The means and strategy for generating consistent trading profits in ever changing markets. Rules based trading explained. Take advantage of the most sophisticated price trend filtering service previously not available to general public. Take emotion out your trading. Eliminate guess work.

Many "tried and untrue" trading myths explained and dispelled.

Feb.2/07

Last post in Nov.06. Quote. "There still remains some near term downside potential for gold for another $10 or so, and that should complete the correction leg of the upside move. Next target? Around $646 followed by $670. Theories are fun and nice, so lets see what actually happens."

All right. Had our fun and games trading Gold futures. Hit the targets. Took the profits.

Next is the tremendously oversold Canadian Dollar/ USD cross. Yes. Canadian Dollar is oversold on the technical basis. There is simply no fundamental justification for this "SALE" price to carry on. We are days away from a reversal, possibly even hours. All the traders are bored and even though there is still some downside potential that remains, we are just about done with the down move. Major uptrend in $Cad will resume.

First set of targets is .86 followed by .88 cents. I am rounding the numbers and am looking at the near term futures prices. If you trade the currency, do the math.

Good luck to all the sellers of Cad. You are going to need it.

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