Friday, January 25, 2008

First Few Trades Most Profitable


Over the past several days or weeks, I have noticed that the first few trades of the day are often the most profitable, especially in a period of uncertainty. I believe that prices for all commodities will remain well supported, even if the markets consolidate, because Fed easing in the shadow of the ECB holding their rates higher to stave off inflation, is bound to reignite inflation for which America will pay a very dear price in the not-too-distant future. I have marked these early trades with arcs. Tradesation, unfortunately, doesn't have better methods of marking these trades without obstructing the view of the charts themselves.