Black Friday shoppers towed from Best Buy, KSDK reports
About 10 shoppers walked away from bargain-hunting at the Best Buy this morning only to find their cars towed – and a $335 bill, KSDK news reported.
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China Pledges to Balance Trade as U.S. House Prepares Tariff Vote
Washington, D.C., United States (AHN) – The Chinese government announced Wednesday it would allow the value of its currency to rise one day before a vote in Congress on whether to penalize countries that undervalue their money.
China will “further improve” its currency exchange rate and “increase the flexibility” of the yuan, the People’s Bank of China said in a statement on its Web site.
U.S. economists accuse China’s government of subsidizing its currency exchange rate to make it artificially low compared to the currency of the United States and other countries.
As a result, its manufactured products can be sold internationally at lower prices compared with competitors.
Some members of Congress say the undervalued Chinese currency is unfair competition that is forcing American manufacturers out of business and has cost millions of jobs.
A bill in Congress would allow American companies to petition the U.S. government to impose tariffs on the products of any country with undervalued currency, such as China.
The bill is set for a vote Sept. 30 in the House of Representatives. The Senate plans to vote on its version of the same bill after the November elections.
“The bill we vote on this week will help level the playing field for American businesses and workers,” House Majority Leader Steny Hoyer (D-Md.) said in a speech Tuesday.
However, a new Congressional Budget Office report questions whether the proposed legislation would be effective in equalizing trade between China and the United States.
Some economists say China’s undervalued currency helped it surpass Japan this year as the world’s second largest economy. China beat out Germany last year as the biggest exporter.
Chinese government reforms would “enhance exchange rate flexibility against the backdrop of a recovering global economy,” the People’s Bank of China announcement said.
However, it gave no details of the planned reforms.
Some members of Congress are skeptical of the Chinese government’s sincerity.
In June, the Chinese made other pledges to stop underwriting the value of their currency.
Since then, the value of the Chinese yuan has risen only 2 percent while the value of the U.S. dollar declined amid ongoing economic problems.
During congressional hearings in recent weeks, economists said China’s exchange rate has contributed to the high U.S. unemployment rate, which stands at 9.6 percent.
Congress is under pressure from voters and industry to create more jobs.
The Precision Metalforming Association, a trade group of small auto-parts makers, said in a statement this week that China’s currency exchange rate “gives an unfair and illegal advantage to our overseas competition.”
China’s central bank did not mention the pending congressional bill in its announcement Wednesday of currency reform measures.
The new value of the yuan would be “based on market supply and demand with reference to a basket of currencies,” the Web site announcement said.
If Congress does approve the trade bill, the new tariffs are likely to raise only $20 million a year, a Congressional Budget Office report released this week said.
The $20 million a year is tiny compared with the $1 billion per day China imports into the United States, the report said.
“Many [Chinese] imports do not injure domestic firms because there are no competitors currently operating in the United States,” the Congressional Budget Office report said.
U.S. businesses that previously made the products already have shut down after being overwhelmed by foreign competition.
As a result, there are likely to be few U.S. manufacturers who would petition for the U.S. government to impose tariffs on Chinese competitors, the Congressional Budget Office reported.
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US delays debut of 100-dollar bill
The United States has postponed the launch of redesigned 100-dollar bills indefinitely due to production problems.
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Schwarzenegger vetoes Calif. ski safety bill
Gov. Arnold Schwarzenegger has vetoed legislation that would have imposed the nation’s toughest safety standards at California ski slopes. Schwarzenegger on Friday signed legislation that would have required helmets for skiers and snowboarders under 18. But… Arnold Schwarzenegger – California – Snowboard – United States – Veto
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“Flip-flop” your Forex method to get an edge.
(Be sure to read this short note because this article gives you access to a proven Forex program that ‘flip flops’ the approach most people take &shows you how select groups of traders can get in on the huge volatility in the Forex markets RIGHT NOW that’s being created by the problems in the other global markets).
Here’s what’s up…
In the past week, over 30,000 traders got exclusive access to 35+ trader Bill Poulos’s complimentary 3-part “Flexible Forex” 2.0 training videos.
