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The Origins of All Star Charts with Founder J.C. Parets: Limit Up!

Posted by TopstepTrader on August 04, 2019

Today’s guest is certainly something special. If you’ve been in the trading industry for very long, there’s no doubt you’ve heard the name  J.C. Parets before. J.C. is the founder of All Star Charts, and one of the most widely followed technical analysts in the industry. Jeff and J.C. cover a wide variety of topics from baseball to chess to wine while breaking down some of the most spot on technical analysis of the markets you’ll ever hear.

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Topics: Limit Up!, MARKet Reaction, Jeff Carter, Leadership, All Star Charts, Technical Analysis

Funded Trader Yose Travels from Dominican Republic to Chicago to Talk Shop

Posted by TopstepTrader on August 04, 2019

Some of you may know Yose. He's one of our favorite success stories here at Topstep. Since getting funded, he has become a formidable futures trader, quit his day job, and secured major outside capital to back his personal account. We're thrilled to have been part of his journey, and lucky to have had him in the Topstep Studio this week, all the way from the Dominican Republic. Traders of all levels can learn a lot from his insights, so we certainly hope you check out this very special episode of the Topstep Weekly Preview. Enjoy!

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Topics: TopstepTrader Funded Traders, Trading Lessons, Futures, Equities, Yose, Weekly Preview, Fed

Professional Wrestling Fans Should Love These Markets

Posted by Jack P. on August 01, 2019

The news driving markets continues to play out like a professional wrestling match. There's a little bit of everything: heroes, villains, threats, heel-turns, over-dramatic commentary. The only major difference is that at least a handful of people at a wrestling match presumably know exactly how it will end (apologies to any readers if we just ruined the magic of the WWE).

Now would be a good time to get caught up on the action so far...

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Topics: Market Updates, Futures, Equities, Fed

Trading with No Limits: TopstepTrader Founder Michael Patak

Posted by TopstepTrader on July 30, 2019

Today’s guest is a special one for Limit Up! As part of our birthday celebration this month, we thought it would be a great time to bring on our Founder and Chief Vision Officer Michael Patak. Michael takes us through his beginnings as a trader, his experiences deep in the pit, and how the move to the screens changed everything. Finally, hear how Michael started TopstepTrader with a community focus and how, at its heart, the company seeks to make the individual trader feel part of that community.

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Topics: Limit Up!, Michael Patak, MARKet Reaction, Jack Pelzer, Jeff Carter, Leadership

Trade Settlements Like a Pro: Topstep Moment of the Week

Posted by TopstepTrader on July 30, 2019

Topstep performance coach Dan Hodgman made his triumphant return to the Trading Futures with Anthony Curdele show last week to discuss his old friend, the 30-year Treasury Bond future. Diving into the charts, he will show you to frame the market and make smart trades around settlement prices like a pro. 

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Topics: Trading Lessons, Futures, U.S. Treasuries, Anthony Crudele, Dan Hodgman, Topstep Moment

Could a 'Hawkish Cut' Lead to the Next Major $USD Rally?

Posted by Mark Meadows, TopstepFX on July 29, 2019

In November 2017, the Bank of England hiked interest rates for the first time in 10 years. The market dubbed that a “dovish hike,” encapsulating the idea that though the BoE hiked interest rates, it provided forward guidance that made it very clear it would not be hiking in the near-term future. Then, Brexit uncertainties grew and the BoE has not hiked interest rates since.

Right now, the market is high on euphoria around the Federal Reserve lowering interest rates. But what happens when it’s a hawkish cut? The Dollar gets sent on its next leg higher, that’s what.

Our base case: the Fed rate cut will be the impetus for the Dollar to strengthen—maybe not immediately, but in the days and weeks after.

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Topics: US Dollar, EUR/USD, trading strategy, TopstepFX

Gold Poised for Breakout Move: Higher or Lower is the Question

Posted by TopstepTrader on July 25, 2019

Gold has been rallying in 2019, but the advance ran out of juice in recent days and prices have come down from six-year highs near $1450 seen last week. It’s not clear if the recent dip is just a pause in a bull market or the start of a bigger reversal to the downside. An answer to the question is likely before month-end.

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Topics: Gold, Futures, trading strategy

7 Greatest Trades of All-Time: How Jesse Livermore Made $100-Million Shorting the Crash of 1929

Posted by TopstepTrader on July 24, 2019

(AP photo via Wikimedia Commons)

In honor of the 7th anniversary of TopstepTrader, we'll be releasing a series of blogs that breakdown the 7 Greatest Trades of All-Time. That's right — from bartering beaver pelts to the Great Recession, we've tracked down the 7 most successful trades in human history (at least in our opinion), and we will bring them directly to your browser over the next two weeks. 

To kick things off, we take you back to a time before high-speed microwave trading lines and well… before actual microwave ovens too. This is the story of how Jesse Livermore shorted the Great Stock Market Crash of 1929 and made $100-million in the process — along with a number of enemies. 

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Topics: Jesse Livermore, Equities, trading strategy, trading history, Greatest Trades

Crude Oil Advances on Geopolitical Unrest, But Turns Away from Key Resistance

Posted by TopstepTrader on July 23, 2019

Crude oil prices moved higher Monday as events in the Straight of Hormuz continue to raise concerns about possible disruptions in supply. Yet, at $56.25 per barrel, prices remain well below levels of more than $60 seen just two weeks ago. In fact, sentiment seems to have turned somewhat bearish due to concerns about a weakening global economy and waning demand.

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Topics: Crude Oil, trading strategy

Take a Look at the Up and Down Dollar Action Ahead of a Fed Rate Cut

Posted by TopstepTrader on July 22, 2019

The dollar is experiencing notable ups and downs amid changing interest rate expectations lately. The volatility comes ahead of the Federal Reserve’s next rate announcement, which happens just a few hours before markets close on the last trading day of the month. Also making things interesting, a bunch of key economic reports are due in the days just before and after the anticipated rate cut.

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Topics: US Dollar, trading strategy, TopstepFX

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