Friday, February 24, 2012

5 Tips To Help You With Your Forex Trading

Forex trading started gaining popularity with the advent of retail brokers and a low cost of entry.  While some look upon the forex market as a scam, my opinion is different.

I think there are some big benefits in trading the spot forex market especially if you are new to trading.  Forex is an efficient market that allows you a low cost of entry into the trading business.  While the get rich quick stories are more fable than fact, if you are in trading for the long haul, you should throw get rich quick away now.

Here are 5 tips to help you with your forex trading.

Start with a demo account.  Every broker with its weight in coal will offer you a forex demo account to try out their platform and practice trading.  Take advantage of this virtual paper trading account until you are ready to risk real money.

Start small.  It’s a great benefit that many brokers let you open an account with very little money.  That allows you to avoid serious trouble.  If losing $50 breaks you, you are probably in the wrong business.  While you won’t get rich funding accounts with $50 or even $500, it’s better than paper trading because it gives you the actual feel of risk, as well as making or losing real money.  There are other ways to trade with limited risk, such as binary options and financial spread betting if you are in the U.K., but nothing is as easy as it sounds.  Make sure you do your proper due diligence and understand the risks involved with these.

Stick with a handful of crosses.  There’s no reason to watch every single cross in the forex market.  Focus on the big boys like EUR/USD, USD/JPY and AUD/USD and AUD/JPY each day, and add in whatever catches your fancy when you do your beginning of the week analysis. By getting the feel for how just a few of the crosses trade, it will make expanding to other crosses that much easier.

Shut out the noise of news and concentrate on the charts.  Because forex has such big volume associated with it, it can be very technical.  Like stocks and futures, avoid the noise that news brings with it and focus on your favorite chart patterns and indicators. Your personal volatility level will likely subside greatly.

Put in the work and stop looking for the short cuts.  Learn how to trade and not rely on robots and super touted systems. These are almost as bad as the super gurus tat turn a molehill into a mountain, only to lose it all because they were “distracted”.
Let me know what you think of these tips by leaving a comment below or contacting me at tinymjs at gmail dot com.


No real gap

No real gap to start the day, so I will be in wait and see mode early on


The Biggest Mistake Stock Traders Make

I posted an article to the website

Check it out here:


Thursday, February 23, 2012

S&P Video for Friday, February 24th, 2012

Not Nice

This impusle is not nice.  After an ABC up, look for 80 to be tested if it follows



Looks Terrible

Kindle this!

This looks terrible, and if we are close to a bigger pullback than what we have seen so far this year, watch this one to be a downside leader.



One I've Mentioned

I mentioned this one to my e-mail list (sign up at but so far it's been pulling in.  Possible support sits here, and then the next level would be under 4.

CLDX for your perusal


One to Watch-LNG

Nice looking Bull Flag, dontcha think?  See if it can get and stay above 15 this time


Last Call for the Scam Artists!

Tthey are rounding up the scam artists!  It won't be long beforte the biggest one ever to inhabit the earth with his bad breath gets taken down.  their partner too!

Free trials are a great way to try out a service (I take them ALL the time), as long as the complete terms are disclosed.  If not, RUN THE OTHER WAY!

Contact the FTC,your State Attorney General, and the SEC If a stock market super guru scammed or front ran you.



Tuesday, February 21, 2012

My Apologies

I've been seriously slacking off on the blog the last several weeks.  I started some new work, and it involves teaching an intensive 8 week course, 1 hour per day, 4 days a week on trading. I "skeletoned" out the course (outlined it) but wanted to keep the charts fresh, so I usually don't complete the days presentation until the day of.  I didn't think this would ever be an issue, because there is a deadzone during the day, and I shouldn't be trading then anyway.  Unlike the super gambler gurus who think they have to trade every minute, every day, even when on a plane or before someone's funeral.

That's still no excuse for slacking off on the blog.  The remainder of this week will be tough, and next week I'm doing one on one training with a trader, but come March, I should be back in at least a more active groove then I am now.

Thanks for the e-mails, they mean the WORLD to me. I especially love the ones from the people that have left the super guru scam artists.  It makes my heart pitter patter.

If you aren't attending the Sunday night strategy sessions, you are missing out, and that's not just my late night ego talking either!  I've gotten tons of messages from people saying they are so glad I'm doing these and for free no less.  Check one out by signing up to my daily email list at for instructions on how to join us each and every week.

See ya Sunday at 8PM Eastern.


S&P 500 Video For Wednesday, February 22nd, 2012

While things settle in

We gaped above Friday's range and are now back inside of it.  Support is at 1359.50, followed by 1357.


Monday, February 20, 2012

S&P 500 video for Tuesday, February 21st, 2012

The Hag Is At It Again!

