Edition 756 - December 14, 2018
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by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed
Chart Scan with Commentary: Currency Spreads
Can we use "The Law of Charts" to locate good spread possibilities? We surely can. Our friend Daniel sent me a message about this spread. He wants to go long the New Zealand dollar and short the Canadian dollar.
As we view the charts below, we see that the New Zealand dollar (Kiwi) has already formed a 1-2 low, and at the very least can be said to be moving sideways overall. However, the Canadian dollar (Loonie) has broken below consolidation and is strongly moving down as of the writing of this issue of Chart Scan.
Simply by observation, we can see that it might pay off well to buy the Kiwi and sell the (Loonie). This trade can be made in Forex or in Futures, your choice.
If you would like to learn to read the language of the charts you might consider taking private tutoring with Master Trader Joe Ross, or taking our online webinar “The Law of Charts in Depth.”
© 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.
by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed
Trading Article: Note from Braam Avenant
Some have asked for more information about Point and Figure charts. Here's a message from our friend Braam: P&F as I do it is a whole different method of short term trading than you will find in any book. As I always want to improve myself, I have bought all books on P&F. Most of them were a waste of money. But the best I have ever read is "The Definitive Guide to Point and Figure" by Jeremy du Plessis ISBN 1 - 897 - 59763 - 0. I want people to know this before they spend a lot of money on worthless books.
The “Mystery Players” in The Options Markets
The Mystery Players are primarily the large brokerage houses. They want to sell you options. They discourage you from selling because they want to sell to you – they want you to be the buyer, knowing that majority of all options will expire worthless.
Option market makers are very real and very smart. It is to structure your orders properly in relation to the bid/ask. It’s see orders coming into the market and watching to see if they get filled. If you can do 100 lots, you can pretty much split the bid/ask and get filled.
Anything less than that has to be very close to the bid or offer to get filled (unless you don't mind waiting to see if the underlying stocks or futures go your way).
It took me a while to figure out that all the market movers do is to artificially manipulate the price away from the "theoretical value" via the bid/ask, take the trade, and then offset that trade in the underlying to capture the spread. Market makers know the importance and advantages of delta neutral, and are always working to stay neutral. I think that there is tremendous power to the trader who knows how to be neutral in several different ways before any trade is even initiated. In reference to ‘theoretical value,’ my opinion is that an option (or anything) is worth whatever someone is willing to pay for it.
The buyer of an option has the most odds stacked against him/her. After getting creamed in the bid/ask spread, paying an outrageous commission, an option buyer still has to be right about price direction in a certain time frame. And even if all of these odds are overcome, and the option goes in the money, it is still losing some value every day, which is why I will rarely buy another option.
Trade selection. Trade selection. Trade selection. Trade selection. The easiest way to put odds more in your favor is good trade selection. I cannot express how important this one thing is. And yet it took me awhile after starting to trade options before I could truly see this.
The markets are there to fill orders. That’s really what it’s all about. So if someone gets upset because their order got filled, then maybe they should think about what kind of order they placed, i.e. get stopped into a trade, next time.
© 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.
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by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and
Editor of Traders Notebook Complete
Trading Idea
This week, we're looking at selling NGM19 – NGN19: short June 2016 and long July 2019 Natural Gas (NYMEX on Globex).
Today we consider a Natural Gas calender spread: short June 2016 and long July 2019 Natural Gas (NYMEX on Globex). Natural Gas moved up like a rocket a few weeks ago and so did our Natural Gas spread, but with only 1 months in difference of both legs of the spread, the move was much less dramatic. Will the spread now follow its seasonal path lower? The seasonal time window (11/26 – 04/16) is very wide and with a suggested initial stop above the November high we give the spread enough room to develop.
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.
© 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.
by Professional Trader Marco Mayer
Educator for Forex, Futures and Systematic Trader
Creator of Ambush Trading Method, Ambush Signals, and Head of AlgoStrats.com
Save up to $629 on Ambush Signals Today!
Ambush Signals Special
Update on Ambush Performance and a Special you don't want to miss!
With Ambush Signals you can easily follow Ambush, a system specialized in catching intraday market tops and bottoms in the Futures markets.
Save up to $629 on Ambush Signals Today!
As you know I don't send out emails to you very often. But as many of you have been asking me about longer-term subscriptions for Ambush Signals at a discount, I thought this might be interesting to you. Usually, I only offer monthly or 3-month subscriptions, but till Saturday you can also get:
- 6 Months of Ambush Signals for $499 (save $215)
- 12 Months of Ambush Signals for $799 (save $629)
Additionally, you can get the Ambush eBook $500 off, for $1,299 instead of $1,799: simply use the coupon-code "ambush500“ at the checkout.
Ambush System takes off to End-of-Year Rally!
Yes, Ambush did it again as most of the Ambush markets and portfolios just hit new all-time equity highs in November. Looks like it just started off to a nice end-of-year rally, don’t miss it!
Trading has surely been tough lately for a lot of traders, especially due to the crazy correction we had in the stock markets in October. 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 8k within just two months of trading! Thanks to that rally, almost all Ambush markets are now showing nice gains for 2018.
Of course, 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 about 10 years now. That’s exceptional for a trading system. Actually, it’s the only one I know that’s been around that long with most systems working no longer than a couple of months. 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.
2018 has been quite a year for Ambush and if you missed it so far, join us now for what looks like a promising finale of the year and start 2019 on the right side of the markets.
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 customise 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 are 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.
Today you can also get:
- 6 Months of Ambush Signals for $499 (save $215)
- 12 Months of Ambush Signals for $799 (save $629)
Now if instead of simply getting the daily Ambush Trading System Signals you want to know the actual trading rules behind the System, you can get the Ambush eBook $500 off, for $1,299 instead of $1,799 by using the coupon code "ambush500“ at the checkout.
Happy Trading!
Marco Mayer
Learn all you need to know about our new Ambush Signals service during this presentation by Marco Mayer. What is the Ambush System, what's the idea behind it and how does Ambush Signals make trading Ambush so much easier! Find out more about Ambush and Ambush Signals!
© 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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Note: Unless otherwise noted, all charts used in Chart Scan commentary were created
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