Mike’s Daily Email Updates Get the same announcements I send to my students.  Just submit your email address and I will add you to the mailing list: mentormike@sbcglobal.net. Market Movie video play button  

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Mentor Mike’s Trades for Wednesday, 5/7/14

Mentor Mike’s Trades for Wednesday, 5/7/14

Fellow Traders: Since Stochastics are plotted on a closed scale and MACD on an open scale, some of you may have had problems reading their signals when I combine them in the same chart panel.  Accordingly, I have created a new trio of templates that delete the Stochastics and use only the MACD with the […]

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Mentor Mike’s Trades for Tuesday, 5/6/14

Mentor Mike’s Trades for Tuesday, 5/6/14

Fellow Traders: Despite a fairly consistent bearish market, it took me 6 trades and about 6 hours to earn my Grand-A-Day (specifically, $1,551 – enough extra to average with my light day yesterday).  I had to extend my stop to avoid a loss.  I never recommend that strategy to students, but I have used it […]

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Mentor Mike’s Trades for Monday, 5/5/14

Mentor Mike’s Trades for Monday, 5/5/14

Fellow Traders: I had some other chores today so I was only able to take a couple trades later in the day.  Hence, I fell a bit short in my Grand-A-Day ($867).  Hopefully, I can average it out over the rest of the week.  I have also included my EW count for today on a […]

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Mentoring is integral to success in speculation

Mentoring is integral to success in speculation

First and foremost, trading is a probabilities business. It’s primary component being information. The acquisition of  relevant information, and the analytical skills necessary forcorrect interpretation are central to investment success. Like all games, financial speculation has many rules and numerous variables. The challenges peculiar to this business, specifically arise from the fact, that there are […]

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Mentor Mike’s Fastest Grand-A-Day Ever!

Mentor Mike’s Fastest Grand-A-Day Ever!

Fellow Traders: Today, at 5:30am PDT, the Unemployment Rate report came out.  Ever since the recession began in ’07, this report has been the foremost meter of the nation’s economic health.  It can produce a quick, temporary and substantial knee-jerk reaction in the market depending on whether the actual rate is better or worse than […]

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