Roth IRA is the best retirement fund to bank on. You can carry out limited investments throughout the tax year and can withdraw the sum within five years of opening the account provided you are fifty nine and a half years or older. Read more…

Yesterday, Slovakia‘s much anticipated vote on the expansion of the EFSF threw another roadblock in the containment of the sovereign debt crisis in the eurozone. Slovakia was the last nation to vote — and the only to vote no.

There is still another vote coming, and the opposition is making some pretty strong demands of the current government in exchange for cooperation. As for the eurozone, this is just more proof of how slow things can move — the decision to expand the bailout fund has been in the works for months.

For now, the news isn’t affecting the euro that much in forex trading.

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Trends are confirmed by volume

Dow theory states that volume confirms price trends.  Volume should increase in the direction of the primary trend. In a primary bull market, volume should be heavier on advances than during corrections. When prices move on low volume, there could be many different explanations why. An overly aggressive seller could be present for example. But when price movements are accompanied by high volume, Dow believed this represented the true market view. If many participants are active in a particular security, and the price moves significantly in one direction, Not only should volume decline on corrections, but participation should also decrease.

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Dear Martin

Today I learnt something that was glaringly obvious and I know will help me and I believe it will help all other PAT traders including you.

When reading the content of the chart and asking what is in the box and piecing the story together when you have built up your belief just as you are about to place your trade STOP!!

Ask your self why shouldn’t you take the trade if you can ask that question and go through that process again with the same focus asking why you shouldn’t enter the trade and can find no reason not to then it is the right time to enter.

This is equivalent to a scientist having a hypothesis and trying to prove it incorrect if it cannot be proved to be incorrect it is correct

The same as a reciprocal in mathematics and the effect of a cause.

I believe this has helped me and would like to share it with others including yourself so as this simple process can help us all achieve consistent success.

I decided to post this message from Paul as it reminded me of something that I do in automatic mode before every trade.  This has become so automatic for me it took Pauls mail to remind me.

I always say to myself  “What would you have to see to prove you wrong” I then monitor the early stages of that trade to see if indeed anything shows that might prove me wrong.

Have a great day

Martin