-these videos revealed his recent Forex discovery that shows you how to manage risk first when placing a trade, & THEN look for a profit as quickly as possible (and as many times a day as possible) all according to YOUR schedule.
So if you have ANY interest in discovering how to finally become an INDEPENDENT MASTER trader in the Forex markets, where you always know what to do, no matter what happens… keep reading & GET READY…
==> http://www.flexiblefx.com/y/?i=1057655&u=2&l=f92
A TURNING POINT IN FOREX TRADING?
Bill was planning on re-releasing his step-by-step course in January to kick off the new year, but due to extreme interest from the Forex trading community, he put all his other projects on hold in order to release it this week.
Based on the early feedback he’s been receiving from those lucky enough to see a preview copy, it looks like this may be a turning point in Forex trading.
Why?
Because Bill does everything in his power to give you the “keys to the kingdom” where you understand EXACTLY what to do when you go to place a trade. There’s never any second guessing or wondering.
CAUTION: This is NOT for “systems junkies”, or individuals who like to let others make their trading decisions.
But it IS for traders who like to have FULL CONTROL of their destiny in the markets.
IT’S ALL ABOUT YOU
Bill designed this new method with YOU & YOUR schedule in mind. It’s all about giving you the flexibility you need in your busy day to trade in as little as 20 minutes or even all day long if that’s what you have time for.
-but he’s only planning on releasing 955 courses in the next week that show you how to find trade setups quickly, protect your position with a sort of “risk shield”, & then look for profit as fast as possible so you can move on to the next trade.
So if you want to…
…then check out the open letter Bill wrote for you that describes all the details:
==> http://www.flexiblefx.com/y/?i=1057655&u=2&l=f92
I hope you’re as excited as I am about this.
I’ve seen this developer’s trading courses disappear in a matter of days in the past, & it’s a near certainty it will happen again… so IF YOU VALUE YOUR TIME, I really urge you to check out his letter here, & then ask yourself how what he has to say stacks up against how YOU currently trade:
==> http://www.flexiblefx.com/y/?i=1057655&u=2&l=f92
On top of everything else, when you join Bill this week as his student, he’s going to give you 8 weeks of COMPLIMENTARY semi-private COACHING to make sure you “get it”. I’ve never seen anyone do that before, and I’m not sure if we’ll ever see it again, so be sure to check it out NOW.
Rob Trader – Forex Expert Article Source:http://www.articlesbase.com/day-trading-articles/flipflop-your-forex-method-to-get-an-edge-1556210.html
http://tradingtoollist.co.cc/
Forex coaching GIVEAWAY (+live “breakfast” trade)
This article has 2 ways for you to get your hands on some killer, premium COMPLIMENTARY Forex training…
…PLUS, a brand new “live”, step-by-step Forex trade made during breakfast (I know, sounds weird, right?), all captured on video…
>>> #1 <<<
35+ year trader Bill Poulos is giving away the first copy of his complete Forex Income Engine 2.0 home study course PLUS he’s also including 8 weeks of semi-private coaching — but this contest ends on MONDAY.
To be considered for the big giveaway, it’s easy – all you need to do is spend 15 seconds to post a comment on his news site here:
http://www.customforextrading.com/y/?i=1057655&u=2&l=f86
(BTW, in the past, Bill has actually given away more than just 1 copy of his course… I don’t know that he’ll do that this time, but I’m betting he will, so your odds of getting one are probably better than you think.)
>>> #2 <<<
When Bill releases his Forex Income Engine 2.0 course next TUESDAY, December 8th, he just announced this bombshell –
* He’s going to be giving away 8 weeks of complimentary semi-private COACHING to all his new students who join him.
Frankly, I’ve never seen anyone do that before… and it wouldn’t surprise me if you don’t ever see it happen again.
8 weeks of step-by-step “hand holding” with a team of pros can be downright EXPENSIVE if you can even find it… and Bill’s just giving it away to show you how serious he is about helping you succeed.
