For traders seeking hands-on instruction in a virtual classroom, we offer the CFRN Live emini trading room. CFRN wraps all of its proprietary trading systems, indicators, and methodology into this unique educational environment.
live market commentary, real-time application of the CFRN Proprietary Indicators, and trade signals in real-time.
Ask questions and learn the most important trading lesson of all: WHEN, HOW, and WHY you should get in or out of a trade.
This show is sogood because it not only talks about the markets , which we all are enthralled with, but also about finding out about ourselves and how it relates not only to our trading, but maybe even more important about how we see ouselves in the world we live in and how from the knowledge we take from this show can make ourselves a better human being in our life here on earth--I'll say it one more time"MAN I LOVE THIS SHOW"-thanks guys
Quiet Globex / Futures Drift South Ahead Of London Open
Friday's broadcast has now been uploaded. We apologize for the delay. A quiet night on Globex thus far, with price challenging the lows of Friday's session. Our Tweet on Friday offered a "day's pay" as the market made 3 points available below 1578. Again tonight we saw those same 3 points on our current Tweet and a little something extra for those willing to work late (or is it early?).
ESM3 - Based on the new all time high, we have no interest in being long. We will consider being short below 1578. $ES_F#emini#cfrn_trade
Learning To Daytrade Emini Futures Is Not Rocket Science
Or is it? I've seen traders with desktops so complex, it requires an advanced degree in computer science, a BS in engineering, plus a Phd in economics just to realize you're staring at their screen saver, not their charts. I'm not kidding. We're the first to agree that trading's not easy, but we do believe it can be simple. At the very least, we believe it can be simplified.
It's no secret the market only moves in 3 directions: Up - Down - Sideways
No matter how much computational horsepower you have under the hood, no indicator, oscillator, or ancient Chinese art can predict the future. I realize my position will frustrate some and anger others, but I challenge anyone and everyone to prove me wrong. Everything on the screen is a reflection of what has already happened. Even the price bars themselves are a shadow of decisions made by men and machines, seconds or even milliseconds ago. History is what you're staring at, not the future.
Am I saying indicators are worthless? Not at all, as long as you understand their limitations. Can past events, when properly illuminated and extrapolated help us make high probability guesses as to what may transpire next? Absolutely.
My point is simply this,
On a good day you'll make a good guess
3 things can give you as much information as 37 (if they're measuring the right stuff)
Beyond what I just said... you're dancing with the devil
Michael and I have used just about every piece of fortune cookie software in existence. From the really expensive stuff, to the freebies. Not only have we owned them and traded them, there's a high probability that between the two of us, we either coded or re-coded them, at some point along the way.
Much like our radio guest today, we are Tinkerers. At least we were. There's still a part of us that wants to see over the horizon and around the corner (a.k.a. The God Complex), but aside from our current and possibly final project - "Simple", I think we're done. We've brought together the best of everything we've ever touched, traded or admired, all under one roof and baked them into a few very unique, color coded indicators.
You can take my word for it now, or 10 years from now, but if you stay in the business, ultimately you will come to the conclusion that the words I've typed tonight, have a ring of truth time will never tarnish. We deal today, in some very simple yet immutable truths. I'm not saying we have a first edition autographed holy grail, I'm not saying we're the only guys listed under awe·some /ˈôsəm/ adj. in the dictionary. I just don't know of anything "better" at defining where we stand and what may happen next. That's all...
We could "tinker" with the numbers and curve fit the data to make our ticks look as pure as some of the other guys, but we aren't the other guys and quite frankly we just aren't interested in that game. We're laser focused on trading and teaching you how to trade. Since we already have the tools assembled and waiting for you, our only real task once you become a Partner, is to help you learn to think in probabilities while employing aggressive risk management.
You'll learn the tools and our Slingshot setup in just a few days, a few weeks at the most. How long will it take you to become a consistently profitable trader? That depends on how fiercely you insist upon holding on to your pre-conceived notions about trading.
We will teach you to simply see the market as a never ending flow of opportunity.
We'll give you some tips on when to step into the flow and which way to face.
You'll learn in time, to accept that despite your best efforts, occasionally you'll tip over.
Once you learn to get back up, get your bearings, and step back into the flow without hesitation or indigestion, you'll no longer need us. You may still want to hang out with us, but you won't need us... and that my friend, is a beautiful thing.
I shared some great charts and trades with you in the last post, but in this one I want to show you three Live Trading Videos. One thing you'll learn about us, we're just as quick to trot out our mistakes as we are to do the Tebow after a brief moment of glory. Why? Because that's the truth about trading.
These are not home run, grand slam videos. These are real moments, in real markets, with real traders asking real questions.
There will be plenty of time next week or next month to post trades that give you goose bumps, but for today, let's learn some real life lessons about how YOU Can Learn To Daytrade!
