Short Term Trading

Futures

Edition 750 - October 26, 2018

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

Chart Scan with Commentary:  Bitcoin Futures

Bitcoin futures are tradable, same as any other financial futures. On the chart below we see that bitcoin has descended from recent highs to first one lower level, where prices moved sideways for several days, and then descended even further into a shallow V bottom. Since that time, Bitcoin has made nine consecutive higher lows. Prices are now set to challenge the recent trading range highs. Failure to break through would be hard on those who believe Bitcoin has much higher to go at this time.

The question is, “Are Bitcoin prices trending?” According to The Law of Charts In-Depth Webinar, prices are in the birth canal of an uptrend. It takes only three consecutive higher lows and higher highs to be able to say prices are beginning to trend. The segment counting method is described in “Trading the Ross Hook.” In other words, there is more than one way to view a trend. Segment counting looks for a trend in the birth canal. Any correction to the segment count after the first 3 segments, constitutes a #2 point.

Notice the trend is not yet defined. To define the trend prices would need to make a lower high and a lower low—a correction, and then continue. If that happened, you would see a 1-2-3 low on the chart, and a violation of the #2 point would define the trend. The first failure of prices to follow a violation of the #2 point would create a Ross Hook. A violation of the Ross Hook would establish the trend.

© 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.

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

Trading Article:  Break Time

Reality is subjective. There are different states of reality in the same way that there are different states of mind, or different states of emotion. After a series of setbacks, for example, the world can look bleak. Yet after a series of big wins, in contrast, you can feel euphoric, even omnipotent. So which is the true reality? This is a hard question to answer. Perhaps it is best to consider that there are multiple realities, and that some are more conducive to optimal trading than others.

One reality is that you must make profits. If you don't make enough winning trades, you will blow out your account. As true as this fact of trading is, however, forcing yourself to make trade after winning trade can actually make you choke under the pressure. While trading the markets, it is best to put this reality out of your mind. The more you can stay focused on your ongoing experience, rather than dwelling on your performance, the better. The more you just don't care, the better you will trade. Psychologists call this phenomenon the paradox of control: You have to give up control to actually gain control. If you feel that you can lose money and survive, you'll actually make more money. It sounds strange, but it's true. That said, it is hard to forget about your financial needs, aspirations, and expectations. If you are serious about the trading profession, you are probably the type of person who has high aspirations. You seek out success and you are ready to do whatever it takes to succeed.

If you want to trade at your best it is important to get away from it all, psychologically, that is. You need to let your mind relax. You need to let your thoughts slow down. You must occasionally get away from the competitive world of trading. Everyone has his or her approach. Some use meditation. Others work out at the gym until they let off pent up energy and are fully relaxed. And many people get a massage to relieve physical tension. The key is to shake your mind out of one reality and put it into another. Here's one method that can really give your mind the shock it needs. You can immerse your body in warm water (hot but not scalding and preferably at a professionally operated spa) for two minutes and then jump into a pool of cold water. When you immerse your body in a pool of hot water, all you can think about is coping with the heat. It's a little painful and so you must maintain concentration to avoid jumping out. It's a great way to focus.

Trading is inherently stressful. As much as we try to avoid it, our ego is often on the line with our money. It's essential to psychologically get away from it all. Whether it is meditation, exercise or a vacation on a tropical island, it's vital to shake up your reality, rest, and rejuvenate.

© 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.

SALE

30% OFF EBOOKS

boo30
COUPON CODE DURING CHECKOUT
GOOD UNTIL NOVEMBER 9TH

by Philippe Guartier:  Administration and
New Developments of Instant Income Guaranteed

Trading Idea:  Instant Income Guaranteed

PAGS Trade

On 9th October 2018 we gave our Instant Income Guaranteed subscribers the following trade on PagSeguro Digital Ltd (PAGS). Price insurance could be sold as follows:

• On 10th October 2018, we sold to open PAGS Nov 16 2018 20P @ 0.30, with 36 days until expiration and our short strike about 31% below price action, making the trade very safe.
• On 16th October 2018, we bought to close PAGS Nov 16 2018 20P @ 0.15, after 6 days in the trade for quick premium compounding

Profit: 15$ per option

Margin: 400$

Return on Margin annualized: 228.13%

Philippe

Receive daily trade recommendations - we do the research for you.

♦  SIGN UP TODAY!  THIS IS WORTH THE INVESTMENT  ♦

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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. 

by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and 
Editor of Traders Notebook Complete

Trading Article:  FEAR

There are three foes you must overcome in order to become an adequate trader.

The first foe is fear. If a trader runs away out of fear and avoids trading, nothing will happen except that he will never learn.

Fear causes your logic to become fuzzy and unclear. Lack of clarity becomes the second foe you have to overcome. Clearness of mind about the trading process removes fears. If you yield to the power of fear, you will have succumbed to a lack of clarity.

