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Edition 859

 

December 11, 2020

 

trading education

 

YOU WROTE TO US AND WE LISTENED!

Thank you to everyone who expressed wanting to learn more about basic technical analysis concepts. Good news, Joe Ross came up with more articles, just for you!  Enjoy learning from the master trader himself.  If you missed any of Joe's previous 9 articles, click here to be directed to read the archived newsletters.

~

 This week’s chart scan continues 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 at the forefront, we can begin taking a look at some tools that fit into the category of technical analysis.  ~ Enjoy, Master Trader Joe Ross

 

 

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:  Reader Question

Hey Joe! I know you are essentially an option seller, but surely there must be a time when buying an option is appropriate.

It’s as simple as buy low, sell high! The most important thing with options is not so much price as it is with Implied Volatility.  To be brief: Buy low volatility and sell high volatility. It doesn’t much matter whether it is puts or calls, buy low, sell high…volatilityI

How do you know when volatility is low? Volatility is low when you see an exhaustion pattern on the chart. One of the best exhaustion pattern is the spike reversal bar. Take a look.

Alt:  Joe Ross shows you the right way to use basic technical analysis concepts, but the only real truth on a price chart is price itself.

When prices have been climbing, Call prices will be very high, maybe even exorbitant, but put prices will be relatively low. No one thinks prices will come down, so even if you are wrong buying a put when prices are high, Puts will have low premiums because no one wants to buy puts at high levels. As usual, traders have things upside down. You can buy a put inexpensively, at market highs.

It’s just the opposite when prices are at extreme lows. If you are going to buy a call, the time to do it is when there is a sudden reversal of direction, indicating exhaustion.

Alt:  Joe Ross shows you the right way to use basic technical analysis concepts, but the only real truth on a price chart is price itself.

I marked a couple of reversals, so you get the idea. Exhaustion at low, buy a Call.

 

This is the most requested recorded webinar, The Law of Charts.

Through this recorded webinar The Law of Charts, we will show how YOU how to win consistently in any market and in any time frame.  What it takes to create charts that exactly fit your trading style and level of comfort.  The content of this intensive, in-depth recorded webinar takes the "The Law of Charts" to the next step.  You'll feel like your attending a private seminar with Joe Ross himself.

PURE SIMPLICITY - LEARN JOE'S WAY TODAY!
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Joe Ross will explain to you the way he stacks up profits with tips and tricks that make it easy for you to apply "The Law" to YOUR trading!

© 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:  Options and VIX as Sentiment Indicators

I never knew so much about the VIX until I looked it up and began investigating its value. There are many popular and simple ways that options are used to gauge the sentiment of investors. They are used as contrary indicators. When at extreme levels, VIX calls Market Bottoms. VIX is extremely reliable.

The CBOE (Chicago Board Options Exchange) Volatility Index – aka “the VIX”

This indicator, known as the "investor fear gauge", starts to rise during times of high stock market stress, and falls as investors become complacent.

Let me stress that this indicator should be used only for...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.

 

Trading Educators is offering 30% off Stopped Out eBook

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Use Coupon Code during Checkout:  profit30

Trading Educators is offering 30% of Futures from the Beginning eBook

Newly updated and improved eBook by Joe Ross - Joe's excitement increased the deeper diving in and kept commenting, “This is really good stuff.”   :  )  Own your copy today!  Use coupon code "profit30" during checkout.  Click here!

 

 

 

Philippe Gautier shares his Instant Income Guaranteed trading education

Philippe Guartier:  Administration and
New Developments of Instant Income Guaranteed

Instant Income Guaranteed - MU TRADE

On 12th October 2020 we gave our Instant Income Guaranteed subscribers the following trade on Micron Technology Inc. (MU). Price insurance could be sold as follows:

  • On 30th October 2020, on a GTC order, we sold to open MU Nov 27 2020 42.5P @ 0.46, with 27 days until expiration and our short strike about 15% below price action.
  • On 3rd November 2020, we bought to close MU Nov 27 2020 42.5P @ 0.23.