Yen Trade
Natural Gas Trade
ES Trade
If you have questions or comments please feel free to use the comment section below or just email me direct at support@cfrn.net . The feedback for the "after show" has been very positive and encouraging. Keep those cards and letters coming. While you're at it, be sure to subscribe to the podcast and leave us a review on iTunes.
Trading's not easy - but it can be Simple!
Questions?
Call us toll free @ 866-928-3310 during normal business hours.
"The Tinkerers" by Alec Foege The Amateurs, DIYers, and Inventors Who Make America Great
On today's broadcast we had the distinct pleasure of speaking to Alec Foege, author and magazine journalist. A former contributing editor to Rolling Stone, he is the author of four books and also founder and director of Brookside Research LLC, which delivers exclusive primary research to top-tier hedge funds, funds of funds, private equity firms, mutual funds, venture capital firms, and corporate investigative firms.
"The Tinkerers" has received a stellar review from the Wall Street Journal, has been chosen the "Weekly Read" by Fortune Magazine and even made it onto The New Yorker's Page-Turner Blog. Just when Alec was pinching himself black and blue, thinking life couldn't possibly get any better.... the call came in (email actually) - an invitation to appear on the venerable talk radio network - CFRN.
You need to listen to the interview. Click the headphones above to really get a feel for Alec's depth of character. I mean come on... the guy wrote for the Rolling Stone back in the day. Amazingly, his short term memory seems to be completely intact. Now lets get to the book -
“Foege still believes in tinkering, and so should we.” —Fortune.com
“At a time when domestic manufacturing is in decline and the national mood is somewhat grim, Foege makes a case that a return to tinkering might show us the way forward.” —New Yorker, Page-Turner blog
“Once you acquire the tinkerer’s mindset, as described in Alec Foege’s engrossing book, the world becomes a gigantic spare parts bin, inviting you to become a creative participant, rather than a passive consumer, in your manufactured environment.” —Mark Frauenfelder, Editor-in-Chief, MAKE
Perhaps you had a Dad that spent most of his spare time in the basement if you're an east coast dweller, or the garage if you're a west coast cat. Did you? Was he always puttering and muttering? Tearing something apart just to see if he could put it back together again? No matter what broke around the house he fixed it himself no matter how much it ended up costing? I didn't. (have a Dad like that)
But I've heard of 'em. My wife had one. I know a few. I am so not that guy. No way Jose'. In fact, when something breaks at my house (here in Phoenix), I call Jose'. However, I really admire those guys and after talking to Alec on the radio program I feel a little better about myself. Turns out, it doesn't have to be a transistor, a burned out toaster, or a carburetor. Turns out, if you like to play with words or ideas, you might be a tinkerer. Or maybe before podcasting went mainstream, you figured out how to cobble together an old PC, a telephone coupler, a peavey amp and beam your signal around the world when everybody was standing there saying "that won't work", you might be a Tinkerer.
How awesome is that? Alec suspects there just may be a little Tinkerer in all of us and that our tinkering spirit which made America great in the beginning, just may save our collective bacon in the end. Click the book cover above and go grab a copy. As you read it, share your thoughts in the comment box below or email us - comments@cfrn.net .
News Flash - He's coming back.
That's right, Alec has a deep well. He's written a book about right wing radio "Right of the Dial: The Rise of Clear Channel and the Fall of Commercial Radio"a topic I just so happen to know a thing or two about.
He's also written "The Empire God Built: Inside Pat Robertson’s Media Machine"which as the founder of CT Global Media and CFRN, I also know a thing or two about.
But wait... there's more as Ron Popeil would say. On top of everything else, he tells Hedge Funds what to do. I've told a few what to do, but no one ever suggested putting it in a book.
The bottom line faithful listeners? I think we've found a new friend, a kindred spirit. The fact that we don't agree on eveything means nothing.. after all David has been on the show every day for the past 7 years and that hasn't stopped us. In fact, it leads to intersting conversations and great radio.
Do me a favor, drop Alec a line and tell him how much you enjoyed the show (or your fired). You can email him here info@alecfoege.com .
You can also leave a review on our iTunes channel HERE.
On today's broadcast we talk with author, Washington Post columnist and economics editor of the Wonkblog - Neil Irwin, about his new book "The Alchemists - Three Central Bankers and A World On Fire".
Neil's book takes a look at arguably the most powerful men and women alive today - Central Bankers. He moves from the history of money to the transparency, or lack thereof, of our own Federal Reserve System. During the interview we discuss a variety of topics surrounding loose monetary policy from today's QE Infinity, all the way back to the Creature from Jekyll Island.
