Special Attention: 5th of September will be the last chance to join TMS via our Special Rate Annual Membership offer after which annual subscriptions will be closed throughout 2010 & will reopen at some point in 2011 next year. Join us exclusively now at virtually less than $17 a month for full access to our private member content.
Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't under-estimate the value of that, but they're not designed to take care of social needs.
- George Soros
At TMS one day finishes and another one starts! Nothing was different about today either but when we nail the markets repeatedly, one thing's for certain the buzz is what makes it the best profession in the world, at least for us anyway!
What's big the story?
Well the fact is that our TMS system finished the month of August with a whopping total of 886 point by exposing only 5 major markets that we follow; Dow Jones, Crude Oil, FTSE100, Euro & Sterling!
This may not sound like a big deal but frankly it is! IF & WHEN sizeable gains of this nature are produced they are normally generated from trading 20 odd financial instruments!
Not the case with TradingMarketSignals.com as our TMS system follows five markets in our live member trading room.
What's the bigger story?
Yes it was the first of September and it was pretty much rally day across the board. This was no surprise to us and we expect this month to be a 'pump & drop' version. This basically means that the excitement produced with today's rally exemplifies total caution for us at TMS! We would like the markets to be pumped up even higher as this month has high probabilities of a complete turnaround attached to it! So hypothetically speaking if we get 10500 for the Dow Jones we would not be surprised to see 9500 or EVEN lower!
Yes we were bullish at 10000 and wouldn't mind seeing closer to 11,000 again but the manner in which the opening day of the month has started literally spells out one conclusion: Sucker Rally!
Ok we're not marrying these probabilities as thankfully our TMS system follows price action and here is the type of price action that we followed today;
Our TMS system gained 704 points today! YES for September we're already up 704 points! No typo error!
Solid September Start
The TMS system sent out the 3 signal entries to its members: Two of which were triggered on the 31st of August, mentioned in our previous article:
TMS System FTSE100 Buy Signal: 5139
TMS System Dow Jones Buy Signal: 9944
TMS System Dow Jones Buy Signal: 10093
The TMS system fired exits today for both markets at 5360; FTSE100 & 10260; Dow Jones.
This gave us an immense total of 704 points in ONE DAY all for September!
We should be taking a month off but we're not as this month may well be the craziest month for 2010 and with the 1st Day of September virtually done we're absolutely ready for the 2nd day...
The Chart below is a four hour Dow Jones Chart
We will be timing our entries with our TMS system triggers but at this moment in time our gut instinct is basically telling us, the higher the pump, the steeper the drop.
Although the market has become over extended very quickly it still can stage further upside. We will prefer even higher price action as so far our work is implying a u-turn month for the markets. We would also expect the volatility to increase dramatically this month, so please make sure you have your seat belts strapped! ;-)
Time and time again in 2010 the crowds are made to look one way in herd mentality fashion. The markets play with the mindset and pretty much traps traders day in day out. The media help by not giving the news but by playing the propaganda in such a way so that your mind is engrossed with the events that have taken place and not thinking about the events that will be taking place!
Dow Jones 14000 was when we had chit chat about 20000. We couldn't understand 14000 but we still went both long and short and gained with the price action but the pros knew what was unfolding. However the media had the news embedded in the minds of the herds that could only think about the events that were occurring and not the events that would occur.
Do not ever forget that price moves in which the market price in the future NOT the past.
Euro Four Hour Chart
The chart shows the decline from the highs the Euro made in early August and it also shows the end of the month s which produced a double bottom.
Where now for the Euro Vs Dollar?
Basically we would like to see price reach the yellow line over the next few session or so and if we see continued strength for the Euro then we could practically see a you shape move back to the August highs of 133 by mid September.
It would be lovely to see the markets pumped up all across coupled with an unwrapping of vicious style high volatility sell-offs across the board.
If we get one more week of price action below 129 and above 126 then this would mean that the Euro would have side tracked for one whole month!
What would continued sideways movements mean for the Euro?
Well we spoke of this earlier in the year when the Euro sidetracked for ages around 130's and with it we knew a big move was kicking off, up or down. It did, a 1000+ point moved occurred in which the Euro went to the years lows of 118. Once again should the range trading continue then yes this will make things a little boring but price will eventually make up for it by unwrapping a massive move!
Up or down we simply won't care as we'll stick with our TMS system to do the work for triggers and exits based on price!
My name is Ajit Singh and my work with the financial markets started from the young age of 17. We are www.tradingmarketsignals.com and so far in August our TMS system has gained 886 points(Closed signals) from five major markets: Dow Jones, Euro, Sterling, FTSE100 & Crude Oil in addition to which some gaining signals are still open with more triggers taking place this week!
This is it: 5th of September will be the last chance to join TMS via our Special Rate Annual Membership offer after which annual subscriptions will be closed throughout 2010 & will reopen at some point in 2011 next year. Join us exclusively now at virtually less than $17 a month for full access to our private member content.
http://tradingmarketsignals.com/#/tms-annual-membership-offer/4542738012