In trading what can get you into trouble are not the eventualities you took into account, but rather the variables you never thought to question. You must see clearly and use it only to trade what you see, and wait patiently and measure carefully before entering and following a trade.

If you can learn to see clearly, you will possess power. However, power wrongly used is the third foe you have to overcome. Power improperly deployed can destroy you. You must keep everything under control and know how to use power. Power in trading means understanding the markets and how they work. If you do not possess such understanding, power can come and go. If you have such power, it should be used only when it feels right.

Andy Jordan is the editor for Traders Notebook which shows you Futures Trading Strategies in Spreads, Options, and Swing Trades. Learn step-by-step how to trade successfully.

Click Here for Valuable Information about Traders Notebook

© 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.

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

Ambush Traders make over $3,400 winning 100% of the time in the E-Mini S&P 500

The Ambush trading method is specialized in catching intraday market tops and bottoms in a variety of Futures markets. Including the E-Mini S&P 500 (ES) traded at the CME, where Ambush Traders are having a really nice time lately. Ambush day trades on an end-of-day basis so there’s no need to even check the markets during the day.

The S&P 500 has been moving sideways along with most other stock indices over the last months. That’s perfect for the Ambush Method that is specialized in catching tops and bottoms in such market conditions. As you can see on the chart that worked out perfectly over the last month. Right at the bottom of the range Ambush bought close to the low of the days and had sell orders ready right at the very top of the range.

Here’s the result of all of the trades shown on the chart, trading one E-Mini S&P 500 (ES) contract, including $10 commissions per trade:

Yes, that’s over $3,400 profits per contract within just six trades, all of which have been day trades without a single loss!

Let’s face it, you don’t want to be on the one caught on the other side of these trades. Also if you’re actively day trading by getting in and out of the market all day long, honestly ask yourself if that’s worth your time? And are you actually doing better than this? I know day traders who place more than 6 trades within a single hour, but they just make their brokers rich and are all stressed out. With Ambush you’re day trading without even having to be there during the day!

Join us and become an Ambush Trader!

The most popular and easiest way to follow Ambush is Ambush Signals. It does all the work for you, allows you to customize what markets you want to see and has a position sizing tool implemented to automatically adjust the positions to your risk preferences. Learn More about Ambush Signals.

If you’d prefer to rather generate the signals on your own and want to know the exact trading rules of Ambush, you want the Ambush eBook.

Happy Trading!

Marco Mayer

© 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.

SALE

30% OFF EBOOKS

boo30
COUPON CODE DURING CHECKOUT
GOOD UNTIL NOVEMBER 9TH

Check out our Blog!

To view previous published Chart Scan newsletters, please log in or click on "Join Us,"
shown above, to subscribe to our free "Members Only" section.

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 2018 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.

Short Term Trading

Futures

Edition 749 - October 19, 2018

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

Chart Scan with Commentary:  Crude Oil

Hey Joe! What’s your take on crude oil? Will it recover from the recent leg down?

I’m not a prophet, but for now it looks to me like profit taking time, as longs sell out their positions to cash in on the previous move up.

At some point, oil will price itself "out" of business, at least to the extent it is currently "in" business. If economies crash due to the high price of oil, there will be less demand. The high prices spur governments and industry to look for substitutes. Alternatives to crude suddenly become quite reasonable in price. Together, all factors work towards lower oil prices, whenever crude becomes relatively expensive.

It seems that on any chart of crude there have been numerous chances to employ The Law of Charts In-Depth Webinar. Since the week of June 23, 2017 crude has mostly trended, eventually becoming a genuine bull market as can be seen on the weekly chart. At this point the one-week move down is nothing more than a correction.

Traders have the mistaken idea that if they have a small account, they must trade from very short-term charts. It is my firm belief that such thinking is wrong. It is a common misconception that if you use a larger time frame, you have to take a bigger risk. If your trading setup is correct, the move in the larger time frame chart is going to be much more explosive than it is from a similar move in a smaller time frame.

I have had no trouble day trading from weekly and daily chart signals, while at the same time keeping my risk very low. There need not be a relationship between risk and time frame for a day trader. Whether you trade a 1-minute chart or a 1-week chart, if you are a day trader you are going to be out by the end of the session in which you are trading. The lines between day trader and position trader are not nearly as clear as they used to be. With trading sessions lasting throughout the night, what exactly is day trading?

Once you decide how much you are willing to risk on a trade, what difference does it make from which time frame you trade? One of the best trades I witnessed last year was done from a weekly bond chart with a risk of only $200. The single most important item in any trade is risk. Risk must always be determined before the trade is entered. Sadly, many, if not most, traders fail to assess risk before they enter.

© 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.

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

Trading Article:  Making Progress

Learning to master the markets can sometimes seem like climbing a tall mountain: You know it can be done, but you don't know how to do it, or whether you could do it if you had to. The task may seem insurmountable, and as you think about it, daunting. Fully mastering the markets takes time; time is needed to gain the vast experience required to trade in a variety of market conditions, and the advanced skill set required takes a great deal of practice. Rather than tackle the experience all at once, however, it is more useful to pick a few key trading strategies, identify the market conditions where they perform optimally and trade under these ideal conditions to build up trading skills and confidence. Rather than strive for instant success, it's better to make sure and steady progress.

