May 22, 2020
Chart Scan with Commentary: Choosing Your Time Frame
Do you really have to sit all day in front of a screen to make money trading? Besides ruining your eyes, and perhaps ending up with a bad case of Hemorrhoids, please realize there are other ways to trade. There are two statements we hear most often: 1) I want to day trade the 5-minute E-mini S&P, and, I want to day trade Forex?
I know what day trading is like. I did it for many years, too many years, as a matter of fact. There are many more ways to trade that are far easier, and less frantic than day trading. Of course, your broker is never going to tell you that. He loves when you churn your account day trading.
I want to give you an example of a former day trading student who now makes well over $1 million a year trading the weekly charts. I’ll show you a chart he sent me, and then tell you how he trades it. Just for the heck of it, he sent me a chart of oats. There are very few people who trade oats, but look at what he did! Oats are not the only market he trades, so this is only one example:
The former day trader, marked only 1-2-3 low formations. He said there were at least three 1-2-3 high formations he didn’t bother to mark. See if you can find them. His definition of a 1-2-3 low based on The Law of Charts combined with what I taught him about consolidations is how he decides on a 1-2-3 formation. They must occur in a cluster of at least 5 bars. He defined cluster as being 5 bars that had at least an open or a close in the same general price area.
In case you can’t read the money amounts, they are what the potential profit was from where he entered to the extreme amount that was available during the trade. From left to right:
$1,937.60; $2,475; $1,362.50; $1,887.50; $1,687.50. Enough said!
by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
Trading Article: Fear
A reader asks: How do you handle fear? I seem to have plenty of it.
Let’s get one thing straight. Fear, for the majority of traders, is a very real thing. You have it, I have it. Others have it as well. What is it that traders fear? The top three, in order, are: read more.
© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
Philippe Guartier: Administration and
New Developments of Instant Income Guaranteed
On 30th April 2020 we gave our Instant Income Guaranteed subscribers the following trade on DAQQ New Energy Corp. (DQ). Price insurance could be sold as follows:
- On 1st May 2020, we sold to open DQ May 15 2020 35P @ 0.40, with only 14 days until expiration and our short strike about 33% below price action.
- On 6th May 2020, we bought to close DQ May 15 2020 35P @ 0.15, after only 5 days in the trade.
Profit: 25$ per option
Return on Margin annualized: 260.71%
Receive daily trade recommendations - we do the research for you.
WEALTH BUILDING FOR YOUR FUTURE
Need more information? We want to hear from you.
Contact us with questions!
© 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: Your Worst Enemy
In general, we are our own worst enemy when it comes to trading. There are many ways to sabotage yourself as a trader.
Not creating a trading plan, or creating one and then not following it are two of the most common.
Some ways to self-defeat are deep seated; they lurk at the back of your mind and work behind the scenes. These are often self-image problems that can rise from as far...read more.
Learn from the Best: Futures Spread Trading - Contact Andy Jordan
© 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.
Ambush Signals Free Trial ends in a Sea of Green!
Many of you have joined our free trial last week and could see on their own how the profits kept on flowing in on a daily basis.
Previously I had reported how Ambush Signals subscribers managed to make it through the corona crisis relatively smoothly and how traders got informed well before the markets crashed in March (and got two months of Ambush Signals for free). Now since April 26th, I took back that warning a notch and let subscribers know that the markets had returned to a more regular behavior again.
So it's time to have a look at the Ambush Signals results since then for each of the Futures markets (it looks the same in Forex):
Here are the results for one contract traded in each of the markets from April 26th till today:
Yup, it's been a crazy winning streak with almost all of the markets in the green and over $25k in profits in less than one month! Additionally, all of the All-Stars Portfolios are making new all-time highs again, have a look at the updated performance report.
Those of you who participated in the free trial could see for themselves day by day how easy and simple it is to actually take those trades. The feedback I got mostly was focused around:
- Really, that's all I need to do?!
- I had no idea you actually can day trade profitably with so little effort and time!
- Wow this is EASY and REALLY takes just a couple of minutes each day!
Don't miss out on the next trades and sign up now to Ambush Signals!
Also if you're interested in the Ambush Method eBook, we have good news for you. If you buy the eBook now, you get three months of Ambush Signals Pro for free! That's a $387 saving!
Happy Trading and Stay Healthy!
© 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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