Edition 721 - April 6, 2018
Chart Scan with Commentary - Charts Can Talk
by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed
A chart can tell you which way prices will soon go. Your job as a trader is to learn how to read the language of the chart.
Crude oil prices had been in a very long period of consolidation from December 1, 2016 to March 7, 2017.
Consolidation periods are loaded with 1-2-3 formations, but most of them fizzle, and go nowhere. At times you will see a 1-2-3 formation followed by a Ross Hook, but the Hook also fizzles. Nevertheless, as you can see on the chart below, a 1-2-3 followed by a Hook (H), and then another Hook (H), starts loudly telling you which way prices are going to break out from the consolidation. What you actually have is an established trend taking place within the range of the consolidation.
Next, look below prices at the volume section of the chart (blue arrow). Starting with the time of the first downward Hook (H), there were 6 days of down-closes, and only one day of an up-close. Prices screamed “go short” by giving us a reversal bar (RB) with a Traders Trick Entry (TTE).
© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
Trading Example: Instant Income Guaranteed
Philippe Gautier: Administration and New Developments
Developer: Joe Ross
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© by Joe Ross and Philippe Gautier. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
Trading Article - Don’t spread a losing trade!
by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing/Day Trading, and
Editor of Traders Notebook Complete
While it is good trading to spread a winning trade if you feel the need to hedge your position, never spread a losing trade. Simply exit the market. The usual net result of spreading a losing trade is that both sides may be taken off at a loss. If you can not admit you are wrong, or know what price your trade is wrong, you have no business trading. Spread trading is best initiated after the spread trend has been defined and both trades are entered and exited simultaneously. Spreading a loss converts one mistake into two.
When might you want to spread a winning trade? You do so ahead of a report which might have an adverse result on your trade. You do so when you hear a rumor or piece of news that might cause the trade you are in to turn from a winner into a loser.
Why not just get out and get back in after the report? Because it is often best to “stay in the water” if you want to catch the next wave. If you are in a spread, you are already “in the water.” If you get out, you run the risk of not being able to get back in.
Andy Jordan is the editor for Traders Notebook which shows you Futures Trading Strategies in Spreads, Options, and Swing Trades. Learn step-by-step how to trade successfully.
Click Here for Valuable Information about Traders Notebook
© by Andy Jordan. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
Last chance for big savings!
by Professional Trader Marco Mayer
Educator for Forex, Futures and Systematic Trader
Creator of Ambush Trading Method, Ambush Signals, and Head of AlgoStrats.com
Marco Mayer's offer will expire today, March 30th!
Ambush hits new all-time equity highs in 2018!
Many traders have taken advantage of Marco's offer and so should you!
These savings will end today, March 30th - don't miss out!
Save $215 Off Regular Price for a 6-Month Subscription!
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Save $629 Off Regular Price for a 1-Year Subscription!
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Yes, Ambush did it again as most of the Ambush markets and portfolios just hit new all-time equity highs in March!
Trading has been tough for most traders so far this year, especially due to the crazy correction we had in the stock markets in early February. This lead to higher volatility in many markets mixed with a lot of uncertainty and crazy market moves.
That’s a recipe for disaster for many trading strategies but for Ambush it’s one of the most favorable market conditions. And oh boy did it rally during that period .The Ambush Small Portfolio, for example, showed a performance gain of over 11k within just four weeks of trading!
Thanks to that rally, almost all Ambush markets are now showing nice gains for 2018 and the year just started. To give you a better picture, here’s a chart showing the performance of all Ambush Futures markets (per contract) so far in 2018:
As you can see, only RBOB Gasoline is left with a slightly negative performance and especially the equity indices like the E-Mini S&P 500 (ES) or the E-Mini Russell 2000 (RTY) have been exceptional performers.
Now, this is just a tiny part of the whole Ambush history, so let’s zoom out and have a look at the broader picture. Ambush has been around for almost 10 years now. That’s exceptional for a trading system. Actually, it’s the only one I know that’s been around that long. But as markets tend to change, I do review Ambush once a year to see if any changes are necessary to adapt to changing market conditions. The last time any significant changes have been required was in July 2015. As you can see on the following chart Ambush kept on performing as expected since then in live trading.
You can find out more about the sample portfolios and the long-term performance of each of the Ambush Markets on the Performance Page.
If you missed these first few months of Ambush Trading in 2018, you probably want to get on board now.
Join us and become an Ambush Trader!
The most popular and easiest way to follow Ambush is Ambush Signals. It does all the work for you, allows you to customize what markets you want to see and has a position sizing tool implemented to automatically adjust the positions to your risk preferences.
Each day around 6:30 pm NY Time the Signals are available for you on the Dashboard. You can then place your orders and literally walk away until the next market close! To find out more about the details of Ambush and how Ambush Signals works, have a look at the Ambush Signals Website.
Let’s be realistic. Following any System can be tough, especially in the beginning. It simply needs time to build the confidence needed to make it through inevitable drawdowns. So what if you’re unlucky and don’t catch a good start right away?
I want you to succeed trading Ambush Signals, so here’s something for you that will strongly increase your odds of success and allow you to easily gain the confidence you’ll need to become a long-term profitable Ambush trader.
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These 6 months will allow you to get to know Ambush Signals without too much stress or pressure and to follow it for a long enough time period that it simply won’t that much if you’re lucky and start on Ambush’s best trading month ever or not.
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Offer Expires March 30th!
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Now many of you already have been following Ambush for years now and so you’ve been asking for a long-term subscribers bargain. Here it is. For the first time ever we offer you a whole year of Ambush Signals for $799. That’s a whopping $629 off the regular yearly subscription price, giving you over five months for free!
Offer Expires March 30th!
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Ambush eBook
If you’d prefer to rather generate the signals on your own and want to know the exact trading rules of Ambush, you want the Ambush ebook. We also have a very special offer for you then:
Coupon Code for $500 off:
- Ambush eBook: use "ambush500" to get the Ambush eBook $500 off, for $1,299 instead of $1,799.
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Happy Trading!
Marco Mayer
Feel free to email questions to Marco Mayer, This email address is being protected from spambots. You need JavaScript enabled to view it..
© by Marco Mayer. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
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A WEALTH OF INFORMATION & EDUCATION:
Joe Ross-Trading Educators' popular free Chart Scan Newsletter has been published since 2004.
Note: Unless otherwise noted, all charts used in Chart Scan commentary were created
by using Genesis Financial Technologies' Trade Navigator (with permission).
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Chart Scan is a complimentary educational newsletter.
