Edition 781 - June 21, 2019
by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed
Chart Scan with Commentary: 2nd Time Through
The chart below presents a couple of interesting concepts. Prices have obviously been in consolidation. Prices formed an initial 1-2 low, but never completed the #3 point.
When prices are in consolidation, there are often full or partial 1-2-3 formations in both directions — 1-2-3 highs and 1-2-3 lows. These formations are part of the Law of Charts.
At one point, prices dipped down and violated the low of a very tight cluster of prices forming a second #1 point, which can be justified as a #1 point only by the fact that it was followed by a #2 and a #3 point.
Why do I use the term "cluster?" It's because either the Open or Close, or both, of every bar following the first #2 point fell within the price range of that #2 point. That long bar labeled "2" is called a Measuring Bar.
Ultimately, the second #2 point was violated, thus forming a Ross Hook.
At our seminars, in private tutoring, and in our online courses, we teach that when prices are in consolidation, it usually requires both a 1-2-3 formation, followed by a Ross Hook (tie breaker) to convince us that at last prices are ready to break out of consolidation.
Since trend takes precedence over consolidation, and because a 1-2-3 formation followed by a Ross Hook confirms a trend, we are then correct in attempting a Traders Trick Entry (TTE).
That Ross Hook was the not only the first time through the original #2 point, it was also the tie breaker that indicated prices may very well break out.
There were then two possible entries: enter early, using the TTE, or wait for the second time through the original #2 point. Either way resulted in a very nice trade.
© 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: Wisdom
It would be wonderful if there were a foolproof and valid instruction manual for how to trade the markets profitably, a cookbook of sorts where you merely follow the steps and you are successful. For decades, traders have ...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.
by Philippe Guartier: Administration and
New Developments of Instant Income Guaranteed
Trading Idea: Instant Income Guaranteed
JD Trade
On 4th June 2019 we gave our Instant Income Guaranteed subscribers the following trade on JD.com Inc. (JD). Price insurance could be sold as follows:
- On 5th June 2019, we sold to open JD Jul 19 2019 22P @ 0.30, with 44 days until expiration and our short strike about 18% below price action.
- On 10th June 2019, we bought to close JD Jul 19 2019 22P @ 0.15, after 5 days in the trade, for quick premium compounding.
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Return on Margin annualized: 248.86%
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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.
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by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and
Editor of Traders Notebook Complete
Trading Article: Stay Relaxed
Experience and trading from a plan can help you to make trades in a carefree, relaxed, and…read more.
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.
Traders Notebook Complete
Learn how to manage this trade by getting daily detailed trading instructions, click here!
© 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
The Russell 2000 is simply too easy to trade right now!
The Ambush trading method is specialised in catching intraday market tops and bottoms in a variety of Futures markets. Including the Russell 2000 Mini Future (RTY/M2K) traded at the CME, where Ambush Traders keep on cashing in big time again over the last couple of months!
Ambush day trades on an end-of-day basis so there’s no need to even check the markets during the day.
The Russell 2000 a very popular market out there among traders. It has two of the most important things private traders are looking for liquidity and volatility. I won’t even include a daily chart here as it does look quite boring. To keep it brief, the Russell is trading in a wide range for a long time now. Perfect conditions for Ambush and so this has paid out big time, here are all the recent trades:
Yes, that’s over $6000 within just three month and not even 20 trades! Which means Ambush traders made over $300 on average per trade doing nothing more than placing one entry order per day. I guess most active day traders made a lot less…but their brokers rich!
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If that is not enough bang for the buck simply size it up and trade two contracts or three. It’s so great now you can position size as you like exactly matching your risk preferences!
In either case you have to ask yourself if you really can afford to miss out on these trades!
So whether you’re trading a $10k account or a $100k account, Ambush has the right markets for you to start following the signals.
Again, ask yourself if you really can afford to miss out on these trades or at least be aware of the signals? Now if you’ve been on the other sides of these trades trying to buy the breakouts you maybe should think about switching sides?
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© 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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