“You can be free. You can live and work anywhere in the world. You can be independent from routine and not answer to anybody” - Dr. Alexander Elder, Trading for a Living

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Dr. Alexander Elder in Estonia

Alexander Elderi videotervitus fännidele! from Äripäev on Vimeo.

May 16, 2017

Thanks to several readers who sent me reminders that they have not seen my letters in a while. I hope that my strong bullish call on Mexico when that country's market was in the doldrums in February has worked out well for you.

It's good to know that my readers are interested. I post in several times each week - my market comments, answers to questions, and even journals of some of my trades. Take a Trial membership and see for yourself.

And now, let's turn to the current chart...

Click here to enlarge this chart (only when you're online)

As you probably know, I insist on analyzing any market, stock, future, or currency in more than one timeframe. I usually make my strategic decision to be a bull, a bear, or to stand aside on a weekly chart. Having made that decision, I drop down to the daily chart for precision timing and setting entries and exits.

Click here to


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New Releases

Introducing New elder-disks (version 4) for TradeStation

We have just released an important upgrade of our popular elder-disks for TradeStation. The basic version adds Force Index with ATR Channels - the tool Dr Elder likes to use for catching intermediate trend reversals. It also includes a brand-new Risk Control Tool for managing risk, stops, and trade size. The Enhanced version includes MACD Divergence scanner and adds Force Index Extreme scanner (must have Radar Screen to operate). Finally, the Scanner version only includes those two scanners.

Click here to learn more.

Introducing New elder-disks for MetaTrader and ProRealTime

The latest version adds a unique tool - Force Index with ATR channels. It offers a powerful method for catching trend reversal zones.

UPGRADE PRICING available: if you've bought an earlier version, pay only the difference between old and new to receive the latest software. Email to be invoiced.

Click here to learn more.

The Trading Puzzle: Book TWO

SpikeTrade is a members' website, to which its leaders contribute several educational components. This e-book contains only those questions and answers from 2012 which are still relevant today. Edited for a smoother flow and organized into chapters, they will remain useful and valuable for years to come.

Click here to learn more.
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