Edition 831
May 29, 2020
Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed
Chart Scan with Commentary: Tick Charts
Why are traders so desperate to make more trades? We see traders scratching around like chickens in a hen yard, looking for more trades, when there are more than enough trades to be found every day.
We heard from another “desperate” trader who wanted to know why he shouldn’t add tick chart trading to his other trades.
Tick charts are fine if you don’t mind sitting in front of a screen all day. The problem with tick charts is that you have to watch them every minute. For example, let’s say you are watching a 750 tick chart of the E-mini S&P (ES). Lots of traders do that.
You will receive a new bar or candle whenever 750 trades have been made in ES. But, when it that going to happen? It could be any minute. You don’t dare take your eyes off the screen. It could take 1 minute, or 10 minutes for 750 ticks to take place. Take a look:
I’m not against using tick charts. They can do something that may be desirable. They can make a choppy sideways market appear to be trending. However, the distance from top to bottom, or bottom to top will be range-bound by the distance from the high to the low of the sideways market.
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.
Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed
Trading Article: Reader Question
A reader asks: "Hey Joe! I’m pretty new at this. Can you tell me the rules for buy and sell stops?"
When the market trades above a buy stop price order, it becomes a market order. The first down tick after the market order price is activated determines the highest price at which the buy stop order may be filled. The rule to remember placing stops is this, "Buy above and sell...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
SILV trade
On 20th April 2020 we gave our Instant Income Guaranteed subscribers the following trade on SilverCrest Metals Inc (SILV). We entered a debit spread.
- On 21st April 2020, we sold to open SILV Aug 21 2020 2019 7.5C and bought to open SILV Aug 21 2020 5C for a debit of 0.80.
- On 7th May 2020, we bought to close SILV Aug 21 2020 7.5C and sold to close SILV Aug 21 2020 5C for 1.60.
The most we could ever lose on this trade was the initial debit of 0.80, or 80$ per spread.
Days in trade: 16
Profit: 80$ per spread
Return: 100%
Annualized return: 2281.25%
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.
Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and
Editor of Traders Notebook Complete
Andy Jordan presents...
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.
Professional Trader Marco Mayer
Educator for Forex, Futures and Systematic Trader
Creator of Ambush Trading Method, Ambush Signals, and Head of AlgoStrats.com
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!
Marco
© 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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