For more details, see his new video here:
http://www.customforextrading.com/y/?i=1057655&u=2&l=f87
>>> #3 <<<
Finally… for those of you wondering if Bill’s “Flexible Forex” training videos work against the unknowable “hard right edge”, I think this video will answer that question:
http://www.customforextrading.com/y/?i=1057655&u=2&l=f88
In it, you’ll see Bill make a live trade during breakfast, before his day even begins, in less than 20 minutes. You will definitely want to take notes on his approach. ESPECIALLY how he “gracefully exits” the trade.
It’s a keeper.
Don’t forget… this is IMPORTANT… even if you have no intention of joining Bill next week as one of his charter students, MAKE SURE you watch all his complimentary training videos. They teach more “what works now” Forex tactics than many courses you’d have to PAY for. See them all here before he takes the training videos offline next week
Rob Trader – Forex Expert Article Source:http://www.articlesbase.com/day-trading-articles/forex-coaching-giveaway-live-breakfast-trade-1541958.html
http://tradingtoollist.co.cc/
Forex Income Engine 2.0 Review
Forex Income Engine 2.0 is a day trading course from Bill Poulos that provides you with 3 separate intraday trading methods. These methods can be used in any time frame so are therefore ideal for day traders, or people who only have a limited amount of time to trade every day.
I was lucky enough to receive a review copy of the Forex Income Engine 2.0 course prior to it’s official launch so let me give you my full review of this product:
Forex Income Engine 2.0 Course Contents
The course itself is a physical product that is delivered directly to your door. It consists of 7 CD-ROMs, full colour reference manuals in a 3-ring binder, trading blueprints that summarise each of the 3 trading methods and a quick start guide to get you up and running.
The 7 CD-ROMs are as follows:
- Bonus Module – Forex And Trading Basics (51 minutes)
- Module 1 – Background And Overview (39 minutes)
- Module 2 – Ignition Method (98 minutes)
- Module 3 – Overdrive Method (62 minutes)
- Module 4 – Spring Method (67 minutes)
- Module 5 – Forex Brokers, Charting Software And Trading Platforms (85 minutes)
- Module 6 – Bringing It All Together (46 minutes)
Trading Method 1 – Ignition Method
The Ignition Method is a simple trading method that targets short-term continuation trends. Trades typically last between 2 and 6 bars and the profit objective can be anywhere between 10 and 50 pips, depending on the time frame you are trading and the set-up conditions of the trade.
This method, just like the two methods below, employs a two-part exit strategy which helps you to maximise your profits, whilst using a strict stop loss policy to minimize your losses.
Trading Method 2 – Overdrive Method
The Overdrive Method is my favourite method because it’s gets you into a trade near the beginning of some of the strongest trends that occur throughout the day. Profit objectives are in the region of 25-100 pips (depending on which time frame you use) and I have to say that most of the time these objectives are fulfilled.
I’ve been testing this method out on various time frames from 5 minutes up to 30 minutes and my overall success rate is extremely high, particularly on the 15 minute and 30 minute charts where the trends are a lot stronger.
Trading Method 3 – Spring Method
The final method included in the Forex Income Engine 2.0 course is the Spring Method. This method looks for trend reversals and typical profit targets are again between 25 and 100 pips.
The problem with this method is that you don’t tend to get as many set-ups as the previous two methods. However from the limited amount of back-testing I’ve done on this method, it does nevertheless appear to generate some decent profits when set-ups do occur.
I don’t personally think I will be using this method as much as the previous two methods, but it’s certainly a set-up that you need to keep your eye on because as Bill points out in his course, when a Spring Method trend reversal is in progress, you obviously don’t want to be trading either of the other trend-following methods because they will usually fail.
As I’ve already said, these specific reversal patterns do not occur that often so most of the time you can concentrate on trading the Ignition Method and the Overdrive Method, which is what I’ve been doing.
Additional Modules
One thing I like about the Forex Income Engine 2.0 course is that as well as the 3 profitable trading methods, there are also modules covering risk management and discipline, which are two crucial elements of successful forex trading. Plus if you are a relatively inexperienced trader, there is also a bonus module that will teach you everything you need to know about forex trading. So this course really does cater for all traders, regardless of their experience.
Learning The Methods
The methods themselves are relatively straight forward. They all use the same 4 technical indicators and these indicators are commonly found in any charting platform.