That flea ridden ugly piece of garbage hag from Indiana is at it again!  Spreading false rumors and being her normal shit-stirring self.

She should take her 3-seater son and go for a long ride off of a short road.  Everyone would be better off in the end.

Sunday, February 19, 2012

My Review of Barboncino Pizza, Brooklyn, NY

This is a financial blog, so why the food talk?  Well, for those that don't know, I was once sued for 35 million smackeroos, and one of the reasons was for talking about food in a chat room I was running.  I now always take the time to talk about food whenever possible.  

Full Disclosure:  I know Ron Brown, the owner of Barboncino for over 10 years.  That being said, this review is honest and unbiased.

I decided to finally visit Barboncino after threatening to go for a few months.  Despite $25 in bridge tolls (absolutely ridiculous) to get from Joisey to Brooklyn, I took the chance that the food was going to be that good to offset it.  I brought two of my best friends, Andrew and Joe and headed out.

I was told by my brother in law that the neighborhood was not a good one, and Joe was given the same warning by his brother.  It's certainly not Park Avenue, but its up and coming and we didn't feel at risk, and Joe didn't mind parking his Infiniti on the street. The street was pretty active with people.

As we entered, the first person I recognized was Ron's wife Jane, who is one of my favorite people, despite not seeing her in probably10 years. Joe and Andrew quickly fell in love with her, as she is one of the sweetest people in existence and has a purely genuine nature about her.  Joe was (rightfully so) bragging about his kids and his wife's amazing cake creations by showing pictures from his iPhone and Jane was truly blown away.  His favorite comment from her, after seeing Joe's wedding picture was "wow you look really cute when you are thin".  Classic!  Since Jane was born just outside of Philadelphia, Andrew immediately went to work, as he is a Philadelphian by transplant.   

I caught up with Ron and Jane for a bit, and then we went to work dissecting the restaurant.  Why here? What was it before this? Aren't you a filmmaker?  Why a pizza shop?  Are you a chef?  He was just hit from every angle and answered everything in stride.

Ron walked the streets of Brooklyn for 11 months looking for the perfect location.  Since he lives in Manhattan, why Brooklyn?  He feels that Brooklyn is the best place for the "little guy" small business owner to flourish since real estate is more affordable.   He had a "before" picture of the space and it was your typical disaster.  He said that you could see right into the bathroom in the apartment above. Ron GCed the entire job with day workers, and the care that went into the design can be seen through every inch.  The bar is gorgeous and the dining area is inviting and more roomy that it first looked.

Ron is a film maker but has owned 6 food service related businesses.  All the recipes are his.  Joe immediately recognized the oven as a Ferraro and went into a heated (pun intended) conversation about how great they are.  Ron says it cooks a pizza in 90 seconds.  He then went on to talk about how his dough takes 3 days to rise, and the quality he uses and how this is a true Neapolitan style of pizza.  Whatever, it just looked awesome.             

Having seen pictures, I knew the pies were more of the personal size, and since all three of us are big eaters (not really Joe, but he has BIG EYES) we were anticipating ordering 6 pies, and appetizers. We didn't quite get there.  After talking and waiting for a table to open, we were there smelling the deliciousness for about and hour and were starving.  We finally sat down just before 10PM.  By the way, they serve food until 1AM.  

We started with the meatballs, the salumi board and the roasted peppers with Buratta.  Here we go, food time!

The meatballs were very good.  Andrew and Joe felt they were excellent, but I think my wife and mother in law make the best meatballs, so I'm extremely biased.  I felt they were very good, and would absolutely get them again.  The salumi board was good, but the highlight for us was the pizza pane they serve with it.  I have the luxury of being near one of the best Italian Salumerias in New Jersey, so the meats were not impressive to me, because I've had as good quality meat many times.  I'm not knocking the dish, but there's a limit you can get to with mortadella and it's cousins. It was high quality, and gobbled up almost before it hit the table.

The highlight of the appetizer selection for me was the fire roasted peppers and Buratta. OH! MY! GOODNESS!  The peppers were ridiculous and the Buratta cheese was so good, I immediately ordered more as soon as I tasted it, because I knew it wouldn't be enough. Andrew said it tasted like a combined ricotta and mozzarella and that is a perfect description.  I couldn't stop talking about it, and still can't.  They don't make the cheese there, but buy it super fresh locally and you can tell.             

Pizza time!

We ordered three pies to start.  The clam pie was a must, then we decided on the mushroom and sausage (white pie) and a red pie for the third, so we choose the magherita. We hit the magherita first.    

Ron had told me that despite the oven cooking at 900+ degrees, the pie would come out a little soft.  If I liked it crispier he said, I could ask for it that way and they would accommodate me.  I decided to try out the pie the way they make it.