There are benefits in taking it slow when it comes to learning how to trade. It's essential that a novice trader build up a sense of confidence with a few key strategies. Psychologists refer to this process as building up self-efficacy beliefs. Self-efficacy is different from self-esteem. A person can have low self-esteem yet believe that he or she can perform a specific task under a specific set of circumstances with a feeling of self-efficacy. Similarly, a beginning trader may believe that he or she is an average trader but has specific abilities when trading a particular trading strategy under specific market conditions. For example, suppose you know you can trade in a bull market using just a few key signals. It may be useful to trade this strategy at the start of the trading day. There's a good chance that you'll achieve success and feel good about your initial abilities. In other words, you'll feel a sense of self-efficacy. Now, you may also know that should market conditions change, you are better off standing aside.

Research on self-efficacy has shown that when people believe they have self-efficacy regarding a specific set of skills, they set challenging goals, show unfailing persistence, experience pleasant moods, and can easily handle stress. These characteristics are conducive to profitable trading. Anything you can do to increase self-efficacy will help you master the markets and achieve long term profitability. The two most obvious ways to increase self-efficacy are to start off trading with methods you have mastered so that you meet with initial success and increase your feelings of efficacy, and to practice and gain experience as a trader. The more success you achieve, the greater your self-efficacy, and the more likely you'll be able to trade in a greater variety of market conditions and persist until you achieve consistent profitability. So don't be overly ambitious. Set realistic goals, achieve initial success, and build up your sense of self-efficacy. The greater your self-efficacy, the better you will succeed in the markets.

Let me give you an example. Pete was only a breakeven trader after 22 years trying to make a living trading in the markets. He never seemed to be able to make that important breakthrough that would enable him to trade for a living. That’s when he came up with a simple trading idea that enabled him to achieve success.

Pete liked to trade options, but the many different option strategies did nothing more than complicate his trading. From trading complicated option positions in the futures markets, Pete switched to trading stock options. Changing markets was a good way to get a fresh start.

Pete then did a very simple thing. He decided to sell covered calls only on stocks that were rising. Bingo! He began making money. Selling covered calls exactly fit his efficacy profile. There’s virtually always something that is going up, even in bear markets. Although the choices are fewer in a bear market, the excessive price of all options—calls and puts rise due to a rise in volatility. After all those years of trying, Pete found his way to trade. He is now a full-time professional trader.

© 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.

by Philippe Guartier:  Administration and
New Developments of Instant Income Guaranteed

Trading Idea:  Instant Income Guaranteed

EWZ Trade

On 2nd October 2018 we gave our Instant Income Guaranteed subscribers the following trade on iShares MSCI Brazil Index Fund (EWZ). Price insurance could be sold as follows:

• On 4th October 2018, we sold to open EWZ Nov 16 2018 28.5P @ 0.29, with 42 days until expiration and our short strike about 20% below price action.
• On 8th October 2018, we bought to close EWZ Nov 16 2018 28.5P @ 0.11, after 4 days in the trade for quick premium compounding

Profit: 18$ per option

Margin: 570$

Return on Margin annualized: 288.16%

Philippe

Receive daily trade recommendations - we do the research for you.

♦  SIGN UP TODAY!  THIS IS WORTH THE INVESTMENT  ♦

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. 

by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and 
Editor of Traders Notebook Complete

Trading Article:  Many Kinds of Emotions Go with Winning and Losing

Once a trade is entered, there are two possible outcomes: Win or lose. Between the two is the breakeven point, and because it is in-between, it’s psychologically significant. Losing is involved with fear and hope. Winning is involved with greed.

When on the losing side of a trade, the breakeven point is a place that inspires hope. Being human we have a natural tendency to avoid risk and loss. When in the agony of a losing trade, we tend to hold on and hope that the losing trade will turn around and return to the breakeven point, where there may be no profits, but at least there are no losses. But hoping often leads to losses in the end. Hope has no place in making trading decisions. The entry point and the protective stop should be determined before putting on a trade. When this is done properly, there is no reason to let hope, or any other emotion, influence your trading decisions. You should trade almost mechanically. If the trade goes against you, simply exit once the stop price is hit. Don't let hope play a role in your trading plan. There are many good reasons to cut your losses, rather than hope for the losing trade to turn around.

The point of view a trader has from a winning trade is quite different. When in a winning trade, a lot of traders tend to take all their profits too early, again because they are averse to risk and potential loss. By exiting the entire position too early they don't let their profits run. This limits the size of the winning trades, so that across a series of trades, the overall profit is greatly lessened. But there's a way to lock in profits, let the trade run a little longer, and pile on a little more profit. Once the profit exceeds the initial stake, a stop can be placed at the breakeven point. This strategy lets you lock in some initial profits while virtually eliminating risk. The most you can lose is commission costs. Besides reducing financial risk, the emotional stress is also eliminated. And reduced stress means you can evaluate the bigger picture more objectively.

