Edition 913
January 7, 2022
We hope you enjoyed ringing in the new year with your loved ones and are ready to start 2022!
Marco Mayer's Ambush New Year Special has been extended to Tuesday, January 11, 2022. Scroll down for details.
"The way of a foolish Trader is right in his own eyes, but a Trader who heeds counsel is wise." Master Trader Joe Ross
Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed
Chart Scan with Commentary: Weekly Chart Trading
Are you missing out?
Sometimes we are so busy looking at the forest that we miss seeing the trees. If you are a day trader it could be you are no longer seeing the trees that are on the weekly chart. This past week I've been looking at weekly charts. What prompted me was that a friend of mine, who has been trading strictly from the weekly charts, wrote to tell me his account is up five-fold. Is yours?
T-Note futures have always been difficult for me to trade as a day trader. So I decided to look at "trees" in the T-Note futures first. I was astonished at what I saw. There were 1-2-3s, Ross Hooks and Traders Tricks.
Yeah! But who wants to trade the weekly chart? What I should have been asking is why haven't I been trading the weekly charts? Trading the weekly charts doesn't mean that you have to sit and watch the market all week long hoping for a trade. With today's automatic trading platforms, there's not a lot of watching to do. Besides, if you are willing to take some money off the table quickly, trades from the weekly chart can be ideal. The moves on a weekly chart, even when small, are typically much greater than you'll get from the same move on a daily or intra-day chart.
Take a look!
The arrow points to a Traders Trick Entry. I would have made a nice bundle on that one. But where was I? Burning up my eyeballs looking for an intraday trade in four other markets.
Several weeks later, prices bottomed out and formed a 1-2-3 low, which has turned into a possible ledge trade. Please notice that when notes move a full point, it is worth $1,000. That means if I had entered at 142^00 and exited at 132^00, I would have made $10,000. As Fagin said the movie "Oliver," I think I’d better think it out again.
Are you getting my message?
© by Joe Ross. Re-transmission or production 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: Advice for Long-Term Traders:
Take note the yearly ranges for the commodities you trade. What are this year’s highs and lows? Are they higher highs, lows and closes compared to last year? Does the close confirm the price action? What is the long term trend? How does this year’s average price range compare to...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
2021, within an overall strong up move, was quite "bumpy" especially in the last quarter.
Implied volatility levels dropped compared to 2020, but with many spikes to the upside, allowing to sell price insurance in good conditions, with a great distance between our short strikes and price action.
Our annualized return on margin for our classic trades came to 88.37%, lower than in 2020 (101.39%) but well above our overall return of 69.49%.
In many of our trades, we caught intermediate lows, which partly compensated for the drop in implied volatility.
In the last quarter, when statistical and implied volatility increased, we gave the preference to ratio spreads. This is a much safer way to sell price insurance, but entry fills are not always possible in usual conditions. It has to be done at "scary" moments. Our risk profile is also much better, allowing us to potentially earn much more than our initial credit.
We also traded a few strictly limited risk debit spreads, which have great annulized returns.
Wishing you all a good trading year.
Philippe
© 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.
NOW is the time!
Join Master Trader Joe Ross' Instant Income Guaranteed (IIG) program which rolled out on December of 2014.
This program will continue until September 30, 2022 so take advantage to learn IIG's option strategies with Philippe Gautier's master mind within his detailed guidance.
65% OFF
Use coupon code during checkout: iig65
Includes 2-Months FREE of Detailed Guidance which starts after completing Joe's online courses.
Check out IIG's Performance Track Record
We hope you will join our IIG trading team!
Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, and Day Trading, and Editor for 20+ years with Traders Notebook, daily advisory newsletter.
Trading Article: How do I become flexible in trading?
One mark of a flexible trader is he/she has a carefree attitude when it comes to executing a trade. They don’t allow themselves to get bent out of shape over a trade. They don't sit and think over and over about their strategy. They have done their homework. They’ve developed a sensible trading plan, and when the opportunities present themselves, they pull the...read more.
