Edition 651 - December 2, 2016
“What is desired in a Trader is kindness, and a poor Trader is better than a liar.” Master Trader Joe Ross
Traders Notebook Outrights
by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing/Day Trading, and
Editor of Traders Notebook Complete and Traders Notebook Outrights
I want to present an outright futures trade we had this week in Traders Notebook Outrights. We went long the Crude Oil at 47.00 on 11/30 with a risk of $600 per contract on the “normal” futures contract (the risk per contract on the E-mini CL was only $300). We reached our first target at 47.60 an hour later (first gray horizontal line) and the second target at 48.80 on the same day (second gray horizontal line). We are still holding the last lot using a trailing stop with a possible target at 51.80.
If you are interested in this kind of swing trades, our newsletter service Traders Notebook Outrights is the right choice for you. If you have any questions, please do not hesitate to contact me at This email address is being protected from spambots. You need JavaScript enabled to view it..
© 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.
The Law of Charts with Commentary
by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Time Independent Charts
If you want to trade a chart that is time-independent, you have two choices:
- Point and figure charts
- Tick charts
To create a tick chart you need software that will enable you to do so. I use Genesis Trade Navigator. Instead of each bar on the chart representing a specific amount of time, each bar represents a specific number of ticks. Tick charts change the entire structure of the prices you are looking at. The magnitude of the moves changes markedly, as well as having trends appear where there is no trend with charts based on time. The time between bars also varies. At a setting of 500 ticks per price bar, you might find an hour or more between bars, or a matter of minutes between bars, depending upon the liquidity of the market you are trading.
One of the nicest things about tick charts is that you can literally create them to match your own style of trading. Your chart for each market can be unique to you and you alone. The number and variety of tick charts is virtually unlimited. Someone trading a bar chart in which each bar contains 257 ticks is going to see a different chart from the person trading a bar chart in which each bar contains 250 ticks.
The chart below was sent in to me by one of our subscribers. It is a chart of the e-mini S&P. Each bar contains 1,000 ticks. This is the text that accompanied the chart: "Another example of using price bars and price bar relationships correlated with 15-min and 60-min charts. After a large go down, it is reasonable to have it go back up some."
© 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.
Instant Income Guaranteed - TWX Trade
Developer: Joe Ross
Administration and New Developments: Philippe Gautier
Check out our newest IIG example which produced for our subscribers a $25 Profit (Average), $1,370 Margin, and 111.01% Return on Margin Annualized. Read more.
We have also added new types of trades for our IIG daily guidance, "no loss" propositions with unlimited upside potential, still using other people's money to trade .
Instant Income Guaranteed
© 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.
Blog Post - "Once I’ve achieved success as a trader, then what? I’ve heard that after a while trading can become boring."
by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
I know you would all like to have that problem, but I can vouch for its being true. I always have to find new ways to trade or I do become bored. However, I have never run out of ways to trade that remain exciting, at least for a fairly long time. Read more.
© 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.
Say Hello to Ambush Signals
by Master Trader Marco Mayer
Educator for Forex and Futures, Systematic Trader, and
Creator of Ambush Trading Method, AlgoStrats.com
Rave reviews are already coming in!
"Subscribed and loving it. Now I just look at the numbers generated for what I want to trade and put the orders in with my broker. It's just that easy. It's pretty much point and click. I really feel empowered and way more confident now, thanks to the service." DR, Michigan
You will be excited to learn about our new service, Ambush Signals for the Futures markets. Watch my short presentation to find out more about Ambush Signals.
Yes, I want to become an Ambush trader!
© 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.
© by Trading Educators, Inc. Re-transmission or reproduction of any part of this material is strictly prohibited without prior written consent.
