Edition 782 - June 28, 2019
Watch your inbox early next week for a Traders Notebook special!
by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed
Chart Scan with Commentary: Weak Hands-Strong Hands
Below is a chart I put in this issue of Chart Scan to answer a question that often comes up in our forum. How do I know when prices are making a top?
I’m going to use a chart from the time that I answered the question.
As we view the chart of the GLD exchange traded fund, we see nothing that resembles a Head and Shoulders top, which often is formed as part of market top.
So, what are some of the ways we could have suspected a market top in the making?
The breaking of the upward trendline is one way.
Another way is that we see what is basically a double high, and each time the high was made, prices reversed direction the following day. Personally, I think the combination of the two is extremely strong. The broken trendline itself is sufficient warning for anyone to have tightened up their stops if they were long, and to refrain from entering if they were not already in the gold market.
There is also another way, and that way is to understand something about the way the bullion banks operate. For many years, the bullion banks have been able to run the gold and silver markets up and down, literally at will. There are 4 giant bullion banks and 4 other fairly large-sized bullion banks. Together they are 8 banks who often act in collusion with one another. It is the action of the bullion banks that make precious metals trading so volatile. Precious metals rarely move up without major corrections.
In essence, these banks have a license to steal. Despite pressure from traders and precious metals interests, the CFTC does nothing to stop these thieves from robbing everyone else. Their actions are well-known. Dozens, if not hundreds, of complaints have been filed with the CFTC, but the CFTC chooses to look the other way.
If you are going to trade in precious metals, you need to be a day trader, where the actions of the bullion banks won't bother you all that much, or you need to understand the way the bullion banks operate.
By selling or buying “paper gold,” they are able to move the price of real gold up and down. If they want prices to drop, they sell short more paper gold than there is actual gold available to deliver. The day is coming when traders/investors are going to want delivery of the gold represented by the paper contracts. Sadly, the gold will not be there. At that time the price of real gold will go through the roof, but not until the market manipulators have taken delivery of whatever gold there is backing the shares in the GLD Exchange Traded Fund. Everyone one else will be left holding a lot of worthless paper.
© 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: State of Mind
Making profits as a trader is often a matter of trading in the proper state of mind. Trading expert Dr. Van K. Tharp, author of several best-selling books on trading psychology and head of the Van Tharp Institute, describes three states of mind...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
CSIQ Trade
On 30th May 2019 we gave our Instant Income Guaranteed subscribers the following trade on Canadian Solar Inc. (CSIQ). Price insurance could be sold as follows:
- On 31st May 2019, we sold to open CSIQ Jul 19 2019 13P @ 0.15, with 49 days until expiration and our short strike about 33% below price action, making the trade very safe.
- On 10th June 2019, we bought to close CSIQ Jul 19 2019 13P @ 0.05, after 10 days in the trade, for quick premium compounding.
Profit: 10$ per option
Margin: 260$
Return on Margin annualized: 140.38%
Philippe
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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: Shoulda-Coulda-Woulda Mentality
Winners take credit for their successes and full responsibility for their losses. Losers blame others for their losses and take full credit for their successes. A "shoulda-coulda-woulda" mentality does more than characterize the losing trader, it…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!
Now those are huge amounts if you have a small account and you might not want to make or lose hundreds or dollars per trade. Thanks to the new Micro Russell 2000 Mini Contracts (M2K) this is not an issue anymore. You can trade these with a small account now. Here are the results trading one M2K contract:
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?
TWO WAYS TO JOIN US
AND BECOME AN AMBUSH TRADER!
1) AMBUSH SIGNALS
OR
2) AMBUSH EBOOK
READ ON....
With Ambush Signals you can easily follow Ambush, a system specialized in catching intraday market tops and bottoms in the Futures markets!
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.
Find out more about Ambush eBook and Ambush Signals!
Did you come up with questions? Don't be shy, email Marco Mayer, he wants to hear from you! This email address is being protected from spambots. You need JavaScript enabled to view it.
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LEARN ABOUT AMBUSH TRADING METHOD
© 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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