Unfortunately, many novice traders are so consumed with capturing a profit and showing a good profit/loss statement that they cannot follow through with moving the stop to the breakeven point. They feel the strategy inhibits them and may limit their potential profits. They wrestle with moving the stop back to its original point, where they entered, or simply canceling it altogether. This can be disastrous to a trading account. Stops should never be changed to a more harmful position or canceled altogether. Such practices will stir up emotions that adversely affect trading decisions, and eventually lead to the end of a trading career. Discipline is always the best strategy.

Andy Jordan is the editor for Traders Notebook which shows you Futures Trading Strategies in Spreads, Options, and Swing Trades. Learn step-by-step how to trade successfully.

Click Here for Valuable Information about Traders Notebook

© 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.

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

Ambush Traders make over $3,400 winning 100% of the time in the E-Mini S&P 500

The Ambush trading method is specialized in catching intraday market tops and bottoms in a variety of Futures markets. Including the E-Mini S&P 500 (ES) traded at the CME, where Ambush Traders are having a really nice time lately. Ambush day trades on an end-of-day basis so there’s no need to even check the markets during the day.

The S&P 500 has been moving sideways along with most other stock indices over the last months. That’s perfect for the Ambush Method that is specialized in catching tops and bottoms in such market conditions. As you can see on the chart that worked out perfectly over the last month. Right at the bottom of the range Ambush bought close to the low of the days and had sell orders ready right at the very top of the range.

Here’s the result of all of the trades shown on the chart, trading one E-Mini S&P 500 (ES) contract, including $10 commissions per trade:

Yes, that’s over $3,400 profits per contract within just six trades, all of which have been day trades without a single loss!

Let’s face it, you don’t want to be on the one caught on the other side of these trades. Also if you’re actively day trading by getting in and out of the market all day long, honestly ask yourself if that’s worth your time? And are you actually doing better than this? I know day traders who place more than 6 trades within a single hour, but they just make their brokers rich and are all stressed out. With Ambush you’re day trading without even having to be there during the day!

Join us and become an Ambush Trader!

The most popular and easiest way to follow Ambush is Ambush Signals. It does all the work for you, allows you to customize what markets you want to see and has a position sizing tool implemented to automatically adjust the positions to your risk preferences. Learn More about Ambush Signals.

If you’d prefer to rather generate the signals on your own and want to know the exact trading rules of Ambush, you want the Ambush eBook.

Happy Trading!

Marco Mayer

© 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.

Check out our Blog!

To view previous published Chart Scan newsletters, please log in or click on "Join Us,"
shown above, to subscribe to our free "Members Only" section.

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 2018 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.

Short Term Trading

Futures

Edition 748 - October 12, 2018

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

Chart Scan with Commentary:  Stock Indices

Hey Joe! Any clue as to which way the stock market will go next?

Looking at the three stock indices above, I cannot tell which way stock prices will move next. However, I can make a pretty good guess as to which one will lead the way if prices move higher. If you look as the Nasdaq (chart on the left) you can see virtually day-by-day how much better NQ has performed since the low made on February 9.

I often look at charts that way, day-by-day, to closely compare the price action, and to detect any hint of which way they may move next. It has been a profitable exercise doing so.

© 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.

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

Trading Article:  Rise to the Occasion

Trading is a challenging profession. Many seek out success, but few make it. The markets don't always cooperate with your plans. You can trade all day, and work hard at it, but you can still end up losing money. Thinking of the big picture helps ease the pressure. You can calmly think, "What's there to worry about? It's just one trade among many. It's just one day. There are many more days to trade." Thinking of the bigger picture is a great thinking strategy that you can use to calm down. It's also useful to realize that you can't control everything. All you can do is persist in the face of uncertainty and hope for the best. You may not win all the time, but you deserve to win, and you should trade as if you are a winner.

All you can do is bravely try to overcome obstacles and trade as if you deserved to win. That isn't to say that you should give up and assume you couldn't win. Indeed, trading to win is far from that. You must work so diligently that regardless of the outcome, you will feel at peace knowing that you did your best.

Ever heard the phrase, "Winning is the only thing"? Winning is important, but ironically, it can't be "the only thing." A more apt saying for success is, "It's not whether you win or lose, but how you play the game." If you trade with resolution and discipline, you'll be more likely to achieve success. You must respect trading and the markets. You can't impose your will onto the markets. The markets will do whatever they want. You must be ready to accept what the markets have to offer you. It's vital to enjoy the process of trading. It's intellectually challenging. You can use your creative abilities to identify trading opportunities, and feel a sense of accomplishment by solving difficult problems. Sometimes you'll win, but many times you will lose. But each trading opportunity has a little something to teach you about yourself, the markets, and trading. It may be just a little thing, like how you can accept taking a loss after a fluke ruined a perfectly good trade.

