Trading Blogs

Check out this Double Bottom setup on the GBPUSD daily chart.  You can see the double bottom has several price tests these past few daily bars, but has't broke significantly through it.  This bottom resistance line is good all the way back until January of this year, so look to buy the GBPUSD and be willing to hold for a while.

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IT Members, go to this URL to join our first webinar:

http://www.intellitraders.com/chat

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IT Members, we will be hosting our first live Webinar today at 12:30 EST.  The topic of the webinar is "Making the Most of Expert Alerts" and will cover subscriptions to the alerts, opening trading account at multiple trading rooms, depositing, and trading.

Make the most of this opportunity to talk with the real IT Experts today!

Bank of America stock has been dominating headlines recently with its unbelievable downtrend, and the recent billion stock purchase of the famous Warren Buffet.  Many economists look to the BAC stock as a indiator of the entire financial services industry, and even the economy istelf.  The downtrend is obvious, but focus on teh incredible gaps between price close one day and open the next. 

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What do you make of this chart?

We posted a HeroTrader alert this morning even for those that aren't copying the eToro account.  We bought the GBPJPY early this morning and sold it a bit ago for a profit for the trade.

Check out the chart for the profitable trade.

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Look at this DOJI setup on the CHFJPY daily chart:

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As we previously discussed, the doji is an alert for a trend reversal, when a movement one way or another looks to have burnt out and is shaping up to reversee itself.  In this chart we see three solid green bars up, followed by a bar where the bulls just quite get the price higher for a fourth bar.  This bar, where the open and close price are almost identical, alerts us that there is a good chance for a trend reversal.  Then, the trend drops huge, for a outstanding doji setup profit.

Our expert traded eToro account, HeroTrader, kicked off it's first month of trading with an astounding 36% return in August.  We fully expect these profits to continue, so be sure to copy HeroTrader's money making system by copying his trades here

At the very beginning of August, we suggested that you IT members begin copying a solid eToro trader by the name of Dayananda81 - if you did, you would have cashed in on a whopping 53.69% return over the last month alone.  See for yourself:

And if you are looking for more traders to copy on eToro, look at our updated list of IT recommended traders here!

Check out this successful HeroTrade courtesy of our expert traded HeroTrader account at eToro.  This was a buy on the EURCHF currency pair on a 30 minute chart.

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