Our guest agrees Fed Chariman Ben Bernanke has indeed lived up to the name "Helicopter Ben", but does not completely disagree with his monetray policy. In fact, Neil believes the Great Depression might very well have been avoided if there had been a mechanism in place to prevent banks from failing.
Whether you agree or disagree, Neil provides a compelling look at the men and women behind the curtain. A world of closed doors, secret meetings and things that get bumped in the night. So as the printing presses continue to roll and Europe goes broke, grab a copy of The Alchemists and let us know what you think. Use the comment box below or email us - comments@cfrn.net .
(On the record- Our co-hosts attempt to borrow $50 from Neil was not sanctioned by CFRN or its management. It was however... funny. Especially the part where Neil thought he was joking.)
S&P 500 Posts All Time Historic High Against Backdrop of Global Economic Woes
Cash flows in from all points... It's the beginning of a new quarter, we have a loose cannon threatening the world with his thermo-nuclear pop gun and Europe is broke. Historically April is a strong month for stocks and both US and Global investors desperate for a return, are putting their money to work and fund managers couldn't be happier.
We watch the hubris with a cautious eye, a steady hand.. and a hard stop. This house of cards could come tumbling down faster than a DDOS attack on the Bitcoin mint. Exactly. We called it, it happened, but honestly officer.. we had nothing to do with it.
While the world turns, we continue to take advantage of volatility trading the S&P 500 Emini Futures, Commodities and Currency Futures. Unlike my soapbox oratories, our trades tend to be short and to the point. Our goal is simple - "To make money daily".
Let's have a look at the opportunities the market has presented so far this week:
Consider short below 1543 or long above 1551, whichever presents. Want opinion on a specific market? Tweet me. $ES_F#emini#cfrn_trade#es
This trade did not trigger Sunday night. Monday we did break through 1551 on the upside, but the market only made 1 Point available on the follow through.
The market was considerably kinder on this trade as you can see on the chart below -
S&P 500 Emini - Tweet Zone To Zone Move
The Weekly Trading Zone 1545/1546 provided support for the market on Monday and was the foundation not only for our Tweet but for a Zone to Zone move worth 12 points. The Weekly Trading Zones are distributed to Partners before the market opens every Monday. Once published, they do not change for the entire week. If you go back over historical charts, ours or your own, you will notice a pattern. Price moves from zone to zone, over and over, day after day, week after week. There are very few absolutes in trading, but this is a truth you can hang your hat on.
In addition to the Zone to Zone move, our Tweet at 1553 put in a swing high at 1562.75. While the market did make 9.75 points available, we suggested to those following the trade to consider taking at least some profits at the WTZ. If you unloaded your entire position at the Zone, the market still made 5 points available. If your daily goal is 2 points a day, that trade alone was good for half your weekly goal.
Our next trade on Tuesday was again a two sided coin. As you can see from the chart, price dipped 2 ticks below 1556 before reversing. Based on your method of entry, those 2 ticks could have resulted in a trade that was stopped out. There were considerable opportunities to exit at break even, but the real trade turned out to be on up-side. This should come as no surprise, we have been in a slight uptrend since we gapped into the New Year.
ESM3 - If flat from previous Tweet, consider being long above 1564 or short below 1556, whichever presents first. $ES_F#cfrn_trade#emini
S&P Emini Tweet - 1564
Again we see a Zone to Zone move from 1559 to 1569. A clean 10 point move with all Green on the hourly chart. The Tweet triggered at 1564 and screeched to a halt at exactly 1569 - the WTZ. From the trigger to the Zone, the market made 5 points available in addition to the 10 point Zone move.
ESM3 - Keep in mind the long above 1565 idea, now that we've re-tested 1554, is still valid if triggered. $ES_F#es#cfrn_trade
The result? We were given 2 bites of the apple at 1565. Notice how price was was rejected at the Zone just as it was on the previous trade? From the trigger to the Zone, the market made 4 points available (twice). If you remained in the trade, you had quite a ride up to the next Zone. (almost..)
S&P Emini Tweet - 1565
We still have two trading days left in this historic week. How will it end? If probability has its way, we expect to close the week below our highest Weekly Zone at 1586/87. We might spike it, and/or trade above it, but by close of business on Friday...
As I mentioned earlier, there are very few absolutes in trading. Anything can happen. ANYTHING!
In the meantime, there's a Tweet in the wind for you....
Trading's not easy - but it can be Simple!
Questions?
Call us toll free @ 866-928-3310 during normal business hours.
April 14, 2013 at 9:40 PM 
(ES) Tweet - 3 Bites Of The Apple @ 1578
Soybean Tweet 14.16
Natural Gas Slingshot Trade
S&P500 Emini Futures - Globex Tweet 
Twitter
Facebook
Blog
iTunes
DeWayne Reeves 