Enjoy the process of trading. Fight hard; try to overcome every obstacle. But do it because you love it, not because you need to win. If you can step away from the idea that winning is all that matters, you'll be able to control your emotions. When you encounter a setback, you won't experience self-doubt or inadequacy. Instead, you will actively and creatively think about what you can do next. What is the next step you can take to bring you closer to your goals? It's hard to do. In modern society we are driven to win, but ironically, the people who actually win in the long run aren't consumed with winning. They are consumed with the process of trading, honing their skills, and gaining a sense of peace knowing that they have worked to the best of their abilities. They feel satisfied just knowing that they have put in a noble effort.

© 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.

by Philippe Guartier:  Administration and
New Developments of Instant Income Guaranteed

Trading Idea:  Instant Income Guaranteed

ALB Trade

On 10th September 2018 we gave our Instant Income Guaranteed subscribers the following trade on Albemarle Corporation (ALB). Price insurance could be sold as follows:

• On 11th September 2018, we sold to open ALB Oct 26 2018 85P @ 0.45, with 38 days until expiration and our short strike about 13% below price action.
• On 17th September 2018, we bought to close ALB Oct 26 2018 85P @ 0.10, after 6 days in the trade for quick premium compounding.

Profit: 35$ per option

Margin: 1700$

Return on Margin annualized: 125.25%

Philippe

Receive daily trade recommendations - we do the research for you.

♦  SIGN UP TODAY!  THIS IS WORTH THE INVESTMENT  ♦

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. 

by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and 
Editor of Traders Notebook Complete

Trading Article:  The Long Run Is Longer Then You Think

Many traders are smart enough to know that they will win in the long run by taking only the best trades, but become impatient due to the lack of anything happening. They forget that the long run can be “long”.

Taking only the best trades can be frustrating. They come along rarely, and even when they do there is no guarantee of winning with them. Long gaps occur in between. We can become angry and irritable, and our emotional balance can be severely tested.

Many traders, especially beginning traders, seem to think that they have to trade all the time if they want to make money. Very often the opposite is true. A good trader is a patient trader, because he knows that "the long run" is longer than we think.

Andy Jordan is the editor for Traders Notebook which shows you Futures Trading Strategies in Spreads, Options, and Swing Trades. Learn step-by-step how to trade successfully.

Click Here for Valuable Information about Traders Notebook

© 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.

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

Ambush Traders make over $3,400 winning 100% of the time in the E-Mini S&P 500

The Ambush trading method is specialized in catching intraday market tops and bottoms in a variety of Futures markets. Including the E-Mini S&P 500 (ES) traded at the CME, where Ambush Traders are having a really nice time lately. Ambush day trades on an end-of-day basis so there’s no need to even check the markets during the day.

The S&P 500 has been moving sideways along with most other stock indices over the last months. That’s perfect for the Ambush Method that is specialized in catching tops and bottoms in such market conditions. As you can see on the chart that worked out perfectly over the last month. Right at the bottom of the range Ambush bought close to the low of the days and had sell orders ready right at the very top of the range.

Here’s the result of all of the trades shown on the chart, trading one E-Mini S&P 500 (ES) contract, including $10 commissions per trade:

Yes, that’s over $3,400 profits per contract within just six trades, all of which have been day trades without a single loss!

Let’s face it, you don’t want to be on the one caught on the other side of these trades. Also if you’re actively day trading by getting in and out of the market all day long, honestly ask yourself if that’s worth your time? And are you actually doing better than this? I know day traders who place more than 6 trades within a single hour, but they just make their brokers rich and are all stressed out. With Ambush you’re day trading without even having to be there during the day!

Join us and become an Ambush Trader!

The most popular and easiest way to follow Ambush is Ambush Signals. It does all the work for you, allows you to customize what markets you want to see and has a position sizing tool implemented to automatically adjust the positions to your risk preferences. Learn More about Ambush Signals.

If you’d prefer to rather generate the signals on your own and want to know the exact trading rules of Ambush, you want the Ambush eBook.

Happy Trading!

Marco Mayer

© 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.

Check out our Blog!

To view previous published Chart Scan newsletters, please log in or click on "Join Us,"
shown above, to subscribe to our free "Members Only" section.

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 2018 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.

Short Term Trading

Futures

Edition 747 - October 5, 2018

EXTRA! EXTRA!  READ ALL ABOUT IT!
PROFESSIONAL TRADER ANDY JORDAN HAS RELEASED A NEW PRODUCT AND IS OFFERING A LIMITED TIME FREE TRIAL!
CLICK HERE - TRADERS NOTEBOOK LIVE TRADING ROOM!

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

Chart Scan with Commentary:  Basic Law of Charts 2

The chart below shows a situation that comes up from time to time. The chart was sent in by one of our students, along with some questions.

First: Was that a 1-2-3 high formation? Answer: Yes!

