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Gooooooood morning all.  We had an exciting day in the markets.  Crude oil sold off heavily no doubt due to the easing hurricane threat.  The dollar is up, and as a result commodities across the board sold off.  After an hour or so of trading this morning most commodities recovered most of their losses on the […]

Hey friends and loyal readers.  This will be a short and incomplete update as orders are still in process.  But I did want to leave an update on the status of the coffee market.  Tuesday Aug. 19 left me the final confirmation of an intermediate trend change via the MACD Histogram.  The %R and Relative […]

Case Study Entry 3
Can a Hobo go from 0 to financially independent in 6 months?
Plan your trade and trade your plan they always say. And that’s what I’m doing here for all to see. It’s not that I want to expose my personal finances but I have a problem with the pool of experts and […]

Ok, it’s about time for the second entry in what is to be an empirical Hobofinance case study testing the veracity of Hobofinance philosophy. It will last about 8 months or so, depending on the performance of the coffee market. We’re into the second week of August 2008 and the time is damn close if […]

As my old martial arts instructor used to say, “Everyone has a plan until they get punched in the face”. Trading is no different. Well, not true. Traders get punched in the face a lot more often than martial artists. And when they do they tend to hit back by throwing good money after bad, […]

Lesson 2:
Back for more?  OK.  You’ve figured out that if you put your $20 Grand in stocks or funds and it makes 10% a year after 5 years you’ve made about $12,000  plus the original $20,000 and you now have about $32,000.  If you made 7% a year you made about $8,000 after 5 years and have $28,000 […]

Lesson 1:
Lots of people have gotten rich in Real Estate.   Lots of people have lost money too.  You didn’t hear too much about the losers until the recent foreclosure debacle.  It’s like gambling in Las Vegas.  People only like to tell you when they win.  Somehow the losing part,  they get amnesia (I broke even, […]

Listed below are the top five hobofinance recommended free commodities futures websites.  If you trade or invest in commodities futures it is essential to have accurate up to date information. This doesn’t mean hanging on every piece of news issued; it means reducing your information intake to consistently actionable information and ignoring the rest. Below […]

Trading a breakout is a strategy based on the notion of inertia; that an object in motion tends to stay in motion unless acted upon by an outside force. In this case the object in question is groupthink. Stagnant stock or futures prices typically cause lethargy in market participants, with no one willing to rock […]

There are two ways of assessing a market’s future direction, both of which are necessary to trade well. The first method is fundamental analysis. The second is technical analysis.  Fundamental analysis looks at real world supply and demand figures for a certain commodity, as well as macro trends in production and consumption. For long term […]