I'm a bread guy, so I don't mind the crust being on the soft side, but it was the one issue that Andrew had with the pizza.  He thought the toppings and overall flavor was amazing, but likes his crust crispy.  So do I, but as I said, I didn't mind it.

I felt the magherita was very tasty, but I like more cheese on my pizza, I'm not a sauce first kind of guy.  Joe and Andrew (crispiness issue notwithstanding) thought it was delicious.       

The clam pie was yet to come, so we dove into the mushroom and sausage pie.  Joe loved this pie, mainly because it wasn't overwhelmed with mushrooms.  We frequent another pizzeria, and love it, but they pile on the mushrooms on their mushroom pie and it makes it soggy.  This pie was nothing like that, and was outstanding in taste and texture. We all loved it. 

And now.....the clam pie.

They serve the clam pie with a lemon squeezed on top, but I was having none of that, so I grabbed the waiter after I ordered it and averted a disaster.  I'm sure for those that enjoy lemon, it would be a nice touch, but since I don't, I wasn't taking any chances.  How was the pie?  Well, I'll put it this way, after one bite, it became one of the top three pies I'd ever had.  The combination of the clams with the cheese and  parsley butter made the pizza a truly amazing experience.  I ordered one to go but my wife didn't want it by the time I got home, so we ate it today at 9AM.  It was a reheat (but we do have a pizza stone in the oven) and she still loved it.  I liked it, but was spoiled since I had it fresh the night before.

We quit at 3 pies (wimps!) but did decide on some gelato for dessert.  They have 6 flavors to choose from: Vanilla, Hazelnut, Espresso, Dark Chocolate, Pistachio, and the one with three milk that I cant pronounce or currently find on Google..  I got pistachio, which even though Ron said wasn't his favorite I couldn't resist, Joe got the three milk one and Andrew got the waiter's suggestion:  One scoop vanilla, one chocolate and one the three milk flavor.  They both suggested that we add some sea salt onto the three milk flavor and while I only had 2 spoonfuls of Joe's gelato, the salt made an amazing difference on the second spoonful.  I had a cappuccino and Joe had a double espresso but was warned that it was very strong.  He was not disappointed.    

Our waiter was attentive and pleasant and answered all our inquires with honest responses.  I purposely watched the other wait staff and bartenders, and everyone seemed pleasant and helping.  This is often times taken for granted, but there is nothing that will ruin your meal quicker than a waiter or waitress that is pompous, or worse, a jerk.

As far as price goes, I thought it was going to be a bit on the expensive side, but all in, it was actually affordable, and no one thought for what we got it was at all expensive.  We were full and satisfied and got out for less than we expected to pay for a meal in (the slight outskirts of) NYC.

Ron told us that he had sunk every dime he had and could borrow into this venture, and the quality and care put into each and every detail is a true testament to what having your back against the wall can lead you to accomplish.  You can see it, and more importantly taste it in every single bite.  Don't miss the chance to dine here if you have the opportunity.

Finally, I wish I was given the opportunity to invest in this place.  Anyone that was and turned down the opportunity is a bigger moron than can be contemplated by this feeble mind.


Open 7 days/week
Serves food until 1AM


$32 in tolls to get there for me ($25 was just the bridges)
Not big enough so......
Prepare to wait during prime time Thur-Sun (just grab a cocktail if that's what you do!)
It's too dark to read the menu (get the flashlight app for the iphone)

781 Franklin Avenue, Brooklyn NY 11238

Michael "tiny" Saul

Saturday, February 18, 2012

Sunday Night Strategy Session

Even though it's a three day weekend, we will be having our Sunday Night Strategy Session on Sunday at 8PM Eastern on February 19th.

Join me, it's free!

Sign up for the e-mail list at and get the directions on how to join the session.


4 New articles have been posted on the website

I posted 4 brand new articles on the website this week.  Topics include:

Fundamental Analysis
Window Dressing
Biotechnology Investing

Go now and read them at


Friday, February 17, 2012


So far we have not had much fade on the gap off the opening.  A few points and the Bulls stepped right on in

We are at short term resistance here so we could see a little pause, but I'm not expecting much movement today


Video for Friday

Sorry everyone, but the audio did not record for Friday;s video

In a nutshell, I said I didn't expect much today being that it was Option expiration as well as being ahead of a three day weekend

I was watching for 2 way action early, and then maybe a push in the afternoon.


Thursday, February 16, 2012

S&P 500 Video for Friday, February 17th 2012

Into the close

The multiple choice question for today is if the Bulls will:

A) Push their agenda into the close and take us out at highs?