Profit: 23$ per option

Margin: 850$

Return on Margin annualized: 246.91%

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 ~

CLICK HERE TO 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, and Day Trading, and Editor for 20+ years with Traders Notebook, a daily advisory newsletter.

Trading Article:  Talking to Myself

I have to admit I do talk to myself at times, maybe even a lot, especially when I'm facing a loss. Let's say I'm down a bunch of points and it came as the result of a surprise move in the market. The temptation is to think, "I have to find a way to get it back." I hate ending the day down a bunch of money. However, if I give in to that..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 improving your trading, his students find this very helpful to accelerate 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.

 

About Joe Ross

Joe Ross has been trading and investing since his first trade at the age of 14, and is a well known Master Trader and Investor. He has survived all the up and downs of the markets because of his adaptable trading style, using a low-risk approach that produces consistent profits.

Master Trader Joe Ross shares trading education

Joe Ross is the creator of the Ross hook™, and has set new standards for low-risk trading with his concepts of "The Law of Charts™" and the "Traders Trick Entry™." Joe was a private trader and investor for much of his life, but a serious health situation in the late 80's caused him to shift his focus, and that is when he decided to share his knowledge. After his recovery, he founded Trading Educators in 1988, to teach aspiring traders how to make profits using his trading approach.

Joe Ross has written twelve major books and countless articles and essays about trading. All his books have become classics, and have been translated into many different languages. His students from around the world number in the thousands. His file of letters containing thanks and appreciation from students on every continent is huge: As one student, a successful trader, wrote: "Your mastery of teaching is even greater than my mastery of trading."

Joe Ross holds a Bachelor of Science degree in Business Administration from the University of California at Los Angeles. He did his Masters work in Computer Sciences at the George Washington University extension in Norfolk, Virginia. He is listed in "Who's Who in America." After 5 decades of trading and investing, Joe Ross still tutors, teaches, writes, and trades regularly. Joe is an active and integral part of Trading Educators. He is the founder and contributor of the company's newsletter Chart Scan™.


Joe's philosophy for helping traders is:

"Teach our students the truth in trading — teach them how to trade."

"Give them a way to earn while they learn — realizing that it takes time to develop a successful trader."


Joe sets forth the mission of Trading Educators as follows:

To show aspiring futures traders the truth in trading by teaching them how to read a chart so that they can successfully trade what they see, and by revealing to them all of the insider knowledge they need in order to understand the markets.

To enable them to trade profitably by training them to properly manage their trades as well as their mindset and self-control.

To accomplish our mission for our students we educate them so that they know and understand:

  • Where prices are likely to move next.
  • Why prices will move there.
  • Who and what cause prices to move.
  • How far prices are likely to move when they do move.
  • Their own role in the movement of prices..
  • How to take advantage of the knowledge they receive.
  • How to properly manage and exit a trade which they have entered.
  • How to manage themselves and acquire the discipline needed to become successful traders.

Benefits for our Clients:

  • Independence from complicated trading methods, magic indicators, and black-box systems.
  • Independence from opinion, anyone's opinion, including their own.
  • Independence achieved through knowing how to read a chart.
  • Independence through having knowledge of insider actions.
  • Independence achieved by taking holistic and eclectic approaches.
  • Independence coming from knowing how to manage both the trades and themselves.
  • Independence because they understand and trade what they see.
  • Independence because they have learned how and why prices move as they do, through studying the truth in trading and the truth about markets.
  • Students learn only proven methods and techniques, which helps them to preserve capital and create more consistent profits; they are offered simple methods that will assist them to earn while they learn.
  • They learn to work smarter and more effectively.
  • They learn to treat trading as a business; we offer no Holy Grail or magic systems.
  • They learn to adapt to changing market conditions.
  • They learn a systematic approach to trading rather than a mechanical system for trading.

Read some personal testimonials which Joe has received.

 

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A WEALTH OF INFORMATION & EDUCATION:
Joe Ross-Trading Educators' popular free Chart Scan Newsletter has been published since 2004.

Note: Unless otherwise noted, all charts used in Chart Scan commentary were created
by using Genesis Financial Technologies' Trade Navigator (with permission).

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.