Power Trading Radio

Steve Bobbitt joins the show today live from Atlanta where he is teaching a TradeStation Platform Immersion class. Merlin and Steve talk about trading as two separate components: The Analytical side and the Execution side. Even with the best analysis, if a trader cannot get their orders to market properly, the trade may never happen. Going beyond just order execution and bracket orders, The duo dive into some of the specific tools which they use on their respective platforms. Steve goes on to talk about his trading style and how it adapts to volatile markets like the one we are currently in. PowerPick: COH

In a surprising move, the Swiss National Bank, said it would peg the Franc to the Euro at a rate of 1.2. What does this mean and how can we trade it? Steve Misic joins the show to share his insights on the issue, as well as how he has personally traded these events in the past. Steve is quick to point out several other interesting points on the Euro which make it a relatively safer trade than the Franc at this moment in time. PowerPick: TEL

Guest host John ODonnell discusses take on gold in today's markets.  Joining him is special guest Ralph Benko.  Mr. Benko is the senior economic adviser to the American Principles Project and editor of The Lehrman Institute's the Gold Standard Now.

Mike went over market data and outlook for Friday.  Diana explained how Real Estate can easily be a major asset class to trade on the longer term.  She says the bottom is near and now is the time to learn how to evaluate any and all kinds of properties.  

Mike talked about the end of the month and the upcoming  quadruple witching day on Sept 17. Mike and Don discussed the differences and importance of seeing the Globex night Highs and Lows for strong reference number the following day.  Using a Percent  chart, they discussed the “leader/laggard”  effect. 

A lot of Mail box stuff caught up and then Mike and Justin took a hard look at the USD Index and some possible plays in the Swiss Franc after the SB’s Intervention. 

The big spike was probably caused by a huge So. American  repatriation of gold. Steve talked about how powerful Fibonacci confluences/overlays  accurately point out areas of Demand and supply.  Power pick was a short sale on Klac in the next 2 days.

The CME raised its margin requirement for gold futures, causing a nice drop in the commodities value. Is there more selling to come? John O’Donnell shares his thoughts on his favorite metal.  Given the recent Gold Craze, FINRA has issued an alert to investors to help them wade the sea of deceptive gold speculators, Merlin talks about some of FINRA’s main points and reposts the Alert on his blog at www.Powertradingradio.com. Later the due tackle topics such as Warren Buffett’s stake in Bank of America, as well as Naoto Kan’s resignation as Prime Minister in Japan. PowerPick: USDJPY

With a live studio audience of Online Trading Academy graduates, Merlin tackles some questions about commodities, specifically Gold. With all the recent talk of gold, have we hit a bottom? Next, Power Trading Radio welcomes Dr. Woody Johnson to the show to help listeners with some of their trading issues from a psychological perspective. Merlin stresses the fact that trading is mostly a psychological game, yet many traders feel that they need some “Indicator” or special tool to be a consistent trader. The truth is that you need to get in control of your Brain! Dr. Woody is here to help! PowerPick: NIHD

Another Summer roller coaster gave Mike some ammunition to discuss Oil, Gold and the volatility in the market. Looks like Merlin won a dinner on Gold. Our guest was Tille Allision who wanted to show how “looking back” in multiple time frames can help you “see” the Demand and Supply Zones.