Posted on August 13th, 2008 at 09:37 AM

There is a question in the comment section on RIMM :

With RIMM (RIMM), now that we have got a blue XTL & price is trading above the .618 retracement level (using the June high to July low) is the previous short trade idea negated?

Posted on August 14th, 2008 at 07:33 AM

Oil (USO) showed a buy on the daily chart on July 30th.  The reward / risk on the trade was just over 4 to 1.  The trade was stopped out for a loss 3 days later.

By Ed Ponsi, a globally recognized lecturer and teacher and the former chief trading instructor for Forex Capital Markets*
Posted: August 15, 2008

In an effort to continue better understanding the problems confronting the U.S. dollar and how they affect the wealth, savings and future of U.S. citizens, let's pick up our discussion from Part I of this article from where we left off. It is vitally important that we understand the nature of the problem in order to understand the possible solutions. With that goal in mind, let’s examine the U.S. Dollar Index (USDX) in greater detail.

By Alan Farley, editor and publisher of Hard Right Edge*

Candlestick charting found its way to the western world in the 1990s. Since then, it's become more popular than simple line or bar charts. But, traders still misinterpret these marvels of technical analysis in spite of their wide usage. The problem lies in the failure to interpret candlestick patterns within the context of other price action.

The candlestick's real body shows layers of movement within a single time period, highlighted by the relationship between the open and close of the price bar. The real body gets one color when the open finishes above the close and a different color when the close finishes above the open.