Second: Do the arrows point to Traders Trick Entries? Answer: Yes!

Third: Would you have lost money had you gone short? Answer: that depends on your management. Certainly there was sufficient room in the trade for you to have covered costs, taken a profit, and moved your stop to breakeven.

Fourth: Was the Traders Trick from the 1-2-3 formation still in effect based on the third bar following the bar marked "3?" Answer: Yes and No!
Why Yes? Because the outside bar, the second bar following the bar marked "3," is actually a Ross Hook.

Why No? Because the fact that there is a Ross Hook means there is no need to perceive the Traders Trick Entry as being based on the 1-2-3 formation. I know that at first glance, on an unmarked chart it appears (if you didn't see the Ross hook) that the Traders Trick Entry based on the 1-2-3 formation might still be in effect.

If the bar marked "Rh™" had a low equal to or higher than the first bar following the bar marked "3." it would have indeed rendered the second Traders Trick Entry to be in exactly the same place as it is shown by the arrow on the right.

© 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.

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

Trading Article:  Chess and Trading. What do you think?

Although I haven't the faintest idea of how to play chess, it certainly seems like a great idea. I imagine you can improve stock and futures trading by learning how to play chess.  It might also help to develop an interest in physics. Every trader should learn to develop his problem-solving and pattern recognition abilities.  I’ve been told that nothing does this better than learning how to play chess. Some of the first computer algorithms were designed to play chess. Just as chess taught the computer how to think, it seems likely chess can teach traders how to think more logically and effectively. Chess is something that might be taught in the first grade through high school in all schools to help children develop problem-solving abilities, and to create self-confidence and self-reliance.  Chess, when taught to under-privileged children, was responsible for the greatest overall grade improvement for all students on all levels. Of course no one knows for sure what the social impact of such a plan might be.  What about the kid who really has trouble seeing ahead; kids who have dyslexia like me? Pattern recognition is the key to understanding bar chart structure. Variations of similar patterns are constantly occurring in the markets. Prices move either up or down 100% of the time.  Truly, prices do not move sideways.  Markets move sideways, not prices.  If a price moves, by definition it is either up or down. If a price ticks sequentially more than once at the same price, it hasn’t move at all.  Sideways for the market indicates virtually all price movement within a certain range.  A key to correct technical analysis is simplicity; breaking the market down to its basic price structures for comparisons of highs, lows, opens and closes within various time periods. Profitable trading can be derived from recognition of simple recurring price patterns based on the action, reaction, and interaction of market perception.

© 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.

by Philippe Guartier:  Administration and
New Developments of Instant Income Guaranteed

Trading Idea:  Instant Income Guaranteed

UAA Trade

On 24th September 2018 we gave our Instant Income Guaranteed subscribers the following trade on Under Armour, Inc. (UAA). Price insurance could be sold as follows:

• On 25th September 2018, we sold to open UAA Oct 26 2018 18P @ 0.30, with 31 days until expiration and our short strike about 13% below price action
• On 27th September 2018, we bought to close UAA Oct 26 2018 18P @ 0.15, after 2 days in the trade for quick premium compounding

Profit: 15$ per option

Margin: 360$

Return on Margin annualized: 760.42%

Philippe

Receive daily trade recommendations - we do the research for you.

♦  SIGN UP TODAY!  THIS IS WORTH THE INVESTMENT  ♦

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. 

by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and 
Editor of Traders Notebook Complete

Trading Article:  How to handle fear?

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.

In order to become a professional trader, you must learn to deal with fear. The first step is to acknowledge that you have, which is what you have done. Once you admit to fear, you can begin to deal with it.

When you notice the impulse to trade based on strong fear, it is usually best to literally step out of the trap by stepping out of the situation.

You need to get up, walk away from the computer. Turn off the television, take a walk, get something to eat, go outside and cut the grass, water the lawn, or do anything that will move you out of the fear/panic mode.

Don’t return to your trading desk until you have managed to achieve some emotional control over your fear/panic reaction. If you can’t get a grip on your fear, then don’t come back that day.

Most likely you will find that even if you keep thinking about the miserable market conditions while you water the lawn, simply getting away from the keyboard and monitor is enough to make a difference. It removes the demand to take action and gives you the mental space to gain perspective and let go of your impulsive, fear-based reaction.

Andy Jordan is the editor for Traders Notebook which shows you Futures Trading Strategies in Spreads, Options, and Swing Trades. Learn step-by-step how to trade successfully.

Click Here for Valuable Information about Traders Notebook

© 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.

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

Trading Article:  Everybody gets what they want out of the market

This is one of the quotes about trading that stuck with me. I googled it and it's from Ed Seykota, I probably read it in one of the Market Wizards books, which I can highly recommend.

The exact quote is “Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.”

Now this applies especially well to the retail world of traders. And it's one of the first things I tend to ask when coaching someone: "Why are you trading". Now of course the answer "to make money" is the one that comes back the most often. And to be honest it should be the #1 motivation, even though it helps tremendously if you enjoy trading and especially the process of research and development to gain an edge in the markets.