B) Stay quiet, but supportive for the afternoon and admire their gains for the session?

C) Take profits and allow the Bears to get out alive?

I think A) or B) are more likely, and if we do see a pull in I don't think it will be much of one.


Bust out

The aggressive Bears from yesterday are now rethinking their plans as the Bulls refuse to give up.

1353 is a key and critical level, it's the 78.6% Fibonacci retracement measuring from yesterday's (premarket) highs to today's (overnight) lows.  Above that suggests new highs on the year including overnight action, below that says we may get a retest down

As of right now, breadth is at highs of day at nearly +1400 and the price action is bullish

One little wrinkle could be a challenge at the day session highs of yesterday that could make a double top



The market is churning here at the highs but we are only up a few points

The gap filled, but it wasn't a big one so that wasn't a big deal.

Breadth is moderately bullish, but nothing screaming.

Can we break out here?  Perhaps, but for now it's wait and watch

As I finish this up, we are trying to break


Small gap

Small gap down, and while we look like we want to try and push up, it;s not big enough for me to fade off the open as per my rules I'm in wait and see mode for now tiny

Tuesday, February 14, 2012

S&P 500 video for Wednesday, February 15th, 2012

Justin Bieber is the man!

I've just become a fan of Justin Bieber.

Anyone who does this deserves the success that they have.

Publicity opportunity, whatever the haters will say, I wouldn't care if he staged a press conference announcing it, he still did it, and that was awesome.

By the way, don't think that all pop and movie stars and athletes "have to" do this, some of them are real scumbags, I've heard stories from people that were involved in real charities, not just the phoney ones that were opened so the super gurus can scratch their scabs.

Anyway, go Bieber!

tiny .

Monday, February 13, 2012

S&P 500 video for Tuesday, February 14th, 2012

Levels to watch for Monday, February 13th, 2012

Decent size gap up to start the week.  I'll watch it for a fade .  We are currently at Thursday's Point of Control, so we should get a tip of the hand by the market  early.

S&P 500 Futures levels of interest:

Recent high: 1352.75 (2/9/12)

Overnight highs: 1352.25
Overnight lows: 1242.75
Gap fills at: 1341.25

Lap fills at: 1340.25
Top of Friday's Value Area: 1338.50
Bottom of Friday's Value Area: 1335.50
Friday's Point of Control: 1336

Value Areas and POC are based on Volume, not TPOs.

Trade well,


Saturday, February 11, 2012

This week's Sunday Night Strategy Session 8PM Eastern!

I'm back and ready to rock and roll!  This week, the Sunday Night Strategy Session returns to it's usual start time of 8PM Eastern.

Join the list at and have instructions emailed to you with instructions on how to attend.'s 100% free to attend.

See you there!


Tuesday, February 7, 2012

The Blog Will Be Dark

The blog will be dark this week, as I'm doing some one on one mentoring.

The blog will be back to full strength next week


Saturday, February 4, 2012

Sunday Strategy Session

This week's session is at the special start time of 3PM!  It will be over in plenty of time for you to get to your SB parties!

Join the list at and have instructions emailed to you on how to join.

100% free to attend.

See you there!


Super Bowl 2012 Picks

Here we go, my world famous Super Bowl picks.

Last year was another stellar year.....if you went against me!

This is for entertainment purposes only, I don't bet on sports anymore.  I'm not just saying that either, its the truth, not like the "truth" spewed by a criminal I knew that would screech about how he didn't gamble, and then missed an event where people paid thousands of dollars for him to attend because he went to bet horses.

Anyway, here are the picks:

Patriots -2.5, -3 whatever-  Brady will get his revenge 3 Units 
Patriots with the money line-  If I like them to cover, I like them straight out 3 Units
Over 53.5 or 54- Should be an offensive battle 2 Units

Prop bets:

Will there be a lead change in the second half- Yes +125 1 Unit
Exact number of Field Goals- 5 +600 1 Unit
NY Giants first scoring play of the game- Rushing TD +300 1 Unit

And that's all folks!


Friday, February 3, 2012

Big gap up

Big gap up off the Job numbers

We look to be forming a bullish pennant here

Ill be watching for a fade, but we may want new highs above the overnights first, so I'll be waiting a few.


Thursday, February 2, 2012

S&P 500 video for Friday, February 3rd, 2012

6 More weeks!

Getting careful here

Failure to break to new highs basis the S&P has me cautious here on the upside.

I was expecting a "bob and weave" day, and so far it's coming to fruition, but be aware as we head back to the lows.


Russell 2000

The Small cap benchmark Russell 2000 has broken through key resistance.  If this holds, and not just today, but after a few days, it suggests a retest of the all time highs, at a minimum.