Each method is explained in great detail and is demonstrated numerous times using lots of different examples of live trades. However I personally had to watch each video about four or five times before I became fully familiar with the intricacies of each method. It’s the little things like learning where to place your stops, and where to move your stops as trades move in your favour that take the most time to learn.
If you do buy the course, however, you do have an advantage because you are given trading blueprints of each individual method which you can keep next to your computer for easy reference. (I didn’t have this luxury when I received a review copy of this course which is probably why it took longer to learn each method).
How Profitable Are The Forex Income Engine Methods?
I’ve now had time to test out all of the methods and overall the success rate seems to be very high for each of the methods, and best of all they do genuinely seem to be profitable on all the intraday time frames (although I find the 15 minute time frame to be the most profitable).
It’s obvious to me that each of these methods has been tested over and over again because the stop losses and exit points have clearly been designed to extract maximum profits from each and every trade.
In my experience the Overdrive Method is the one with the highest success rate and is easily my favourite method of the three. I’ve been trading this method on the 15 minute charts of the GBP/USD, EUR/USD and USD/JPY pairs and I’ve been experiencing a winning ratio of over 90% in the last week or so. After a while you get to know which set-ups are most likely to be profitable so it almost becomes second nature.
The Ignition Method isn’t quite as reliable, particularly on the shorter time frames, but nevertheless it can still boast a success rate of around 60% in my experience, and even higher if you use the 15 minute chart or above. Therefore it’s still very profitable because you have to remember that the profitable trades will more than compensate for any losses that you may incur because of the two part exit strategy that is employed. Therefore this method still has the potential to increase your account in the long run and I will certainly be continuing to use it on the 15 minute charts.
The Spring Method also appears to be profitable but I haven’t tested it out that much to be honest. You wouldn’t want to be trading this method in isolation because there are very few set-ups that meet the criteria, but to be fair the price does seem to reverse nicely, and therefore generate some decent returns, on the rare occasions when these conditions are met.
Final Comments On The Forex Income Engine 2.0 Course
I’ve always been slightly critical about day trading because I’ve never found any trading methods that have been able to generate consistent returns on these shorter time frames. However I have to say that Forex Income Engine 2.0 is easily the best day trading course I’ve ever come across because the methods themselves, particularly the Overdrive and Ignition Methods, are actually profitable.
What I like about these systems is there is a clear logic behind them. Any losses you incur are kept small whilst the winning trades employ a two part exit strategy, just like I do with my 4 hour trading strategy, in that half the position is closed for a small profit, and the second half of the position is left to run until it’s conclusion, and essentially becomes a free position because you will have moved the stop loss up to break-even by this point.
Another reason why I’m a big fan of this course is that the methods themselves can be used throughout the day if you so wish because they trade a variety of different trading conditions. For example you can use the Overdrive Method to get you into a trade at the start of any strong trends, then you can use the Ignition Method to trade any continuation trends that may occur after a brief pull-back. Finally if the right conditions are met you can then use the Spring Method to trade any trend reversals.
So overall I can highly recommend the Forex Income Engine 2.0 course. It’s not cheap by any means but I think that in this case the price really does reflect the quality of the product. You are paying for 3 profitable day trading methods that you can use for the rest of your life, so in the long run it could easily turn out to be a fantastic investment.
If you’re not entirely satisfied with the product you can always return it within 90 days and receive a full refund, but if you take the time to go through all of the materials and learn each of the methods, I really don’t think you will want to return the product.
Anyway I think I’m ready to wrap up this review now. I didn’t intend it to be this long but I really am very enthusiastic about this course and wanted to get across all of the main points.
If you do have any questions about the course you are given unlimited email support for a year after purchasing the course and if you buy the course from the link below, I will be happy to assist you myself as well via email because I’m now using these methods myself on a daily basis.
Rob Trader – Forex Expert Article Source:http://www.articlesbase.com/day-trading-articles/forex-income-engine-20-review-1519127.html
http://tradingtoollist.co.cc/
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Day Trading Guide- Swing Trading System Automated Forex Trading – Many Advantages
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