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Edition 856

 

November 20, 2020

 

trading education

 

Introduction to a Series on Technical Analysis

This week’s chart scan is a continuation of a series of very basic technical analysis concepts. I’m not a big fan of technical analysis, but I have to admit that I cut my trading teeth using it. Eventually, I came to believe there is a time and place for any and all tools. If something can help you understand the markets and how to trade them, I’m all for it.

There are many beginning traders who read Chart Scan, and over the years I have had many questions from them concerning technical analysis. Instead of giving you an article on the psychological aspects of trading, the next several issues of chart scan will feature articles on technical analysis. My hope is that where and whenever possible, I will show you the right way to use this type of analysis.

Keep in mind, the only real truth on a price chart is price itself. With that in mind and keeping price always in the forefront we can begin taking a look at some tools that fit into the category of technical analysis.

 

 

Master Trader Joe Ross shares trading education

Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Chart Scan with Commentary:  Another Question about Reversal Bars

Hi Joe: I have checked all your notes, but cannot find an answer to this question:

QUESTION-1:

How long does a Reversal Bar (RB) signal remain active if it is not filled immediately on the next bar after the RB???

For Example:  see picture attached below

  • We have a Reversal Bar (RB) at (1)
  • we place a sell order below the low of the RB at (1)
  • then the bar at (2) forms
  • at the completion of bar (2), the sell price is not triggered

QUESTION-2:

Is it acceptable to keep active the sell order associated with the RB from (1) after the bar at (2) has been completed??

  • then the bar at (3) forms
  • at the completion of bar (3) the sell price is not triggered

QUESTION-3:

Similar to above QUESTION-2:

Is it acceptable to keep active the sell order associated with the RB from (1) after the bar at (3) has been completed??

Joe Ross shares trading success with Traders Trick Entry and Ross Hook trading methods example trading education

I can answer all 3 questions with a simple statement: A reversal bar is active for only one time- period---the one you are trading in. A trade must be activated on the next bar or not at all.

Private Mentoring with Joe Ross is so simple!  

  1. Complete his questionnaire, click here.
  2. Indicate full day or per hour
  3. Schedule your date(s) and time(s)
  4. Skype
© 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 shares trading education

Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed

Trading Article:  Swing Trading vs Day Trading

Swing Traders tend to spend longer monitoring markets and considering trading opportunities than day traders. Swing traders utilize...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 Gautier shares his Instant Income Guaranteed trading education

Philippe Guartier:  Administration and
New Developments of Instant Income Guaranteed

Instant Income Guaranteed - STX TRADE

On 25th October 2020 we gave our Instant Income Guaranteed subscribers the following trade on Seagate Technology (STX). Price insurance could be sold as follows:

  • On 26th October 2020, we sold to open STX Dec 18 2020 42.5P @ 0.60, with 52 days until expiration and our short strike about 16% below price action.
  • On 4th November 2020, we bought to close STX Dec 18 2020 42.5P @ 0.30.

Profit: 30$ per option

Margin: 850$

Return on Margin annualized: 143.14%

Philippe

TRADING SUCCESSES EMAILED TO YOU DAILY!

Joe Ross and Philippe Gautier share trading success with Instant Income Guaranteed options selling example trading education

~ WE DO THE RESEARCH FOR YOU ~

Learn More!  Instant Income Guaranteed

© 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.

 

 

Andy Jordan Educator for Futures Trading Strategies on Spreads, Options, Swing/Day Trading, and Editor of Traders Notebook

Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and 
Editor of Traders Notebook Complete and Traders Notebook Seasonal Spread Trading (TNsst)

Trading Article:  Learn One Way to Trade and Stick with it?

Hey Andy! My plan has been to learn one way to trade and then stick with it. I would even prefer to learn to trade in a single market in order to simplify my life. What do you think?

I think you won’t be trading very often, and if you do, you will end up being a loser.

When the market environment is not favorable for longer-term trading techniques, you should consider ....read more.

 

Andy Jordan wants you to learn trading and highly recommends that you invest in yourself.  Private mentoring with Andy is the first step to learning about trading, his students find this very helpful and accelerates their trading successes.

Private Mentoring with Andy Jordan – Sign Up Today

© 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.


 

 

Marco Mayer shares trading success with Ambush Trading Method example trading education

Professional Trader Marco Mayer
Educator for Forex, Futures and Systematic Trader
Creator of Ambush Trading MethodAmbush Signals, and Head of AlgoStrats.com

Gold-Rush: Over $10,000 profit with a Day Trade in the Gold Future?!

One of the top markets over the last couple of months for Ambush Traders has been the gold market. Whether it's the Gold Future, Micro-Future, or XAU/USD forex pair, Ambush Traders are in a crazy gold rush!

Here's a daily chart of the Gold Future (GC, traded at CME), showing the last couple of months of trading. As you can see this market did what markets do 90% of the time, which is why Ambush is such a great trading method. Markets move in boxes/ranges, break out for a few days and then start moving in the next box. Gold has been in huge boxes almost all of the time and so Ambush Traders had a lot of great opportunities!

Marco Mayer shares trading success with Ambush Signals example trading education

Here are the results of these trades, trading only one Gold Future (GC) contract:

Marco Mayer shares trading success with Ambush Signals example trading education

Yup, that's almost $40k profits with almost no drawdowns in between within just a couple of months! And yes we did catch one of the largest moves ever in the gold market on 9th November making OVER $10k with a DAY TRADE!

Now the Gold Future is a large contract and not suitable for small accounts. But you can do these trades also in the E-Micro Gold which is just 1/10 the size or the XAU/USD forex pair.

That's what makes Ambush Signals so great, it works with any account size offering three subscription models depending on your goals.

Notice that all of these are actually day trades, even though they're based on end-of-day trading decisions. Ambush is exactly that, an easy way to day trade not for a few tiny ticks with a lot of stress but placing your trades once a day, walk away, and go for the big intraday moves!

Don't miss the next Gold trade and join Ambush Signals today!

Happy Trading!

Marco

 

The Ambush Trading System was created in 2007 by Marco Mayer.  Since then it proved itself in the markets for over a decade and did so with exceptional results. It's the only trading system we're aware of that is still going strong after so many years.  While Ambush is a day trading system, meaning you will always enter and exit on the same trading day - you don't have to sit in front of your trading screen. You simply place your entry orders when the trading session starts and come back at the close!

LEARN MORE - 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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Legal Notice and Copyright 2020 Disclaimer - Published by Trading Educators, Inc.
Chart Scan is a complimentary educational newsletter.

© by Trading Educators, Inc. Re-transmission or reproduction of any part of this material is strictly prohibited without prior written consent.

Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.