But what are you really in for? I know for sure that many traders out there are just trading out of fun. For whatever reason they're bored and need some excitement in their life. Or they're just gamblers who could also have ended up in Poker or sport bets. Then they'd get ripped by the professional poker players out there...

So really ask yourself why you're trading or why you want to get started. Do you really want to learn a new, complex and difficult business from  scratch? One where you're competing against some of the smartest and most competitive people in the world? You're ready to put in the time, nerves and money needed to get started the right way and keep on going even though the market shows you the finger again and again?

If so congratulations! So far I haven't found another profession that's as challenging and interesting day in and day out as trading. I love waking up and knowing what I'm up against. Knowing I might find a new little edge today in the markets. Going through my trading routine and enjoying the freedom trading provides. It's also one of the most scalable businesses out there and it has many other advantages...but to make it here as in any business you'll need to do some hard work that isn't always exciting.

Now if you're just in for the exciting ride, that's fine too! As Seykota said, "Everybody gets what they want out of the market". If you want a fun ride, you'll get it, again and again. Just put in some trades because "the market looks like it's going up", leverage up those positions and then watch every tick on the chart while keeping a close eye on your P&L. Sure you'll blow a few grand every now and then but that's simply the cost you pay for the ride. Just be honest to yourself and simply enjoy it! We're happy about you providing us liquidity just where we might need it ;)

© 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.

Check out our Blog!

To view previous published Chart Scan newsletters, please log in or click on "Join Us,"
shown above, to subscribe to our free "Members Only" section.

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 2018 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.

Short Term Trading

Futures

Edition 746 - September 28, 2018

Marco Mayer's 30% Off Special Ends this Monday!
Ambush Trading Method eBook
Don't miss out, scroll down for more details!

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

Chart Scan with Commentary:  Basic Law of Charts 1

Crude Oil Inventories came out unexpectedly low one week. The weekly chart (Inset) shows Crude Oil in a trading range for several months, with prices at that time near the low of the range. The daily chart had produced #1 and #2 points of what may have turned out to be a 1-2-3 low formation. The #2 point was created when there was both a lower high and a lower low on the chart. According to the Law of Charts, what will it take for the #3 point to be in place? The answer is we would have to see a daily bar or combination of daily bars that make both a higher high and a higher low. Traders of Crude Oil would have been on alert. The 3 arrows point to classical chart analysis gaps: breakaway, runaway, and exhaustion, indicating the downward move would soon be over.

© 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.

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

Trading Article:  Talk to Yourself

Yesterday, Jack went over to his best friend Tom's house to look at his new Porsche Turbo. Jack has wanted a Porsche since he was a teenager but could never afford one. Four years ago he taught Tom how to trade. Tom's been doing great ever since. Each year he has made greater and greater profits, even during bear markets. Jack can't help but envy Tom's success, yet at the same time, he berates himself for failing to do as well. He thinks, "What am I doing wrong? I taught this guy how to trade. How can he be doing so much better than I am? It just isn't fair. I should just give up." Have you ever felt like Jack? You look at your friends and can't believe how much better they are doing. Soon, you're so upset that you can't face another trading day. You may make a solid $200 on a trade, but think, "I'll never reach my financial goals at this rate." When you are so consumed with envy that you're beating yourself up for failing to meet your performance standards, it's time to take action.

The reactions to certain events can seem to come out of nowhere. We can be happy and content one minute, and suddenly disappointed when faced with a setback. It can happen quickly, instantly without thinking. It's important to get back on track when this happens, however. Although it may seem that our emotions happen automatically, they don't. We quickly think things through, and it's our thoughts that lie behind our emotions. For example, when we are envious of what others have, and feel disappointed with our lives, it is all because we believe that we should succeed. We believe that we should be doing as well as others. We believe that it is our right to do well. We feel entitled and disappointed by life when we discover that we are not living up to our expectations. It's natural to feel this way. In today's culture, the virtues of ambition and success are touted with almost every commercial, every movie, and page after page of print ads. If you work hard, you deserve wealth, fame, and respect.

It would be nice if life always worked that way, but it doesn’t. In the trading realm especially, sometimes our hard work pays off, but many times it does not. When you feel envy, or disappointment, it's useful to pull out a list of sayings that changes your perspective and restores your enthusiasm and mental edge. What are some of these statements? Consider some of our favorites: "Run your own race. Don't let your net worth determine your self-worth. Focus on the process, not the prize." Say these and other positive affirmations out loud to yourself. We've written articles on each of these slogans. In summary, "run your own race," refers to the idea that comparisons to others are unproductive. Everyone has his or her own resources and talents. Some people start out ahead in ways that you are unaware of, so if they do better than you, there is no reason to think that you are doing poorly; they are merely doing better than you because they have more resources. You don't have to compete with others. All you have to do is run your own race.

