Power Trading Radio

Merlin kicks off the show with a quick discussion about supply and demand levels, and the steps needed to map out an entire trade. He does this on Devon Energy (DVE) at a listeners request. Next Don Dawson joins the show and the two talk about President Obama’s proposal for greater regulation and fines with regards to Oil speculators. Don goes on to give examples of how media is quite often lagging with their stories, and how traders should regard their information. The interdependence between commodities and other financial markets is made a bit clearer with their discussion of Cotton, Orange Juice, Sugar, Coffee, and more.

Solo in the studio, Merlin runs through in depth current market analysis of most of the major currency pairs. With intervention looming, the yen is the first target. Merlin maps out an upcoming demand level which may act as a good buy point should the dollar keep dropping. After a quick rundown of how he sets stops, Merlin then turns his attention to the Cable for potential setups. Finally we get a quick rundown of what is going on over in Europe with some solid analysis of the Euro, and a listener question about the USDCAD. PowerPick: USDJPY

Apple has a 4% down day, bringing with it the nasdaq, and pulling down other indexes as well. From the looks of it, this may continue as the selling has been picking up momentum the last 2 days. Bruce Milbury joins the show to talk about his upcoming article in www.traders-mag.com dealing with candlestick outliers. Steve and Merlin explain that once traders are confident with the Online Trading Academy methodology of Supply and Demand zones, adding in candlestick formations adds another level of confidence in a trade. Bruce outlines what are some of his preferred candles as well as showing a few charts as examples.

With “The Ambassador of Opportunity” John O’Donnell out for the day, Merlin opens up the flood gates to listener questions. The preponderance of questions pertained to Investing and long term investing, including discussions on: Exchange Traded Funds, Asset Allocation, ETF liquidity and market timing. Later, Merlin looks at foreign currency pairs for a little insight on what people should be trading and why.

PowerPick: WFC

Markets exhibited a nice bounce the last couple days, and 1 of the 4 major indexes displayed a bit more strength yesterday causing it to be the biggest gainer today. Merlin talks about this, and why he chose that index as his PowerPick of the day yesterday. Paul Orme joins the show to talk about the 3 most common mistakes investors make with regards to their 401k plans, as well as a quick rundown of how to reduce fees by selecting alternative investment vehicles. Merlin and Paul talk about what one can do if they are behind in their retirement planning (as Most Americans Are!!!).

With 38 years of trading on the floors of CME, CBOT, and CBOE, you would assume that you know just about everything there is to know. Craig Weil tells us how he took a month off of teaching to focus on learning some new trading instruments as well as apply some new technical tools to see if he could increase his returns. Merlin and Craig discuss some of the nuances of these assets, including Live Cattle, Corn, Soy Beans etc. Later, Craig talks a little about his “Hard Target” trading methodology, but encourages traders to find their own style. PowerPick: IWM

In a rare treat, Power Trading Radio is visited by the Mastermind behind the award winning Online Trading Academy curriculum, Sam Seiden. Sam tackles a couple listeners regarding his recent articles in Lessons from the Pros, a free publication voted “Best Newsletter” in the trading industry. Later, Sam and Merlin talk about some of the factors one needs to pay attention to when looking at trading for a living. Sam walks us through some of the levels in todays markets, as well as illustrating the strength behind the Supply and Demand levels mapped out in the Mastermind Trading Community. Discussions follow on the Euro, dollar and Aussie. PowerPick: USDJPY

Nearly 14 years ago, Merlin was teaching trading classes in a small room at Online Trading Academy, all with the intent of transforming people’s lives with honest financial education. One of those students from back in 1998 was Roger Best. Roger spent years applying his education to the markets and worked with several mentors to hone in his trading style which is exclusively Day trading. He has gone on to be one of the top instructors at Online Trading Academy, and also was voted 2009 Instructor of the Year! Roger and Merlin reminisce about the old trading floor days, talk trading styles, and share their passion for trading.

With the worst week for the S&P500 firmly behind us, Merlin Rothfeld and John O’Donnell take a look at some of the major factors facing the markets. John offers his perspective on Gold, which may surprise many regular listeners! This carries into a discussion about the Baltic Dry index and its implications for global trade. Transportation may also face further setbacks with the rising prices of Diesel and Oil. Later in the program, the duo take a look at the S&P 500 and the Dow for potential market clues.

A nice down day for the markets prompts several listeners to send in questions about potential buy opportunities, which Merlin tackles in the opening segment. Later, Steve Moses joins the show to share his experiences as an options trader, including his progression from market skeptic to seasoned veteran. Steve walks us through the way he trades options before diving into several listener questions regarding protection, volatility, and earnings plays. Merlin and Steve walk through these examples with real-time charts.