© 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 Market of the Year & Ambush New Year Special
2021 was a good year for Ambush Traders, especially the first half of the year was simply amazing! Time to look back and see if there's one market that really stands out.
And without question, the Ambush market of the year is the Russell 2000 index Future! Doesn't matter whether you traded the E-Mini or the E-Micro contract - that market delivered big time!
Here's a daily chart of the E-Mini Russell 2000 (RTY, traded at CME), showing the whole year 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. The Russell moved in a trading range almost all year and Ambush just picked the tops and bottoms again and again!
The edge of Ambush is that we get in on these reversals BEFORE everyone else does when the swing-point is already in place. We participate and profit from those coming in later when the move is often already over (thank you guys!)
Here are the results of these trades, trading only one RTY contract:
Yes, that's almost $25k profits with a very moderate maximum drawdown of just $6k! That's something, isn't it? Now here's the kind of performance graph we traders all dream of:
The E-Mini Russell 2000 Future is a large contract and not suitable for small accounts. But you can do these trades also in the E-Micro Russell 2000 which is just 1/10 the size and more than liquid enough for Ambush Trading. Remember, we don't get in and out of the market 10 times a day and make our brokers rich. We place our order once a day and walk away till the close!
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, walking away, and going for the big intraday moves!
NEW YEAR SPECIAL:
Join us in 2022 and stop being on the wrong side of these trades! Here's a very special offer for you to start off right into the new year:
- 1-Year of Ambush Signals Forex for $399 (
$828) - 1-Year of Ambush Signals Mini for $599 (
$1068) - 1-Year of Ambush Signals Pro for $899 (
$1548)
Ambush Trading Method eBook:
The Ambush Trading Method eBook contains all the trading rules of the Ambush System, so if you want to make it your own or know what's behind Ambush Signals this is for you. Get it now for just $999 instead of the regular $1,799. But that's not all, if you buy the eBook you also get three months of Ambush Signals Pro for free to get you started on the right track. That is another $387 saving! All you have to do is use the coupon code "ambush999" during checkout. Click here - Ambush Trading Method eBook
Join me in 2022 and 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!
© 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.
NOW is the time!
Join Master Trader Joe Ross' Instant Income Guaranteed (IIG) program which rolled out on December of 2014.
This program will continue until September 30, 2022 so take advantage to learn IIG's option strategies with Philippe Gautier's master mind within his detailed guidance.
65% OFF
Use coupon code during checkout: iig65
Includes 2-Months FREE of Detailed Guidance which starts after completing Joe's online courses.
Check out IIG's Performance Track Record
We hope you will join our IIG trading team!
Even though Master Trader Joe Ross passed away September 7, 2021, his trading knowledge of over 60 years will carry a trading legacy and will live on. As you learn about Joe Ross and understand what he was trying to teach his students, you will find that within his writings, he had a very special gift. Most importantly, it was his students that kept him striving to provide comprehendable trading material to actually teach traders and become independent, to rely on anyone, but themselves.
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 was able to survive all the up and downs of the markets because of his adaptable trading style, using a low-risk approach that produces consistent profits.
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:
Benefits for our Clients:
- Where prices are likely to move next.
- 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.
- 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.
Read some personal testimonials which Joe has received.
WE APPRECIATE YOUR TRUST IN US AND THANK YOU FOR YOUR BUSINESS!
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To view previous published Chart Scan newsletters, please click on the "newsletter" button located at the top of our website.
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 2022 Disclaimer - Published by Trading Educators, Inc.
Chart Scan is a complimentary educational newsletter.
This newsletter and future publications are created to keep Master Trader Joe Ross' lessons readily available to traders that want to learn and improve their skills. My father passed away on September 7, 2021 and will be greatly missed, but his writings will stand the test of time for generations to come. Take it to heart and learn from the best through Master Trader Joe Ross' trading examples and articles which have impacted thousands of traders on every continent for over 60 years.
Happy trading,
Martha Ross-Edmunds
© by Trading Educators, Inc. Re-transmission or reproduction of any part of this material is strictly prohibited without prior written consent
