Inside Trading features Murray Ruggiero this week, who analyzes the proper use of technical analysis.

Next, Lee Gettess provides his weekly video on what he expects from the bond and S&P markets for the coming week.

Ellie Taft brings us the next article on how to choose the right broker.

Last, George Angell explains how to identify the first leg, equilibrium point and .618 retracement point.

The following is an excerpt from Cybernetic Trading Strategies

Technical analysis, as the term applies to trading, studies the use of price data or chart patterns to make trading decisions. This article explains why many people unjustly criticize traditional forms of technical analysis.

WHY IS TECHNICAL ANALYSIS UNJUSTLY CRITICIZED?

Many of the people who say that technical analysis does not work are either fundamentalists or skeptics who believe that the markets are random and cannot be predicted. They point to the fact that the published rules in many introductory books on technical analysis are not profitable when backtested. This is true; but these simple rules are not the indicators used by professional traders. When used correctly, technical analysis can make money for traders. Let's take a close look at some examples of the misuse of computer-based technical analysis.

Trading Using Technical Analysis 

The following in an excerpt from Ellie Taft's Dad's Legacy  

There are many excellent Forex brokers. But it's not like a bank, where regulations guarantee safety. Forex trades are not guaranteed by a clearing organization, and the funds you have on deposit are not insured. They don't evenreceive a priority status in US bankruptcy court.

Please take extra care to find a good creditworthy broker. Go to DadsLegacy.us for an insightful customer review of all the leading US retail brokers.

 Also, you should ask the dealer if they are registered with the Commodity Futures Trading Commision (CFTC) and the National Futures Association (NFA).

Choosing the right broker 

In this clip from George Angell's "Sniper Trading Workshop", Angell covers rules ten, eleven and twelve. First, George explains how to identify the first leg. He then covers how to also identify the equilibrium point. Last, Angell discusses how to calculate the 6.18 retracement price.

Watch video  

Click the above image to view the video

Simulated Test Trading Results Are Astonishing --  

Amazing Book Reveals Powerful "Insider" Methods Worth Over $2.2 Million!

Renowned Analyst Murray Ruggiero Stuns Investment World By Releasing Details On Dozens Of Tested Methods Anyone Can Use To Strive For 5- And 6-Figure Trading Profits Every Year: 

• Intermarket divergence method makes $513,325 in S&P futures!  
• Seasonal corn futures strategy yields 200% annual profits!  
• Correlation method makes $88,200 in T-Bonds!  
• Plus dozens more!  

BOOST YOUR PROFITS!  

I read and review hundreds of books as part of my job. Only a dozen or so are good enough to make it to my personal library. I just added one more: "Cybernetic Trading Strategies" by Murray Ruggiero.  

Forget the scary title; this book is about how you can use the newest, latest technical analysis and money management techniques designed to rocket your profits to new, all-time highs. I'm not kidding; if you use the methods in this book, you could make a lot of money trading.  

Using technical analysis to increase your profits

PLEASE READ. Past results are not necessarily indicative of future results. There is a substantial risk of loss trading commodities with or without this or any other advertised product, service or system. Also hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.