© 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.

by Philippe Guartier:  Administration and
New Developments of Instant Income Guaranteed

Trading Idea:  Instant Income Guaranteed

APA Trade

On 5th September 2018 we gave our Instant Income Guaranteed subscribers the following trade on Apache Corporation (APA). Price insurance could be sold as follows:

• On 6th September 2018, we sold to open APA Oct 19 2018 37.5P @ 0.29, with 43 days until expiration and our short strike about 15% below price action.
• On 14th September 2018, we bought to close APA Oct 19 2018 37.5P @ 0.10, after 8 days in the trade for quick premium compounding.

Profit: 19$ per option

Margin: 750$

Return on Margin annualized: 115.58%

Philippe

Receive daily trade recommendations - we do the research for you.

♦  SIGN UP TODAY!  THIS IS WORTH THE INVESTMENT  ♦

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. 

by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and 
Editor of Traders Notebook Complete

Trading Article:  The Ideal Parameters for Successful Trading

• Your trading goals and objectives must be possible to complete. They cannot be too abstract or too high. It is best to just execute a trade rather than being overly concerned with profits or achieving unrealistic performance standards.
• You must be able to intensely concentrate on what you are doing. While trading, it's vital that you have a detailed trading plan and control risk so that you can focus on monitoring the trade. Do not allow interruptions or anything that takes away your focus.
• You must maintain control over any psychological conflicts you may have as well as keeping control over those things that cause you stress. Nothing can be allowed to interfere with your concentration.
• Your trading must have clear goals and immediate feedback. A detailed trading plan helps you keep the goals clear. Similarly, the proper signals specified beforehand allows for immediate feedback.
• You must strive for deep and effortless involvement. Work on becoming so deeply involved in your trading that the everyday worries of life tend to be cast aside.
• Maintain a decisive sense of control over all your actions.
• Become so focused on your trading that you are no longer self-conscious; there is no self-doubt or self-reproach. Just focus on your trading.
• Be so intent that time seems to just slip away. You want the hours to go by like minutes.
• To have the kind of focus and intensity I just described, plan on trading only in very short intervals. You are human, not a machine. A period of 45 minutes of intense focus has proven to be best for most traders. Take a break of at least 5 minutes before you go back to trading.

Andy Jordan is the editor for Traders Notebook which shows you Futures Trading Strategies in Spreads, Options, and Swing Trades. Learn step-by-step how to trade successfully.

Click Here for Valuable Information about Traders Notebook

© 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.

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

Use coupon code Ambush30
to receive 30% off Marco Mayer's eBook! 

Ambush Traders keep on profiting big time from stock market uncertainty!

The Ambush trading method is specialized in catching intraday market tops and bottoms in a variety of Futures markets. Including the Russell 2000 mini Future (RTY) traded at the CME, where Ambush Traders are having a really nice time lately. Ambush day trades on an end-of-day basis so there’s no need to even check the markets during the day!

Many of you might remember that back in July we talked about the uncertainty in the stock markets and how well that worked out for Ambush Traders. Since then about two months have passed and guess what, not too much changed! After the Russell 2000 tried to breakout of its trading range, it’s now back inside it and is trading at about the same price as it has been two months ago. At the same time Ambush keeps on hitting those market turning points that are driving other stock market traders crazy…

Here’s the result of all of the trades shown on the chart, trading one Russell 2000 mini (RTY) contract, including $10 commissions per trade:

Yes, that’s a profit of $4320 with a profit factor of 2.00!

Let’s face it, you don’t want to be on the one caught on the other side of these trades. Also if you’re actively day trading by getting in and out of the market all day long, honestly ask yourself if that’s worth your time? And are you actually doing better than this? With Ambush you’re day trading without even having to be there during the day!

Use coupon code Ambush30
to receive 30% off Marco Mayer's eBook! 

Join us and become an Ambush Trader!

The most popular and easiest way to follow Ambush is Ambush Signals. It does all the work for you, allows you to customize what markets you want to see and has a position sizing tool implemented to automatically adjust the positions to your risk preferences. Learn More about Ambush Signals.

If you’d prefer to rather generate the signals on your own and want to know the exact trading rules of Ambush, you want the Ambush eBook. We currently have a special running for the eBook. You can get it 30% off, that’s over $500! Simply use the coupon-code "Ambush30" at the checkout.

Did you check out Ambush's Performance Page?  For over 10 years, Ambush Trading Method is one of the longest standing and exceptional trading system in markets like equity indices, currencies, bonds and commodities.

Use coupon code Ambush30 to receive 30% off Marco Mayer's eBook! 

I want to hear from you!  Send me an email asking questions about the Ambush Trading Method., This email address is being protected from spambots. You need JavaScript enabled to view it..  It will be a good fit for you!

Happy Trading!

Marco

This promotion expires September 30th.

© 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.

Check out our Blog!

To view previous published Chart Scan newsletters, please log in or click on "Join Us,"
shown above, to subscribe to our free "Members Only" section.

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 2018 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.