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Showing category "Michael Storm" (Show all posts)
Posted by Casey Stubbs on Saturday, March 13, 2010,
In :
Michael Storm
 Hi Folks,
Michael "Robinhood" Storm here, Signing in again here with a potential
trade set up on the USD/CAD pair...
We have been pretty stacked to the short side on the euro dollar
and pound dollar pairs and you know what happens when we get to heavy
with the shorts. That's right, there is a possibility of a short
squeeze and shakeout happening now. See the charts at the close of
thursdays session there were MASSIVE amounts of ascending triangle
patterns on all the charts and... Continue reading ...
Posted by Casey Stubbs on Friday, March 12, 2010,
In :
Michael Storm
By Michael Storm aka Robin Hood.
Hi Folks, sorry its been so long since my last article but the
trading room has grown and my first responsibility is to those traders
that are now a member of our team. We sure do have some boring times.
But they are followed by great times to and you have to be waiting for
the right setups. Here is an EXAMPLE of a few very common setups that
happen just about every day and on just about any given currency pair. 15 Minute Chart *Note Click on... Continue reading ...
Posted by Casey Stubbs on Wednesday, February 24, 2010,
In :
Michael Storm
Hello fellow traders. Here is a swing trade idea for all regarding the
GBP/JPY. Sorry for the lack of posts from myself recently, but our
trading room keeps me fairly busy. Anyway, this one may trigger this eve
or within the next day. See this chart of the Pound yen and you can
see critical daily support is at 138.25. Should this break (as did the
pound last week when critical daily broke... we went down very big), I
believe we shall see a rather large downdraft of a few hundred more ... Continue reading ...
Posted by Michael Storm on Sunday, January 24, 2010,
In :
Michael Storm
 Michael Storm-- Follow Michael on Twitter In the live trading room this subject occasionally comes up of "what books do you recommend" So, I thought I would take some time and make a top 10 list of my favorite books of all time. I have traded for 10 years and read dozens of book, taken many courses, watched dozens of video's etc... and so on. There is no end to the amount of strategies that can be developed. Many new traders can become so fascinated with indicators and strategies because... Continue reading ...
Posted by Michael Storm on Saturday, January 9, 2010,
In :
Michael Storm
 Michael Storm -- Follow Michael on TwitterLosses, what an ugly word. Traders don't like them. Surely they are not fun. But alas, we all get them. How exactly should we deal with them? It has been said that losses can be a gift... a real learning experience. IF... we are willing to learn and be taught. Rather than to simply "delete" them entirely from your memory, look at it this way: The loss is in, we have paid its price, its tuition if you will, and now how can we learn from it? So... Continue reading ...
Posted by Michael Storm on Tuesday, December 29, 2009,
In :
Michael Storm
 Michael Storm-- Follow Michael on Twitter Take advantage of “down-time”. There is not much going on right now. We are in a low liquidity period, wedged between 2 holidays here in the US, we are in the “doldrums” time frame, just like the stock market between 12-2 pm. Why not take advantage of rest, reading a good trading book, sharpening your computer up, etc… This is a great time for taking care of all kinds of stuff that normally doesn’t get done around your home too. Do what... Continue reading ...
Posted by Casey Stubbs on Saturday, December 19, 2009,
In :
Michael Storm
 By Michael Storm aka robinhood. -- Follow Michael on Twitter This is a good question that perhaps some wrestle with or have questions about. Lets examine this closely from a Biblical perspective. Our first and last stop will be…The Bible (all quotations are from the authorized King James version of the Holy Bible). There is nothing like the Scriptures to clear up our understanding. The word “trade” appears 5 times in the scriptures and is in reference to a person’s occupation. As ... Continue reading ...
Posted by Michael Storm on Tuesday, December 8, 2009,
In :
Michael Storm
Michael Storm-- Follow Michael on Twitter
If you are going to be successful in trading there is one thing that is essential for you to get absolutely clear and if you do not you will face trouble. Trading is NOT “gambling”!
Unfortunately many people think it is. This just shows a deep lack of understanding on their parts. IF, you think that trading is gambling you are setting yourself up for a self fulfilling prophecy of failure. Now, before we begin, lets answer this first: Can trad... Continue reading ...
Posted by Michael Storm on Wednesday, December 2, 2009,
In :
Michael Storm
Michael Storm -- Follow Michael on TwitterGood day fellow traders, Here is a great swing trade idea that will be posted today in our new trading room. It is a short entry on the GBP/Usd based upon a daily wave correction. We currently have a lot of resistance at these levels because of trend lines, and daily support that was broken and is now being retested. Take a look at this daily chart:   You can see on this hourly chart that we are getting quite top heavy in this retracement of the ... Continue reading ...
Posted by Michael Storm Storm on Tuesday, December 1, 2009,
In :
Michael Storm
 Michael Storm -- Follow Michael on Twitter Hello fellow traders. What an interesting last few days I have had! Life is a learning experience isn't it? Well, I have learned some things and also have confirmed many things I already knew and just thought I would share this with you. The key I think here is redundancy and backup plans. Are you prepared for a computer crash? They happen at the most annoying times. So, point number one, make sure you have a backup computer and ALL of your trading... Continue reading ...
Posted by Michael Storm on Friday, November 27, 2009,
In :
Michael Storm
 By Michael Storm aka Robin hood-- Follow On Twitter Greeting fellow traders, today I would like to discuss a really great trade that I (unfortunately) missed. I must confess it sort of broke my heart, but we must take comfort in the fact we cannot always capture every trade, but that MORE opportunities Will indeed present themselves in time. This may not be the greatest article, but I feel this is important to look at, as trades like this don’t happen every day. They are rare. Take a look ... Continue reading ...
Posted by Michael Storm on Sunday, November 22, 2009,
In :
Michael Storm
 By Michael Storm aka Robin hood-- Follow On Twitter Hello fellow traders. Today I would like to go over a “swing trade” I placed this week. For me, as a scalper who likes to take advantage of short term pockets of price movements, 8 to 9 hours is a LONG TERM swing! Take a look at the following chart of the GBP/JPY, it is a 1 hour candlestick chart and we can clearly see that within the 5 trading days shown…. We WERE in a tight consolidation range for a while, but then broke to the... Continue reading ...
Posted by Michael Storm on Wednesday, November 18, 2009,
In :
Michael Storm
 By Pro scalper Michael Storm---- -Follow Michael on TwitterOk traders, good day to you all. Today I want to discuss with you the pause that refreshes. Take a look at the following chart and tell me, as a SCALPER, what do these 2 charts say to you? 1 Min Chart  5 Min Chart  This is what it tells me. On the one minute, we had a “double test” of recent highs near 134.23 followed by a one minute sell setup (and the 5 min chart is confirming). So, I entered a position short and b... Continue reading ...
Posted by Michael Storm on Monday, November 16, 2009,
In :
Michael Storm
 By Michael Storm-- Follow Michael on TwitterTake a look at the following 1 hour chart and notice the downward sloping channel. In this chart I have circled a few good 1 hour sell setups. This setup occurs when a current candle is breaking through and or closes below the low of the last candle. We want to take a short when we see stuff like topping tails, which are seen in the narrow range candle bodies that have wicks to the upside. This shows us that prices have “tested” the range highs... Continue reading ...
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Casey Stubbs
I am married to a wonderful woman Deanna we have 5 children. I am a christian serving, The Lord Jesus with all my heart. I am involved in my church and take mission trips every year.
I have been trading since I was 18 when my dad taught me. I have traded stocks, options and forex. When I found forex I knew that I would never want to trade any of the others again.
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